Finance Manager - MENA
Aldes Middle East FZE
Total years of experience :19 years, 7 Months
Managing the Accountants / Finance and Treasury operations of the business with HQ reporting.
Responsible for GCC region accounting and finance function
Monthly Group reporting and consolidation
Financial statement review and preparation of variance analysis
Budget and Rolling forecast preparation
MIS reporting
Dealing with EY for external audit, Dealing with Insurance company for renewals, negotiation with supplier
and customers for commercial contracts.
Leading the finance function of Belhasa Real Estate Co. LLC, Belhasa Trading and Development Co. LLC, Belhasa Falcon LLC, and Ibn Al Nafees Medical Clinic. Responsible for end to end accounting function including but not limited to recording, reporting, management accounting, closing of books, external auditing, Quarterly VAT filing to FTA.
Lead end to end accounting and finance function of the organization included but not limited to
AR/AP/GL/FA/ Management Accounts, Payroll, Budgeting, Forecasting, Cash Flow Management, Financial Planning
and Analysis, Financial Reporting, MIS Reporting, Working Capital Management, Drafting of Commercial Contracts,
Credit Control, Implementation of Policies and Procedures, Enhancement of financial accounting and management
system as per VAT requirement and integration of VAT functionality in an ERP system, Bank facilities arrangements
and extensive bank dealing for bank facilities like Over Draft, Business Loans, Invoice discounting, LC opening,
Negotiation with banks for business loans, rate of interest, loan restructuring and rescheduling etc, Submission of
audited financials to the banks as per bank’s requirement and in compliance with IAS and IFRS, Internal and
External Auditing, Provide transparency and Visibility of accurate financial data to the BODs, Submission of Audited
Financial to govt. authorities, Taxation etc.
Accounting:
Supervise and manage end to end accounting function of the organization including but not limited to the following:
• Accounts Receivable: Timely and accurate Invoicing, management of customer invoices, SOA’s, corporate agreements, revenue recognition, revenue reconciliation, timely collections, dispute resolution, credit control policy, posting of accounting entries in an ERP system.
• Accounts Payable: Timely processing of supplier payments, management of supplier invoices, SOA’s and agreements, account reconciliation, dealing with suppliers, posting of accounting entries in an ERP system.
• Responsible for timely closing of monthly financial statements and management accounts.
• Responsible for monthly reporting of financial statement including trial balance, balance sheet, profit and loss account, changes in equity statement.
• Responsible for internal and external audit to meet regulatory requirements.
• Conduct and supervise external audit and act as a focal point for external auditors.
• Responsible for enhancement of accounting systems, processes, tools and control systems.
• Ensure maintenance of appropriate internal controls and financial procedures.
• Ensure legal and regulatory compliance of all financial functions.
• Responsible for accuracy, transparency and visibility of financial data.
Finance Responsibilities:
• Financial Planning and Analysis, Budgeting, Forecasting, Cash flow Management, Working Capital Management, Revenue Management, Assets Management, Investment Management,
Forex Dealings, MIS Reporting, Internal Controls, Dealing with Commercial Agreement, Business process
improvement, Banking, Feasibility Studies, Mergers and Acquisitions
• Work effectively with different departments of the company to ensure financial stability of the business in all the aspects
• Serves as key member for leadership team in business decision making.
• Keep an eye on new projects and ensure long term business growth and profitability in coordination with project managers.
• Ensure visibility, transparency and availability of accurate financial and business data in order for management team to make fruitful business decisions.
• Dealing with local banks for arranging credit facilities like, short term and long term business loans, invoice discounting, re-scheduling of credit facilities, negotiation with banks.
Accounts Receivable:
• Verification of customer invoices, statement of account
• Reconciliation of customer's account
• Preparation of receivable report for management review and timely collection
• Follow up for collections
• Posting of entries in the accounting system
• Maintenance of customer's agreements
Accounts Payable:
• Verification of supplier invoices with purchase order and contracts.
• Processing of supplier payments as per the agreed terms and conditions
• Reconciliation of supplier's account
• Dealing with suppliers for negotiation in rates, quality of goods and other terms and conditions
• Posting of entries in the accounting system
• Maintenance of Supplier’s agreements
General Duties:
• Preparation of Financial reports such as trial balance, profit and loss account, balance sheet
• General Ledger Management
• Finalization of Accounts
• Preparation of cash flow and budgets
• Funds Management
• Maintenance of assets register
• Preparation of Payroll
• Weekly MIS reporting to the management of the company
• Conduct external audit in a timely manner
• Dealing with banks, financial institutions, auditors
• Prepare statements, invoices, and vouchers.
• Reconcile Account Payable, Account Receivable, expenses, payroll, or other ledger accounts.
• Handling of Petty Cash Account.
• Look after all the purchases, take quotation from different vendors, rate negotiation etc.
• Reconciliation of Intercompany transactions and issuance of debit and credit note to group companies.
• Calculation of Depreciation on fixed assets, maintain assets tag system, addition and deletion in assets register.
• Assists Finance Manager in Preparation of Monthly Financial Statements. Closing of accounts, preparation of budgets, financial planning and analysis, working capital management, cash flow management etc.
• Recording of Organization’s business transactions and retains all accounting records.
• Reconcile Account Payable, Account Receivable, expenses, payroll, or other ledger accounts.
• Prepare statements, invoices, and vouchers.
• Maintain all company bank accounts including month end reconciliation of bank statements with company records.
• Handling of Petty Cash Account.
• Prepare and file tax returns, tax calculation on supplier and customer invoices, tax calculation on payroll.
• Assist Financial Manager in preparation of Financial Reports, Management Accounts.
• Recording of daily Accounting activities in accounting system.
• Prepare invoices and vouchers.
• Bill Collection & Sales Data Entry.
• Handling of Petty cash account.
• Assist Finance Manager in Preparation and Finalization and closing of monthly financial statements and financial reporting.
• Prepare and file tax returns, tax collection on behalf of suppliers and customers, calculation of tax as per government schedule.
• Bank withdrawal and deposits reconciliation
• Processing of payroll and tax calculation on salaries.
I have done Masters in Economics & Finance from University of Karachi, Karachi - Pakistan in July-20
Bachelor of Commerce