Manager Finance
Memory Technology Middle East FZCO
Total des années d'expérience :20 years, 4 Mois
Responsible of overall work financial operations including Finance, Credit Control, team management
Participating in budgets preparation, consolidation, evaluation of various alternatives, analyzing variance and reporting and standard costing
Preparing annual budgets detailing monthly product-wise revenues, costing and contributions as well as cost center-wise spends
Managing treasury, liaise with banks, handling ‘letter of credits’ and bank guarantees
Participating in finalization of management accounts, presentation to management and assistance in discussions making
Responsible for accounting, forex, banking operations, cash flows and analyzing financial statements
Review of policies and internal controls to ensure ‘fit for purpose’, facilitating smooth execution of fiduciary audits jointly with external auditors
Managing development and refinement of credit collections systems
Monitoring business environment with key emphasis on pricing, competitors and other factors influencing business performance
Designing and implementing cost effective mechanisms to minimize potential financial risks
Formulating financial manuals/policies along-with forecasts for group/region on monthly basis planning cycle process
Re-organizing processes for optimal utilization of financial structures
Spearheading a team of middle level managers to produce accurate financial statements and reports while ensuring that the organization’s finance function including management reporting framework is efficient and organized.
• Planning and forecasting financial goals and budget for all departments, scrutinizing KPI’s that involve implementing index of acceptable financial performance while monitoring efficiency of all financial operations and models.
• Formulating financial manuals/ policies along with forecasts for group/ region on monthly basis as per monthly business planning cycle process. Re-organizing processes for optimal utilization of financial structures.
• Evaluating complex financial information/ reports including actual vs. budget analysis (consolidated and SBU wise); establishing trends, identifying deviations and ensuring any technical downsides are adequately compensated.
• Pioneering preparation of P&L statement, including capital usage, cash-flows, budgeting, payment/ banking and collating financial information from 5 companies and more than 100 agencies to formulate consolidated financial statements/ reports of branches in compliance with IFRS and GAAP.
• Reviewing the adequacy and application of internal controls through corporate operations, facilitating smooth execution of fiduciary audits jointly with external auditors while managing development and refinement of credit collections systems.
• Closely monitoring the business environment with key emphasis on pricing, competitors and other factors influencing business performance while engineering cost effective mechanisms that minimize potential financial risk.
Management Responsibilities:
•Piloting operations and formulation of short-term/ long term business plans for sub offices a branches while organizing and aiding tactical resources and strategies for attainment of financial targets/ deadlines.
•Offering financial leadership and guidance to all departments and executive management. Researching and interpreting organizational policies for resolving operational issues.
•Generating financial reports that highlight the group’s financial stability/ liquidity/ growth, analyzing the same against the set parameters while aligning all the systems/ procedures having an impact on financial soundness of the organization.
•Cultivating professional relationships with auditors, solicitors, bankers, business partners; resolving discrepancies and facilitating any document/ information required by them to ensure smooth accomplishment of business functions.
•Ensuring employees are aware of the internal control key activities within their area of responsibility. Developing high profile team by periodically recruiting, training, counseling and motivating employees to maximize on their potential.
•Keeping abreast of latest advancement in the finance and accounting environment including, market trends, industry practices and general economic conditions to respond to distinctive needs of the organization
•Coordinate and lead the annual audit process, liaise with external auditors and the finance committee of the board of directors; assess any changes necessary.
•Oversee and lead annual budgeting and planning process in conjunction with the ED; administer and review all financial plans and budgets; monitor progress and changes and keep senior leadership team abreast of the organization’s financial status.
•Manage organizational cash flow and forecasting.
•Implement a robust contracts management and financial management/ reporting system; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements.
•Update and implement all necessary business policies and accounting practices; improve the finance department’s overall policy and procedure manual.
•Ensure that recruiting processes are consistent and streamlined.
Highlights:
• Successfully established ERP - Microsoft Dynamics GP 2010 R2. Personally supervised migration of data from old to new system.
• Closely monitored milestones for US Government projects to compute invoices, established a rigorous follow-up with DFAS to receive timely payments for the same.
Key Responsibilities:
• Pioneered a team of managers to improve current and future financial performance of the organization with respect to accounting, payroll, costing, budgeting, payment and banking concurrently enforced strict financial discipline.
• Constructed an accounting framework by creating a chart of accounts; providing financial feasibility studies and executive financial performance summaries to aid in strategic decision making.
• Established and maintained internal financial controls for organization’s operations and financial systems, led activities from conception to completion with regards to budgeting and financial forecasting for all sub-offices.
• Defined financial objectives and scope of work in alignment with organizational goals, assumed total responsibility for execution of organization policies and procedures by providing financial leadership and guidance to other departments.
• Synthesized complex information that involved compilation of statistical information to develop daily revenue reports and integrated accounting operations for all branches to maintain consistency within stiff deadlines.
• Facilitated in smooth execution of fiduciary audits jointly with external auditors, oversaw implementation of all audit recommendations to enhance the operating efficiency of all work policies/ processes.
• Accomplished HR objectives by managing high profile team; conducted timely performance appraisal and provided constructive feedback for performance enhancement.
Highlights:
• Instrumental in formulation of complex financial reports with total accuracy and precision involving USAID, UNICEF, EC, ECHO, Global Fund in sync with Organization and Donor regulation and requirements.
• Chaired wide spectrum of activities involved in acquiring and administrating grants and sub-grants, while striven to ensure accuracy and integrity of all records/ database of grant management function.
• Played a crucial role in managing payroll for over 2000 employees on monthly basis and ensured all employee obligations are adequately disbursed on time.
Key Responsibilities:
• Compiled all information from routine business activities to formulate relevant financial statements, balance sheet reconciliations, BL codes reconciliation including cash books, bank books and journal vouchers for all field offices in the region.
• Ensured that the organization’s cash flow is adequate and organized, forecasted cash requirements from field offices; anticipated challenges arising from limited cash flow and prepared consolidated cash-flow requests to HQ.
• Reviewed purchase orders/ purchase requests and facilitated timely payments to outstanding creditors backed by requisite approvals/ documents in line with Merlin policies, procedures and project budgets.
• Administered routine accounting functions like reviewing vouchers, preparing checks, maintenance of bank-book, monitored outstanding checks and liaised with banks to resolve queries and facilitate requisite documents.
• Devised annual budget for various business activities, scrutinized business processes, prepared budget vs. actual reports, identified variations and reported the same to project managers and senior management along with corrective actions.
• Responded to all HQ queries in an expedited manner, performed feasibility studies and facilitated in formulation of core financial and general business strategies.
• Conducted audits to certify accuracy, integrity of all financial records/ database and assess the effectiveness of current working practices, updated senior management on risks identified and recommended requisite actions to be taken.
Highlights:
• Key person for computing key financial indicative metrics for strategic analysis and interpretation by internal management and donor - USAID and World Bank.
• Proficiently managed sub grants operations for USAID funded projects.
Key Responsibilities:
• Piloted a team of 6-8 members to execute functions like finalization of financial statements, payroll, and costing, budgeting, monthly reconciliations and analyzed these for conformance to various accounting standards.
• Extended financial training at field offices, established financial objectives and scope of work in alignment with rules and regulations of donor requirement; provided financial leadership and guidance to other departments in the organization.
• Ensured compliance to all rules/ regulations and protocols by conducting regular/ special compliance checks. Prepared reports with analysis and conclusions for improvements while highlighted any severe issue that required necessary attention.
• Performed extensive scrutiny encircling sensitivity/ scenario/ variance analysis in addition to review of cash book, bank book and journal vouchers for all field offices of the country.
Key Responsibilities:
• Devised/ implemented all aspects of financial analysis and reporting, including budget planning, consolidation forecasting, monitoring KPI and strategizing finance process improvements across NWFP region.
• Coordinated all aspects of banking operations including review of vouchers, preparing checks, updating bank-book, preparation of bank reconciliation statements, facilitating vendor payments, and following up on outstanding checks.
• Handled entire operational remit of core accounting functions including payroll, costing, payments/ banking and resolved any financial queries/ discrepancies faced other departments in the organization.
• Maintained financial security by establishing internal controls generated various analytical reports for strategic analysis and interpretation by top management on regular basis.
Completed Intermediate Level
