Accounts and Finance Manager
Bhatia Brothers Group
Total years of experience :20 years, 5 Months
Current Role:
Leading Accounts & Finance team of 8 members across Dubai, Qatar and Oman.
Designing, reviewing and modifying accounting systems & standards. Ensuring accuracy of data and strict adherence to International Accounting Standards.
Design internal control systems for all departments to ensure the safeguarding of company assets
Preparing team/ company wise budget basis various market conditions & scenarios.
Monitoring day-to-day accounting transactions and ensuring that international accounting standards/ company policies & procedures are properly followed
Monitoring cash flow and rolling cash flow forecasts on regular basis in order to avoid default situations
Ensuring proper charge of overhead expenses, availability of reasonable financing facilities
Sending monthly and quarterly management reports to the Top Management
Key Highlights:
Worked closely with the Leadership Team as part of a mutually supportive senior management team and advised on financial consequences of all proposed courses of action.
Effectively analyzed monthly business results, made comparison of actual results with budgets and identified reasons of variances.
Finalization of financial accounts and provided the same to the Auditors for yearly audit.
Participated in group consolidation of final balance sheets on yearly basis and submitted the same to the management with detailed ratio analysis.
Assisted the management in decision making by providing analysis of every course of action.
Introduced and implement debtors’ collection plan for old receivables and stock disposal plan for old stock, with the help of operation team, which increased working capital efficiency.
Implemented MIS system for monthly review of sales and financial performance of the company which helps timely measures in case of deviation from the targets.
Worked on business plans and carried out feasibility studies for assessing new business opportunities in varied areas of Pakistan and Abroad.
Carried out trend analysis of key performance indicators of the company.
Handled budget preparation and forecasted plans regularly.
Led identification & correction of errors, computation of accruals and applied accounting principles to transactions for recommending revisions in departmental accounting procedures.
Performed economic and financial research & analysis of internal & external issues related to sales, gross margin, rate of return, working capital, investment, financial performance and other financial metrics.
Anticipated deviations from business plans and raised timely flags to avoid negative results.
Ensured budgetary control before authorization of expenditure (CAPEX & OPEX).
Oversaw generation of monthly overheads variance analysis (budget vs. actual) reports.
Kept a close eye on latest industry / economic trends and norms.
Ensured conformance with applicable Laws, Board polices and General Accepted Accounting Principles.
Effectively designed internal control system for all departments to safeguard company assets.
Assured continuous monitoring of company’s actual expenditure versus budget.
Provided all types of financial and performance reports to the Top Management.
Scrutinized Purchase Orders (CAPEX/ OPEX) and ensured adherence to all set procurement policies & parameters.
Gathered and correlated basic information using established and defined financial procedures.
Implemented project control measures to meet budget and timeline.
• Management of the payment to Local customers i.e. to employees for traveling and daily allowances.
• Arrangement of payment to foreign currency suppliers.
• Maintaining the record of bank debit advices/ direct transfers and preparing periodic report.
• .Calculation of project wise and departmental profit/ loss on quarterly and annual basis.
• Recording, controlling of expenses and preparing reports for the director. Preparing reconciliation statement.
• Preparing budgets for the traveling expenses and analyzing variances with actual expenses
• I was responsible for the management of all courses including C.A, ACCA, MBA etc.
• Work as active member of the syllabus finalization committee and responsible for the courses of accounts, Finance, cost and Management Accounting.
• Responsible for the student counseling regarding academics matters, also responsible for the student teacher coordination.
• Teaching of Financial Accounting, Financial reporting, Cost and Management Accounting and Financial Management at various level, e.g. C.A, ACCA, MBA, M.Com