Sr. Finance Manager
Emirates Flight Catering
Total des années d'expérience :22 years, 4 Mois
>> Sections managed - Treasury, Accounts Payable, Receivable, Payroll
• Restructured the finance team and streamlined procedures that significantly improved efficiency and reducing cost.
• Refined the cash flow forecasting model, leading to more efficient utilization of funds
• Negotiated with banks on facility terms and pricing
• Initiated and Implemented online payments to Suppliers and Staff,
• Directed payable management, revised the procedures for smooth, timely and accurate payments
• Formulated the Credit control and Debt recovery procedures, improved the debtors days from 65 days to 40 days
• Turned around the payroll function, reduced the process time by 5 man days
• Established control procedures for F&B business resulting in improved profitability
• Revised the accounting procedures and internal controls
• Managed the FX exposure through forward booking and deals, reduced the project cost by AED 1.5M
• Advise on project feasibilities, funding and negotiations with financial institutions.
>> Functions handled - GL, Budgeting & Costing
• Designed and set-up the accounting system for EKFC. (Result: Accommodated the needs of its expansion with adequate controls)
• Implemented ERP system, Super user for Finance. Recognized for active participation and contribution (Result: Successful Implementation of ERP within the set timeframe).
• Established Corporate and Departmental KPIs for effective performance monitoring
• Set up ‘Excel’ based budget model (Result: Cut down the budget finalization date by 2 weeks, improved accuracy & quality)
• Led the implementation of Standard Costing method and manufacturing accounting
• Streamlined month-end reporting process
• Preparation of Audit reports
• Preparation of Project reports
• Credit worthiness assessment on behalf of banks for loan approval
• Assessment of income tax and filing of return