Finance Manager
Globev Investments Limited
Total years of experience :16 years, 7 Months
Key Responsibilities:
1) General Ledger & Accounting- Responsible for the coordination of General Ledger and accounting entries for the group- AP and AR Management, advise control on policies with Debtors Management, Liquidity Reporting on daily and monthly basis.
2)Consolidation of Financial Statements - The Key responsibility is to consolidate and present the financial statements to the Partners and to present the overview with exceptions.
3) Month end Closing- Responsible for overview and control the posting the journals for month end including the accruals, maintaining Fixed Asset Registers, Bank Recon and analysis of the Trail Balance and Profit and Loss Statements with reviews and exceptions and advise the team accordingly for efficient and effective results.
2)Business Plan- To analyze and prepare the business models for the new projects to have the feasibility study and the ROI of the project for the Top Management.
3) Partner’s Summary- To present the Partner’s summary for the Cash position and equity of each partner.
4) Group Accounting- Handling the group accounting which includes the cash flow requirements, liquidity position, payables ageing and the Debtors ageing.
5)Managing Reporting - To prepare, analyze the financial forecasting reports for effective decision making for management.
Key Responsibilities:
Accounting:
Major responsibilities in AP and AR, Budget Planning, Liquidity Management, Management Reporting are outlined below:
a) Accounts Payables-Responsible for timely and accurate processing of vendor payments, review of payable ledger to reflect the aging of liability and outstanding balances. All the transactions are based in oracle tools of financing.
b) Accounts Receivables- Responsible for allocation of cost center for the all the remittances received for the physical shipments, to review that payments are received in line with the agreements with the company and delay and to make sure funds are received in advance before the shipments are executed as gold is high risk and cost of transfer and maintenance is high.
c) General Ledger-Responsible for booking and reviewing all the transactions in general ledger. Analyze revenues, commissions and expenses to ensure appropriate booking and reconciliation on monthly basis and incorporating in the management report.
d) Preparation and reporting of Quarterly and year-end Balance sheet and profit and loss statement
e) Budget & Control- To prepare and analyze the budgets for the Physical shipments of precious metals and to present the variance analysis to for effective decision making.
f) Policies & Procedures- Responsible to ensure effective implementation of accounting policies across all intercompany.
g) Internal & External Audit -To assist and to ensure smooth transition of the Internal and External audits.
Finance: Responsible for the company’s financial activities and the middle office tasks for the trading desk-
a) Reporting of Liquidity management which insights the short term working capital requirement for the company
b) Margin /Risk monitoring for the Clients net equity
c) Daily and monthly swaps for the currencies and metal positions for clients and reviewing and posting of monthly P/Land reconciliations
d) Effective Interaction with Banks for daily netting (swaps-tom next positions) and confirmation.
e) Manual checks for the trades (derivatives, Futures, forwards and Spot) booked in the accounts
f) Monitoring and reporting of daily Trading and Physical Trading P&L to the management
Monthly and Statutory reporting:
a) Detailed Analysis and preparation of income and expenses on monthly basis and reporting to the Management
b) Review of cost allocation and overhead costs and allocate the resources efficiently
c) Preparing and monthly cost reports to analyze the variances with the budget.
d) Work closely with all the departments to analyze the variances to ensure minimal differences.
e) Review the bottlenecks and hence taking corrective actions.
f) Responsible for assisting in the interim and year-end financial audit of the company
g) Analyze revenues, commissions and expenses to ensure appropriate booking and reconciliation on monthly basis
h) Assist in documentation and monitoring the internal procedures and all schedules are followed within the framework of accounting policies and procedures.
i) Preparation of quarterly and yearly financial statements -Balance sheet, Trading and Physical P/L, Cash flow statements and other reports
j) Reporting-Monthly reporting of the company P/L to the management and also involved in statistical report for the Group of companies.
k) Fixed Assets Register- Maintain the fixed asset register to track the value to the assets at present date and to apply the depreciation as per the global standard procedure of the company which falls within the accounting standards.
l) To ensure and prepare the bank reconciliations are prepared on daily and monthly basis to have the most accurate liquidity position.
Key Responsibilities:
Controlled the Accounts Payables process consisting of Handling Vendor Payments, Controlling Payments Cycle, and Guiding Overseas Teams for the invoice booking and approving invoices.
Managed the Payables Profile combined with a higher degree of owning responsibility.
Key Responsibilities:
Monitored dual functional processes logistics in costs of freight, warehousing, and customs, budgeting, and LE plans.
Delivered services on Ringtones, SMS, 5555, Nokia Life Tools, and Applications.
Ensured Planning Accuracy, an analysis and comparison of the level of planned volume achieved, and a comparison with past budgeted figures of one month and with quarterly budgets aiding in further plans.
Managed EXOB Global Reporting via obsolete and damaged stocks provisioning every month which in course had to be scrapped off.
Offered a range of services via Nokia life Tools through various operators, demanding consolidation of region-wise data combination and following the whole circle until the payment is received, consisting of data for various applications.
Piloted Channel Reporting, a reporting for Regional Controllers with detailed working for stocks flows via diverse channels at different regions for various products, presenting a concrete picture of performance of Indian units.
Supervised Month-End Closing Activities like Direct Costs flowing into G/L allocated into different costs and regions and provided the splits to Regional Heads to account for the appropriate provisions during month end.
Handled the provisions and accrual for Services, Applications, and other Logistics to be appropriately computed for entry into P/L for the month.
Ensured Inventory Plan with Customs Duty and Other Direct Costs, including warehousing cost and DOA/DAP cost, to be apportioned on a monthly basis.
Oversaw the DSNM-LE Balance Sheet, COGS, Goods-in-Transit, and Finished Goods.
Monitored the Balance Scorecard, a comprehensive analysis of the entire range of Logistics KPIs.
Key Responsibilities:
Managed the Global Receivables for the multiple projects teams functioning across the world.
Allocated funds to the Cost Centers and reconciled the posting of the refunds like Tax Refunds, Expense Refunds, and Refund to Vendors.
Reconciled the aggregate amounts received in bank accounts along with their postings in accordance with coding.
Monitored the Cost & Labor Reporting for Netherlands via Internal Order Reporting, Weekly & YTD labor hours, Cost Centre Performance Summary, and Drill Down Reports on monthly basis for Finance Controllers across Fluor Offices.
Handled SOX Compliance by reviewing and approving Cash Verification Report (MIS) & JV Log to indicate the pending status of remittances on weekly basis.
Verified Status Report mentioning pending status