Finance/Accounts/Operation • Senior level
Modern Building Technologies Technical Services LLC
Total years of experience :23 years, 8 Months
• • Streamlined overall operational activity to emphasis:
To quicker response cycle to company’s key stack holder (Client/Supplier/Top management/Bank).
Expanded company database of client/supplier/sub-contractors.
Improvise company cash flow management system to gain more realistic picture.
Minimized operational cost by 15%
Advise; formulate sales and marketing strategy to gain more contracts.
Monthly P&L analysis: highlights key variances and expectation and provide accurate analysis.
Preparation of project budgeting and costing, analysis of project P&L.
Account reconciliation - day to day accounting task, monthly, yearend closing.
Liaising with banks for LCS other banking transaction.
Providing strategic planning on company financial as well as operation acitivites.
• HR management (Policy/ recruitment process/ staff management).
•Formulated and implemented overall operational strategy of the company to achieve strategic goal. (HR/Admin/ Accounts-Finance).
• Liaising and negotiation with banks for various financial needs of the company.
• Increased internal resources capacity with help of various operational tools and with improvising in technology.
• Re-structured finance department and HR department policy to get management goal.
• More than 1500 Employees directly reporting.
• Developed and maintaining various operating procedures for business.
• Analyzed policies and ensured compliance to ISO guidelines.
• Providing training to accounts, HR and other admin staff administrative staff as per company policies and procedures according to same.
• Design & Implementation of HR policy per Dubai EXPO2020 guideline
• Performed audit on all invoices and approved it.
• Monitored and controlled all department activities.
• Maintained effective relationships with staff members.
• Facilitated in maintaining knowledge on technology and conducted studies.
• • Promote the company brand to key buyers, ensuring their knowledge is current and appropriate
Generating new business both in face to face meetings and over the phone.
• Writing up concise, value-based sales proposals.
• Replying to all customer inquiries in a timely and accurate manner.
• Writing up sales reports, activity reports and revenue forecasts.
• Completing all documentation and administrative records, fully and accurately.
• Developing and maintaining a database of all contacts.
• Handling AP/ AR and GL of the Company
• Advising Company on Finance matters.
• Providing MIS report as and when require
• Handling Tax matter of the company
• Liaising with customer and supplier
Prepared a Multi-million budget for a Hive Technology project of the group and also set up accounting and financial system.( Now Hive is operating in UAE, QATAR, CYPRUS, LONDON, USA, INDIA)
In charge of managing and supporting the Financial System and operation of more than 3 Companies.
Liaising with banks, other Financial Institution External Auditors,
Providing accurate financial information to the Management
Identifying areas for cost cutting and improvement.
Ensuring that all financial controls for the division are met and adhered to at all times.
Giving advice, guidance on all financial matter to the company directors.
Budgeting & costing for the company’s various Brands.
Inventory Management and Cash-flow management of the entire group.
Forecast requirements; prepare an annual budget; schedule expenditures; analyze variances; initiating corrective actions
Develop operations systems by determining product handling and storage requirements; develop, implement, enforce and evaluate policies and procedures; develop processes for receiving product, equipment utilization, inventory management and shipping
Administration of all company affairs.
Overseeing the entire gamut of financial functions of the organization.
Ensuring the integrity of financial information and systems for this group.
Entrusted with the responsibility of:
o Training the staff and upgrading the financial and administrative infrastructure as per the requirement of over AED 500 min. turnover organization.
o Formulating budgeting, forecasting financial planning and analysis, financial accounting and all other general accounting function.
o Analysing complex financial data and extracting and define relevant Information; interpret data for the purpose of determining past financial performance and to project a financial probability.
Liaising with external auditors, banks & Other related Authority
Efficiently handling the development of unrestricted funds budgets, contracts, revenues.
Monitored all accounting and business information of the firm to ensure that all the required standards and expectations are fulfilled.
Directing the preparation of:
o Monthly Variance report of budget against original pricing model of the major project & provides the necessary information to the management.
o Yearly projected cash-flow & other financial reports of the company full variance explanation for internal & external purpose.
o Quarterly P/L Statement & Balance Sheet Statement, MIS Report & Fund Flow Management.
o Review of Credit Facility with bank, creditors & negotiation for the same
o Advising & finalizing terms & condition with sub-contractor, lease agreement
Overseeing & taking care of fixed asset account & fiscal verification of asset
Key role in:
o Organizing work groups for maximizing the benefits and problem in the ERP system.
o Developing complex financial reports for forecasting and results analysis.
o Oversee the receipt of payments from Debtors and participate in the development of payment schedules.
o Evaluated the annual budget and defined certain guidelines to manage the expenditure of the firm.
o Confirming the anticipated promotions and other increases are calculated into the cost of project.
o Introducing the finger print attendance system & facilitated online salary transfer for 2000 employees to ease payroll management.
o Completing WPSD as per UAE labour law
o Restructuring the accounting system of company and developing new financial system of the company
Directed the revaluation of year end current asset as per the market price & write off its results.
2000 to 2005 with Sheetal Engineers
Accountant
* Actively involved in: o Putting in place the MIS report and fund flow statement of banking transaction.
o Preparing bank reconciliation statements and monthly cash flow
o Preparing fund flow statement.
* Conducting internal audits & managing accounts till the finalization and preparation of Monthly & Quarterly Balance Sheet and Profit & Loss Account.
o Computation and Preparation of Quarterly & Yearly TDS.
* Facilitated inventory control on fast, slow and non-moving items (ABC analysis), tracking on shortages, reconciliation, vendor's catalogues and adjustments and disposal.
* Capably handled: o Generation of reports on accounting and financial information on company's activities,
o Recommending modifications to accounting systems for maximizing productivity, reporting and internal controls.
* Performed: o Fiscal year-end and fixed asset accounting as well as annual and mid-year budgets.
o Monthly close processes to increase accuracy of recording financial transactions and analyzing results in a timely manner.
* Coordinated with the with auditors and banks.
* Marked wire transfers and journal funding transfers and reconciled monthly bank statements.
* Monitored grant revenues and expenditures, ensured data is recorded in the co.'s financial accounting system.
* Managed reimbursement billings and tracks receivables; reconciled monthly accounts receivable.