Finance Manager
Sands Industries Plastic LLC
مجموع سنوات الخبرة :16 years, 9 أشهر
Responsibilities:
• Drove efficiency improvements and exercised effective control over accounting operations.
• Collaborated with key internal stakeholders to prepare annual budgets and forecasts, tracked actuals, and provided Variance Management Information System (MIS).
• Conducted a comprehensive analysis of product costs in collaboration with procurement, product, and operating teams, identified opportunities for cost reduction and efficiency improvements, and supported teams in implementing initiatives.
• Analyzed variances between actual and standard costs, identifying areas requiring immediate attention to enhance cost control effectiveness.
• Developed insightful reports on product costs, profitability, and efficiency to facilitate informed decision-making by management.
• Managed inventory accounting, including valuing raw materials, work in progress, and finished goods, ensured regular inventory audits and reconciliations.
• Strived for system improvements to enhance MIS for key internal stakeholders, monitored and ensured compliance with existing internal Standard Operating Procedures (SOPs), and drafted SOPs as per management needs.
Achievements:
• Accelerated closure of the 2022 financial audit within 3.5 weeks, ensuring full compliance with statutory audit requirements in the UAE.
• Successfully coordinated with auditors to finalize the 2022 ICV audit, obtaining an ICV Score certificate for a competitive edge in the UAE market.
• Streamlined 2023 BOA recording, overcoming ERP challenges and reducing book closing timelines from 10 to 6 days for transparent financial views.
• Implemented comprehensive monthly dashboards/MIS, covering key metrics for well-informed decision-making by management.
• Played a pivotal role in securing business finance for the group CFO through reputable P2P lending platforms, marking a significant achievement in effective financial management.
Responsibilities:
• Executed month-end books closing activities & filed Income Tax Returns for Indian taxpayers.
• Prepared in-house financials (P&L and B/S) and provided MIS reporting.
• Consolidated data for filing UAE VAT & Indian GST returns.
• Ensured compliance with financial regulations in both UAE and India.
Responsibilities:
• Conducted financial modeling for PSP, AOP, and rolling forecasts.
• Generated commercial finance reports in accordance with Desktop Procedures (DTPs) and maintained regular updates to align with process changes.
• Provided management reporting with insightful commentary on variances and business performance against Key Performance Indicators (KPIs).
• Developed what-if and scenario analyses to enhance decision-making processes.
• Ensured the timely and accurate submission of reports, data, and ad hoc analyses to the relevant Business Unit, adhering to agreed Service Level Agreements (SLA).
• Collaborated with the operations team to identify and implement process improvements, tracked and measured Supply Chain Management (SCM) savings, and played a role in network restructuring plans to reduce overall network costs.
Achievements:
• Achieved a significant reduction in the company's overall network cost through successful network optimization initiatives.
• Lowered transportation costs for the company by implementing the One-ITC Project.
• Realized cost savings by introducing and implementing a payment system based on E-Acknowledgements, resulting in faster payment processing and discounts.
• Leveraged Port Data Analysis to deliver Management Information System (MIS) reports identifying potential new customers for the company.
• Streamlined the books closing process, reducing the cycle time from 8 days to an efficient 4 days.
• Demonstrated leadership as a power user in spearheading the SAP implementation, monitoring the smooth movement of data within the system.
Responsibilities:
• Analyzed & timely communicated monthly cost statements, factory daily reports along with performance metrics.
• Prepared monthly and weekly review meeting reports with variances between budget and actual performances.
• Reviewed stock movements and conducted periodical PV of stocks.
• Scrutinized Capex proposals & reviewed CWIP status.
• Verified and accounted all supplier bills.
• Ensured maintenance of costing records.
• Conducted Audits: Procurement to Payment, Production Operations - Control, Marketing, Compliance (Statutory and Internal), Systems, BOA, Inventory and Asset Management.
Achievements:
• Supported corporate costing team for development of stock reconciliation statement reports at plant.
• Successfully cleared Cost audits without any observations.
• Monitored & cleared long-pending CST Certificate receipts as well as issuance towards inter-state sale and purchase transactions.