Group Financial Controller
Avivo Group
مجموع سنوات الخبرة :18 years, 5 أشهر
Key Areas of Exposure:
Financial Reporting, Financial Planning and Analysis
Monitoring maintenance of books of accounts at the Group including AR, AP, Fixed Assets and GL functions and
ensuring adherence to accounting Standards and internal policies & procedures.
Ensuring the closure of books of accounts within the month end deadline.
Reviewing subsidiary monthly MIS’s and ensuring the proper accounting at each subsidiary level.
Managing the monthly consolidation of Group financial statements including disclosures as per IFRS.
Review and discussing the MIS reports on monthly basis with Business Head and taking the corrective strategic
measures to improve the numbers to be in sync the budgets.
Preparing various technical accounting papers in relation to IFRS i.e. Goodwill impairment, impact from new
accounting standards issued but not yet effective and present to the management.
Budgeting and monthly business review and profitability analysis of all the subsidiary companies at group level.
Involving the annual budgeting and forecasting process and set the budgets to meet short term, medium term and
long-term strategies of the Group.
Preparing various Financial analysis to support with strategic development and key business decisions
External & Internal Audits and reporting to Audit Committee
Managing the statutory audits of the Group entities and liaising with various auditors, i.e. PwC, Deloitte, BDO, etc.
Reviewing all audited financial statements including the Group and its subsidiaries.
Managing the internal audit function at the Group and setting up internal Controls and procedures. Moreover,
coordinating with various external consultants in relation to the internal audits.
Attending to the Audit Committee meetings and presenting on Internal Controls, financial reporting function,
compliance to IFRS and impact from new IFRS’ to the Group financial statements/budget.
Implementing Enterprise Risk Management (ERM) at Group level and acting as the Chief Risk Officer.
Treasury and Working Capital Management
Building and maintain strong relationship with banks.
Bank Account Management; bank Account opening/closing administration for managing bank mandates, bank
signatory documentation and administration.
Supervising the weekly/monthly projected cash flow preparation and reporting to the management.
Improving Group cash flows by monitoring & reducing in trade receivables collection days, increasing supplier
payable days and reducing inventory levels.
Accounts Payable and Receivables
Approving all payments of the Group by ensuring that the all payments are supported with proper documents.
Reviewing and approving monthly payrolls of all Group entities. (Payroll approval process is centralized at Group
level).
Reviewing the Group receivable ageing analysis and coordinating with respective personnel for long outstanding
balances.
Attending to the receivable collection meetings to ensure that the monthly collection target is met.
Systems, Policies and Procedures
Overall responsible for implementing Internal Controls and Financial Controls in the Group.
Implementing new departmental policies and procedures, and monitoring employee adherence.
Managing periodic inventory count process.
Managing surprise cash counts and inventory counts and report to the management.
Restructured the entire Accounting and Finance Department to improve efficiency and reduce the man power cost.
Reviewing and evaluating for cost reduction opportunities and implementing of change initiatives, programmes,
and projects.
Value Added Tax (VAT)
Ensuring adherence to the applicable VAT Laws, rules and regulations and monitoring the staff to ensure that the
accurate VAT transactions are maintained in the accounting systems.
Reviewing all required VAT returns, supporting schedules and any documentation that to be submitted to the
Key Areas of Exposure:
Provided technical contribution to clients in a lead role in both financial and non-financial service sectors
Prepared and submitted engagement proposals to win and obtain new engagements from clients
Established, maintained & strengthened internal and external relationships, execute complex advisory engagements,
supervised junior team members and helped define strategy
Liaised with Group Finance Directors, CFOs’ and Financial Controllers and participated for planning Inquiry
meetings and final audit meetings
Understood the business risk and the audit implications,
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