Senior Financial Analyst
Ajman Properties Corporation
Total years of experience :13 years, 2 Months
Leading the team at group finance and oversee all financial transactions including areas of MIS, Accounts Payable, Receivable, Construction Projects, Fixed Assets, Payroll, Inventory and GLs.
Overseeing Financial Performance by monitoring the budget and performing variance and comparative analysis and Reporting to CFO and Management on monthly basis
Conducting and reviewing month and year end closing of Books of Accounts and presenting it to management within the deadline.
Producing and analyzing financial plans, Cash flows, and Entity wise reports to CFO and Management on monthly and quarterly basis.
Ensure liaison with other departments including IT, Procurement, Leasing and Sales to prepare annual budgets and analysis of their monthly reports
Liaising with and fulfilling the requirements from External Auditor, Real Estate Regulatory Authority (RERA) and Financial Audit Authority
Reviewing Related Parties balances and Shared Services Transactions and Reporting entity wise Trial balance to the Management.
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Ensuring the timely completion of Quarterly Tax Returns and Adhoc Reports to Management
Monitoring inventory reports and movements, reviewing stock discrepancies and inventory levels
Review of Payroll of Staff and monthly reconciliation
The Company is one of the largest sugar refineries in the world. Currently, it contributes to about 3% of global annual refined sugar production. Our products are regularly exported to over 50 countries, including the regional countries in the Arabian Gulf Region.
Job Responsibilities includes but not limited to;
Management and Financial Reporting :
Preparation of monthly management accounts
Preparation of periodic financial reports for external and internal purposes
Month End/ Period End Scheduling, Adjustment and closing
To ensure transactions are correctly accounted for and reflected correctly such as Depreciation, accruals & Prepayments.
To ensure that all pending entries are posted and all transactions are accounted for properly.
Review of GLs for any unusual variation
Accounts Payable :
Management of Accounts Payable, including but not limited to, liaising with all vendors and replying/solving their queries with respect to their payments and invoices.
Responsible to maintain and reconcile all related parties accounts and posting transactions.
Posting and verifying the supplier invoices after detailed checking with LPO and supporting documents and approvals.
Reviews detailed monthly expenditures reports for each department, prepares adjusting entries as required.
Monthly analysis of Payables Ageing report, advances to suppliers, Open POs, Long Outstanding balances.
Costing and Stock Management :
Reconciling and analyzing monthly stock, bags and consumables and recommending the appropriate adjustments to Finance Manager.
Monthly updating of cost, calculation of actual overheads and variance analysis.
On an annual basis undertaking stocktaking and Assisting in Annual Audit.
Prepare reports for management like Cost Centre report, Exchange Gain/Loss, Age Debt Analysis, fund forecasting and budgetary etc.
Responsible for reviewing and preparing all utility payments of Head Office and Refinery.
Maintaining Provisions for Air ticket/gratuity/leave salary in coordination with HR.
Verifying and posting of HR payments including Final settlements, Leave Salaries, Overtime and Incentives.
Credit Control and Receivable :
Monitoring the collaterals received for their due dates & expiries (bank guarantees / PDC etc
Sales /Contract release in SAP on the basis of credit limit / fund receipt.
Monitoring the credit limits of the customer and checking the credit worthiness of the customers. Coordination with Dispatch & Marketing Department for delivery / sales planning
Sales / Contract release in the system on the basis of credit limit/ fund receipt.
MIS and Analysis :
Preparation of monthly cost analysis for management / trading department
Working capital calculation
Assist management in preparation of annual budget and strategic planning
Bank Reconciliation and Customer/Vendor Reconciliation Statements.
Assist management in preparation of annual budget and strategic planning
Attachments Electronics deals in electronics accessories with a well-known brand “Pure lines” since 2009. Our Key Business Partners are Sharaf DG, Plug Ins, Eros Electricals, Samsung Stores, E City, Axiom and other key power retail stores in UAE.
Job Responsibilities includes but not limited to;
Audit and Accounts
Management of Books of Accounts (i.e. Maintain Creditors, Debtors, Inventory and Cash & bank books, ) using QuickBooks Enterprise Solution.
Properly record the Assets of the Company and posting related acquisitions, disposal and depreciation entries
Journalizing day-to-day transactions, bank and journal vouchers, creditor payments, client receipts, foreign currency transactions.
Prepare monthly payroll in adherence to the WPS, preparation of SIF File, payroll processing and closing activities.
On an annual basis undertaking stocktaking and Assisting in Annual Audit.
Accounts Payable/ Receivable
Preparation of utility payments, prepayments and accruals on monthly basis
Preparation of gratuity schedules and leave salary, as well as outstanding dues on a monthly and yearly basis.
Invoicing, Issuing credit note to all customers and ensure timely payments by following up.
Prepare monthly payroll in adherence to the WPS, preparation of SIF File, payroll processing and closing activities.
Recording and verifying LPO and GRNs
Reconcile customers or vendors statements and correct discrepancies if any
Inventory and Reports
Analysis of revenue from major clients and advise the management accordingly
Prepare and analyze the weekly sellout and stock report form all the retailers
Preparation of suggested order weekly basis for all retailers.
Keeping an eye on stock movement and report and suggesting management appropriate action required.
Management of stock deliveries and related documents required.
Cash and Banks
Responsible for ensuring the accuracy/validity of all Petty Cash Vouchers and recording of all cash dispensed and reimbursement of Petty Cash Float.
Preparation of monthly Bank Reconciliation Statements.
Logistics/Shipping
Understand general shipping procedures
Knowledgeable of Bill of Lading, DP World Stevedoring and Port Handling, HS CODE, documentations such as Invoice, Packing List, COO, freight insurance policies and BL/AWB
Checking and monitoring ETA, ETD, customs clearance coordination, deliveries, and keeping correct logs of all shipments.
Ability to read and interpret contracts, shipping orders, invoices and shipping documents
Job Responsibilities includes but not limited to;
Prepare journal entries and vouchers, record transactions on Peachtree Accounting Software.
assist with payroll administration
Documentation and filling of all accounts information and transactions.
Processing Purchase Orders and handling and writing checks
Sales Order processing, compiling and sorting invoices, and post and reconcile customer payments to general ledger.
Maintaining the stock record.
Managing petty cash transactions and preparing the weekly and monthly petty cash report.
Assist in month end financial statement closing.
ACCA Qualified 2012 SKANS School of Accountancy
Punjab College of Commerce, Lahore 2009 Graduation (B.Com)
Punjab College of Commerce, Lahore 2007 Intermediate (I.Com)
Govt. High School, Awan Town, Lahore 2005 Matriculation (Science)