Senior Finance Manager
Best Paints FZC
Total des années d'expérience :19 years, 10 Mois
Managing the finance function of the manufacturing unit, (Best Paints FZC) located in Sharjah
Freezone.
Dealing with Board of Directors in development of corporate strategy in line with Group.
Developed and presented annual budgets after taking departmental feedbacks.
Developed product costing, batch costing and variance analysis with actual cost reports.
Preparation of monthly, quarterly cash flow forecasts for companies.
Worked on inventory management measure in ERP module for reorder levels. Minimum levels, and
performed monthly inventory counts and report discrepancies.
Working closely with
Managing and driving a team of 10+ accountants for monthly and quarterly financial closing.
Involved in daily accounting activities, approvals of payments, reconciliations, dealing with banks on daily transaction.
Working on monthly, quarterly cash flow forecasts for projects and any delays in project completion.
Closely working with engineering teams for collections of due payment certificates and dealing with consultants for stuck up receivables.perform and monitor inventories at project levels.
Worked closely with project management teams for budgets and actual milestones of projects and variations.
Leading finance in the development of SOPs and financial KPIs and IFRS compliance.
Dealing with VAT consultants and FTA timely submission of VAT returns.
Working with ERP Consultants and VAT Consultants for modifications in accounting systems.
Preparation & presentation of monthly management report for the financial performance of all companies within the group after closing of books of account
Liaison with external auditors for successful completion of external audits and ensuring IFRS compliance.
Audit Responsibilities:
Developed an internal audit department to address all significant line of business.
Developed internal audit system document like charter, audit procedures, internal audit reporting mechanism, and planning procedures.
Reviewed policies & procedure and suggested improvements.
Reviewed ongoing construction projects about milestones and presented internal audit reports progress.
Dealt with external auditors and their queries, findings and observations.
Preparation of audit recommendation and finding report for chairman and senior management.
Reviewed and suggested as a consultant in developing SOPs.
Finance & Accounting Responsibilities:
Preparation of group cash flow and financial analysis.
Reviewed budgets and performed actual versus budget analysis.
Development of SOPs for hospitality division.
Implementation of Oracle Financials (including testing and post-implementation review).
Preparation of IFRS based Financial Statement & preparing group financial report and
management reports
Assisted Financial Controller in day to day financial reconciliations & assisting Chief Financial
Controller in developing finance and accounting manuals.
Planning & conducting external audits using audit software.
Preparing financial statements in line with IFRS.
Training & appraising assistants.
Managing a portfolio of clients; agreeing terms of engagement, audit planning and risk assessment.
Leading teams on statutory audits.
Interacting with partners for review and finalization of audits and related jobs.
Responsible for planning, execution, and finalizations of external and internal audits according to the Deloitte audit approach using audit software.
Designing, developing internal control systems and procedures, and evaluating existing systems of various clients.
Provided audit and accounting services to various clients
CA Affiliate from Institute of Chartered Accountants of Pakistan
CPA from Pakistan
Certified Risk Management Assurance from Institute of Internal Auditors
Associate Member of PIPFA
Bachelor of Accounting and Finance