Head Of Finance
VGC Building Contracting llc
Total years of experience :18 years, 9 Months
Analysis and design of the operational and organizational processes of civil projects regarding the areas of Risk such as pricing and timely completion of project & Capital Management.
Providing Financial and projects report on monthly, quarterly, semi yearly and on yearly basis. Coordinating with External and Internal Auditors of the company.
Implementation of the models and solutions for the calculation, evaluation and integration of risks (Credit, Market, Liquidity and other risks)
Responsible for taking actions regarding the use of risk metrics in the management area (evaluation of creditworthiness, pricing and budgeting, value analysis and reporting, capital adequacy)
Help our clients in questions of Regulatory Compliance of UAE VAT law, DM approval.
Providing assistance to business development activities including sales bidding processes and contract management
Projected Cash Flow planing in respect of delivery of projects with in the period to complete, such as the development of project methodologies and solutions for timely hand over.
Actively assist in the design and implementation of business unit risk governance activities in accordance with industry.
Work with business areas to perform deep dive reviews as required, assessing risks in a particular area, providing guidance, and presenting back on risks and proposed mitigating actions.
Determine the nature of all risks to which the company is subjected, and monitor operations to spot changes in these risks, Monitor the probability of loss from all types of risks
Management:
Maintain a documented system of accounting policies and procedures. Manage outsourced functions. Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
Funds Management:
Forecast cash flow positions, related borrowing needs, and available funds for investment. Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements. Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions. Maintain banking relationships
Budgeting
Manage the preparation of the company's budget. Report to management on variances from the established budget, and the reasons for those variances. Assist management in the formulation of its overall strategic direction.
Financial Analysis and Reporting
Engage in ongoing cost reduction analyses in all areas of the company. Review the performance of competitors and report on key issues to management. Engage in bench marking studies to establish areas of potential operational improvement. Interpret the company's financial results to management and recommend improvement activities. Participate in target costing activities to create products that meeting predetermined price goals. Compile key business metrics and report on them to management.
Analysis and design of the operational and organizational processes of civil projects regarding the areas of Risk such as pricing and timely completion of project & Capital Management.
Providing Financial and projects report on monthly, quarterly, semi yearly and on yearly basis. Coordinating with External and Internal Auditors of the company.
Implementation of the models and solutions for the calculation, evaluation and integration of risks (Credit, Market, Liquidity and other risks)
Responsible for taking actions regarding the use of risk metrics in the management area (evaluation of creditworthiness, pricing and budgeting, value analysis and reporting, capital adequacy)
Help our clients in questions of Regulatory Compliance of UAE VAT law, DM approval.
Providing assistance to business development activities including sales bidding processes and contract management
Projected Cash Flow planing in respect of delivery of projects with in the period to complete, such as the development of project methodologies and solutions for timely hand over.
Actively assist in the design and implementation of business unit risk governance activities in accordance with industry.
Work with business areas to perform deep dive reviews as required, assessing risks in a particular area, providing guidance, and presenting back on risks and proposed mitigating actions.
Determine the nature of all risks to which the company is subjected, and monitor operations to spot changes in these risks, Monitor the probability of loss from all types of risks
Develop annual audit plan and coordinate audit activities.
•Perform audits for business operations, finances, compliance with policies and procedures.
•Oversee audit planning and reporting activities according to established policies.
•Supervise audit team to ensure quality and on-time delivery.
•Evaluate the client's internal controls; prepare an audit program outlining the extent of sampling required, schedule the engagement, and document approval by the Engagement Principal.
•Review working papers for accuracy and completion, financial statements for suitability of presentation and adequacy of disclosures, tax returns, and documentation of discussions with clients.
•Summarize engagement, make planning points for the next year, prepare management letters, draft reports, and prepare routine client correspondence.
•Follow the progress of the engagement, aid in clearing points, and resolve auditing and accounting problems.
•Coordinate and expedite the review of files by the Account Manager, Audit & Accounting Principal and the Engagement Principal.
•Keep the Account Manager/Principal apprised of the progress of the engagement, consult with them on problem areas, review with them any significant audit findings, and recognize client service opportunities to follow-up on post fieldwork.
•Analyze and resolve audit issues with client meeting.
•Primary responsibility is to prepare overall consolidated financial statements and supporting schedules according to monthly close schedules.
•Prepare monthly inter company reconciliations and reconcile balances on monthly basis, maintain and balance inter company accounts by verifying, allocating, posting, reconciling transactions, resolving discrepancies.
•Analyzing financial statements on a monthly basis and report on variances
Evaluates and provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organisation's objectives and goals to be met.
• Reports risk management issues and internal controls deficiencies identified directly to the audit committee and provides recommendations for improving the organisation's operations, in terms of both efficient and effective performance.
• Evaluates information security and associated risk exposures.
• Evaluates regulatory compliance program with consultation from legal counsel.
• Evaluates the organisation's readiness in case of business interruption.
• Maintains open communication with management and the audit committee.
• Recording of sales invoices of local and export customers along with the daily sales and their reconciliation of approximately 21 branches.
• Extracting outstanding balances of receivables and payables of all branches including local and outdoor customers of UAE and other countries.
• Responsible for preparation of financial statements and bank reconciliation statements of group of companies including budget and scheduling for conducting companies statuary audit.
• Providing training and supervising junior staff.
• Handling the primary part of screening, recruitment and training of prospective employees.
• Managing all the salary and other work related to employee welfare, as well as performance assessment.
• Motivating employees to give their best to the organization.
• Manage day-to-day sale and purchase accounts of assigned sub-division, Present a review of the finance requirements and financial status of sub-department to superiors Submit quarterly financial reports of performance.
•To ensure that operations are running smoothly, clients are satisfied and funds are being spent properly. As an account manager, I was involve in the preparation of budgeting, forecasting and scheduling to make sure that products and projects are ready on time and running correctly.
•Being manager i was involved in the monetary workings of accounts and make funding, budgeting and spending decisions for strategic planning for financial growth.
•Forecast cash flow positions, related borrowing needs, and available funds for investment
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
• Review company bottlenecks and recommend changes to improve the overall level of company throughput
• Participate in target costing activities to create products that meeting predetermined price goals
• Assist in the determination of product pricing in relation to features offered and competitor pricing
•Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
• As Auditor I was involve in the accounting field and main duty was to verify a company's records to make sure that all the information matches up to what was provided. I had to go through bookkeeper records, creditor records and tax records in order to find out if any errors have been made and if so, what needs to be done to fix them.
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
• Prepare detailed reports on audit findings.
• Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures
• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Supervise auditing of establishments, and determine scope of investigation required.
• Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
• Confer with company officials about financial and regulatory matters.
• Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
• Examine records and interview workers to ensure recording of transactions and compliance with laws.
• Help management by providing future audits planning through recommendations in their audit notes or discussions.
• Involved in completing operational and compliance audits, although some perform financial audits of segments of their companies.
• Examining or inspecting business or financial records in a company or an organization.
• Interpretation and issuance of internal audit report with observation and their recommendation.
• Issuing independent reports based on the financial audits on behalf of RSM International AHLN Chartered Accountant.
• Maintains administrative staff by recruiting, selecting, orienting, and training employees; maintaining a safe and secure work environment; developing personal growth opportunity.
• Accomplishes staff results by communicating job expectations; planning, monitoring, and appraising job results; coaching, counselling, and disciplining employees; initiating, coordinating, and enforcing systems, policies, and procedures.
• Purchases printed materials and forms by obtaining requirements; negotiating price, quality, and delivery; approving invoices.
• Completes special projects by organizing and coordinating information and requirements; planning, arranging, and meeting schedules; monitoring results.
In Progress - Final Year
Institute of Financial Consultants ® is chartered in the USA .Institute of Financial Consultants ® and Certified Financial Consultant ® mark are registered with US Government Patent & Trade Mark Office & the National Certification Commission, USA
The unique requirement of practical training is instrumental in shaping a well-rounded professional to ensure that students have an opportunity to acquire on-the-job work experience of a professional nature. Such a practical training: Inculcates a disciplined attitude for hard work; Develops necessary skills in applying theoretical knowledge to practical situations; Provides exposure to overall socio-economic environment in which organizations operate; and Develops ethical values. Under the Present Scheme of Education & Training three years of article ship training has been designed to strike a balance between theoretical education and practical training. A student can also undergo audit training. Eight months of audit training is treated as equivalent to six months of article ship training.
