Assistant Finance Manager
Ejaz group of companies
Total years of experience :14 years, 5 Months
• Successfully assisted the finance manager in generating daily cash flow, compiling of collections from sales & receivable department, urgent payment requirements and payment schedule from procurement department, mills site cash managing, reimbursement of loans according to terms & schedule like cash finance, short term finance, long term finance and lease finances, managing PDCs receivables/ payables, liaising with banks for bank transfers, bank guarantees, allocation of funds according to budget and available funds.
Successfully implemented ERP system to streamline the Accounting records for compliance with Insurance Authority requirements and for generating more comprehensive, concise and coherent reports for management decision making.
Examining the transactions (policies and accounting transactions) entered into system by subordinates.
Monthly closing and preparing financial reports for management for management discussion and decision making. Reconciliations of customer’s statements, Insurance Companies SOAs, Commission Payable / Receivable.
Managing financial activities escrow accounts, cash flow, payments to insurance companies, processing of monthly salaries, salesmen monthly commission.
Submitting anti money laundering, internal audit report, quarterly financials and annual audited financials to Insurance Authority.
Collection & follow up of commissions, premium and allocation of funds to manage cash flow.
Attending meetings with insurance companies to resolve any financial issues.
Reports on booked premium and commission revenue of all class of business.
Checking monthly salaries, provisions, accruals, prepayments, reconciliations, expenses and sales.
Compliance with requirement of Abu Dhabi & Dubai Health insurance Authorities.
Filing of VAT return on quarterly basis.
EPS is a major oil field contractor and pioneering organization in UAE, working with GASCO, ADNOC, TAKREER, TRANSCO and other oil field companies.
Presenting weekly payables/ receivables aging, following up receivables, Invoicing to customers and managing cash flow & PDC, subcontractor's payments, project wise actual to budget & job costing.
Liaison with banks (facilities, Lease, Bank Guarantees and labor guarantees)
Monthly provisions Schedules and expenses recognition of (Staff Gratuity, Leave Salary, Air fare, Prepayments, Accruals, Depreciation, Fixed Assets Management & Bank reconciliations).
Responsible for payroll and to ensure accurate and timely monthly processing of remuneration through WPS (Over time, Deductions if any, Food and other allowances).
Prepare and process final settlement of employees as per labour law(EOSB)
Audit Schedules, Chart of accounts, Credit Management & Petty cash.
Monthly Internal Audit of Administration, Procurement, Warehouse, Sales and Technical Department. PREVIOUS EXPERIENCE
Supported Director in managing inventory, counting, projection of materials and payable budgets.
Monthly, quarterly, half yearly and annual reports to director on material consumption, purchases and stock.
Assisted in finalization of audited financial statements.
• During this period I have carried out external Audit, Taxation, checking internal control/procedures & Internal assignments of different sector companies like brokerage, Modarba, sugar manufacturing, leather manufacturing textile (spinning, weaving, dying, garments and composite) Construction, trading and NGOs. Finalized External Audit, Internal control.
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