Executive with 15+ years of experience as Group Accounts Manager, Senior Auditor and Accounts Manager. Background includes reducing uncertainty through risk management; analyzing, measuring, and creating value; performing due diligence and integration for acquisitions and mergers; Governmental reports preparing, financial statements, and footnotes; scheduling and organizing external audits; tax scheduling; developing capital and operating budgets; analyzing rates of return on capital expenditures; developing and monitoring hedging plan; and preparing quarterly financial reviews for the board of directors.
SKILL & SPECIALTIES
• Financial Analysis and Planning • Variance Analysis
• Accuracy of Financial Statement • Internal controls
• VAT Accounting submission/claim • Inventory controls
• Cost benefit analysis • Cost Containment & Profit Management
• Consolidation• Monthly closing & Reviews
• Accounting Supervision• Hedging funds
• Cash Management and Optimization• Trade supply chain documentation
• Budget Development• Operations and Financial Management
• Training & Support of Accounting staff• Business Risk Assessment &Reporting
• Management of Cash Flow• Credit control supervision of Related Department
• Audit Strategy Planning & Management• Bank Negotiations & Relations
Monitoring Warranty & Claims• Contract Negotiations
Preparing Group consolidation reports.
Preparing project forecasting schedules on basis of completion
Preparing Cash available and forecast report.
Preparing Project wise Cash flow forecast.
Preparing Weekly & Monthly monitoring of Sales by the agent.
Preparing annual budgets and forecast
Monthly MIS report and variance analysis.
Supervising accounting and inventory issues of a foreign branch.
Reconciliation of WH and Sales point Inventory
Conducting monthly Customer Credit control meeting with sales and marketing staff to control credit limits and collections
Hedging funds for group foreign currency requirement
Supervising/Reviewing Group banking facility and Trade supply chain documentation (L/C Local and Import, APG,BG,PG)
Supervising the 2 accountant team including accounts Receivable and payable accountants.
Achievements
Established internal accounting & Inventory control policies and procedures, implemented sage 300 ERP systems
Successfully accomplish 5year Audit backlog pending work within 6 month of time.
Responsible for overseeing all accounting, financial, fiscal and other fiduciary responsibilities of the organization
To oversee the development of tools and systems to provide accurate critical financial and operational information to owners
To oversee all accounting ledgers and reporting systems, ensuring compliance with appropriate International Financial Reporting Standards (IFRS) and regulatory requirements
Implement and maintain internal controls according to international best practice
Actively manage the group’s working capital and ensure optimal control of fixed assets.
To mentor and develop a direct team, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic
To monitor, report and recommend mitigation strategies (including insurances) for the group’s financial and operational risks
Preparing & Reviewing existing MIS system and suggesting measures to help in decision-making
Developing & Reviewing budgetary controls for revenue & capital budgeting. Comparison of actual with budget and performing a variance analysis on the same.
Review and Negotiate the repair and maintenance contract with different contractors and verifying the contractor’s Invoices with supporting documents.
Maintaining record of Warranties and claim.
Handling banking & treasury operations which include investing of surplus funds
Finalize monthly accounts with MIS reporting and ensured completion
Supervise the input of financial data and reports for the group's automated financial systems
Looking after of complete Escrow Management, M.I.S reporting, RERA registration,?escrow?formalities, properties, land, and unit registration with Land Dept., Liaising with?Escrow?Agents, RERA affairs, Land dept. operation &?Escrow?Management services.
Preparing Work in progress in various contracting Projects.
Checking project cost Estimation basis and compare with actuals with comments
Preparing project forecasting schedules on basis of completion
Preparing schedules for time tracing and project Cost
Preparing Project wise Cash flow forecast.
Preparing Weekly & Monthly monitoring of Sales by the agent.
Preparing annual budgets and forecast
Finalizing yearend financial Statement showing to (RERA) Real Estate Regulatory Agency. (RERA System)
Established Escrow account of one of the upcoming project in free hold area
Arranging and negotiating with banks for project financing and other facilities.
Actively participated in feasibility of our upcoming hospitality project.
Significant Achievements
Registered the companies with Land Dept., RERA, units registration, Land registration, opening the Trust Accounts of the companies,
Streamlined the entire trust accounts operation of the group in a very smooth way.
Negotiated the best facilities & services from the banks.
Established and in the implemented of accounting policies and control procedures
Finalizing Quarterly and Half yearly accounts with group consolidation and its presentation with commentary.
Preparing Work in progress in various contracting and CPMS Projects and comparing with budget.
Preparing monthly / Quarterly cash flow requirements
Preparing annual budgets and forecast for Contracting and Trading Companies
Liaising with the external auditors.
Controlling Project cost as per budget and within giving time frame
Identifying areas of Cost cutting and improvement
Implemented policies for material purchase and issuance and linked with stores.
Finalized & verified Suppliers, Contractors & Construction progress billings
Conducting monthly Customer Credit control meeting with sales and marketing staff to control credit limits and collections
Hedging funds for group foreign currency requirement
Supervising/Reviewing Group banking facility and Trade supply chain documentation (L/C Local and Import, APG,BG,PG)
Supervising the 3 accountant team including accounts Receivable and payable accountants.
Finalize Group accounts in Oracle E Business suit and MIS reporting formats and ensured completion
Supervise the input of financial data and reports for the group's automated financial systems
Prepared and analyzed of Group Cash flows, and fund requirements including presentation
Liaised with the auditors for the efficient performance of the audit
Prepare monthly balance sheet file and assuring that the all Group defined standards has been followed.
Prepare & Analyze financial (MIS) reporting (Actual and forecast) on monthly basis with commentary.
Consolidate Group financial result and comparison on monthly, quarterly and annual basis.
Responsible for intergroup reconciliation and reporting to GFC on monthly basis.
Analyze in detail for monthly variances income and expense heads v/s. budgeting forecast and preceding year. Holding monthly meetings with management to discuss the budgetary position to agree action plan.
Evaluate Capital expenditure proposal and compare with the budget.
Preparing and analyzing budgets and sales and cash flow forecast.
Involve in validation of Oracle financial module for new establishments.
Supervising and reviewing work of group companies accountants
Responsible for Related parties (intergroup and intercompany) Accounts payable and Receivables Group reconciliations. Follow up, resolving discrepancies and dispute between companies. Assigning limits and handling settlement of receivables and payables.
Assist the clients in preparing financial statements including assistance in application of International Financial Reporting Standards (IFRS), corporate taxation?and financial reporting of multinational companies
Develop, maintain, and analyze budgets for various clients Including Trading and service companies
Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.
Advise management about issues such as resource utilization, and the assumptions underlying budget forecasts.
Preparing Group consolidation reports.
Analysis information and evaluating results to choose the best solution and solve problems.
Provided the better solution to the clients to minimize business risks to get better strength and opportunity for high profit.
Assurance of audit tasks are completed accurately and within established timeframes.
Participated independently as well as a team leader in the 100 of HLB clients for Audit & Internal Audit assignments in UAE.
Finalization of more than 35 Companies’ Accounts in QuickBooks Pro 2007 and Client Write up Software (including service and manufacturing based firms)
Preparation corporate & individual Tax Return in Drake Software
Preparation & E-filling of Quarterly Payroll Reports
Supervised client payroll & disburse online employee’s account
E-filling tax return for department of IRS (Internal Revenue Services US)
Familiar with E-Business concept and operating 30 client’s transaction with E-net facility
Prepare Quarterly and Annual Reports for IRS and ADOR Agencies
Facilitate more than 20 clients with Remote Computer Access using Logmein & Gotomypc Software
Submission online Sales Tax Returns (US State & City)
Finalized computerized and manual books of account
à Supervised and managed all finance related transactions including banks, cash, income tax and sales tax returns
à Supervised and managed local sales and purchases
à Finalized closing inventory and prepared work in progress on monthly basis.
à Supervised ISO 9000 Internal Quarterly Audit
à Assist the Corporate Finance Director in the production of annual financial statements and their reconciliation for the annual external audit.
à Controlled entire production staff & Contractors’ payments
à Supervised and conducted financial database Audit
à Dealt with external and internal Auditors
à Finalized & verified Suppliers, Contractors & Construction Bills
à Planned and monitored different Management & Financial tasks
à Prepared various types of reports for Managing Director and finance Director