Finance Manager
Baniyas Co Operative Society
Total years of experience :18 years, 1 Months
Preparation of monthly dashboard for the BOD.
Preparation of monthly MIS report consisting of GAP analysis, segment reports, sales analysis and inventory report
Generate exception reports in Sales, GP, Inventory, etc using BI Retail..
Preparing cash flow and forecast for the company and the new projects.
Handling construction project accounting, reconciliation, financing, and documentation.
Liaising with bank with regards to facility and preparation and presentation of the same to the stakeholders.
Conducting feasibility study, scenario analysis, sensitivity analysis for the new projects.
Overview the commercial leasing budget for the real estate properties to make sure leasing budget are achieved.
Co-ordinating with tenant for their cheques and agreements.
Monitor and report all revenue generating area on a regular basis
Applying and computing for companywide insurance policy.
Filing of timely VAT returns.
Preparation, review and presentation of periodical Financial MIS Reports.
Preparation, review and presentation of periodical Retail and financials Budget execution reports.
Ensure proper security, maintenance and up to date records of all financial transaction and Information.
Recording classifying and summarizing financial transaction and events in accordance with generally accepted accounting standards and practices.
Ensuring appropriate control in cash & Fund management and report in case of abnormality in same.
Establish & maintain system for cost analysis and early warning of cost over runs. Work consultatively with the respective departments on cost reduction initiatives.
Generate exception reports in Sales, GP, Inventory, etc using BI Retail.
Plan, Review and assign staff works and ensure timely reporting.
Monitor and report all revenue generating area on a regular basis
Monitor leasing agreements (both as lessee and lesser) and its renewals.
Coordinate and ensure timely filing of tax returns
Co- ordinate and complete external auditing tasks on time.
Implementation of Finance Policy & Procedure Manual and ensure its adherence in all areas of finance.
Review Inventory, Sales and GP & Shrink / Wastage analysis reports
Publish ageing Reports, inventory, payable and receivable on monthly basis
Setting up accounting system with control, process and checks.
Solely responsible for accounting, financial reporting, project billing and receivable/payable.
Key user, tester and assigned with role of setting up Project and Time management software - BQE Core.
Setting up project structure with Phase and Sub-Phase, setting activities for phases, time and responsibility assignment to the users.
Preparing, monitoring and reporting on Budget (CAPEX and Operational)
Reporting Cash Flow, cash forecast to shareholder and investors.
• Preparing and presenting management reports on a monthly basis to the management.
Arranging new sources of finance for a company, and managing bank facilities for the optimum usage.
Conduct forecasting analysis like cash forecast, sales forecast & liaise with senior management to ensure validity of business plan parameters & assumptions.
Responsible for all price updates at all levels & pricing structures in order to achieve profitability & margin returns for all SKU products. Also identify areas of cost or expense reduction potential.
Perform Cost-Benefit analysis for different promotion activity and provide promotion analysis.
Reviewing customer accounts & providing with in depth analysis of sales, ROI and profitability analysis.
Making periodic receivable reports like Ageing, DSO, Cash Cycle etc. & Also follow up for collections and forward disputed case to Sales Manager with reason for overdue, for clearance.
To ascertain the financial & operational viability for the future Brands undertake analysis and provide financial insights regarding cost involved and benefits expected, and provide management with break-even and ROI.
Arranging for logistics and getting the required approvals in place to get the pharmaceutical products.
Involved in Implementation of ERP Green Galex from the initialization phase till the final release, also ensuring proper customization of ERP to get desired reports.
Developing external relationships with appropriate contacts, e.g. auditors, bankers, Insurers, etc.
Responsible for Preparing Monthly Management Report.
Liaise with external auditors to perform the audit and assist CFO in group level consolidation.
Preparing Financial Position Statement for short term & long term financial planning using different technique such as Cash Forecast, Cash Flows etc.
To manage daily Cash and Fund position of the Group and make financial plans to meet the expected financial liabilities and take action against and unexpected scenarios.
As in the Financing company in the group, have knowledge in handling funding of the Group through Letter of Credits, Trust Receipts, Loans, Internals and Externals Transfers, etc.
Involved actively as a planner, tester and key-user while implementation of “MS NAVISION Dynamic R2-2009”
Handling of staff commission/incentive and payroll of the whole group, and following it up with WPS processing and supervising payroll accounting and Accruals booking.
Preparation of budgets for Head Office, profit center budgets & cost centers.
Completing the budgeting and forecasting process for the business and consolidating input from other finance team members.
Financial Reporting and strategic planning of the business performance (Variance Analysis) & publishing variance reports to management.
To generate various reports from the MIS & to prepare a standardized pack of reports for management on monthly basis.
Planning and conducting of Statutory Audit of various Private and Public Limited Companies (in different Manufacturing and Trading Industries.) Partnership Firms and Proprietorship concerns.
Review of Internal Control system and ERP System of an Organization.
Ensure total statutory compliance like- TDS deduction and timely payment, periodic E- Filing etc.
Experience of various Income Tax, Service Tax, Value Added Tax and Financial Accounting works relating to Individual, Partnership Firms and Companies.
Tax Audit & handling of other Taxation matters including filing of Returns of various Entities.
Experience of Statutory Audit of Bank i.e., State Bank of India
Preparation of Consolidated Financial Statements of Companies.
Exposures:
Efficiently managing the accounting, taxation and statutory obligation of the company, managing receivable and payable and other allied works.
• Consolidation of day-to-day accounts and finalization of Books of Accounts.
• Stock verification and Debtors & Creditors Reconciliation.
• Maintenance of Statutory Records and dealing with other allied works.
• E-filing of Returns and application of different forms and documents.
• Computation of Income Tax Liability and computation of VAT and CST Liabilities, with proper maintenance of records for sales at concessional rates.
• Experience of various Income Tax, Service Tax, Value Added Tax and Financial Accounting works relating to Partnership Firms.
• Preparation of report and documents for the submission to AO in case and appeals.
Exposures:
Efficiently conducted Statutory Audit, Tax Audit, Internal Audit as a team member in the following reputed Companies and Enterprises.
M/s.Datt Mediproducts Limited
M/s.Som Datt Builders Limited
M/s.Som Datt Builders-Italian Thai Development Co. Joint Venture (National Highway - 31 Project)
M/s.ITD-ITD Cementation Joint Venture (Airport Authority of India - Project)
Description:
Consolidation of day-to-day accounts and finalization of Books of Accounts.
Stock verification and Debtors & Creditors Reconciliation.
Maintenance of Statutory Records and dealing with other allied works.
Experience of various Income Tax, Service Tax, Value Added Tax and Financial Accounting works relating to Individual, Partnership Firms and Companies
Planning and conducting of Statutory Audit of various Private and Public Limited Companies (in different Manufacturing and Trading Industries.) Partnership Firms and Proprietorship concerns.
Tax Audit & handling of other Taxation matters including filing of Returns of various Entities.
Experience of Statutory Audit of Bank viz. State Bank of India ( Treasury Operations )
Preparation of Consolidated Financial Statements of Companies viz. M/s. Som Datt Builders Limited.
Description:
Managing day to day accounts in computer.
Managing Payable and Receivable
Managing Payroll and other allied works.
As the part of the education curriculum along with the mandatory Internship with the Chartered Accountant, we are given intensive training in the field of Accounting, auditing, costing, Finance, Taxation, Statutory compliance, information technology and its use in the above mentioned subjects.