Finance Manager
Sadaf Designs & Artwork LLC
Total years of experience :24 years, 10 Months
Accounts & Audit
• Adept at preparing all the necessary statements viz. Profit & Loss Account and Balance Sheet on a periodic basis
• Facilitating in consolidating Group Company Accounts of Middle Eastern & European Countries’ operations
• Review of GL & SL on a regular basis
• Interfacing with both the Statutory & Internal Auditors & keeping a strict check on the junior staffs regarding submitting the necessary documents on time for hassle free Audits
Accounts Receivable
• Delivering accuracy & timeliness in preparing invoices & efficiently monitoring collections
• Identifying & analyzing variances from the set credit policies
• Administering the reconciliations, cash receipts & payments, ensuring accuracy with totals of invoices, etc.
• Comparing between Forecasted and actual Receivables, tracking average receivables, overseeing required adjustments to the invoices etc.
Finance
• Interfacing with Bank personnel for all relevant activities like Bill Discounting, arranging cheap source of funds, L.Cs, etc.
• Allocating budgets for different locations & planning & managing the funds for all different branches
• Successfully conducting the activities of Project management, conducting impact study of projects, stressing on the financial feasibility study, analyzing the potential risk, growth opportunities, etc.
• Overseeing the product pricing activities
Reporting
• Proficient in preparing various types of reports & efficient at analyzing variances
• Pivotal in conceptualizing & implementing internal control techniques
• Professionally preparing the Cash Flow & Funds Flow Statements as per AS 3
• Efficiently generating reports of Profit Centers
• Overseeing the Accounts Receivable & Payables & analyzing the same
• Significantly contributing efforts towards Audit of Payroll System
• Deftly preparing MIS Reports
• Facilitating in finalization of Stock Inventory Report on monthly basis
Inventory Management
• Overseeing procurement activities, planning purchases, analyzing the movement pattern of stock, etc.
• Shouldering the entire responsibility of managing Inventory & calculating the profitability index
Business Development Analysis
• Successfully analyzing Sales reports of products & identifying the success rate of the organization as a Brand
Finance Manager, Specialist Group, Dubai Oct 2007 - May 2013
Major Deliverables:
• Playing the crucial role in finalization of Books of Accounts, Consolidation of group company accounts of different locations, etc.
• Guiding the juniors in preparing various reports, facilitating in preparation of Cash Flow & Funds Flow Statements & managing the same
• Coordinating with Statutory Auditors & successfully completing the Statutory Audit of the organization
• Single handedly preparing Military Contract Tenders viz. monitoring the commercial viability etc.
• Successfully organized & restructured the Accounts & Finance Departments
• Facilitating in consolidating Group Company Accounts of Middle Eastern & European Countries’ operations
• Analyses of the commercial viability of new projects
• Established the various commercial set up for new business
• Successfully identified & utilized economic sources of finance to manage the working capital needs
• Focused on the cost control techniques & negotiating on reduction of interest rates
• Pivotal in introducing automation by implementing ERP
• Implemented systematic invoicing techniques & properly maintained the same
• Raised loans for various projects
• Established proper credit control & overhead cost control methods
• Established proper cash payment system & motivated staffs to maintain a strict documentation system
• Successfully handled various Tax related issues
• Playing the crucial role in finalization of Books of Accounts, Consolidation of group company accounts of different locations, etc.
• Guiding the juniors in preparing various reports, facilitating in preparation of Cash Flow & Funds Flow Statements & managing the same
• Coordinating with Statutory Auditors & successfully completing the Statutory Audit of the organization
• Single handedly preparing Military Contract Tenders viz. monitoring the commercial viability etc.
• Successfully liaising with Banks to smoothen day to day activities of the organization, managing reconciliations with them
• Efficiently managing the Cash Flow & Funds Flow, identifying the sources & application of funds etc.
• Pivotal in organizing budgeting activities by coordinating with the heads of other departments & analyzing the deviations from the forecasted budget
• Interfacing with Auditors & facilitating in the smooth completion of Audit activities
• Adroitly preparing MIS Reports to support the various decision making functions of the organization