Experience as Finance Manager

• Employer

• From

  23 October 2017

• To

  24 October 2019

• Detail

  Product / Service: - Import & Export of Ferrous & Non Ferrous Metals in Middle East, Europe & India.
  - Overall responsibilities of Finance & Accounts Department and ensure all financial records are intact.
  - Liaison with banks on Trade Finance transactions, FD & Term Loan.
  - Review Export & Import L/Cs. time to time till the process completed.
  - Analyze the LIBOR rates among banks to get better rates for LC discounting.
  - Ensure no excess charges are debited by banks on Term Loan interest, L/C’s discounting and its establishment. Charges should be on the basis of agreed LIBOR+BPS and the tenor of L/C.
  - Ensure the export L/Cs acceptances are received from each Bank and inform to operation team.
  - To confirm with respective banks on CAD customer’s and ensure fund received in account promptly.
  - To prepare and analyze the ROI statement (Mutual Fund, Bond & Term Loan against FD)
  - Ensure interest on F.D, Bond and Mutual Funds are periodically credited in respective bank account.
  - Ensure the PDC chqs received from Tenants are periodically deposited in Banks.
  - Laise with Tenants on renewal of Tenancy contract before its expiry.
  - Ensure VAT returns are filed to FTA periodically and confirm the refund received in bank promptly.
  - Monthly scrutinize Ledger and ensure all appropriation entries passed on accrual principle.
  - Preparation of Periodical Financial Statements & MIS to the management (Monthly & Quarterly).
  - Daily morning review the online bank balances (four banks) & scrutiny on latest transactions. Ensure the balances are tally with ledger subject to the reconciliations.
  - Evaluate and Analyze current status of fund position with required Working Capital for next two weeks.
  - Daily prepare fund flow statement and to report to the management.
  - Verify Debtors & Creditors ageing report and monitor on overdue balance if any.
  - Ensure the accuracy, authenticity & completeness of all the financial records.
  - Coordination with External & Internal Auditors.
  - Key supports in finishing the audit of 2016 & 2017 books of accounts.
  - Ensure & review the arrangements made for the payment to Vendors through Import L/C & TR Facilities.
  - Manage and ensure the accuracy of ERP accounting software in revealing the correct balance.
  - Monitoring on fund mobilization.
  - Manage day to day financial transactions of the company.
  - Ensure Insurance policies are renewed properly.
  - Preparation of Budget and evaluate with actual. The variation should be analyzed and to find the factors behind.
  - Review on Fixed and Variable expenses part of Cost Accounting and analyze product / contract wise profit.
  - Manage and scrutiny on Accounts receivables (A/R) and Accounts Payable (A/P) to assess fund flow.
  - Review and confirm the outward payments documents before paying through the online.
  - Key role in Board meeting related with the financial discussion & in decision making.
  - Other financial reports and statements as and when required for the management.
  

Experience as Finance Manager

• Employer

  Techmart Gulf FZCO, Dubai

• From

  24 October 2016

• To

  30 September 2017

• Detail

  Product / Service: - Sole dealer of Samsung Mobile Phone & Accessories (Import & Distribution to GCC countries).
  - Responsible for financial and managerial functions including the review of Internal Controls and Financial procedures.
  - Preparation of Periodical Financial Statements & MIS to the management.
  - Daily review the online banking and asses the fund position and report to the management with its forecasting analysis.
  - Update the file on TR Facility settlements and Liaise with bank for new facility as and when required.
  - Scrutiny and review on frequent stock reports, Debtors, Creditors, Bank statements, etc.
  - Key supports in finishing the audit of 2016 books of accounts with Internal & External auditors.
  - Processing for payments to Vendors through LC & TR Facilities as per Credit Policy guidelines.
  - Manage the books of accounts, prepared under ERP accounting software.
  - Monitoring on fund mobilization.
  - Manage day to day financial transactions of the company.
  - Managing and monitoring Accounts receivables (A/R) and ensure “Receivables Finance Portfolio”.
  - Routine verification of physical stock with the book stock and submit report to the management.
  - Analysis of debtors & creditors aging, recovery period, balance confirmation procedures.
  - Special assignments, guidance and management reporting in taking core financial decision.
  

Experience as Finance Manager

• Employer

  Triangle Ship Building Co, Dubai

• From

  24 May 2014

• To

  30 June 2016

• Detail

  Product / Service:- Ship Building, Repairs and Maintenance Service.
  - Responsible for financial and managerial functions including the review of systems of Internal Controls and Financial procedures and providing advice to the business units on all financial matters.
  - Preparation and structural presentation of financial statements, Fund positions, revenue analysis, Cash Flow, Statement of comprehensive income and assist the management for the setting up of budget and budgetary control as per IFRS standard.
  - Daily review the online banking position and ensure the available balance are in accordance with the ongoing fund flow statement.
  - To submit daily fund flow MIS to the Directors with appropriate suggestion & comments which include immediate major financial commitments (both receivables and payables – such as transaction due date on L/C, LBD, TR, PDC)
  - Arrange required documents and details for Bank Facility Proposals.
  - Liaise with Bankers, Auditors, Legal Consultants and Statutory Bodies.
  - Processing for payments to Vendors through LC, TR and LBD in various banks.
  - Deep involvement in handling Internal and External Audits.
  - Manage the books of accounts, prepared under ERP accounting software.
  - Ensure the routine works are carried asper the Internal Control and suggest if any further changes required.
  - Monitoring on fund mobilization.
  - Organizing and administration of Accounts Staff, performed as Core Team Member.
  - Manage day to day financial transactions of the company.
  - Managing and monitoring on of Accounts receivables (A/R) and Accounts Payable (A/P).
  

Experience as Chief Accountant

• Employer

  Seder Group Co., Riyadh

• From

  06 October 1997

• To

  13 July 2013

• Detail

  - Preparation of periodical financial statements and reports, which include Profit & Loss Account and Balance Sheet.
  - Overall responsibility for all Financial and Management information and report to C.F.O.
  - Update all banks (five banks) daily running balance and report the daily position to C.F.O & M.D.
  - Manage day to day financial transactions of the company.
  - Keep and maintain regular control and update the data on Accounts Receivables (A/R), Accounts Payables (A/P).
  - Visit frequently to "A" class customers and ensure the fund inflow regularly. Major issues if any to be noticed.
  - Review and confirm the reports and the receipts submitted by the field money collectors and ensure accuracy.
  - Communicate with customers in receiving the payment along with statement of Account and unpaid statement.
  - Check Bank Reconciliation Statement (five banks) and resolve any differences in timely manner.
  - Major role in settling the customers / supplier’s disputes if any, after discussing with the management.
  - Ensure the accuracy of issued cheques and its supporting documents and pass the same for MD's final approval.
  - Arrange Letter of Credit (L/C) communicate with bank, suppliers. Maintain the file till completing the transaction.
  - Maintain the Fixed Asset register and the application of depreciation.
  - Review on General ledger and confirm on closing balances for financial statements.
  - Motivate and supervise the subordinates in updating their duties.
  - Participate in routine meeting of management & key role in its evaluation in each session.
  - Co-ordinate with Auditor in settling their queries by providing required schedules and reports.
  - Major role in Budgeting and its comparison with the actual figures. Study on the strategies with analytical ratios.
  - Other miscellaneous supporting reports and data, required for the management in concluding their decision.
  Interests and Co-Curricular Activities: -
  - Participated in sports at school and university level.
  - Captained in school Football & athletics team in state level tournaments
  - Reading Newspaper, Watching T.V, Internet, Traveling, Football, Cricket, Athletics, Chess & Music.