Experience as ACCOUNTS & FINANCE MANAGER (Reporting to Finance Director)

• Employer

• From

  04 December 2016

• To

  20 May 2020

• Detail

  Trinity Holdings Group was established more than 3 decades (30 years) providing engineering innovative solutions across the Middle East Region. Offering a customer worldwide excellence on Construction Services which includes Electromechanical Engineering, Heavy machining, Marine repairs, oil & Gas, Steel Fabrication, Foundry/Chrome plating & Dewatering Services.
  
  Job Highlights:
   Spearheading the overall Finance for Group of division, UAE region and handling total of 7 companies.
   Present accurate business financial information in the form of Balance Sheets, Income Statements, Forecasts, etc. that will help in the identification of the financial performance of the organization.
   Managing VAT registrations, compliance and return filing with expertise and ability to assist on all tax matters.
   Forecasting cash flow positions, related borrowing needs, and available funds for investment.
   Monthly visiting to branches and making an appropriate measurement, review and investigation of performance to ensure that financial control is exercised in accordance with group policy.
   Responsible for complete preparation/documentation and review of all kind of Import & export Letter of Credit
   Managing and overseeing financial and tax audits of both internal and external auditors.
   Independently deliver customized training to Accounts & Finance Department.
   Liaison with Banks for company facilities and compliance with the bank procedures for maintaining the facilities and credit limits.
   Co-ordinate & furnish all required Financial data to credit Insurance Co. (Atradius/Euler Hermes) in order to obtain credit Facilities from international suppliers.
   Arranging Forward deal options for hedging currency exchange rate risk exposure for EURO & GBP.
   Arrange funds by way of short term loan and PPC discounting, monitoring the same regularly for meeting obligations on due dates.
   Consolidation of group accounts on quarterly & yearly basis.
   Checks and approves the day to day transactions of bank and cash.
   Responsible for monthly inter company reconciliations.
   Overseeing the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll, especially ensure that receivables are collected on given period of time.
   Utilization of banking facilities in best manner possible to reduce the bank interest cost.
   Define key performance indicators and provide monthly reports to the senior management.
   Address tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, year-end audit preparation and the support of budget and forecast activities.
   Supervising all processes like month and end-year process, accounts receivable, accounts payable, cash receipts, general ledger, payroll and utilities, treasury, budgeting, cash forecasting, revenue and expenditure variance analysis, capital assets reconciliations, fixed asset activity.
   Measuring and managing channel profitability and customer profitability.
   Lead in developing, implementing and maintaining accounting and administrative policies and procedures for a wide-ranging set of activities including financial accounting and reporting.
   Establishing guidelines for budget and forecast preparation, and preparing the annual budget in consultation with the Management.
   Provide strategic financial advice to the management to enhance the financial position of the organization by analyzing financial statements, identifying trends and providing corrective measures.
  
  KEY ACHIEVEMENTS: Trinity Holdings
   Assigned to lead and oversee total of 7 companies instead of 4 which were previously handled.
   Achieved VAT compliant from the scratch & succeeded VAT return filing of t7 companies without any hindrances.
   Drastically reduced the old debts & receivables which influence in the smooth running of monthly cash flow.
   Carried out in organizing the previous tangled or unsystematic filing and documentation of accounts department.
   Effectively succeeded in getting huge amount of banking facilities for the group.
   Played vital role during VAT implementation to ensure smooth functioning.
   Resolved long pending complicated financial issues of subsidiary company at Qatar
   Reported and interpreted serious discrepancies directly to upper Management.
   Recognized as a strong team player with high leadership skills with capacity to train and guide staff which resulted drastic changes in meeting strict deadlines of management.
   Improved internal control/document/Financial Management Reporting, systems, policy & procedures.
   Managed and supervised the cash flows, debt collection, accounts receivable and accounts payable for the Group.
   Timely submitted management accounts & external audit reports for proper Management decision making.
   Quick, Wise decision making & problem solving skills strengthen the finance department.
  

Experience as FINANCE MANAGER (Group)

• Employer

• From

  12 December 2010

• To

  30 November 2016

• Detail

   Succeeded in organising and obtaining huge amount of banking facilities for Automech Group.
   Played vital role in transitioning financial data from Oracle to Epicor (ERP) for accurate financial records.
   Successfully managed in negotiating better interest rate & finance charges with banks at the time of renewing banking facilities.
   Effectively rescheduled the payment terms with some of the suppliers & customers hence subsequently brought positive impact on cash flow cycle.
   Took part in drafting policies and procedures; helped in continually reviewing and setting up improvements to current procedures in the accounting & finance field.
   Attended various seminars on UCP 600 & implemented the new procedures to comply with the same.
  

Experience as ACCOUNTS MANAGER

• Employer

• From

  09 September 2007

• To

  10 November 2010

• Detail

   Monitored total LC operations of the entire Projects as per internal guidelines for Top Management satisfaction.
   Handled in the recovery of substantial amounts from the banks wherever interest and commission is charged in excess of the agreed rates and thereby the bottom line is strengthened.
   Provided guidance to colleagues on implications of Letter of Credit & clarify queries on various matters relating to Treasury operations to tune up the overall functioning of Treasury Department.
   Handled on time submission of reports to management and generation of contract cost reports needed for the project meeting.
   Protected project finance and various projects contract guarantees
   Ensured close scrutiny/assessment while preparing monthly Treasury Report and confirmed that all the information provided therein is supported by confirmations from financial institutions and thereby 100% accuracy of the report is assured to Top Management.
  

Experience as CHIEF ACCOUNTANT

• Employer

• From

  19 February 2003

• To

  05 August 2007

• Detail

   Undertaken internal audit of group Company at United Kingdom & US and streamline the books of accounts.
   Consolidated the financial statements of group companies at National Stock Exchange in India
   Took initiatives in learning the tasks and job responsibilities of other departments, other than accountancy and finance knowledge.
   Assisted all departments in contributing to the company’s overall efficiency.
   Developed an online accounting program which caused in the reduction & saving of time while maintaining correct and accurate records/documentations.
   Provided an excellent expertise on the online working of the ERP method of accounting package.
  
  

Experience as SENIOR ACCOUNTANT

• Employer

• From

  27 December 1998

• To

  16 January 2003

• Detail

   When Basem Freight Company was on the verge of closure, I took the initiative and spearheaded in collaborating and liaising with Unitex (one of the reputed company in China,), prepared and presented them with a strong business proposal. I have been the core instrumental in forming a successful business joint venture between Unitex & Basem Freight known as Unitex Basem Freight LLC.