Al Futtaim Group – Automotive Finance Shared Services
Accounts Manager – Systems, Process and Compliance
Worked on FI-Accounts Receivable, Accounts Payable, Credit Management, Asset accounting, Profit center Accounting, Management Reporting as SAP Super User and handling issues related to FI Integration with MM, SD, VMS and DBM7.
Part of VAT transmission team for system changes and implementation
VAT: Finalization of VAT returns, Reconciliation of input and output tax, Inter and Intra Company, ZVAT transactions and ensuring 100% compliance with VAT laws and regulations.
Supporting to all business users and guiding/assisting in VAT related issues.
IFRS 15 rollout and ensuring revenue is booking as per the International Financial Reporting Standards.
Aligning with internal and external auditors for timely completion of audits and implementation of internal audit recommendations.
Planning, scheduling, conducting Physical Inventory for Parts and Units across UAE and reporting of variances.
Highlighting Exceptions Reporting to management in order to mitigate the potential risks, identify weakness in the existing business processes, and provide corrective solutions for continuous improvement.
Initiating system and process improvements to ensure that the strong internal controls are in place and the best practices are being implemented across all business units. Making sure that all new processes are integrated with financial books and properly documented as “SOP’s”.
Gathering and validating new requirements from Finance Subject Matter Experts and passing them to SAP Functional Team. Carrying out system integration testing, user acceptance testing (UAT) to ensure that the solution is implemented as per business requirements.
Conducted Periodic training sessions to all concerned staff as per pre-determined objectives.
Ensuring compliance and bringing qualitative improvements in processes followed by the branches by conducting surprise branch visits.
Reviewing SAP authorization matrix to strengthen SOD compliance.
Adhoc reporting to management on special assignments.
Landmark Group - Retail
Assistant Finance Manager
Responsible for accounting compliance of all finance processes C2C, payables, receivables, provisions, capitalization, inventory accounting and month end closure. Circulating of MSI to corporate and Management.
Production of statutory accounts and ensuring timely completion of audit and resolution of all audit (internal and statutory) issues and queries.
Day to day monitoring of all payment releasing to vendors, ensure no cheque bounce cases. Authorized cheque signatory for the territory.
Actively involved in preparation of budgets, forecasts and continue monitoring & review of performance against budgeted forecasts to enable robust reporting of variances to the Management.
Monitoring Sales Margin that includes; comparing of Actual Margin with Agreed Margin, analyzing Negative Margin, Lower Margin & Markdown Analysis.
Preparation of financial feasibility for proposed new stores covering all financial indicators IRR, NPV, ROCE, payback period and sales BEP etc.
Responsible for providing monthly Stock MIS to general manager covering aging analysis, stock cover, shrinkage and damage analysis, negative inventory etc.
Responsible for scheduling and conducting of stock takes and ensure group SOP compliances.
Experience in implementation of stock controls to control shrinkage, damage and negative inventory.
Responsible for compliance of store BOE parameters and ensure all stores are following standard procedures in risk areas of operations. Conducted training to retail staff on process and compliances.
Implemented consolidated SOP for store operation covers the unique process to follow by all stores.
Conducted internal audits for HR, buying, warehouse and retail and ensure identified gaps are rectified as per the action plan.
Approving of purchases against OTB and ensure compliances of local buying policies.
Implemented internal control system for bills process, credit controls, PO raising and documentation to maintain.
Monitoring of weekly GIT from CDC to RDC, coordination with logistics to for closing of pending GIT if any to compile with policies.
Continuous monitoring of OPROS exceptional reports (Discount, price overrides, Manager Overrides etc.) and ensure all exceptional are as per SOP’s.