Cleon Britto - Finance Manager,

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Work Background

Voltron group of CompaniesFinancial Controls and Compliance Manager

May. 2023Dubai, United Arab Emirates• Overlooked the accounts department and reporting systems ensuring compliance with appropriate standards and regulatory requirements. • Responsible for External audit, dealing with banks and government bodies. • Communicates tax implications to operational and Management teams. • Involved in decision-making regarding the allocation of resources for long-term investment projects. This includes evaluating potential investments, estimating their returns, and selecting projects that align with the company's strategic objectives. • Deciding on the distribution of profits to shareholders through dividends. • Develop and implement tax strategies to minimize the organization's tax liability while ensuring compliance with tax laws. Stay informed about changes in tax regulations that may impact the company. • Lead or participate in merger and acquisition activities, including due diligence, valuation, negotiations, and integration planning. Evaluate the financial impact of potential acquisitions or divestitures. • Oversee cash management, liquidity, and capital expenditure. Develop strategies to maximize returns on investments while maintaining adequate liquidity for day-to-day operations. • Optimize the company's capital structure by balancing debt and equity to minimize the cost of capital. Make decisions regarding financing options and capital allocation. • Implement cost control measures to improve efficiency and profitability. Analyse cost structures and identify opportunities for cost savings without compromising the quality of products or services. • Develop and oversee the financial planning process, including budgeting, forecasting, and long-term strategic planning. Provide insights and analysis to support decision-making. • Identify, assess, and manage financial risks. Develop strategies to mitigate risks related to market conditions, unpredictable clients and other factors that may impact the organization's financial performance.

Voltron group of CompaniesAccount Manager

May. 2023Dubai, United Arab EmiratesProfessional Achievement • Implemented new system or ERP to cut time and facilitate better reporting. • Revised Pricing strategy in order to get in more profits. • Performed Financial Analysis to identify key areas of overspending and reduce additional Expenses. • Implemented internal controls to mitigate financial risks and ensure compliance with regulatory requirements. • Bad debt collection for more than AED. 2.5 million Related to dormant accounts. • Member of risk committee to review and assess all new projects from a financial and taxation side. Roles and Responsibilities • Planning, Budgeting and Forecasting annually for all 4 companies which are part of the group. • Monitoring variances and recommending corrective actions wherever necessary. • Ensure proper governance in place and compliance towards local laws, tax laws and IFRS. • Feasibility study and post investment analysis on new ventures. • Preparing companies strategic and investment plans to drive growth, profitability and sustainability. • Setting up a pricing strategy based on current market conditions and business requirements. • Designing incentive and bonus structure of the firm and updating it periodically. • Prepare and present accurate and timely financial statements, reports and analysis to the board of directors. • Manage and optimize cash flow, including working capital investments and debt financing. • Oversee a team of finance and accounting professionals providing leadership guidance and mentorship to promote their growth and development. • Create and maintain accounting manuals and other working documents as needed to ensure staff adhere to recommended practices and procedures. • Co-ordinate with external auditors and discuss tax planning and corrective measures. • Co-ordinate all audit schedules with all outside firms, investors, banks and government bodies. • Implement and maintain robust internal controls to safeguard company assets and ensure financial accuracy and integrity.

Voltron group of CompaniesManager Finance Account

May. 2023Dubai, United Arab EmiratesProfessional Achievement • Implemented new system or ERP to cut time and facilitate better reporting. • Revised Pricing strategy in order to get in more profits. • Performed Financial Analysis to identify key areas of overspending and reduce additional Expenses. • Implemented internal controls to mitigate financial risks and ensure compliance with regulatory requirements. • Bad debt collection for more than AED. 2.5 million Related to dormant accounts. • Member of risk committee to review and assess all new projects from a financial and taxation side. Roles and Responsibilities • Planning, Budgeting and Forecasting annually for all 4 companies which are part of the group. • Monitoring variances and recommending corrective actions wherever necessary. • Ensure proper governance in place and compliance towards local laws, tax laws and IFRS. • Feasibility study and post investment analysis on new ventures. • Preparing companies strategic and investment plans to drive growth, profitability and sustainability. • Setting up a pricing strategy based on current market conditions and business requirements. • Designing incentive and bonus structure of the firm and updating it periodically. • Prepare and present accurate and timely financial statements, reports and analysis to the board of directors. • Manage and optimize cash flow, including working capital investments and debt financing. • Oversee a team of finance and accounting professionals providing leadership guidance and mentorship to promote their growth and development. • Create and maintain accounting manuals and other working documents as needed to ensure staff adhere to recommended practices and procedures. • Co-ordinate with external auditors and discuss tax planning and corrective measures. • Co-ordinate all audit schedules with all outside firms, investors, banks and government bodies. • Implement and maintain robust internal controls to safeguard company assets and ensure financial accuracy and integrity.

Goldiama LLCManagement Consultant

Mar. 2023 - Apr. 2023Dubai, United Arab EmiratesUAE AML Compliance: Maintained 100% compliance with UAE AML regulations by implementing comprehensive risk management procedures in accordance with DNFPB guidelines Accounts Department Oversight: Streamlined accounts department processes, ensuring detailed and accurate documentation, which led to timely and error-free financial reporting. Oversaw accounts department compliance with IFRS, resulting in clean audits for X consecutive years. Revenue Strategy and Pricing: Collaborated with business partners to develop strategic pricing models, leading to a increase in revenue from new customer segments. Spearheaded the strategy planning for multiple revenue streams, resulting in a growth in profitability within a specific timeframe. Funding and Cost of Capital: Secured funding for projects by negotiating favorable terms with lenders, leading to a reduced cost of capital. Developed and implemented a comprehensive funding strategy, optimizing the company's capital structure and saving on financing costs annually. ERP System Implementation: Successfully implemented a new ERP system, resulting in improvement in workflow efficiency and reduced significant processing time. Led the implementation of a new ERP system, ensuring a smooth transition for all departments and minimizing disruption to daily operations.

Saleh Bin Lahej Group (SBL)Senior Accountant

May. 2018 - Feb. 2023Dubai, United Arab EmiratesInvolved in the preparation of quarterly and annual financial statements including annual balance sheets, processing supplier payments, petty cash reimbursement, fund transfers and commission clearance. Work on VAT reconciliation and monthly filing as per FTA guidelines, monthly reconciliation and ensure its correctness in trial balance. Manage fixed and current assets and monitor their additions and deletions. Focus on monthly submission of performance indicators of costing, profit and loss statements, payables and receivables to the management Ensure an accurate and timely month-end, quarterly and year-end closing of the books. Prepare & present the consolidated income statements and divisional profitability analysis, variance analysis. My role also entails book keeping (ledger posting, account maintenance, bank reconciliation) including audit and finalization of accounts. Prepare schedules, prepayments and provisions. Prepare and maintain accounts based on the Accounting Standard (IAS and IFRS) followed in the country. Monitor regular activities of all projects to ensure smooth operation with regards to financial activities. Function as the point of contact for external auditors and closely work with them by providing relevant information, schedules and explanations to ensure the smooth completion of audit process.

Saleh Bin Lahej Group (SBL)Accountant

May. 2017 - May. 2018Dubai, United Arab Emirates

Saleh Bin Lahej Group (SBL)Assistant Accountant

May. 2015 - May. 2017Dubai, United Arab Emirates

Saleh Bin Lahej GroupSenior Accountant

Aug. 2014 - Feb. 2023Dubai, United Arab EmiratesCore Responsibilities • Responsible for Audit and Finalisation of accounts. Preparation of various schedules, prepayments and provisions. • VAT and other Tax Regime: Ensure the monthly VAT submissions are done on time. • Ensure an accurate and timely month-end, quarterly and year-end closing of the books. • Responsible for the monthly MIS reports of the company. Prepare & present the consolidated income statements and divisional profitability analysis, variance analysis. • Manage the company's Budget and report to management on variances from the established budget, and the reasons for those variances. • Controlling cash flow and follow up collections to ensure sufficient funds for operational requirements. • Overseeing the whole accounting system to ensure that it is prepared by strictly adhering to Accounting Standard (IAS and IFRS) followed in the Country. • Monitoring the regular activities of all projects to ensure smooth operation with regards to financial activities. • Closely work with the Head of Finance in delivering timely and accurate financial information, planning and creating accounting policies and reviews. • Handling the Bank Reconciliation of the company, liaising with the Bank for day today operation. • Responsible for the Trade Finance operations of the company. Handle the Letter of credit, Acceptances, Local bill discounting, Bank guarantees, etc and liaise with the Bank RM daily for day-to-day activities. • Handling End to End payroll including for the company including WPS transactions. • Coordinate with the supplier (Local & Overseas) for timely payments and other issues. Ensure the accuracy of the costing of all the GRN and initiate for the payments to supplier. • Responsible for the Fixed Asset Management, Intercompany transactions and other ad-hoc requirements from the Management. • Verify and distribute the incentive calculations of the sales staffs based on the collection from the customers. Other Responsibilities • Engage in ongoing co