Khudairi GroupAssistant Finance and Accounts Manager
Jun. 2019 - Dec. 2021Uae- Assist Director Finance & Accounts on Strategic Planning & Critical Decision Making β develop a road map to achieve Short & Long- Term Objectives for the Group.
- Review & Finalization of Financial Models / business plans + sensitivity Analysis for the Group's existing & new ventures.
- Evaluate the validity of assumptions & valuation methodologies, by in-depth Analysis & Industry benchmarking.
- Review market research reports on latest developments relating to existing business units and identifying potential ventures for future Analysis.
- Analyze product pricing, cost of contracts, labor utilization & efficiencies.
- Establish & maintain a thriving relation with the UAE Local & International Banks for Onshore (UAE) & Offshore (Iraq + US)
Companies.
- Identify & Evaluate Banks & their facilities for most effective & efficient alternative for raising Finance for the Group, Credit Lines, LCs, PBs, interest rates & Cash Flow Management.
- Review & Preparation of Consolidated Budgets and effective variance analysis during the Year. Suggest recommendations to Curtail costs & expenses.
- Review & Consolidation of Financial Statements, Monthly Group Reporting to Director F & A + UBOs.
- Provide accurate, reliable & timely project specific reports to the Management & UBOs to aid in decision making.
- Review Group Accounting Records, Financial Statements & Financial Reports for accuracy, completeness and conformance to
IFRS Standards.
- Review of monthly and weekly MIS Reports for Business Units.
- Monitor month-end Closing for books - Revenue Recognition, Cost, provisions, depreciation, payroll postings, asset capitalization etc.
- Liaison with External Auditor to ensure timely Audit Completion for Group.
- Registration of subsidiaries for VAT, ensure accurate, timely & reliable Quarterly VAT Disclosure on FTA Portal.
- Established proper accounting methods, policies & principles, including employee training for accurate and timely book keeping for Offshore Companies