SUMMARY:

• Accomplished industry professional possessing 12+ years of experience in Financial Management, Financial Accounting, Management Accounting, Financial Reporting, Cash Flow Management, Fund Management, Operations Management, Treasury Management, Budgeting and Forecasting, and People Management.
• Excellent knowledge of managing and presentation of financial data, extensive exposure in Financial Accounting & Reporting, Management Accounting, Taxation & Compliance, Tactical Alliance and Custody Operations

CORE COMPETENCIES:

• Financial Accounting
• Management Accounting
• Treasury Management
• Budgeting & Forecasting
• Auditing & Taxation
• Fund Accounting
• Business Strategy
• Fund Valuation
• Regulatory Compliance
• Operations Management
• Regulatory Reporting
• Due Diligence
• Start - up & Turnaround
• Administration
• System Implementation

PROFESSIONAL EXPERIENCE:

Confidential

Finance Manager 

Responsibilities:

• Overall responsible and accountable for the accounting & finance functions for this entity as well as managing the consolidation of accounts of its Parent entities and subsidiaries.
• Responsible for preparing stand alone and consolidated Financial Statements (P & L, Balance Sheet, Cash Flow Statements etc) for the group to be published and for the company’s senior management, which are in line with International Financial Reporting Standards (IFRS’s).
• Liaising with auditors (one of the Big four) during the quarterly reviews and year end audits also forms major part of my responsibility. This includes analyzing the Management Letter given by the external auditors which highlights the control deficiencies within the orgernisation, risk management strategies, Corporate Governance etc. I’m responsible in handling the report and providing appropriate recommendations to the senior management and board to implement the necessary changes.
• Analyzing company MIS reports on a regular basis (daily, monthly etc.) and providing appropriate recommendations to the senior management and the board. These reports are based on cost allocation and control, profitability, liquidity, turnover etc. These reports are used by all levels of the company’s management for Operational and Strategic decision making.
• Manage the reconciliation of bank balances and customer balances on a daily/ weekly basis to ensure no errors and/ or omissions have taken place.
• Providing monthly, quarterly and yearly reports to the Central Bank of Bahrain (CBB).
• Cash flow management of the company and coordinating with banks on it. This includes making the best use of the company’s excess funds as well as funding working capital gaps in the most financials viable way.

Confidential

Senior Accountant

Responsibilities:

• Responsible for preparing standalone Financial Statements (P & L, Balance Sheet, Cash Flow Statements etc) for the company to be published and for the company’s senior management, which are in line with International Financial Reporting Standards (IFRS’s).
• Liaising with auditors (one of the Big four) during the quarterly reviews and year end audits also forms major part of my responsibility.
• Providing MIS reports to the company’s senior management on a regular basis (daily, monthly etc.). These reports are based on cost allocation and control, profitability, liquidity, turnover etc. These reports are used by all levels of the company’s management for Operational and Strategic decision making.
• Reconciliation of bank balances and customer balances on a daily/ weekly basis to ensure no errors and/ or omissions have taken place.
• Providing monthly, quarterly and yearly reports to the Emirates Securities and Exchange Commission (ESCA)
• Cash flow management of the company and coordinating with banks on it. This includes making the best use of the company’s excess funds as well as funding working capital gaps in the most financials viable way.
• Coordinating and approval of customer cash / securities deposits and withdrawals. Approval of customer deposits and withdrawals is a day to day routine job which includes checking if all documentations are correct and all other relevant things are in place.
• Conducting UAT for certain new software’s which are in-house developed by the company (e.g. the recently developed accounting system). This included the coordination with the IT department for all GL parameter setting and mappings of various accounts and creation of new reports.

Confidential

Responsibilities:

• Managed the Fixed Assets register of the bank (purchases, disposals, transfers etc).
• Reported HMI/ TMI on the banks fixed assets and proposed new branches.
• Recorded any gains of losses on the sale of Fixed Assets.
• Prepared the Annual Operating Plan (Budget) for the Banks fixed Asset requirements and also on the Special Projects to be undertaken (opening of new Branches, introduction of new products, system upgrades etc). This included the calculation of estimated depreciation and the effect on the Income Statement and profitability.
• Prepared Head Office Returns (mainly on fixed assets, staff non contributory pension fund) which includes adjustments for IAS/ IFRS which are submitted monthly, quarterly and annually.
• Reported to the Central Bank of Maldives on Confidential Maldives branch’s financial position. These reports are sent weekly, monthly, quarterly and yearly which includes a summary Balance Sheet, Income Statement, details of major assets and liabilities, Off Balance sheet items, Contingency assets and liabilities etc.
• Prepared the banks statutory accounts to be published (Income Statement, Balance Sheet, and Cash Flow statement together with the supporting notes) for both Domestic Banking Unit (DBU) and the Foreign Currency Banking Unit ( Confidential ).
• Carried out a physical verification of fixed assets.
• Managed the Staff Pension and Provident Fund
• Prepared Financial Statements and coordination of the external and internal audits for the above two funds (Income Statement, Balance Sheet and Cash Flow etc).
• Provided information to the bank Actuary to do the Pension Fund’s Actuarial Valuation.
• Preparation of a variance analysis report on the departments profits, income and expenditure.
• Reported Funds Under Management (FUM) to the head office in Hong Kong on a quarterly basis
• Allocation of department cost to the Unit Trusts which Confidential acts as Trustees to. This is similar to an Activity Based Costing (ABC) system
• Preparation and reconciliation of Financial Statements (Trial Balance, Income Statement, Balance Sheet and Cash Flow Statement) for six Unit Trusts (National Equity Fund, Namal Growth Fund, Comtrust Equity Fund, Pyramid Unit Trust, Vanik Sashrika Index Fund, Vanik Sashrika Income Fund). These funds are Equity Based funds, Fixed Income funds and also mixed funds.
• Invested on behalf of funds as per Fund Manager Instructions (Treasury Bill Repurchase Agreements, Treasury Bills, Shares, Bonds, Commercial paper etc).
• Preparation of valuation reports for the funds on a daily basis (The valuations are done on present market values of investments less liabilities).
• Preparation of Income Tax computations and also dealing with other taxation issues (Withholding Tax, Economic Service Charge, Debit Tax, VAT etc)
• Compliance checking. Checking if all the investments done by the fund are in accordance to the Trust Deed, Trust Code and also the Securities & Exchange Commission Directives. This checking is done on every investment on a daily basis.
• Reconciliation of Bank balances on a daily and monthly basis.
• Filed monthly returns for the funds to the Securities & Exchange Commission of Sri Lanka. This report was filed monthly and is based on the value of the funds and its performance.
• Handled of Redemptions and Creations of units as and when unit holders wish to do so.
• Handled Dividend Distributions when funds declare dividends. This is similar to a company declaring dividends.
• Approved Advertisements when the Fund Managers decides to publish a public advertisement on behalf of the respective funds.