Finance Manager

Aimal Khan - Accounts & Finance Professional (UAE)

Position: Chief Accountant, Finance Manager & VAT Manager

Experience: 8+ Years

Qualification: ACCA, CAT, B.Sc. Finance, Grade XII

Mail: *************@*****.***

Mobile: +971-**-*******

LinkedIn: https://www.linkedin.com/in/aimal-khan-acca-bsc-hons-finance-91457945/

Current Location: Dubai, UAE

Career Summary:

A Goal-driven, highly skilled Accounts & Finance Professional with over 8 years of financial management and accounting experience including 5 years in prominent and well Known MNC's in UAE. Moreover, having a strong command over cash flow management, project accounting, and financial reporting. Highly skilled individual experienced in financial analysis, compliance, accounts reconciliations & general ledger control. Having extensive knowledge of accounts payable accounts receivable and accounts finalization & Consolidation. Adept at bookkeeping, variance analysis, budgeting & forecasting, petty-cash operation and reporting. A Proficient finance expert who aligns financial initiatives to achieve strategic objectives.

Core Area Of Expertise:

Cash Flow & Reporting

Month & YE Closing

Forecasting & Budgeting

Financial Planning & Analysis

Internal & External Audit

Variance Analysis & Internal Control

Consolidation & VAT

Product Profitability

Risk Management

Specific Job Achievements:

Till date, being part of more than 10projects worth AED 300M in project accounting, feasibilities & planning role.

Involved in revised follow-up, screening checks, credit limits & loyalty schemes, led to increasing recovery by 20%.

Increased cash flow by 16%, stretched payables, payment incentives, leases, tightened inventory& discounts.

Reduced Debtors days by 30% via reduced trading terms, payment upfront discounts& screening procedure.

Managed financial bookwork including all bank reconciliations, cash flow statements, and projected budgets.

Supervised and trained a team of staff accountants in daily job responsibilities, which ensured proper handling of all financial and accounting transactions.

Designed daily cash flow report summarising inflows and outflows to numerous bank accounts resulting in 30% savings in cost of funds.

Established MIMIR Dashboard for Key KPI both Financial and Non-Financial.

Received recognition from company Managing Director for outstanding performance and attention to detail.

Provided an exceptional level of support concerning banking initiatives, which enabled management to make sound business decisions.

Professional Experience Summary:

Finance Manager at Sans Frontiers’ (Hospitality Group)-UAE June 2015 - Present

Finance Manager at Mala Group (Hospitality Group)– UAE June 2013 – June 2015

Analyst Management Accounts Budget & Financial Analyst at MTN-AFG Aug 2010-April 2013

Audit Officer at HLBI Chartered Accountants – Pakistan Sep-2007 - Feb 2010

(Details on Next Page)

Professional Qualifications:

B.Sc. (Hons.) in Applied Accounting from Oxford Brooks University, UK

Graduation (Economics) from Alkhair University, Pakistan

Association of Chartered Certified Accountants ACCA (UK)

Association of Chartered Certified Accountants CAT (UK)

Language & Expertise in Accounting Software’s:

English, Persian, Urdu & Hindi advance level in writing, reading, speaking & listening

Hyperion, SAP, Microsoft Dynamics, QuickBooks, Peachtree, Sage, Tally ERP, Hard Cat Asset MGT and Advance Excel

Honors & Awards

Employee of the Year at MTN For Establishing MIMIR Dashboard

Professional Experience:

Finance Manager at Sans Frontiers’ Tourism (Hospitality) -UAE June 2015– Present

Providing and interpreting financial information;

Monitoring and interpreting cash flows and predicting future trends;

Analysing change and advising accordingly;

Formulating strategic and long-term business plans;

Researching and reporting on factors influencing business performance;

Analysing competitors and market trends;

Developing financial management mechanisms that minimize financial risk;

Conducting reviews and evaluations for cost-reduction opportunities;

Managing a company's financial accounting, monitoring and reporting systems;

Liaising with auditors to ensure annual monitoring is carried out;

Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations;

Producing accurate financial reports to specific deadlines;

Managing budgets;

Arranging new sources of finance for a company's debt facilities;

Supervising staff;

Keeping abreast of changes in financial regulations and legislation

Developing Strategies For Sans Frontiers To Abreast as per group requirements.

Negotiation with Banks for Working Capital and Overdraft Management.

Contract Arrangement and overseeing prices hikes and vendor management.

Implementation of VAT structure in accounting Cycle. Filling and return submission portals embedding in system.

Finance Manager at Mala Group (Hospitality) – UAE June 2013 – June 2015

Providing financial reports and interpreting financial information to managerial staff while recommending further courses of action.

Preparing Month End, Quarterly and yearly consolidated Financials

Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans

Conduct reviews and evaluations for cost-reduction opportunities.

Oversee operations of the group finance department, set goals and objectives, and design a framework for these to be met

Correspond with various other departments, discussing company plans and agreeing on future paths to be taken

Provide insightful information and expectations to CFO to aid in long-term and short-term decision making

undertaking strategic analysis and assisting with strategic planning

carrying out business modeling and risk assessments

undertaking research into pricing, competitors and factors affecting performance

monitoring and interpreting cash flows and predicting future trends

Accountable for F&B menus on the Yacht Charterer and Cost Reduction in Food Catering

Overseeing the preparation of financial reports, charts, tables and other exhibits as requested

Assisting the Financial Planning & Analysis (FP&A) business unit analysts by being first point of contact for issues and questions.

Carrying out the identification of non-value added processes within the department and seeks solutions.

Establishing Dashboard for Tariffs and Contract management via Advance Excel Dash boarding.

Analyst Management Accounts MTN -Afghanistan –Mar-2010-July- 2011

Shouldered the responsibility of managing Budget Department.

Test assumptions against historical performance and other financial ratios

Preparation of quarterly dynamic forecasts, based on actual performance of each department, by evaluating historical trends and ensuring the forecast reflects the correct assumptions

Variance analysis report on a quarterly basis – such as Forecast vs. Actual, Forecast vs. Budget, Forecast vs. Previous Forecast and ensuring that OFA figures reflect company forecast as per submissions from departments

Loading MTNA quarterly forecast on the Group forecast software

Interpreting accounting/financial information to evaluate financial performance of MTN OPCO business operations

Carried out the analysis of operating reports for MTN OPCO and report on variances against budgets

Assisted in the year-end audit and statutory and regulatory returns to ensure compliance with relevant legislative and regulatory requirement.

Indirect Taxation GST and Vat Calculation and liaising with respective Ministry of Commerce.

Collaborated cross functionally on Electronic Data Warehouse project (EDW) and the integration of 3 Financial Systems (IFS, OFA and Hyperion)

Analyst Budgeting and Financial Planning MTN-Afghanistan-Aug-2011-Apr-2013

Looked after the preparation of templates & formats for divisional budget (Capex Opex-once a year)

Handled the generation and analysis of ratios, to be submitted to MTN Group on a monthly basis

Ensured control over PPOE (Project Plan Of Execution) for finance division

Supervised the generation of Business Performance Report (BPR) budget template on monthly basis

Verified and provided executive report to EXCOM

Assisted in the Creation of Monthly Presentations and Governance Reports

Significant Contributions:

Became the lead “go-to” person for the successful deployment of MIMIR and gained recognition as Champion of the Project; meticulously contributed in the Dashboard testing and acceptance with OPCO Financial data, thereby ensured data/report accuracy.

Auditor at HLB International (Audit & Tax Services) – Pakistan Sep 2007 – Feb 2010

Carried out the audit of planning, assessing the risks, managing audit team, completion of work within allocated

Instrumentally applied test of controls/substantive tests on fixed assets, debts, leases, receivables and payables, inventory, revenue, employee compensation

Maintained financials (includes Balance Sheet, Income Statement, Changes in Equity, Cash Flow) and finalized accounts in accordance with IFRS and IAS

Conducted analytical analysis (Ratio Analysis) – Profitability, liquidity, efficiency, debt management ratios and aging analysis.

GST, Indirect Taxation (VAT) filling and returns for corporate clients.

Setting VAT and Direct Tax structure in in Accounting Software mainly in MS dynamics and Quick Books.

Setting up Entire for VAT structure along with Direct GST to avoid compliance with respective ministry issues.

Setting up Chart of accounts respective VAT Payable and Receivable monitoring and Controlling VAT Returns

Filling Tax Returns with Ministry of Economy with equipped supporting documents.

Outsourced Internal Auditor for ARIANA Afghan Airlines.

Evaluated information security and associated risk exposures

Analyzed regulatory compliance program with consultation from legal counsel

Evaluated the organization’s readiness in case of business interruption

Maintained open communication with management and the audit committee

Teamed with other internal and external resources as appropriate

Engaged in continuous education and staff development

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