HAKIM PATHAN
Finance Manager
As Salimiyah,HA
Summary
Business-minded Finance Manager promoting more than 17 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
17
17
years of professional experience
Work History
Finance Manager
Pro-Design Group
12.2015 - Current
- Prepare business plans, quarterly, and long-range forecasts
- Responsible for Working capital free cash flow forecast and actual performance for the business
- Develop and maintain timely and accurate financial statements and reports that are appropriate and by generally accepted accounting principles (GAAP) and International Financial Report Standards (IFRS)
- Oversee the monthly closing process to ensure it is completed quickly and accurately
- Maintain contact with Relationship managers at banks
- Prepare periodical reports in respect of the loans and the collaterals with various banks and the actions taken during the current month & and year-to-date
- Ensure rollover and renew the loans on maturity
- Ensure adequate funds are available in time for interest payments
- Controlling bank activity like overdraft facilities, promissory note facilities, LC facilities, etc
- Coordinate with the bank to get the credit facility for new projects and same to submit the required feasibility report to bank management till they get approvals from the bank for current & required facilities
- Perform cash flow forecasting, budgeting, and working closely with the operations team in analyzing margins, variances, and cost analysis
- Preparation of reports daily, weekly, and monthly which include but are not limited to sales analysis, food and beverages cost reports, and monthly management accounts
- Deep insight control of inventory level & ordering system
- Review of accounting and administrative controls
- Establishes system controls and develops procedures to improve existing systems
- Coordinate internal and external audits, including ownership of audit comments closure, and prepare all supporting information for the annual audit
- Support special projects/strategic initiatives as required
- Ensure all businesses and assets under your control are always properly insured through a reputable insurance company, and claims are processed timely with appropriate
- Overview of financial reports, profit and loss accounts, balance sheets, cash flows statements, and other financial analysis required for the growth of the company.
Finance Manager
Al Muhaisen Group Co. (Nusaiba Foodstuff Co,)
12.2014 - 11.2015
- Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll
- Provides monthly management accounts, budgets, and forecasts to aid business planning and relevant management decisions
- Supervises and participates in the preparation of various financial statements and reports
- Prepare the projected future cash flow reports
- Controlling bank activity like overdraft facilities, promissory note facilities, LC facilities, etc., and same controlling the bank outflow as per the available funds
- Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, operating expenses, and insurance records
- Directs and participates in cost analyses and rate studies
- Prepares statements and reports of estimated future costs and revenues
- Deep insight control of inventory level & ordering system
- Establishes system controls and develops procedures to improve existing systems
- Coordinates preparation of external audit materials and external financial reporting
- Directs and reviews the accounting, timekeeping, payroll, inventory, property, and other related procedures and controls
- Prepares financial reports, profit and loss accounts, balance sheets, cash flow statements, and other financial analyses for the assigned company.
Investment Accountant
Mezzan Holding Company K.S.C.C (Wedian Real Estate Co. & Amlak Holding Co.)
12.2011 - 12.2014
- Compile and analyze financial information to prepare financial statements including monthly, Quarterly, and annual accounts as per IFRS
- Ensure all financial transactions are recorded on time and are maintained in compliance with accepted policies and procedures
- Lead the Annual Budgeting and forecasting for the year
- Report monthly divisional P&L variance analysis related to budget and forecast
- Handling full accounts up to the finalization of 2 Main & 4 subsidiary companies
- Prepare & present financials on a monthly, quarterly basis, and at year-end
- Report, review, and monitor project progress for proper revenue, accounting, and follow-up of the reports on accounts receivable and collection
- Perform & review the budget against actual trading performance every period
- Deal with the bank regarding the overdraft and Credit Limit facility and fix the interest rate charges after comparison with the lowest market rate
- High attention to the quarterly interest payment of the bank and ensure that interest charges do not exit the budgeted interest amount
- Regular view on fund transfer requests, approval, and call back confirmation from banks regarding fund transfers
- Regularly dealing with international banks in (Bahrain & UK)
- Maintain the proper cash inflow and outflow for the bank and ensure that suppliers receive the funds at the appropriate time
- Forecasting fund of the company regularly which allows the projected cash for new Business to act quickly & appropriately
- Ensure all banking transactions are updated to meet the financial reporting deadlines
- Undertake focused analysis on Return-on-Investment performance, & Investment ongoing costs reviews
- Analyzing Local and Foreign Investments performance & profitability
- Prepare reports, studies, and plans of action for investment, using financial analyses
- Evaluate and compare the relative quality of various investment proposals in a given industry
- Collaborate with other finance department staff to support overall department goals and objectives
- Handling Finalization of 2 Subsidiary Company Located in the United Kingdom as per the Law & Procedure
- Financial audit preparation and coordinating the audit process.
Accountant
Middle East Business Solution (MEBS)
01.2009 - 11.2011
- Preparing monthly financial reports and related analyses (Balance Sheet, Profit, and Loss A/C)
- Maintaining the accounts viz: purchases, sales, cash/bank payments, together with financial reports e.g., Monthly Invoices to Clients, Bank reconciliation, costing, and other related work
- Preparing the Monthly and weekly Payment Plan report and submitting it to the Financial Controller
- Prepare Budget V/s Actual Payment Plan reports every week
- Prepare the Unearned revenue monthly and pass the journal voucher entries
- Providing the management reports to Finance and higher management as and when required
- Address the requirements of Auditors
- Keep track of the cost of the company, cost analysis, and cost reduction.
Financial Associates
State Street Syntel (Pune, India)
06.2007 - 12.2008
- Cash Reconciliation of accounting as per custody
- Recommend, develop, and maintain financial databases and manual filing systems
- Responsible for the complex specialized accounting of financial records
- Internal Audit functions, various accounting functions Which include processing payments, vouchers, maintaining accounting system, management-reporting maintaining.
Education
CMA -
Institute of Certified Management of Accountants, (ANZ)
Master of Business Administration (Finance) - undefined
Algappa University (India)
Bachelor of Commerce (Costing, Taxation, and Law) - undefined
Pune University (India)
Skills
Financial Management
Financial Analysis
Strategic Planning
Cash Flow Management
Financial Budgeting
Performance Analysis
Skilled in SAP enterprise , SAPBOne
Project finance
Business Forecasting
Mentoring and training
Cost accounting
Budget Forecasting
Debt management
Working capital management
Portfolio Management
IFRS Knowledge
Workflow Coordination
Financial Reporting
Financial analysis and reporting
Teamwork and Collaboration
Problem-solving abilities
Accounting management
Analytical Skills
Multitasking
Time management abilities
Budget Planning
Excellent Communication
Personal Information
- Date of Birth: 08/18/82
- Nationality: Indian
- Driving License: Valid Kuwait Driving License
- Visa Status: Transferable (18)
Languages
English
Hindi
Gujrati
Arabic
Timeline
Finance Manager
Pro-Design Group
12.2015 - Current
Finance Manager
Al Muhaisen Group Co. (Nusaiba Foodstuff Co,)
12.2014 - 11.2015
Investment Accountant
Mezzan Holding Company K.S.C.C (Wedian Real Estate Co. & Amlak Holding Co.)
12.2011 - 12.2014
Accountant
Middle East Business Solution (MEBS)
01.2009 - 11.2011
Financial Associates
State Street Syntel (Pune, India)
06.2007 - 12.2008
CMA -
Institute of Certified Management of Accountants, (ANZ)
Master of Business Administration (Finance) - undefined
Algappa University (India)
Bachelor of Commerce (Costing, Taxation, and Law) - undefined
Pune University (India)