AJ TRONICS Fzco
Accounts/Finance Manager Tronic is one of the leading electrical brands in east African countries. The company covers with infrastructure of factory set up for production/Wholesale and direct retail outlet in Dar-es-Salam, Uganda, Kenya, Zambia and Dubai. and experience gained; Introduced Economic Order quantity(EOQ) model for controlling the stock levels that reduced dead inventory level by 85% and increased in profitability as well as the liquidity of the company; Prepared financial feasibility/infrastructure/accounting module for various investment opportunities; Successful arrangement of project financing worth more than 20 Million Dirhams. Job Role: Accounting/Finance Financial Reporting Prepared/reviewed monthly, quarterly, half yearly & yearly financial statements of the company; Prepared/reviewed monthly and on ad-hoc basis executive summaries/dashboards for CFO and Board review; Participated in management meeting for assessing performances against targets; Prepared Bank liabilities & utilization liquidity reports. Financial Analysis [ Analyzed & Interpret financial results of the company. Analyzed revenue, cost of sales, gross profit, return on investments, customer profitability and; ensured financial and commercial risk identified and mitigated appropriately; Support decision making by providing ongoing and ad hoc analysis from financial perspective; Funds Management Dealt with the banks for banking facilities e.g., Letters of Credit(LCs), Trust Receipts(TRs) Letters of Guarantees(LGs), Financing & long term loans; Rolling cash flow forecasting, cash position, related borrowing needs, and available funds for investment; Ensured that sufficient funds are available to meet ongoing operational and capital investment requirements for the company; Maintained banking relationships; Facilitated, coordinated and provided all necessary financial information to external auditors to ensure that the financial statements of AJ Tronics Fzco were as per international accounting standards; Designed company's standard operating procedures; schedule of authority and signatory authority limits that led to minimization of stock and cash pilferage; Prepared monthly and annual budgets, and reviewed any variations from budgets for corrective actions.