Fasil Bachi Sulaimanakath
Dubai,UAE
Summary
Motivated Manager with excellent business acumen and broad experience across finance and operations roles. Highly adaptable and self-motivated leader with proven ability to manage diverse stakeholders. Offers strong analysis and innovation to identify solutions to challenging problems. Collaborative team player with excellent interpersonal, communication and conflict resolution skills.
Overview
15
15
years of professional experience
Work history
Manager- Accounting & Controllership
FAKIH IVF GROUP, NMC HEALHCARE LTD
DUBAI
10.2023 - Current
- Review, Analyze and Timely consolidation of Fakih IVF Group Consolidation pack.
- Analyze financial data, trends, and key performance indicators to provide valuable insights to senior management.
- Cash Flow analysis and monitoring
- Monthly Financial Reporting to the Group CFO
- Monthly Trial Balance scrutiny
- Ensure compliance with local, state, and federal financial regulations, as well as generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).
- Preparation of other financial reporting requirements as and when required.
- Daily Meeting and discussion updates with regards to Fakih Corporate Consolidation, Controllership and Audit
- Advise and monitoring on the implementation of new accounting policies.
- Provide guidance and support to other accountants as needed.
- Manage financial audits, working closely with external auditors to provide necessary documentation and explanations.
- Assist in Internal Auditing activities by providing necessary information and preparing requested documents.
- Lead and mentor a team of accounting professionals, fostering their growth and development.
Finance operations manager
Fakih IVF Fertility center LTD
ABU DHABI, UAE
10.2021 - 10.2023
- Implemented efficient accounting systems for streamlined operations.
- Enhanced profitability with improved revenue management strategies.
- Facilitated cost reduction through careful expense tracking.
- Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets.
- Streamlined financial processes by enhancing operational efficiency.
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Served as finance business partner to drive strategic business decisions.
- Managed daily finance services for smooth business operations.
ASSISTANT ACCOUNTS MANAGER
BAREEN INTERNATIONAL HOSPITAL, NMC HEALTHCARE PLC
ABU DHABI
10.2019 - 09.2021
- Check, verify & Consolidate the Financial statement of the group accurate, timely & in accordance with accounting policies and IFRS Standards.
- Overseas all day-to-day financial accounts across all the activities unit wise.
- Consolidation of Daily MIS report of the cluster and reporting to the Top-level Management.
- Analyse Financial Statements for discrepancies and other issues to ensure statements are accurate and in compliance with policies and standards.
- Prepare & forecast the Budget and highlight any deviation from it that might affect the cashflow and the result.
- Review & recommend modification to accounting system and procedures as per the latest IFRS standards.
- Oversee work performed by subordinates, review their output and ensure that the deadlines are met.
SENIOR ACCOUNTANT
FAKIH MEDICAL CENTER LLC, NMC HEALTHCARE PLC
ABU DHABI
09.2017 - 09.2019
- Managed entire accounting cycle from data collection and analysis to HMRC lodgement.
- Generated and presented monthly financial statements to senior management.
- Conducted audits on financial processes and transactions to identify discrepancies.
- Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
- Adhered to strict accounting standards, promoting financial integrity throughout the organisation.
- Led team of junior accountants; ensured high quality work output.
- Assisted in tax preparations, avoiding penalties and late fees.
- Analysed files and accounts for discrepancies, accurately resolving variances.
- Managed complex fiscal transactions, ensuring compliance with regulations.
- Conducted comprehensive budget reviews for cost reduction opportunities.
- Prepared reports and presentations for executives with excellent copywriting and data visualisation.
- Prepared detailed financial reports to aid strategic planning efforts.
- Prepared monthly profit and loss, balance sheet and cash flow reports with exceptional accuracy.
- Reduced discrepancies in financial statements through meticulous record keeping.
GENERAL ACCOUNTANT
DUBAI LIFE TV, DUBAI TECOM
DUBAI
04.2015 - 06.2017
- Managed financial transactions efficiently by recording, summarising, and analysing data.
- Prepared [Timeframe] management accounts to assess company profitability in line with [Type] strategy.
- Identified potential areas of cost reduction through detailed expense analysis-contributed towards strategic business planning.
- Expedited invoicing processes, resulting in reduced payment cycles and improved customer relations.
- Negotiated favourable terms with vendors to optimise cost savings without compromising quality or delivery timelines.
- Assisted in payroll processing tasks, guaranteeing error-free disbursement of salaries on time every month.
- Improved cash flow management through effective accounts payable and receivable tracking.
- Maintained integrity of general ledger, including chart of accounts.
- Prepared comprehensive balance sheets for the end-of-year financial review process.
- Updated journal entries and accounts on accrual basis with Xero software.
- Conducted monthly reconciliation of bank statements, leading to timely detection of any irregularities.
ACCOUNTANT GENERAL
BOWLING CITY ,PIONEER VISION GROUP
ABU DHABI
10.2012 - 12.2014
- Retained clients' trust with timely and accurate invoice preparation.
- Enhanced transparency with regular financial report generation.
- Oversaw payroll functions, ensuring employee satisfaction and retention.
- Liaised with external auditors during annual audits.
- Created periodic reports comparing budgeted costs to actual costs.
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Created quarterly and yearly balance sheets to track financial trends and performance.
- Resolved reporting errors by conducting investigations and amending accounting entries in line with regulations.
- Performed periodic expense variance analysis between budget, forecast and actual amounts.
- Supervised inter-company reconciliations & bank reconciliations.
- Managed invoicing, daily revenue reports, cash payments, bank deposits, receipts, cash reconciliation and petty cash audit
- Prepared monthly cash, revenue report and comparison report into excel spread sheet for analysis and reported to the chief Accountant & Finance Manager
ACCOUNTS & AUDIT EXECUTIVE
VARMA & VARMA CHARETRED ACCOUNTANTS, INDIA
01.2010 - 08.2012
- Conducted thorough investigations for fraud detection.
- Reviewed company policies for alignment with regulatory requirements.
- Developed comprehensive audit strategy to align with business demands.
- Enhanced operational efficiency by implementing effective audit procedures.
- Communicated audit findings to management effectively, contributing to informed decision-making.
- Developed robust audit plans, ensuring systematic procedure execution.
- Assessed financial statements for disclosure of pertinent information.
- Completed risk assessments to mitigate potential financial threats.
- Identified trends, discrepancies and inefficiencies, suggesting actionable improvements to address audit findings.
- Coordinated workflow to complete comprehensive financial, operational and compliance audits.
- Identified revenue leakage points through meticulous analysis.
- Advised clients on best practices to improve their financial health and compliance measures.
- Prepared audit reports, providing clear description of findings and issues identified and recommending appropriate solutions.
- Ensured high-quality financial reports with thorough data analysis.
- Resolved invoice coding and tracked recurring expenses for accrual entry.
Education
MBA Finance - undefined
09.2007 - undefined
B Com - undefined
07.2004 - undefined
Skills
- Corporate Finance
- Group Consolidation
- Budgeting
- Financial Reporting
- Audit & UAE VAT
- MS OfficE
- Team Leadership
Languages
English
Fluent
Hindi
Advanced
Malayalam
Native
Affiliations
- Sports - Cricket
Software Knowledge
- FA Easy Biz- Accounting
- Tally -Accounting
- Focus -Accounting
- Quick books -Accounting
- Zeta -Accounting
- Insta -HIS
- Oracle Fusion- Accounting
- Meditex - HIS
- kortex -HIS
Timeline
Manager- Accounting & Controllership
FAKIH IVF GROUP, NMC HEALHCARE LTD
10.2023 - Current
Finance operations manager
Fakih IVF Fertility center LTD
10.2021 - 10.2023
ASSISTANT ACCOUNTS MANAGER
BAREEN INTERNATIONAL HOSPITAL, NMC HEALTHCARE PLC
10.2019 - 09.2021
SENIOR ACCOUNTANT
FAKIH MEDICAL CENTER LLC, NMC HEALTHCARE PLC
09.2017 - 09.2019
GENERAL ACCOUNTANT
DUBAI LIFE TV, DUBAI TECOM
04.2015 - 06.2017
ACCOUNTANT GENERAL
BOWLING CITY ,PIONEER VISION GROUP
10.2012 - 12.2014
ACCOUNTS & AUDIT EXECUTIVE
VARMA & VARMA CHARETRED ACCOUNTANTS, INDIA
01.2010 - 08.2012
MBA Finance - undefined
09.2007 - undefined
B Com - undefined
07.2004 - undefined
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