CFO
Bustami & Sahib Group
Total years of experience :17 years, 7 months
-Responsible for creating, improving, and applying financial policies and procedures
-In conjunction with and as required by Upper Management, contribute to the formulation and implementation of strategy in line with vision and mission.
-Key role in ERP implementation
-Adhere to departmental budgets and ensure optimal utilization of all available
resources
-Critically evaluate and oversee budget variance and examine financial reports
approving financial reports.
-Critically examine financial reports
-Managing company treasury and bank relation.
-Ensure that appropriate financial governance principles are adopted
- Set with the departments to prepare the yearly, mid year plans and budgets
- Monitor budget activities
- Prepare budget vs actual reports
- Prepare financial reports,
- Design SAP process and controls,
- Manage and Design GL Account
- Mange and Design cost centers,
Prepare Annual Budget
Prepare quarterly forecast
Prepare Business plan
Prepare Monthly reports
Monitor company expenditure.
Validate Profitability Analyses
Prepare visibility studies.
• Responsible for all areas relating to financial reporting.
• Responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements.
• Supervises the staff (Accounting assistant, Controller) and is responsible for managing the team to ensure that work is properly allocated and completed in a timely and accurate manner.
• Addresses tight deadlines and a multitude of accounting activities including general ledger preparation, financial
reporting, year end audit preparation and the support of budget and forecast activities.
• As part ot the Management Team, I have contact with the firm’s General Manager and with the CFO and Finance Director.
• Responsible for the preparation and processing of monthly payroll for 450-500 employees; review and ensure
accuracy of approved timesheets; track and deduct all garnishments and other special payroll deductions
• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Ensure an accurate and timely monthly and year end close.
• Ensure the timely reporting of all monthly financial information.
• Assist the Controller in the daily requirements.
• Ensure the accurate and timely processing of positive pay transactions.
• Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
• Supports budget and forecasting activities.
• Develop and implement policies and procedures with emphasis on internal controls
• Ensure Risk Management procedures bases on the Group Corporate Covernance and Risk Management policies
• Collaborates with the other department managers to support overall department goals and objectives.
• Monitors and analyzes department work to develop more efficient procedures and use of resources while
maintaining a high level of accuracy.
• Advises staff regarding the handling of non-routine reporting transactions.
• Responds to inquiries from the General Manager, the Group CFO and Accounting Manager, Group Controller and
other managers regarding financial results, special reporting requests and the like.
• Supervise the general ledger group to ensure all financial reporting deadlines are met.
• Supervisor of Corporate Services Division, this includes HR-Management, IT-Services & Facility Management.
• Assist in development and implementation of new procedures and features to enhance the workflow of the
department.
• Provide training to new and existing staff as needed.
• Work with each direct report to establish goals and objectives for each year and monitor and advise on the
progress to enhance the professional development of staff.
• Support Cost Analyst with special projects and workflow process improvements.
Migrate is a leading Business Knowledge and Networking company that provides innovative business support to its clients across the Middle East and North Africa region (MENA).
Responsibilities
• Establishing the financial policies
• Design Charts of accounts
• Build and manage the charts of accounts
• Control of Internal and external financial services
• Manage accounting team
• Prepare the financial reports.
• Working with auditors.
• Prepare Cash budget.
• Approve the financial transactions.
• Coordinate banking relations.
• Prepare financial budgets
• Dealing with external clients
working on ERP and stup
• Manages fixed assets and general ledger
• Manages the accounts receivable and accounts payable
• Prepares and submit customer invoices (invoicing, billing )
• Follows up on collection
• Monitors customer accounts for nonpayment and delayed payment
• Prepares and processes accounts payable checks, wire transfers
• Analyzes discrepancies and unpaid invoices
• Liaise with other departments/customers/vendors
• Reconciles and maintains balance sheet accounts
• Account/bank reconciliations
• Monitor and follows on taxation issues
• Payroll processing, prepares and distribute payroll checks or wires transfers .
• Prepares monthly financial reports.
• Track and audit petty cash.
• Assists with employee expense reports
• Assists with preparation and coordination of the audit process
• Coordinates with the company branches on accounting procedures
• Assist company branches in reports and statements preparation on as needed basis
• Prepare financial statements,
• Establishment the financial structures and policies,
• Design charts of accounts,
• Build and manage the charts of accounts,
• Design segments and cost centers,
• Cash Management and Planning,
• Internal reporting,
• Budgeting process,
• Inventory control.,
• Control of fixed assets issues,
• Control of AP related issues,
• Control of AR related issues,
• Salaries preparation (payments, deductions, social security, tax and loans),
• Reconciliations (banks, sister companies, AP and AR),
• Financial analyzing,
• General accounting issues (daily transactions, adjusting entries, closing entries, corrections entries and petty cash),
• Sales tax,
• Income tax,
• AP controlling and reconciliation for the suppliers
• Handling the expenses
• Preparing the adjusting entry
• Preparing sales tax
• Handling the petty cash
• Controlling Fixed assets issues
• Preparing the Managerial Financial Report (MFR)
• Monitoring the daily transactions
• Preparing Salaries
• Re-calculating bank interests
• Analyzing expenses
working on ERP
• AP reconciliation for the suppliers
• Handling the expenses
• Preparing the Adjusting entry
• Preparing the salaries
• Preparing Social security and tax department documents
• Preparing the life and health insurance
• Preparing Profit and lose and cash flow statement
• Controlling for some offices accounts
• Monitoring the daily transactions
• Financial analysis
1.daily collections from d.o. counter
2.vovage invoicing and manifesting, reporting the collection
3.supplier gov payments
4.bank reconciliation
5.AP reconciliation
6.job reconciliation
7.salary processing
8.cash book updation at amman/aqaba
9.administrarive functions
Arab Jordan investment bank founded in 1978 in Amman-Jordan & became one of the leading banks in Jordan, Qatar, Libya and Cyprus. I am located in the head office in Amman in the accounting department/control unit.
Responsibilities
• Banks Reconciliations
• Handling Expenses
• Audit the Daily Transactions
• Prepare Central Bank Reports
• Prepare Financial Statements
accounting skills financial ,cost managerial,tax , ..... and principles of management, , finance and investment with excellent knowledge by th last tow .
