Group Finance Manager,CMA,MBA,ICVS,CertIFR,CIPA,CFC
Holding listed company
Total years of experience :21 years, 3 months
Group finance manager at listed holding company owns 10 subsidiaries in the construction, contracting, real estate, manufacturing, investments and oil & gas fields
-Monitoring all financial, accounting functions and treasury operations and support services (Administration) functions
Managing around 30 employees
-provide support to the CEO and the leadership team in accordance with the corporate vision and business strategy; providing key advice on external influences and their potential impact on the business and promote the image & culture of the company.
-To ensure effective management of risk and opportunity within the business to enable it to achieve planned profitability within a controlled framework.
- Strategic Planning and the Risk Management functions
- Manage the Treasury and Banking functions ensuring compliance to financial regulations, monitor funding and revenue and ensure. optimum utilization of surplus funds ( short and long run), maintaining a good relationships with local banks and financial institutions
- Responsible for budget (Proposal, Negotiation, Review and approve )by leading the whole process (Specify similar forms to be filled by department’s head and then collects the filled forms making sure that the received forms is applicable & attainable and also do editions if any and making an analysis of revenue and cost trends, against prior year and budget figures.
Reporting to CEO (MD)
Position : 1-Financial manager Reporting to CEO, 2-Anti money laundering officer, 3-Risk management officer and 4-Internal audit officer - All these positions approved and registered by The Capital market authority
-Monitoring all financial and accounting functions, ensuring the reliability, integrity and accuracy of the financial reports.
-Provide support and advice to the CEO taking into consideration accuracy, time management and outlines.
-Preparing monthly consolidated financial statements. For a group of 6 companies in construction, Real estate investment, restructuring services fields & preparing management report for the board of directors.
- Responsible for budget (Proposal, Negotiation, Review and approve )by leading the whole process (Specify similar forms to be filled by department’s head and then collects the filled forms making sure that the received forms is applicable & attainable and also do editions if any.
-Analysis of revenue and cost trends, against prior year and budget figures.
- identifying and implementing cost savings initiatives
-Monitoring monthly and quarterly financial results for all departments, and preparing financial summaries for management.
-Monitoring Treasury operations monitoring the payroll process.
-Monitoring cash in and out flow in a daily base, short and long terms.
-Responsible for preparation and development of Financial policy, procedures & document’s flow-work
-Guidance of dealing with related parties
- Responsible for preparation and development of Anti money laundering policy & procedures
-Responsible for comply with applicable laws, regulations and standards to ensure a high standard of discipline
-Participating in negotiations and reviews of all key contracts before finalization
- Identifying financial and business risks and provides solutions & corrective actions to mitigate these risks by developing financial management mechanisms .
-Responsible for the Internal control report (ICR) and Audit committee conditions’ & responsibilities’
-Responsible for reporting & dealing with CBK & CMA & ministry of commerce
-Due diligences and valuations.
-Dealing with internal and external auditors.
- Managing a team of 7 employees.
Reporting to Financial Controller
-Monitoring all financial and accounting functions for the company’s subsidiaries and associates like:
*Auto city company, * Drive for car rental company, * Super services company, *Wethaq insurance company
- Responsible for the supervision the interrelated (current accounts of the whole group of the investment Dar company)
- Daily monitoring Accounting transactions.
- Responsible for the supervision of the accounting staff.
-Managing the A/P, A/R accountants’, Fixed assets, Treasury & GL workflow for accuracy.
- Formulation, implementation and review of accounting processes, procedures and internal financial control over the company’s operation.
-Preparing monthly financial statements. & management report for the board of directors.
-Analysis of revenue and cost trends, against prior year and budget figures.
-Monitoring monthly and quarterly financial results for all departments, and preparing financial summaries for management.
-Financial Analysis
-Pay-roll.
-Dealing with external auditors
- Prepare year-end financial statements and supporting schedules for the Auditors.
- CBK Reports (Online).
- Budget preparation.
- Assets allocation.
-Responsible for preparing risk management reports for the top management.
-A/P, A/R & GL implementation on Oracle
Application.
-Supervising bank reconciliations.
-Reviews, analyzes and modifies efficient and effective accounts
payable And receivable process assuring that all documents are oriented in the direct way & make sure that they accurately passes through their circular flow of documents according to procedures.
-Maintain records of all financial documents.
-Preparing monthly financial statements
(I/S, B/S and cash flow)
-Ensures that adequate internal controls are communicated and adhered to in all payable & receivable processes, enhance the accounting cycle and process.
Business Area : All types of Investment
- Investment Available for Sales
- Portfolios & funds
- Investment in properties & under dev.
- Wakala Investments
- Investments through profit & Loss
-Investment in associate & subsidiaries
*-A/P implementation on Oracle application.
*- Financial Analysis
*-Assuring that all documents are oriented in the direct way & make sure that they accurately passes through their circular flow of documents according to procedures.
*-Re-imbursement Review & allocation.
*-Prepayment account analysis & reconciliation. .
*-Responsible for Bank draft & Certified cheques.
*Assist in preparing monthly financial statements
*Ensures that adequate internal controls are communicated and adhered to in all payable processes.
*Reviews, analyzes, modifies, and implements efficient and effective accounts payable processes
MBA
Major accounting
