Financial Controller
Joannou & Paraskevaides (Saudi Arabia) Ltd
Total years of experience :29 years, 7 Months
Promoted to Financial Controller and took over full responsibility of finance, accounts and payroll departments.
Responsible for the preparation of Monthly and Annual Reports to Local and Group Head Office Management & Preparation of financial statements (per SOCPA & IFRS), Profitability and Cash Flow Budgets
Enhancing the preparation process of internal reports and financial statements, limiting time and effort, with the use of cloud based business planning platform Anaplan and spreadsheet programmes Excel, Quantrix
In liaison with the group chief accountant have streamline group management reports to Head Office to avoid duplication
Dealing with all tax and vat matters of the company; responsible for the preparation and submission of annual tax returns
Effectively handling the tax assessment queries of previous pending years and close to reaching an agreement with the tax department
Leading the successful implementation of all necessary procedures and system changes for VAT introduction; evaluating and approving all changes in our ERP system (SAP) effected at group level from the group SAP IT team
In charge of the submission for the renewal of Contractor’s Classification certificate; managing to increase by one grade the company’s classification in asphalt works
Suggesting and promoting to top management practical measures for the enhancement of internal controls and saving of costs, through the regular contact with sites staff and the critical assessment of company procedures and daily practices
Overviewing the bi-weekly cash flow and payment of vendors process
Managing accounts & payroll through the Chief Accountant and overviewing dealings with financial institution through the Senior Finance Officer; part of a team successfully negotiating a 6 banks syndicate project financing loan
Assist the Financial Controller in all aspects of his duties as and when required
Reporting to the Financial Controller, Group Financial Controller and Resident Manager
SNAPSHOT
Company: Leading international building, civil and electromechanical engineering contractor with strong presence in the Middle East
T/O Budget: €400M P.A.
•Working closely with Managing Director in setting GCC’s strategies & direction; promoting changes in the organisational chart, leading the company in real estate
•Suggested & Led efforts with Managing Director, towards Business Development and Overseas Expansion
•Actively involved in the successful incorporation of Associate Companies in Bahrain and Oman & setting-up their operations
•Actively involved in all commercial negotiations of the company
•Provide recommendations for strategic enhancement of financial performance
•Participating in project manager meetings and reinforcing cost measures through the nalysis of the Project Costing Reports
•Monitoring & Evaluation of the Purchasing and Administration department activities
•Representing the company for Industry Employment Agreement Negotiations with Trade Unions
•Providing timely and accurate analysis of financial data and Key Performance Indicators to executive management with advice on the financial implications of business activities
•Direct all Finance, Accounting aspects of the organization including Financial Institution Negotiations & manage processes for budgets and reporting
•Ensure that effective internal controls are in place & compliance with applicable local regulatory laws and rules for financial and tax reporting
•Establish and maintain strong relationships with departmental managers so as to ensure smooth running of operations and quality of work relationships
SNAPSHOT
Company: Amongst Cyprus largest & leading building and civil engineering construction companies with presence in Cyprus and Middle East
T/O managed: €60M P.A
Summary: Working closely with the Managing Director in all aspects of the financial and general management of the company
•Evaluate and improve internal accounting controls and policies
•Extensive involvement in the upgrading of the in-house accounting and contracts monitoring software system, in an effort to minimise duplicate input of records and increase report capabilities
•Responsible for the preparation of Monthly and Annual Reports for Local and Group Head Office Management & Preparation of financial statements (interim & annual), Profitability and Cash Flow Budgets
•Monitoring and ensuring through the Chief Accountant the timely and accurate recording of data and operations of the accounting and payroll department
•Improving accounting data flow and standardising reports from Sites
SNAPSHOT
Company: Leading international building, civil and electromechanical engineering contractor
T/O Budget: €100M P.A.
Summary: Succinct Management Reporting; Evaluation and Improvement of Internal Controls and procedures; Optimisation of Contract Monitoring System
Assisting the Fund Manager in managing the funds’ portfolio in line with set policies and decisions of the investment committee
•Preparation of monthly performance reports of all the policyholder funds
•Preparation of fundamental analysis of public and IPO
SNAPSHOT
Company: Major Life term insurance company
Summary: Portfolio management and fundamental analysis
In charge of own portfolio of clients: Companies & Individuals from the construction/development, manufacturing and retailing industry
•Preparation of quarterly management accounts for clients with local and international presence
•Led client meetings and provision of feedback on management control and tax planning topics of concern
•Actively involved in the preparation and successful listing of Key Clients on the Cyprus Stock Exchange
SNAPSHOT
Company: Med-Sized local Audit Firm
Summary: Client liaison; Business Growth; Service quality
Trained successfully towards the articles of Associate Chartered Accountant (ACA) of Institute of Chartered Accountants in England and Wales
Received promotion to Senior Auditor in the second year of my employment
Timely and efficient coordination of fieldwork and daily reporting to Senior Manager
Involved in the audit of offshore banking clients which gave me a good insight into bank activities and control systems
Work experience spanned through a wide range of companies: banking, insurance, manufacturing, retailing, business services companies
GCE A Levels - Accounting, Economics, Maths, Greek