Finance Manager
Overseas Travel Bureau
Total years of experience :30 years, 1 Months
Overseas Travel Bureau-Qatar July, 2010 - Present
Finance Manager
• Preparation of Financial and Management Reports:
Ensures timely and accurate preparation of financial and management reports, in compliance with quality, standards, and objectives as per Company policy and guidelines which include:
• Review and update the chart of accounts and cost centers to ensure accuracy of reports.
• Consolidate, revise and submit monthly, quarterly and year-end financial statements and Ensure accuracy of records.
• Perform monthly reviews of Income Statements and Financial Position accounts relating to area of responsibility, including business indicators such as profitability and liquidity.
• Management Of Risks:
• Reviews potential risk exposures of company and arrange with Insurance Co. for insurance coverage in line with policies and guidelines and legal requirements of the country.
• Manages risk exposures due to negligence and unforeseeable accidents.
• Treasury Management :
• Management of cash flow and treasury functions including review and preparation of short term and long-term cash flow reports to ensure smooth, efficient operation and meet investment and capital expenditure.
• Monitors cash and working capital and other requirements.
• Preparation and Control Company Budget:
• Organize, coordinates for timely preparation and submission of financial plans, budgets, and forecasts and financial projections.
• Controls and reviews actual performance and expenditures against budgets. Analyzes variances, recommends remedial actions to correct negative variances.
• Implementation of Internal Control System:
• Ensure compliance of internal control standards as per company policies and guidelines.
• Documents and implements policies and procedures to ensure proper internal control in all operational and financial aspects of the Company.
• Credit Control Management:
• Implementation of Corporate Credit Control Policies, Procedure and Guidelines,
• Managing the AR Finance team including the
temp resources by reviewing the current AR processes & redesigning the Collection process to drive the change in the process.
• Managing the AR Finance team including the temp resources by reviewing the current AR processes & redesigning the Collection process to drive the change in the process.
• Financial Analyzing And Evaluations:
• Designing measures to evaluate profitability, liquidity and position of the company to assist the decision making of the Board of Partners. • Analyses cash flow, cost controls, expenses, and financial statements to guide senior management to pinpoint potential weak areas.
• Analyze profitability of new business opportunities via contract reviews, bid support and evaluation of risk versus reward prospects.
Trenta Real Estate Co. Egypt June, 2006 Till June 2010
Financial Controller
Responsibilities :
1• Ensure effective, timely and accurate development of financial statements, monthly reports, quarterly that are appropriate for the users.
• Organize, coordinates for timely preparation and submission of financial plans, budgets, and forecasts and financial projections.
• Supervise the reporting/deliverables of P&L analysis, revenue and cost forecasting and review of costs and expenses to ensure adequate analysis as required for the management/stakeholders.
• Monitor the accurate endorsing/approvals of all invoice payment authorizations, payment vouchers, cheques, bank instructions and other related financial documentation in order to facilitate timely processing of payments as per defined policies & procedures.
• Ensure proper treasury and debt management (including placement/movement of funds, debt servicing, dividend payments, shareholders returns and cash projections).
• Manage and Ensure the Fixed Asset and inventory/ stock registry as per regulations for use in assessing total inventory value and calculating depreciation.
• Monitor, control and analyze the expenditures in coordination with concerned internal departments to facilitate the business operations and achieve a satisfactory level of financial performance..
• Follow closing checklist to ensure completion of recording of transactions in System.
• Ensure all financial activities are carried out in compliance with group financial and commercial procedures, controls, and policies.
• Oversee the day-to-day work of the team by providing guidance, encouraging teamwork, and facilitating related professional work processes in order to achieve high performance standards and ensure that employees’ activities are performed in a timely, efficient, and effective manner.
• Liaise with Admin and HR manager for recording and payment of Admin & HR expenses and keep a close coordination to ensure smooth processing.
• Establish an effective working relationship with internal and external auditors to ensure that all recommendations and findings identified by the auditors are acted upon promptly and rectified according to the developed action plans.
Responsibilities in Last Position as Chief Accountant
1.Review daily sales of main branch and other branches and departments
2.Preparing monthly, quarter and yearend financial statements (Profit & Loss and Balance Sheet for every branch and every department).
3.Review supplier invoices and customer invoices and insure to be matching with the contracts.
4.Review account receivable and account payable.
5.Preparing Cash Flow statement to insure smooth financial operation.
6.Overseeing the flow of work and ensuring that departmental goals are met.
7.Review and approvals for payments (payments of accounts, vouchers, cheques.)
Responsibilities in Last Position as Financial Controller Assistant
1. Keep the Financial Controller advised of the Daily Bank Situation and the cash Flows.
2.Prepare a weekly financial report regarding the cash flows and daily bank situation.
3.Prepare monthly reports for the Financial Controller analyzing results achieved and standards set.
4.Fully controlling cash fund and bank interest calculation.
5.Monitor the local and international bank reconciliation.
6.Responsible for the whole important documents needed such as letter of guarantee and all the international payments.
7.Responsible for all correspondences with the banks and other duties requested by the financial controller.
Responsibilities in Last Position as Accountant
1.Prepare all American journals (cash - bank - invoice hotels) and reconciliation entries.
2.Review all expenses and compare d actual with budgeted and preparing report for variance and reasons.
3.Responsible for daily bank movements and preparing report for incoming and out- coming funds and advice for deficit or increase.
4.Prepare P/L for all tourism file.
5.Revise all account entries for the company .
6.Assist in Preparing Trial Balance & profit and loss & Balance Sheet every month for the company (Tourism Dep. - Ticketing Dep. -Out Going Dep.)
Responsibilities in Last Position as Auditor
Maintaining and auditing the accounts of the following clients:
1.Wadi El Nil for agriculture development.
2.Act Alex for computers.
3.Integrated Solution For Computers.
4.El Bahrain for Real Estate Co.
5.Integrated For Computer Solutions.
6.United For Import And Export.
7.Top Team for Construction and Development.
8.Sama Egypt for Trading and Distributions.
9.Al Motehada for Medical Equipment.
Grad Good