Group Finance Manager
Hermes Trading company
مجموع سنوات الخبرة :18 years, 10 أشهر
• In-charge of Group financial accounts and systems, revenue recognition and general accounting policies and procedures.
• liaising with auditors to ensure annual monitoring is carried out;
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors and bankers.
• Arranging new sources of finance for a company's debt facilities;
• keeping abreast of changes in financial regulations and legislation
• Manage and prepare annual budgets for Group and perform periodic cost and productivity analyses on the same to ensure compliance with budgetary guidelines.
• Develop budgetary models, policies and procedures, budget benchmarks and budget savings plan and proposals.
• Develop and maintain a cash management program to ensure an adequate working capital and return on cash balances addressing the investment needs.
• Manage all aspects of corporate financial business processes in compliance with applicable laws and regulations.
• Perform special job-related management financial reports as needed.
• Serves as a strategic partner to the Companies Presidents, assisting with business strategy on a variety of financial related topics.
• Manages activities of staff engaged in the short- and long-range financial planning and budgeting of labor and expenses for assigned business unit.
• Manages Group activities to promote profitability and ensure accurate budgeting and financial planning.
• Establishes department goals and action plans. Monitors and reports on progress in completing projects and accomplishing goals. Resolves complex issues and problems as needed.
Financial Management
• Direct annual budgeting, planning and forecasting process for the organization's annual budget with MD
• Oversee monthly and quarterly assessments and forecasts of organization's financial performance against budget, financial and operational goals. Oversee short and long-term financial and managerial reporting.
• Managing day to day processing of accounts receivable (Credit Management), producing reports as requested & planning urgency plan when cash short.
• Reconciling monthly activity, generating year-end reports, and fulfilling tax related requirements.
• Ensure that Accounting Department requests are resolved and communicated in a timely manner to internal and external parties.
• Develop, maintain and monitor all fundraising and accounting systems and procedures capturing all pledges, billings and receipts and for the recording of all revenue transactions, recommend and implement improvements to systems.
• Prepare annual audit and be a liaison with all outside vendor.
• Analyzes financial reports (P&L, BS, and CF) along with the overall budget, advise MD & Board for gaps we have & suggest the needed to overcome those gaps.
• Monitors and controls all accounting transactions, Inventory Reports, AP, AR and bank relations.
• Budgeted and monitored PNU (Princess Noura University) value: >$15 M Project in Riyadh with a very close Cash Flow and Budget control so company was able to finance the project 100 % from Project Cash In, along with bank facilities without any cash injections from partners.
• Excellent relations with banks (Mainly BSF / SABB) and experienced in trade finance, especially for the above mentioned project.
Managed a team of 4 accountants & 2 Collectors during this position.
Organizational Leadership
• Contribute to short and long-term organizational planning and strategy as a member of the management team
Daily duties
1- Auditing Sales invoices
2-Controlling the daily transactions (bank, receipts, other services)
Weekly duties
1- Updating & preparing the Aging Reports & follow up due amounts with
Salesmen & Clients.
Monthly duties
1- Preparing the Monthly P&L
2- Preparing Payroll
3- Advise about the total monthly sales
4- Bank Reconciliation.
5- Preparing the sales commission to be ready on 15 of the month.
6- Calculate the monthly targets.
General Responsibilities.
1-Responsible for the personnel file (vacations, certificates, NSSF …)
2- Responsible for the legal documents (Rent Contract-BOD meetings-By-Law VAT & ministry of finance certificates-Commercial circular-RCB-Chamber of commerce).
Occasional Tasks
1- Prepare the salaries tax.
2- Prepare the VAT declaration.
3- Prepare the NSSF schedule.
4- Coordinate with Logistics manager about the new orders and match the
value of the commercial invoice with the value of the normal invoice.
5- Calculate the impact of the shipment.
6- Costing the new shipments & update the summery of the shipments.
7- Follow up to pricing the new items.
Financial Tasks
1- Preparing the annual budget P&L & Balance sheet.
2- Preparing the cash flow statement
• Preparation of Guarantors’ schedules & Making sure that all files are delivered on time
• Handling the guarantors’ and doctors’ payments
• Follow up and ensure that all the necessary documents are sent
• Checking the reports and bills prepared by each department before sending them to the guarantors
• Preparing checks, banks reconciliations
GPA 75. My graduation project was rated as V. Good