Finance Manager
KUWAIT UNITED INTERNATIONAL HOLDING CO
Total years of experience :31 years, 8 Months
•Manage and prepare annual budgets for the Business Unit and perform periodic cost and productivity analyses on the same to ensure compliance with budgetary guidelines.
•Directing financial management functions including development of monthly/quarterly financial statements, financial forecasts, and budgets.
•Oversee general accounting functions, including AR/AP, account reconciliation, and cash management.
•Administer all financial management system, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives.
•Supervise the posting of all transactions in the accounting system.
•Handling of accounts payable, receivables, petty cash, payroll, stocks & other similar accounts.
•Analysis of financial & non-financial data & variance reporting with particular emphasis upon ensuring that management is aware of operating cost & revenue trends provide 'early warning' for management action.
•Prepare Cash Flow statements.
•Dealing with banks for facilities (bid and performance bonds, letters of credit, Overdraft…etc) and handling all relevant issues.
•Following up the company's investments with the related financial analysis.
•Evaluation new investments for direct purchase / investment.
•Established new company.
•Control cash flow, stocks and assets with profit requirements and satisfactory return on investment.
•Assists GM, Group CFO in acquiring more banks’ facilities. Consequently, prepare necessary accounts’ analysis for that purpose.
•Prepare and review annual budget with monthly comparisons (actual Vs budget)
•Analyses monthly results and hand over analysis to GM/C.O.O
•Implement financial and admin procedures for the department and company level.
•Operate staff performance appraisal system and ensure action taken on results.
•Establish and review operation of salary scales. Initiate studies regarding salaries prevailing in the market.
•Review and implement the adequate safety and security measures and have been installed to protect Company personnel and property.
•Monitor the whole accounting procedures and Maintain and monitor company’s bank accounts to allow smooth operation of cash flow within approved cash limits.
•Prepare the financial statements required under the Contract in consistency with the provisions thereof in a timely manner.
•Implement and review internal financial controls and procedures; corporate tax computations.
•Coordinate with governmental bodies, tax authorities and external auditors.
•Ensure that the Financial/Accounting system complies with all Syrian Petroleum Co. and Syrian Government requirements, including financial reporting on a quarterly and annual basis.
•Provide senior management with tertiary budget commentary and forecast reports, and other reports as may be required for Company and its purposes.
•Advise management in a responsible, efficient and accurate manner on Syrian Tax Law, Social Security Law, the relevant regulations applicable to Company’s operations and personnel (both expatriate and local) in a manner that would prevent any unnecessary financial duty/penalty that may be incurred by Company.
Treasury Responsibilities:
•Process all payment to vendor and Staff.
•Prepare cash call to cover all expenditure payments.
•Follow up all our Banks A/C‘s and invested the surplus money.
•Control all petty cash, advances and receivables.
•Control all payable A/C‘s.
•Submit report to management on cash position and utilities of this fund comparing to the cash call.
Senior accountant Responsibilities:
•Prepare Budget for both projects, Oudeh and Tishrine.
•Compare budget Vs actual.
•Prepare oil invoices submitted to Petroleum Marketing Department.
•Check all invoices before payment including cost allocation and verifying all related documents to ensure cost recovery from SPC.
•Review all tax payments.
•Open and follow LC.
•administrative work:
a. Staff contracts.
b. Salary (preparing + payment + JV).
c. Rental Contracts.
d. Social Securities (new staff + payment + JV).
e. Administration circulars.
f. Follow up all legal cases
Responsibilities:
Follow up and update company’s procedures in compliance with the rules of Central Bank of Kuwait to make sure that there is no risk or violations in the company's daily business for credit department. I worked as a Member in Al Muthana Committee Fund and in F.I.C Assets & Liabilities Committee.
Investment Analyst:
First Investment Company, (F.I.C) Kuwait (June 2000 till June 2001).
Responsibilities:
Analyze all companies listed in targeted Arab stock markets including enter all
financial data to database indoor software (EMCS).
Responsibilities:
Analyze Kuwait Stock Exchange listed companies with view towards investment.
Prepare reports on a daily, weekly and monthly basis on Kuwait Stock Exchange performance.
Review daily clients portfolios accounting transactions
Responsibilities:
Prepare the annual budget for all division.
Prepare the monthly budget Vs actual report.
Prepare sources & uses of funds report.
Prepare cost of funds report, which is used by the board for follow up and decisions..