Group Finance Manager
Group Lactalis
Total years of experience :19 years, 0 Months
The worldwide leader in the dairy industry. World’s top chees maker, European leader in drinking milk, leader in the cream and butter market. Brand owner for President, Galbani, Valbresso, Lactel milk.
• Responsible for leading and managing the Accounting/Finance and Treasury Department, defining, developing and implementing plans, policies and procedures that meet the needs of the business.
• Design financial accounting and related systems (cash management, accounts payable, accounts receivable, credit control, payroll, inventory management system).
• Oversee the preparation of monthly financial reports in order to ensure compliance with integrated forms provided by head office in France. Review, analyse and discuss them with the Country Manager before submission to the head office.
• Ensure all reporting requirements of risks relating to errors, omissions, and non-compliance are clearly communicated.
• Lead a comprehensive treasury management strategy, ensure proper funds are available to run the operation, including proper cash flow management (on daily basis) and forecast to be able to identify ahead of time the financial needs by amount and by type.
• Monitor hedging activities in order to ensure compliance with Group Treasurer Recommendations at all times.
• Develop financial reports, review and coordinate contributions of the team, encourage implementation of recommendations and manage to deliver results to quality, time and budget objectives.
• Prepare the annual budget and business plan of the department.
• Validate and analyse accounting results & all the treasury elements.
• Manage the working capital & the free cash flow operations & forecasting.
• Manage the relationship with the Audit Office.
Technology solutions provider for energy, water & sewerage management systems - projects and maintenance services.
•Principal Duties and Responsibilities
•Responsible for all accounting functions/transactions up to finalization of Trial Balance, Balance Sheet, Income Statement and Statement of Cash Flow.
•Maintain all the bank transactions, bank notes, bank correspondences, transfers, TR account and bank reconciliation.
•Preparing monthly financial reporting packs for shareholders, with the notes in the variances from the budgeted figures.
•Responsible for accurately maintaining the following accounting areas: Payables, Receivables, Payroll, Insurance, Prepayments, Project Reporting, General Ledger, Assets, Inventory and
•Preparing and analyzing the periodical financial reports, profit and loss accounts, balance sheets.
•Preparing cash flow reports and accurate cash flow forecasting in coordination with cost department and departments heads.
•Preparing budget for operation and non operational activities.
•Carry out periodic review/analysis on the trial balance and rectify anomalies (if any) as appropriates and provide ratios analysis with recommendations for enhancement of the company financial situation.
•Supervised the month end year closing and ensure that the deadlines are met.
•Liaises with/ support External Auditors in their task and ensures smooth audit processing.
•Handling Letter of Credit requires for our purchasing.
•Reviewing the Issued LOA and LPO by following the budget limits for each purchase.
•Meeting the requirements of company standard reporting.
•Meeting the deadlines set out by the Top Management.
•Meeting the yearly targets & objectives set out for the Finance department.
•Adherence and committing to the company’s policies & procedures as well as to the IFRS with regards to preparation of the company’s financial reports.
•Proposing changes to the procedures, if required, and maintaining an acceptable level of internal control in the tasks that falls under my scope of responsibility.
•Provide technical guidance and expertise to subordinates staff in the day to day management of accounting activities within area of specialty.
•Maintaining an attitude of professionalism, integrity, independence toward the role with the department and the company’s personnel.
Ready Mix leading company in Emirates of Dubai, Sharjah and Ajman. Projects’ accomplished: Business Bay, Mar mom, Ghantoot and many towers on Dubai, Sharjah and Ajman
•Principal Duties and Responsibilities
•Reviewing the invoices and bills according to the internal policy.
•Issuing all vendors checks and receiving all customers’ checks.
•Registering the payment entry by making PV. And registering the receiving entry by making RV.
•Handling the reports for PDC issued and PDC received and handling the LPD checks.
•Registering the daily transaction by making the Journal Voucher.
•Maintaining a bankbook for the issued checks.
•Handling bank reconciliation every two weeks for base report purpose.
•Maintain a file for all the bank transactions, bank notes, bank correspondences and bank reconciliation.
•Accounts Payables and Receivables, Aging Analysis.
•Fixed Assets management addition, deletion, write-off of Fixed Assets.
•Preparing the Payroll.
•Petty cash reconciliation.
•Preparing the Profit and Loss Monthly.
•Helping the auditor and preparing final reports at end of the year.
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