Financial Manager
Saudi Modern Packaging Co.
Total years of experience :32 years, 4 Months
Responsibilities:
Responsible to lead and manage all activities of the Finance team and being responsible for the flow of financial information to the Board Of Directors.
Monitoring and interpreting cash flows and predicting future trends.
Formulating strategic and long-term business plans.
Developing financial management mechanisms that minimise financial risks.
Conducting reviews and evaluations of cost control for cost reduction opportunities.
Managing a company's financial accounting, monitoring and reporting systems.
Developing relationships with appropriate contacts, e.g. auditors, Lowyers, Bankers, Insurance companies, other companies, and statutory organizations.
Managing budgets (i.e Operating Budget, Capital Budget, Cash Budget), Analysing differences.
Feasibility study to open new branches, projects, purchasing new machines.
Ensuring effective internal control system and ensure regulatory compliance.
Responsibilities:
Setting & Controlling the Company Financial Policies & Procedures.
Controlling Documents Cycles.
Dealing with Banks to Arrange the Required Credit Facilities & Financing for the Company.
Dealing with Banks to make FOREX Agreements & Hedging for Foreign Currencies (Forward, Options, Spot) to provide the Company’s Needs to cover the Suppliers Liabilities .
Monitoring Facilities Usage (outstanding) & Available Balance To Cover The Required L.C’s, L.G’s, Loans, Forex (Treasury) operations etc..
Cash Flow Management.
Credit Analysis to get Customers Rating through Sagework & Simah to Grant Credit Limits for Installments Sales Customers.
Preparing monthly Financial Reports & Monthly Cash Flow Forecasts.
Preparing Annual Financial statements which includes Balance Sheet, Income Statement, Cash Flow Statement, Management Reports & Financial Analysis Reports.
Financial Planning & Preparing Budgets (i.e Operating Budget, Capital Budget, Cash Budget).
Responsible on external audit at year-end .
Responsibilities:
Controlling Documents Cycles.
Managing, Developing, Implementing and Maintaining the financial accounting and reporting functions.
Supervising of daily Journal Vouchers for all Transactions with the supporting documents & Macking Bank Recociliation.
Controlling Inventory System and its related Subsystems (i.e Purchasing, Sales, Letter of Cedit Transactions).
Managing the cost accounting function of the Fiber Glass Factory using Production System.
Preparing monthly Financial Reports & Monthly Cash Flow Forecasts.
Supervising monthly Payroll, making transfere to Staff Banking Accounts & Calculations of vacationers & benefits pay.
Responsible on external audit at year-end .
Responsibilities:
Reviewing daily sales reconciliation, daily span, Preparation of credit card reconciliation on a daily basis & Ensuring timely deposit of cash in the bank.
Supervising and monitoring day-to-day Accounting operations.
Preparing payroll for employees.
Controlling Liquidity and Financing (monitoring bank accounts and follow up the liquidity to cover all liabilities of the company).
Evaluating the adequacy and effectiveness of management controls.
Coordinating the External Audit activities.
Responsibilities:
Handling Banks Transactions & Monthly reconciliation of banks statements.
preparing general vouchers, Maintaining Accounting System, Cost Analysis, management reporting.
Reviewing projects progress reports to analyze achievements compared to budgeted figures & expenses.
Developing new reports based on the needs of management
Reviewing computer generated reports to determine if accepted accounting procedure was followed in recording transactions.
Controlling documents cycles.
Responsibilities:
Handling various accounting functions which includes, processing payments,
Preparing general vouchers, maintaining accounting system, cost analysis, management reporting.
Preparation of daily Journal Vouchers for all expenses with all supporting documents.
Participation in the Preparing monthly financial reports that includes accounts payable reports, accounts receivable reports, cash flow reports & monthly income statement.
Following up Accounts Receivables and preparation of aging reports.
Handling L.C’s Operations.
Participation in the Preparing annual budget and its proper implementation.
Responsibilities:
Auditing many large Companies as the following:-
Evaluating adequacy and effectiveness of the Internal Control over organizational and functional activities.
Preparation of audit planning, schedules.
Implementing the auditing procedures including analytical procedures .
Preparing Audit Reports for the Quarters & year-end Financial Statements.
