Finance Manager
Taaheel Factory-Inkan Holding-Aljubail
Total des années d'expérience :21 years, 7 Mois
Oversees and participates in major decisions impacting the business (e.g. business analysis, capital expenditures and major contracts)
• Analyzes results of operations, isolating non-operating income & expense items to provide a clear picture of profits from operations
• Presents monthly, quarterly and annual reports with insight into what trends are likely to affect future performance
• Works to develop and maintain cost reduction programs
• Responsible for planning & forecasting as well as inventory, payables and capital expenditure management
• Participates in the development of strategy plans
• Manages relationship with external auditors
• Manages the day to day accounting and monthly general ledger closing
• Prepares annual budgets and long-range plans
• Prepare monthly management reporting on business development including full financial statements, performance indicators compared to plans; explanation for exceptions and deviations with an action plan and monthly forecasts;
• Projects current year operating results
• Manages all finance functions including accounting, margin reporting, sales & cash audit, payroll, expense payable, treasury and planning & analysis
• Management and supervision of finance & accounts department staff and setting polices and procedures deem necessary for the performance of tasks.
• Dealing with banks, external auditors, top management and any other third parties.
• Managing cash flows and deriving, evaluating the alternative sources of finance available and choose the one which suits the company’s circumstances.
• Contribution in deriving and preparing company’s strategic plan.
• Continuous evaluation of management information system (mis) to ensure it’s adequacy for decision making.
• Safeguard company’s assets by maintaining a transparent system of internal control.
• Participate in determining and supporting the company’s key success factors.
• Using SAP ERP system
• Account reconciliations: Payable/Receivable/Bank Statements
• In charge of monthly trial balance, P&L, and balance sheets.
• Accurate reporting for accruals by using set guidelines
• Review and process expense reports
• Assist with implementing and maintaining internal financial controls and procedures
• Analyze business performance / results, providing feedback to management
• Analyzes results of operations, isolating non-operating income & expense items to provide a clear picture of profits from operations
• Presents monthly, quarterly and annual reports with insight into what trends are likely to affect future performance
• Prepares annual budgets and long-range plans
• Prepare monthly management reporting on business development including full financial statements, performance indicators compared to plans; explanation for exceptions and deviations with an action plan and monthly forecasts;
• Support overall department goals and objectives in collaboration with managers of other departments
• Verify and approve daily receivables and payables and process payments (cash, checks, bank transfer)
• Ensure accuracy and timeliness in processing of pay transactions.
• Follow up on collection
• Manage bank accounts
• Management and supervision of finance & accounts department staff and setting polices and procedures deem necessary for the performance of tasks.
• Solid knowledge of ERP system using(Oracle, Gp)
• Reviews, investigates and corrects errors and inconsistencies financial entries, documents and reports
• Determines proper handling of financial transactions and approves transactions within designated limits
• Coordinate monthly closing process and reconciliation of general ledger accounts
• Review account payables and account receivables and weekly follow up over dues for customers and contact with the customers to support the cash of the company.
• Preparing the balance sheet, income statement, cash flow
• Preparing monthly income budget, cash budget
• Preparing the required analysis for sales, purchasing and the variance analysis
• Manage the team work and distributing the activities between them
• Reviews, investigates and corrects errors and inconsistencies financial entries, documents and reports
• Determines proper handling of financial transactions and approves transactions within designated limits
• Coordinate monthly closing process and reconciliation of general ledger accounts
• Review account payables and account receivables and weekly follow up over dues for customers and contact with the customers to support the cash of the company.
• Preparing the balance sheet, income statement, cash flow
• Preparing monthly income budget, cash budget
• Preparing the required analysis for sales, purchasing and the variance analysis
• Manage the team work and distributing the activities between them
Account payable handling the transactions and reconciliation of all vendors accounts
Preparing monthly A/P entries and checking supplier’s monthly due balances.
Updating monthly Aging of accounts payable and preparing payments for all suppliers.
Preparing monthly reconciliation of accounts payable
Mentoring balance of confirmation and make the reconciliation to adjust the variances.
Documentary Letter of Credit:Responsible for the Verification of Letters of Credit and Amendments, , and the processing of payments. Review and process incoming Letters of Credit and Amendments.
Control and integration between purchase department, inventory control and A.P.
Account receivable handling the transactions and reconciliation of all customers accounts
GL accounting handling the expenses transactions
Bank reconciliation for all banks
Follow up the physical Cash Counting to avoid using cash .
Using ERP system JD EDWARD
Handling all accounting transactions for the company
Inventory control daily checking the book balance with the store keeper
Making stocktaking at any time in the year to catch any shortage early and
Make analysis for the shortage and take the decision.
Account payable, Account receivable, GL Accounting
Handling all accounting transaction related to the branch
Account payable, Account receivable and GL
Inventory control
Payroll accounting, prepare the salaries, commission dues for all employees
Making daily clearance for all salesmen
Preparing Budgets, and analysis related to the work
Account receivable handling the transactions and reconciliation of all customers accounts
Good communication with customers
Follow up the customers accounts and collect the dues