Finance Manager
Bayara Saudi Arabia Ltd.
مجموع سنوات الخبرة :17 years, 9 أشهر
• Manage the development of annual Budget in line with strategic direction and objectives.
• Manage the monthly performance reports showing key performance indicators, trends, comment on actual vs. budget variations and risks as well as areas that require management attention.
• Manage the cost analysis process by providing trends and forecasts; explaining processes and techniques; recommending actions.
• Manage the company’s operational cash flow, cash flow targets, ensure that the short-term and long-term liquidity is adequately managed and the relationships with the funding institutions (banks etc.) are well maintained.
• Ensure that all required reports are submitted accurately and on time
• Provide technical expertise and advice on financial issues.
• Manage ongoing, positive relationships with external consultants, advisors, banks, and other financial institutions to ensure the organization receives satisfactory standards of service.
• Plan, manage and review individual performance of financial analysts and provide them with regular feedback, development and training opportunities to help them develop and improve their skills.
• Drive P&L management with focus on accurate Sales Forecasting, cost control and resource allocation
• Oversees the management and coordination of all fiscal and statutory reporting activities performed by the Country Financial Controller/Accountant, ensuring the correct and timely internal and external reporting for Tax, Balance Sheet and P&L.
• Review and approve customers contracts.
• Review and approve all sales promotion in accordance with monthly budget.
• Monitor the account receivable collection.
• Direct internal and external audits to ensure compliance
• Preparing monthly accounts (P&L and Balance Sheet).
• Assist with tax audits, Transfer price discloser, and other regulatory practices.
• Preparation of VAT computations and submitting the declaration thru GAZT.
• Preparing Payroll figures.
• Managing insurances.
• Developing the forecasting models (P&L, Balance Sheet and Cash flow).
• Participate in the development of the financial policies, processes and procedures along with the Director in order to provide a consistent and disciplined approach to implementation of financial activities.
• Implement and execute adequate systems of internal controls in line with the company directions; Recommend any necessary procedures to enhance the internal control environment.
• Lead, direct, evaluate, and develop financial staff to ensure that the organization’s financial activities are conducted accurately, ethically, consistently, and according to relevant regulations, laws, and standards
• Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of staff
• Preparing and analyzing monthly financial statements.
• Supervise or prepare general ledger reconciliations.
• Review and checking the accuracy of salary process and employee benefits in coordination with the HR payroll team.
• Participate in Preparation of the yearly Budge with the Group Budgeting Manager.
• Review & verify the daily expenses and audit the credit & debit notes as well as the accounting entries.
• Responsible for credit control and the debts collection of the branch according to the client’s contracts and the discounts in coordination with the Branch Manager.
• Participate in the sales meetings in order to achieve the required integration between Finance and Sales Departments.
• Follow up pending issues with customers.
• Managing B2B project costs in accordance with approved project budgets and business delegated authority limits.
• Support the management to formulate financial strategies and policies in accordance with company’s vision, mission, values and legal procedures
• Ensure the preparation of statutory accounts
• To ensure the control of the procedures regarding the expenses
• Ensuring proper analysis for all P&L & BS accounts on monthly basis.(Actual Vs. Budget, provisions, expenses bench marking & expenses by sub ledger)
• Maintain general ledger details, accruals & fixed asset register
• Coordinate and liaise the monthly closing process with Store financial controllers
• Responsible to handle accounts of multi business units managing a team of accounts staff
• Review booking of all General expense invoices
• Monthly and yearly finalization of the accounts in compliance with the accounting standards
• Review of intercompany debit/credit notes, Review of LPO follow-up
• Preparation of salary deductions
• Review and checking the accuracy of salary process in coordination with the central payroll team & booking staff cost.
• To ensure the assets tagging, tracking and performing the inventory of assets
• Ensure all payments to suppliers, staff, and other external parties are made according to company policies and
procedures.
• Liaison with internal and external auditors.
• Archiving the GL documents as per the company policies.
• Booking & reviewing other revenue accounts.
• Controlling other income/expense accounts
• Reviewing rent calculation & booking for their relevant cost canters.
• Reviewing all sales entries & analysis for pending accounts.
• Reviewing all bank reconciliations.
• Reviewing advertising & marketing accounts & reconciling with HO.
• Store rent calculation as per agreements & booking.
• Final Package on cartesis
• Processing payment to various departments: F.M.G., Heavy Household, Fresh Food, Textile, and Light Household as well as Import Payment
• Preparing the Cash Flow (Daily)
• Check the pending Invoices & follow up the one, which is not entered (Daily)
• Preparing A/P (Account Payable) Monthly Closing file
• Calculate and Prepares monthly gross margin report
• Evaluate stocks for inventory and computation of shrinkage report
• Liaising with Receiving/Warehouse Dept., IT Dept. & Commercial Dept.
• Verify negative margin report as per daily turn-over
• Verify documents relating for payments & attached to the pre-printed cheques
• Control and follow up the pending Home delivery with the suppliers
• Handle & resolve supplier’s queries
• Prepare ageing analysis for outstanding balances
• Maintain monthly debit balances report for all suppliers
• Making internal adjustment for outstanding debit/credit entries in suppliers account
• Prepare the inventory Zones & Plans and Pass it to the responsible Department Head.
• Prepare the Suppliers Reconciliation with the Team and following up to Finished at the Exact Time
• Prepare Daily Gross Margin & send it to the GM office and to all Departments Head and to the Finance Department Head
• Control the Internal Sale Procedure by making Excel Sheet control with JDE
• Updated the Cheques list every month and add the new Cheques to the Cash Flow
• Prepare the Price Protection Excel Sheet to follow with the Section Managers to get the CN from the Suppliers,
• To train & motivate staff as to daily wor
• Processing payment to various departments: F.M.G., Heavy Household, Fresh Food, Textile, and Light Household as well as Import Payment
• Preparing the Cash Flow (Daily)
• Check the pending Invoices & follow up the one, which is not entered (Daily)
• Preparing A/P (Account Payable) Monthly Closing file
• Calculate and Prepares monthly gross margin report
• Evaluate stocks for inventory and computation of shrinkage report
• Liaising with Receiving/Warehouse Dept., IT Dept. & Commercial Dept.
• Verify negative margin report as per daily turn-over
• Verify documents relating for payments & attached to the pre-printed cheques
• Control and follow up the pending Home delivery with the suppliers
• Handle & resolve supplier’s queries
• Prepare ageing analysis for outstanding balances
• Maintain monthly debit balances report for all suppliers
• Making internal adjustment for outstanding debit/credit entries in suppliers account
• Prepare the inventory Zones & Plans and Pass it to the responsible Department Head.
• Prepare the Suppliers Reconciliation with the Team and following up to Finished at the Exact Time
• Prepare Daily Gross Margin & send it to the GM office and to all Departments Head and to the Finance Department Head
• Control the Internal Sale Procedure by making Excel Sheet control with JDE
• Updated the Cheques list every month and add the new Cheques to the Cash Flow
• Prepare the Price Protection Excel Sheet to follow with the Section Managers to get the CN from the Suppliers,
• To train & motivate staff as to daily wor
Certified Management Accountant