Acting Financial Controller
Engineering Kinetics Company
مجموع سنوات الخبرة :18 years, 4 أشهر
• Active Participation in Preparation and Submission of Company's Business Plan.
• Preparation and Submission of Annual Fiscal Year Budget of Company.
• Preparation and Submission of Monthly Budgets of Projects.
• Review and timely Submission of monthly Flash Results.
• Finalization and Submission of accurate Monthly Financial Statements.
• Review of monthly financial statements and provide explanation on variance analysis to Management in Monthly Financial Review Meeting.
• Finalization of Annual Statutory Accounts.
• Deliver effective margin management, drive cost efficiency, ensure excellent resource allocation and improve cash cycle
• Managing and Responsible for ensuring year end External Audit.
• Manage credit portfolio, facilities include general and project specific lines for structured loans, overdrafts lines to meet working capital requirements, discounting of invoices (PPCs), bank guarantees, letter of credits (sight / usance).
• Maintaining relationship at appropriate levels with local and international banks for meeting the Company financing requirements.
• Decision making for capital expenditures, calculation of pay back and return on investments.
• Provide technical support to contract /execution team to the matters relating to finalization of payment terms (with clients / suppliers), establishment of back to back LC’s & guarantees etc.
• Review of commercial Bids/contracts and providing inputs on the profitability.
• Managing a team of 8 Finance Personnel and ensuring that competent staff is in place to meet all of the requirements for financial reporting & control.
• Profitability analysis of projects; identification of risks, and coordination with stakeholders for planning and managing the critical activities.
• Team member (Coordinator) of Focus (An ERP System) implementation.
• • Preparation of monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
• Support the business development team in the financial evaluation of different promotions, ensuring that budgets are adhered to
• Co-ordinate with the business development team in the evaluation and implementation of pricing initiatives and category plans that are within gross margin targets
• Partner with senior management to ensure the business delivers an accurate short term forecast. Support the relevant teams in understanding the impact of specific customer challenges on the forecast
• Prepare monthly forecast analysis identifying and explaining key issues to the business and providing relevant information to all stakeholders
• Developed department costing models and comprehensive profit analysis.
• Function as direct liaison to customers; prepare weekly rate bulletin to ensure customer access to fluctuating rates.
• Preparation of management reports and cost analysis reports to upper management.
• Monitoring of recipes produced for costing of products and overhead allocation.
• Partner with Product Management and Purchasing Team in determining financial impact due to product cost reductions, new product roll out, etc. and prepare periodic forecasts to update management on projected results.
• Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
• Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.)
• Preparation of monthly collection statements, reconciliations for all three regions and management of cash line system.
Responsible for
• Preparation of job budgets
• Missing information analysis
• Preparation of job approach
• Explaining job approach to the relevant resource
• Preparation of year end accounts assignments from missing records, Analysis of job (Sole trader/ Partnership and limited companies), Bank reconciliation, PAYE reconciliation, VAT reconciliation, Fixed asset registers, trade creditors reconciliation, Trade Debtors reconciliation, Sales reconciliation, HP loan Schedules, Analytical review of incomes and expenses
• Preparing management accounts
• Budgeting and forecasting
• Posting into accountancy software
• Provide training to newly recruited Staff
• Supervising the junior staff on their live assignments
• Consultancy to my juniors and discussion on complex areas of work with senior managers
• Review of Jobs done by Junior Staff
• Payroll Assignments
• Bookkeeping
• • Preparation of books of accounts
• Preparation of Job approaches
• Assisting seniors in execution of year end accounts assignments
• Finalizing the accounts in accordance with international financial reporting standards
• Payroll Assignments
• Book keeping in software
• Making good relationships with clients
• During my training period at the firm I was engaged in consultancy assignments
• Existing system studies
• Review of internal control systems of the organizations
• Implementations of internal control systems
