Finance Manager
Nawara Transport &Freight Co
Total years of experience :14 years, 4 Months
• Supervising Accounts team, prepare reports to present to the senior management
• Responsible for ZATCA queries, GASTAT FS and SAGIA-Foreign Direct Investment reports
• Managing and implement AR and AP policy including contracts & payment plans
• To coordinate with TAX consultants for withholding & Income TAX and Transfer pricing
• Dealing with Actuary for year-end EOSB services and External-Auditors for statutory audit
• Process all aspects of monthly closing of accounting records, forecasting and budgeting
• To prepare cost analysis, reasoning & variances
• Prepare financial statements, quarterly & Yearly financial closings
• Assist in delivering presentations to the senior management
• Responsible for ERP to organize existing & implement of new Project & Modules
• Involve in Corporate internet banking, employees’ loans, company’s credit agreements/proposals
evaluations
• Revenue recognizing, cost applications as per IFRS requirement
• Coordinate HRM for payroll, new hires, leavers EOSB calculations
• Indicating developments and reporting requirements in ERP
• Participate in management month end meetings
• Responsible for master list to capitalize, depreciations, accruals, provisions, prepaid etc
• Analyzing VAT invoices, preparing calculations for VAT return monthly filling and submission
o Segregation of trail balance, (analyses for each outlet and warehouses)
o Controlled the collection cycle, prevented fraud or delays (from receipt to deposit)
o Approval authority (through ERP) for payment status before delivery of goods
o Prepared VAT (Value Added Tax) invoices preparation for return file
o Determined cost of operations, Prepared report on capital expenditures and balances
o Obtained and audited the information from brand managers, showroom managers and other departments
o Responsibility of Reconciliation of shipping and receiving documents throughout their accounting cycles
o Monitored inventory Tagging (Warehouses and Displays), conducted quarterly physical count
o Coordinated monthly transfer to accounts receivable account, to verify total, prepared reports
o Resolved collections by examining customer payment plans or credit.
o Responsibility for control general ledgers and reconciliations on periodic basis
o Authorized for Online bank accounts /E-Corp including span machines management & distributions
o Liaised with banks/Leasing companies for leasing & Credit Facility, to Ensure the timely Processing payments
o Developed external relationships with appropriate contacts, e.g, auditors, vendors, bankers or other business partners.
o Prepared, financial statements including Detailed Balance Sheet, Profit and Loss Statements
o Assisted in preparing feasibility of new products, Financial Accounting & Management Reporting
o Responsibility of the resolution of all the fixed asset’s issues also supervised the monthly reporting and daily transactions
o Maintained good working relationships with other functions i.e sales, supply chain etc and presented financial perspective to non-finance people.
o Supervised all the transaction related to customers including CN/DN, provisions, aging analysis & incentives/rebates
o Monitored the liquidity in banks accounts on daily basis, & mange the Daily working capital & liquidity planning; Dealt with matters of Risk, Credit Facilities, Leasing and Financing
o Ensured that sales are invoiced timely to efficiently manage the working capital
o Monitored day to day Cash Flow to run Operations and for Petty expenses
o Ensured the smooth operations, GL, AR, AP, Payroll.
o Carried out analytical review of Income Statement Specially Expenses Incurred (for cost control)
o Signatory/Authorized for MAPA Limak Ming Holding Joint Venture project of Turkish Company (A primary project for TTC) including Payment Certificates, Operations, Financial Issues and Negotiation
o Aligned with external yearly audit.
o Monitored the day-to-day accounting activities and other financial operations (Debit /Credit)
o Recorded Cash Receipts, Payment Vouchers, Invoices
o Responsibility to manage record and deposit of Postdated Cheques of lessee’s/ account holders
o Responsibility of cash management in branch (from collection to deposit) to allocated banks on daily basis
o Authorized for problem solving with banks/vendors & suppliers
o Responsibility to arrange funds from head office in different banks for different categories i.e. petty exp, salaries, bills/claims
o Month end reporting and account reconciliations
o Performed cash management duties, including wire transfers/check requests, deposit review, draws, reconciliation, cash projections, monitored cash accounts receivable balances
o Administration of all manual records and other documents
o Prepared and provided month end closing reports to head office
o Communicated and supported with various departments related recovery.
o Managed Certificates of Deposits for North Region
o Participated in discussion and Responsibility for the implementation instructions from auditors, management, and government regulations.
-