Finance Manager
Sigma Engineering
Total years of experience :28 years, 8 Months
Key Responsibilities:
Heading and managing a team of professionals and reporting to the Chairman
Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure.
Training existing team and improving their capabilities
Enhancing work environment with SLAs and work flows
System implementation and data migration
Enhancing reporting to management
Liaise with banks to ensure optimal relation
Key Achievements:
Restructured the finance department
Started designing finance manuals
Rebuilt reporting tools
Full documented process flow and cycles
Initiated policies and procedures
Free Lance On line accounting policies and procedures, translation and / or financial consultancy
( temp special assignment for setting up manuals and procedures and system implementation )
Heading and managing a team of professionals and reporting to the chairman and CEO
Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure.
Liaising between finance and operations for better understanding of performance indicators and analyses
New system implementation, Chart Of Accounts’ creation, data migration and mapping from operational system to financial system
Team building, team assessment, tram renewal
Ensuring spending based on company policies and procedures
Follow up on overdue outstanding balances and ensure collection
ˉ
1) Finance
Key Responsibilities:
Heading and managing a team of professionals and reporting to the chairman and group financial Controller .
Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure.
Liaising between finance and operations for better understanding of performance indicators and analyses
2) Administration
Focal link with group central administration department
Cost effectiveness of supply purchase without jeopardizing employee satisfaction or quality of deliverables
Ensure all payment requests abide to company procedures
Ensure cost-effectiveness of purchases
3) Legal
Focal link point with group central legal department with duties including, but not limited to :-
o Renewal of company licenses, Commercial register and other legal documentations
o Renewal of agents contracts and total rephrasing
o Creation of contracts with new foreign partners
o Follow up on outstanding legal cases
Key Responsibilities:
ˉ Heading and managing a team of professionals and reporting to the Chairman - Deputy CEO.
ˉ Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure.
ˉ Fixing old historical problems related to :
o Bank reconciliation
o Balance sheet reconciliation
o Unanalyzed accounts
Key Achievements:
ˉ Restructured the finance department
ˉ Started designing finance manuals
ˉ Rebuilt reporting tools
ˉ Heading and managing a team of professionals and reporting to the MD.
ˉ Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure.
- Investment structure - decisions
- Included in product designs
- Budgeting, forecasting
- cost control
- Ensure accuracy of book keeping both local and New York adjustments ( IFRS adjustments )
1) Finance
Heading and managing a team of professionals and reporting to the CEO.
Involved in automating manually maintained kept sub-ledgers, ledgers and financial records.
Assigned responsibility of preparing financial manuals, policies, procedures and enhancing reporting structure. Responsible for reducing outstanding receivables.
Liaison and coordinating with Sharia board to ensure company products for procedures and Sharia compliant.
Key Achievements:
Commended by the management for getting clean audit report for full year and quarterly financials.
Successfully reduced overdue outstanding receivables from 76 % to 13 %.
Instrumental in systemizing financial data including payable and Receivables' module with interface mapping from operations to ledger.
2) Administration
Complete restructure of administration work flow
Cost effectiveness of supply purchase without jeopardizing employee satisfaction or quality of deliverables
Ensure all payment requests abide to company procedures
3) Legal
Focal link point with company external legal counselor
Follow up on outstanding cases both from company and on company and ensure proper accurate documentation is received by them on timely manner
Rework of all suppliers’ contracts alongside with company external legal counselor
Rework on all customers’ contracts alongside with company external legal counselor
o Balance sheet reconciliation
o Interface mapping for front to back operations
o New Chart Of Accounts
o Mapping of old Chart of account to new one
o Formation / enhancement of internal control processes
o Follow up on outstanding receivable
o Local reporting requirements
o New York reporting requirement
o Co-ordinate with auditors for review and final reports
o Ensure company compliance to local and New York internal control requirements
o Automate customer’s account report
o Design reports for better understanding of customers’ accounts
o Transfer manual receivables’ environment into fully automated online real time system
o Clean old bad data
o Reconcile manually kept sub-ledgers to accounting main ledger ( historical clean-up and ongoing process )
o Enhance system reports
o Follow up major customers' problems
o Setting up standard costs for raw, packaging and finished goods based on quarterly updated forecasts.
o Transferring standard costs at the plant level to actual cost at the company level ( quarterly )
o Monitoring / analyzing price variance and usage variances from forecast.
o Monitoring / analyzing marginal contribution of various packages and variances from forecasted figures.
o Enhancing monthly management financial package with cost related analysis such as break-even point, / marginal contribution by store keeping unit / Cost of goods sold per case.
o Allocating indirect costs to inventory.
o Producing costing reports required by local management for decision making
o Overall checking on all plants’ submission .
o Transferring some data from local requirements to GAAP requirements.
o Reducing closing time from 18 days to 3 days.
o Transferring manually operated accounting systems at the plants to Excel accounting systems, as an intermediary step to Oracle GL implementation.
o Oracle GL implementation at head office.
o Creating and enhancing monthly reporting package to local management.
o Balance Sheet and P&L reviews with plants.
o Responding to head office ( regional and New York ) queries about reported figures.
o Delivering reports to management for decision making
o Assisting in changing the company’s chart of accounts to achieve higher analysis level.
o Assisting in data migration of company figures from old COA to new one.
o Developing audit programs for all audit sections.
o Developing audit strategy, audit plan and discussing it with local and company management.
o Guiding audit teem throughout the audit.
o Ratio analysis of Key balance sheet / P&L indicators throughout the audit.
o Management letter for control weaknesses
o Special assignments - due diligence reviews
English Section, Major Accounting, pass