Management Accountant
Ingie Etoile Readymade Garments LLC
Total des années d'expérience :15 years, 8 Mois
Very challenging position, reporting to General Manager, analyses key financial information and provide feedback that will support managerial planning and commercial decision making which will ensure future growth and profitability of the company. Take measures to reduce the operational and production costs of a company by identifying and implementing more efficient strategies.
Directed finance team responsible for accounting function of over 50 points of sale; managing budgets, controlling cash flow, approving outgoing payments and bank reconciliations, monitoring A/R and A/P, auditing fixed assets, reviewing financial statements and operating reports, ensuring legal and regulatory compliance, negotiating with vendors
Reviewed merchandise planning and inventory control practices, identifying areas of improvement and controlling inventory turnover ratio, improving inventory turnover by 11% and increasing net profit by 7%.
Developed progressive policies to ensure sufficient cash flow by reducing operations cost by 4% and increasing revenues.
Designed and implemented SAP Business One ERP, Accounting and Internal Control Systems.
Developed financial policies and accounting systems for heavy equipment contracting company in Iraq; developing accounting and internal control systems, preparing financial statements and predictive trends analysis, creating budget forecasts with variance analysis, supervising and forecasting cash flow, overseeing payroll functions, monitoring A/R and A/P, creating profitability standards for potential investments.
Spearheaded capital management initiatives and evaluated capital budget projects, ensuring maximum efficacy.
Managed development of all finance staff members; recruiting new employees, implementing progressive training strategies, conducting regular performance reviews and making recommendations on areas of improvement.
Part 1 of the CMA exam covers external financial reporting, planning, budgeting, and forecasting, performance management, cost management and internal controls. Part 2 of the exam covers financial decision making including financial statement analysis, corporate finance, risk management, investment decision and professional ethics.
