Finance Manager
Al sorayia Group
Total years of experience :15 years, 10 Months
AL Sorayai Trading and Industrial Group (Kingdom of Saudi Arabia) April 2014 to Present (Finance Manager).
Significant highlighting:
leading the project for implmenting IFRS Requirment
• Providing leadership for Finance Functions and team, performance & processes.
• Decision making and supporting strategic decisions with detailed analysis and studies
• Timely and accurate preparation of financial reports & analysis.
• Supervising budget preparations cycle and providing the guidance to the team
• Controlling working capital variables and highlighting the major issues
• Identifying the key financial controls, in partnership with the external / internal auditors.
• Ensure adequate expenditure controls are complied with regulation and procedure manual
• Developing the Authority matrix and reviewing the financial policies and procedures where applicable.
• Developing product costing modules from scratch.
Fine Hygienic Paper Co .LTD (Kingdom of Saudi Arabia) May 2008 to 2014.(Cost Accounting Section Head)
Significant highlighting:
•Managing Oracle E-Business Suite applications such as cost accounting system (Bill of material, work in process, resources setup ) cost management, payable, order management, purchases, general ledger, inventory, fixed assets, Accounts receivables, customers creations and credit controlling.
•Providing an appropriate level of cost information to the top management to facilitate the decision making and the performance evaluation.
•Setting up manufacturing system using ERP systems.
•Preparing the monthly financial statements and ensures accurate and timely monthly and year end close
•Preparing an interpretive financial analysis for the monthly management review purposes.
•Monitoring daily/ monthly/quarterly production waste and machines efficiencies and reporting high figures to operations management and explaining how it would affect their KPIs .
• Ensure adherence to internal control and operational policies and procedures.
•Preparing monthly/quarterly actual manufacturing overhead cost analysis and cost variances analysis and highlighting the reasons that are increasing the cost.
•Reviewing bill of material (BOM) with operations team in terms of machines capability, machines speed, raw materials and final product specification .
•Developing a correct and suitable standards for measuring the actual results from cost saving projects.
•Monitoring and controlling the logistics and distribution cost.
•Analyzing products profitability cross all trade channels and analyzing sales mix profitability.
•Monitoring and controlling capital expenditure budget in compliance with authority matrix in place.
•A custodian of chart of accounts and responsible for maintaining a proper Account structure.
•Assist FM in highlighting the overdue accounts receivable
•Maintaining fixed Assets Book (asset additions, assets retirements, calculating capital Gain or Loss) calculating monthly depreciation.
• Preparing the feasibility studies, product pricing and transfer prices.
•Preparing and monitoring the annual budget and the quarterly rolling estimate.
•Developing an effective procedure to protect the resources against waste, fraud, and inefficiency.
•Making financial provisions (slow moving inventory and Doubtful Debts, ..)
•Manage insurance of company properties, investments and business interruption.
•Liaise with external auditors and internal auditors
•Coordinating and supervising periodic stock take
Mohamed Yousuf Naghi Motors (October 2006 to May 2008, system analyst)
Significant highlighting:
•Developing policies and initiating Standard Operating Procedure using flow charts (credit policy, keeping and using the customers files, ..)
•Developing unified forms and records and following up their use
•Conducting aperiodic internal audit to ensure maximum level of compliance with established policies.
•Help in formulating a strategy plans and developing the strategy and operational goals for credit division
Jordan Phosphate Mines Co. (May1997 to October 2006)
Significant highlighting:
•Supervising accounting activities with respect to posting transactions to general ledger and financial statements
•participate in preparation of all financial and management reports, including income statement, balance sheets, cash flow
•Maintaining accounts receivable, revenue distribution and related activities
•Preparing Cost of Goods Sold and inventory evaluation
•Conducting budget versus actual analyses.
•Participating in preparation of the annual budget.
•Certify monthly reconciliation of all bank accounts
•Handling banks relations (debit and credit notes, internal and external bank remittances, ..)
•Liaise with external auditors
•preparing the monthly cash requirement forecast.
•Analyzing payables to vendors in order to ensure that right amounts are paid in timeliness manner
Product costing under automated manufacturing systems for pricing products in jordanian shareholding industrial companies
