Head of Finance Operation
Kuwait Hospital
مجموع سنوات الخبرة :15 years, 4 أشهر
Key Responsibilities:
Financial Planning and Analysis:
Develop and oversee the hospital's financial planning, budgeting, and forecasting processes.
Conduct financial analysis, variance analysis, and performance evaluation to support strategic initiatives.
Provide recommendations to optimize financial performance and cost-saving opportunities.
Financial Reporting and Analysis:
Design and implement robust financial reporting systems using Power BI, ensuring accurate and timely delivery of financial information.
Create dashboards and visualizations to present key financial metrics and insights to stakeholders, enabling data-driven decision-making.
Identify trends, patterns, and areas of improvement through data analysis to enhance financial performance.
ERP Implementation:
Lead the implementation and integration of an ERP system within the hospital's financial operations.
Collaborate with cross-functional teams to ensure seamless integration of financial processes and data within the ERP system.
Provide guidance and support to end-users during the implementation process, including training and troubleshooting.
Financial Operations Management:
Oversee day-to-day financial operations, including accounts payable, accounts receivable, general ledger, and financial controls.
Develop and maintain financial policies, procedures, and internal controls to ensure compliance and minimize risk.
Continuously evaluate and improve financial processes and systems to enhance efficiency and accuracy.
Team Leadership:
Manage and mentor a team of finance professionals, providing guidance and support in their professional development.
Foster a collaborative and high-performance work environment within the finance department.
Collaborate with other departments, such as administration and operations, to align financial goals with organizational objectives.
As a Financial Consultant, I help companies to implement and optimize their accounting software systems. My expertise lies in setting up and configuring accounting software systems to meet the unique accounting needs of businesses. Additionally, I conduct financial data analysis and visualization using Power BI, and I am experienced in providing training to employees on various financial and data analysis topics.
Responsibilities:
Work with clients to understand their accounting and financial requirements
Helping functional consultants to configure and implement SAP FICO and other accounting software systems to meet clients' needs
Set up and optimize accounting systems and inventory management systems for clients
Conduct financial data analysis and visualization using Power BI to provide insights and make recommendations
Provide training to clients' employees on various financial and data analysis topics
Identify opportunities to improve clients' financial systems and processes
Work collaboratively with cross-functional teams to deliver projects on time and within budget
Develop and maintain strong relationships with clients and stakeholders
Reviewing and analyzing Financial Statement to help in decision making
Verification and approval of accounting vouchers
Playing a Major role in strategy development
Approval of contracts & payments to clients
Managing Cash position
Managing Fund Accounts
Dealing with the CFO of the group
Dealing With Banks
Dealing with Insurance companies
Managing and interpreting financial and operational data to measure performance and identify organization wide improvement opportunities.
Benchmarked providers and reduced operating expenses.
Preparing financial reporting including ad hoc reports and monthly fiscal reports for Management.
Managing a group of seven accountants.
Payment Approvals & follow-up of receivables with Insurance Department.
Analyzing reimbursement schedule of major insurance carrier and identifying underpayments.
Developed, implemented and analyzed costs for lab & radiology services
Assisted in budget preparation and year end closings
Cash flow analysis and forecasting.
Managing financial day to day operational aspects of a project.
Reporting to the Heads of Departments.
Responsible for the oversight and delivery of annual budgets.
Expenditure tracking, operating budgets and long range financial plans.
Managing up to 7 Accounting staff.
Implementation of corporate financial procedures to ensure best practice.
Working with various departments to help them plan their budgets.
Providing direction to planning and accounting staff.
Ensuring compliance and statutory reporting.
Preparation of cash projections to contribute in decision making process.
Review all payments voucher, and Payroll.
Coordinating with payable & receivable accountants.
Dealing with external auditors & income tax authority.
Consolidation of financial statements of the subsidiaries.
Constantly monitoring and controlling the cash flow of the company.
Prepare and analyze financial ratios.
Investment decisions analysis and feasibility studies.
Inventory and cost analysis.
Training and coaching accountants for purposes of ensuring that their accounting and analysis duties are done well.
Implementation and updating of internal control system.
Supervise/Manage 4 accounting staff.
Responsible of overall financial and accounting function of the company including preparation of Consolidated Balance Sheet & Profit and loss account, cash flow statements.
Preparation of office procedures including the assigning of duties and responsibilities of all the staff in accounts Department.
Computer system setup & operating (Using Microsoft Business Solution - Great Plains.
Preparing Budget and variance analysis.
Preparation fixed asset schedule.
Dealing with bank in related to LCs/ Promissory Notes, Short term & Long Term Loans.
Manage and analyze accounts receivable and follow-up regularly on collections with the respective departmental manager.
Constantly watch and manage operational & financial Leverage.
Successful implementation, analysis and management of new accounting systems and procedures, including systems integration and staff training.
Development of sales, marketing & promotional expenditure forecasts.
Sales activity analysis.
Responsible for inventory and marginal analysis and reporting.
Identifying and recommending to managers opportunities for cost reduction and revenue improvement.
Compare, study and analyze the financial statements sent by subsidiaries.
Comparison of efficiency, profitability & leverage ratios.
Constantly watching and relate inventory turns & gross profit.
Efficiency Improvement by analyzing results; monitoring variances; identifying trends; recommending actions to management.
the program that is designed to teach practical applications of accounting, Excel, finance, financial modeling, valuation, presentations, and other critical skills that financial analysts need.
The Certificate in International Financial Reporting Standards (CertIFR) is a certification provided by the Association of Certified Chartered Accountants (ACCA) in the UK. This course offers a broad introduction to International Financial Reporting Standards (IFRS) and provides an opportunity to focus on the preparation for the certificate with the help of the proper tools and material.
Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics. Institute of Management Accountants USA is the professional body that offer CMA certification.
April 1996: Calicut University, India Bachelor's degree/higher diploma, Commerce Skill Skill Level Years of Experience Last Used Microsoft Dynamics GP Expert More than 4 years 5 Years or less Oracle Financials 11i Intermediary More than 3 years 1 month or less