Finance Manager
Madac Education Holding Co.
Total years of experience :26 years, 2 Months
- Monitor daily financial operations, and provide the necessary support to the finance team.
- Budgeting Reviewing and monitoring, and producing the related financial report.
- Monitoring and Managing company's cash flow and reviewing funding needs.
- Providing the financial reports, managerial and tax report for the timely manner.
Responsible for monitoring the daily recording of financial transactions, income operations, daily revenues, collections from guests, tourism companies and Hajj and Umrah groups, monitoring daily registration in GL, AR and AP, reviewing checks and banking transfers issued to suppliers, reviewing daily entries and monthly adjustments, and preparing monthly reports.
- Directing all operational aspects in accordance with the company objectives.
- Providing training, coaching, development and motivation for branch personnel.
- Evaluating employee performance and providing feedback and coaching as needed.
- Resolving customers problems as needed.
- Implement the ministry of hajj & umrah instructions.
- Responsible for collection control, sales and inventory control.
- Responsible to ensure that the circle of residential sales transactions running correctly in ERP
- Reviewing sales and lease agreements to ensure that the financial terms in correct place.
- Responsible for reviewing and approving sales transactions in accounting system.
- Responsible for payment plan creation and uploading in accounting system.
- Responsible for property pricing review and uploading in the accounting system.
- Responsible for monthly closing process, reconciliations, billing rescheduling, revenue recognition.
- Responsible for monthly, quarterly, annual financial and management reports, such as SIMAH report.
- Responsible to prepare the annual sales and lease budgeting.
- Follow-up A/R team in daily process and evaluate their performance as a monthly basis.
- Sharing and supporting sales team in the sales launches.
- Dealing with other departments Marketing, Legal, IT & Audit to solve any related issue.
- Responsible for all aspects of billings and collections, plus resolving collections issues.
- Monitoring and verify the client’s credit limit and credit term in A/R system.
- Responsible for A/R monthly reporting and monthly Bad Debts Provision.
- Verification the billings cycle in A/R system, and reviewing A/R adjustments entries.
- Supporting A/R team and evaluate their performance.
• Processing payable invoices and suppliers payments in A/P system.
• Preparation of the monthly and quarterly analysis schedules.
• Preparation of the withholding tax of external services as a monthly basis.
• Preparation of the monthly depreciation on the Asset Model.
• Responsible for price structure and budget control of special projects.
• Review vendor's fact sheets and internal circulars of vendor's fact sheets.
• Review the payment vouchers for suppliers.
• Preparing the suppliers debit notes and follow-up the related collection.
• Control the bank accounts, treasury and the inventory.
• Review and document the treasury receipts vouchers and payment vouchers.
• Prepare the monthly entries of accrued and prepaid expenses.
• Preparing sales entries, depreciation entries and other adjusting.
• Preparing monthly reports P&L, Cash Flow statement and Balance Sheet.
• Preparing monthly payroll and banking reconciliations.
• Responsible for collection aspects.
• Prepare the monthly customers statements of accounts.
• Reconcile customers statements of accounts issues. • Follow-up with customers to solve all related issue.
• Control the bank accounts, treasury and the inventory.
• Review and document the treasury receipts vouchers and payment vouchers.
• Prepare the monthly entries of accrued and prepaid expenses.
Bachelor's Degree in Accounting from Madinah College of Technology
• Accounting An Associate degree at Jeddah College of Technology in July 1995.