Ahmed Tharwat Mahmoud Badran, Finance Manager

Ahmed Tharwat Mahmoud Badran

Finance Manager

Truba Arabia Co Ltd

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, Commerce (Accounting)
Experience
13 years, 4 Months

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Work Experience

Total years of experience :13 years, 4 Months

Finance Manager at Truba Arabia Co Ltd
  • Saudi Arabia - Jeddah
  • My current job since August 2011

Designation Chronology
• Dec 2014 - Present, Finance Manager
• Aug 2011 - Nov 2014, Senior Accountant

Key Responsibilities as Finance Manager
Financial Planning & Administration
• Spearheading financial management for the company, relating to cashflow, budgets, revenues, and expenditures.
• Leading the annual budget preparation process, along with formulation of cashflow forecasts, and submitting it to the management for approval.
• Ensuring compliance to pre-defined budget preparation policies and timelines, providing decision-making support to key stakeholders.
• Handling allocation of budgets for operating expenditures and corporate operations, while maintaining constant track of budget utilization.
Financial Analysis & Reporting
• Conducting review of financial information about assets, liabilities, and capital, and administering control over profit & loss.
• Reviewing, scrutinizing, and approving balance sheets, P&L statements, and expenditure reports prepared by the accounts department.
• Analyzing financial statements, P&L status, cashflow, operational costs, and other reports to understand the company’s financial position.
• Providing rational projections of the company’s financial standing to the management on a periodic basis, to ensure that finances are streamlined.
Departmental Processes & Operations
• Involved in the authorization procedures for all contracts forged by the company with external parties, invoice vouchers, and other commercial documents.
• Developing and sustaining healthy professional relations with government authorities, banking partners, external auditors etc.
• Providing robust consultancy to the management with regard to the application of financial resources available with the company.
• Managing improvement initiatives with regard to existing accounting systems, financial policies, and standard operating procedures.

Key Responsibilities as Senior Accountant
Company Finances
• Managed company cash, controlled daily bank balances, handled fund transfers, and vendor payments.
• Supervised all transactions within the company on a day-to-day basis, while also managing cash flow and banking operation.
• Rolled-out effective processes for capturing payrolls, compiling reports, updating records, and transferring payrolls to the bank.
• Analyzed revenue and profitability numbers, and handled the preparation of Zakat and Income Tax, as per norms.
• Supervised and monitored the reconciliation process for all accounts between related parties such as suppliers, vendors, banks, and customers.
Operations Management
• Ensured maximum accuracy and reliability in handing the company’s accounting, report generation, and fund management.
• Maintained complete compliance to the set policies, administered control over accounting systems in place, and streamlined the flow of financial data.
• Led and managed the performance of accounting staff, provided them with assistance in carrying out day-to-day activities.
• Provided training, motivation, and guidance to team members, and resolved their issues with regard to various accounting functions.
• Initiated and deployed continuous improvements for existing accounting systems, practices, policies, and procedures.
Financial Reporting & Auditing
• Involved in the development of profit and loss statements, company balance sheets, and annual finalization of accounts.
• Generated management reports using the accounting system, forwarded reports to the senior management for their review.
• Rendered accounting consultancy to the management with respect to finances, budget realizations, taxation matters etc.
• Maintained coordination with external auditors and provided them the required support for financial audits of the company.
• Initiated immediate corrective actions to streamline non-compliances in the department, as per the auditor’s reports.

Billing Officer at Saudi Germany Hospital Group
  • Saudi Arabia
  • December 2010 to August 2011

Key Responsibilities
Day-to-day Billing Operations
• Involved in the preparation of bills and invoices debited to the patient, and collected the amount in either cash or insurance claims.
• Collated all invoice statements in the patient’s file for record-keeping purposes, to avoid any discrepancies or issues in future.
• Handled the reconciliation of daily cash collections, updated the hospital software with accurate entries, and sought the approval of administrative head.
• Liaised with insurance providers to receive the billing amounts claimed by multiple patients on a regular basis, and maintained records for the same.
Monthly Accounting Activities
• Assisted the hospital’s accountants in the collation of data, generation of reports, and verification of cash receipts in the respective month.
• Provided a reconciliation of monthly cash flow and monthly collection figures to the accounts department, for their further processing.
• Involved in the preparation of statement of accounts, monthly closure report, profit and loss analysis report, and credit billing report.
• Coordinating with the accounts and administration departments for the procurement of payments due from patients for more than 7 days.

Education

Bachelor's degree, Commerce (Accounting)
  • at Mansoura University
  • May 2010

Bachelor's in Fiance and accounting

Specialties & Skills

Accounting
Budget Administration
Cashflow management
Assets & Liabilities
Financial Management
Billing & Invoicing, Payroll Management, Accounting Transactions
Financial Planning & Forecasting, Financial Analysis, Financial Reporting
Cashflow Management, Financial Consultancy, Risk Management
Account Payables, Account Receivables, Account Reconciliations
Accounting Policies, Departmental Framework, Administrative Control
Planning, Organization, Tasking, Management, Communication
Compliance Management, Accounting Accuracy, Audit Support
Asset Management, Liabilities Management, Fund Management
Result Delivery, Analytical Thinking, Decision Making, Problem Solving
Annual Budget Planning, Operational Budgets, Expense Management
Enterprise Software: Front Office Medical ERP, Oracle Accounting, JD Edwards Financial ERP
MS Office: MS Word, MS Excel, MS Access, MS Outlook

Languages

Arabic
Native Speaker
English
Expert

Memberships

Institute of certified management account
  • Member
  • March 2014

Training and Certifications

CMA (certified management Accountant ) (Certificate)
Date Attended:
April 2017
Valid Until:
January 9999
DipIFRS (Certificate)
Date Attended:
January 2018
IELTS (Certificate)
Date Attended:
May 2016
Valid Until:
January 9999

Hobbies

  • Computers and Programs, Global IT News, Traveling, Culture, Football