Financial Trainer and Consultant.
Freelance
Total years of experience :24 years, 7 Months
For Consultancy work; I used to study the company's situation to ba able to submit the suitable sulution to improve the performance.
For training work; I uset to prepare the course material after studying the company's activities and employees needs, and conducting the course
Participating with the entity’s family to achieve its Goals, Mission, and Vision, and increasing the ROI (Return on Investment); that will happen through understanding the entity’s strategic plans, and recommending for any modifications (if required); that will happen after and while working on 4 parallel lines as below:-
A. Dealing with the decision takers
As a decision maker for this line; I have many commitments and ethics toward them by ensuring submitting my periodic reports as required in accurate, clear, transparent, and honest. These reports including the below (and others as per the situation requirements)
• Financial statements as per IFRS, or any other specific GAAP
• MIS reports as required by entity’s activity (actual vs. budget, financial statements analysis …etc.)
• Entity’s performance report
• Debts reports
• Ensure corporate governance and compliance with all legislation
• Any other reports as per the entity’s policy and situation requirements
B. Dealing with other departments
As an advisor for this line (internal partners) I have many duties toward them, such as;
• Understanding their work cycle to evaluate our submitted services and to improve it (if required) to ensure that work is going on smoothly
• Supporting in budget preparation
• Providing each department with its performance reports with advices on how to improve the performance
• Submitting advices sheet in case if my team's results showed that there will be any kind of variations with the authorized plan and budget, to avoid any deviation
C. Dealing with my team
As a decision taker for this line I have many commitments and ethics toward them, on technical and psychological sides by training, motivating, encouraging them to improve their performance as futures finance managers doing the below tasks;
• Forcing the best financial system, model, and policy depending on business type and nature (if required), or modifying the existing one (if required)
• Participating in the budgeting and forecasting process and developing long-term business plans to minimize the financial risk
• Reviewing, monitoring and managing budgets
• Managing the cash flows, monitoring bank accounts, and maintaining the relations with the banks and vendors
• Analyzing the financial statements for improving the entity performance, credit position, and investment situation.
• Managing and overseeing the daily operations of the accounting department
• Monitoring the accuracy of accounting treatments and classifications
• Preparing the consolidated reports for the group, or the branches as applicable
• Preparing the taxes reports
• Facing any challenge, and finding the best solution for any issue
D. Dealing with external partners
As we have many external partners and the relation with them should be maintained on proper way, so I have many commitments and ethics toward them to ensure that we will gain the maximum benefits of our relation together
• Maintaining the relation with banks officers
• Maintaining and negotiation with suppliers & subcontractors if required
• Maintaining the relation with creditors and debtors
• Maintaining the relation with external auditors
• Maintaining the relation with tax agents and / Or FTA inspectors
KNETCO is a telecommunication company, part of Alghanim group (Kuwait), KNETCO has 6 branches in UAE; I was reporting to CFO in Kuwait.
Achievements
1- Participating in building the financial character for 2 persons
2- Setting separate chart of account for each branch and for the company as an one entity
3- Participating in feasibility study for a new trading company for purchasing telecommunication accessories from China.
4- Managing the cash flow after stopping head-office (Kuwait) financial support
5- Reducing the cost with keeping the positive results
SPI is a group of companies has factory in Hamriah Free Zone for producing perfumes for foreign markets, factory in UAQ for producing perfumes for local market, a retail company in Dubai; which was responsible for selling the products, and chemicals trading company; Reporting to MD.
Achievements
1- Participating in building the financial character for 1 person
2- Setting the accounting system for 4 companies with different activities (2 factories, and 2 trading companies
3- Leading my team to get the financial statements for the main company for the first time in company life after 6 working years in 6 working months
BEMCO is the electromechanical company in Bin Laden Group in KSA, our work in UAE was with DEWA in Dubai (DEWA Electricity Station faze 2) & FEWA in Fujairah (Quadfaa Electricity Station), and Abu Dhabi. I was reporting to Finance Manager in KSA
Achievements
1- Renewing the trade license for two branches (Dubai, Abu Dhabi) for the first time in UAE.
2- Closing of Fujairah branch
3- Learning how to use ERP for the first time
RTA is a part of ILLIC group in Kuwait; I was working in its business in Fujairah (RTA Crusher). Reporting to Finance Manager in Kuwait
Achievements
1- Participating in building the financial character for 2 persons.
2- Setting an excel sheet to reflect the actual cost for all kinds of aggregate, then reducing the cost
3- Getting the financial statements for the first time in my practical life
4- Learning how to use the accounting software for the first time
5- Managing the cash flow positively allowing us to open new market in Qatar
Make strategic plans for sales department and follow up the performance to achieve these plans
Manage purchasing operation starting from the nails up to A.C.
Follow the executive department
Manage accounting department and deal with C.A.
Deal with governmental divisions for head office and the branch
Managing accounting cycle up to finalization
Handle company’s debts with banks
Handle the relation between the factory and the company
Purchase all needs for company
Indoor & outdoor sales
Casher
Indoor sales & Customer services
Prepare invoices
Follow customers to clear installments
Prepare customers accounts
Prepare documents for general accountant
Manage the document cycle
Operator
My responsibility was restricted to clear customer’s installment, collecting and preparing the documents to Sr. Accountant