Finance Manager
Kuwait Saudi Pharmaceutical Industries Company
Total years of experience :15 years, 4 Months
-Preparing All Financial Statements (Profit & Loss Normal & Costing Center, Trial Balance, Cash Flow, Balance Sheet, Budgets &financial reports).
-Ensure the provision and interpretation of financial information.
- Monitor all cash flows, contribute to forecast future trends, analyze changes and provide advice.
- Develop long-term strategic process plans.
- Interest in studying market trends and analyzing competing firms.
- Ensuring the development and improvement of mechanisms applied in financial management, which contributes to reduce risks.
- And other takes related to the position.
-Managing the financial reporting for the organisation. This includes monthly financial reporting, budgeting and forecasting, 5 year financial plans and all statutory financial reporting
-Providing sound financial support and insights to enable the ELT to make critical business decisions
-Presentation of financial results and insights to the Board
-Managing and overseeing the cash flow of the company and ensuring it has the appropriate treasury controls
- Managing the External Auditor relationship and ensuring the organisation is compliant with accounting standards
-Verifying, allocating, posting and reconciling accounts payable and receivable
-Producing error-free accounting reports and present their results
-Analyzing financial information and summarizing financial status
- Spot errors and suggest ways to improve efficiency and spending
-Provide technical support and advice on Management Accountant
-Review and recommend modifications to accounting systems and procedures
-Manage accounting assistants and bookkeepers
Participate in financial standards setting and in forecast process
-Provide input into department’s goal setting process
-Prepare financial statements and produce budget according to schedule
-Assist with tax audits and tax returns
Direct internal and external audits to ensure compliance
-Plan, assign and review staff’s work
Support month-end and year-end close process
-Develop and document business processes and accounting policies to maintain and strengthen -internal controls
-Ensure compliance with GAAP principles
Liaise with our Financial Manager and Accounting -Manager to improve financial procedures
Functional Tasks:
Responsible for salaries, social security, bank
and all financial matters.
Preparing All Financial Statements (Profit & Loss
Normal & Costing Center, Trial Balance, Cash
Flow, Balance Sheet, Budgets &financial
reports).
Identifying all cost elements for foreign
purchased goods.
Preparing all journal entries of costing
transactions up to the last destination point for
the goods (L/C opening, Shipment costing, and
Receipt of goods).
Handling and reconciling A/P accounts.
Making final settlement for both IBC’s & LC’s
(Sight, acceptance & Murabaha).
Stock taking quarterly & the end of the year.
(Main Store, Factory & Company Showrooms).
Functional Tasks:
Responsible for salaries, social security, bank
and all financial matters.
Responsible for long-term and bank credits.
Recording CPV & RV Daily.
Monitor arrests and disbursements and ensure
out of 100.Very Good)