Finance Manager (Head of Finance)
NORTHERN CEMENT COMPANY
مجموع سنوات الخبرة :12 years, 9 أشهر
Budgeting & forecasting with strict monthly follow up.
Daily & monthly management reporting.
Strong cash flow management.
Internal controls, policies & procedures.
Regulatory compliance.
Quarterly audit follow up with Amman stock exchange disclosure.
Short & long term business plans.
• Established new function for the cost & inventory control.
• Reduced the rent expense 40% by negotiating the lease contracts with the landlords.
• Slashed the staff cost 35%, while ensuring the continuation and enhancements of services.
• Provided strategic information & advice to the board.
• Guided financial decisions by establishing, monitoring, and enforcing policies and procedures.
• Protected assets by establishing, monitoring, and enforcing internal controls.
• Ensured proper accounting allocations based on international and industry standards and best practices.
• Strong Cash flow management.
• Budgeting & Forecasting with strict monthly follow up.
• Short- & long-term business plan and strategies.
• Detailed and timely business & cost analysis reporting.
• Feasibility and viability studies for new projects.
• Business risk assessment and processes reengineering.
• Performed the full audit cycle including risk and control management over operation effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Identified the internal audit scope of work and developed and implemented effective action plans.
• Obtained, analyzed and evaluated accounting documentation for P&P, reports and data.
• Prepared and presented timely reports reflecting audit progress and documentation process to Audit Committee.
• Maintained open communication with management and audit committee.
• Assisted in developing and maintaining a culture of accountability and integrity.
• Provided a consulting service, advising management on improving system efficiency and processes reengineering.
• Provided value-added advice and support to business partners on the creation and establishment of the full policies, procedures & processes of the company covering all major departments activities and day-to-day operations and practices to ensure an appropriate and effective level of internal control.
• Performed and controlled the full audit cycle ensuring monthly reporting for board meeting.
• Audited cash & bank accounts, account payables and receivables, accruals, expenses and budgeting process.
• Data analysis for each department (Cost center) to check the trends and evaluate monthly performance and highlight any abnormal transactions and activities.
• Built the finance department structure from the scratch and delegated roles and responsibilities as per the company`s needs.
• Controlled bank accounts, transfers, deposits, and issued cheques, reviewed and approved the bank reconciliation twice a month.
• Prepared monthly reports for the group CEO and the Board of Directors and attended the monthly meeting to present and discuss the financial results.
• Imposed control over customers’ reconciliation and collection procedures through the aging report on monthly basis.
• Responsible for internal audit functions and performed test of controls through individual transactions check-up.
• Prepared monthly reports for the group Head of Internal Audit in Lebanon and the Board of Directors.
Manage the cash and cheque transactions daily
Review the bank reconciliation twice a month
Review the reconciliation for the suppliers statement of accounts
prepare and sign cheques for suppliers payments
Prepare the monthly report for the top management
Check and approve the monthly salaries for more than 450 employees
Attend all board of directors meeting
prepare the yearly budget and monthly forecasting
Follow up with the approved budget
Controlling the expenses on daily and monthly bases.
• Trial balance analysis for a wide range of companies, factories and non-profit organizations, in addition to balance sheet & income Statement analysis, using ratios and comparisons between the current year and previous one and verified the decreases and increases of each account in the trial balance.
• - Studied major accounts in the trial balance such as Cash & Banks, Accounts Receivable, Accounts Payable, Inventory.
• Industries covered: Education, Oil & Gas, Retail, not-for-profit, Pharma and Embassies.
• The Hashemite University (2011) Jordan - Amman Degree: B.S.C. - Accounting Good.