Group Chief Accountant
Chalhoub Group
مجموع سنوات الخبرة :22 years, 6 أشهر
• Monitor all accounting processes in parallel with Managing the Accounting team Functions for the distribution companies (more than 60 very famouse brands) & ensure that all entries & JVs are properly handled as per the set rules & regulations, in order to achieve the group deadlines with both qualitative and efficient reports.
• Set up formats on spreadsheets for regular reporting & analysis on business units & financial overview .
• Evaluate the performance of the Accounting Department team in compliance with approved appraisal forms and recommend best course of action, improve communication and encourage team spirit.
• Stay up-to-date with applied laws and regulations and maintain continuous compliance with general and specific Accounting principles.
• Monitor and approve expenditures as per Accounting policies and procedures.
• Assist the Group fiancial controller during the preparation of yearly budgets and ensure that they reflect the actual needs of the company's departments.
• Filling groupconsolidated financial statement, monthly, quarterly and annually management reporting.
• Liaise with the auditors of Deloitte in order to submit all requirements to smoothly finalize the financial statements/Zakat & Tax return (Income, withholding &VAT )and make sure the group is in alignment with all governmental requirements .
• Coordinate with KMPG/Deloitte consultation department to improve our accounting processes and mitigate the variety risks affecting the company .
• Continuously review the adopted methods and principles and develop existing Accounting principles as appropriate.
• Direct month end closings, financial reporting and coordination of audits with external auditors.
• Assist of implementation of ERP system .
• Responsible of overall financial aspects, controlling and reporting function of Company.
• Set & implement the Job costing module and integrate it within the overall accounting & financial planning in a way to optimize the project cost evaluation and increase profitability.
• Generate monthly & Quarterly financial reports (BS, IS & CF) with Graphs, Charts and indicate main variances (Actual vs. Budget) with comments & justification to CEO / GM & achieving time line goal.
• Analyze key financial data and KPI`s within the company (financial and operational), ensuring that managers receive timely, accurate and relevant information.
• Participate in developing long-term plans and financial models to improve planning and budgeting.
• Ensure accounting activities comply with relevant legal, professional and ethical standards with required internal controls processes.
• Prepare capital expenditure budgets and assist in the preparation of operating budgets.
• Assist of implementation of feasibility studies, capital budgets & providing evaluating comprehensive quantitative analysis on each project using IRR, NPV, …etc.
• Act as liaison between the company and service providers and assist in risk management, issue mitigation and resolution.
• Maintain internal control and safeguards for receipt of revenues, costs.
• Dealing with banks and follow up finance issues and loans installments.
• Lead, develop the Finance team members & Controlling department in all staff related matters in coordinating HR/Admin and IT functions.
• Upgrade charting of accounts & establish accounting structure.
• Supervise of year end process closing with liaising with external Auditors.
• In-charge directs the overall financial affairs for the company which includes monthly financial closing, and daily financial transactions.
• Issue the standard financial reports, to present on regular basis reports to Financial consultant & and senior management and achieving time line goal.
• Generate weekly/on demand reports such as Banks Status Report, Sales Reports, Accounts Receivables, Payments Reports and Cash Budget.
• Working with company departments to prepare 5 Years Budget Plan.
• Assemble spreadsheets and draw charts and graphs used to illustrate technical reports.
• Lead the accounting team & review the accuracy of recording and reporting of daily transaction such as (Receivables & Collections, Payable & Payments, Payroll, Fixed Assets, Inventory, Prepaid Expense, Allowances, Accruals …. Etc).
• Assist of implementation of ERP system.
• Undertake banking transactions and follow up finance issues and loans installments .
• Set up chart of accounts with continuous development, with coordination with Economic Advisor.
• Coordinate with external auditors.
• Execute & review all accounting functions by applying local accounting principals.
• Deal with all bank issues, follow up loans & installments, reconcile bank accounts & confirm balances.
• Process & prepare weekly & monthly financial information.
• Involved in issuance of Cash Budget, Production cost report and Budget variance report.
• Controlled raw materials stock, usage and issued raw material losses reports.
• Produce periodic reports for the Project Controls Section.
• Supervises, provides guidance to and coordinates effort of cost controllers assigned to program.
• Develops and maintains status reports including: labour productivity, schedule status, financial analysis, Cost Performance Reports and earned value curves reports.
• Controlled entire domestic & export shipments, sales and followed up all its related issues.
• Prepared monthly cost of goods manufactured and unit cost report & operational expenses report compared to prior year actual and current year budget.
• Follow up current account with foreign sister group companies in Hong Kong & USA.
• Finalize & process of annual accounts for audit purpose
1.Independently, handle & monitor accounts & refer to headquarters
2.Executed all accounting functions applying local accounting standards.
3.Monitored banks accounts, receivables/payables, fixed assets, depreciation, purchase orders, salaries, and all related accounting transactions.
4.Controlled products promotional activities and related costs.
5.Controlled all domestic & export shipments, sales and followed up on all related issues.
6.Maintain cashbook including general ledger.
7.Process & prepare monthly payroll & social security issues Controlled daily transactions and the preparation of journal vouchers.
8.Controlled domestic sales, accounts receivable / payable, cash payments, expenses, bank accounts, and fixed assets.
9.Full responsibility over raw materials ( usage & losses rprts ).
· Periodically generating quality controll reports to assess product- inventory status which showing weakness or strrngth points of product.
· Managing end of physical takes & handling logistics issues( memorandum, records).
· Providing information to the purshasing division on expedites, cancellation&
Rascheduling orders.
· Responsible for implementation, traking & managing accuracy of issues .
· Analyzing cost & other business function in order to develop a new or modify informatin processing system to improve the product continually.
· Corresponding to supplier ( vendors, customers & agents).
· Filed in place order &supplier price .
2.61 out of 4