Finance Manager
شركة صناعة مواد البناء . ش.م.ع.ع
مجموع سنوات الخبرة :32 years, 3 أشهر
1- Maintain, Develop and monitor reliable control systems.
2- Ensure that accounting records keeping meets the requirements of GAAP, New IFRS Standards.
3- Verifying the J Vs. & company’s transactions.
4- Submit Monthly Income statement with all relevant clarifications with sales report, product costing Details Forwarded to the GM.
5- Monthly Budgetary Control &Measuring Operational performance by analyzing Results as Quantities and values VS. Standards As per the approved budgets & Standards by Monthly reports.
6- Control Costing, and strive to reduce cost in all Segments of the company, determining the cost price of the Finished Goods to the Customers as Ex. Factory, Or with Transportation Cost.
7- Organization prospects by studying economic trends and revenue opportunities through the economics Feasibility studies when it required.
8- Identifying opportunities for improvement, initiating corrective actions.
9- Preserve the funds and Properties of the Company
10- Manage cash balances & Ensure that the company are continuously keeping sufficient fund to fulfill its financials obligation.
11- Manage the Communications with Banks for the Banking Facilities Deals and Term Loans Agreements for the Company Operations and Company Production Expansion or Enhancement.
12- Assist the GM. in identifying new funding opportunities, monitoring accumulating Capital to fund expansion for any possible positive opportunity.
13- Understand and mitigate key elements of the company’s risk financials profile
14- Preparing Monthly Income Statement to the GM. with all related Clarifications and explanation for major Deviations whether in Cost or Revenue with suggested Solutions
15- Manage preparation of Quarterly Financial Results and Annual Financial year
End Report to be submitted timely to the Board Audit Committee then to MSX. and CMA. Capital Market Authority in Oman.
16- Relations with external and Internal auditors and investigate their findings and
Recommendations.
15-Other duties as assigned by the GM, or BOD.
16-Upload all financial reports with Clarifications through (XBRL) Portal and Platform of MSX. And any Company news or Major events are published through the MSX (XBRL) & MCD sites as the Compliance Officer of the company.
اﻟﻤﺪﻳﺮ اﻟﻤﺎﻟي اﻟﻌﺎم ﻟﻠﺸﺮﻛﻪ .
1. Assist the CEO in preparing the goals and strategic plans for the Company and developing KPIs.
2-Supervising and control the workflow of the departments and evaluating their performance.
3-Supervising the implementation of all the policies of the company
4-dealing with clients/customers of the business.
5-Drafting documents& Reviewing documents including Legal documents such as contracts.
6-Participating in preparing the suitable budget for the Firm
7-Organizing the meetings and and Preparation for the minutes .
8-Attend the meetings with CEO.
9-Plan, develop and manage policies for
Administration & HR
10- Follow up the outstanding points with concern Dept.'s, Customers Or any other parties that have been agreed with
11-Searching and Arranging of Bank facility for funding for the company Operations
12-Ad hoc duties as requested by the CEO.
1- Monitor the revenue report generated by the arrowed schools branches and sister companies on a daily basis.
2- Revision of the daily movements of JV, s check payment & Petty cash reimbursement control.
3- Monitor and forecast day to day cash flow requirements. and reports any gap in cash projections to the Group finance Manager weekly and monthly basis .
4- Controlling and constructing the accounting department team in preparing the monthly closing for the financial statements, closing entries, reconciliation and checking trial balance items.
5- Check and validate the data on the financial management System in order to generate accurate integrated reports.
6- Perform comprehensive reviews of accounting transactions for adherence with established policies and procedures and GAAP principles.
7- Administer the financial reporting system and manage accounting information systems for continuous developments for the business requirements and strengthen any weakness points
8- Preparing and compiling of the Master budget and deliver it to the Committee.
9- Prepare monthly consolidated financial statements for the whole group with the detailed attachments, plus presenting analysis report of the budget variances to identify deviations between the actual figures and the budgeted to show the performance and whether it need any corrective action by the senior management .
10- Analyze the list of findings reported by the internal audit Dept. and guides the branches and sister companies accountants for any corrective actions and to ensure compliance with the measures and policies set by the company top Management .
11- Liaise with external auditors in order to get year-end audited financial statements issued within specified deadlines with the yearly External Auditors Report.
12- Follow up Zakat clearance certificates with the external auditor’s office from Zakat authority.
My work Description in brief: -
1- Implement and Control all policies and procedures of the, Company through finance - Accounting Dept., Preserving the company money, property and providing the required accurate reports to the upper management on time.
2- Staff Disciplines Monitoring.
3- Revise the movements of JV, s for all accounting areas AP, AR, FX, Payroll, Warehouse & GL, addition to the revision & adoption of all Checks payments, petty cash reimbursement, and maintain the accounting systems as per GAAP.
4- Ensure the daily financial procedures & activities in the Accounting Dept. are aligned with the company policies & measures.
5- Cash management and Control on a daily basis and monthly.
6- Review Closings at the end of each month with all branches.
7- Main role in assistant, coordination with several departments in preparing & development of the annual budget and ensure cascading it down to the functional level and that all employees are working towards achievement of the Company goals and objectives within the assigned budget.
8- Based on these results will be sent letters to branch managers and accountants to explain the reasons that led to these Deviations between Actual figures and the budgeted, based on these answers is the preparation of monthly report to senior management for any guidance or corrective actions.
9- Responsible for performing analysis of the profit and loss statement and budget and forecasting report to explain variances.
10-Supervise the Real Estate monthly report and make any necessary update enhancement before delivering to the senior management.
11- Further to the previous point is input to the financial planning for the company where from any historical data, statistical studies or financial explanation which contribute to the basic Ground and clear vision to the senior management in decision making for short terms and long Terms.
12- Supervise the issuance of the monthly report of Real Estate to senior management.
13- Preparation of Monthly, quarterly financial position and, Prepares year-end task Closing schedules end Yearend balance sheet, with full explanations and disclosures.
14- liaise with the internal Audit Dept. regarding the monthly list of findings for any corrective actions
15- Coordination with external audit to facilitate their audit process and to issue the yearly financial statement report, and the issuance of the zakat certificate from the zakat and tax authority.
1-Implement and supervise all policies and procedures of the company through finance - Accounting Dept., Preserving the company money and property and providing the required reports or any required data on spot.
2-Checking All the Journal Vouchers, payment vouchers & Receipt or any rectification JV. For the : -Accounts Payable Area, Accounts Receivable & Petty Cash Area Fixed Assets Area, Pay Roll Area, Warehouses & GL. Where from the required supporting documents, the amount & the Authorized signatory For Control and approval.
3-Oversee the daily financial Procedures & activities to ensure that these activities are aligned with the company policies & measures.
4-Checking items of the TB. and follow up preparing all the confirmation with the banks, suppliers, accounts receivable, petty cash Custodians periodically from time to time or where it needs,
5-Distributing and managing the daily task among the members of the Dept. and follow up the accomplishment of progress, And Maintains the accounting systems.
6-Preparing the daily Cash Flow statues which show the Actual fund available and the Commitment to the suppliers and subcontractors or any obligations for the others With the Coordination of the GM.
7-Monthly closing for all area
8-Follow to the previous point Preparing the Accrual Revenue for all Projects According to the percentage of accomplishment of the progress & (up on the actual survey and actual measurements.) approved by the official consultant and Accruals expenses for each project.
9-Moreover preparing Accrued salaries, Accrued end of service, Accrued vacation, Accrued tickets, Accrued Audit fees, Zakat fees and any other accrued exp. for every period belongs.
10-Checking all prepaid exp. & Prepaid Amortization vouchers for the period it belong.
11-Follow up the confirmation from banks, Creditors, Account receivable &petty cash
Holders and check all previous advance payments.
12-Answering, preparing all requirements of the Eternal Auditors plus the external Auditors (Deloitte) and facilitate their mission.
13-Preparing the Monthly Income Statement for all Projects & Financial position periodically and at the end of the year And on Any date requested.
Plus preparing the Budget VS. Actual Performance Reports showing all variances in quantities and values and reasons.
14-Preparing the budgeting and forecasting needs to be aligned with management's directives and company objectives with cooperation with the technical & engineering Dept. Updating monthly forecasting Expense Standards for each project submitted by the concerned dept. pertaining to changes in Qty, s & Prices after senior management approval to measure the performance of each Project.
15-Any Other request ordered by the GM. Or the CFO or the Internal Auditors of the Group..
16-Manage the requirements of the external auditors and facilitate the Audit process in order to issue the yearly financial statement report and follow up issuance of the zakat certificate.
1-Previewing and checking the payments vouchers before presenting it to the finance manager for attestation
2-follow up the Achievement of tasks which Designated for my subordinators on the required time.
3-Supervision and monitoring of all accounting procedures and policies Instructed by the board of company management, According to the Responsibilities and facilities are Given to me.
4-Supervise all account balances of the trial balance at the end of each month Plus closing all control accounts and doing reconciliation entries where does it need, Maintains the accounting systems
5-Follow up and checking the (projects) monthly billings, AR transaction & Due bills Amount Collections.
6-Oversee the daily financial operations & activities in the Accounting Dept. to ensure that these activities are aligned with the company policy & procedures.
7-Supervising the bank accounts reconciliations at the end of each month moreover the status for each loan.
8-Posting of the transactions from the sub modules of the system to The G/L after the inspection and Checking of The transactions on daily bases.
9-Preparation of the monthly trail balance Along with its details plus the monthly & year ending closing.
10-Preparations of The monthly financials and income statements along with its details and disclosures same as for the project wise.
11-Preparing the monthly budget Vs. Actual Revenue and Expenses Report showing Variances in Quantities and Values and the reasons
12-Preparing the budgeting and forecasting needs to be aligned with management's directives and company objectives with cooperation with the technical & engineering Dept. updating monthly forecasting Expense Standards for each project submitted by the concerned dept. pertaining to changes in Qty, s & Prices after senior management approval to measure the performance of each Project.
13-preparations For The combined and consolidated balance sheets of the group plus the Income Statements along with disclosures on quarterly & yearly basis
14-Preparations cash flow report on weekly and monthly basis.
15-Undertakes the financial manager duties, responsibilities and authorities in his absence.
16-All environment of work was under E.R.P System (Oracle Developer) name Impact, Recently we are working under (S.Q.L) E.R.P System name Infinity brand.
17-Coordination with external audit to facilitate their audit process and to issue the yearly financial statement report, and the issuance of the zakat certificate from the zakat and tax authority
Duties & Responsibilities:
1-Auditing and inspecting the payment vouchers with the supporting Documents.
2-Audit and inspect the journal entries vouchers
3-Follow-up the accomplishment of the daily work
4-Daily preparing the cash flow statement and present It to the senior management
5-Prepare monthly report reviewing the Cost, operating Exp. & Revenues. As per the projects
Comparing to the Budgeted figures,
6-prepare the Monthly closing entries vouchers for each quarterly period like Provisions, Accruals, prepaid expenses, Ongoing projects, Crops in process, Cost of goods sold
7-Calculating and evaluating the Costing of end Finished products etc.
8-Preparing the monthly financial position and the annual balance sheet along with its clarifications and the income Statements.
9-All environment of work is under E.R.P System (S.Q.L) language.
10-Coordination with external audit to facilitate their audit process and to issue the yearly financial statement report. And the issuance of the zakat certificate from the zakat and tax authority
1-Revising and Inspecting the Payments vouchers
2-Revising and inspect the journal entries vouchers & the attached supporting documents.
3-Managing and conducting the job responsibilities of my colleagues where from achieving the daily work and any other tasks designated to any of my colleagues, Maintains accounting systems.
4-Prepare the weekly report introducing the activities of the Dept. And focusing on the problems or the obstacles Facing the work and presenting any suggestions could help or develop the work.
5-Monthly Inspect the finished product store according to accounts Records and make the Adjustment entry where does it need after approval of senior management.
6-present the Daily & accumulated Monthly Cash-flow report to the management showing the cash sales, collection from agents with contrast of credit sales and any other revenue opposite the monthly commitments Like due amount to suppliers, L/C's, notes payable and any other obligations comparing with the expected liquidity budget, also showing the divergences between both, main while enclosed her with a disclosure of the suppliers ageing and with schedule for the due Dates of the other obligations for the current period.
7-Preparing the monthly closing entries, trial balance
8-preparing the monthly income statement compared with the budgeted items where from
values and quantities, plus detailed Jobs orders monthly report shows actual and standard usage and the spoilage item for each job,
9-Preparing the quarterly and yearly financial position along with its clarifications & the Income summery with details.
1- Revising and Inspecting the Payment vouchers cash and chicks and attest It Before present it to the management for final signature
2-Audit and inspect the journal entries vouchers where from its value and the Accounting direction course of these Vouchers according to the attached supporting documents.
3-Follow up daily work of my colleagues in the accounts from what had achieved from the required daily Tasks and any others tasks given to them.
4-Preview the monthly banks reconciliation and preview all account balances at the end of each month
5-presenting the monthly reports which contain the following :-
6-Preparing monthly cash budget which shows the receipts and payments compared with the expected cash flow budget.
7-Preparing Report for due Instalments received &the due late instalments on the Pharmacists related to investment program of the pension fund monthly.
8-Preparing Report for the due amounts of the subscription fee on the members of the Syndicate monthly.
9-Preparing Monthly income statement shows the profitability of each kind of Investment like cars, lands, building flats, Electric machines,
10-Preparing the monthly closing entries with trail balance and the Income summery.
11-Prepare the annual financial position with its attachments and the expected cash budget for the coming year by quantities and values.
1- Reviewing and Inspecting the bank deposit slips in the account of General Administration of Customs for Kuwait state and matching them with the bank statements printout.
2- Prepare the bank reconciliation statement and make report for any outstanding to resolve the issue as soon as possible with the bank.
3- As well as matching the bank deposit slips with the computer data entry print out in order to conform with the data in the computer
4- Issue the required journal voucher for the whole daily revenue of the General Administration of customs for Kuwait state.
5- Then they had sent me to the expense accounts section to review the expense bills and the supporting Documents with the administrative approval decision and the preparation of the payments vouchers and checks.
Professional Qualification
