Finance Manager
SMSA EXPRESS LLC EGYPT
مجموع سنوات الخبرة :21 years, 6 أشهر
SMSA Express is the Leading Express Transportation and Logistics Service Provider in Saudi Arabia with more than 25 years of service, they provide many services like Express Services, B2C e-Commerce Solutions, Air & Sea Cargo, Mail Management Solutions, etc.… after a short period of joining the company in Riyadh, I got promoted to be the Finance Manager of EGYPT branch and to build the company from scratch with the below missions,
The Finance Missions,
• Direct and oversee the Finance department by planning, establishing and leading the implementation of the Finance operations within the entity to ensure the accuracy of the financial analysis, information, and reports provided to the Country Manager to support the achievement of the company’s strategic objectives. Additionally, confirming compliance with the accounting standards and tax laws.
• Contribute to the development of the company’s overall business strategy implementing the elements of company’s budget properly
• Oversee the preparation, monitoring, and control of the annual budget ensuring that actual deviations are identified and proper recommendations for rectification are provided.
• Oversee and direct accounting activities including general ledger, receivables, payables, assets.
• Direct and lead the treasury function ensuring the efficient management of cash flows and forecasts, funding, investment opportunities, and relationships with banks and other financial institutions.
• Direct the analysis and reporting of financial information that provides the Managing Director with financial performance and intelligent reporting that supports decision making.
• Provide leadership for the effective achievement of the Finance department’s objectives - setting individual objectives for direct reports, provision of guidance, support, and provision of informal feedback
• Help maintain the Finance policies, procedures, standards, and forms that govern how work is carried out within the Finance department and relationships with other departments to achieve efficient workflows within the department.
• Sponsor and support the process of change within the organization and manage its implementation within the Finance department ensuring a smooth transition towards the realization of any new organizational initiatives.
• Develop and maintain reports, analyze complex information quickly, draw meaningful conclusions and provide synthetic financial analysis that enables the various departments to make appropriate business decisions
• Ensure the adequacy of internal control system
• Performing the feasibility studies of any new project, review contracts, review SLAs, and ensure the ability of the project implementation.
• Preparing the technical and financial offers of any new tender.
Business Development Missions,
• Analyzing market trends to identify and seize business opportunities and maximize profits.
• Studying the market needs and competitors’ prices to adjust the company’s business model according to the market needs.
• Offering assistance to the senior management in making financial decisions and assets running.
• Suggesting and developing any new services, customizing pricing, obtaining sales opportunities.
• The ability to refresh the idle customers.
• The to promote the tools of the company to enhance and maximize the revenue.
SMSA Express is the Leading Express Transportation and Logistics Service Provider of Saudi Arabia with more than 20 years of service, they provide many services like Express Services, B2C e-Commerce Solutions, Air & Sea Cargo, Mail Management Solutions, etc…
Core of my task is to ensure all around improvements in COD (Cash On Delivery) service standard relating to the finance process, to solve the long outstanding/disputed cases in timely manner, reviewing contracts, maintain records for frequency of payments by customers, follow up on proper updated from operations, ensure timely update by finance team in AR module, follow up with regional finance/operation and retail team for all related issues, meet customers to resolve disputes and improve the business via the direct and indirect solutions of problems, follow the cases handed over to the legal department.
The core of the job is to control the Credit Control department in the central region through a leading regulation mechanism for my teamwork to implement the following missions through a timed steps plan,
1. Supervising booking all sales and collections transactions in ORACLE system.
2. Reconciling the Accounts Receivables with the top customers and supervising any other reconciliation with my team.
3. Reconcile the subsidiary ledgers.
4. Manage the credit approvals and assure the collection of funds from credit customers.
5. Adhere to establish credit granting policies and practices to ensure that credit is granted only to credit worthy customers.
6. Investigate and verify the financial status and reputation of prospective customers applying for credit
7. prepare report to prove findings.
8. Recommend approval or rejection of applications.
9. Establish credit limitations on customer accounts with the cooperation with the sales department.
10. Ageing the balances to review and update the credit limits of the customer.
11. Making filed visits to the customers to help them solving their problems and accelerate the regulations of the reconciliations and confirming the balances
12. Direct and coordinate activities of staff engaged in conducting collecting receivables from current and idle accounts of customers.
13. Helping the customers to face their problems.
14. Review collection reports to ascertain status of collections and balances outstanding and evaluate effectiveness of current collection policies and procedures.
15. Audit idle accounts considered to be noncollectable to ensure maximum efforts have been taken before assigning bad-debt status to account.
1. Manage and oversee the daily operations of the accounting department.
2. Monitor and analyze accounting data and produce financial reports.
3. Improve systems and procedures and initiate corrective actions.
4. Ensure an accurate and timely monthly, quarterly and year end close.
5. Supports budget and forecasting activities.
6. Supervise the general ledger group to ensure all financial reporting deadlines are met.
7. Supervise the Accounts Payable and ensuring timely payment according to our credit terms.
8. Supervise the Accounts Receivables along with the smooth follow up with the customers and ensuring timely collection of receivables with the granted credit terms.
9. Supervise the payroll process.
10. Preparing cash forecast for each department and Organize the financial needs for all cash payments.
11. Coordinate banks accounts with bank reconciliation.
12. Preparing profit centers reports via analyzing costing per shipment and its effect on Profit and Loss Accounts
13. Corresponding & organizing deals with our agents all over the world, organizing our mutual invoices & their wire transfers.
14. Making Feedback reports.
15. Supervising the general & administration expenses.
16. Responsible for all managerial affairs.
17. Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
18. Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.
• Using MS Excel to proceed the financial transactions.
• Recording in financial auxiliary copybooks.
• Preparing the cost sheet for every order
• Making invoices.
• Organize & follow payments of the receivable accounts.
• Organize & coordinate payments for the payable accounts.
• Coordinate banks accounts.
• Make the financial reports.
• Prepare prices offers & make work contracts with customers.
• Using MS Excel to precede the accounting transactions.
• Responsible for Cash.
• Coordinate banks accounts.
• Organize the financial needs for all cash payments.
• Making invoices, manage the receivable accounts, coordinate & follow payments.
• Correspond with our agents all over the world, organizing their credit invoices & their financials remittance.
• Organize payable accounts & their payments.
• Make the accounting cycle.
• Preparing the monthly reports.
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