Financial Analyst/GL/Reporting
Petromin
Total years of experience :14 years, 6 Months
Plan & monitor month end closure activities and ensure the accuracy of financial transactions and accounts balances.
• Monitors the accuracy of financial transactions and accounts reconciliations, ensuring compliance with accounting standards.
• Prepare and review Balance Sheet and P&L fluctuation analyses and ability to dive into the details to further investigate variances vs. budget & forecast.
• Ensure the preparation of timely, accurate and relevant financial reports to facilitate understanding and analysis of the business and business opportunities.
• Prepare the monthly, quarterly, and annual reviews & analysis of balance sheet & P&L, audit requests and inquiries from internal and external auditors.
• Collaborate with internal and external auditors to ensure accurate financial records and compliance with regulatory requirements.
• Safeguard the assets of the company by ensuring that appropriate internal controls are in place.
• Maintain and update accounting systems and software to ensure accurate and complete record-keeping of company transactions in accordance with accounting principles.
• Prepare financial statements, sales reports, commission reports, analysis, and other management review reports as scheduled or as needed.
• Continuously improve financial processes and systems to enhance efficiency and accuracy of financial information.
• Control all finance departments AP/AR/Assets/GL/Inventory/Etc..
• Contact all business departments to improve and update financial controls
Preparing Income Statement
- Summarizes financial status by collecting information; preparing, profit and loss, and other statements.
- Analyzing complex financial reports and records
- Making recommendations based on analysis and status of reserves, assets and expenditures.
- Training and mentoring junior staff.
- Reviewing journal entries of junior accountants to ensure accuracy.
- Performing variance analysis and preparing account reconciliations.
Inventory Control
- Follow-up Movements and Stations Balances, Inventory Movements from warehouse to stations.
- Daily and monthly reconciliations and matching between (Stations and warehouse)
- Fixing inventory issues (delivered from warehouse and received in station).
- Follow-up warehouse to insure that all issues and returns related to warehouse recorded in System.
- Preparing monthly reports to show the inventory results and submit to manager.
- Monthly reconciliations and matching to insure the inventory movement’s values have been recorded in System
- Follow-up Inventory Adjustments and investigate all.
- Review monthly WAC (Station System - Warehouse System) and compare and matching values, and fix issues.
-Preparing the final inventory quantities and values reports.
-prepare cost of goods sold statement on monthly basis.
1-Inventory Control (Excel - ERP System)
- Enter Stores Movements.
- Follow-up Movements and Balances Stores.
- Matching the Amount of Sales with Credit-Management.
- Adjust the Purchase Amounts of Sister Companies.
- Control over the Carpentry Workshop and Pricing Manufacturing.
- Follow-up Operations with Sister Companies.
- Follow warehouse inventory.
Stores Accounts (Excel - ERP system)
-Additions Pricing and Pricing of the Outgoing.
- Approve Withdrawals from Sister Companies Closing Purchases Account
- Follow-up Inventory Adjustments.
- Closing Procurement Restrictions & Expenses Restrictions.
- Proof of Expenditure Restrictions Stores.
- Expenditure Analysis and Compared to Previous Years.
- Recycled Raw Materials pricing of Each Quarterly Periodic Reports.
Periodic Reports
-Production Reports
- Report Inputs and Outputs (The main line and the machine OF Metal)
- Reports of Inventory Impact
- Consumption Reports
- Sales Reports
- Board of Directors Reports (Reports Business Results)
- Reports of Estimate the Monthly Incentive
- Daily Reports and Emergency Reports
- Inventory Valuation Report
- Net Outgoing From Any Store Report.
-Supporting and assisting the Cost Manager in accomplishing the requirements as set by the company which
Will include ensuring that all accounting entries within the groups they support are timely, accurate, and comply with generally accepted accounting principles
- Implementing and monitoring standard work procedures for product cost tracking
- Perform monthly cost rolls for finished products manufactured and purchased along with cost change analysis
- Provide A/P cost verifications
- Preparing, analyzing and tracking monthly actual to standard usage and loss variances as directed, assisting in the preparation of the appropriate quarterly and annual reporting packages
- Performing special projects as required
- Conducts and analyzes audits of costs and prepares reports
- Completes and submits monthly market administrator reports
- May support internal and external audits.
- Analyze cost accounting data and assist with cycle count/physical inventories
- Maintain internal control documentation and test internal controls
- Prepare detailed account analysis and reconcile sales, cost and inventory, liability accounts by customer type by division
- Review and improve the controls needed for data accumulation and reporting systems
- Coordinate physical inventory counts and cycle counts
- Investigate cycle counting variances and resolve issues
- Review standard and actual costs for inaccuracies
- Validate the cost of goods sold as part of the quarterly-end close.
- Accumulate and apply overhead costs as required by generally accepted accounting principles
- Report on periodic variances and their causes
- Help implementing a new ERP system instead of the manual Excel system by revising reports, issuing normal monthly journal entries and help correct system problems and issues so the ERP system be reliable.
2- Wages
- The distribution of wages and salaries
- Closings salary restrictions
- Analysis of wages and wage reports
3- Asset
-Registration buy assets and distribute them to cost centers
-Review depreciation and work restrictions
-Asset Reports
4- Import and export operations
- Follow-up shipment documents
-Review Repayment terms and conditions for shipping
-Review Shipment documents after receipt of shipment (bills - Insurance - Bill of Lading - fees loyal - Other Expenses)
- Follow-up (bank charges) and reviewed in accordance with contract terms
- Proof of all expenses for each scarcity in the daily restrictions
- Price reports for shipments road
- Reports on import and export operations in general
An Effective Team Member in Financial Department.
- Review Insurance Policies Issued Compulsory
- View the cars and determine their validation to Insurance
- Determine the Amount of Insurance
- Daily report to the new cars and the renovation Policy
- Determine the new Insurance rate to each car in renovation time it depends the history of Accidents.
- Study of tenders and auctions market to open new markets for the company.
- Tenders attend and learn more about it.
- Negotiating with clients in insurance rates.
- Taxes review.
- Issue Expenses.
- Review Monthly Compilation with the Bank.
- Responsible for the Documentation Process for Insurance Cycle.
- Review and Documentation of Bills
- Work on Daily Service and Sales Restrictions
- Prepare some Financial Daily Statements.
1. Sales man:
- Sales in Door
- Responsible For Cash Handling and Day Closing
- Provide Daily Financial Reports to the Head Office.
2. Coordinator (In the After-Sales Service and Maintenance Management of the Main Center):
- Maintenance Assistant Director of local Products
- Data Entry
- Follow-up of local Suppliers
- Handling Customer
- Return Merchandise Authorization Coordinator.
Good
