Group Finance Manager
Al Borg Diagnostics
Total years of experience :16 years, 1 Months
Develop, update annual budgets and quarterly forecasts, and related policy guidelines and ensure that it`s all done in accordance with the company specific chart of accounts.
Communication of the annual budget and quarterly forecasts preparation timetable.
Develop appropriate templates to prepare the budget and quarterly forecasts by all concerned departments and ensure that costs form all relevant sources are captured correctly.
Comply with the approved policy of budgeting and forecasting, regarding the deadlines and the management of budgeting process.
Provide full and proactive support and guidance to each budget owner in budget and forecast preparation.
Receiving the budget and quarterly forecasts from all departments and critically examine them for correctness, accuracy and completeness; and conformance with the established procedures, regulations, and organizational objectives and suggesting suitable amendment sin the budget to the concerned departments.
Study the previous budget and also taking in the consideration the benefits and losses occurred during the previous financial years, due to budget planning.
Consolidating the data for budget and quarterly forecasts presentation and also providing an overview over the financial status of all operations.
Preparing periodic detailed reports pertaining to discrepancies and amendments that occurred in the budget and quarterly forecasts, during the entire financial year and analyzing actual results to budget/ quarterly forecasts.
Monitoring budget and quarterly forecasts throughout the year on a monthly basis through detailed variance analysis prepared, and monthly or more regular meetings with budget owners.
Submitting the weekly, monthly and quarterly actual vs. budget performance reports for further scrutiny and approval in accordance with the approved policy.
Analyzes actual operating results and identifies key financial and operating issues to be addressed; quantifies actual results versus budget and forecasts
Produce of the financial reports and presentations for management throughout the year.
Active involvement with the chief accountant in managing the external audit.
Preparing the presentation and other reports for the Board and Top Management.
Monitoring the projects costs against the budget and quarterly forecasts
Prepare all other types of Financial Reporting requirements packages for management reporting. This also includes timely completion of the management reporting package prepared by Investcorp, each month, and each quarter in a timely manner. Responsible for all types of financial analysis required.
Ensure that the financial data and management accounting data are in sink.
Develop financial analysis process covering all sort of financial and non-financial data to facilitate managing the co. business.
Support accounting manager in the case of emergencies or critical projects on a as needed basis.
Assist the CFO in managing adhoc projects.
Ensuring full confidentiality of data in the strictest of manner.
Completion of all IPO related tasks (Business plan- financial due diligence- financial data support etc.)
Prepare monthly set of financial statements .
Prepare necessary analysis of financial statements variances actual vs. budget with proper explanation .
Prepare Working Capital Management
Inventory Monitoring against Target .
AP Balance checking against Inventory .
AR checking and monitoring .
Weekly Sales and GP monitoring and analysis, drives product and channel profitability .
Channel Wise Analysis and Review .
GP Adjustments review including GP Support, Price Change Support and Clearance Support.
Price review and monitoring .
Weekly Profit & Loss Statement reporting / Weekly Cost Center reporting .
Monitor Pricing of Products in SAP .
Preparing periodic reports with respect to company activities and achievements to be submitted to the Finance Manager & Financial Reporting & Planning Manager .
Performing other duties related to the job as assigned by the Finance Manager & Financial Reporting & Planning Manager..
Prepare a complete set of Budgets reports for the whole company and for the different departments.
Prepare monthly operating expenses on a cost center wise.
Issuing And Booking Of The Sales Invoice .
Issuing And Booking Of The Purchasing And Expenses Invoices .
Reviewing Of The General Ledger Accounts .
Reconciliations With The Suppliers And The Customers
Preparing A Bank Reconciliation With Different Bank Accounts.
Closing Of The Accounts And Preparing The Proforma Income Statement And Balance Sheet
Preparing A Complete set of Budgets Proforma and Reports In Order To Be Compared With The Actual Results .
Apply Ratios And Variance Analysis to the Actual Results.
Preparing a Monthly Performance Reports and Business summary for the Actual Results.
Reporting To The Group`S CFO With The Required Information As Per His Request .
Coordinating With Auditors and Providing all their Requirements.
Responsible for managing all supplier accounts and do Monthly reconciliation
Preparation of cheques on due dates.
Recording of all Invoices with respective Purchase Orders and validate the payment.
Manage Credit Notes with suppliers.
Manage Opening and closing of LC and LG
Prepare Bank Reconciliation Reports.
Support Monthly Financial Closing
Manage Provisions and Prepaid accounts.
Preparation of daily cash/ bank book and keeps records of all related vouchers of receipts and payments.
Reconciliation of cash and bank books.
Preparation and booking of invoices as per contract / purchase order and submission to customer for payment
Booking of purchase invoices from suppliers including service supplier as per the sales order and maintenance and control on payment.
Monthly reconciliation of receivable and payable accounts.
Preparation of payroll and disbursing the payments as per employment contract and allocation of employees cost as per cost center.
Preparation and checking of misc vouchers such as travelling advance, medical advance and project expanses advance etc and later on finalizing their claim as per entitlement.
Participate in developing financial statements.
Participate in auditing financial statements.
Participate in calculating accrual tax fees.
Using the financial analysis during :-
1-The performance of analytical procedures which used in the audit process.
2-The review of Bank's investments, Loans & Facilities.
Auditing monthly expenses and investigating areas of deviation.
Participate in auditing Financial Statements.
Translating Financial Statements & other documents into English.
Certified Management Accountant from IMA
I get the BSC of commerce from mansoura university by a final grade of 62.18% major in accounting