Financial Controller
Wilo Middle East
Total years of experience :15 years, 6 Months
Manage the accounts, budgets and financial activities of the company in order to meet the information needs of management, government and statutory bodies.
Performance of monthly reviews and checks on balance sheet and profit and loss accounts to ensure accuracy and integrity of accounting figures.
Preparation and completion of Month End Management Accounts and Group Accounts according to deadlines provided by the head quarter in Germany (Reporting Pack),
Preparation and coordination of Year End Audit/Accounts to ensure that all relevant Group and Statutory reports are completed according to deadlines provided by the head quarter.
Maintain an awareness of all new or updated Accounting Conventions or practices and ensuring the company management is kept updated as required.
Identify and assess the risks for all areas of the Group and obtain management agreement on Risks and related key controls and control issues
Ensure that ERP-System is being utilized to its full potential and assist in installation of upgrades etc
Focus on the development of long-range financial forecasts and related budgets and perform variance analysis.
Preparing the Monthly/Annual Budget process through preparation of relevant reports both for local management and for reporting to Group.
Preparing the Quarterly/Annual Treasury and Liquidity Plans.
Ensure monthly sales reports are issued to Management as required.
Supervision of administrative staff and reorganizing the various roles to ensure that efficient accounts/administrative duties are undertaken plus conduct interviews with potential employees of the administrative office.
Assist Managing Director in the overall Management of the company.
• Ensuring compliance with Accounting and Control related procedures and policies
• Authorization of all in house AFM sales & credit customers including Government sales:
• Daily invoice summary for credit invoices, monitor daily sales report, monitor all open sales & sales return cases, monitor all outstanding debts & report
• Collecting payment from customers, processing cheques from banks and ensuring correct posting in SAP
• Preparing petty cash reconciliation statements, ensuring there is adequate cash available at the branch
• Providing analysis to Branch Managers on outstanding receivables
• Ensuring company polices are followed with regards to invoicing, handling petty cash and passport requests
• Ensuring refund requests are processed correctly and in accordance with company policy
• Assisting the statutory and internal auditors as and when required
• To liaise with AFSS and provide financial support as and when required
Handling and reviewing 8 outlets out of 22 outlets for Patchi in UAE.
Preparation of monthly operational reports for the sales operation.
Ensuring that company policies and internal control are followed by outlets staff.
Handling Overtime, commissions, and transfers to bank.
Recording and updating fixed assets and prepaid expenses.
Solving the problems related to accounting that face cashiers and branch managers.
Performing Bank Reconciliations and making the required adjusting entries.
Handling the Petty Cash and ensuring that petty cash policies are followed.
Handling and reviewing Gifts done by the Head Office and Branches.
Making the necessary entries and adjusting entries and the required posting to General Ledger.
Preparing sales analysis and comparisons of outlets.
Undertaking periodic reviews on branches to ensure that policies are followed.
Assisting the Chief Accountant in closing process and preparing Income Statement & Balance Sheet.
Reporting to Chief Accountant & Financial Manager.