Finance Manager
Al Argan Catering Company(Backyard-C-Club-BBQ BROS-Reyhan-Yum)
Total years of experience :25 years, 4 Months
• Preparing Feasibility Study & B.E.P. (Break Even Point) for Full Project(5-Outlets) in Argan Al Bidaa area.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Developing and managing ERP System.
• Manage and oversee the daily operations of the accounting department including:
• Month and end-Year process.
• Accounts Payable/Receivable
• cash receipts.
• general ledger.
• Treasury, Budgeting.
• Cash forecasting.
• Revenue and Expenditure variance analysis.
• supervising staff.
• Manage and oversee the daily operations of the accounting department including:
• Month and end-Year process.
• Accounts Payable/Receivable
• cash receipts.
• general ledger.
• Treasury, Budgeting.
• Cash forecasting.
• Revenue and Expenditure variance analysis.
• Trust account statement reconciliations.
• Check runs.
• Fixed Asset activity.
• Monitor and analyze accounting data and produce financial reports or statements.
• Establish and enforce proper accounting methods, policies and principles
• Coordinate and complete annual audits
• Prepare monthly and annual reporting on a timely basis
• Prepare and analyze budgets, plans and budget revisions working closely with the operational teams of the company.
• Oversee the balance sheets (margins, stock levels, receivables, payables); analyze and recommend on monthly figures compared to budget and last year;
• Manage the Cashflow, both on a day to day basis and by ensuring that accurate forecasts are made and monitored.
• Monitor the returns on investment for all capital expenditure, in particular in shops and Co-ops
• Work on variance analysis & preparing feasibility studies in coordination with Finance Department.
• Microsoft Dynamics AX
• Total management & control of Finance & Accounts from the year Feb-2017.
• Finalization of accounts .
• Preparing monthly Profit & loss account.
• Preparing Yearly Budget & forecasting .
• Preparing monthly & Yearly Cash flow .
• undertaking research into pricing, competitors and factors affecting performance.
• developing and managing financial systems/models.
• supervising staff.
• liaising with managerial staff and other colleagues.
• Maintaining fixed assets ledger.
• Reconciliation Bank & GL Accounts.
• Employee Payable : Authorizing all employee related payments, petty cash payments & submitting monthly deduction list to the payroll dept.
• Supervising the daily sales posting & cash deposit.
• Scrutinizing Customer & Supplier Reconciliation.
• Booking all Bank Transactions.
• Purchase order verification, costing of foreign & local purchases.
• Updating of retail selling prices & bar coding.
• Inventory management, supervising yearly stock taking, item code creation.
• Management of payables & receivables for Foreign and Local vendors & customers.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
• Holding Accounts Receivable Dept.checking daily sales and posting receipts to keep the customers balances up to date.
• Provide insightful information and expectations to Management to aid in long-term and short-term decision making.
• Analyzing competitors and market trends.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Liaising with auditors to ensure annual monitoring is carried out
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations
• Producing accurate financial reports to specific deadlines
• Arranging new sources of finance for a company's debt facilities
• Establish and maintain financial policies and procedures for the company
• Inventory and fixed asset control.
• Review and where appropriate, develop and implement information systems to meet organization’s needs, including: Financial systems, Client contracts’ management system, Human Resources & Payroll Systems.
• Total management & control of Finance & Accounts from the year Mar-2012.
• Finalization of accounts .
• Preparing monthly Profit & loss account.
• Preparing Yearly Budget & forecasting Of New Locations.
• Preparing monthly & Yearly Cash flow
• Preparing B.E.P. (Break Even Point) for New Locations.
• Preparing study to get new facility from banks .
• Maintaining fixed assets ledger
• Reconciliation Bank & GL Accounts.
• Achieved success for opening 30 locations in 4 years (Kuwait-Dubai-Jordan)
• EMPLOYEE PAYABLE : Authorizing all employee related payments, petty cash payments & submitting monthly deduction list to the payroll dept.
• Supervising the daily sales posting & cash deposit.
• Scrutinizing Customer & Supplier Reconciliation.
• Booking all Bank Transactions
• Purchase order verification, costing of foreign & local purchases.
• Updating of retail selling prices & bar coding.
• Inventory management, supervising yearly stock taking, item code creation.
• Management of payable & receivables for Foreign and Local vendors & customers.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
• Managed a K.D (2, 000, 000\] annual budget that grew 42% in 4 years.
• Preparing study for Tender and Bidding.
• Identified and investigated variances (actual vs budget costing recipes )
• Daily Sales Auditing
• Operation Control.
• Handling all co operative account(receivable-reconslation-adjustement)
• Receivable account reconciliation.
• Controlling the Cash Room.
• Scrutinizing all payments.
• Bank Reconciliation.
• Passing all Bank entries.
• Inventory control.
• Retail sales audit.
• Food cost verification
• Preparing all employee related payments
• Helping Asst.Finance Manager in making reports & finalization of account.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Analyzed budgets, financial reports and projections for accurate reporting of financial standing.
• Checking daily sales .
• Holding Accounts Receivable Dept.checking daily sales and posting receipts to keep the customers balances upto date.
• Bank Reconciliation Statement .
• Helped in maintaing Balance sheet in Arabic and English.
• Data Entry for all type of Voucher and new products.
• Checking daily sales .
• Bank Reconciliation Statement .
• Daily General Ledger Reporting.
• Blance Sheet.
• Preparing Trial Balance.
• Data Entry for all type of Voucher.
• Responsible for recording of Health & Beauty products and feminine care departments .
• Ensuring two weeks stock in dept.and making purchase order for short stock..
• Ensuring availability of stock in stores to be 90% .
• Asist the Branch Manager in the daily sales operations.
• Supervise the daily work .
• Preparation of daily sales and petty cash balances.
• Increased the branch sales in my area upto 40%.
• Managed to get customers new areas.
• Solving any customer problems.