Finance Manager
Al Jabr Holding
مجموع سنوات الخبرة :15 years, 8 أشهر
SPM is the parent company of Saudi Paper Group, Operating System SAP S/4HANA
Duties & Responsibilities
Financial Reporting & Analysis
• Reporting to the Group Chief Financial Officer.
• Preparing financial statements monthly.
• Performing and submitting financial statements analysis to CFO.
• Participating in the preparation of the quarterly consolidated financial statements for the group.
• Analyze monthly company expenditures and costs to discover any gap in the operating cycle.
Budgeting & Costing
• Participating in budgeting process and re-revise budget if any.
• Preparing monthly budget variances for sales, production, and procurement.
• Pursuing any variances to find out the causes to be tackled.
• Review in depth monthly direct material, labor and overhead rates and cost drivers with cost department.
• Monitor monthly cost run cycle.
• Scrutinize monthly production variance (actual cost Vs predetermined rates on SAP) and handle over or under applied overhead.
• Observe the allocation of cost centers.
• Overseeing periodic inventory process (Finished Goods, Raw Material and Spare parts) and address stock adjustment if any.
Accounting & Control Activities
• Review and post GL entries.
• Review and follow in depth all provisions and accruals.
• Direct the entire monthly closing process, approving banking transactions and payment vouchers.
• Review monthly bank reconciliation, LCs, CAD, loan book and finance charges.
• Lead the creation and submission of Zakat/ VAT / Withholding Tax (WHT) and fulfill ZAKAT requirements in a timely manner.
• Review the aging of accounts receivable and perform the Expected Credit Loss ECL according to IFRS 9.
• Review capital lease model in accordance with IFRS 16.
• Oversea closely advances to suppliers and follow up with procurement Dep. to finalize old advances.
• Review old open POs to push procurement Dep. to close them.
• Review GRN movement to monitor vendor invoices recording.
Performance & Compliance
• Ensure consistent compliance with company policies and procedures, and internal control requirements.
• Participating in identifying KPIs for finance departments.
• Take rapid corrective actions and participate in putting effective solutions to top management for any problems facing the company.
• Leading periodic brainstorming meetings with my team to discuss and expect any problems to put preventive actions and generating new ideas.
• Doing my best to create the best atmosphere for my team and any other related employees.
• Communicating effectively with other departments to reach out the best cooperation.
• Supervise and control the general accounting operations, developing effective standards and systems while ensuring strict compliance with IFRS, laws, rules, policies and procedures.
• Monitor the day-to-day accounting process, review and post journal entries.
• Manage cash outflow and inflow and identifying cash inefficiency.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Review periodically our client's' creditworthiness and our suppliers' fulfillment.
• Monitor closely the company's disbursements and accounting cycle.
• Prepare financial statements in compliance with IFRS.
• Prepare the monthly operating analytical reports.
• Analyze changes in the activity's level within the company in general and also for each client, as well as for every truck for every month.
• Submit recommendations related to risk assessment and participating in risk management.
• Prepare and submit monthly VAT report to Zakat & Tax authority and monitoring any deviations between periods.
• Participate in the period end stock, and physical verification program.
• Maintain the company's assets and contributing to maximize capital investments and return on investment.
• Maintain all the records of Asset Acquisition and Disposal and ensure necessary entries are passed.
• Liaise and coordinate with the external auditors for annual financial audit and complete the audit on time, and ensure all recommendations and findings identified by audit are acted upon promptly with necessary action implemented.
• Effectively identify the areas of improvement in ERP system and bring necessary process changes.
• Helping out on the final financial statements with accounting manager.
• Responsible for making a periodic revision and the annual inventory for the stock of oil and grease, spare parts and tires in the general warehouse.
• Overseeing the workshop management performance and submitting a periodic appraisal report for that reason.
• Observing the changes on purchases.
• Responsible for accounts Payable and evaluating our suppliers and making a strong relationship with them.
• Assisting in development and strengthening the foundations of the accounting system within the company.
• Nearly completely responsible for all expenses of the company.
• Overseeing, directing and evaluating the company's treasurers.
• Participating with the accounting manager in the formulation of accounting procedures in accordance with IFRS.
• Auditing the company's safes periodically and addressing any shortcomings and submitting recommendations for any improvements required.
• Occupying the accounting manager role during his absence and carry out all of his functions.
• Preparing Journal entries, manual and computerized.
• Preparing payroll statements.
• Preparing bank reconciliations statements.
• Preparing closing accounts.
• Preparing the trial balance and doing the Adjusting Entries.
• Preparing general tax declaration.
• Participating in the work of the balance sheets of some companies.
CMA Part 1 : Score 82% Financial Reporting, Planning, Performance, and Control 1- External financial reporting decisions 2- Planning, budgeting and forecasting 3- Performance management 4- Cost management 5- Internal controls 6- Technology and Analytics CMA part 2 : Score 86% Financial Decision Making 1- Financial statement analysis 2- Corporate finance 3- Decision analysis 4- Risk management 5- Investment decisions 6- Professional ethics Credential ID: 96040 Credential URL https://www.credly.com/badges/a6d9f8fe-c7cb-47cc-aff3-18651c847ea0?source=linked_in_profile
International Computer Driving Licence
General Grade: good
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