Accounting Manager
ESLSCA
Total years of experience :17 years, 0 Months
• Responsible for enhancing senior management visibility by providing regular financial position reports, assuming control on internal financial processes, and continuously taking initiatives in projects improving the accounting function’s operations and reporting.
• Oversees and manages on day-to-day the general accounting functions, including, but not limited to accounts payable, accounts receivable, general ledger, and taxes.
• Develops staff by managing performance, setting goals, providing ongoing training, and maintaining strong employee relationships.
• Reviews the company's financial statements to ensure their accuracy & completeness.
• Recommends changes in policies and/or procedures contributing to the improvement of the overall financial function performance.
• Avoids receiving and audit or management letters and handles any related points in case of such incident.
• Ensures compliance to all financial policies, processes, and SOPs.
• Provides suggestions for improvements in financial processes & procedures.
• Explores and leads potential cost saving initiatives.
• Prepares monthly closing reports for senior management, including P&L, balance sheet, and cash flow statements post the end of every month and quarter.
• Provides accurate on-demand financial reports as per management’s request.
• Leads the ERP implementation process, starting from handling all necessary preparations to coordinating different activities with various stakeholders on that front.
• Acts as the main focal point of the Finance ERP post-go-live phase.
• Utilizes any updated or newly introduced technologies other than ERP for enhancing the Finance function.
• Held accountability for all company expense audit controls, processes, and systems functions.
• Initiated the accounting requirements for the department, followed up on payments and suppliers’ satisfaction and implemented company policies to meet all requirements.
• Supervise preparation and closing of general ledger accounts & the sub-ledger.
• Responsible for producing monthly trial balance, balance sheet, income statement & Cash flow statement.
• Ensure the Integrity of the General Accounts and Purchase Ledger.
• Follow up on payments to suppliers, employees, and distribution expenses.
• Work with the line Managers leads to ensure that all companies' actions are up to IFRS and Us GAAPl standards.
• Apply Sox Audit tools to ensure that all company expenses match with the company policies.
• Managed the Tax submission and review.
• Managed the Company Payroll &benefits.
• Held accountability for all company expense audit controls, processes and systems functions.
• Allowed deeper understanding into the strategic side of the business and gained experience in financial statements, interim closings, cost allocation, treasury, Taxes, contracts and suppliers' payments management, reporting department accruals with allocation as well as other reporting functions.
• Initiated the accounting requirements for the department, followed up on payments and suppliers’ satisfactory and implemented company policies to meet all requirements.
• Supervise preparation and closing of general ledger accounts & the sub-ledger
• Responsible to produce monthly trial balance, balance sheet, income statement & Cash flow statement.
• Ensure the Integrity of the General Accounts and Purchase Ledger.
• Follow up on payments to suppliers, employees and distribution expenses.
• Work with the line Managers leads to ensure that all companies' actions are up to Aujan Coca-Cola quality control standards.
• Liaison with Zone Controllers in Dubai for policies compliance.
• Attend monthly performance review calls with regional team, as well as conference calls to discuss accounting & reporting related issues.
• Pro-actively prepare audit needed documentation to facilitate discussion with auditors when needed.
• Held accountability for all company expense audit controls, processes and systems functions.
• Allowed deeper understanding into the strategic side of the business and gained experience in financial statements, interim closings, cost allocation, treasury, contracts and suppliers' payments management, reporting department accruals with allocation as well as other reporting functions.
• Initiated the accounting requirements for the department, followed up on payments and suppliers’ satisfactory and implemented company policies to meet all requirements.
• Supervise preparation and closing of general ledger accounts & the sub-ledger
• Responsible to produce monthly trial balance, balance sheet, income statement & Cash flow statement.
• Ensure the Integrity of the General Accounts and Purchase Ledger.
• Follow up on payments to suppliers, employees and distribution expenses
• Develop financial reports (Monthly - Quarterly - Annual) for closing results, accompanied by business analysis and commentary to management.
• Group reporting consolidation for all required financial and non-financial KPIs
• Communicate & apply group requirements & standards to the business.
• Asset management controller, keeping track record of asset movements, ensuring proper booking in place and follow up with business owners.
• CAPEX planning, including preparing and submitting CAPEX templates to group.
• Review and control monthly CAPEX spend vs. budget and report deviation from plans, reconciling asset register vs. booked assets.
• Analyze monthly depreciation, justifying gap to budget if any.
• OPEX budget controller, tracking actual spends vs. budget.
• Cost efficiency champion, continuously working with business owners to achieve efficient operations and deliver cost savings.
• Report monthly to departments’ heads actual spending vs. budget, with actions needed to adhere to plans, and last month actions progress report.
• Liaison with Zone Controllers in Dubai and France teams for policies compliance.
• Work with the line Managers leads to ensure that all companies' actions are up to Nestle quality control standards, IFRS and Nestle Worldwide process compliance.
• Attend monthly performance review calls with regional team, as well as conference calls to discuss accounting & reporting related issues.
• Pro-actively prepare audit needed documentation to facilitate discussion with auditors when needed.
• Marketing advertising budget controller, preparing monthly reports required for tracking spends and compares it to budget.
• Goods in transit (GIT) controller, managing spare parts and fixed assets movements, including following up on PO issuance, invoice issuance, receiving advises & payments. Reflecting accurate costing on books.
• Managed Factory & production related expenses (COGS), including reviewing supplier’s invoices, applying group purchase policy & payment preparation.
• Inter-company accounting, including reconciling, analyzing and paying transactions with the Affiliates.
• Prepare monthly detailed commentary on the financial statements.
• Supervising junior accountants.
• Provided accounts overview and performed needed adjustments and continuous contracts supervision
• Managed cost allocation functionally to facilitate proper reporting
• Prepared accrued expenses for all departments, factory and pending projects based on POC (percentage of completion) theory
• Conducted general expenses reconciliations - OGE, MGE, FDC and VDC
• Applied Trial Balances and P&L inquiries
• Handled overseas & domestic travel expenses.
• Recorded, reconciled, analyzed and settled employees Advances.
• Conducted local& foreign banks reconciliation.
• Conducted local & foreign supplier reconciliation.
• Conducted fixed assets bar-coding tags project. \{Best practice requirement\}
• Communicated to payroll department deductions from employees.
• Handled Royalties paid to government& affiliates.
CMA candidate