Finance Manager
Language & Listening Stimulation Medical Center
Total years of experience :12 years, 1 Months
• Providing finance leadership and support to the business Through Implementing a Full Reporting and analysis financial system for the Company, Internal Controlling and Developing simplified standard reporting, to drive alignment, improving decision making and avoid duplication.
• Designing a full Integrated system regarding Measuring the Company's performance through 4aspects \[Customer-Financial-Internal Business Process- and Learning & Knowledge.
• Value Adding to the company's work force with a training and coaching solutions Monthly wisein:
i- Management wise \[Strategy and Planning -Balanced Score Card-Key performance Indicators.(KPIs)-Projects Management\].
• ii- Soft skills Wise: Results Orientation, Time Management, customer relationship management, , etc.\] .
• Maintain an effective and sound system of internal control in all transaction processing, and designing SOPs \[standard operating procedures\] structure.
• Designing and lead the management of a successful order to cash cycle that is in line with the company policies and in particular in full compliance to revenue recognition principles.
• Monitoring finance, Budget and accounting operations and ensure month end, quarter-end and year end books of accounts closing processes are conducted smoothly and financial statements generated on time.
• Responsibility for optimum level of DSO measures through effective monitoring of receivables (credit policy), distribution contracts, credit terms, trading instruments (LC’setc) and follow-up of overdue debt.
• Managing all relations with banks to obtain financial facilities.
• Maximize level of cash generated from business through reduction in working capital (reduction of inventory and receivables, and increase in payables) at the same time operating arrangements that support overall business and sales objectives.
• Designing - & mange the implementation process- of financial information system elements:(chart of account / documentary group and documents cycles / records group /reporting cycle/ system outputs/internal control rules / accounting policy and procedures)
• Lead the development of standard cost and all monthly costing activity.
• Developing the customer’ policies and procedures system (trade conditions and agreements systems).
• Reporting the budget vs. actual performance comparison on monthly basis, along with the important clarifications and the recommended actions.
• Managing all insurance operations (Property / Marine / Car & Vehicles/Medicals and Claims)
• Assist and lend full cooperation to external auditors in the performance of their tasks and keep abreast of any new requirements.
• Preparing the financial statements .
• Creating and keeping the team fully motivated, committed & focused towards goals of the company.
• Preparation and timely submission of monthly in house reports.
• Update customers profile & contact management system with all customer demands & inquires. also communicate with the other departments to resolve customers & sales problems when needed.
• Promotion analysis, sales discount analysis and monitoring aging for accounts receivables
• Ensuring maintaining of Fixed Assets of the company.
• Reestablish the cost system and Overhead expense analysis.
• Acting as a custodian for the assets of the company on behalf of HO and reporting any abnormal activity.
• Responsible for monthly VAT return.
• Ensure efficient running of the accounting and information department.
• Implementing fixed assets tagging project.
• Preparing ZAKAT requirements.
Achievement
• Set up value added tax system.
• Performing monthly and annually checks on general ledgers to ensure accuracy of the accounting records.
• Performing monthly and yearly closing transactions in the accounting SAP program.
• Ensured that all transactions are correctly reflected in the ledger.
• Preparing the daily cash position, analyze cash resources that helping the decision maker and managing banks facility.
• Responsible for monthly review and approval of journal entries and account reconciliation on a timely basis and applying all required controls.
• Reviewing product and G&A claims throw Vistex Program.
• Preparing confirmation loans report between our box and the banks statement and follow up the outstanding.
• Reviewing letter of grantees and the monthly adjustments for the releasing letters.
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Achievement
•Good performance.
•Promoted to financial controller.
• Develop and maintain accurate product costs.
• Ensure rates are appropriate and are kept updated with changes in the business
• Coordinate proper cost absorption in inventory valuation.
• Assist Sales team and pricing analyst with proposals for new products and business.
• Participation in designing standard costing rates.
• Communicate variances and cost explanations to Management Team.
• Helping the cost accountant supervisor in preparing the internal costing reports.
• Helping the cost accountant supervisor in Coordinating and conducting investigations in variances and develops possible solutions.