Group Finance Manager
Limevest
Total des années d'expérience :18 years, 6 Mois
Job responsibilities
1. Reporting
-Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
- Manage the perpetration of the monthly & annually financial statements & related disclosures.
- Dealing with auditors to ensure appropriate monitoring of company finances is maintained.
-Reviewing regular reports and analysis for different stakeholders
-Presenting monthly performance presentations to the top management to support in the decisionmaking process.
- Responsible for monthly closing procedures & accruals creation.
-Reviewing monthly exhibits & accounts analysis (accounts payable, accruals, related party transactions, & prepaid expenses...etc.).
- Handling closing reports reporting package.
- Reviewing Bank reconciliations monthly & monitoring banking accounts.
- Maintaining fixed assets ledger& tracing projects under construction account.
- Reviewing Ad-Hocks required by management.
2. Planning & budgeting
- Advise on investment activities and provide strategies that the company should take
-Manage the preparation of the company’s AOP & QBR (CAPEX & OPEX).
- Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
-Responsible for Preparing Feasibility Studies for new project and evaluate investment proposals.
-Maintain the financial health of the organization.
- Calculate Return on capital employed every month
3. Costing
- Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
- Reviewing allocation of shipments' overheads on shipped items for pricing & costing purposes
-Develop trends and projections for the firm’s finances.
-Conduct reviews and evaluations for cost-reduction opportunities.
4. Payable
- Review all AP documents & accounting documents before and after the booking (Cost center & GL)
- Approving payments & releasing purchase requests.
- Reviewing shipment documents & transferring payments to vendors.
- Check for all vendors (open items) not only balances to make sure that there is no debt balances in vendors accounts
- Make sure of the accurate booking for vendor advances (special GLs)
- Proceed GR_IR recluses and GIT adjustment before month-end closing
- Review and ensure all service entries sheet is booked in the System
- Follow up Advances for employees and supplier till it's settled
- Handling VAT tax return on a monthly basis along with all required reporting till inspection
5. Accounts Receivables
- Handing Account Receivable Cycle
- Ensures timely & accurate booking for Payment of Customers.
- Reviewing on spot Clearing of Payment Reviewing customer agreements
- Coordinate with Credit Team regarding evaluation of credit limits
- Monitor Customer accounts statements Monitor Aging Reports.
6. Others
- Develops, implements and maintains systems, procedures and policies, including accounts payable & accounts receivable functions to ensure adherence to company guidelines.
- Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
- Providing trainings, guidance and consultations to subordinates, and resolving work problems and conflicts.
- Determining areas of vulnerability & sum assured & reviewing booking indemnifications from insurers.
- Interacting with Data Warehouse, Commercial, & Accounting teams to design & develop reports.
Reporting
• Manage the perpetration of the monthly & annually financial statements & related disclosures.
• Dealing with auditors to ensure appropriate monitoring of company finances is maintained.
• Reviewing regular reports and analysis for different stakeholders
• Presenting monthly performance presentations to the top management to support in the decision-
making process.
• Responsible for monthly closing procedures & accruals creation.
• Reviewing monthly exhibits & accounts analysis (accounts payable, accruals, related party
transactions, & prepaid expenses...etc.)
Handling closing reports reporting package.
• Reviewing Bank reconciliations monthly & monitoring banking accounts.
• Maintaining fixed assets ledger& tracing projects under construction account.
• Reviewing Ad-Hocks required by management.
Planning & budgeting
• Advise on investment activities and provide strategies that the company should take
• Correspond with various other departments, discussing company plans and agreeing on future paths
to be taken.
• Responsible for Preparing Feasibility Studies for new project and evaluate investment proposals.
Costing
• Manage day to day operations of the existing cost accounting function from management of current
rates to monthly close and analysis.
• Provide profitability report by segment & every product.
• Develop new, robust processes to drive productivity in the cost accounting function
• Perform the monthly closing activities including preparation of the cost to operate statement along
with supporting analysis
• Prepare ad hoc reporting and analyses and assist team with research on cost accounting questions and
assist with special projects as requested.
• Prepare estimates of costs for all products in order to establish prices of products and to forecast
production
• Proactive analysis of variances and communication of issues and opportunities to operations
management
• Develop metrics and tracking system for major cost drivers
• Define policies and procedures for all cost accounting activities
Run the monthly cost forecasts and ensure all targets are met within the stipulated time
• Ensure that there is accurate recording of expenditure in the appropriate journals and ledgers
• Ensure the arrangement of cost of production to material costs, wages, and overhead costs
• Consolidate cost of manufacturing for payroll and distribution of inventory accounts.
Payable
• Review all AP documents & accounting documents before and after the booking
• Approving payments & releasing purchase requests.
• Reviewing all documents & payments to vendors.
• Check for all vendors (open items) not only balances to make sure that there is no debt balances in
vendors accounts
• Make sure of the accurate booking for vendor advances (special GLs)
• Follow up Advances for employees and supplier till it's settled
Others
• Develops, implements and maintains systems, procedures and policies, including accounts payable &
accounts receivable functions to ensure adherence to company guidelines.
• Oversee operations of the finance department, set goals and objectives, and design a framework for
these to be met.
• Providing trainings, guidance and consultations to subordinates, and resolving work problems and
conflicts.
• Determining areas of vulnerability & sum assured & reviewing booking indemnifications from
insurers.
• Interacting with Data Warehouse, Commercial, & Accounting teams to design & develop reports.
-Responsible for Preparing sales, discounts, manufacturing, agricultural, supply chain & administrative budget expenses
-Responsible for Preparing Feasibility Studies for new project and evaluate investment proposals.
-Responsible for Preparing CAPEX budget
-Responsible for Preparing cash flow budget Prepare strategic budget plan and financial statements
-Prepare monthly consolidated statements (Actual Vs. Budget)
-Participate in Profitability, Volume & Revenue & Financial results reports for the board of directors every month
-Review actual/budget performance P&L and analyze variances on monthly basis.
-Controlling & monitoring the operating expenses & Capital expenditure to reduce variances against budget.
-Prepare price build up every month.
-tracking of company’s monthly results and comparison with the budget and quarterly budget updates.
-Forecasting (standard costs) and prepare variance analysis.
-Contributing in the review of the performance of each business quarter by preparing financial and business reports, and updating the financial plan for the next quarter.
-Work with Group IT area to improve the utilization of SAP within the company and to improve the availability of information for Management decision “financial reports, cycles & controls”
-Lead, monitor and develop the skills of the people within the Finance area.
-Establish good working relationship with staff and peers in a professional way.
-Attend internal meetings with staff to discuss the work status and concerns.
Job responsibilities
- Planning the audit engagements for entities of various size and complexity
- Understanding the business, and operating characteristics.
- Understanding the entity’s internal controls and Testing the controls and identifying weakness in accounting and internal control systems to determine the scope of the audit
- Assessing control risk for various accounts.
- Making appropriate decisions about the nature, timing, and the extent of the procedures that support the expected level of assurance.
- Preparing the work program for steps to be performed in the interim and the final phases.
- Perform statutory audit of financial statements.
- Performing Analytical Procedures and substantive tests. Review actual/budget performance and analyze variances.
- Ensure compliance with company policies and procedures
- Preparing management letters and follows up meetings with clients of findings corrective actions. - Assist in the preparation of external reporting packages.
- Preparing work papers of the relevant data to support analysis and conclusions to demonstrate that sufficient evidence was obtained to provide a reasonable basis for the conclusion that is expresses the opinion on the financial statements.
• Preparation of company budgets and financial plans.
• Lead the Business analysis of the Revenues VS Costs
• Analyze P&L on monthly basis
• Review Cost Report each month reporting to the business leaders.
• Ensure compliance with company policies and procedures
• Handling the required deadline (Audit, Income tax)
• Handling the account reconciliations for medium and high-risk accounts.
• Participate on the workflows and preparing the GRIR report and the accruals for undelivered invoices for the goods.
• Participate in the monthly closing process and review the transactions
• Participate in preparing the financial statement
MAC - (Modern Accounting Professional Certificate)
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