Finance Manager
Al Hokair Group
مجموع سنوات الخبرة :11 years, 4 أشهر
PRIMARY FUNCTIONS AND ESSENTIAL RESPONSIBILITIES
1- Accounting operation Duties:
- Manages and maintains the chart of accounts.
- Reviews monthly reconciliations of bank accounts, accounts receivable, accounts payable, fixed assets, accrued expenses, and other general ledger accounts.
- Ensures an accurate and timely monthly, quarterly and year-end close including Preparing and reviewing Month-end Journal Entries. - Responsible for all accounting functions including maintenance of general ledger, accounts payable, accounts receivable, and project accounting; ensures accuracy and timeliness
- Monitor AR & AP Accounts include regular aging reports to Management.
- Review all VAT transactions and submit VAT returns to GAZT.
- Implements existing accounting policies and procedures, recommends new ones as
deemed necessary to ensure correct financial transaction recorded in a timely manner.
- Review all documents (invoices and requisitions, Purchase order, Supplier Reconciliation) for satisfactory payment approval.
- Organizing, and monitoring the records of suppliers and payments and registering in accounting system.
2- Budget, Reporting and Financial Planning & Analysis:
- Member of the Budget Team To maintain the Budget and proceed it before Year End and Review the monthly actual Transaction and do Comparison with budget.
- Review the Monthly Trail Balance to Prepare the financial Statement (P&L, Balance sheet, Cash Flow.) and provide to the Management (monthly, Quarter, Yearly
- Review the P&L Accounts and Compared with
Budget, with last year to be able to evaluate the Company Performance
Prepare financial statements and analyze sales revenues & costs expenses for all business. Develop detailed spreadsheets to identify trends. Create and deliver presentations, providing recommendations on short. Develop comprehensive reports, abstracts and charts to present data. Performed ad-hoc analysis and reporting.
▪ Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information. ▪ Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies. ▪ Handling petty cash according to company policies and procedure.
▪ Implements existing accounting policies and procedures, recommends new ones as deemed necessary to ensure correct financial transaction recorded in a timely manner. ▪ Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries. ▪ Review, research, and reconcile monthly vendor statements, including taking appropriate follow-up action to resolve all outstanding items ▪ Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions. ▪ Review invoices and requisitions for satisfactory payment approval ▪ Recording cost information for use in controlling expenditures and for inventory control.
▪ Aging Payables for CFO.
▪ Monthly, Quarterly and Annual accounting cycles closing.
▪ Accounts reconciliation and reporting.
▪ Prepare & Summarize Bank Reconciliation. ▪ Prepare & Summarize invoices for payment from PO to Non-PO process. ▪ Review all purchase orders and invoices for Payment Process. ▪ Prioritize invoices according to cash discount potential and payment terms ▪ Posts Supplier payments by recording cash, cheque, and credit card transactions. ▪ Clarify any questionable invoice items, prices or receiving signatures. ▪ Review all invoices for appropriate documentation and approval prior to payment
Member of the budget committee which prepares The Budget Manual, Budget Planning Calendar, and Distribution channels.
• Member of the budget committee which Prepares the Master Budget Steps " Analyzing Internal & External Environment, Strategic Budget, Short and Long-Term Plans "
• Prepare the CAPEX Budget and the forecasted related OPEX "Depreciation expenses".
• Prepare the HO Overheads forecasts, Other Income forecasts.
• Preparing the annual comprehensive budget "Operational Budget, Capital Budget, Cash flow Budget, and Cash collection budget to reach to a Performa BS, IS & Cash Flow" after extensive communications with all stakeholders.
• Review the Trial Balances and ensure that all the monthly transactions have been posted to GL, and reviewing the related drill downs& sub-ledger reports with the TB.
• Compare the Actual Results with the Budgeted figures and analyze the variances, following up on the corrective actions for those variances.
• Using the Oracle OBIEE-Business intelligence tool for creating the Internal and External Reports as well as the monthly analysis.
• Manage the Manufacturing costing and using the standard costing, be able to deal with all issues related to the costing of produce.
• Develop the required internal controls related to inventory transactions like margin calculation, stock loss, physical count and inventory reconciliation
• Review & Post all Transactions to the General Ledger.
• Review & Update the Account Analysis of TB Balances.
• Assisting in changing the Integrated System from SAP to Oracle Integrated System ERP.
• Creating the new Chart of Accounts in the Company.
• Monthly Closing Procedures, AP, AR and GL .
• Review All AR Transaction before posting to GL.
• Review AP Transactions” Validate all Invoices, ensure that all transactions are properly distributed”
• Review AR Transactions along with the related Accounts” unearned Revenue, Accrued Revenue & doubtful debts “
