Regional Finance Manager
Gissah Company For Perfume
Total years of experience :12 years, 7 Months
Cultivated strategic alliances with key banking partners, securing favorable financing terms that reduced interest expenses by 13.5% and extended repayment periods, resulting in increased cash flow for operational activities.
Orchestrated the development of annual budgets and quarterly forecasts across 6 regional sites with 100 Stores, enhancing financial transparency and achieving a 20% increase in budget compliance
.
Supervised the budgeting process and identified cost-saving opportunities, resulting in a 15% reduction in Operation Expenses.
Developed and implemented financial policies, procedures, and internal controls to ensure accuracy and integrity of financial information.
Reviewed regional financial statements to ensure compliance with IFRS standards and corporate guidelines and prepared the monthly management report highlighted the key performance indicator's and Variance analysis data to identify trends, areas improvement resulting in a 12.5% increase in profitability.
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 “
