General Manager Finance
National Company for Business solutions (NCBS)
مجموع سنوات الخبرة :18 years, 1 أشهر
• Management of the Finance department.
• Driving process improvement to increase efficiency and enhance commercial outcomes.
• Develop, implement and maintain budgets and forecasts.
• Provide strategic financial leadership on issues affecting the business units.
• Improve operations efficiencies.
• Provide advice on long term business and financial planning.
• Analyze and present financial reports in an accurate and timely manner.
• Manage organizational cash flow and forecasting.
• Responsible for all financial and accounting functions.
• Drive financial knowledge and collaboration.
• Direct budget and cost controls.
• Financial analysis, accounting practices and reports.
• Produce periodic financial reports.
• Management of external audit.
• Support Finance operations.
• Maintenance of accounting policies and a comprehensive set of controls designed to mitigate risk.
• Enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with the relevant financial reporting standards.
• Maintain a documented system of accounting policies and procedures.
• Deploy locally Global Finance and Accounting Group policies.
• Ensures that the company complies with all audits, accounting and reporting requirements as set by regulatory bodies in KSA.
• Preparation of all corporate tax activities.
• Be responsible for local corporate filings and provide assistance to operations other compliance requirements such as filing payroll taxes and GST.
• Forecast, monitor, allocate and report cash resources with the aim of controlling risks and minimize funding costs.
• Overseeing bank accounts.
• overseeing payroll delivery and ensure accuracy and timeliness of remuneration.
• Overseeing Accounts Payable activities
Preparing guidelines for standard cost approaches and allocation.
Analyzing the cost elements and providing advice on matters involving cost determination and the distribution of overhead.
Providing guidelines on the company's pricing and billing module.
Proposing improvements to the company's system, methods of work and contribute to ensuring that they are continuously adapted to the business requirements.
Reviewing the trial balance and accounting transactions to meet company standard costing and international accounting standards.
Preparing internal financial statements on regular basis.
Analyzing financial statements, using trend analysis and financial ratios, presenting the reports with the variances, and suggesting recommendations.
Preparing financial budgets and forecasts for the company, monitoring the company's spending, analyzing the actual costs and revenues vs. budget, and commenting and reporting on regular basis.
Preparing cash flow forecasts and cash requirements on regular basis.
Preparing the long term business plan for the company.
Assisting in preparing the feasibility studies for new projects.
Preparing the financial policy & procedures for the company and following for the implementation.
Liaising with the financial reporting and consolidation department for Mobily.
A. Controlling
1) Budgeting
Coordinates the budgeting process with the Budget Controller to ensure appropriate control procedures are followed.
Review Expenses Budget base on a yearly Basis to insure its appropriateness.
Coordinates budget preparation in accordance with timelines established by Management.
Provides all training and education needs for all BUs Managers to ensure budgeting processes are followed consistently.
Review Monthly Budget Variance Reports and coordinate with BUs and Regional Managers for Justification .
Provide Management with Monthly Budget Reports including Justification of Variances.
Focus on KPIs, like return on investment, in order to provide recommendations and action plans. Aiming to lead improvements in the performance and effectiveness of the organization, by optimizing the resource allocation and maximizing the profitability & sales growth.
Analyze revenue and expenditure variances relative to the adopted plan and preparing monthly management reports including recommendations.
2) Month, Quarter and Year end Closing of Accounts
Responsible of insuring the Proper Closing of the Accounts .
Follow up with Regional and GCC Offices to insure the timely closing of Accounts.
Analyze Provisions ( Bad Debts, Inventory, etc ) for Appropriateness .
Analyze P&L and insure it is Accurate .
Liaise and Coordinate with the External Auditor all of their requirements.
3) Reporting
Lead the preparation/review of consolidated quarterly financial statements and footnotes (including statements of cash flows, EPS, etc) in accordance with SAGAAP.
Interfacing with the external auditors on accounting issues in support of the company's reporting and disclosure positions.
Monthly Reporting to Management (weekly sales, Classification Sales Report, Slow/Non Moving items..etc)
Ad-hoc reports as requested by Management .
4) Others
Responsible of all of the companies Insurance Policies (review of insurance contracts, selecting the appropriate insurance provider).
insure that all the companies Risks are Covered in our insurance Policies(Property, Money, Public Liability, Workmen's Compensation and Employees Life).
Liaise with the Internal Auditors resolving all of their findings ( Management Letter ) and coordinate with all responsible departments to make sure that these findings are Resolved .
B. Compliance
Responsible of the compliance of the company with the Policies and laws of the Capital Market Authority (CMA) .
Responsible of the Companies Announcements in Capital Market Authority's website (Tadawul) and make sure its compliance with the Capital Market rules.
C. Investors Relations
Prepare all Investors Relations Reports and Presentation .
involved in the Meetings with the investors.
Manages the investor relations portion of the company web site.
D. Zakat & Taxation
Responsible of the Preparation of the Stand Alone FS for Zakat filing Purposes.
Prepare the Zakat file and submit it to External Auditor for filing with DZIT.
Responsible of all the withholding tax calculation and filing .
Responsible of the Income tax filing in both Qatar and Egypt.
Cost Accounting Management
Plan, organize and direct all the activities of the cost accounting function
Lead the Cost Department Team in maintaining the ABC costing system.
Development and maintenance of standard costs .
Proactive analysis of variances and communication of issues and opportunities
Develop metrics and tracking system for major cost drivers
Define policies and procedures for all cost accounting and inventory activities
Coordinate with IT department on system issues, maintenance and developments to improve the cost accounting function and timeliness of reporting
Drive financial analysis and reporting for capital expenditures including analysis of ROIs.
Working with the business, participate in on-going cycle counts, ensuring accuracy of inventory counts, analyzing results, book-to-physical reconciliations, investigating variances, and resolving issues .
Review and approve general ledger accounts assigned to cost accounting.
Oversee budget and forecasting relating to cost accounting.
Budgeting and Performance Management
Manage the financial planning and the actual reporting: annual budget, latest estimates & annual business plan, and controlling processes .
Acting as a business partner for financial and performance assessments of actual results and provide accurate and meaningful comments on performance and gaps.
Focus on KPIs, like return on investment, in order to provide recommendations and action plans. Aiming to lead improvements in the performance and effectiveness of the organization, by optimizing the resource allocation and maximizing the profitability & sales growth.
Oversee all budgeting activities in accordance with the principles and procedures of the group’s finance, budgeting, and budget control. under the supervision of the Finance Manager.
Develop and maintain budget & control process including budgeting, forecasting process and reporting.
Manage any financial analysis projects.
Create, analyzing and ensuring accuracy of monthly, quarterly and annual reports.
Provide an accurate evaluation and analysis of current results, opportunities and risks.
Analyze revenue and expenditure variances relative to the adopted plan and preparing monthly management reports including recommendations.
Implement controls, processes, and procedures to enhance efficiency.
Providing sales analysis, reporting and forecasting support to the Managers of the different Segments.
Ensure best accounting practice is adopted and adhered to Approve key functions within the team .
Assist, as required, the Finance Manager in all finance and management related issues.
Facilitate and complete monthly close procedures .
Prepare financial statements and supporting schedules according to monthly close schedule.
Analyze revenues and expenses to ensure they are recorded appropriately on a monthly basis.
Prepare monthly account reconciliations.
Assist with analyzing financial statements on a monthly basis and report on variances.
Ensure all receivable (collections) targets are met .
Ensure the adherence of all established policies and procedures set for the department .
Manage and ensure document preparation with external auditors.
Monitor and support taxation issues.
Analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues.
Analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems.
i was working as an translator and coordinating the shipment of wood and timber to our company, dealing with the necessary importing and exporting papers like letter of credit, bill of laden and the clearance of our imports from customs.
- control the function of payment of cash against the required documents.
-Managing the receipt of check and preparing daily balance of cash and checks held.
Certified Management Accountant CMA from the IMA institute of Management Accountants.
Accounting 1: A Accounting 2: A Accounting 3: A Costing 1: A Costing 2: A
Grade 2081.5 from 2550 general level : Very Good
Accumulated General Grade : Good