Finance Manager
AlKhor Holding
مجموع سنوات الخبرة :20 years, 9 أشهر
Oversee the operations of all accounting functions including A/P, A/R, Treasury, Fixed Assets, Month end
accruals, provisions and follow up all of Legal Compliance.
* Preparation of full budgets & prepares the P&L and balance sheet budget & forecast.
* Responsible for year-end closing & the preparation of the monthly financial statements.
* Prepare monthly, quarterly and year end management financial reports MIS .
* Review balance sheet, P & L account reconciliations.
* Preparation Monthly reporting & consolidation packages.
* Handles monthly -end-closing, financial statement, Revenue recognition with POC & CCM methods
* Respond to all queries related to financial matters with HQ .
* Responsible for distributing financial statements & cost center reports.
* Handling all kind of Provisions, Prepaid Expense, accrual, & prepayments.
* Cash forecasts for the entire project as per the development plan showing surplus or needs.
* Budgetary control over operating expenses and operating capital expenditures.
* Power User for SAP, Oracle Application .
* Review and approve all payment transactions: reimbursements, payments, vouchers, checks .
* Liaise with external government institutions and act as the main contact for internal and external audits.
* Recommend & draft financial and accounting policies and procedures.
* Review and approve journal vouchers.
* Reviews, investigates & corrects errors & inconsistencies in financial entries, documents, and reports.
* Coordinate the accurate & timely payment of suppliers.
* Administer all balance sheet account’s reconciliations.
* Act as the point of contact for queries related to employee and supplier payments.
* Maintain all GL accounts related S&D, Adpro Media /Non Media, ATL/BTL Reco .
* Determines proper handling of financial transactions and approves transactions within designated limits.
* Compiles & analyzes financial information to prepare entries to general ledger accounts, cost centers and
documents business transactions.
* Maintain Inter-company and All branches around Middle East accounts with monthly reconciliations.
Responsible for Accounts Receivable monitoring, accounting and controls .
* Reviews & approve all accounting transactions entered by accountants reporting directly.
* Analyses for AR Reconciliation on weekly, Monthly Basis & Aging for AR Report & Trends.
* Maintain all GL accounts related S&D, Adpro Media /Non Media, ATL/BTL Reco .
* Follow up all Bank Guaranty renewal for all customers & Banks issues.
* Making sure company AR & credit policy is adhered also price structure for Products.
* Maintain all GL accounts related to Accounts Receivables, Accounts Payable, Payroll & Tax .
* Sending Balance confirmation to Customers quarterly and reconciliation preparation.
* Preparing Weekly & Monthly customers balances, Chq Bounced reports, Overdue, Trend for debts.
* Timely release of orders and co-ordination with sales Team and distribution.
* Reviews & ensure the all of activities of the department matching with the approved systems, policies
and procedures, delegation of authorities & contracts.
* Reconcile all the General ledger, Customers Accounts and Bank accounts.
* Update electronic accounting system SAP with all payments at banks during the month.
* Maintain Inter-company and All branches around Middle East accounts with monthly reconciliations.
* Preparing Bank reconciliation statement monthly & Analysis.
* Issue checks or make bank transfer for all due payments.
* Working in the Payment Cycle Cash /Credit & Preparing MIS reports and variance analysis.
* Ensure all Selling, Distribution, Marketing & Advertising expenses are approved with invoice & taxes.
* Ensure all General & Administration expenses vouchers and follow up to preparing checks.
* Preparing cash flow statement and cash forecasts funds to meet the business needs.
* Handling all kind of Provisions, Prepaid Expense, accrual, & prepayments.
* Follow up company Fixed assets register, Depreciation & Responsible for yearly physical verification.
* Prepares financial statements and supporting schedules according to monthly & quarterly close schedule.
* Ensure successful preparation of the Financial statements, MIS and Tax return .
* Provides technical supports to internal & external auditors and governmental Taxation auditors.
* Ensure timeliness and accuracy of Financial & Management Report financial support activities.
* Reviews, investigates, corrects errors & inconsistencies in financial entries, documents, and reports .
* Prepare tax letter for the amount of tax deducted in each payment to be presented in the tax authority
( W/ H tax, sales Tax, salary tax, stamp tax, Added Tax & monthly social insurance)
* Checking & review The employees Payroll, Advances, Deduction & making bank transfer in accounts.
* Power User for SAP Application.
* Member of Implementation Team for EMS System Employee Management System for Staff payroll.
Preparing the voucher (receiving the invoices from suppliers, receiving the addition from warehouse
keepers and receiving the purchase order from purchasing department to follow
amount and quantity with addition and invoice.
* Verify that transactions comply with financial policies and procedures.
* Recording the local supplier adjustment for liabilities and down payments.
* Prepare the monthly AP Trial balance & Prepare necessary adjusting entries.
* Follow up the outgoing payments for vendors and ensure it is paid according to payment terms.
* Analysis "returns to supplier" and try to coordinate with purchasing to deduct from suppliers.
* Follow up all payments & Prepare vendor checks with Treasury department.
* Maintain listing of accounts payable & Preparing Aging report for the vendors.
* Review all shipping documents coming from custom clearance department.
* Very Good User for ORACLE E-Business Module Application.
* Sending balance confirmation to vendors quarterly and reconciliation preparation.
Responsible for Accounts Receivable monitoring, accounting and controls.
* Recording all Receivable Payments, Deductions and Discount for Customers.
* Analyses for Customers Accounts Reconciliation on Monthly Basis.
* Preparing Monthly and quarterly customer balance reports & Trend For debts.
* Responsible for Aging Accounts Receivable & Notes receivable Report.
* Handle cash flow and petty cash ensure that all transactions are recorded clearly.
* Preparing, analyses ledgers accounts for customer & reporting for AR & NR Consolidation.
* Maintain Inter-company and All branch accounts with monthly reconciliations.
* Prepare the monthly AR Trial balance & Prepare necessary adjusting entries and reconciliations.
* Follow-up to the issuance of invoices and receipts in all branches of the company.
* Sending balance confirmation to Customers quarterly and reconciliation preparation.
* Recording affiliates Customers transactions and reports.
* Ensure effective bank reconciliation and Preparing Unapplied Receipts Report and Aging.
* Responsible for Notes receivable Transaction.
* Preparing the Uncollection outstanding invoices reports for each sales sector monthly.
Employee as Accountant at General Accounting
Responsible for timely and accurate manual bookkeeping of the Department and all JV`s .
* Review day to day invoicing, suppliers’ payments, and petty cash management.
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Oversee the operations of all accounting functions including A/P, A/R, Treasury, Fixed
Assets, Month end accruals, provisions and follow up all of Legal Compliance.
* Maintain accurate transaction recording process and GL maintenance.
* Review the reconciliations of payments, verification, bank statements, and transfers.
* Managing cash flow and Forecast reports.
* Responsible for year-end closing & the preparation of the monthly financial statements.
Reporting :
* Process monthly and end year statements and ensure consistent financial reporting.
* Maintain monthly budgets and performance against targets.
* Preparation Monthly reporting, MIS & consolidation packages.
Compliance :
* Ensure compliance with Group internal controls and financial policies, and local reporting and tax
regulations.
* Coordinate and complete annual audits and tax filling in a timely manner.
* Fraud identification and prevention.
Banking :
* Manage banking relationships, cash management solutions.
Team :
* Supervise and oversee the daily operations of the local finance team.
* Monitor the workload and priorities tasks for the team.