Finance Manager
Al Majal Al Aarabi Group (Commercial & Services &Industrial
مجموع سنوات الخبرة :16 years, 7 أشهر
• Responsible for the day to day accounting functions including reconciliation of GL transactions with Accounts Payable, Inventory & Accounts Receivables.
• Reviewing internal control structures, streamlining all operations to ensure accuracy & timeliness for financial reporting and management decision-making of Joint Stock Company.
• Exercising best practices for administering payroll accounts, making prompt and timely payments to suppliers, contractors, work force and financial institutions.
• Classifying accounting expenditures in monthly financial statements, overseeing debtors/creditors accounts and coordinating with other departments for budgeting and forecasting.
• Providing timely books of accounts and preparation of monthly trial balances, presenting tailored financial business planning and budgeting to management in order to facilitate decision-making.
• Assisting in production of monthly management accounts including investigation and explanation of any issues/variances with associated commentary as required.
• Coordinating the testing of improvements and updates to Oracle system for items that affect the GL and fixed assets modules.
• Responsible in developing of business plan for the finance department.
• Responsible in developing the annual budget for the finance department and ensure maintaining the costs and expenditure within the set budget.
• Implement and monitor the finance guidelines, policies and procedures and ensure its implementation across the department.
• Responsible for supervising the sector accountants and provide approvals on their transactions based on Delegated Level of Authority.
• Provide guidance and leadership to all employees to ensure effective and efficient flow of work, and ensure all employees recognize their fundamental role in the section.
• Ensure operations services are successfully and meaningfully being delivered and are supporting the operations of sector.
• Ensuring implementation of corrective and preventive actions as recommended and as agreed in action plan agreed with management.
• Liaising with the external auditors in order that both external and internal audit functions could be carried out efficiently and effectively with minimum duplication of efforts.
• Responsible for supervising the sector accountants and provide approvals on their transactions based on Delegated Level of Authority.
• Review accounting reports (journal-general ledger- B/S + P/L statement).
• Review all projects cash discernments for the sector.
• Ensure the proper tracking, recording and control of fixed assets at sector.
• Maintain adequate audit trails to permit tracking a transaction from beginning to completion to allow for the detection and correction of errors that arise.
• Ensure operations services are successfully and meaningfully being delivered and are supporting the operations of sector.
• Approve the matching of invoices, purchase orders and receiving reports and investigate reasons for mismatches.
• Review Accounts Receivable aging reports and estimate provisions required for long outstanding receivables
• Close periods after approving all journal entries and open the next one and ensure that the periodic account closing activities are done on a timely and accurate basis.
• Responsible for important analysis monthly financial reports.
Preparing financial statement reports and working paper file with referencing to the respected section.
• Preparing financial statements according to international financial reporting standard and KPMG Methodology.
• Identifying opportunities and ideas to provide value to the client.
• Maintaining a professional attitude to client needs, responding on a timely basis to clients' requests.
• Developing and maintaining productive client relationships with client personnel.
• Demonstrating professionalism and competence in the clients' environment.
•Conducted internal audit activities for minimizing the potential loss to the business, and reported to the group financial controller.
•Delivered annual audit plan by performing internal audits using a risk based approach, performed ad hoc reviews and provided advice and guidance to senior management.
•Assisting in the preparation of client deliverables.
Following are major external audit clients’ assignments
1- National Bank of Egypt (Banking Sector
Responsible for the day to day accounting functions including reconciliation of GL transactions with Accounts Payable, Inventory & Accounts Receivables.
•Reviewing internal control structures, streamlining all operations to ensure accuracy & timeliness for financial reporting and management decision-making of Joint Stock Company.
•Exercising best practices for administering payroll accounts, making prompt and timely payments to suppliers, contractors, work force and financial institutions.
•Classifying accounting expenditures in monthly financial statements, overseeing debtors/creditors accounts and coordinating with other departments for budgeting and forecasting.
•Providing timely books of accounts and preparation of monthly trial balances, presenting tailored financial business planning and budgeting to management in order to facilitate decision-making.
•Assisting in production of monthly management accounts including investigation and explanation of any issues/variances with associated commentary as required.
•Coordinating the testing of improvements and updates to Oracle system for items that affect the GL and fixed assets modules.
•Responsible in developing of business plan for the finance department.
•Responsible in developing the annual budget for the finance department and ensure maintaining the costs and expenditure within the set budget.
•Implement and monitor the finance guidelines, policies and procedures and ensure its implementation across the department.
•Responsible for supervising the sector accountants and provide approvals on their transactions based on Delegated Level of Authority.
•Serve as a liaison with external auditors during interim and year-end audits.
•Provide guidance and leadership to all employees to ensure effective and efficient flow of work, and ensure all employees recognize their fundamental role in the section.
•Ensure operations services are successfully and meaningfully being delivered and are supporting the operations of sector.
•Delegate some responsibilities to appropriate subordinates to benefit from smooth running of the department’s operation.
Carry out audit assignments as assigned by the Audit in Charge Complete the assignment allocated within the budgeted time.
•Complete the assignment allocated within the budgeted time Keep track of the time spent on each assignment and bringing any delays to the notice of the Audit in Charge in a timely manner.
•Keep track of the time spent on each assignment and bringing any delays to the notice of the Audit in Charge in a timely manner.
•Perform risk assessments on business processes and evaluate the adequacy of internal controls in place to mitigate those risks.
•Demonstrates an understanding of business processes, risks and controls, including regulatory requirements and related accounting issues, and helping clients implement appropriate processes and systems for governance and control purposes.
•Identifying the opportunities that will add value to client and will enhance the efficiency of the company operations.
•Document the audit program and get it approved by the Audit in charge/ Manager
•Carry out the fieldwork in accordance with the audit program.
•Document findings and observations in the audit file and discussing with manager daily basis.
•Document the findings and discuss the findings with the appropriate client personnel
•Prepare the draft report and handover the project file complete in all respects to the Audit in Charge for review.
•Responsible for review all customers’ operations (buy - sell) for local and DVP report.
•Controller & review all Accounting reports.
•Responsible for Intercompany Branches Reports inside & outside Egypt.
Responsible for whole cash transaction.
•Prepare accounting reports (journal-general ledger- balance statement).
•Analysis bank statement.
•Analysis all expenses (management ex, general ex, marking...ex).
•Prepare & analysis customers account.
•Responsible for whole cash flow.
•Holding all local & foreign payments transfer, as well as checks follow ups.
Analysis cost expenses.
•Responsible for whole internal cash follow.
•Responsible for bank statement reconciliation.
•Prepare & analysis customers account.
•Preparing accounting reports
Responsible for whole internal cash follow.
•Analysis management & marketing expenses.
•Handling, all local & foreign payments transfer, as well As follow ups.