Finance Manager
Sawaeed Employment S/O Sawaeed Holdings PJSC
Total des années d'expérience :15 years, 3 Mois
Prepare and present Monthly, Quarterly, and Annual reports for top management in accordance with IAS/IFRS and national GAAP
• Supervising all the accounting functions for all group companies
• Supervising the Fund Management and recommending fixed deposits with different banks
• Handle complex transactions related to IFRS 16 and IFRS 9 - LEASE and Investment in Shares
• Prepare the costing of all new Tenders based on client requirement, project budgeting
• Supervise team of seven associates.
• Cash flow management, need to make sure sufficient funds are available to process the operational activities
• Co-ordinate with collections department to monitor the receipts and plan the cash flow accordingly
• Authorize and approve transactions in a system after the review
• Prepare Monthly Profit & Loss statement as per each project-Compare with Budgeted Profits of each project
• Managing Financials in an Accounting application RIGHT ERP
• Monitor complete procedure of month end closing of all group companies
• Assist Auditor during annual and quarterly audit - BIG4 Deloitte
• Improve Costing of project for new tenders, make the rates more competitive
• Successfully won new Tenders with worth of over AED70M
• Point of contact of consultants regarding implementation of new ERP
• Draft and Design new Chart of Account based on reporting requirements for new ERP
• Closely monitor the budget of all departments regarding disbursements of payments
• Review and approve the new client additions based on costing and rates offered by sales
• Submit monthly and Quarterly sales performance report, compare budget with actual
• Designed a mechanism for Accounts receivable to cross check the invoice submissions based on payments
• Review employee benefits on monthly basis to make sure provisions are updated
• Manage and review Fixed asset register in books
• Point of contact in Finance for all departments
• Review the Aging reports and co-ordinate with collections
• Closely monitor the pricing of each product, find out variance and recommend purchase department to improve in pricing
• Detailed review of monthly variance and discuss with each department manager
• Need to make sure all spending’s are with in annual budget
• Guide and direct the accounting team related to daily work and help in trouble shooting
• Need to make sure all reporting deadlines are meet and reports submitted to CFO for review
• Corporate Letters as and when required
• Maintain Costing sheet of all categories and update regularly based on new requirements as and when required
• Prepare and present Monthly, Quarterly, and Annual reports for top management in accordance with IAS/IFRS and national GAAP
• Supervising all the accounting functions for one of the group company with 120 million turnovers
• Manage the banking facilities of over 20 million to fulfill the working capital requirements
• Communicate with banks and external auditors as a company representative from Finance department
• Prepare Monthly Profit & Loss statement as per each project-Compare with Budgeted Profits of each project
• Assist in preparing the company’s annual budgets and to help business managers track the variances in spending month on month basis
• Overseeing overall finance & accounts functions entailing maintenance of proper accounting system with Focus ERP 9 from Posting till Finalization of Accounts
• Preparing financial statements including statement of Profit or Loss and other comprehensive income, statement of Financial Position, Cash flow and consolidated financial reports.
• Monitoring Accounts Receivables, Payable and Cash Disbursements, and international transactions in accordance with the company policy and internal controls
• Liaison with Banks & Financial Institutions for raising fund & non-fund-based facilities at favorable terms to meet working capital and project requirements
• Planning & budgeting of cash flow on weekly, monthly, Quarterly, and yearly basis
• Monitoring payroll functions for over one thousand employees on monthly basis-Keep a close eye on Cash Flow to make sure Funds are available on Monthly basis to process the Payroll
• Review the current procedures of each department and suggest improvements to make the information flow more efficient
• Ensuring timely and transparent annual audit to give a true and fair view of financial position of the company
• Coordinates with the external auditors and finalize the financial statements prior to obtaining the approval of the top management.
Switch company Financials from TALLY ERP to SAGE ACCPAC 200
• Implement SAGE ACCPAC on five branches of an organization.
• Managing accounting and Financial operations for Financial reporting
• Prepare Financial statements as per relevant accounting standards.
• Oversee executions of Accounts receivable, Payable, Banks and Audit
• Reports directly to managing partner to present Financial analysis, results and develop strategic financial plans.
Budgeting and sales forecasting.
• Deal with Banks, Loans, Trade Facilities and Overdrafts.
• Monthly and Half yearly management accounts and year end closing.
• Accounting application management, trouble shooting, assist team members for the successful running of the accounting application
• Setting up annual targets for the sales team and review it on quarterly basis.
accounting and Financial operations for Financial reporting
• Prepare Financial statements as per relevant accounting standards.
• Oversee executions of Accounts receivable, Payable, Banks and Audit
• Reports directly to managing partner to present Financial analysis, results and
develop strategic financial plans. Budgeting and sales forecasting.
• Deal with Banks, Loans, Trade Facilities and Overdrafts.
• Monthly and Half yearly management accounts and year end closing.
• Accounting application management, trouble shooting, assist team members for
the successful running of the accounting application
• Setting up annual targets for the sales team and review it on quarterly basis.
Lead all Accounting work streams (AR, AP, BANKS, EXPENSES, Fixed Assets, Payroll
Taxes, Corporate Matters)
• Review and Compliance of all Monthly and Quarterly reporting.
• Deal with Auditors and regulatory authorities.
• Participate in Monthly, Quarterly and Annual Meetings for Process improvement
• Monitor regulatory requirements of company with Securities and Exchange
Commission of Pakistan
• Assist external auditors and successfully completed the annual audit
• Build a small group of accounting team which provides accounting services to
overseas clients
• Evaluate and design and implement an internal control system
• Set quarterly, half yearly and Annual revenue targets and find out the variances
• Handle Admin related tasks
• Report directly to Managing Partner
CAT-ACCA (MEMBER)