Finance Manager
Al-Durra Al-Raeda for Catering Services Co.
Total des années d'expérience :35 years, 4 Mois
• Prepare financial statements.
• Produce and monitor internal budget.
• Manage expenses and payments.
• Generate annual budget, month and quarterly forecasts, and financial comparisons and explanations of actual results versus the financial estimates.
• Analyze operating and financial results to identify trends and activities driving those results and make recommendations on potential changes, both operation and financial in nature, to improve performance.
• Manage payrolls.
• Ability to forecast, assess, formulate an opinion and provide recommendation on the financial performance of any given opportunity, or investment with consideration to a complex set of investment variables and sensitivity analyses; investment risk, return, timing, capital strategy, cash flow, market sensitivity, operating expertise, barriers to entry, etc.
• Manage records and receipts.
• Review accounting transactions.
• Coordinate with the head of departments for financial planning.
• Support other departments on financial and accounting matters.
• Liaise with external service providers.
• Perform financial analysis and reporting to management as needed.
• Perform month-end accounting activities such as reconciliations and journal entries.
• Coordinate with finance team to complete assigned accounting tasks within deadlines.
• Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
• Generate financial reports and statements to Managers for review.
• Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
• Respond to accounting inquiries from management.
• Provide guidance to other Accountants when needed.
• Assist in auditing activities by providing necessary information and preparing requested documentations.
• Monitor and record financial transactions according to company policies and regulations.
• Review and recommend changes to existing accounting procedures.
Full responsibility on all warehouses kingdom wide located in Jeddah, Riyadh and Khobar.
Manages a department and major business process within the distribution cycle.
Manages and measure logistics processes including; shipping, warehouse, carrier activity, and damaged products claims identifying exceptional or high cost deviations and making procedural decisions outside the scope of established guidelines.
Manages the strategic distribution network planning, and 3PL contracts/coordination, with a continuous focus on process creativity, customer service improvement, waste reduction, and cost savings innovation.
Manages the direct ship and inbound shipment process.
Establish and formulate real time, focused benchmarks and MBOs/KPIs for each operational aspect of logistics performance.
Interface with the sales and marketing business teams, customer resource management, and assisting with continuous logistics improvement.
Responsible for weekly, monthly, and quarterly KPIs and performance reviews. Conduct a comparative review of all 3PL activity and cost analysis monthly and reports through senior management.
Responsible for transportation management, to include strategic, tactical, and operational management of all transportation activities, both domestic and international, to include hands-on expertise in understanding and management of transportation cost reduction strategies, multi-modal transportation selection, network transportation coordination, and inbound container traffic, railhead and drayage operations, and outbound traffic.
Identifies and implements efficiencies that reduce shipping costs within the supply chain network through the development of load consolidation programs, sailing schedules, continuous moves, lower cost carriers, mode changes, and dedicated fleets.
Creates and executes transportation RFP’s, negotiating rates and selecting carriers.
Manage the load planning process, and freight claims filing. Implement solutions to operational and service issues with carriers and warehouses. Implements program for measuring on-time delivery.
Designs and manages a comprehensive carrier scorecard program, develops customized transportation strategies to increase service levels and reduce costs, and ensures claims are filed and settled within the carriers liability time frame.
Carrier Management: negotiation and performance analysis.
Contract negotiations.
Make presentations to external and internal executives.
Make recommendations for agreements with third party vendors.
Practicing the operational added value role of the finance manager in a manner that positively contributes in controlling the costs and provide management with accurate and timely information through:
• Prepare the annual budget (Business Plan) for the company.
• Prepare the monthly financial business reports and report for variances.
• Manage the cash flow of the company and establish proper control mechanism among cash, ACR, Payables, Inventory and debts.
• Control the overheads for the company to achieve cost reduction targets as set by the budget to eventually ensure that the company is cost effective.
• Analyze product costs, identify variances and report to the Management profitability by product with recommendation on impact of product mix on profitability and breakeven point.
• Manage and supervise the accounting department staff.
• Analyzing all company's financial and revenues quarterly to determine the percentage of achieving the goals. Weekly report of sales, purchasing, expenses and collections for each line of business submitted to the top management and the owners.
• Controlling all Banks, Local & External suppliers’ accounts and reconciliations.
• Supervising the staff in preparing the year-end financial statements & balance sheet, plus all administration responsibilities.
Responsible for all external audit at year-end for all accounts to get the final and adjusted balance sheet. Evaluate and implement external audit recommendations and provide feedback to the management. Supervising a group of 7 auditors in auditing several kinds of activities:
• Radwa Food Production
• American Home Furniture
• Balubaid Trading Co.
• Al-Ezwa Trading Est.
• Saudi Korean Plastic Co.
• Al Afif Trading Est.
• Plus other contracting and trading companies
Applying principles of accounting and prepare all financial reports. Preparing entries to accounts as general ledgers accounts, project transactions. Preparing all relevant reports of inventory and related data. Reviewing developing, analyzing, and modifying specific accounting procedures to ensure efficiency and accuracy, updating a complete set of cost accounting records, preparing and submitting monthly analysis of expenditures, preparing weekly/monthly reports. Auditing all JV’s and controlling documents cycles, files all appropriate tax forms and reports with government agencies. Update records for fixed assets and all other financial documents as necessary. Recommend, design and implement any necessary department controls. Regular reporting of any discrepancies noted in the books of accounts.
Responsible for all external audit at year-end for all accounts to get the final and adjusted balance sheet. Evaluate and implement external audit recommendations and provide feedback to the management.
• Experience managing a large fleet of vehicles • Ability to understand and implement organizational and donor policies • Computer skills: intermediate • Managing resources to optimize results • Planning and delivering results • Experience working in complex and volatile contexts. • Experience and ability to train others and transfer knowledge. • Practical skills in vehicle management / maintenance and driver training. • Planning and delivering results • Empowering and building trust • Managing performance and development