Head of Finance
APM Terminals
Total years of experience :17 years, 0 Months
aqaba
Ensure that all reporting deadlines are adhered to
Ensure timely submission of professional financial reports (BS, P&L &CF,
QBR, RQF, TCO, NWC)
Prepare and recommend rolling forecast as request by APMT.
Responsible for Audit Questionnaire for all reporting related matters.
Produce monthly management accounts with detailed variance analysis to
assist effective management decision making, and suggest improvements,
enhancements to reporting to reach mature, industry related, reporting
standards.
Assists in the preparation of the annual budget, quarterly review reporting and
providing input for strategy development.
Interacts with banks and prepares the Funds Flow Reports; analyzes and
recommend the need of transfers to eliminate the possibility of idle funds.
Prepares Funds Utilization and forecast after taking into account the present
bank balances, expected receipts and projected payments.
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Ensure proper review of all general ledger accounts, accounts payable
transactions ensuring accuracy of coding, data entry, and accurate payment of
invoices.
Review monthly bank reconciliation for all receivable / payable / cash; verifies
accuracy of bank statements and resolve questions or problems; maintains
integrity of cash balances and cash flow systems.
Provides supervision and direction for subordinates including the following:
1.When openings occur in the department, interviews and recommends
qualified candidates for staffing requirements.
2.Provides direction and instruction to subordinate staff, providing regular
feedback and regular appraisals.
3.Counsels subordinates, up to and including discipline or termination
recommendations.
The impact of this position will primarily be to ensure proper funds
management by the terminal leading to improvements in the overall financial
performance
Constantly find means for better funds management for the terminal. Identifies
and solves problems and issues on a daily basis, usually of a routine or
moderately complex nature.
The most significant task of the finance director is to manage financial
resources and conduct resource planning for future needs.
• Finance director has to also work upon tasks such as
Providing and interpreting financial information.
• Monitoring and interpreting cash flows and predicting future trends.
• Analyzing change and advising accordingly.
• Formulating strategic and long-term business plans.
• Researching and reporting on factors influencing business performance.
• Analyzing competitors and market trends.
• Developing financial management mechanisms that minimize financial risk.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Managing a company's financial accounting, monitoring and reporting
systems.
• Liaising with auditors to ensure annual monitoring is carried out.
• Developing external relationships with appropriate contacts e.g. auditors,
solicitors, bankers and statutory organizations such as the Inland Revenue.
• Producing accurate financial reports to specific deadlines.
• Managing budgets.
• Arranging new sources of finance for a company's debt facilities.
• Supervising staff.
• Keeping abreast of changes in financial regulations and legislation.
• Maintains the data integrity and company financial data structure
and maintaining good relation with banks arranging periodic
meeting with management.
•Preparing daily bank position that summarized all our position with banks and
give a net position to each bank.
•Supervise the daily cash count ensuring that all cash and checks were deposit
next working day. In addition to performing surprise cash counts in cooperation
with accounts.
•Monitoring cash balances on deposit at financial institution.
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•Arrange with bank to collect banks statements on weekly basis. Forwarding
that statement to accounts in order to reconcile with records.
•Borrowing funds on short - term basis when needed.
•Follow up on the settlement of our dues ensuring dues ensuring are settled
on time and the fund is available in order to minimize our costs. This should be
done in coordination with Credit & collection Officer.
•Update accounts for any changes in interest rates, commission rates,
and margin on our bank facilities. Updating accounts division with any new
commitments agreements collaterals restricted money or any other issue that
would affect disclosures to the financial statements.
•Follow up on foreign Exchange rates and LIBOR maturity on daily basis.
Monitoring those rates and takes necessary action or deals to minimize or
costs e.g. .hedging.
•Coordinate with different departments e.g. Purchasing Department to plan
their needs in order to provide adequate fund upon need.
•Will be responsible for the preparation of the LCs and settlement of both LCs
in addition to incoming bills of collection.
•Arranging with preparing documents officer to present export documents to
the bank, which we used to supply its purchases.
•Following up on issuance and cancellation of banks guaranties.
•Prepare reports for top managements regarding to market expectation
(foreign currencies exchanges).
•Researching and reconciling exception items.
•Collecting, concentrating and cash disbursing cash.
• Cash flow forecasting
courses: AMERICANCERTIFICATION CENTER Certification/CERTIFIED TREASURY PROFESSIONAL ( CTP )
courses: The Arab Academy for banking and financial sciences
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