Finance Manager
Dynagraph Kuwait Company
Total years of experience :12 years, 8 Months
Responsibilities:
• Prepare the company’s internal and external financial reports (monthly and yearly) including financial statements, budget variance reports and financial performance reports for management to monitor the company’s financial status.
• Responsible for all finance operations of the company, developing budgets, providing financial analysis, and ensuring compliance with accounting principles and regulations.
• Formulate and implement financial strategies, objectives, policies and procedures with a primary focus on establishing internal controls, ensuring optimal utilization of company resources.
• Develop and maintain financial models, forecasts and budgets. Analyze financial data, trends and performance to provide meaningful insights and recommendations to senior management.
• Develop annual budget, prepare cash flow analysis, accordingly recommend improvements; review company bottlenecks and recommend changes to improve the level of company throughput.
• Provide recommendations to senior management on both short-term and long-term growth plans.
• Identify financial risks and implement appropriate risk mitigation strategies. Consistently ensure compliance with internal controls and financial regulations.
• Prepare estimates of funds required for the short and long-term financial objectives of the company.
• Conduct in-depth financial analysis, including profitability analysis, cost analysis, and revenue trends. Provide insights and recommendations to improve financial performance and operational efficiency.
• Implement and maintain internal control procedures to safeguard company assets and maintain the integrity of financial data. Monitor and ensure adherence to financial laws, regulations, and reporting requirements.
Responsibilities:
• Processed and reviewed day-to-day financial transactions, accounts payable, accounts receivables and vouchers by thoroughly checking and correcting the accounting and other relevant financial records.
• Monitored monthly closure of financials and supervised all closing, adjusting and reversing entries.
• Handled monthly bank reconciliation, accounting reconciliations, adjustments and rectifications; manage accounting and financial consolidation, and present consolidated reports to the senior management.
• Coordinated with department heads to develop annual budgets and monitored budget performance throughout the year. Identified areas of improvement and implement cost-saving measures where necessary.
• Coordinate with external auditors during the annual financial audit. Provide required documentation and support to ensure a smooth audit process.
• Rendered strategic advice to the management team on all financial matters and assisted in making commercially responsible and financially sound decisions.
• Prepared critical financial analyses to determine the present and forecasted financial health of the company; presented potential scenarios and outcomes to the senior management team.
Responsibilities:
• Led and managed the full spectrum of financial accounting functions including month and end-year processes, AP/ AR, GL, budgeting, forecasting, revenue and expenditure variance analysis, debt activity, etc.
• Performed day-to-day financial transactions, including verifying, classifying, computing, posting and recording AR and AP data; gathered and verified invoices for appropriate documentation prior to payment.
• Worked closely with the finance team, restaurant managers, and other departments to maintain accurate financial records and provide critical insights to support strategic decision-making.
• Prepared and maintained the company’s books of accounts, recorded journal entries, posted transactions to the ledger, and entered rectification & adjustment entries.
• Assisted the finance team in monthly/quarterly/annual closing of books of accounts.
• Prepared asset, liability and capital account entries by compiling and analyzing account information.
• Collaborated with restaurant managers and executives to develop annual budgets and financial forecasts. Monitored and analyzed budget variances and provided explanations for any deviations.
• Conducted monthly/quarterly account reconciliations to ensure accurate reporting and ledger maintenance (payables, receivables, banks, intercompany reconciliation) and followed up on the reconciling items.
• Supervised accounts payable and accounts receivable functions. Ensured timely processing of vendor invoices and customer payments, and monitored collections to minimize outstanding receivables.
• Prepared and analyzed financial statements, including P&L statements, income statements, balance sheets, and cash flow statements. Ensured the accuracy, completeness, and timeliness of financial reporting.
Responsibilities:
• Supported all financial and administrative functions of the company; handled accounting tasks, ensuring accurate financial records, and provided administrative support to ensure the smooth operation of the office.
• Worked closely with the finance team, administrative staff and senior management to maintain the integrity of financial data and streamline administrative processes.
• Processed accounts payable and accounts receivable transactions. Prepared and verified invoices, bills, and expense claims for accuracy and completeness.
• Prepared asset, liability and capital account entries by compiling and analyzing account information.
• Reconciled financial statements and bank accounts to ensure accuracy; assisted in month-end and year-end closing activities as well as maintained and updated accounting records and ledgers.
• Handled general office administrative duties, such as managing office supplies, maintaining files, and handling correspondence. Maintained and updated employee records,
• Developed and maintained relationships with vendors and suppliers, ensuring timely payment and resolving any payment-related issues.
• Coordinated office activities and ensured a well-organized and efficient work environment.