Finance and Accounting Manager
Qatar Building Company - State of Qatar
Total years of experience :21 years, 1 Months
Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
Ensure an accurate and timely monthly, quarterly and year end close.
Ensure the timely reporting of all monthly financial information.
Assist the Controller in the daily banking requirements.
Ensure the accurate and timely processing of positive pay transactions.
Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
Supports budget and forecasting activities.
Collaborates with the other finance department managers to support overall department goals and objectives.
Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a
high level of accuracy.
Supervise the general ledger group to ensure all financial reporting deadlines are met.
Support Controller with special projects and workflow process improvements.
Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
Oversee financial department employees, including financial assistants and accountants.
Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
Track the company's financial status and performance to identify areas for potential improvement.
Seek out methods for minimizing financial risk to the company.
Research and analyze financial reports and market trends.
Provide insightful information and expectations to senior executives to aid in long-term and short-term decision
making.
Review financial data and prepare monthly and annual reports.
Present financial reports to board members, stakeholders, executives, and clients in formal meetings.
Stay up to date with technological advances and accounting software to be used for financial purposes.
Establish and maintain financial policies and procedures for the company
Understand and adhere to financial regulations and legislation.
Review of period end balance sheet reconciliations prepared by the business.
Preparation of balance sheet reconciliations for payroll related balance sheet accounts.
Management of daily cash-flow and general banking related matters.
Co-ordination and management of year-end audit, main point of contact for external auditors.
Responsible for the monthly reports transactions Financial Statement, Cash Flow, Income Statement, Balance Sheet.
Responsible for the Progress Billing Invoices monitoring.
Further, the finance manager engages in financial analysis in such areas as forecasting, budgeting, engaging in cost
reduction analysis, and reviewing operational performance.
Forecast cash flow positions, related borrowing needs, and available funds for investment.
Maintain banking relationships.
Report to management on variances from the established budget, and the reasons for those variances.
Engage in ongoing cost reduction analyses in all areas of the company.
Review the performance of competitors and report on key issues to management.
Create additional analyses and reports as requested by management.
Formulating strategic and long-term business plans.
Conducting reviews and evaluations for cost-reduction opportunities.
Responsible general accounting and financial reporting functions for local management and external reporting needs.
Responsible to provide the Cost report in every division contracting, trading and production.
Responsible to update the journal entries in every division (contracting, trading & production).
Prepares monthly, quarterly, semi-annual and annual accounting standard reports.
Responsible to prepare the budgeting plan in every division.
Responsible for processing of disbursements such as suppliers payables and replenishment of petty cash, miscellaneous
expenses and other related expenses Contracting Division.
Perform general accounting and financial reporting functions for local management and external reporting needs.
Interact with internal and external auditors in completing audits for the documents needed.
Monitor and review accounting and related system reports for accuracy and completeness.
Responsible to prepare the monthly reports basis on standard accounting procedure.
Coordinate and manage manufacturing budgets as it's relates to subcontracting activities including monthly accrual,
reconciliation, spending and earning analysis and fluctuation against budgets.
Formulate and recommended and implement changes to financial policy or procedure to integrity if the cost accounting
system.
Profit planning and control involves establishing profit goals, determining the expected sales volume, estimating
expenses, determining profit and much more. After planning profit successfully, an organization needs to control profit.
Profit control involves measuring the gap between the estimated level and actual level of profit achieved by an
organization.
Financial analysis is taking the financial data of the company, organizing it and analyzing it to find the strengths of the
company. This is converted into patterns and a conclusion will be driven out of it. This helps the higher management to
take wise decisions. It also helps in evaluating the financial health of the company. It is a very tedious task, which needs
to be done articulately.
Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial
management, budget, accounting, and/or payroll.
Supervises and participates in the preparation of various financial statements and reports.
Directs the installation and maintenance of accounting records to show receipts and expenditures.
Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost,
property, and operating expenses, and insurance records.
Responsible to present the Financial Statement information of the entity in question as clearly and possible for both the
entity.
Usually includes Income Statement, Balance Sheet, Statement of Retained Earnings and Cash Flows But may also
require additional detailed disclosures defending on the relevant accounting frame work.
Collecting, interpreting and reviewing financial information
Predicting future financial trends
Reporting to management and stakeholders, and providing advice how the company and future business decisions
might be impacted
Producing financial reports related to budgets, account payables, account receivables, expenses etc.
Developing long-term business plans based on these reports
Reviewing, monitoring and managing budgets
Developing strategies that work to minimize financial risk
Analyzing market trends and competitors.
Overseeing the flow of cash and financial instruments.
Planning and directing the activities of workers in branches or departments.
Preparing reports as required by law, regulations or company policies.
Ensuring compliance with applicable laws and procedures.
Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing
explanations and business solutions to help mitigate the risks.
Analyze financial performance against key business metrics and document pertinent financial highlights that will
enable management to determine progress against budgets.
Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal
for operational changes (policy, procedures, processes, etc.)
Perform all other duties as assigned and required.
Responsible to determines and evaluates potential expenses or investments that are large in nature.
Auditing
Accounting
Cost Controlling
Banking
Budgeting
Investments
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Responsible for all areas relating to financial reporting.
And responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and
timely financial statements.
Supervises staff accountants and responsible for managing the team to ensure that work is properly allocated and
completed in a timely and accurate manner.
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