Group Assistance Finance Manager
Maz investment
Total years of experience :23 years, 3 Months
•Study and analysis the current Accounting system, the standard and work flow mechanism
•Reevaluate the financial, Accounting process.
•Assist to create an new procedures and mechanize within the Accounting department and related department
•Finalize the current system (Accounting with related section, Reservation and Front office).
•Find the Gaps and errors and re-correct the transaction and reports.
•Leading and Supervising the Accounting Team.
•Follow up the day to day transaction and closing.
•Support the Revenue team with new reports and analysis to maximize the sales.
•Analysis the cost and build new Audit and monitor system.
• Leading the team to change the previous system (Prologic) and Implement new system (IDS) from A to Z.
Responsibilities:
•Evaluate performances based on operating plans and standard reports and interpret results of operations to provide them to all levels of management.
•Provide Operations Department with required financial information to help them in carrying out responsibilities assigned to them.
•Manage the whole accounting department and lead a team of accountants.
•Manage the various aspects of Working Capital.
•Exercise control over Cash flow Projections and Financial Projections.
•Control overall cash and bank transactions.
•Establish, coordinate and administer an adequate plan for the operations control comprising of profit planning, programs for capital project, financing and budgets.
•Prepare error-free financial statements and reports on monthly, quarterly and annual intervals.
•Provide various kinds of information and explanations required by other departments.
•Manage reconciliation of various sub ledgers.
•Prepare and process budgeting.
•Monitor strategic and operational aspects of financial planning and organizational management.
•Build a link between financial and management reporting issues to better understand the organization and the relationship between the organization's day-to-day operations and the achievement of Company goals and objectives.
•Increase management understanding of financial issues through advocacy of value pertaining to linking financial and operational information used in decision-making.
•Manage and report on the company's accounting transactions.
Responsibilities:
•Ensured maintenance of excellent financial management systems and processes.
•Determined, analyzed and presented financial and related information for facilitating understanding of options to resolve complex problems and take advantage of available opportunities.
•Communicated on financial matters, provided quality leadership, fruitful negotiation and change.
•Contributed towards strategic initiatives, encouraged internal control framework and provided financial advice inside the organization.
•Established reporting relationships with Operational and Program Managers handling daily Accountability Duties.
•Attended meetings for taking part in strategic financial management discussions, considered internal control framework issues and their subsequent application.
•Enhanced value of the organization into becoming more pro-active and widening the scope of their influence.
•Acted as a Team leader in business development especially in the area of Receivables and followed up all accounting transactions and analysis, ageing and prepared the required reports.
•Provided assistance in determining policy, programs and solutions.
•Assisted in preparation of Strategic and Operational performance reporting and analysis, comprising of both perspective and prospective information, and a framework for continuing corporate planning and forecasting.
•Discussed sophisticated analytical techniques going beyond analysis of internal financial information and budgets for providing advice and assistance.
•Ensured compliance of financial policies and guidelines with the quality and timeliness of financial information and assured reporting.
•Provided support to the performance management system linking both qualitative and quantitative key performance indicators to the strategies and outcomes of the organization.
•Focussed primarily on measurement and control of business risks through effective financial risk standards, especially customer payments and outstanding.
Responsibilities:
•Supervised and implemented new accounting system
•Monitored overall accounting transactions in the system, especially pertaining to the customer and daily ledger accounting transactions.
•Replaced gradually the old accounting system through comparison and reconciliation of the result with the new system as required for replacement.
•Followed up with IT Department with regards to performance and test of new system, carried out various adjustments required for the mechanization and accounting of reports
•Designed new Chart of accounts, main accounts and sub accounts.
•Followed up for various Accounting Transactions within the system.
•Exercised complete control and management of customers’ accounts and implemented necessary controls to safeguard company’s and customers’ assets.
•Prepared customer transactions report on a daily basis .
•Prepared revenue statement, bank reconciliation, customer balances and portfolio on a daily basis.
•Drew up monthly Profit & Loss Report, monthly closing and overhead accounting reports.
•Prepared KPI report and presented the same to the top management on a daily basis.
Manage the accounting department and lead the accountant team
•Develops and maintains the finance and accounting policies and procedures, and ensures that it is properly implemented across the company.
•Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions. Develop the annual operating budget and consult with departmental management on the fiscal aspects of program planning, and other administrative actions.
•Prepare profit and loss statements and monthly closing
•Coordinates, supervises, and follows-up all financial, accounting, and budgeting activities
• Provides financial advice to the management related cash flow income and outcome.
• Plans, directs, and controls the monthly financial and accounting work plan.
•Provide monthly, quarterly and annual management reports to the General Manager.
• Monitors and supervises the company’s cash flow plan and ensures maintaining adequate liquidity taking into consideration any provisions to Ensures the protection and availability of cash for the daily operation and activity
• Reviews and submits accurate & timely management accounts, cash flow monitoring reports and forecasting
• Reviews and maintains financial systems including revenue, operating expense, capital budget, and Cash flow plans for all departments.
Develops yearly department budgets and organization budget
•Finalization of the monthly financial statements