Finance Manager
Oregano Leads DMCC
Total years of experience :13 years, 2 Months
• Perform a full spectrum of financial and cost accounting e.g. Employees expenses (incl salaries), Accounts Receivables, Accounts Payables, Fixed assets, Inventory, Accruals, Foreign exchange and variances, General Ledger, Journal entries, forecasting etc. for the company and its clients.
• Responsible for day-to-day finance and accounts operations, such as issuing the invoice, update financial data in databases to ensure that information will be accurate and immediately available when needed.
• Perform full set of accounts and ensure timely closing of accounts for the company and its clients. Processing of balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines
• Producing management reports and financial information with 100% accuracy.
• Keeping an eye on incoming payments from accounts receivable and outgoing payments from accounts payable.
• Monthly bank reconciliation.
• Preparation of journal entries and profit and loss statements.
• Prepared month-end balance sheet reconciliations included but not limited to recording transactions, creating reports, tracking income and checking expense figures for accuracy and legitimacy.
• Analyze financial information and present summarized financial results to ensure effective execution of functions.
• Reconciled the outstanding payments by patients and implemented plan for collection.
• Producing management reports and financial information with 100% accuracy.
• Keeping an eye on incoming payments from accounts receivable and outgoing payments from accounts payable.
• Monthly bank reconciliation.
• Preparation of journal entries and profit and loss statements.
• Prepared month-end balance sheet reconciliations included but not limited to recording transactions, creating reports, tracking income and checking expense figures for accuracy and legitimacy.
• Analyze financial information and present summarized financial results to ensure effective execution of functions.
• Reconciled the outstanding payments by patients and implemented plan for collection.
• Presiding over the credit worthiness of prospective and the existing portfolio of customers in accordance with corporate policies and risk management strategy.
• Analyzing all credit applications to determine terms of sale, credit limits and risk levels.
• Reviewing customer accounts on a regular basis to ensure continued compliance with the region's credit policy.
• DSO (Days sales outstanding)/ Accounts receivable days, Cash flow generation, risk profile of debt
• Sending out the invoices with the delivery notes and purchase order.
• Sending Statements of account.
• Following up with customers through phone calls and taking appointments for payment to be processed on time (whether bank transfer, cheques or Letter of credit) in accordance with their credit terms.
• in accordance with their credit terms.
• Posting the payment in the system.
• Scheduling credit meetings with the sales department for the status of any pending purchase orders or agreements to be signed for implementing an action plan and circulating the minutes.
• Reduced the outstanding aging days and was able to collect old outstanding debts.
• Developed new policy with clients in terms of payment to maintain the company’s cash flow in a timely manner.
• Developing relationships with clients.
• Checking all credit applications in terms of references to decide the credit worthiness for the companies before approval.
• Sending out the invoices and statements
• Following up with customers for payment to be processed on time(whether bank transfer, cheques or Letter of credit) in accordance with their credit terms.
• Achieving the monthly target and beyond.
• Preparing the daily sales revenue statements
• Checking the allowances posted by front office and auditing the postings posted to the right revenue code and the reason for the revenue loss.
• Checking the rate variance report ensuring the correct rates are applied.
• Reviewing forecast not to be above or behind the budget.
• Spot check operation in regards to open checks and blind cash flow imbalance
• Reviewing General Cashier’s report and controlling over and short by all cashiers.
• Making sure that policies and procedures are applied as per company strategy.
• Reconciled the variances occurred since preopening with AV company dealing with the hotel and maintained a smooth payment strategy.
• Improved the month end closing strategy to be first day in the month instead of the sixth day.
• Checking all credit applications in terms of references to decide the credit worthiness for the companies before approval.
• Visiting the companies to maintain good relationship and ensure that there are no disputes in regards to the invoices to avoid any deductions.
• Checking the guest ledger daily that all in house guest accounts are not exceeding their credit limit.
• Checking all Pay master accounts if any and following up with events and sales department to secure that payment will be received before the departure of the group/event.
• Sending out the invoices with the required correspondence.
• Sending Statements of accounts.
• Established the policies and procedures for the hotel in terms of payment terms and collection strategy.
• Reviewing General Ledger, balancing all the charges and adjusting and correcting errors. • Following up on payments with clients
• Reconciling Bank statements.
• Spot checking the cash floats and ensuring that there are no cash shortage as per policy and procedure.
• Submitting the report on a daily basis
• Depositing all cash and cheques on a daily basis
• Preparing the daily sales revenue
• Checking the allowances posted by front office and auditing the postings posted to the right revenue code.
• Able to determine the variances in terms of the tenants in grand residences and improve the cash flow.
Studied accounting and business administration for 4 years