Finance Manager
AL-Inmaa Educational Co. W.L.L.(Abdulrahman Alshaya Schools)
Total years of experience :29 years, 4 Months
• Initiated and accomplished the automation of several systems to be integrated with one fledge accounting system, trained the finance staff to use the modules of the systems and assign the user’s privileges.
• Guide the finance staff to work on a checklist and deadline schedule to meet the tasks and duties as per scheduled timeframe.
• Lead the finance team to structure proper set up using ERP system to avoid manual works.
• Co-ordinate with the functional and technical staff of the AX and GP software’s to identify areas requiring customization for all our needs.
• Implement and deploy MD - AX 2012 R3 project for (Finance, trade and logistics).
• Supporting and guidance to accounting process and handling the functional issues and coordinate with the technical of AX system team to make it up.
• Maintaining monthly cash flow and yearly cash flow projections.
• Allocating the support services (Overheads) to different entities based on specified ratios.
• Preparing the provisions reports of all entities using the consolidated movement sheet.
• Direct my assistant to tabulate required reports for top management.
• Reviewing and approving all payments concerning suppliers, salaries, staff …etc.
• Check and review of monthly payroll detailed salaries per staff audited.
• Formulated an excel files for all school bursars to consolidate the daily and monthly and yearly reports.
• Make sure all cash collections deposited into banks and cash books are matched with physical count, settlements of petty cash (Imprest) related to all other department`s staff periodically.
• Having surprise cash count and supervise the perpetual quarterly inventory stock count by the accountants supported by committee`s minute.
• Internal account checking (TB) and matching the related parties’ accounts of intercompany.
• Comparing all schools activities revenues budgeted against actual gross profit.
• Inventory accounts - check inventory variation report to proceed with the inventory adjusting entries after stock taking.
• Preparing the fixed assets movement report for all assets registered in the books and matching ledgers to sub-ledgers.
• Accounts payable - reviewing purchase order and administer the procurement`s department when issuing the PO, GRN, to raise the vendor invoice.
• Supervise the accountants for passing the entries of the revenue deferrals scheme and the prepaid of expenses amortization.
• Prepare and review final TB end of year after making the settlements entries to work on the final financial statements as year-end closing with the consolidations of the financial reports for all entities.
• Mainly co-ordinating with HR department to provide documents related to staff to reflect all day to day transactions of Menaitech software duly in the books.
• Co-operating with IT having duly back up on a periodical schedule & other work needed.
• Dealing with the legal department and lawyer office to raise up the cases with proper supportive documents.
• Monitoring all other departments (Registration, Procurement, HR, Services to work alongside with the procedures and policies as to provide the documents approved to finance department.
• Knowledgeable in internal audit process as well as exposed to the external audit procedures.
• Requesting the other departments for their budgeted business line expenditures as budgetary compliance.
• Reviewing the supplier contracts to ensure the best qualities and lowest prices as to compare with market share as a member of steering committee for the purchases and procurement and services.
• Ensure the guarantees should be provided by the supplier against the contractual value such as (Certified Cheque, Guarantee Cheque, and Transfer as retention).
• Having strong communication and good relation with the finance department`s employee of the ministry of education - department of private education.
• Communicating with banks for all dealings of opening LC, LG, requesting knet machines and launching the online
• Maintaining the pre-operative expenses for forming the university and the college.
• Structuring and creating the chart of accounts and the process of the accounting cycle as newly established business (AUM - American University of the Middle East & ACM - American College of the Middle East).
• Managed overall accounting operations including payables, receivables, and banks and matching Ledgers to. Sub-ledges.
• Monitoring the (cash and cash equivalent) - funds position report based on a weekly basis.
• Handling the payroll transactions and employee accounts (Maintaining staff`s leave, indemnity, loans & salary records).
• Assisting and supporting the regional chief accountant on respective duties and responsibilities.
• Assist the top management with formulation of annual budgets.
• Review the monthly and yearly closing checklists along with the supporting documents prepared by the accountants.
• Perform monthly closing of the accounting periods within GP system.
• Prepare and audit all financial statements including but not limited to monthly financial statements, monthly closings, monthly accounts payable, accounts receivable, and monthly cash flow statements.
• Prepare financial management reports and submit to high-level management (monthly reports of the profit and loss account as well as balance sheet).
• Coordinate with external auditors to facilitate their work and meet their requirements, and follow-up on respective deadline commitments and prepare year-end schedules for audit.
• Involved in reviewing & checking the final financial statements draft of (Arabic & English) versions received from Auditors for all entities, when receiving the lead sheet from auditors.
• Enter GL transactions, and review the posting profile to post.
• Perform accounts including banks reconciliations.
• Managing the inventory with sales staff.
• Meet the monthly accounts closing activities as per the adopted closing timeframe.
• Preparation of various maintaining management reports, accounts payables and receivables, profit and loss account and balance sheet.
• Act as a mediator between a foreign currency buyer and a seller.
• Advice individuals on investment decisions, maintain the existing client accounts.
• Analyze the market in order to minimize risk and maximize gain, to keep record of past and current market trends.
• Prepare daily account journal entries vouchers, supervise and manage accounts payables.
• Ensure the monthly trial balance is generated.
• Perform other duties as assigned and follow up all other financial works.
• Preparing daily journal entries, entering all expenses into the books. (Data Entry).
Banking & Finance & Personnel Management & Industrial Relation
Advanced Accounting & Auditing