Finance Manager
EFB FZC
Total years of experience :11 years, 6 Months
Overseeing of Annual Budgeting Process - Liaise with various functional heads to complete detailed budgeting at the beginning of the year - Dynamically update budgets as relevant
Maintenance and Review of Accounts - Maintain accounting records including the following - General ledgers - Bank ledgers - Journal vouchers - Supplier and vendor records - Close accounts on monthly basis - Prepare P&L, Balance Sheet and Cash Flow Statement as per accounting standards in a timely manner. Establish and constantly maintain the division’s strategy and business plan in line with company’s strategic plans and the operating objectives.
Develop division’s budget and resources to be deployed according to the business plans and guidance from the CEO/CFO
Operations:
Reviews financial and operational performance, analyzes current and past trends in key performance indicators, and drives performance improvements.
Analysing causes of unexpected variances and responds to executive management inquiries as needed
Produces annual budget and updated forecasts on a quarterly basis.
Directs, coordinates and assists customer billing & collections department in streamlining processes, identifying and correcting errors, and maximizing effectiveness
Responsible for all Capex related issues: budgeting, approval, project management, accounting
Plan, evaluate and secure short and long term financing sources to support company’s growth
Regulate, implement and maintain a timely, full and accurate set of accounting books of the company reflecting all its activities in a manner commensurate with the relevant legislation and regulatory requirements
Implement a robust financial reporting system to monitor the performance of Projects, its flow of funds, adherence to the budget, expenditures, income, and other budgetary items.
Working with the senior management of company, and will liaise with banks, financial institutions, funds, rating agencies and other stakeholders in the financial community to ensure timely availability of financing for projects at the most competitive terms
Prepare comprehensive financial models for various projects to deliver cash flow forecast, scenario analysis, risk assessment and return analysis
Work closely with the project development team to identify, analyze and execute the most optimum financing solution for the company’s projects (including debt and equity)
Coordinate with finance providers on due diligence, term sheet negotiations and documentation
Work with project teams to ensure timely compliance with all conditions precedent and other obligations
Coordinate the drawdown/repayment formalities for debt facilities and to monitor compliance with financing conditions and obligations.
People Management:
• Provide coaching/ mentoring to finance team in the optimization of their personal potential, so that the division’s objectives are met and/ or exceeded
• Identify the training and developmental priorities in conjunction with the HR and ensure that staff are adequately skilled to meet the future requirements of the Division
• Evaluate subordinate’s performance and provide the timely feedback.
Prepared, reviewed and automated monthly, quarterly and annual detailed MIS reports for Board of Directors.
Prepared projected Cash Flows on monthly, quarterly and annual basis; ensured effective cash management; monitored cash position regularly to ensure sufficient funds are readily available to meet company's liability
Prepared Financial Budget and business plans and assists / supervises the budget preparation of other departments; Followed-up the comparative budgeting reports and recommends corrective action, as necessary, based on the actual results achieved
Coordinated with Internal Audit (Corporate Group) and External auditors (KPMG, Deloitte) to resolve all corporate related matters
Developed, implemented and monitored adequate internal controls; Ensured the proper implementation of the established Project Group’s policies and procedures in the most efficient manner; Ensured the adoption of all necessary measures to protect the Company’s assets e.g internal control and proper insurance coverage; Ensured the accuracy and timely preparation of monthly results, forecasts, yearly budget, 5-year plan and financial statements;
Controlling and Handling the entire Payables of the company of accounting and book keeping functions from month-end to year-end closing. Timely response to the emails of vendors and clients; reconciling the Vendor Accounts; Bank reconciliation with valid entries; To assist the team to tackle invoice processing and process related glitches; Follow up with client’s vendors to ensure all the accrued invoices are booked by due date;
Review of Receivable from vendors to clear the Open pending items; Follow outlined procedures for invoice routing and approval; To make a report on Quality Check on the transactions accounted for the period; Review invoices and ensure appropriate authorization for payment, match invoices to PO’s and receipts, accurate coding and keying of invoices; Follow up with client’s vendors to ensure all the accrued invoices are booked by due date; To post month end Journal Entries; Daily reporting of the Bank account statement.
Responsible for all accounting and book keeping functions, Data entries, Ledger accounts and monthly Trial Balance; Preparation of all yearend Financial Statements for audit purposes; Examine job of staff accountant and approve journal ledger for data entry.
Payroll Management; Cash Management, Payables Management; commission to salesmen; Accounts Receivables management, collection, chaser notices; Reconciliation of Bank Accounts, Customers and Suppliers Accounts.
Costing, preparation of quotations and attending Govt. tenders; Supervising Pre-Press Unit, Production Dept., and Machinery section; In-charge of Sales and Purchasing.
Attended customers & Reporting to Manager and the Managing Directors (Owners).