Finance Manager
Elite Co.
Total des années d'expérience :20 years, 1 Mois
Started as FP&A Manager and promoted to be the Group Finance Manager.
Regional Group active in shipping & logistics present in UAE - Dubai, Oman, Qatar, Bahrain, Kuwait & India.
• Developed and implemented financial plans, budgets, and forecasts aligned with the institution's strategic objectives.
• Conducted regular financial analysis to identify trends, variances, and areas for improvement.
• Provided insightful recommendations to senior management based on financial analysis and projections.
• Prepared accurate and timely financial reports, including balance sheets, income statements, and cash flow statements.
• Ensured compliance with regulatory requirements and accounting standards.
• Presented financial reports to the Senior Management team and Head-office management team and other stakeholders as required.
• Managed the institution's budgeting process, including allocation of funds to various departments and programs.
• Monitored budget performance and implement corrective actions as necessary to ensure financial targets are met by worked closely with department heads to develop and track departmental budgets.
• Identified the financial risks and developed strategies to mitigate them.
• Implemented internal controls and procedures to safeguard the institution's assets and ensure financial integrity.
• Stayed abreast of regulatory changes and industry trends that may impact financial operations.
• Monitored the cash flow and liquidity to ensure the institution meets its financial obligations.
• Optimized cash management strategies to maximize returns and minimize risks.
• Coordinated with internal and external auditors to facilitate audits and ensure compliance with audit requirements. Addressed any audit findings and implement recommendations for improvement.
• Ensured compliance with all relevant laws, regulations, and contractual obligations
• Regional Group active in International Trade Exhibitions & Conferences, present in UAE - Dubai, Lebanon, Qatar, Iraq, Ethiopia, Rwanda, and Egypt.
• Supervised, managed, and motivated 12 financial accounting staff to consistently exceed business targets by on average 5% per Quarter.
• Oversaw daily financial functions, including accounting, payroll, and financial reporting.
• Established credit control policies that increased year-on-year cashflow healthiness.
• Lead the annual consolidated budget creation and processing.
• Set up and maintained finance function of ERP system across 13 business units with 100% accuracy.
• Prepared all types of financial & management reports accurately, in a timely manner - Individual & Consolidated.
• Made necessary studies on projects & negotiated with banks for project facilities.
• Evaluated financial risks to help the Chairman making the right decisions.
• Implemented proper internal controls to achieve organizational targets and develop financial plans that support the organizational strategy.
• Prepared Semi-Annual audit schedules, collaborating with external & Internal auditing teams to verify compliance with all regulations.
• Created all jobs description for Accounting and Finance team and divided tasks fairly, opened new vacancies, and made necessary recruitments in HQ & Stations.
• Regional Group specialized mainly in Road Construction, Road Safety Signage & Related Electrical Devices.
• Managed Finance & Accounting team - 14 members.
• Reported directly to CEO/Owner.
• Lead the Annual Budget process of US Dollars 187 Million in collaboration with concerned related parties.
• Took lead to manage all relationships with the Banks, Ministries & Governmental Bodies.
• Issued periodic financial, costing, and management accounts reporting along with various relevant analysis studies.
• Managed & monitored the overall treasury function including securing financing facility lines from banks: Overdraft, short- & long-term loans, LCs, and LGs.
• Performed personnel-related tasks: Audit of payroll, preparation of exit permits, handling required necessary training, search and hire new staff, follow up with recruitment companies, etc.
• License: Monitored ISO 9002 certification.
• Delivered training and development to the Finance & Accounting team with ongoing supervision for progression and best practice improvements.
Industry specialized in FMCG Production such as Cashew and Sesame.
One of the largest FMCG groups in Lebanon.