Finance & Commercial Manager
Media World
Total years of experience :17 years, 5 Months
• Developing Finance & Accounting policies and procedures and ensuring it is properly implemented across the company.
• Overseeing all aspects of finance functions, AP/AR, treasury, payroll, audits, reporting, planning, budgeting and forecasting to provide timely management accounts and reporting information along with analytics.
• Ensuring the proper management of company cash flow and solvency.
• Coordinating, supervising, and following up with all financial, accounting & budgeting activities
• Providing financial advice to the management as related to new company investments.
• Driving cost efficiencies and commercial decision making across the business division.
• Actively looking for ways to contribute to the growth of the business through strategic advice.
• Analysing operating costs & research new sources of Finance and new business opportunities.
• Communicating the financial information and concepts to non-financial team members.
• Maintain good business relationship with banks, suppliers & clients.
• Developing business plans and financial impact analysis for new projects. Identify risks & opportunities, understanding base assumptions for strategic growth of the departments.
• Responsible of the implementation of new ERP system.
• Advising and delivering on client contract negotiations.
• Leading on companywide legal matters (preparing contracts, agreements, MOU, NDA, and all sort of legal letters).
• Leading new business reporting and overview, identifying patterns and coordinating team efforts.
• Providing support to HR, Operation and Marketing functions.
• Presenting commercial acumen in all relationships and for the business as a whole.
• Establishing an accounting system for the company.
• Managing the finance functions and supervising the accounting team.
• Financial modeling and analysis for new investments.
• Overseeing the ledger, payroll and accounting process.
• Analysis of KPIs, budget and performance.
• Reporting to owners on different basis.
• Studying new financing and negotiate with banks on new facilities.
Running the research of raising fund for property investment (Home for Life Plan - retirement products): research methodology, project proposal and business plan. Building investors relationship.
• Responsible for the preparation, distribution and review of required financial & accounting reports.
• Annual budget, capital expenditure budget and projected cash flow.
• Obtain bank facilities. Such as loans, bid bonds, and negotiating commission rate.
• Ensure that accurate financial and accounting records are maintained in accordance with Generally Accepted Accounting Principles (GAAP) and local regulations.
• Select, develop and coach team for 10 members.
• Responsible for transforming the finance functions by creating new ERP system for the company, (Finance Transformation)
• ABC Activity Based Costing, allocating the company overhead and indirect cost to different cost centers.
• Cost control, following up with the budget and make necessary decisions to avoid any deviation.
• Established the structure and organization of the new company.
• Responsible for creating and writing new policy (payment policy and flow of work for accounting)
• Hiring new staff for finance department and warehouses.
• Creating new ERP system.
• Preparing business plan for the next two years.
• Supervising and controlling the company accounts, financial statement and report preparation.
• Controlling the general accounting functions including the payables, receivables, property and statistical accumulation on daily basis.
• In charge of all bank accounts, issuing new bonds, follow-up regarding interest, transferring and exchanging money, bank reconciliation.
• Preparing and paying salaries for over 300 employees.
• Preparing financial statements (cash flow, P&L)
• Preparing different financial reports on regular basis and upon request.
• Responsible for ensuring the correct and timely payments for all company invoices.
MBA Global Financial Services - full time (Modules structure provided upon request)
Bachelor degree in Business Administration - Finance and Investment