Accounting Section Head – MENA & Europe
UTTRCO Tax, Accounting and Consultancy
Total years of experience :21 years, 7 Months
Closing:
• Oversee the month-end financial closure process and coordinate the timely submission of monthly financial reports to management, Overseeing reviewing works done by the Finance Team.
• Ensure timely dissemination of monthly financial management reports such reports include but are not limited to budget comparison reports, aging reports, efficiency.
• Ensure that the company Financial Accounting environment is in compliance with (GAAP).
• Oversee timely and accurate financial year-end closure and submission of year-end reports.
• Producing financial reports related to budgets, account payables, account receivables, expenses etc.
• Liaising with internal and external auditors and tax Authority
Leadership:
• As an advisor to the company’s leadership on all matters relating to financial management, I'm playing the leadership role in shaping the processes and practices in the area of financial management.
• Abreast of changes in the financial operating environment and promotes policies and processes to ensure the company adapts to these changes.
• Enhance collaboration between Finance, Sales, and other departments.
• Ensures the Finance team consistently delivers a high standard of customer service. As a change agent. procedures.
Treasury:
• Analyze and review quarterly cash forecasts submitted, to ensure efficient management of cash flows. In addition, ensure that cash forecasts are accurate and based on proper cash flow planning.
• Ensure bank accounts are managed in accordance with finance and treasury policies. Coordinate the opening and closure of bank accounts and maintain an accurate list of bank signatories. In addition, keep Treasury informed of changes in bank signatories.
• Ensure that monthly bank reconciliations are performed in accordance with the Bank Reconciliation Procedure for all bank accounts and approved bank reconciliation forms are submitted to management on timely basis.
Risk Management and Compliance:
• Ensure adherence to the financial policies and procedures and compliance with all financial requirements.
• Ensure internal control systems are in place and followed by all Finance Department staff.
• Make certain that tools such as review checklists and process flow charts are made available to and consistently used by all appropriate staff.
• In close collaboration with the Management, conduct, and document internal control assessments annually and develop action plans to address weaknesses within a reasonable time
• Actively engage with internal and external audit teams and ensure findings related to financial management are closed within the prescribed deadlines.
Supervisory Responsibilities:
• Supervise, mentor, coach finance staff. In addition, design and implement succession plans for finance staff.
• Oversee the orientation of accounting staff and project managers in relevant financial management practices, policies, and procedures.
• Encourage teamwork and facilitate job enrichment to involve team members in activities beyond their defined job descriptions. Ensure effective delegation of authority and staff capacity building within the Finance Department.
• Ensure that job description for Finance employees are up to date. In addition, ensure that performance and development plans are prepared each year.
• Complete annual performance appraisals for supervised staff. Make these documents a useful tool for employees to maintain and improve their performance.
• Supervise and mentor staff working on specific-based activities/projects.
• Preparation of employee job descriptions, performance plans and performance appraisals.
• Contribute to the planning and implementation of capacity building based staff.
• Manage the entire financial and accounting activities up to the issue of financial statements.
• Assist the Group Finance Controller with all statutory reporting.
• Under the supervision of the Group Finance Controller manage the production of the Annual Report and Accounts and the associated supporting evidence and reconciliations.
• Develops financial policies and procedures, workflows, and ensure their consistency on country financial laws.
• Ensures consistent reporting and conformity of financial management to universal fiscal policies and procedures.
• Reviews documents and claims for accuracy, completeness, and uniformity to financial policies.
• Maintains good relationship with the banks, investor, creditors, etc.
• Preparation of consolidated financial statements.
• Preparation and management of the annual budgeting, financial planning, and forecasting activities.
• Manage the entire financial and accounting activities up to the issue of financial statements.
• Assist the Group Finance Controller with all statutory reporting.
• Develops financial policies and procedures, workflows, and ensure their consistency on country financial laws.
• Ensures consistent reporting and conformity of financial management to universal fiscal policies and procedures.
• Reviews documents and claims for accuracy, completeness, and uniformity to financial policies.
• Reviews contracts for adherence to financial policy.
• Preparation of consolidated financial statements.
• Preparation and management of the annual budgeting, financial planning, and forecasting activities.
• Organize and review of the documentary cycle in the company whether (Finance, Administrative, Supply chain, Stores, Projects ........ etc.).
• Plan and assign audit manpower for the execution of the audit plan.
• Prepare/review audit reports, conduct presentations, communicate issues and proposed solutions to management.
• Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
• Communicate with various departments and project management to perform job responsibilities.
• Evaluate the effectiveness of internal controls and operating practices.
• Prepare detailed reports on audit findings review data about material assets, liabilities, and expenditures.
• Direct activities of personnel engaged in filing, recording, compiling and transmitting financial records.
• Ability to present accounting data in a clear and understandable manner to both technical and non-technical.
• Confirm that all received invoices are coded and approved as per the company’s approval matrix.
• In case of any missing coding/approval, coordinate with the respective department until the necessary approvals are in place.
• Review supplier's statements to ensure that all details appearing on them are accurate and complete.
• Ensure timely payments to vendors and reconcile their accounts and reconcile bank statement with GL.
• Manage accounts payable including utility bills, advance payments, local purchases.
• Interact with internal and external auditors in completing audits.
• Work closely with project manager in preparing and review monthly progress invoices to owner/ consultant for work performed during the month.
• Provide direct financial communication with all required parties including owner, subcontractors, internal financing department and project team.
• Audit all expenses before and after payment.
• Manage bills receivable and payment for and to suppliers and clients and prepare aging reports.
• Review / Preparation of daily JV for all expenses with all supporting documents.
• Checking Reviewing of JV for correctness and proper approval.