Finance Manger
Afaq Medical Center
Total years of experience :24 years, 4 Months
responsible for day-to-day financial operation contract reviews, financial reporting and analysis, budgeting, and compensation evaluation. Directing investment activities, planning cash management strategies and implementing goals
Overseeing financial reporting and providing financial support for various departments They also develop long- and short-term objectives to carry an organization through each accounting cycle in alignment with established policies and strategic ensure the clear communication and review of financial reports, as well as compliance with tax and legal regulations as they relate to finance and accounting. supervise accounting staff and be responsible for hiring and training finance assistants.
Management
• Maintain a documented system of accounting policies and procedures
• Manage outsourced functions
• Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
Funds Management
• Forecast cash flow positions, related borrowing needs, and available funds for investment
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
• Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
• Maintain banking relationships
• Assist in determining the company's proper capital structure
• Arrange for equity and debt financing
Invest funds
• Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
Budgeting
• Manage the preparation of the company's budget
• Report to management on variances from the established budget, and the reasons for those variances
• Assist management in the formulation of its overall strategic direction
• Ensure that appropriate finance systems are maintained, and that all procedures and controls are implemented.
• Ensure that all transactions are properly accounted for.
• Manage bank accounts, and the transfer of money between head-office, country office and field offices.
• Monitor cash flow, and ensure that sufficient funds are always available in the bank.
• Authorize payroll, and other payments. Sign cheques.
• Prepare the monthly financial accounting reports at the end of each month, and submit them to head office by the second week of the following month.
• Prepare monthly management reports at the end of each month.
• Monitor the funding situation, and prepare the funding grid at the end of each month.
• Assist in the preparation of budgets and accounts to donors, as requested.
• Provide any other financial information, as requested, and respond to any other financial queries.
• Liaise regularly with budget holders.
• Assist any audit undertaken.
• Provide support to field finance staff, and work closely with them to ensure that financial information is accurate and up to date.
• Continue to develop improvements in the finance system, as necessary.
• Manage the Finance Team.
• Ensure all company accounting practices are strictly adhered to.
• Ensure all accounting data are secured and a back up copy created in weekly basis.
• Update the company books on a daily basis and ensure they reflect latest financial image of the company.
• Produce all financial and accounting reports on a regular basis and in line with their predefined frequency.
• Ensure all data entry to the respective accounting area is done accurately and timely by the various accountants in the company.
• Review and approve all accounting transaction done by accounting department team.
• Review and approve bank reconciliation.
• Review and approve HR & administration department work.
• Ensure that all accounting controls are in place over cash handling, checks, collections, payment voucher and receipt voucher.
• Review, approve and ensure all A/R and A/P and insurance companies reconciliation procedures are strictly adhered to in monthly basis.
• Perform the pertinent month end activities and closing process.
• Prepare and enter all the month end activities and closing process.
• Prepare and enter all the month end journal entries into accounting system.
• Communicate with management, company clients, insurance companies and others in a well mannered and professional way.
• Conform with and abide by all regulations, policies, work procedures and instructions.
• Responsible for setting up processes, procedures, systems and reports to ensure that all risks associated with the moving and counting of Cash are minimized Ensure books and physical cash tally on daily basis
• Ensure the quick reconciliation of salesmen, sales and cash cheques receipts and settlement of sheets)
• Provide the physical deposits of cash, coins and cheques on daily basis in DRC banks.
• Keep in safe valuable items to the promotions, entrusted to him by DRC
• Coordinate and work closely with cashiers. Supervise, motivate the cashiers in all branches and monitor the team performance
• Review cash and cheque disbursements, journal postings and general ledger.
• Review bank reconciliations for accuracy.
• Assist in cash flow management
• Implement DRC Cash Internal control policies and procedures follow the implementation of Specific grant guideline and regulation while handling disbursement.
• Responsible for All Cash and Bank Receipts .
• Ensure books and physical cash tally on daily basis
• Coordinate and work closely with Cashiers. Supervise, motivate and monitor the team performance
• exercising responsibility for accuracy and priority of work and for resolving discrepancies in daily balances
• Groups, classifies, and totals receipts and prepares deposits to local bank accounts.
• Prepares or supervises preparation of reports of daily cash receipts of Tawam Hospital, al Wagan Hospital, Neima clinic and Al Jahli Clinic.
• Balancing records against cash and checks received.
• Preparing Monthly Revenue Reports, Bank Reconciliation and Revenue Report Summary.
• Training incumbents in customer service and cashiering procedures.
• attending to patient and officials inquiries.
Responsibilities:
Executing a variety of broad range cash management functions encompassing acceptance and recording cash / cheque payments, advance payments etc as per standard business accounting procedures.
Updating customer records and account information, monitoring all transactions, verifying and cross verifying all records of transacted volumes to avoid misappropriation and accounting errors.
Generating monthly financial results and creating reports for management, preparing and auditing all financial statements including, general ledger accounts to determine their accuracy and ensuring all funds are accounted for appropriately.
Preparing statements and maintaining monthly and yearly patient databases of outstanding payments accounts (Credit control)
Training incumbents in customer service and cashiering procedures.
Processing insurance Claims and attending to patient and officials inquiries.
Achievements:
Developed and designed database applications for the following areas:
- Cheque Register system.
- Credit control system.
- Cash Daily Balance.
- Service Estimation System.
Responsibilities:
Established audit plans, objectives and scope of work in alignment with organizational goals; undertaking responsibility for the overall execution of projects through team management and final report delivery.
Ensured that efficient and effective measures are implemented to safeguard acquisitions from losses arising from waste, extravagance, inefficient administration, poor value for money, fraud or other causes.
Appraised the integrity of processes and systems to ensure that controls are adequate and effective in design and in operation, ensured department objectives and activity are in alignment with the company's strategic vision.
Planned and executed standard audits, reported audit findings and recommended corrective measures to improve operation and reduce costs.
Determined the direction and objective of proposed audit works, and determined the audit procedure and technique.
Planned the theory and scope of audit, and prepared audit programs.
Evaluated system effectiveness and performed professional audits in accordance with the approved audit program.
Responsibilities
Prepared telegraphic and electronic transfers, demand drafts and other payment instruments for depositing in the bank. and augmented cross selling initiatives, ensured optimum service levels at all times, resolved customer grievances, provided information and devised ways to eliminate service bottlenecks.
Supported customer decision making process on suitability of various products and services to existent needs in addition to providing all round assistance, periodically modifying and updating customer profiles and account information to reflect currency of transactions and database information.
Arranged for certificate processing of deposit and money market accounts, sold travelers cheques, handled foreign currencies, commercial and business accounts.
Tallied and reconciled balances for every transaction effected, verified accuracy of deposit slip for deposit acceptance and processed the transaction.
Played the role of a customer service facilitator and informed customers about various types of accounts, financial services offered by the bank and referred interested customers to representatives.
Multi-tasked across various in branch operations assigned by the manager to do with loan appraisal, bookkeeping, compliance and clerical functions.
Other Experiences to Credit:
July 1998 - September 1999
Assistant Auditor
Saleh El hadi Mohd Salih Authorized Accountant& Auditor Office
