Financial Controller
Dar Al-Hayat
Total years of experience :31 years, 5 Months
subordinates (4 accountants)
Key Functions
•Assume financial management functions including production of monthly / yearly financial reports in support of overall business objectives;
•ensure accuracy and integrity of financial information.
•Develop budget forecasts in the light of the group financial strategy and performing variance analysis in accordance with business plan.
•Build up highly skilled accounting and financial management team to achieve established objectives.
•Interact with the Board of Directors or CFO concerning financial forecasts and reports. Liaise with external auditors during the normal course of audit work and local authorities' inspectors for statutory tax related issues.
Technical
Followed-up and overseen the proper conduct of all day to day operations as following:
•Accounting:
•Approving all accounting documents including AR/AP, inter-companies' accounts reconciliation.
•Reviewing timely consolidated management accounts / reports of independent publications
•Liaison with internal / external Auditors and ensuring a smooth fulfillment of audit requirements
•Liaison with external parties such banks, suppliers, customers, governmental tax authorities
•Finance:
Preparing budgets / forecasts and cash flow of independent publications
•Follow-up budget / cash flow variances and providing variance explanations to GM / Chairman and Board of Directors.
•Operation, Production and Distribution:
•Reviewing, Producing periodic analysis + Management accounts related to:
•Production and Inventory (raw material) control
•Distribution and Sales
•Overseas branches:
•Monitoring remote offices / branches financial aspects particularly office needs in terms of cash and subsequently reviewing management accounts materialized by bank and cash receipts / payments reports / Bank and Inter-companies’ reconciliations statements / fixed assets register, in addition to monitoring the freelance editors issues. (costs / payments).
•H/R and Administration:
•Approving Payroll and related Fringe Benefits, Social Security Contributions, Governmental Allowances and Taxation matters.
•Conducting company's payroll in the absence of the H/R manager
•General:
•Inter-acting and communicating with company's different departments (Operations and Production, Sales and Marketing, H/R and Administration, Editorial
•Permanent review of company’s policies and procedures and enhancing internal control systems
Key Functions
- Leading and assisting in the auditing process, thus making sure that Audits are conducted with a high quality level, in accordance with the firm’s best practices, and in compliance with the recognised International Standards.
- Managing a team of junior auditors, and helping them out to improve their performance and work output.
- Assigning tasks to various members of the auditing team, while ensuring an efficient and accurate completion of Audits work.
- Taking part in the auditing process as and when required
- Reporting auditing issues and assisting in resolving them.
- Remaining up-to-date thus keeping clients abreast with developments in local rules and legislation.
Lebanon Branch), Beirut - Telecommunication Industry
Public Switched Telephone Network Project ($ 135 Million - 4 years' contract
Key Functions
- Carry out the day to day functions including AR / AP cash management and general ledger entries. Perform monthly accounts analysis and reconciliation.
Technical
Provide assistance to the Chief Accountant in numerous functions as following:
Start-up the accounting department and completion of appropriate policies & procedures
Establishment of a convenient chart of account along with cost centers & analytical destinations consequently parameterizing the whole in a tailored software
Up-dating regularly the P & P in the light of changes and developments in the company
Follow up: a) Sub-Contractors contracts (Payment due according to the date and work in progress); b) Preparation of all Accrual and Prepaid Expenses (Rents, Insurance, Fees.....);
Updating regularly the Fixed Assets register and computing related depreciations
Conducting regularly banks and third parties' accounts reconciliations
Professional experience includes:
Auditing in Financial institutions Commercial companies, Advertising agencies, Non Profit Organizations (Schools, Universities, Welfare Institutions)