Finance & Admin Manager
Jerusalem Pharmaceutical Companies Group (Joriver Pharmaceutical Industries)
Total years of experience :18 years, 3 Months
Responsibilities:
- Prepare annual budget forecast.
- Prepare annual business plan to all markets for commercial department.
- Prepare financial reports and developing reports for top management.
- Run an effective cash flow management.
- Prepare financial analysis and reports as well as the evaluation of the markets and investments.
- Identify areas for cost reduction and improvement.
- Design & implement financial policies, procedures, internal control systems.
- Ensure that all financial controls on the different departments are met and adhered to all the time.
- Audit the costs of pharmaceuticals and their profitability evaluation, pricing tenders.
- Follow up external auditors.
- Follow up all company taxes issues with sales & income tax department and legal cases.
- Supervise all administrative processes of the company.
- Team management (finance, HR, public relations, logistic).
- Follow up banks and financial facilities.
- Monitor stock levels (finished products, row and packaging materials).
- Manage Accounts Receivable and follow up AR collections.
- Monitor Procurement and the approved terms of payment.
- Prepare consolidated monthly group financial statements & compare them with FS estimated in addition to leading the team to prepare the monthly financial statements for companies.
- Manage working capital, assets and resources of The Group efficiently and effectively.
- Prepare reports to top management and prediction for the current & the future status.
- Monitor & develop overall performance measures (KPI) for all activities in The Group that support the strategic route of the whole group.
- Monitor the performance, guidance, development of the staff in the financial & Admin departments.
- Manage & follow up sales department activities, sales forecast and plans on a daily basis.
- Manage, organize, evaluate contracts as well as commercial transactions and submit appropriate recommendations thereon.
- Manage and follow up the legal cases, tax issues and IT system in The Group.
- Manage relationship with the approved & VIP suppliers.
- Implement the strategic plans that are approved by the Chairman of Board.
- Prepare financial & admin policies, internal control systems, work procedures and implement them in The Group.
- Plan financial & human resources in coordination with the departments concerned.
- Identify internal and external risk areas and risk assessment of The Group.
- Ensure & synchronize all operations in the group with local laws and regulations.
- Prepare & develop appropriate strategies for risk management for The Group.
- Follow up inventory balances in all respects (Maximum, Minim, Expired, etc.).
- Run cash and cash forecasts and ensure continuity and adequate cash flow in the group.
- Invest capital surplus and recommending investments based on feasibility of the projects.
- Monitor and evaluate The Group AR collection plans, monitor AR balances & credit limits and control the working capital structure.
- Ensure cash flow management for the four companies’ turnover US (50) million annually.
- Prepare appropriate credit policy for operations of The Group.
- Perform analysis of monthly consolidated FS, Master analysis, Deviations and submit necessary recommendations alongside with solutions.
- Submit analysis of monthly reports, profitability, productions and the daily flash report.
- Perform analysis of deviation budgets’ forecast Vs actual results and manipulate deviations.
- Prepare financial analyses that assist management in setting selling prices for the companies’ products.
- Prepare the annual budget forecast.
- Monitor productions’ costs Vs standard costs, and submit the necessary recommendation to top management to reduce them.
- Prepare and evaluate feasibility studies and projects, as well as the financial studies for any activity of The Group.
- Audit and approve purchase orders and payment terms and organize payments to suppliers on time.
- Setting improvements and preventive procedures that help improve the performance of work in The Group.
- Monitor & Implement the best operation practices in all departments of The Group.
- Plan and implement the best policy for having an attractive environment for management and human resources in The Group.
- Prepare the annual training plan in accordance with the needs of the employees.
▪ Main Responsibilities.
Supervision & Management.
Planning & Risk management.
Funding & Cash flow management.
Financial Analysis & reports.
Operations & Control.
Responsibilities:
- Preparing annual Internal Audit Plan & Audit Program for each department (Finance, Purchasing, Sales & Marketing, HR, Planning, Productions and Stores).
- Designing & executing tests of internal controls and risk assessment.
- Evaluating business processes for effectiveness & efficiency and improve work performance.
- Ensure the compatibility of work with the local laws and the financial and administrative systems in company.
- Propose appropriate solutions for reducing company costs & expenses.
- Preparing audit report to head of department& Chairman of Board of directors
to take correct actions.
- Audit & approve the quarterly financial reports - balance sheet, income statement, and cash flow- before sending them to board of directors.
- Audit & approve of all payments (Cheques, money transfers & etc.) to Beneficiaries before sending it to the authorized signatories to sign.
- Audit all the accounting entries and all other transactions.
- Follow up the external auditors and “sales & income” tax.
Accepted