Finance Manager-Health Care Sector
Cigalah Group
Total years of experience :32 years, 3 Months
Main Tasks
- Maintaining G/L Accounts
- Maintaining Cash Flow
- Follow-up Customers Aging Analyses to improve collection
- Control all expenditures on behalf of supplier to assure its timely refund
- Control suppliers balance reconciliation and timely due settlement
- Updating SOPs and supervising its implementation
- Coordinating with External Auditors for issuance of the Yearly Audit Report
Budgeting, Expenses Controlling and Reporting
- Preparing the Yearly Budget
- Generating Monthly Financial Reports in comparison with Budget and last year (for each division)
- Supervising the expenditure in order to maintain it within the budget
- Preparing forecasted Cash Flow Report and monthly Cash Flow Report
Commercial Tasks
- Reviewing the Contracts of new suppliers and negotiating with them for better conditions (Margin and Payment Terms)
- Negotiating with current suppliers the current commercial conditions to improve it
- Negotiating with some suppliers their marketing plan, budget, and control it for timely refund
Main Tasks
- Maintaining G/L Accounts
- Establishing production Cost Centre
- Implementing the new Accounting Computer System (Sage)
Production and Processes
- Reviewing cost of production (in terms of machine cost, labor, rent and Overhead) to generate the cost per hour for each machine/cost center to maintain profitable and competitive prices.
- Coordinating with Production Department to implement the new production system (Shuttle Worth)
- Reviewing the processes of pricing, quoting and opening production orders in order to enhance financial and production control
Customers Collection and credits
- Setting the necessary control and criteria for customer credit limits and terms for new customers in coordination with Sales Department
- Following up collection with major customers directly or via collection section
Cash Flow
- Maintaining daily cash flow report
- Preparing Cash Flow Forecast
- Negotiating with Banks for better facilities and credit terms
- Negotiating with main suppliers for better credit terms and scheduling the current balances
Revenue Allocation / Cost centers and Reporting
- Generating monthly financial reports (for each cost center)
- Working on correct allocation of the revenue among various production department and sub-department
Main Tasks
- Maintaining G/L Accounts
- Coordinating with General Manager to maintain the four aspects of the balance score card (Financial, Customer Satisfaction, Employees Motivation and Systems Improving) based on the yearly criteria set by head office in Germany
Budgeting, Expenses Controlling and Reporting
- Preparing the Yearly Budget and discuss it with General Manager and Regional Management in Germany
- Preparing Quarterly Last Estimate
- Generating Monthly, Quarterly and Yearly Financial Reports in comparison with Budget, Last Estimate and previous year
- Supervising the expenditure in order to maintain it within the budget and Last Estimate
- Following up Collection
Equipment Sales & Financing (Price varies from Euro 65, 000 to over Euro 2 million)
- Studying the financial statements and feasibility studies of the customers in order to approve/reject financing the sales of equipment
- Negotiating with Banks and leasing companies in order to arrange low-interest financing of the customers sales of equipment
- Studying carefully any sales contract in terms of Selling Price, Delivery Date, Warranty Period, and other commitments in order to insure its profitability
- following up the shipments of the equipment and spare parts
Employees Bonus and Evaluation
- Coordinating with General Manager in preparing advanced commission scheme for the Sales Team
- Coordinating with General Manager and Service Manager in preparing advanced incentive scheme for the Service/Maintenance Team
- Coordinating with General Manager in yearly evaluating the employees in order to set their yearly commission/bonus and motivating them to improve their performance
Main Tasks
- Maintaining G/L Accounts
- Controlling the marketing and promotional expenditures in order to get its refund from the suppliers
- Planning and supervising several spot checks on the branches to catch any fraudulence in receivables mainly (many collections were done by cash via the sales reps)
- Monitoring and Controlling monthly payroll
- Generating daily cash flow report for monitoring, planning and control
Budgeting and Reporting
- Preparing the Yearly budget for the various departments of the company (Consumables, Medical, Watches, Jewellery and Transportation) and discuss it with top management and departments heads
- Controlling the budget in terms of expenses
- Generating Monthly Financial Reports in comparison with Budget and Previous year
- Preparing Quarterly Last Estimate for the various departments
Commission Scheme
- Coordinating with top management and head of departments in preparing advanced commission scheme for sales team to serve the objectives of the company
Main Tasks
- Maintaining G/L Accounts
- Reporting daily Sales, Collection, and Bank Deposit for the 13 branches across the Country
- Monitoring and Reporting the Daily Cash Flow
- Monitoring the Petty cash of the 13 branches and head Office
- Reviewing and Controlling monthly the Payroll
- Supervising Monthly and Yearly Stock-Take for all branches and main warehouse
- Controlling the Marketing and Promotional Expenditures in order to get their refund from the supplier
Budgeting and Reporting
- Preparing the Yearly Budget
- Generating Monthly, Quarterly and Yearly Financial Report in comparison with Budget and Last year
Special Task
- In year 1998, when the turnover significantly decreased due to the Tobacco customs increase in KSA, I prepared a complete Cutting-Cost Restructuring Plan for the whole organization of the Company in order to maintain the minimum acceptable profit and I supervised its successful implementation
Main Tasks
- Maintaining G/L Accounts
- Following up on Collections
- Controlling Cash Flow
- Scheduling the Suppliers Payments and negotiate re-scheduling when necessary
- Following up on the Sales returns after the end of the season
- Preparing the Salaries and handle personnel-related aspects
- Following up on the Authors' Contracts and prepare their yearly payments
- Following up on the production of the books (all were outsourced) from the design of the books in coordination with the authors until printing and binding to make sure they are available before the start-up of the school seasons
- Monitoring the Cost of the printed Books (Raw Material and Paper Cost as well as Design, Printing and Binding Cost) and negotiating with Suppliers for better prices and Services
- Controlling the sales and Collection outside Lebanon especially during the Books Exhibitions around the Arab Countries
- Generating Yearly Financial Statements Controlling the Governmental-related aspects in terms of audited reports, taxation, Social Security Payments and Documentations
Business Studies with Emphasis in Accounting in addition with several computer courses (Programing and System Design)