Self Employed
Manna Subcontractor
Total years of experience :27 years, 1 Months
- From 2018/3 till the start of the Covid-19 pandemic worked as a Private External accounts auditor for different stores & trading companies.
- From 2020/06 until 2021/3, financed & established two teams for the Fiber to the Home Project ( FTTH) managed by Nokia & owned by Orange Telecommunications Company.
- From 2020/10 until 2022/08, partnered & financed subcontracts for an Internet Infrastructure Project Owned by the Ministry of Digital Economy and Entrepreneurship. The project aims to provide high-speed Internet for government schools, municipalities, and any governmental Institutes in Madaba & Salt. We implemented 55Km length, my role was to fund project expenses & handle project accounts.
Responsibilities:-
- Implemented new Policies for the accounting Department through the authentication & documentation process.
- Restructured a new accounting tree and the disclosure of final accounting statements& reports.
- Prepared quarterly P&L account; monthly balance sheet & Trial Balance.
- Structured & built plans for projects with top management & derived financial plans for project implementation concerning cash inflows & outflows.
- Monitored projected financial plans with actual under-progress projects on monthly basis.
- Developed & worked on a new ERP accounting Software to meet company accounting requirements.
- Evolved new costing reports for Projects profitability & performance appraisal by the ERB software.
- Supervised daily accounting operations & assigned duties.
- - Build cost centers for each project separately, with the know-how, in order to compile each project's profitability from the Trial balance on a quarterly basis.
Responsibilities:-
- Set up policies & procedures for Accounts Department, for Handling Different daily operations.
- Assigned Duties & responsibilities for subordinates and trained them.
- After studying basic & main company requirements in accounts & after a deep evaluation I purchased for the company a new ERB software (Focus RT).
- Developed & customized from scratch the new software to maximize the use and benefit of the software; evolved a new accounting books structure, with formats of new 18 vouchers to serve the accounting department to generate management reports, maintenance reports, renting and vacancies reports in proper reporting formats.
- Set up the new accounts structure in correlation with other departments (renting department requirements, maintenance department requirements).
- Evaluation of new investment opportunities in the Real Estate business and other required by the owner, involving funding & financing, return on investment.
- Handling main &sub-contractors for construction projects, involving contracts preparing, reviewing, and making amendments.
- Handled overseas properties from rent collection, loan installment payments to banks, and correspondence.
Duties:-
- Prepared monthly consolidated & Individual cash flows for all our properties.
- Handled and negotiated the Bank requirements, from loan installments, re-scheduling, charges & fees in UAE, and London.
- Supervised daily operation of the accounts department, involving vouchers preparing, and posting according to policies & procedures.
- Programmed & managed the system to run on a monthly accrual basis, not on a cash basis, which is a very vital issue to knowing monthly profits.
- Review and set up the system to do monthly closing for the accounts.
- Due to the world financial crisis in 2008, the percentage of returned checks has increased to a serious level, which required firm control of them; that was reflected in the structure of accounts and additional reports which were required to be generated to control credit issues.
- Managed Private investing portfolios in the Stock Market of the UAE.
- Ability to support and advise investing decisions for Buying and selling stocks: for some portfolios I possessed the authority to implement orders.
- Experienced to understand daily Market trends & speculations of Stocks prices; able to identify entry, exit & stop loss prices.
- Prepared quarterly Financial Analysis for the different listed companies' stocks in the market: Analyses were made for the purpose of making comparisons & evaluation; they consisted of each Company's Performance Appraisal & Investing decisions concern.
- Companies Performance Appraisals analysis involved Working Capital analysis concerning cash management, receivables management, inventory management, and total cash cycle; also used liquidity ratios, leverage ratios, and assets managements ratio to identify the company's solidity to meet obligations.
- Investment decisions analysis involved the preparation of Profitability Ratios; for example, the profit margin on sales, net operating income to sales, return on investment return on common equity & return on total equity; also prepared growth ratios; for example, EPS, Dividend payout ratio, cash flow per share; finally, applied valuation ratios, for example, Book Value Ratio, Price-Earnings Ratio, return to shareholders ratio.
- Gained knowledge of how to invest in the Capital markets (Forex Market) from direct investment in the currencies using the Internet since 2003; learned how to use Economic Indicators & Technical analysis to understand market trends.
Finance & Accounts Manager
Responsibilities: -
- Established the Accounting Manual Structure & Process Operations in accordance with IAS to be best suited for the company operations & projects.
- Supervised the Day-to-Day Financial & Accounting operation.
- Utilized the knowledge of Accounting Systems to instruct & improve the efficiency of Subordinates.
- Assigned Duties to Subordinates in conformance to policies & procedures.
- Conducted & revised Credit-Terms for Customers on monthly basis.
- Handled & supported on a scheduled basis the requirements of External Auditors.
Duties: -
- Compiled Reports required by management; advised management on strengths & weaknesses of potential Financial aspects.
- Prepared Financial Studies for management for all expansion plans, new items, new production lines & machinery. The studies briefed the feasibility of expansion concerning cost, financing, sales expectation, storage, manpower needed & credit terms; all were combined & analyzed for finding Profitability, ROI & Break-Even analysis.
- Prepared, revised & compared Budgets, Plans & Cash Flows.
- Prepared, Evaluated, and Analyzed monthly reports on Working Capital concerning, Cash Management, Receivables Management, Inventory Management, & Short-Term Credit.
- Applied analysis on capital Structure for the purpose of financing, profitability, leverage & activity analysis.
- Applied Capital Budgeting techniques for supporting strategic Long-term Investment decisions; for example, payback period, discounted payback period, NPV, IRR, and MIRR.
- Prepared Projects Cash flows for, expansion analysis, replacement analysis, and major maintenance analysis, in consideration of Project Risk analysis, for example, conducting a stand-alone analysis for each project using sensitivity analysis & scenario analysis.
Senior Accountant
Duties & Responsibilities
- My duty was to handle the Accounting Books for 5 outlets in Dubai, Doha & Muscat, from scratch up to finalization.
- Negotiated & achieved bank facilities of 4.5 Million Dirhams from the National Bank of Dubai; for the purpose of financing. Total credit facilities were diversified between Bank L/C, overdraft, and T/R. & ODs. I was required to follow bank inquiries & prepare forecasted & actual Cash Flows Statements on a quarterly basis for the Bank.
- Prepared Bank L/C’s from the Issuance of L/C’s up to finalization & reporting purchases costing reports for each item.
- Organized & fulfilled the need to establish a computerized Inventory Control System for the warehouses & Outlets. The successfulness of the system required establishing an accurate & unified product bar-coding related to each product category; also it required, on daily basis, controlling & monitoring the issuance of Stock Transfers Vouchers between warehouses & outlets for the purpose of posting & adjusting stock levels in each outlet separately.
- Managed the daily cash & credit card Sales, generated from the 17 outlets through centralization of deposits. Centralization was obviously required to match disbursements of payments.
- Each brand & its outlets were treated as a separate entity for the purpose of profitability determination; this required internal accounts separation for each outlet, & accounts reconciliation for the whole company's financial statements.
- Prepared monthly Trail Balance for each shop & a Consolidated Trail Balance for all shops.
- Supervised the transferring of the Manual Accounting posting Jobs in the American Journals & subsidiaries to Accounting Software; the two systems were tested side by side for 6 months to insure equal results; then the old manual accounting process was dismissed.
- Balance Sheet, Profit & loss A/C, were prepared for each shop after the Physical Stock Taking is held every 6 months, taking into account Depreciations, Accruals, Differed Expenses & Provisions.
General Accountant
- Daily Duties included:-
1- Preparation of computerized invoices.
2- Handling daily Factory Petty cash expenses.
3- Checking daily supplied materials & quantities of aggregates & Cement.
4- Prepared, & posted daily Journal vouchers, RVs, and PVs.
5- Checking daily production reports with quantities of raw materials used for production for any deviations from standards.
- Monthly Duties:
1- Handled accounts up to finalization.
2- Developed monthly costing reports for each item production line.
3- Derived reports of monthly evaluation of produced Stock, Raw material consumption & ending inventory Balances.
4- Reconciling the Bank statement with Bank A/C books & reporting the outstanding checks.
5- Prepared the monthly Salaries, labor wages & overtime statements; prepared salary slips for each employee in detail.
6- Prepared monthly Aging analysis for overdue Accounts Receivables for collection for over 200 construction companies along with Customers' A/C statements.