Finance Manager
Al Babtain Design Company+ ArchReemJ
Total years of experience :15 years, 7 Months
• Responsible for timely reporting of monthly financial analysis and management reports.
• Prepare full accounting reports, summaries, and reconciliation with relevant reports and submit them before the deadline.
• Investigate, and resolve accounting discrepancies and irregularities.
• Review monthly accounts, variance analysis, and highlight key weaknesses and recommendations for improvement.
• Provide monthly expense and cost analysis for management review.
• Prepare, monitor, and control the budget analysis and forecasting as well as comparison to ensure a realistic budget to advise.
• Handle monthly payroll and office administrative tasks.
• Processing of payments to vendors and petty cash payments perform timely.
• Provide support for financial matters in subsidiary companies and branches.
• Liaise with auditors, tax agents, bankers, government bodies, and company secretaries for all matters relating to audit, tax, and statutory requirements comply.
• Substantiates business transactions with relevant supporting documents and maintains a proper filing system and records to document transactions.
• Maintains confidence by keeping financial information confidential.
• Analyze financial information in response to queries from Management, suppliers, and customers.
• Develop and maintain thorough financial procedures for the organization and all finance records kept and secure in legislative requirements.
• Establishing goals/targets for the department and supporting team members in delivering results.
• Able to meet the reporting deadlines and requirements by priority the task is given.
• Maintain financial policies and procedures for the company.
• Provide advice and information to the Management on the latest changes in companies’ laws regulations and practices.
• To be guided by standard procedures, good practice & and precedents and is expected to understand what results or outputs are required.
• Overseeing the management of profitability, sales and cos, finance, growth, proper cash handling, risk management, and guest relations.
• Maintaining appropriate control of expenses, labor hours, operating costs, and inventory within areas of responsibility.
• Handle full spectrum of financial and cost accounting role e.g. Accounts Receivables, Accounts Payables, General Ledger, forecasting, budgeting etc.
• Responsible for day to day finance and accounts operations.
• Perform full set of accounts and ensure timely closing of accounts.
• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
• Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting.
• Review & approve payment vouchers & journal entries.
• Perform cash flow forecasting, budgeting and working closely with the operations and project teams.
• Develop and maintain internal control and effective accounting system and policies for the set up.
• Supporting Finance Manager in ensuring that intercompany cost allocations are in line with management agreements and transfer pricing policy
• Consultative with the respective departments on cost reduction initiatives
• Assisted the Financial Controller in the preparation of financial reports needed by the Owner and by the Corporate Office
• Prepared the Weekly cash flow by inputting all transactions such as accounts payable payments, bank transfers, and other accounts payroll and another disbursement.
• Sound decision-making skills and the ability to plan and priorities.
• Completed all other duties assigned by the Financial Controller and/or the Finance Manager
• Ensuring that the general cashiers daily cash count balances with the bank balance.
• The general cashiers bank must be counted at days end and count sheet must be submitted for approval
• Recording and reconciliation of all the bank accounts and credit cards transactions for multiple entities
• Reviewing A/R aging with the supervisor and commenting on accounts over 60 days. Assuring that the daily in-house guest balance is being reviewed and verified for sufficient credit approvals
• Ensuring that the daily report is ready for distribution by the end of the month, reviewing and approving the report for accuracy.
• Handling accounts payable for separate entities and vendors
• Analyzing workflow processes
• Reviewing A/P aging with the supervisor
• Establishing and maintaining relationships with new and existing vendors
• Ensuring bills and payroll are paid in a timely and accurate manner while adhering to departmental procedures
• Strong analytical and numerical skills to work out budgets and understand sales figures.
• The ability to work under pressure in a dynamic environment and to quickly identify problems and recommend solutions.
• Sound decision-making skills and the ability to plan and priorities.
• Excellent communication and negotiation skills
• The capability to work well as part of a team and to build and maintain effective working relationships with a range of people.
• Strong commercial acumen and the ability to understand what will appeal to customers.
• The work involves of handling the plants for Ready mix concrete and Ready-mix asphalt (RMC&RMA)
• Feeding issues of customers in system for both plants, Made Cash & Credit invoices of customers and also for suppliers
• Taking care of cash inflows and out flows on regular basis for both plants
• Checking the Quantities of suppliers and Payment made to suppliers.
• Preparing small budgets with the help of managers and engineers of the plants and implementing them as per the requirement.
• Also made plans for inventory control with the help of inventory control manager, checking inventory on regular basis made stock adjustments and reporting to the engineers and chartered accountant of the company.
• Monthly reporting to the managers of the company about the inventory, regular cash inflows and out flows in the plants and payment made to suppliers and received from customers
• Feeding issues of customers in system, Made Cash & Credit invoices of customers and also for suppliers
• Taking care of cash inflows and out flows on regular basis.
• Checking the Quantities of suppliers and Payment made to suppliers
• Preparing small budgets with the help of managers and engineers and implementing them as per the requirement.
• Also made plans for inventory control with the help of inventory control manager, checking inventory on regular basis made stock adjustments and reporting to the engineers and chartered accountant of the company.
• Monthly reporting to the managers of the company about the inventory, regular cash inflows and out flows and payment made to suppliers and received from customers