Financial Manager
Al Yousifi Engineerin
Total years of experience :31 years, 5 Months
Manage JV operation 374 M USD Project
•Able to work on multiple projects simultaneously
•Manage optimal internal control structure of financial and accounting systems
•Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company
•Forecast cash flow positions, related borrowing needs, and available funds
•Report to management on variances from the established budget, and the reasons for those variances
•developing and managing financial systems/models
•working as a PMP for SAP S/4 HANA 1610 (FPS01) on premises
Working as SAP FICO consultant for SAP S/4 HANA 1610 on premises
First in Kuwait to implement S/4Hana 1610
Model implement MM-PS-FICO- SD ( except Settlement Management )
down payment cycle ( purchasing and SD ), billing plan, budget, availability check ( stock and fixed assets )
2 companies ( one USD currency, other one in KWD
Excellent Support experience in trouble shooting, investigation and
resolution of Issues
Providing support to end users
Ticket resolution and answering how-to questions
Responsible for making changes, migrating them, completing the ticket and communicating the change to the level 2 support person, who can then resolve and close the call.
Co-ordination of problem tickets with offshore resources (functional as well as technical) to ensure that the tickets are resolved
Preparing the configuration rationales for FI and CO and validating the configuration
Worked in Full life cycle implementations, Rollouts, Support and Upgrade projects
More than 5500 employees
www.cgc-kw.com
•Development and implementation of operational and accounting processes and procedures. Manage on-going process improvement projects.
•Develop and document business processes and accounting policies to maintain and strengthen internal controls .
•Optimize and maintain all accounting IT/transaction processing functionality, efficiency and interconnectivity including payroll software, accounting software, consolidation/budgeting software, etc.
•Manage optimal internal control structure of financial and accounting systems
•Ensure quality control over financial transactions and financial reporting
•Training for about 30 Accountants, 10 store keepers, 5 quantity surveyors
•Analyzed the existing legacy system; gathered functional requirements through user meetings, gap analysis, and participation in process improvement teams; produced the functional requirements document
•Designing business processes and identified areas to streamline processes in multiple functional areas. The scope of the work and responsibilities involved relating to SAP - Finance (FI)) and controlling (CO) modules and all other implemented modules
•Developed complex business design for all finance (FI/CO ) process incorporating gaps, interfaces, reports, enhancements and data conversions from the legacy system
•Used LSMW tool for data conversion, field mapping and uploading data for 30 projects
•Assigning WBS to all the stock available in the company
•Assigning WBS to All the balance sheet and income statement items
•Using work around to migrate the old balance from previous years to enable the reporting from one source
developing financial management mechanisms that minimise financial risk.
conducting reviews and evaluations for cost-reduction opportunities.
researching and reporting on factors influencing business performance
managing a company's financial accounting, monitoring and reporting systems;
liaising with auditors to ensure annual monitoring is carried out;
producing accurate financial reports to specific deadlines;
keeping abreast of changes in financial regulations and legislation
Responsible for establishing and executing internal controls over the company’s accounting and financial procedures. This includes reviewing and approving all Vendors invoices to be paid, as well as reviewing accounts receivable aging reports. Focusing on ones that are 45 days to 60 days overdue.
Inventory control, including: provisioning for slow-moving and obsolete stock items and coordinating annual stock counts
Ensure that the credit control of the company is effectively handled and to notify the relevant Finance Director/GM of any transgressions or risks
Supervision of accounting functions, to ensure: Day to day running of accounting function, including input to and control of books of prime entry including purchase ledger, sales ledger, payroll and cashier functions.
Negotiating lines of credit and vendor agreements, as well as reviewing all financial contracts, financing agreements and insurance policies
Responsible for controlling inter-company reconciliations
. Responsible for providing assistance to Auditors in order to facilitate their activities
Manage financial risks related to foreign exchange positions
Reviewing and interpret results for the relevant divisional and group finance director/GM, and ensure that any issues are highlighted to the relevant finance director/GM
Develop and maintain internal controls for key processes ensuring all financial reporting controls are operating effectively.
Manage financial information systems monitoring and controls.
Coordinate and direct the preparation of the budget and financial forecasts and report variances
Develop and document business processes and accounting policies to maintain and strengthen internal controls
Manages segment implementation of corporate accounting-related initiatives
Manages segments preparation of the annual operating budget
Prepares ad hoc reports and works on special projects as requested
Enhance cost control through management of cost accounting
Oversee all subsidiary accounting, policies, procedures, and control systems
Working as internal auditors doing the routine work for auditing all the accounting procedures using oracle financials and develop a new interface to control the demos of software and hardware to assure the return of the equipment and stooping the services on the right time
as internal auditors doing the routine work for auditing all the accounting procedures using oracle financials and develop a new interface to control the demoes of software and hardware to assure the return of the equipment and stooping the services on the right time
work in payroll department
specialization in Accounts. Passed in