Finance Director
Madar Group
مجموع سنوات الخبرة :22 years, 2 أشهر
The company is a pioneer in the field of detergents across middle east , launched new investment in Egypt adding diaper industry to its basic detergent industry, thus the investment has shaped 4 segments to manufacturing detergents and one more for diaper, each segment has its own business .
Highlighted Responsibilities:
1- Run financial business for a whole of investment .
2- Develop finance visions for the investment
3- Develop Conciliated budget to reflect all activities of business .
4- Managing all aspects of finance issues including costing- cash- profitability -tax…
5- Design and develop financing models that affect decision making
6- Maintain accounting procedure, set financial policy manual .
The company considered as off shore co and is one of Ramak Group was founded to manage operations of Telecommunications companies,
Highlighted Responsibilities
1- Partner in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, payroll.
2- Using Budget Module for analyses, planning and control enterprise activities
3-Responsible on external audit at year for all accounts to get the final and adjusted Balance Sheet preparation of accounts of Receivable, Payable and Cash Flow.
4- Develop Spread Sheet Databases to present the sufficient reports to the management.
5-Staff Management
6- liaising with auditors to ensure annual monitoring is carried out .
7- Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue.
8- Keeping abreast of changes in financial regulations and legislation
*Achievements
1- Build up accounting system suitable for such type of service the company provide.
2- Budget saving reached to more than 10% of total OPEX.
The company was founded to import variety kinds of goods ranging from food and patisserie to cosmetics and luxury material to be distributed across Syria .
Highlighted Responsibilities:
1- Develop Financial Models to control, analyze joints of financial matters like A/R- Inventory -Cash and Banking.
2- Full ledger control and management
3- Develop financial management mechanism that minimize financial risk.
4-Set breakeven point for multiple SKUs to gather sales efforts for focusing on most profitability products which narrow the deficit first and pave the road into maximize profitability of the enterprise.
5- Narrowing accounts receivables balance through affecting ageing reports to enhance consequently cash position
6- Contributing in control of stock specially for these items susceptible to be expired and manage the inventory with other connected departments to avert the risk of slow moving goods.
The company is considerd as pioneer in the confectionary field in Syria, which and through 3 facilities and 1500 employees produce more than 20 premium beverage and biscuit items, distribute its products across Syria as well it has a middle east network for exporting '
The Folwoing are Highlighted Responsibilities :
1- Supervise and participates in the preparation of various financial statements and reports
2- Prepares statements and reports of estimated future costs and revenues
3- contributing for designing annual and periodic budget, contact involved departments, provide advice, also to track the variances if any .
4- Managing over bank instruments such as loans -Letter of Credits -Over Draft - Facilities -Investments
5- Monthly reconciliation of bank statements
6- Maintaining fixed assets register to ensure capitalization and depreciation; also responsible for periodic physical verification
7- Maintaining accounting information/database for volumes, revenue, cost to provide required information and variances.
8- Ensuring that all accounting transactions are recorded correctly and timely
9-Ensuring that the month-end closing procedures are followed on timely basis
10-Responsible on external audit at year for all accounts to get the final and adjusted Balance Sheet preparation of accounts of Receivable, Payable and Cash Flow.
11- Coordinating Implementation of specified modules of the new ERP accounting software (Micro Soft Dynamics)
*Achievements :
1-Contributing to optimize multi source founding to ensure ongoing growth for enterprise, by using mixture of banks instruments either short or long terms which help the enterprise to intense its cash position
2- Exercise active based cost within range of products resulting the most favourable product to sell and improve cash flow consequently .
