Finance Manager
Tahara Manufacturing Company. www.pureco.sa
مجموع سنوات الخبرة :10 years, 6 أشهر
Financial modeling and business planning.
SWOT analysis on new business opportunities.
Projected Income statement preparation.
Capex and Opex estimation.
Budgeted Income statement and follow up.
Sales and marketing budgets overview and approval.
Micro and Macro budgeting.
Budget vs Actual variance analysis.
Credit risk management and analysis.
Receivable management and bad debts risk analysis.
Payable KPI’s and management.
Financial statement preparation.
Shareholders equity management.
Loans management.
Fixed Assets Management.
To get Financials prepared for external Audit.
Provide accurate and timely financial information and advice to the CEO in order to support business decisions and strategically enhance TRB financial performance and business opportunities.
Contribute to TRB strategic plan to widen the scope of its current activities and create a new business model, develop business plans and programs.
Review all loan proposals and provide relevant financial analysis and KPI to help the CEO to select the most credit worthy loan. Monitor the timely repayment of such loans and take relevant actions.
Manage the bank accounts and credit line and monitor the reconciliation with accounts. Ensure the financial probity and effective use of funds of the Company by establishing relevant procedures to deal with cash, purchasing payment and monitor them.
The annual estimated budget of TRB at the determined times. Control and monitor its monthly execution by providing a detailed analysis of deviation of actual v. budget. Control costs to minimize them. Contribute to the development and implementation of a proficient financial planning and control system for TRB.
Prepare the accounts of TRB (P&L, balance sheet, cash flow statement) on a quarterly basis. Ensure all financials are maintained properly.
Ensure that effective financial internal controls are in place and ensure compliance with the TRB policies and procedures. Enhance the current policies and procedures as needed.
Provide the board with clear and accurate financial performance and review presentations.
Ensure that TRB comply with all its tax obligations.
Ensure that all finance services are delivered in accordance with the defined quality standards, timing and pursuant to TRB policies and procedures.
Review annual statements and trial balance and submit to auditor for TRB financial audit.
Company Profile:
Gulf Association Trading Est. (GATE) is Local enterprise registered in Saudi Arabia, formerly was Material supply department of Raidat General Contracting & Trading Company founded in 2005. Over a decade not just on General contracting, but also focus on materials supplying service for targeted projects in Saudi Arabia and providing strong supports and excellent services. Especially the needs of the building and construction industries of Saudi Arabia, working closely with our esteemed and valuable Customers as strategic business partners.
Key Responsibilities:
•Daily business transactions recording.
•Creating Chart of accounts and assigning codes to each new vendor or customer.
•Paying for purchase orders issued to vendors through online banking, Cash, and cheques.
•Recording purchase vouchers against materials receipt.
•Managing Logistic to deliver materials to customers destination.
•Issuing cash and credit Invoices to Customers.
•Updating receivables and payables, follow up collections through aging technique & create periodic statements.
•Collection and recording of cash, TT and cheque payments from customers.
•Managing Petty Cash used for routine cash dealings.
•Forecasting cash payments and anticipating challenges arising from limited cash flow.
•Paying Rental Expenses and recording periodically.
•Paying and recording business related utility bills.
•Preparing quarterly VAT report and submitting payment to Saudi Tax Authority.
•Preparing Trial Balance reports.
•Preparing Income Statement report.
•Maintaining General and subsidiary ledgers.
•Collect information and prepare payroll payments for employees.
•Recording Depreciation expense at end of each year.
•Prepare monthly account reconciliations.
•Working as acting Finance Manager in case of his vacation.
•Handling import and export sales and purchases account of suppliers and customer.
•Preparing import and export documents and coordinating with custom clearance agents.
•Preparing and proposing cost cutting measures and actions.
•Develop and enforce sound policies and finance structures for the growth of the company.
•Managing Domestic and international Logistics.
•Assisting on administrative work related to Visas, Iqama and Chamber of Commerce.
Worked on Projects:
Project:
Client:
Ma’aden Phosphate Project - Waad Shamaal Turaif
Sinopec Engineering Group Saudi Co. Ltd.
HQC
Hanwha
Fadhili GAS Pipeline Project - Jubail
Nishat Mills Limited is the flagship Company of Nishat Group. It was Established in 1951. It is one of the most modern, largest vertically integrated textile company in Pakistan. Nishat Mills Limited has 198, 120 spindles, 655 Toyota air jet looms. The Company also has the most modern textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and Power Generation facilities with a capacity of 89 MW. The Company’s total export for the year 2014 was about US$ 432 million. The Company's production facilities comprise of spinning, weaving, processing, stitching and power generation.
Key Responsibilities:
•Day to day Accounting.
•Update receivables, follow-up collections & generate periodic reports.
•Booking of all vouchers (Sales, Purchase, Supplier Payments & Customer Receipts)
•Preparation of cheque or transfer payments to Suppliers.
•Applying Costing Techniques to buy Raw Materials to fulfill the contract requirements.
•Find best product for the best price, from reliable vendors.
•Assure that the acquisition of all goods or services will meet the requirements of the contract.
•Track and maintain proper levels of stocked inventory.
•Initiate and implement process improvement initiatives for department.
•Performing Administrative works.
•Study of ISO documents.
•Preparing Staff and Workers Salary Sheet.
•Observing the internal and external financial audit.
•Managing Logistics to make delivery smooth.