Accounts And Finance Manager
العيسى التجارية
Total years of experience :20 years, 10 Months
I have led my team to Finalizing audited Financials, I was revising the drafts which it sent by the auditor and approved it as company goals. assisted the external auditor to reporting an Opinion about the financial statements of the company.
I have made Risk Assessment, I was providing Reports for higher Management about probable Risks (Operational and Compliance) and how can we manage it by averse, mitigate or accept.
about the Compliance with Zakat & Tax Authorities I solved all issues and assessments, I have worked to close years 2015, 2016, 2017, and 2018 assessments.
as Finance Tasks, I am supporting the Operational Leverage and Working Capital Management and decrease the Fund Gap (Cash Cycle Days). In Borrowing I was a coordinator between Banks and the company.
in Budgeting Process, I am the key member, and I reported about the Optimal mix Product which achieves high Profitability and Breakeven point of sales, the sales Target as Seasons, Areas. and then translating to Financial Budget and Cash Flow Forecast.
I am reviewing Cost structure to assist in Pricing Process.
I am supervising the monthly Closing to provide Reports about Actual Performance, Variances analysis, Responsibility Accounting, and Segment Reports .
Ensuring that cash flows are adequate to allow business units to operate effectively;
Forecasting cash payments and anticipating challenges arising from limited cash flow;
Maintaining our accounts system;
Preparing and presenting financial reports for meetings and investors;
Working with executives and business heads to prepare budgets and track profit / loss performance by business unit and on consolidated basis;
Creating solutions to new financial challenges by applying financial/treasury knowledge;
Liaising with other departments and business units on a range of issues;
Providing advice on financial matters impacting on the company as a whole;
Taking responsibility for, and supervising the work of, more junior members of staff;
Preparing financial reports and submissions to relevant government entities;
Arranging financial audits and reviews as required;
Banking money and cheques received and issuing receipts as requested or needed;
Processing credit card payments received and transferring money from Payable accounts;
Maintaining and transferring money between bank accounts as required;
Payment of invoices and fees as required or otherwise instructed;
Recommending and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities
Highlights:
• Demonstrated proficient knowledge of full spectrum of accounting operations like preparations of financial statements/reports, analytical reports, budgeting, bank reconciliation, MIS, AR, AP, GL, forecasting, cash flow, and ensuring timely closing of accounts.
Key Responsibilities:
• Collaborating, preparing and compiling all financial data acquired from various business activities required for preparation of various financial statements to facilitate in planning and forecasting organization’s budgets/policies/processes/plan.
• Reviewing and verifying all profit and loss statements, balance sheet, ratio analysis, cash flow, capital budget statements, and ensuring their conformance to all regulatory and legal policies, organization’s adopted procedures and guidelines and GAAP.
• Provisioning an array of analytical reports like budget variances, financial reports segments reporting (profitability of product, areas, customer and divisions) to ascertain the financial stability/liquidity/growth of the organization.
• Administering costing of new products, annual revision of standard costs, cost-volume-profit analysis (break even analysis) and capital budgeting in addition to periodic reporting to management regarding the financial statues of the organization.
• Facilitating smooth execution of annual/quarterly audits of the organization, and coordinating with external auditor to perform the audit duties, ensuring that the audit recommendations and conclusions are effectively implemented.
• Communicating effectively with Zakat & Tax advisor for computing and filing of tax returns and offering vital inputs on tax saving opportunities, while adhering to deadlines.
• Fostering an environment of internal control, streamlining business process to fine tune the financial summary and ensuring smooth accomplishment of organization’s financial targets.
• Building and managing high performing accounting teams - hire qualified candidates; create high performing teams and managing these teams to their highest performance, reaching the organizations established goals.
• Proficiently implementing responsibility accounting system, safeguarding organizational assets at all times, ensuring timely execution of liabilities, and offering strategic recommendations for conflict resolution.
• Sustaining a strong working knowledge of accounting standards and policies, marketplaces, including regulatory trends, general economic conditions, and other relevant information to maintain professional ethics standards.
Key Responsibilities:
• Handled full operational remit of all accounting functions e.g. preparing entries, general ledger postings, formulating financial statements, balance sheets, bank reconciliations and maintained and updated accurate financial databases.
• Examined and analyzed accounting records, financial statements, and other financial reports to verify accurateness, totality, and adherence to organizational/legal/regulatory standards & procedures.
• Verified and recorded staff pay roll, registered staff advances, annual leave and indemnity, labor cost allocation, for smooth disbursement of staff salaries and other obligations.
• Liaised largely with bank to perform bank transactions like cash withdrawals, deposits, distributing checks, monitoring check requests, resolving bank fee anomalies, interbank transfers, etc.
• Judiciously handled petty cash of the organization, disbursed request for office expenses after formal verification and requisite approvals from seniors.
• Closely moderated movements in fixed assets of the organization analyzed and updated detailed schedule of accumulated depreciation and posted the same to accurate ledger accounts.
• Developed a rigorous follow-up mechanism for receiving timely payments from debtors and facilitating timely payments to creditors after formal verification and approvals.
• Generated various MIS reports, computed key financial indicative ratios & other financial information for strategic analysis & interpretation by top management on regular basis.
Key Responsibilities:
• Prepared an array of financial statements, reports, reconciled bank cash flow statements, issued trial balance on monthly/quarterly/yearly basis, and assisted senior accountant to execute various accounting functions.
• Scrutinized figures of financial statements, postings, and documents for accuracy and conformance to various accounting/organization/legal standards, policies and procedures. Maintained financial security by establishing internal controls.
• Mediated with banks, customers, suppliers, furnished all the vital statements required by them on time, maintained a formal follow-up to receive payments and ensure that all checks/payments are supported by mandatory approvals.
• Maintained requisite documents, files, databases, etc. and verified accuracy of financial statements and other accounting documents. Compiled data and prepared variety of reports.
• Fostered implementation and maintenance of accounting control procedures, streamlined business processes wherever necessary and thus, enhanced the operational efficiency of the company with adherence to its policy & methodologies.
Other Professional Experiences
• February 2007 - August 2007, Small Business establishment, Riyadh, Kingdom of Saudi Arabia.
- Implemented Accounting Records and prepared Journal Entry for two Firms.
Managerial Accounting ( Budgeting, Costing, Reporting, Internal Control and Financial Statements Analysis)