Finance Manager
Elite group
Total years of experience :20 years, 7 Months
Financials & Technical Responsibilities:
- Providing financial reports and interpreting financial information to management.
- Analyze costs, pricing, variable, sales results and the company’s actual performance compared to the business plans.
- Manage the preparation of the company’s budget.
- Oversee financial department employees, including financial assistants and accountants.
- Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
- Track the company's financial status and performance to identify areas for potential improvement.
- Seek out methods for minimizing financial risk to the company.
- Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
- Review financial data and prepare monthly and annual reports.
- Stay up to date with technological advances and accounting software to be used for financial purposes.
- Establish and maintain financial policies and procedures for the company.
- Understand and adhere to financial regulations and legislation.
- Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
- Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
- Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
- Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
- Develop the accounting team and work on succession & development plans.
-Full responsibility in preparing the consolidated financial statements for all regions. (UAE, Egypt)
-Preparing the consolidated Budget for all regions. (UAE, Egypt).
-Handling the cash flow reports for all companies and secure the needed cash via enhanced collection process with the team.
-Handling the sales and operation team and lead them to follow the full financial and accounting processes.
-Full financial reporting package for accounts receivables and payables in both regions (UAE, Egypt).
-Assist the external auditors in preparing the full financial statements for each region (UAE, Egypt)
-Preparing the Financial business plans and strategic budgets.
-Participates in the financial advisor training program on a full-time basis
-Help community clients realize their financial goals.
-System Implementation and training to the clients to build up their business.
-Responsible for assessing the client’s objectives in different circumstances.
-Participate in selecting qualified candidates to be entered into a comprehensive development and apprenticeship period offering a structured and supportive program
-Fully trained and supported with the tools, resources, and coaching to serve as an apprentice to the top management while providing clients with financial advice.
-Collect financial information, assess investment profile, and evaluate clients’ financial needs while providing enhanced service to deepen the relationship.
-Lead generation of new software and financial solutions
-Manage customer's license and upgrade communications.
-Implement the full accounting policies and procedures for most of the organization segments and components.
-Ensure an accurate, timely monthly, quarterly and year end IFRS Closings and generate segment wise profit & loss statements & Balance sheet statements as well as consolidated management reports.
-Ensuring sub Leger entries are closed on monthly basis and reconciliation with GL.
-Projects Management process & handling the projects cash flow reports.
-Schools Management Process and management reports.
-Revenue & Expenses recognition and analysis preparation.
-Fixed asset accounting and depreciation.
-Payroll accounting and disbursements.
-Supervise the function of 10 accountants and responsible to build up the finance team responsibility matrix and update it in quarterly bases.
-Ensures the accurate & timely completion of documents for the creation of accounts and processing financial transactions.
-Analysis and review financial model data, prepares monthly financial statements and reports for both internal & external purposes on various client projects.
-Act as the first point of contact for the auditors, and communicate with them to ensure all questions/ requirements can be answered/ delivered efficiently.
-Implement and ensure compliance of the appropriate financial and internal controls in line with the company's policies and procedures.
-Interact with all vendors, billing issues, outstanding invoices.
-Attend supervision, team meetings, training and other meetings as required.
-Manage and train staff members in line with company's policies, procedures.
-Maintain effective working relationships with company's external partners.
-Degree of input to the audit processes and success in implementing financial risk mitigation strategies.
Operations Responsibilities and Achievements:
A- Sales, Leasing and other Departments:
-In-charge to manage the Leasing and Sales processes between the Operation Departments and the Finance Department to ensure the accuracy and meeting the deadlines.
-Responsible of Sales Financial Management plan for the company and preparing the full Sales procedures and commission policy.
-Automate the leasing and the sales processes through all companies’ software(s), starting from the lead management until printing, signing the contracts, and handing over the units.
-Implementation of the sales and leasing process and cycle during the events and launches.
-Interface with other departments to verify transaction report data and issues.
-Assist in development and implementation of new procedures and features to enhance the workflow of each department.
B- Business Leadership in special project (ERP system - SAP) and Maisonette
- Lead on special projects as development and implementation of new and existing financial systems,
-this includes the following modules:
* FICO - financial and controlling
* Leasing and Sales
* MM - Material Management and procurement
* Payroll
* Facility Management
* Projects Accounts.
- Responsible of such project’s implementation from the initial stage as gathering all the company
- AS IS processes and data, Building and creating the Blueprints documents, Configuration and Realization, train the end users, until sign off the Go-Live project.
- Lead the SAP financial team and build and maintain the software structure by handling this with SAP consultants (External and Internal) and core team.
- Continues internal support to all Maisonette and SAP users.
- Develop the current modules to enhance the workflow and expedite the daily work processes.
- Planning for the upcoming phases to improve the full company structure.
-Responsible for all the cost & profit centers in the company, from creating any new component/category up to finalizing the monthly report for the company.
-Accounts Parables process and handling all the payments.
-Preparing monthly forecast report with coordination with sales department team, this to prepare the proper direct cash flow report for each branch and with the consolidated cash flow.
-Preparing the bank reconciliation & A/P reconciliations.
-Handling the inventory system for the raw material & products with the production team.
-Handling all the data in Transportation & import goods, controlling the LC’s from customers & the banks.
-Handles all the finance reports & monthly reconciliation by checking all the files (cost centers) with the profit & loss situation, shifting in the 3 of the company branches as a branch director, controlling overheads of 10000000 $ & €
-Preparing the monthly financial reports & reporting to the Finance Manager.
-Create & improve a policy for the company vehicles & drivers which is controlling the consumption of the mileage & petrol to reduce the expenses.
-Responsible for training a new accountant joining the company and handling the responsibilities for every new staff in accounts department.
-Working under pressure, shifting & handling more than 6 workstations and branches
Accounting Roles and procedures for industrial company