Finance Director
Adeem factory
Total des années d'expérience :19 years, 8 Mois
Responsible for advising a company on how to increase profit through prudent financial practices and monitoring and enforcing compliance with finance-related laws, procedures and regulations such as vat filing and financial reporting. And Hereunder summarization of duties:
• Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company.
• Oversee the operations and development of the company’s finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures.
• Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.
• Advise colleagues and executive management on decisions related to the company’s finances.
• Supervise the documentation of the company’s financial status and forecasts.
• Mediate between the organization, employees, stakeholders, shareholders and investors on financial issues for amicable resolution of differences.
• Create strategic business plans based on the analysis of the company’s status and financial forecasts
• Managing and releasing instruction of annual inventory and reviewing financial statements end of year
• Experienace in obtaining short & long-term loans from local banks.
• Strategize on fund procurement through banks and other financial institutions.
- Monitor the day-to-day financial operations within the company (payroll, invoicing, and other transactions)
- Prepare monthly and quarterly management reporting
- Participate in strategic data analysis, research, and modeling for senior company leadership
- Support project analysis, validation of plans, and ad-hoc requests
- Manage the company's financial accounting, monitoring, and reporting systems
- Ensure compliance with accounting policies and regulatory requirements
- Ability to synthesize large quantities of complex data into actionable information
- Ability to work and effectively communicate with senior-level business partners
- Excellent business judgment, analytical, and decision-making skills
- Knowledge of financial reporting and data mining tools such as SQL, Access, etc.
- Strong demonstrated use of Excel, Word, and PowerPoint
- Collate and prepare for invoices with supporting documents, in time to meet payment deadlines.
- Assist with the compilation of monthly reports to include but not limited to, weekly Ops reports and monthly executive reports and customer contract reports, for submission at the appropriate time.
- Raise orders and prepare quotations and make sure that all the additional works invoiced in same month.
- VAT input and output preparation, completion, review and submission of VAT returns within the filing deadlines and in compliance with the local VAT lows and policies.
- prepare monthly exception reports to identify any unusual VAT transactions, regular reconciliation of the VAT control accounts and records.
- Pro-active financial and commercial management for existing business emanating from the contract.
- Update the project accounting function in respect of CAPEX purchases, payroll and contract operational expenses. provide information to the country finance team to issue invoices on a timely basis.
- Raise MRF/SRF, orders for supply chain (goods and services) as required and review invoices received & match off against PO/delivery sheets.
- Submit adequate and timely information to project FM to ensure preparation of monthly report for actual revenues, transfers, and expenses.
- assist in the collection of the outstanding monies from the client as and when due.
- assist in maintaining a financial record of company's & client's assets and ensure verification and custody of the assets.
- Ensuring timely reporting to country finance department.
-The Accounts System Great plane .
-Provide a management weekly & monthly reports.
-Monitoring & Controlling all receivable in daily basis.
-Following with collectors depending a customer's payment term.
- Coordinate & communicate with customers to clear billing issues.
-Review & approve all received purchase orders by matching with quotations.
-Following with billing accountant's to avoid any delay in invoicing.
-Following with stock peoples to avoid delay & penalties in delivery items.
-Review all invoices & claim files before submit to a clients.
-Process Dr-Cr memos which approved by management.
-Review & approve a bank reconciliations report in monthly basis.
-Checking all clients accounts on GP and send a balance confirmation letter.
-Checking & review an opened purchase orders on GP.
-Review sales report each quarter and submit it to a management.
-Preparing yearly sales commissions depending a management commissions' plane.
-Managing, Directing & leading all accountants to do them duties by perfect way.
-Evaluate Accountants team By calculating the points of personal skills & creativity and accomplish the tasks careers.
-Working on Iscala System.
-Prepare G.R.C. Project costing and revenues billing, also (work in progress reports preparation, & cost of goods sold).
-Follow up with (projects erection managers and clients) for billing process completion
-Checking delivery orders of finished goods to project sites and approval under the terms of billing contracts.
-Controlling projects budgets and actual versus budgets reporting & variances analysis.
-Projects budgets preparation and presentation to management and project managers (Revenues accounting, assure accurate billing prices, AR collections follow up and aging reports preparation, production, erection commissions calculations and year end customer accounts confirmation).
-Prepare a reconciliation of export sales with LC amounts and make a backlog file to control the billing and collection progress.
-Cash flow forecasts preparation.
-Prepare financial charges calculations and LC’s opening and closing.
-Production costing of similar products.
-General expenses transactions booking (Direct expenses and indirect expenses) and follow up.
-Working on ERP (JD-Edward) & mainframe System.
-Contact with suppliers (foreign & local) by (e-mail-phone-fax) to provide me with monthly statement of account.
-Preparing monthly financial commitments report (for foreign suppliers) with foreign currency.
-Preparing weekly forecast report (for local suppliers) with local currency
-Follow-up and verify entries of (costing accountant's) by comparing value of actually received items in warehouses on system with the invoice received from supplier and linked to accounts of suppliers.
-Prepare reduce costing for items as of credit notices received from supplier in coordination with sales department.
-Monitors suppliers accounts by reconciles the accounts regularly monthly and create file for each supplier to make Necessary adjustment & follow variances.
-Prepare foreign telex transfer as of due date, and follow-up with bank to get confirmation of receipt amount and record it in system.
-Issuance a cheques for local suppliers.
-Matching payments against invoices.
-Follow-up due date of (international credit letters) with bank, and record a debit advises on system.
-Preparing adjustment entries of foreign currency on system.
-Verify & confirm accounts payable balances with trial balance.
-Supervising on annual inventory.
-Working on ERP (oracle application) & Vision System.
-Update prices for Ksa Outlets.
-Prepare to finalize bank reconciliation’s report and other monthly reports
-Controlling all manual invoices, and monitoring, directing the stock take on outlets & making randomly stock take during month.
-Following with management regarding deduction of shortage in stock.
-Monitoring & Controlling all receivable from outlets to deposit on time in daily basis.
-Prepare monthly incentive statement for sales & marketing team.
-Coordinate & communicate with Retail Sales Managers' to solve & finalize all issues of outlets.
-Managing, Directing & leading all accountants to do perfect job and made approvals for correct transactions by system in daily basis.
-Provide weekly & monthly report to management.
-Working on Great plane System.
-Monitoring & Controlling all receivable from outlets to deposit on time in daily basis.
-Coordinate & communicate with Retail Sales Supervisors’ to solve & finalize all issues of outlets.
-Prepare to finalize bank reconciliation’s report and other monthly reports.
-Prepare purchasing orders (by item on system) after receiving requests from sales dep. And following with stock keeper till confirm receiving inventory and close order on system such as physically.
-Record and maintain all day to day accounts for The Company in SMACC Accounting system.
-Prepare Daily Sales Report.
-Prepare and control Petty Cash & Formatted.
-Monitors Bank accounts daily and reconciles the accounts regularly every week.
-Monitory inventory.
-Issue a payment of cheques, collection of cheques from the customers ... and handled general administrative duties, such as filing, faxing, copying and mailing.
University- Bachelor's Degree