Financial Advisor
Experts Group
Total years of experience :17 years, 9 Months
- Setting the overall financial & accounting policies & procedures.
- Coordinating with each company’s Finance Manager, managing / supervising the overall accounting & financial processes of the group.
- Coordinating with banks to obtain the required facilities.
- Maintaining a monthly / yearly division-wise as well as consolidation level cash-flow statement and evaluation of the group’s credit policy.
- Comprehensive financial monthly report ( to the BOD)
- Preparation of semi-annual and year-end financial statements.
- Part of formulating the company’s future decisions and strategies
- Monitor and direct the implementation of strategic business plans
- Coordinating with the different departments to develop the departmental budgets
- Consolidation of budgets and targets on the Holding level
- Review of the achieved results vs. set budgets and targets
- Creating the company’s policies & Procedures.
- Conducting the required financial analysis
- Liaising with banks to secure the proper facilities
- Monitoring the capital structure of the company to maintain the proper leverage ratio
- Monitoring and reviewing the operational report of each subsidiary
Management Accounts Preparation
- Process income received journals, ensuring these correctly reflect the income recorded in the Society’s fundraising database, and account for any donor restriction or earmarking.
- Prepare month end accruals and prepayment journals.
- Produce monthly management accounts ensure accounts reconcile to nominal ledger.
- Produce Balance Sheet and cash flow statement as required.
- Working with the Business Analyst to update the format of the management accounts or other reports.
- Produce local management accounts for national Councils where applicable.
- Analyse variances and explore potential problems with line. managers. Make appropriate recommendations and advise of the impact on the Society.
- Undertake forecast variance analysis at agreed intervals during the year in conjunction with budget holders.
Planning and Budgeting
- Assist the Business Analyst with the planning and budgeting process.
- Provide training to budget holders so that they understand key financial concepts.
- Ensure all budget holders understand the financial information they are sent every month and to answer questions they may have.
- Assist budget holders with preparation of budget templates.
- Collate budget holder planning and budgeting information.
- Produce the budget book. Job Description - Financial Analyst
Provide financial information service to management
- Produce reports for the Head of Finance and Business Analyst.
- Produce reports for Finance Committee and Executive Group.
- Investigate possible cost saving areas.
Financial Support
- Provide all budget holders with up to date information in relation to their budgets.
- Under the direction of the Business Analyst or Head of Finance, produce ad-hoc information on the Society’s finances to the Executive Group.
- Write and format accounting reports, in order to improve accuracy of information produced and overall departmental performance.
- Working with the Branch Accountants, advise branches on the best use of funds.
- Assist with financial training throughout the Society.
- Work with Supporter Services to ensure the income recorded in the Society’s fundraising database is reconciled to the accounting system.
- Work with the Research team to ensure research grant commitment schedules are reconciled to the accounting system.
- Setting the overall financial & accounting policies & procedures.
- Coordinating with each company’s Finance Manager, managing / supervising the overall accounting & financial processes of the group.
- Coordinating with banks to obtain the required facilities.
- Maintaining a monthly / yearly division-wise as well as consolidation level cash-flow statement and evaluation of the group’s credit policy.
- Comprehensive financial monthly report ( to the BOD)
- Preparation of semi-annual and year-end financial statements.
- Part of formulating the company’s future decisions and strategies
- Monitor and direct the implementation of strategic business plans
- Coordinating with the different departments to develop the departmental budgets
- Consolidation of budgets and targets on the Holding level
- Review of the achieved results vs. set budgets and targets
- Creating the company’s policies & Procedures.
- Conducting the required financial analysis
- Liaising with banks to secure the proper facilities
- Monitoring the capital structure of the company to maintain the proper leverage ratio
- Monitoring and reviewing the operational report of each subsidiary
- Identifies and evaluates the organization’s risk areas and provides key input to the development of the Annual Audit Plan.
- Identify significant processes, develop audit objectives and prepare the risk assessment for each audit assignment and present to the Management for review and approval.
- Prepare budgets and audit schedules for each audit assignment and present it to the Management for review and approval
- Performs audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures
- Conducts interviews, reviews documents, develops and administers surveys, composes summary memos, and prepares working papers.
- Identifies, develops, and documents audit issues and recommendations using independent judgment concerning areas being reviewed.
- Supervises and direct the work of Internal Auditors through constant coordination and monitoring of work in progress.
- Communicates or Assists in communicating the results of audit and consulting projects via written reports and oral presentations to management and the Committee.
- Participate in the development of subordinates by setting performance targets and monitor their performance.
- Pursues professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers.
- Represents Internal Audit on organizational project teams, at management meetings and with external organizations.