Assistant Finance Manager
Pure Health
مجموع سنوات الخبرة :24 years, 3 أشهر
Prepare group consolidated financial statement and ensure the completeness of financial reports. Review financial results against the budget and investigate the variance to help develop strategies to minimize financial risks.
•Participates in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business.
•Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company.
•Create strategic business plans based on the analysis of the company's status and financial forecasts.
•Liaise with internal and external auditors on auditing requirement
• Manage Group’s consolidated financial reporting process and constantly evaluate and rationalize the way of presenting financial information and statistical reports to the management.
• Lead the Group’s budgeting process and ensure the completeness, accuracy, detailed analysis of every line item in the budget and forecast by comparing it with actual results of operations to recommend better operational procedure and strategy.
• Support the Group’s management on formulation of business strategy by providing constructive input to meet strategic objectives of the company.
• Scrutinize the financial performance of the Group by focusing on achievement in comparison to the allocated targets and guide the performance management team to ensure achievement of business targets.
• Analyze Group’s business financials to evaluate the potential and viability of business projects and advice the management team in accordance with the company’s investment guidelines.
• Ensure the Group’s compliance with IFRS and monitoring the adequate internal checks and control systems for the company assets and its activities and the implementation of policies and procedures across the company for better operational flow.
• Monitor Group’s cash flow, analyze the variance versus the budgeted inflows and outflows, and recommend the best possible cash management plan base on the current set up and operational requirements.
• Liaise with Group’s internal and external auditors on auditing requirement
Maintain and improve complete accounting records for the company. Follow-up to determine adequacy of corrective actions.
•Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
•Provide senior management with monthly financial package and analysis so that trading variances can be understood and corrective action taken.
•Maintain accurate records of correspondence, lease information, file notes on all meetings and any other relevant information that should be maintained to provide a proper audit trail.
•Ensuring that all required insurance premiums are paid by the due date and that an annual review of all insurances is undertaken to ensure that the store, its fixtures and fittings, plant and equipment and other insurance coverage is adequate.
•Develop, plan and executes on the spot audit for the store/outlet book's from time to time, in accordance with accepted professional standards in order to determine compliance with company's policies and procedures and adherence to applicable laws and regulations.
•Provide assistance to external auditors as requested. Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
•Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions to confirm records are accurate.
•Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
•Prepare annual budget to be used as the measurement for company's growth.
•Prepare cash projections report for a certain period of time to maximize the company's resources and allocate needed funds for the operations.
•Responsible for full accounting transactions for 5 cinemas in UAE:
1. Grand Cineplex near Wafi Mall
2. Grand Megaplex 21 -IBN Battuta Mall (Imax)
3. Grand Cinecity - al Ghurair Centre
4. Grand Al Mariah - Abu Dhabi
5. Grand Galleria
These includes accounting entries from daily collection, disbursement, purchases, receipts, bank reconciliation, analyst of individual account, credit card transaction analysis, petty cash, payroll preparation and up to finalization accounts for top management.
•Preparation of film statements for the film suppliers like Four Star Films-Beirut (UIP titles), partnership accounts (Eagle Films USA, Jaguar Film Distribution Lebanon, Falcon Films), independent companies from US, Europe, Canada (Imax Royalties) and Australia.
•Spot check /Audit the cinema to determine the compliance of with prescribe internal control.
•Responsible for the maintenance of inventory system for special interest video of the company which includes regular update of rights, monthly recognition of income, receivable, payable and related expenses (production, ads and promo & manufacturing cost), preparation of request for incoming finished goods and labels and reporting of royalty to the artist involved in the production.
•Preparation of monthly TV and Cable Rights Income and its forecast for the entire year or as needed by the management. This includes maintenance of inventory, accounts receivable, collating related matters to income.
•Check Accounts Payable Voucher and ensure accuracy, validity of attachments like Official Receipts, Sales Invoice, Inventory Materials Requisition, Delivery Receipts and approval of designated officers.
•Preparation of monthly consolidated financial statements for Viva Entertainment Group
•Supervision of the accounting staff and monitor compliance on their respective job assignments.