GROUP FINANCIAL MANAGER
Almajal Alarabi Holding Group
مجموع سنوات الخبرة :17 years, 9 أشهر
• To be in-charge of the Business Unit’s financial accounts and systems, revenue recognition and general accounting policies and procedures.
• Ensure the timely completion of monthly, quarterly and annual financial statements of the Business Unit.
• Manage and prepare annual budgets for the Business Unit and perform periodic cost and productivity analyses on the same to ensure compliance with budgetary guidelines.
• Develop budgetary models, policies and procedures, budget benchmarks and budget savings plan and proposals.
• Develop and maintain a cash management program to ensure an adequate working capital and return on cash balances addressing the investment needs.
• Manage all aspects of corporate financial business processes in compliance with applicable laws and regulations.
• Perform special job-related management financial reports as needed.
• Serves as a strategic partner to the business unit Presidents, assisting with business strategy on a variety of financial related topics.
• Manages activities of staff engaged in the short- and long-range financial planning and budgeting of labor and expenses for assigned business unit.
• Manages Business Unit activities to promote profitability and ensure accurate budgeting and financial planning. Oversees development of mathematical models used in cost benefit analysis, short- and long-range projections and forecasts.
• Establishes department goals and action plans. Monitors and reports on progress in completing projects and accomplishing goals. Resolves complex issues and problems as needed.
• Helping organisations to solve issues, create value, maximise growth and improve business performance. Using my business skills to provide objective advice and expertise and help an organisation to develop any specialist skills that it may be lacking. Primarily concerned with the strategy, structure, management and operations of an organisation. Identifying options for the organisation and suggest recommendations for change, as well as advising on additional resources to implement solutions. Operating across a wide variety of services such as, Business Strategy; Marketing; Financial and Management Controls; Human Resources; Information Technology; E-Business; Supply-Chain Management.
• Had worked and assisted several SMEs within the Kingdom with several sectors including; Retail, Contracting, Investment Banking, Insurance, and Trading.
• Being the MENAFA (Middle East & North Africa Franchise Association) KSA Representative to assist, manage, and consulate to whom is looking to obtain a franchise agreement through the Association.
• Prepare statutory accounts in accordance with IFRS
• Full accounts prep, trial balance, ledger management
• Cash flow management of the project, preparing cash flow reports in coordination with the cost consultants, and heads of departments for preparing updated forecasts
• Liaise with both internal and external auditors
• Liaise with tax consultants for timely tax filing, tax strategy and planning
• Cash management of the project, and accurate cash flow forecasting
• Prepare budgets for operations and development activities, and prepare budget reports
• Reconcile the records with vendors and clients on a timely basis
• Prepare bank reconciliations on a monthly basis
• Assist in implementing the accounting system for the project, in coordination of the group accounting system implementation
• Prepare policies and procedures for the project in coordination with the group policies and procedures
• Prepare cash calls from partners, and prepare partners accounts
• Coordinate with the banks for drawdown of loans, and reporting on covenants
• Prepare P&L forecasts for the project as part of the corporate model forecasting of the group
• Prepare miscellaneous reports as requested by management
Position Requirements
I'm equipped with the relevant skills and tools to write Comprehensive Financial Plan for my clients in areas including:
• Financial portfolio advisory, construction and management
• Private Client Wealth Management and Asset Allocation Planning
• Wealth Distribution and Estate Planning
• Group and Employee Benefit Consultancy
• Corporate Financial Planning
1. Has helped in establishing & creating the chart of accounts.
2. Has established several accounting processes in the bank such as payment process, purchasing process, staff expenses reimbursements process, and month end closing process.
3. Has associated/supervised creating, applying, and implementing of several banking modules within the bank’s system such as Account Payable Module, Fixed Assets Module, Transfers Module, and Draft (manager) Check Module.
4. Coordinates the preparation of the bank's annual budget and periodic forecasts to address the bank's strategic and tactical operating targets.
5. Has assist the other finance functions to ensure compliance with best practice accounting principles for the bank budgeting.
6. Has helped in developing and maintaining the bank general ledger system and chart of accounts in co-ordination with IT operation team.
7. Has prepared the quarterly and annual financial statements with coordination with the other sections in finance.
8. In charge of financial accounting and statutory reporting.
9. Have a regular and close co-operation with many other support functions (compliance, legal, operations, shari'a) as well as the front office business areas and top management.
10. Takes in the production of month end balance sheet and P & L to strict deadlines, as well as the completion of the year-end statutory.
11. In charge of all Head Office payments and payables from purchasing to settlements.
12. Liaises with internal and external auditors and assists with inquiries.
13. Maintains and updates the accounting schedules for the purpose of month-end closing.
14. Maintains and updates fixed assets register.
15. In charge of the weekly, monthly, quarterly, annually regulatory reporting to Qatar Central Bank.
1. Provide assistance to supervisors/managers in planning the assignment including sending confirmations, preparing the client assistance package, etc.
2. Prepare planning memo and audit guides with the supervisors/managers incorporating details of the audit approach and scope.
3. Provide assistance to seniors in preparing for the engagement including preparing and mailing confirmations, gathering the prior year's files.
4. Assist seniors with completing audit forms on Caseware/Caseview including ensuring it incorporates the latest templates and preparing letters in a draft form.
5. Inquire of the senior about any tests or procedures that may be unclear throughout the audit.
6. Discuss with the seniors any matters encountered that may adversely affect the outcome of the audit. In addition, discuss issues with the senior that may require modification to the audit plan.
7. Gather all pertinent information for the notes to the financial statements and draft the notes that are relevant to your sections of the file.
8. Gather management letter points for discussion with the managers/partners and review the prior year's reported management points (if any) to determine their current status.
9. Prepare the first draft of the management letter for the manager/partner's review incorporating client comments.
10. Ensure that all confirmations are received and follow up on ones that are outstanding.
11. Summarize agreements/documents; identify all relevant points.
12. Complete the tax matters schedule (if any) where it relates to your section of the file.
13. Initiate discussions with either the senior, supervisor or manager to make him/her aware of the status of your sections.
14. Monitor the time spent on any individual section of the file by recording actual time incurred.
15. Accumulate questions for the client and discuss them with the client.
16. Draft the financial statement notes early in the audit to help ide