Finance Manager
Emirates Macaroni Factory
مجموع سنوات الخبرة :22 years, 5 أشهر
Drive the continuous improvement of end-to-end accounting practices. ➢ Leading the analysis of monthly and quarterly numbers and presenting findings to the board. ➢ Managing an end-to-end audit process of current systems - while acting as the first point of contact for external auditors. ➢ Continually identify risks to delivery, propose solutions where necessary, and effectively manage stakeholder expectations throughout. ➢ Dealing with working capital management and production of cash flow forecasts. ➢ Leading the team responsible for payroll, VAT, and HMRC processes.
Collating, preparing, and interpreting reports, budgets, accounts, commentaries, and financial statements.
Producing long-term business plans
Researching pricing, competitors, and factors affecting performance
Controlling income, cash flow, and expenditure & managing budgets
Developing and managing financial systems/models & supervising finance’s staff
Undertaking strategic analysis and assisting with strategic planning
Carrying out business modeling and risk assessments
Contract with outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
Provide insightful information and expectations of senior executives to aid in long-term and short-term decision making
Establish, maintain financial policies, procedures for the company, and adhere to financial regulations and legislation.
Conducting reviews and evaluations for cost-reduction opportunities
Arranging new sources of finance for a company's debt facilities
VAT declaration monitoring, controlling & submission
Preparing and issuing all financial Statements (Balance sheet, P&L, cash flow… etc..).
➢ Analyze financial information to recommend or develop efficient use of resources and
procedures, provide strategic recommendations and maintain solutions to business and
financial problems.
➢ Interface with the external & internal auditors in connection of interim & Final Audit
as well as providing the complete audit file together with the financial reports as per
auditor’s requirements.
➢ Oversee the accounting department and the treasury function meets regularly with
department heads to keep them informed and to assist them.
➢ Review financial feasibility analysis and budget preparation
III
➢ Ensuring that appropriate systems and internal controls are implemented and
maintained
➢ Develop a risk management framework and strategy, including liquidity and debt
management
➢ Understands the relationship between specialization and customer/organizational
requirements and establishes own milestones, team objectives and delegates
assignments
➢ Analyzing trading profitability statement on category, market level, SKU level and
order level to maximize efficiency to increase the margin percentage and emphasis on
cost reduction within a highly competitive market
➢ The Privilege of approval of purchase orders for both co-packing & manufacturing
sections
➢ Setup and following needed internal control points inside Supply Chain departments
to facilitate and integrate the flow operations among them
➢ Collaborating with the financial managers of the various business units to meet
strategic goals and objectives
➢ Ensure that the committed funds are received when due and allocated accurately by
monitoring and analyzing cash flows monthly, including revenues, expenditures,
receivables and payables, and produce monthly statements and variance reports
➢ Ensure accounts payables and receivables are processed accurately, efficiently and on
time, and report any concerns/discrepancies
Supervises, trains and evaluates accounting professionals, entry-level accountants,
support staff and works under broad direction
➢ Managing all account payables, payments, LC, bank transfer and petty cash
➢ Managing & handle all prepaid, accrual accounts and provisions
➢ Setting all tools and techniques, which are relating to forecasting, revenue budgeting,
capital budgeting and managing capital structure (Leverage or Gearing) as the means
to achieve company objectives and monitor it.
➢ Identify the risks relating to changes in costs, sales volumes, cash flows and economic
change, illustrate their impacts on the performance of the business, and suggesting
many solutions.
➢ Maintaining proper liaison with banks and cash accounts and reconciliation
➢ Ensures adherence to generally accepted accounting principles (GAAP), established
procedures, departmental guidelines and regulatory requirements applicable to the
work & (IFRS)
➢ Plans, manages, coordinates, and implements the year-end closing processes and
procedures for the assigned accounting records, conducts year-end closing process
provides information to financial auditors (Internal & External), conducts standard
internal audits of various accounting records
➢ Prepare monthly reconciliation of multiple inter-company accounts including research
and resolution of discrepancies
➢ Analyze revenue and expenditure trends and recommend appropriate budget levels
and ensure expenditure control.
➢ Maintain Fixed Assets register and calculate monthly depreciation entries
Responsible for the completion of all day-to-day cost accounting activities, including
month-end close, year-end cost rolls and Closes job orders on the Oracle WIP module
daily
➢ Applying the activity-based costing (ABC) models to ensure the justice on all
manufacturing overheads and expenses allocations
➢ Prepares on monthly basis management production report, variances tracking report,
power consumption comparison report, waste analysis report, raw material average
consumption report and any other reports as requested by the management.
➢ Monitors and records production waste daily specifying the reason reports high
figures Design and implement operational waste reduction methods to improve
efficiencies.
➢ Follow up and control the inventory models like just in time (JIT) to emphasis on
reducing store space, handling the cost, and risk of inventory obsolescence.
➢ Update bill of material standard costs, breakeven points reports by-products, work.
centres, and factories, margins reports by product and division, coordinate physical
inventories and cycle counts.
➢ Ensure all costing information has been documented, reviewed and accurate for both
manufactured and trading.
➢ Play a key factor in the implementation of costing and prices policies and procedures.
FIRST EMPLOYER
Misr Romania Bank (Blom Bank
Establish, maintain, and coordinate the implementation of accounting and accounting
control procedures.
➢ Analyze and review budgets and expenditures for local, state, federal, and private
funding, contracts, and grants.
➢ Monitor and review accounting process and related system reports for accuracy and
completeness.
➢ Analyze revenue and expenditure trends and recommend appropriate budget levels,
and ensure expenditure control.
➢ Supervise the input and handling of financial data and reports
➢ Interact with internal and external auditors in completing audits.
➢ Develop the annual operating budget and consult with departmental management on
the fiscal aspects of program planning, salary recommendations, and other
administrative actions.
➢ Provide accounting policy orientation for new staff.
B. Commerce