Finance Manager
Saferoad information technology LTD (Part of Saudi Aramco Ventures)
مجموع سنوات الخبرة :17 years, 10 أشهر
• Managing & supervising accounting team, and financial affairs in the company.
• Preparing financial models, performance analysis sheets, and investment-round files for raising fund.
• Submitting a monthly financial package to the top management, including managerial financial statements, and other analytical reports.
• Working with the CEO to develop the company's strategy, smart pricing policies, improving the efficiency of the staff, and implementing effective cost-cutting techniques.
• Working with different departments in the company to develop the SOP (Standard Of Procedures) and improving governance inside the company.
• On-ground studying of some emerging markets (in Africa and Asia) for global business expansion, besides enhancing the company's existence in the local market.
• Preparing annual budgets and setting standard costs as well as implementing effective monitoring techniques for budgets (Contribution margin income statement).
• Working on Sage ERP to do some of these duties, besides advanced excel.
Kadi Shades Co. (KSC) is a member of KADI holding group; one of the reputed business groups in Saudi market. KSC produce all types of: - Fabric Sheds. - Fixed Tents. The factory management seeks always to make its production ideal among the gulf industries to be valued locally and abroad.
As a Finance Manager in KSC, I'm responsible for:
• Managing & supervising accounting & finance affairs and team in the Company.
• Supervising the whole cost accounting system, reviewing and approving work orders and the bill of material BOM on the Oracle system. Continuous reconciliation of work-in-process WIP account. Following Job-order costing system.
• Issuing financial package reports on monthly basis; Balance Sheet, Profit& Loss and other periodic analytical reports.
• Managing cash in& outflow and preparing Cash flow statement.
• Submitting monthly reports to upper management such as Comparison reports between budgets and actual results and monthly expected cash flow.
• Supervising the process of re-arranging Logistic & Supply chain in the company.
• Preparing annual budgets and setting standard costs & the required analytical reports.
• Working on Oracle JD Edwards (ERP) to do these duties.
• Managing & supervising of accounting & finance affairs in the division.
• Issuing financial statements (Balance Sheet, Profit& Loss and periodic analytical reports).
• Preparing statement of cash flow (direct & indirect method).
• Submitting monthly reports to upper management such as Comparison reports between budgets and actual results and quarterly expected cash flow.
• Preparing Saudi ZAKAT docs and working with the statutory office to issue attested financial statements
• Following LCs and LGs requests and shipments docs.
• Participating in preparing the annual budgets by preparing the standard costs & some analytical reports.
• Auditing employees’ Petty cash invoices.
• Reviewing monthly payroll & production points for factory and other benefits.
• Supervising banks accounts, transfers & cash in hand and making the periodic reconciliations.
• Reviewing A/R balances and reporting the related reports (endorsements, aging, . .etc)
• Preparing the payment requests for A/P and make their accounts reconciliation.
• Controlling the sales points (showrooms) through reviewing sales invoices and cash collections.
• Working on Microsoft Dynamic AX - Axapta (ERP) to implement these issues.
• Booking accounting entries such as expenses, A/R, A/P… etc.
• Creating customers’ invoices and following their collections.
• Preparing payment requests for suppliers and other creditors.
• Following banks A/Cs and making periodic reconciliation.
• Issuing financial statements (Balance sheet & Profit & Loss).
• Following the invoicing system for major clients such as Saudi Telecom (STC) and Ministry of Interior.
• Issuing the analysis reports for cost centers and projects in a periodic manner.
• Working with the statutory office to issue attested financial statements.
• Making the monthly payroll and calculating benefits & vacation pay for the staff.
• Working on Delta ERP system to implement these matters.
• Entering accounting data such as expenses, A/R, A/P… etc.
• Creating customers’ invoices.
• Preparing payment requests for suppliers and other creditors.
• Following banks A/Cs and making periodic reconciliation.
• Participating in preparing the requirements of statutory office to issue attested financial statements.
• Making the monthly payroll.
• Working on A5 group system to implement these matters.
The following courses have been studied: * Investment analysis. * Managerial finance. * Managerial accounting. * Managerial economics. * Management Information Systems (MIS). * Organization Theory and Design * Operations Management Science * Applied Marketing Research * Marketing Management * Strategic Management * Operations management and supply chain * Cost accounting * Technology management. * International business. * Independent research: The role of firms' characteristics on Idiosyncratic volatility - A study about the unsystematic risk in the Saudi financial market (Tadawul).
CMA : Certified Management Accountant, contains of 2 parts as follow: 1- PART ONE : Planning, budgeting, and forecasting Performance management Cost management Internal controls Professional ethics --------------- 2- PART TWO : Financial statement analysis Corporate finance Decision analysis and risk management Investment decisions Professional ethics