Branch Finance Section Head
Secutronic El-Eatesam Modern Marketing Co
مجموع سنوات الخبرة :20 years, 7 أشهر
Responsible for the efforts and results of the branch financial department. Reporting to the Chief Financial Officer (CFO). Overseeing branch financial department staff in day-to-day operations.
Duties:
• Oversee Monthly, Quarterly and year end closing activity.
• Create the branch Monthly, Quarterly and Annual financial statements.
• Supervise Budget preparation and Forecast preparation.
• Identifies any variances with forecasted budget and report the variance to the relevant colleague
• Creating projects cash flow to be submitted to bank for financing.
• Ensure that all financial transactions are properly recorded, filed, and reported
• Supervising ensure an accurate and timely monthly, quarterly and year end closing.
• Supervise and manage branch financial department staff, including accountants and collector
• Motivate and lead branch finance team members by clarifying roles and providing guidance
• Establish and implement financial reporting systems to comply with government regulations and legislation
• Overseeing, authorizing and posting Account Payable activity.
• Oversee branch Account Receivable and collection activity
• Ensuring accurate and timely processing of payroll.
• Ensuring that monthly bank reconciliation are kept properly
• Overseeing and reviewing other reconciliation like related parties, customer and suppliers.
• Responsible for the management of fixed assets register
• Supervising the routine accounting task in the department on day to day basis.
• Coordinate with external auditors to ensure that an annual audit is completed on time.
• Report to the CFO with timely and accurate financial information
• Assist the CFO in presenting reports to senior executives, stakeholders, and board members.
• Collaborate with auditing services to ensure proper compliance with all regulations
• Interfaces with external auditors to ensure that an annual audit is completed on time.
Providing effective financial leadership Assistant to the financial Controller, to enable strategic foresight into the business and also provide knowledgeable and accurate information to colleagues and executive management.
Duties:
• Monitor the performance and efficiency of accounting functions
• Ensure that assets are safeguarded and financial reports and analyses are timely and reliable
• Overview the financial statements preparation.
• Completes a detailed analysis of account balances.
• Contributing to decisions regarding financial strategy.
• Identifies any variances with forecasted budget.
• Completes the Cost Control Report to be submitted to Management.
• Develop annual budget and quarterly business plan for the company.
• Review the budget vs. actual Expenditure reports and report to the management.
• Review the preparation and submission of zakat and other government related matters.
• Ensure that financial control is efficiently maintained throughout the business process
• Produce timely, accurate and meaningful information as required to support business performance and business development
• Coordinate year end audits and serves as a liaison between the company and legal counsel
• Direct responsibility for establishing, monitoring, and enforcing policies and procedures
• Management of product reconciliations and income and cost recognition in the accounts
• Review and authorized other balance sheet reconciliations - Bank, Fixed Assets, Accruals and Prepayments
• Perform other tasks as assigned by the Financial Controller or by all Senior Management.
Handle almost every aspect of the organizational financials. Analyzing financial information and preparing financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within the organization.
Duties:
• Oversee the daily accounting activities required to maintain the company's general ledger in all aspects
• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Ensure the timely reporting of all monthly financial information.
• Ensure completion and review of all post-close reconciliations.
• Ensure all balances are properly supported and documented.
• Maintain organized set of detailed records and files to document financial transactions and all journal entries.
• Support budget and forecasting activities.
• Collaborate with the other finance department members to support overall department goals and objectives.
• Preparing monthly financial statements, including profit and loss accounts, cash flows, variance analysis and commentaries;
• Providing a support service by working with all departments and the management team to help make financial decisions;
• Analysing financial performance and so contributing to medium and long-term business planning/forecasts;
• interpreting and communicating financial data to non-financial managers;
• Co-ordinate and assist business units in preparation of annual budgets, including operating, capital expenditure and cash flow budgets.
• Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
Responsible for applying accepted accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensure appropriate accounting control procedures.
Duties:
• Managing junior colleagues
• Liaising with clients (individuals or businesses) and providing financial information and advice
• Reviewing the company's systems and analysing risk
• Performing tests to check financial information and systems
• Continuous management of financial systems and budgets
• Production of the monthly management accounts
• Monthly/quarterly forecasting and budgeting
• Preparation of business analysis to understand underlying business performance
• Analysing and presenting financial information to assist decision-making, and for the purposes of financial accounting, grant claims, government returns recharges, pricing, etc.
• Keeping team members up to date on any developments
• Maintaining superb client relations
• Preparing the clients’ accounts in full
• Acting with initiative when reviewing work
Working within the finance team, sometimes alongside Credit Controllers, and usually report into a Finance Controller, Finance Manager or Sales Ledger Supervisor.
• Producing and processing invoices
• Sending invoices out to clients
• Credit Control
• Bank reconciliation
• Reporting daily sales information
• Completing the monthly reconciliation on both the sales ledger and control accounts.
• End of month reconciliations of sales and cash control accounts
• Running off turnover statements
• Sorting out any rebates and filing
• Checking VAT has been included on invoices
• Providing creditors with VAT receipts
• Setting up new clients
Help a finance team to operate smoothly, while building essential accountancy experience
Duties:
• Making income or expense entries into the accounting system
• Entering vendor invoices, paying bills and creating invoices for its clients
• Checking entries for accuracy
• Preparation of accounts files, for review by manager
• Production of tax returns and VAT returns
• making necessary corrections and file documents as needed
• Small business accounts production for companies, partnerships and sole traders.
• Bookkeeping, management accounts.
• Completion of accounts/Audit preparation
• Preparing financial reports and benchmarking reports
• Corporation tax
• Year-End accounts
• Attending client meetings
Book keeping Activities
Administrator Activities
Completion of ACCA and Achieved ACCA Membership