Finance Manager
Integrated Wood Industries
Total years of experience :18 years, 11 Months
► Integrated Wood Industries is a pioneering company designed to cater to the needs of real estate developers for high quality, mass produced and specialized wood furnishings.
► My roles & responsibilities:
• In-charge of managing the finance department of the Company and ensuring that all financial requirements are met.
• Compile & analyze financial reports, update the management with financial & costing highlights, and suggest necessary actions.
• Prepare the annual budget as well as dynamic forecasts in consultation with the concerned business units.
• Participate in the development of the Company long-term business plan \{member of the local management committee team\}.
• Manage the relationship with local banks; help the management in reviewing cost of funds & evaluating the financing alternatives.
• Management of short and long term cash flows.
• Review all capital expenditures proposals, authorize monthly payroll, and evaluate key activities of procurement & suppliers-management.
• Oversee the preparation of year-end financial statements in accordance with generally accepted accounting principles for the presentation to the boards of directors, senior management, and governmental entities.
• Facilitate the work of external auditors, and address their comments and queries.
• Review the credit control and collection process and assure its effectiveness.
• Assure sound implementation of the system of internal control over key processes
• Formulation and updating accounting policies & procedures, and provide feedback & enhancement suggestions on the policies proposed by other departments.
• Set tax strategies in coordination with tax consultants, and assure compliance with all statutory requirements.
• Provide technical guidance & training to the staff, and evaluate their performance.
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Oversee the activities of budget control process, audit of accounting transactions prior to posting into the accounting system, monthly bank reconciliation, preparation of monthly trial balance and cash flows. Assist in the preparation of financial statements at the end of fiscal year.