Director of Finance
Unifonic
Total years of experience :23 years, 9 Months
Management
• Maintain a documented system of accounting policies and procedures
• Manage outsourced functions
• Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
• Oversee the accounting operations of subsidiary corporations in 6 countries, especially their control systems, transaction-processing operations, and policies and procedures.
• Implementation & Supervision of ERP system
Transactions
• Ensure that accounts payable are paid in a timely manner
• Ensure that all reasonable discounts are taken on accounts payable
• Ensure that accounts receivable are collected promptly
• Process payroll in a timely manner
• Ensure that periodic bank reconciliations are completed
• Ensure that required debt payments are made on a timely basis
• Maintain the chart of accounts
• Maintain an orderly accounting filing system
• Maintain a system of controls over accounting transactions
Reporting
• Issue timely and complete financial statements
• Coordinate the preparation of the corporate annual report
• Recommend benchmarks against which to measure the performance of company operations
• Provide for a system of management cost reports
• Provide financial analyses as needed
Compliance
• Manage and coordinate with external auditors for the audit operations
• Monitor debt levels and compliance with debt covenants
• Comply with local and government reporting requirements and tax filings
• Leading the finance team to insure timely and accurate booking on the accounting system.
• Generating daily / weekly / monthly reports of sales, COGS, and cash position.
• Preparing the Monthly and Periodic financial reports, analysis and give the financial opinion and recommendations accordingly.
• Controlling and reporting the cost on a regular basis, and coming with plans to reduce the cost.
• Annual budgeting and insuring the alignment of the accounting transactions throughout the year.
• Closing the year, and preparing for the end of year audit and reporting.
• Member of the company’s steering committees for business development projects and strategic decisions.
• Overseeing the business across the 9 subsidiaries in Jordan, KSA and UAE for the main 3 business lines (Data and Direct Marketing, Contact Center, and Printing house and Fulfillment Center)
• Work closely with auditors, and issue final auditing reports that address shareholder concern.
• Ownership of reporting and analysis:
i. Board Level
ii. Monthly & Quarterly
iii. Profitability & Pricing strategy
iv. Invoicing & Client interface
• Managing cash flows
• Create legal vehicle to raise capital
• Address high risk financial issues
• Lead the development of strategic partnerships, merger proposals, and approve the investments required to grow
• Understanding of regulations and laws and 3 business based countries
• Managed top-notch refugee aid program commissioned by United Nation’s World Food Programme (WFP).
• Organized the execution of a nation-wide free hot meals-on-wheels program (>20, 000 hot meal / day).
• Organized the execution of a nation-wide Food Packages distribution program (>6, 000 Food Packages / month).
• Helped develop a strategic approach towards restructuring the organization.
• Helped update the organization’s institutional foundation through process re-engineering, decision support systems and leadership development.
• Launched national fundraising campaigns resulting in $ 5 million+ returns.
• Directly managed the finance department of the organization and produced timely reports and successfully conducted annual audits by international leading professional audit firms.
• Managed budgeting and planning, along with subsequent financial sustainability of the organization.
• Supervised all operations and departments, creating effective synergetic functional relationships across the board.
• Created a successful NGO-based financial structure (Chart of Accounts) to support current operations and future expansions.
• Setup process to streamline revenue collection and recording (Account Receivables).
• Managed successful Cash flow for the past seven years.
• Managed to modernize and update the tools used to track and record finance-related operations, migrating from Excel-based tools to Modern Software 21st-century Accounting tools.
• Provided accurate reports and financial projections to the Board of Directors, including financial reports for subsidiaries and consolidated reports.
• Managed budgeting and costing.
• Upgraded the skills of the finance team through continuous guidance and training.
• Monitoring and interpreting cash flows and predicting future trends.
• Formulating strategic and long-term business plans.
• Researching and reporting on factors influencing business performance.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Set and develop the financial policies and procedures.
• Verifying the purchasing procedures.
• Coordinating with other departments in maintaining any processes and procedures that affecting financial transactions.
• Managing financial accounting, monitoring and reporting systems.
• Liaising with internal and external auditors to ensure annual monitoring is carried out;
• Keeping abreast of changes in financial regulations and legislation.
• Tracking and follow up the cash flows (depositing and withdrawing) in the bank accounts for each revenue type. (Separate bank accounts for each revenue type).
• Providing full analysis and consulting for the CEO and Board of Directors to encourage making the right decision based on subsidiary performance evaluation.
• Member of Procurement Committee.
• Leading supply chain, especially for main campaigns such as ADAHI, RAMADAN and monthly Food Packages aids.
• Creating and Managing the financial system for the corporation subsidiaries.
•Managing all the work of the accounting department.
•Updating and following up the accounting plan according to norms and standards.
•Review all supporting documents.
•Costing of the goods.
•Representing the financial statements within the dead line.
•Preparing and presenting the weekly and monthly sales reports required by the Cinnabon Int’l.
•Payroll preparing and issuance.
•Financial statements generation (Profit & loss +Balance sheet)
•Preparing and controlling the business plan and budget.
•Reconciliation of all accounts.
•Preparation of the payments schedule to all suppliers.
•Follow up the accounts with local authorities.
•Declaration of income and sales taxes.
• Managing all the work of the accounting department.
• Adequately updates the accounting plan according to norms and standards.
• Managing and controlling all accounting transactions and provisions.
• Review all supporting documents.
• Calculation of cost price.
• Ensures closure of the month accounts within agreed lead time.
• Payroll issuance.
• Sales team incentives issuance.
• Financial statements generation (Profit & loss +Balance sheet)
• Debit notes preparation and issuance.
• Reconciliation of all accounts (Banks, cash, suppliers, key customers)
• Preparation of the payments schedule to all suppliers.
• Follow up the accounts with local authorities.
• Declaration of income and sales taxes.
• Dealing with and following up LCs and Orders
• Costing of the LCs and orders
• Dealing with customs and clearance companies
• Carrying out vouchers and transactions of the stock
• Carrying out all the accounting transactions:
Sales
Receivables
Bank reconciliation
Payables ….etc
• Preparing financial reports
• Auditing all the vouchers prepared by other accountants
Also assisting in building and preparing the chart of account and carrying out the accounting transactions, preparing financial reports and auditing entries for sister companies such as: Jordan Global Food Distribution, Amman Fast Food Co and Publicies Advertising Co.(Acting as Chief Accountant at Jordan Global Food Co. from June2003 to Oct 2003 )
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