Finance Manager
Corp. Fin.
Total years of experience :25 years, 2 Months
Prepare sales and profit Margin reports on monthly consolidated and segments basis.
Prepare summaries and forecasts for future business growth and development including business plan.
Establish and maintain internal controls to ensure compliance with financial policies and procedures.
Assure that accounting records are prepared and maintained in accordance with the company's accounting policies, chart of accounts and related accounting principles and practices, and that subordinate ledgers reconcile with the general ledger.
Reviewing and ensuring all monthly expenditure is properly allocated and is accounted for on relevant GL accounts, accruals and prepayments as required
Manage and review the payroll system in order to ensure that all staff is paid on a timely and accurate basis, sign off on employee payments and deductions
Oversees accounts payable for suppliers, including suppliers balance reconciliations, sign off on suppliers’ cheques, weekly supplier payments
Reconciling and controlling all balance sheet accounts and ensuring the timely collection and control of receivables and settlement of accounts payables
Review the aging reports for both AR and AP.
Follow up on the inter-company transactions
Responsible for timely monthly consolidated financial statements, payments, cash-flow management
Provide authoritative counsel on proper accounting principles, procedures, systems, and practices.
Co-ordinates with banks to ensure that appropriate arrangements are made to handle cash positions.
Collaborate with CFO in setting up corporate finance guidelines as well as Company’s financial strategy including periodic business plans.
Coordinate with statutory auditors and act as a primary liaison with auditors.
Coordinate with the various departments of the parent and subsidiary companies in providing accurate and timely information.
Interpret for all decentralized components of the accounting function, the company's general accounting systems and procedures, including those for accounts receivable and payroll.
Develop schedules, procedures, and systems to enable the timely and informative accumulation, adjustment, and reporting of financial data.
Provide economic analyses, studies, and counsel on matters of potentially significant financial impact to the company and develop long-range budgets and other projective guidelines and measures.
Analyze overall strategic targets, and determine corporate performance indicators related to finance business processes.
Reviewed & approved payment vouchers & journal entries
Communicated with project manager, vendors and external parties to manage business/project requirements
Acted as responsible for contracts accounts receivable tracking, management and reporting including support to Project manager on billing verification and collection matters
Responsible for contract project analysis reporting and assist in special projects
Advised and assisted senior management in preparation of business plan, budgets and monitor actual expenditures vis-à-vis budget estimates as an on-going process. Preparation of weekly cash flow deposits and forecasts.
Developed and implemented an effective system of accounting and payroll system, which includes maintaining of chart of accounts and ensuring that daily accounting records are passed in the system as per the generally accepted accounting principles and in line with International Financial Reporting Standards (IFRS).
Established and maintained internal controls to ensure compliance with financial policies and procedures.
Coordinated with statutory auditors and acted as a primary liaison with auditors, financial consultants or any other financial regulatory authority.
Handled all bank transactions including transfers, deposits, financing facilities, LG etc.
Prepared monthly reports as well as whenever required by the management that include accounts payable/receivable reconciliation.
Develop and maintain proper MIS system to analyze operational efficiency and performance measures that support the company's strategic direction.
Ensure that the company complies with all legal and regulatory requirements.
Participate in preparing the annual budget.
Tracking change, conducting risk assessment, formulating long-term business plans in addition to researching and reporting on factors influencing business performance.
Liaising with department heads during annual strategic budget planning and preparation and rendering expertise in collaboration with the top management during the preparation of the overall business turnaround plan.
Analyzing actual financial performance as against the budgeted monthly and quarterly financial statements in addition to reporting any significant variances detected to the Managing Director.
Formulating operational and financial performance scorecards, preparing and overseeing the implementation of a comprehensive cost-cutting plan to reduce overhead expenses.
Preparation of all financial statements, accounting and statistical reports and any other special reports which may from time to time be required by the Managing Director.
Leasing with external auditors and bankers
Responsible for the month end close, monthly journal entries (prepare and input) and reconciliations
Prepares balance sheet profit and loss statement for various brands, and other financial reports
Managed processes relating to financial accounting, detailed budgets, financial plans and financial control.
Maintaining financial records and processing related data such as invoices, vouchers and other documents; monitor and reconcile accounts with detailed financial statements.
Analyze financial information and prepare complex financial reports and statements reflecting various data for utilization by higher management.
Prepare, examine, and analyze accounting records, reconciliation, company transactions and other financial reports.
Generating, sending and recording all customer invoices and receipts in the Accounting System.
Prepare audit related schedules and update Ageing schedule on regular basis.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
Formulated tenders, quotations and entire RFP documentation in addition to performing summarization, analysis and review of quotations obtained for the purpose of recommending the most qualified candidates to the management.
Analyzed existing investments and opportunities for new acquisitions across the GCC markets with a view to increasing the company's strategic edge and competitiveness through growing a profitable investment portfolio.
The company is a leading furniture and decoration works firm in Kuwait .
Performed advanced accounting activities related to the maintenance of the general ledger, formulation of managerial reports and associated financial statements.
Assisted the Finance Manager with preparation, review and analysis of financial statements and company’s closing statements with full responsibility for the functions of accounts receivable, accounts payable and fixed assets.
Conducted cost-price analysis to assist management in determining the possible gross profit margin on goods and assets purchased for retail and project deployment purposes.
Evaluated revenue and profit growth opportunities, applied finance standards to the business and assessed procedural conformance to standards applied company wide.
Responsibilities :
• Handled all functions pertinent to general accounting, preparation and finalization of various business transactions in addition to executing routine accounting functions.
• Prepared journal entries, reconciled the general ledger and subsidiary account..
-Prepared journal entries.
-Prepared bank reconciliation.
-Prepared food and room cost analysis.
-Oversaw the head cashiers and did the routine and surprise cash counts as deemed necessary.
-Participated in the semiannual and annual inventory count.
-Prepared journal entries.
-Maintain AR, AP subsidiaries.
-Prepared the AR aging and followed the collection process.
-Prepared the paroll.
GPA: GOOD Applied Accounting & Financial Institutions- Score: Excellent Auditing- Score: Very Good Management Accounting- Score: Very Good Tax Accounting- Score: Very Good
