Finance Manager
Kuwait Food Company - Americana Foods
Total years of experience :25 years, 11 Months
1. Lead and participate in Business planning, budgeting and forecasting
2. Developing business strategies and setting KPIs.
3. Produce financial reports related to budgets, account payables, account receivables, expenses and develop long-term business plans based on these reports
4. Capital budgeting and feasibility studies of investment
5. Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
6. Supervising and controlling the monthly and year end closing and review the financial statement with the external audit
7. Monitoring, analyzing and reporting the financial performance of business and highlighting of significant deviations and lead variance analysis versus plans and recommend corrective actions
8. Analyzing the profitability of business units, customers and products
9. Revenue management and assist in the pricing process provide analysis help in evaluating promotions decisions
10. Supervising cash flow management and lead NWC monthly review
11. Evaluating the cost efficiency and conduct evaluations for cost-reduction opportunities.
12. Control departmental spending and lead ZBB monthly review
13. Plans, develops, and establishes the financial policies, practices, SOPs, directs all financial operations, and follow up on action plans.
14. Ensure that financial reporting internal and external (whether daily, weekly or monthly) is meet the required standards and is on time.
15. Evaluate and make recommendations for changes to financial procedures, operating systems, budgets and other financial control functions and lead the implementation of improvements in the cycle and financial reporting
16. Review chart of accounts to improve the company financial reporting abilities
17. Create and maintain the job description and action plan of finance team
1. Lead and participate in Business planning, budgeting and forecasting
2. Produce financial reports related to budgets, account payables, account receivables, expenses and develop long-term business plans based on these reports
3. Capital budgeting and feasibility studies
4. Supervising and controlling the monthly and year end closing and review the financial statement with the external audit
5. Monitoring, analyzing and reporting the financial performance of business and highlighting of significant deviations and lead variance analysis versus plans and recommend corrective actions
6. Analyzing the profitability of business units, customers and products
7. Revenue management and assist in the pricing process provide analysis help in evaluating promotions decisions
8. Evaluating the cost efficiency and conduct evaluations for cost-reduction opportunities.
9. Plans, develops, and establishes the financial policies, practices, SOPs, directs all financial operations, and follow up on action plans.
10. Ensure that financial reporting internal and external (whether daily, weekly or monthly) is meet the required standards and is on time.
11. Evaluate and make recommendations for changes to financial procedures, operating systems, budgets and other financial control functions and lead the implementation of improvements in the cycle and financial reporting
12. Review chart of accounts to improve the company financial reporting abilities
13. Create and maintain the job description and action plan of finance team
1- Lead budgeting and forecasting process.
2- Supervising the preparation of monthly and year end closing.
3- Monitor the day-to-day financial operations within the company
4- Evaluating the cost efficiency and recommending actions.
5- Analyzing the profitability of business units, customers and products.
6- Supervising cash flow and working capital management.
7- Providing analysis which help in evaluating promotions decisions and pricing analysis.
8- Developing credit control procedures.
9- Reviewing and updating policies, process and procedures
Special projects.
- Solid participating and leading the implementation of Oracle system
- Due diligence
1- Develop and analyze information to assess the current and future financial status of firms.
2- Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
3- Plan, direct, and coordinate risk and insurance programs to control risks and losses.
4- Financial analysis such as trend analysis, financial ratios and source- usage of money.
5- Financial forecasting as decission support.
6- Financial planning and control, budgetting and cash flow forecast.
7- Formulating strategic and long-term business plans.
8- Developing financial management mechanisms that minimise financial risk.
9- Conducting reviews and evaluations for cost-reduction opportunities.
10- Developing external relationships with appropriate contacts, e.g. auditors, and bankers.
11- Arranging new sources of finance for a company's debt facilities;
12- Prepare financial and regulatory reports required by laws, regulations, and board of directors.
13- Analyze and classify risks and investment to determine their potential impacts on companies.
14- Set and review action plan
15- Recruit staff members, and oversee training programs.
Special projects
1- Value Stream Mapping (VSM)
2- ERP implementation
3- Standard operating procedures initiating
1- Preparing needed documentation to import and clearance
2- Transferring invoices amount to exporter in the due date
3- Reviewing Bank statement
4- Issuing the invoices to customers
5- Profitability analysis
6- Identify costing and determine the selling price
7- Set a dealing with navigation lines
8- Issuing sales tax report
1- Record all kind of transaction into Accounting program
2- Issuing Financial Statement
3- Reviewing the expenses
4- Reviewing the balance of Accounts
5- Follow up banks balances on daily basis
6- Issuing bank reconciliation
7- Follow up credit and debit notes
1- Record all kind of transaction
2- Reviewing the expenses
3- AP, AR, cash management and auditing
1- Record all kind of transaction
2- Reviewing the expenses
1- Use initiative & enthusiasm on sales floor; engage customers in friendly & helpful interaction
2- Using sales skills to finalize the deal
Excellence grade
Excellence grade