Finance Manager
AAF Saudi Arabia Ltd
Total years of experience :16 years, 3 Months
Administer finance, procurement, and logistic operations. Develop annual and revised budget and conduct variance analysis. Exhibit strong cross-functional collaboration to achieve budget goals. Analyse and finalise annual financial statements. Oversee IKTVA audits (In Kingdom Total Value Addition program of ARAMCO). Provide financial reporting and attend MEM, business development, and sales meetings.
• Obtained $1.6M by effectively managing income tax assessments.
• Negotiated $20K reduction in consulting fee by replacing external auditor.
• Secured $100K via impact analysis and implementation of value-added tax.
• Facilitated annual audit and preparation of financial statements by co-ordinating with external auditor.
• Delivered biannual report to compliance committee by assessing conformance to HR and government regulations.
• Ensure adherence to regulatory requirements by supervising income tax, withholding tax, transfer pricing, and value-added tax.
• Evaluated business development and managed receivables by arranging weekly meetings.
Created, reviewed, and delivered financial and management reports on monthly basis. Authorised delivery orders based on clients' credit limits and days. Guaranteed proper documentation of all prepayments and accruals. Assisted with finalisation of annual statutory accounts. Led and monitored annual external and quarterly internal audits. Steered costing and price management of multiple steel products, including reinforcement and wires.
• Supported creation of annual budget as per company’s policies.
• Streamlined financial operations by directing company’s cash flows.
• Facilitated monthly closing by verifying appropriate closing of modules.
• Mentored team of seven professionals whilst ensuring availability of necessary financial staff to fulfil reporting and control requirements.
• Executed validation and posting of all vouchers, cheques, bank transfers, and employees’ vacation settlement vouchers whilst complying with policies and procedures.
• Contributed to 20% reduction in inventory by leveraging effective material procurement plans.
• Enhanced team performance by guiding and monitoring members on day-to-day accounting operations.
Offered variance analysis explanation to management by arranging and evaluating monthly management accounts. Enabled proper tax withholding by examining and validating all business payments. Verified vouchers prior to uploading into system. Promoted timely filing of income and withholding tax returns. Cooperated with banks to record exports and export refinance facility. Aided with implementation of ERP system.
• Achieved target dates by offering accurate and on-time information to external auditors.
• Served as active team member to assist with precise and prompt formulation of annual report.
• Devised financial statements in conformity with international financial reporting standards (IFRS), including adherence to corporate and local laws, as well as guidelines from regulatory and taxing agencies
