Finance Senior Manager
Xceed
مجموع سنوات الخبرة :20 years, 0 أشهر
• Plan and manage Managing the end to end processes of Finance, treasury & Taxes Departments in 3 countries Egypt, Morocco & Mauritius including :
o P2P
o OTC
o R2R
o Taxes
o Cash Management
• Managing the Financial Shared Services unit for internal & External Clients
• Participate in the strategic decisions making including Expansions, Introducing new lines of business and other strategic decisions
• Managing accurate issuance of audited financial statements Annually / Quarterly including the presentation and approval by BOD
• Manage the allocation of resources & workload
• Continuously provide needed financial data to top management to ensure making effective decisions
• Reporting potential Opportunities, risks & threats to top management
• Handling internal & external audits
• Participate in setting the company’s Financial KPIs with BOD & top Management
• Provide on the job training and guidance to Finance team to enrich team’s knowledge, skills & optimize performance
•Plan and manage the work of Finance Department.
•Manage and supervise on time and accurate issuance of audited annual financial statements.
•Enforce implementing the company's financial policies, procedures, and systems for efficient & effective accounting & financial operations and ensure that accounting practices, conducts and relationships with regulatory authorities and institutions are legitimate.
• Establish and implement procedures and standards for financial reporting so that all company financial transactions are accurately and promptly recorded monthly by the 6th day of the next month.
•Manage the credit control operation through the invoicing and collection processes to ensure the minimum collection period for all Xceed clients according to their contracts.
•Plan & Set the strategy for the company cash flow in order to meet long & short term financial obligations.
•Authorize the checks, payment vouchers, Petty Cash, financial statements and review finance aspect of the contracts.
• Set the company strategy for the tax filling & payment.
• Develop and maintain oracle system to meet company reporting standards and requirements and enhance decision making process.
•Approve purchasing committee decisions.
•Approve all reporting documents submitted to external parties and attend meeting if required.
•Provide guidance, and supervision for subordinates through performance management system, recommend their training requirements to keep the highest level of skills necessary to meet company needs and objectives.
1. Responsible for knowing critical functions within the department and capable of mentoring and assisting employees within the department.
2. Utilize teamwork to develop departmental synergy.
3. Monitors compliance with accounting principles and company procedures.
4. Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
5. Assures compliance with corporate policies, regulations and laws.
6. Determines proper handling of financial transactions and approves transactions within designated limits.
7. Responsible for distributing financial statements and cost center reports.
8. Prepares work papers and supporting schedules for the annual financial review.
9. Staff management and development.
10. Distributes monthly comparison reports and cost center reports according to schedules.
11. Prepares financial statements and other reports to summarize and interpret current and projected company financial position.
12. Analyze transactional processes and identify areas where additional accuracies and efficiencies can be achieved.
13. Closely maintains and monitors the fixed assets system.
14. Adheres to internal and external deadlines.
15. Applies cost accounting methods to achieve accurate representation of cost center performance.
16. Responsible for holding management accountable for accuracy and timeliness of inventory controls and cost controls.
17. Coordinate monthly closing process and reconciliation of general ledger accounts.
18. Responsible for all taxes obligations.
19. Support the Company’s mission, vision, values and goals in the performance of daily activities.
20. Develop and implement various accounting procedures.
21. Preparation of the monthly consolidated financial statements under IFRS.
22. Report, analyze, and ensure integrity of all financial information.
• Prepare Monthly, Quarterly and annual financial statements.
• Preparation of various financial statements and reports to provide a clear view necessary for top Management Decision.
• Financial Analysis for statements to trace any discrepancies in financial information and assist in decision making process
• Supervise all oracle modules entries and outputs, oracle documentation and suggest necessary changes.
• Posting monthly entries on oracle system.
• Supervise the finance department work papers, reports and files.
• Participate in the tenders and high purchasing committees.
• Review purchase procedures, accounting procedures, level of authority, invoices, contracts, working manual, and financial procedures and suggest change if necessary, to ensure that company policies and procedures are met.
• Supervise invoicing and collection process to ensure the minimum collection period for all clients according to their contracts.
• Supervise General ledger accounts to ensure accurate cost allocation and proper payment documentation.
• Supervise General ledger accounts to ensure accurate cost allocation and proper payment documentation.
• Supervise accounts payable to ensure accurate cost allocation and proper payment documentation, review purchasing documents and timely payments for suppliers.
• Supervise fixed assets module to ensure accuracy and proper allocation between accounts.
• Cash Management for all company monetary resources
• Coordinate with external auditor to conduct Quarterly and annually Financial statements audit
• Supervise cash & banks transactions and verify the monthly banks reconciliation
• Update General ledger Journal entries according to Company financial policies and applicable tax laws and regulations on oracle system.
• Update accounts payable Journal entries and payments according to purchasing policy and financial policy on oracle system to ensure timely payment for company suppliers
• Verify the documents submitted to Finance department for payment and ensure that all the required documents were gathered according to the company policy.
• Review & Fill withholding tax Quarterly reports and payments to meet Tax law deadlines
• Issuing company invoices on time according to the contracts with the clients to ensure timely payment of the invoice.
• Update accounts receivables Journal entries on oracle system on the invoice issuance date to maintain an accurate accounts receivables system to enhance the collection function
• Prepare weekly accounts receivable aging report to enhance the collection process which has direct impact on the company cash management process.
• Contacting clients to ensure timely payments of company invoices to enhance cash management process
• Review & Fill monthly Sales tax report and payment to meet the tax law deadline
• Review oracle fixed assets module weekly to maintain a fixed assets system that reflects the current sixed assets status
• Preparation of Bank Reconciliation on monthly basis to provide a clear view for the cash management process.
• Preparation of Checks and other payment forms to suppliers and other creditors on daily basis to ensure timely payment of company liabilities.
• Prepare Balance sheet analysis on monthly basis to verify the balances of accounts.
• Prepare Income statement analysis on monthly basis to verify the balances of accounts
• Prepares General ledger Journal entries according to Company financial policies and applicable tax laws and regulations.
• Prepare accounts payable and fixed assets Journal entries and payments to ensure timely payment for company suppliers.
• Prepare withholding tax Quarterly reports and payments to meet Tax law deadlines.
• Prepare accounts receivables Journal entries on the invoice issuance date to maintain an accurate accounts receivables system to enhance the collection function
• Prepare monthly Sales tax report and payment to meet the tax law deadline
• Update oracle fixed assets module weekly to maintain a fixed assets system that reflects the current sixed assets status.
• Daily update of bank reconciliation sheets to provide a clear view for the cash management process.
I have completed the first semester Successfully
Certified Management Accountant
Ain Shams University - Faculty Of Commerce - English section