Country Finance Manager
SINO THARWA DRILLING COMPANY
Total years of experience :18 years, 2 Months
• Benefits for paid tax 30%, by adjusting years of depreciation according to kuwaiti law.
• optimize efficiency and maximize shareholder value
• Periodically review the organizations financial reports and identify opportunities for cost reduction.
• Oversees all aspects of finance within a company in order to ensure that it is operating as efficiently as possible.
• Ensure that the organizations financial records and recordkeeping methods are in compliance with applicable standards and regulations.
• Manage employees and contractors who are responsible for financial reporting.
• Monitor the cash flow of the company to ensure sufficient funds are available to meet cash flow needs
• Monitor the companys credit facility.
• Assess financing alternatives by considering risk, return, and market conditions
• Analyze data and advise top management on how to maximize profits.
• Evaluated the adequacy and effectiveness of management controls over those activities, Collected and analysed data to detect deficient controls, duplicated effort or regulations to develop appropriate recommendations to develop appropriate recommendations to mitigate risks .
• Analyze and evaluate accounting documentation, reports, data and inspect account books for effectiveness and efficiency.
• Participate in making the recommendations on the systems and procedures being reviewed, reports on the findings, recommendation, monitors managements response and implementation and assisted in any other matters as and when required by management as a consultant engagement.
• Posses multiple skills covering many financial areas such as financial reporting and analysis, strategic planning, forecasting budgeting, variance analysis, cost control, profit analysis.
• Manages day-to-day activities in treasury functions to meet the financial obligations of the organization
• Manage Cash outflow cycle such as transfers, checks and make sure of compliance with monthly cash budget.
• Supervise suppliers bank transfers Follow up with banks to reduce time execution.
• Preparing monthy and yearly cash flow .
• Monitoring cash flows and predicting future trends, analysing changes and providing needed advice.
• Monitoring All Banks Reconciliations.
• Performs treasury activities related to cash flow, borrowings and debt.
• preparing full investment advice reports and investment assessment sheets for all current and potential investment opportunities.
• Monthly cost saving above 10% by allocating issued asset inventory items to their correct accounts.
• Monthly Revenue increase more than 20% by traking moves, other cost accounts that must has revenue during the periods.
• Ensure Reliability of journal entries, Financial reports.
• Ensure the accuracy of accounts payable, accounts receivable and revenue accounts to spot any abnormal variance
• Supervise Bank reconciliation before month closing to ensure reliability of financial reports.
• Supervise external auditors requested information, review the draft audited financial statements before issuance of the final report.
• Ensure that the organization financial records and recordkeeping methods are in compliance with applicable standards and regulations.
• Ensure achieve effectiveness and efficiency of operations.
• Ensure the accuracy of inventory monthly balance.
• Ensure the company payment orders are accurate.
• Manage payable division staff, ensure that work is properly handled on time.
• Supervise the invoices processing to ensure proper and timely accruals, and improve the processing cycle.
• Supervise all the accounting entries in the financial system to ensure of correction company financial statements.
• Ensue the accuracy of vendors end balance confirmation.
FMVA Certified
GOOD