Financial Manager
Alwasl Chemical Company
Total years of experience :16 years, 2 Months
• Responsible for the accuracy and completeness of the books of accounts and that they are maintained according to ifrs
• Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company
• Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.
• Implements existing accounting policies and procedures to ensure that correct financial transactions are recorded in a timely manner.
• Ensure compliance with the General Authority of ZAKAT & TAX.
• Prepare financial statement & Budgeting & forecasts.
• Analyses revenue, expenses, cash flows, and balance sheets.
• Prepare Budget Statement for the end of the fiscal year includes but not limited to financial statements, the balance sheets and income statement.
• Group-related supervision of internal and financial management control and setting up new standards and regulations.
• Support cost-saving initiatives and identify opportunities for improvement.
• Manage the Cash/ Working Capital and maintain a good banking relationship.
• Dealing & negotiating with banks for banking facilities.
• Monitoring and balancing cash flows into and out of a business to meet obligations and optimize investment.
• Administering loan agreements for company borrowings and collecting monies owed to the company from customers
• Investment & project evaluation with feasibility & financial analysis.
• Work with other departments to establish goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff.
• Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
• Creating and monitoring company policies and internal controls, especially spending controls, to safeguard company assets
• Providing financial reporting and analysis to guide decision-making.
• Coordinating with external financial, compliance and tax auditors
• Mentoring and managing the accounting and financial staff.
• Responsible for all financial activities of the Company and reporting to CEO.
• Compiling and analyzing financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Preparing and posting monthly JVs using ERP system.
• Reconciliation of GL control accounts with subsidiary accounts and preparing schedules.
• Reconciliation of Cost of Production with GL and calculate monthly Cost of goods sold.
• Continually reviews credit memos, payments schedule, fixed assets, and vouchers.
• Maintain Fixed Asset Register.( calculating the annual depreciation and accumulated depreciation with the basic factors in calculating depreciation by the basic methods for providing depreciation.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Prepare The Inventory, Analyze Results And Make Reports.
• Prepares payments by verifying documentation, and requesting disbursements.
• Payroll Calculations.
• Reconciliation of employee loan accounts and monthly deduction sheet for all staff.
• Responsible for reconciliation of Account payables for related suppliers & all customers.
• Updating master information of supplier and customer & creating new G/L Accounts & Business Units.
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other report.
• Posting the entries & Trial balance.
• Banks reconciliation.
• Posting the entries & Trial balance.
• Banks reconciliation.
• Documents financial transactions by entering account information.
• Implements existing accounting policies and procedures to ensure that correct financial transactions are recorded in a timely manner.
• Coordinate with Internal Auditor.
• In-coordination with other department managers, prepares the annual company budget documents.
• Recommends financial actions by analyzing accounting options.
• Maintains accounting controls by preparing and recommending policies and procedures.
• Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
• Maintains customer confidence and protects operations by keeping financial information confidential.
• Bank Transaction(preparation of bank credits)
• Accounts Payable with Reports.
• Accounts Receivable with Reports.
• Reports of the money Collecting
• Dealing with treasury.
• Customer Reconciliations on monthly basis.
• Supplier Reconciliations on monthly basis.
• Sales, Purchases and inventory Reports.
• Reports of Cash On Hand, Reports of position of money in the banks.
• Auditing skills Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Calculate asset retirement obligations for those fixed assets to which AROs are applicable.
• Investigate the potential obsolescence of fixed assets.
• Conduct periodic impairment reviews for intangible assets.
• Conduct periodic physical counts of fixed assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Prepare property tax returns.
• Represent the company during any audits by a government that involve fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
Audit the accounts of corporate clients to our office and create the reports .
Based to perform and control the full audit cycle including risk management and control management over operations effectiveness, financial reliability and compliance with all applicable directives and regulations
Determine internal audit scope and develop annual plans
Obtain, analyses and evaluate accounting documentation, previous reports, data, flowcharts etc
Prepare and present reports that reflect audit’s results and document process
Act as an objective source of independent advice to ensure validity, legality and goal achievement
Identify loopholes and recommend risk aversion measures and cost savings
Maintain open communication with management and audit committee
Document process and prepare audit findings memorandum
Conduct follow up audits to monitor management’s interventions
Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
Bs.C. In Business Studies (Accounting & Finance ) Sudan University of Sciences & Technologies. having valuable
Diploma in Computer (Office Applications, Internet & Quick Books) * Strong knowledge of Microsoft Office (Excel, Word, Power Point) * Working knowledge of ERP and costumed based financial accounting software. * Peach Tree *Oracle and Cyber Solutions.