financial controller manager
holding co.
Total years of experience :24 years, 0 Months
Financial Manager to Group of Companies in Qatar
- (Travels 5 branches ; Ice Factory, Water factory ; Cargo; Furniture ; 2 Channel TV and Pharmaceutical Company)
- From 2009 up to Apr2017
-Doha Master Engineering, Master Engineering services from May 2017 up to Now
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- preparing the budget quarterly and investigate the variance
- preparing the financial report to present to board of directors
- check the cost monthly and investigate any variance
- following Check the collection from customer
- preparing cash budget and try to covering any short happens .
- following bank facility (lone, LC, LG.....)
- check the company policies and stander and it is confirmed with international accounting standers.
Brief of My experience and tasks
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1. Investigation all the account (Assets, liability and owner equity).
2. Check the internal control for organization and if find any short take appropriate action to corrected and ensure accuracy, reliability and propriety of transaction and accounting records.
3. Preparing quarter financial report to Chairman of Board of Directors and give my recommendation.
5. Settlement transaction between branches.
6. Prepare the budget (static budget, flexible budget, sales budget , production budget, cash budget, pro forma income statement, pro forma balance sheet, and cash follow )
7. Analysis the variance ( sales budget, production budget, overhead ….) whatever favour or unfavour .
8. Preparing financial report for all the companies (Balance sheet, income statement, cash budget, cash flow and preparing Financial Report to holding companies that will show the result of all affiliated companies and present to Board of Directors
9. used the forecasting technical ( benchmarking, simple regression, regression analysis, time series analysis ( trend, cycles, seasonality irregular variation )
10. Used learning curve analysis ( estimated cost of labor based on increase learning )
11. Establishing internal control by creating policies, rules and procedures for the company concerning accounting controls and administrative controls.
12. Assessing the risks and determine whether or not the risks are material or immaterial. Create management solutions or get other compensate depend for situation.
13. Determine the Type of risk (inherent, control, detection risk)
14. Focusing on preventing the risk before processing and detection.
15. Evaluate the organization and determine the observation and adherence to the rules and procedures of the organization.
16. Preparing statistics budget and flexible budget and compare it with the actual budget to analyze the variance favor or un-favor.
17. Preparing income statement based on internal use and external use for the evaluation division. (GAAP)
18. Strict adherence to the ethical principle of IMA (honest, fair, objective, responsibility).
19. Strict adherence and compliance on IMA standard (competency, confidentiality, integrity & credibility).
20. Evaluate manager’s performance.
21. Evaluate the inventory based on weight average and FIFO.
22. Determine the prices between the departments based on variable cost or market rate.
23. Allocation overhead of activities by using cost driver appropriate for each activities
24. Allocate overhead of services department and determine the best cost driver.
25. Establish the internal audit and the distribution duties between the employees and manage the work.
26. Segregation of duties and safeguard of assets.
27. Determine the quantity that should be produced during the years.
28. Determine the purchase quantity for the year. (For inventory control).
29. Evaluate each division by using the return in investment and residual income.
30. Establish system account for any company depending on the nature of business.
31. Evaluation of the organization by using the balance scorecard. (Customer, finance, internal processing, innovation).
32. Evolution division manager performance by used return in investment, residual income
33. Prepare disaster recovery plan for the information and data of the holding companies.
34. Prepare cash flow based on (operational activity, investing activity, financial activity).
35. Used current, quick ratio and return on assets, return on equity, gross profit margin, debit ratio, earning per share for Assessment.
36. Forecast the sales base on regression analysis, multiple linear regression and time series.
40. Used benchmarking in evaluating the process of organization.
- Preparing financial reports (Balance sheet, income statement, cash budget, cash flow, and preparing to consolidate Financial Report to holding companies that will show the result of all affiliated companies and present to the Board of Directors.
- Identifies the organization risks, evaluation, ranking and take the correct action to reduced or avoid or transferred it
- Conduct an investigation on all the accounts (Assets, liability and owner equity).
- Check the internal control of the organization and take appropriate action to correct and ensure accuracy, reliability, and propriety of transaction and accounting records.
- Preparing a quarterly financial report to Chairman of the Board of Directors and give my recommendation.
- Evaluation of divisions and managers performance.
- Prepare the budget: Static budget, flexible budget, sales budget, production budget, cash budget, pro forma income statement, pro forma balance sheet, and cash flow.
- Analysis of the variance: Sales budget, production budget, overhead, whether favorable or unfavorable.
- Analyzing and determine the cost center for projects and organization
- Ability to evaluate the activities to reduce costs and remove the activity not profitable and do not add value to a product or service.
- Analyzing financial report to help top management for a decision taken
- Helping to determine Breakeven Point, Margin of Safety and Target Operating Income for the organization.
- Analyzing the liquidity ratios, profitability ratios, Capital Structure Ratios, and earnings coverage.
- Preparing COMMON-SIZE FINANCIAL STATEMENTS to analyze and compare different between Similar company and an industry average.
- The ability to determine Maturity matching equalizes the life of an acquired asset with the debt instrument used to finance it.
Investigation all the account ( receivable and payable and Assets)
Check the internal control for accounting control and if find any short take appropriate action to corrected and ensure accuracy, reliability and propriety of transaction and accounting records.
Preparing quarter financial report and give my recommendation
Evolution of divisions and managers
Settlement transaction between branches
Financial Manager to Group of Companies in Qatar
(Travels 5 branches ; ice Factors, water factors ; Cargo; 2 Channel TV and Pharmaceutical Company
evaluation capital investment, preparing the budget, variance analysis, evaluation division & performance, preparing the financial report, evaluating internal control recovered the weakness & helping in the decision of continuous or non-continues business.
I am certified ACCA , CMA part 2