Finance And Accounting Manager
Bench business advisory company
Total years of experience :16 years, 11 Months
• Analyzing different project related accounts and making comparisons between budgeted cost and Actual with financial commentaries explaining variances and recommending corrective action.
• Assist in streamlining AR process and create an effective receivables ageing analysis, bad debts entries also if needed.
• Calculating percentage of Completion for projects and recognizing Revenue.
• Calculating all unrealized gain or loss for the investments on a monthly basis and directing the proper entry in system.
• Forecast cash flow positions, related borrowing needs, and available funds to meet ongoing operational and capital investment requirements.
Contact with relationship mangers at banks (Local, International banks) and maintaining positive working relationships.
• Prepare periodic reports in respect of loans, collateral with banks and action should be taken on monthly basis till the maturity date.
• Attending board and senior management meetings for taking the best decision, advising management on the liquidity aspects of its short- and long-range planning.
• Verifying and approving payments to vendors, subcontractors.
• Reviewing & confirming all deduction should be deducted on the subcontractors (retention, Insurance, AP, payments through LC, other deductions).
• Verifying payroll calculations from HR department before final signature.
• Controlling &verifying various types of bank accounts with the team on a monthly reconciliation (Current, LAC, Screw accounts).
• Reconciling modules with GL and directing the proper action if there is any variance between both.
• Reconciling and controlling all accrued, prepaid, provisions & suspense accounts on monthly basis.
• Reviewing receivable transactions on the system, and confirming with the received PC’s values.
• Building new strategies for maintaining existing or new LG’s (issued & received).
• Monthly P&L, balance sheet reports .
• Maintain system of policies and procedures that impose an adequate level of control over treasury activities, building new report for maintaining available and utilized facilities from Banks.
• Ensure all new contracts or renewed issued from banks meets our requirements with the best terms and interest rates, morabha (All bank facilities over draft, loans, bonds, guarantees & LC’s).
• Working on great plains accounting system and super user for new system (AX Dynamics).
• Handling any issue between departments and Finance & account department.
• Handling external audit for the year end (KPMG).
• Supervise team contains of 12 employees with different nationalities (H.O.& site accountants )
• Forecasting cash flow on weekly basis.
• Reviewing cash flow for sales and released payments on weekly basis.
• Checking bank status, payments for foreign and local suppliers.
• Verifying payroll for the group from HR and their entries in finance and accounts department.
• Approving all leave, indemnity, payments and provisions from HR department with their entries on monthly basis.
• Verifying depreciation, amortization for the group on monthly basis.
• Verifying aging report on monthly basis.
• Verifying and checking costing for all purchased inventory (Swarovski, Makeup Store & Fabrics).
• Reviewing and approving cost allocated for abayas including direct and indirect from the cost accountant in the factory.
• Reviewing and approving all margins (Swarovski, Makeup Store &Abayas).
• Checking food cost report with its breakage, consumables and its breakdowns on monthly basis.
• Reviewing any updated recipe with its approved margin as per company policy.
• Manage the team if there is any spot check for any location, inventory schedule for any location.
• Comparing sales and COGS between systems.
• Checking all checks and payments transfers before sending to GM.
• Approving all petty cash reimbursement for the group.
• Checking all prepaid and accrual expense for the group.
• Verifying and reviewing monthly package (P&L) and balance sheet .
• Super user for new system AX dynamics, (Previous system was used Al Ameen for accounting, RMS For Inventory, Mistro For Human resources (Leave and provision calculations) & micro for food & beverages reports).
• Try to solve any problem happens in any location related to finance under guidance for general manger.
• Handling external audit file & any inquiry for Year ended 2016. (Al baize External Audit).
• Supervise team contains of 8 employees with different nationalities .
• Reviewing & posting journal, ledger entries in GL.
• Reconcile bank balances with our cashbook balances on monthly basis and reporting after tallying balances.
• Verifying customers (receivables related to Projects) & posting them in GL.
• Verifying retention payable, advance payments entries for sub-contractors, retention receivables also.
• Reviewing LC charges related to the proper job cost and Project.
• Verifying all promissory note, Interest calculations supported from banks.
• Reviewing and checking the contract related invoices and also posting them in GL.
• Verifying amortizations, depreciation for the entire group before posting.
• Designing & producing new MIS reports for monthly management decision making including project cost control.
• Doing table of Investments (Shares) makes its Entries. (Unrealized (Gain/Loss)).
• Calculating changes in all kind of Investments (Subsidiaries, Associate, Available for Sale, at fair value through Income stat.)
• Reviewing TB, Adjusted Entries.(Accrued, Prep. Exp., Etc.)
• Reviewing all profit & loss entries.
Income statements and balance sheet on monthly basis.
• Big support in finishing quarter & final consolidated balance sheet, cash flow, income statement for the entire group.
• Finishing work with external audit at balance sheet closing time, preparing audit file.
• Verifying checks released before signing from finance manger.
• Worked In great planes system For 2 Years, Then IFS ERP System.
• Super user in implementing the new ERP for the group. (IFS ERP System)
Checking & changing the full cycle for selling, Purchasing, Inventory & Accounting wise procedures.
• Bank, journal invoices & their entries .
• All salaries entries .
• Verifying Hr. transfer letters for Indemnities, leaves and all their entries in system.
• Entering retention, advance payments entries for Sub-Contractors.
• Entering all cash receipts in system.
• Handle all banks reconciliations.
• Deprecation for assets & its entries .
• Enter all reports to central bank of kuwait related to Mena Investment Co.
• Working with al shamel Program & advance program.
• Promoted From accountant to senior accountant.
• Responsible for recording monthly repeated entries.
• Responsible for recording monthly revenues and invoices.
• Following appropriate invoice recording.
• Handle all banks reconciliations.
• Ensure that accounts payable processes are followed.
• Worked with oracle system.Responsible for recording monthly revenues and invoices.
• Following appropriate invoice recording.
• Handle all banks reconciliations.
• Ensure that accounts payable processes are followed.
• Worked with oracle system.
• Responsible for recording monthly revenues and expenses for the school.
• Responsible for recording monthly repeated entries.
• Making journal & ledger entries.
• Making all AP & AR entries.
• Responsible for the payroll for employees.
• Handle all the administrative and counselor work in school.
I was an a External Auditor in a group contains of 3 accountants we handle about 4 companies to review their accounting work like AP, AR, Income statement, Trial balance & balance sheet . we also worked on a accounting program to facilitate our job .called (msharii). we also go to the companies to check all the inventories and man power and configure their accounting systems.
Principles intermediate and advanced financial Accounting (5 courses). AIS, MIS, Logistics, marketing, Cost accounting (3 courses) Advanced Managerial Accounting, Audit (3 courses). Egyptian& American taxation System (CPT) Basics of Civil & Commercial law. my specification in it was accounting we was getting about 14 material per year beside the practical work like: - Logistics Project: [3rd Year in College] - Excellent team working skills developed through leading a team of 5 in conducting a presentation about the embedded stages of recruitment, screening process, selecting candidates, training sessions and compensations to employees, [Arab Bank].
got the International certificate driving licence ( ICDL ) from unisco under the licence of facult of commerce and it includes: 1- windows 2-word 3-excell 4-powerpoint 5-internet 6- outlook 7-information technoligy i got it level no. 4