Finance manager
Kitchen club factory company
مجموع سنوات الخبرة :17 years, 9 أشهر
Develop and implement financial strategies to support the companys growth objectives and ensure long‑term financial sustainability. Oversee the preparation of financial reports, budgets, and forecasts, and provide insights and recommendations to senior management. Manage trade finance facilities, including letters of credit, trade finance loans, and other financing arrangements. Ensure compliance with regulatory requirements and best practices in financial reporting and risk management. Build and maintain strong relationships with European banks and financial institutions to support our trading activities. Lead the finance team in day‑to‑day operations, including accounts payable, accounts receivable, and cash management. Collaborate with other departments to optimize processes and drive efficiencies across the organization. Provide strategic guidance and advice to senior management on financial matters and business opportunities.
Develop the companys financial policies and procedures and work to implement them Manage the companys financial activities including credit with banks Supervising all activities in the accounts department Preparing the companys annual estimated budgets Preparing the expected monthly cash flows and reviewing them periodically Ensure that reports are clear and prepared in accordance with the standards on a monthly basis Preparing the annual financial statements Cooperating with the external auditor to approve the financial statements and submit tax returns on time Follow up on the companys projects periodically and analyze opportunities and risks Reviewing monetary policies and reimbursing suppliers and subcontractors Reviewing the purchasing policy and setting the appropriate procedures for it and following it up Assisting the companys management in pricing new tenders
Provide financial reports and interpret financial information to managerial staff while recommending further courses of action. Advise on investment activities and provide strategies that the company should takeMaintain the financial health of the organization. Analyze costs, pricing, variable contributions, sales results and the companys actual performance compared to the business plans. Develop trends and projections for the firms finances. Conduct reviews and evaluations for cost‑reduction opportunities. Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.Manage the preparation of the companys budget.Liase with auditors to ensure appropriate monitoring of company finances is maintained. Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
Responsible for presentation and analysis of financial reports with provide my recommendations to the Board of Directors Advise on investment activities and provide strategies that should be taken Analyze costs, pricing, variable contributions, sales results and the companys actual performance compared to the business plans. Conduct reviews and evaluations for cost‑reduction opportunities. Manage the preparation of the companys budget. Management and guidance of the companys internal audit
Property sector consists of 5 companies (Real estate co. - Al Motweroon International co. ‑Engineering consultant office - Farms - catering co, properties portfolio) Managed the treasury department through cash flow forecasting and arranging bank facilities for each project. Supervised preparation of the master budget on a yearly basis and updating the rolling budget quarterly based on actual results of projects. Prepared financial risk mitigation plans through managing cash, reducing overdue receivables, and controlling inventory turnover. Developed external relations with external stakeholder as banks, suppliers and clients. Controlled internal financial relations with sister companies and corporate office. Managed and monitored working capital elements through supervising collections and companys payments. Managed periodic financial closing and reporting procedures. Supervise financial statements preparation and analysis to present reports to management committee every month.
• Participated in the company’s strategic planning, budgeting and preparing financial forecasting each year.
• Participated in the company’s risk management plans and work closely with departments’ managers to mitigate significant risks.
• Prepared the company’s Master Budget and work with project control department to monitor the projects progress, expenses and analyze variances.
• Prepared all types of capital budgeting and feasibility studies for new investments.
• Managed cost reporting, control, and periodic financial closing.
• Prepared financial analysis for financial results for the company and per each project and compare it with benchmarks from the Saudi market.
• Forecast cash needs and expected collections and managed payments to vendor, collections from customer, and bank facilities.
• Worked closely with fixed assets department and warehouses department for developing their work, prepare productivity and turnover reports for decision making.
• Prepared the monthly analysis and prepared the presentation for management.
- Ensured timeliness of vendor payments by matching, batching, and coding invoices for
processing.
- Maintained monthly depreciation and amortization schedules.
- Reconciled general ledger accounts and bank statements.
- Prepared necessary adjusting journal entries and period end financial statements.
o Developing inventory analysis reports and analyzing variances
o Assisting in the improvement in internal controls related to inventory
o Verifying accurate standard costs
o Monitoring inventory transactions
o Reconciling inventory accounts to the general ledger
o Preparing monthly journal entries as needed
o Special projects as required
o Perform accounting functions as assigned including, but not limited to book, reconcile and report in-force premium, direct written premium and loss fund balance, retro accrual, cash, cash applied to A/R, bad debt allowance and non-admitted A/R on a monthly basis as well as for any GAAP
o Back-up month-end duties assigned to other Senior Accountants
o Assists in preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports. Assist in providing follow-up and documentation of significant variances.
o Assist with completion of the quarterly and annual regulatory filings; preparation of assigned Quarterly and Annual Statutory Statement pages/schedules.
o Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, targeted balance calculations and enhancements to online services.
o Monitor positive pay exceptions.
o Bank liaison.
-preparing accounts and tax returns
-administering payrolls and controlling income and expenditure
-auditing financial information
-compiling and presenting reports, budgets, business plans, commentaries and financial
statements
-analysing accounts and business plans
providing tax planning services with reference to current legislation
-financial forecasting and risk analysis
dealing with insolvency cases
-negotiating the terms of business deals and moves with clients and associated organisations
-meeting and interviewing clients
-managing colleagues, workloads and deadlines.
bc of comarce