Finance Manager
Arabian Can Industry LLC
Total years of experience :6 years, 11 Months
- Develop reporting, analysis and modelling tools to provide the management team (in particular the General Manager) and the Board of Directors with timely, accurate, and Relevant Information to facilitate: effective business performance management; early warning of risks and challenges facing the business; and appropriate decision making.
- Lead, develop, and manage the finance team. Set individual objectives and manage their performance to achieve a high standard of accounting integrity. Develop individual job cover.
- Manage the monthly accounts closing process, ensuring that Group reporting deadlines are met and the financial information provided is accurate.
- Take responsibility for the ERP, ensuring effective and efficient work flows, controls, integrity of data and managing upgrades, enhancements or implementations where appropriate.
- Liaise with the external auditor to ensure so far as possible that the accounts are published and audited with a minimum number of audit points.
- Develop and manage a proactive activity-based costing system that facilitates appropriate pricing decisions and supports management in understanding the performance of the business.
- Work closely with Group Treasury team to maximize the efficiency of cash resources and make returns to shareholders where appropriate.
- Take the lead responsibility for advising on accounting and financial reporting matters, referring to the Group Consolidation and Reporting team where appropriate.
- Lead and manage the arrangements for preparing the Annual Budget in conjunction with the department managers and GM. Preparation of the Budget pack and the rolling 3 year Business plan to ensure the management team and Board Members have the right information to take appropriate decisions.
- Develop and implement a KPI matrix to drive a culture of accountability and assess performance against financial goals, strategic budgets and targets.
- Establish and institutionalize financial and accounting policies, procedures, controls, processes and systems.
- Ensure segregation of duties and fraud detection mechanisms.
- Prepare and take part in negotiations with vendors, suppliers, and other external parties to secure win-win deals for the Company.
- Ensure that the Company complies with all legal and financial regulatory requirements.
- Manage the preparation of the Monthly, Quarterly, and Annual reporting for P&L, Balance sheet and cash flow.
- Perform internal financial reporting, financial analysis, trend analysis, variance analysis, forecasting and budgeting, financial controls, balance sheet & P&L analysis.
- Coordinating with external auditors by providing the required information to conclude the audit in a timely manner.
- Oversee management of AR, AP, GL, Fixed assets, Bank Recon, Costing & inventory
- Continuous review and up-gradation of the systems, processes, policies & procedures to successfully accomplish the organizational objectives.
- Reviewing Quarterly VAT filling and accuracy of FTA payment.
- Developing, training, reviewing the accounting team performance and appraisal
- Ensure internal financial controls and compliance with IFRS.
- Monitor the day-to-day accounting function in terms of AP, AR, Credit Control, GL, Treasury, Fixed Assets, Intercompany reconciliation, and Purchase order review / approvals.
- Lead the month end / year end closing process.
- Ensure timely preparation of periodical financial reports & financial statements provide information on business performance to management.
- Manage the preparation of annual operating budgets (AOP) & quarterly rolling forecast.
- Ensure compliance with current budget and spending policies, and propose improved policies and systems regarding spending guidelines, cost savings, cost allocation, and annual planning.
- Review the cash management through cashflow & liquidity planning.
- Coordinate with the procurement team and sales team to develop appropriate plans for credit enhancement.
- Credit management, Quarterly credit review of the current customer
- Developing, training, reviewing the accounting team performance and appraisal
- Handle all inquiries from internal / external auditors, banks, and senior management.
- Assist in periodic SOX/Walkthroughs reporting in accordance with Del Monte Accounting Control Manual
- Reviewing Quarterly VAT filling and accuracy of FTA payment.
- Prepare Monthly / Quarterly / Yearly consolidation financial statements (Income statement, Balance Sheet & Cashflow statement).
(CMA) # 53618
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