Finance Accounting Head
Freelancer
Total years of experience :21 years, 5 Months
A comprehensive Review of the Finance Department, Guidance, Organize, Coordinate and supervise the accounting operations and maintain related financial records, Lead and mentor the finance team, and ensure the professional development of team members.
• Prepare accurate and timely financial statements (Balance Sheet, Income Statement, and Cash Flow & Equity) and related analysis in accordance with IFRS.
• Prepare financial and managerial reports for top management and stakeholders.
• Reviewing Investments in Joint Arrangements and Oversee cash flow planning and management to meet operational needs and investment objectives.
• Reviewing Borrowings & Lease liabilities Accounts and Right-of-Use assets (ROU).
• Establishing financial policies, regulations, procedures and controls, developing them and ensuring their implementation.
• Streamline financial processes to optimize accuracy and timeliness to enhance the efficiency of the accounting function.
• Preparation budgets and forecasts (Design and update budget templates for the collation
Of information).
• Analysis actuals vs. budgets and analysis variance on a monthly / Quarterly /annual basis
And identifying areas of variance.
• Implement financial risk mitigation strategies, including market risks, credit risks, and liquidity risks.
• Collaborate with department heads to develop and manage annual budgets with the approved guidelines.
• Ensure compliance with tax processes, covering corporate tax, and other applicable taxes.
• Coordinate and provide necessary documentation and support for external audits and financial statement reviews.
• Review all functions handled by Accountants (AP, AR, payroll, etc.)& approve journal entries.
• Prepare monthly bank reconciliations for all bank accounts, analysis bank accounts, follow up and resolve all outstanding issues.
• Prepare Income Statement actual vs. budget by event.
• Reviewing financial records to ensure they are accurate and compliant.
• Ensure applicable policies and procedures are being adhered to.
• Coordinates activities with other departments and work groups as needed.
• Assist to identify areas where the business can become more efficient, particularly when purchasing supplies for multiple events.
• Assess overall financial picture, understand needs and develop a solid financial plan.
• Oversee the course of the financial plan and update it, if necessary, to ensure profits.
• Provide strategic advice across a variety of financial services (Financial Planning and Analysis, Financial Reporting, Risk Management, Cash Flow Management).
• Guide owners towards a profitable and secure financial decision.
• Keep abreast of new industry’s trends and research market to back up financial consulting.
• Comply with all industry rules and regulations.
• Coordinate and manage external audits and liaise with auditors.
• Ensure compliance with local and international financial regulations.
Organize, coordinate and supervise the accounting operations, and maintain related financial records, supervise the assigned personnel, review, and guidance as per approved policies and procedures tasks related to Month-end Financial Closing.
• Prepare financial statements (Balance Sheet, Income Statement, and Cash Flow & Equity) and related analysis.
• Assist in budget preparation.
• Analysis actuals vs. budgets and analysis variance on a monthly / Quarterly /annual basis
and identifying areas of variance.
• Prepare cash flow analysis actuals vs. forecasts.
• Perform month end closing functions and reports submitted to internal management.
• Prepare monthly bank reconciliations for all bank accounts, analysis bank accounts, follow up and resolve all outstanding issues.
• Responsible for closing books at year end upon completion of annual audit.
• Maintaining records for LCs and Guarantees.
• Review & approve payment vouchers & journal entries.
• Prepare aging report, follow up pending issues and Discuss with head of related departments on a monthly basis.
• Motivates, coaches and further develops my team to achieve our agreed objectives and demonstrate behaviors that support the company’s values and strategy.
• Review all functions handled by subordinates (AP, AR, FA, etc.).
• Ensure applicable policies and procedures are being adhered to.
• Coordinates activities with other departments and work groups as needed.
Responsible for GL, Fixed Assets, Inventory and Intercompany.
GL:
• Record and maintain all prepaid accounts related to rent, maintenance, and waste removal.
• Record accrual for bad debts and other accruals when necessary.
• Prepare monthly R&M report.
• Provide ad-hoc reports and analysis.
• Responsible for general accounting functions and analyzing budget Accounts for auditing.
• Analyzes, Monitors and reconciles expenditure & revenue accounts.
• Responsible for general ledger, journal entries and Complete Monthly Closing.
• Maintains the various ledger accounts including reconciliation of the District general ledger, revenue accounts, expenditures, and cash balances.
• Procedures, analyze revenues to see whether they are correctly reported, prepare Monthly account reconciliations.
Fixed Assets:
• Managing / reviewing fixed assets (Additions and disposals made during the month).
• Run monthly depreciation in Sun system.
• Prepare all fixed assets reports.
• Perform monthly depreciation reasonability test.
• Perform a sample physical count and match results with system.
• Match GL balances with report balances.
• Record all transactions related to Construction in Progress.
• Reconciliation of Assets Register module with GL.
Inventory:
• Record all inventory transactions made during each month.
• Perform a sample physical count at the end of each month and report differences within the internal control framework.
• Acting as a focal point between stores and finance.
• Reporting on the movements in Stores to management.
• Reconciliation of inventory module with GL.
Intercompany:
• Record intercompany transactions.
• Match balances with related parties.
• Receive, Record the invoices, Review Supporting documents, arranged payments in timely.
• Prepare the Real Estate Owners Cheques.
• Review monthly payroll and facilitate the disbursement of salaries in coordination with HR and Maintain payroll master file.
• Maintain petty cash statement, record transactions and updating the books of accounts.
• Forwarding documents to authorized signatories for their signature and necessary follow up.
• Preparing monthly reconciliations for suppliers Accounts.
• Maintains updates and backups for all financial files and records.
• Archiving documents related to the financial department in a proper manner that prevents their accumulation or confusion.
• Carrying out other responsibilities requested by the Head of Accounting.
• Claims Management, Link between insurance & Financial Category.
• Monitor the credit limits and credit terms by customer and ensure no deviation.
• Managing Patient Accounts & Managing price list, Create final bills for inpatient.
• Check and maintain the customer records.
• Reviewing, verifying and recording the credit notes issued to customers.
• Get balance confirmation from customers on a timely basis.
• Customer Service Representative in Telecom Egypt account inbound call.
• Receive and record invoices and arranged payments.
• Deposit the collection in the banks and Calculate and distribute wages and salaries.
• Prepare journal entries and reconciles general ledger and Subsidiary accounts
• Prepare monthly bank reconciliations for all bank accounts.
• Monitors, Analyzes and reconciles expenditure, revenue, AR, AP, and All GL accounts.
• Prepare journal entries and Maintaining Petty Cash.
• Physical count at the end of each month and report differences.
• Receive and record invoices and arranged payments.
• Assist with financial and operational audits as required.
• Higher Diploma in Business Administration, Financial Management Department.
• Bachelor's degree in Commerce, Accounting Department.