Finance Manager
GROUP OF COMPANIES ً(Wholesale/ RETAIL ) FMCG - AUTO
Total years of experience :19 years, 8 Months
1- Assist in Strategic plan
2- Manage company Budget Preparation , issue Master Budget with Management approval
3-Prepare comparative report between approved Budget Vs achievement in attach to Variance Explanation
4- Issue Periodical Financial |Statements ( Balance Sheet) for all companies and consolidated statement.
5- Provide Profit & Loss reports for all company units and segments like ( Branches, Departments, Customers , SKU, Salesman, ...etc )
6- Excellent Cash flow Management to maintain company liquidity and avoid financial Stress or slack .
7- Follow up Customers Aging to improve collection plan and reduce Bad debts.
8-Make sure all company disbursements placed in efficiency and effectiveness manner
9- Cost Management and reduction depend on Cost Behavior Monitoring and focus on weakness elements
10- prepare Financial Analysis reports (such as SWOT analysis, Break even point, PARITO ..etc) to help management to take sound decision
11-Prepare accurate Monthly VAT return, and maintain filling with related documents .
12- Calculate Excise Tax for applied products and submit the return
13- Motivate and lead Finance Team in the organization to achieve company Goals
14- Professional deal with Saudi custom and Logistic Agents till goods deceleration then to warehouse
15- review Customers Contracts to ensure that terms and condition is fair for company
16- Inventory Control by professional ways to detect fraud or error .
17- Control purchase cycle and payable accounts whatever import or local.
17- observe All branches activity day to day and overcome Obstacles
18- review and approve Monthly payroll
19-Provide creative alternatives and recommendations to reduce costs and improve financial performance.
20-Minimize credit risk of the company by exercising proper control on receivables and comply with credit policy.
21-Maintain financial records & systems
in accordance with IFRS & accounting Standards
22-coordinate with External auditor for Financial statement issuance and annual ZAKAT return
Review subsidiaries Financial Statements and focus on investment return and equity and monitory interest
Prepare Consolidated Financial Statement for Holding Company and Standalone
Prepare Board Report and ensure that all reports provide to the management are timely and accurate to make sound decisions.
monitor investment behavior and provide analytical report by investment trend
manage foreign bank transaction and investment fund and prepare reconciliation
follow up foreign investment and receive financial statement to review and monitor dividends plan to receive it
manage personal investment activities for the owner like mortgage, real estate, Farm accounts..etc
monitor securities and shares performance, trading securities and available for sale and record gain or losses
Manage budget procedure according to company calendar and conduct with departments and set the Master Budget.
Manage daily accounting activities and recording ensuring that proper accounting and recording of company transactions are performed in an accurate and timely manner;
Managing company's cash flow and ensure cash flow should be as per or better than the plan and be aware of Cash Red Flags.
Oversee the development and implementation of policies, procedures and controls covering all areas of finance so that all relevant procedural/legislative requirements are fulfilled.
Provide creative alternatives and recommendations to reduce costs and improve financial performance.
Monitoring Portfolios Performance and provide report to MD regarding several securities Trend •Ensure financial & internal controls of the company are in place by conducting reviews and controlling costs.
Control and evaluate capital expenditure requests by computing IRR, NPV payback and profitability report by all dimensions (Product, Region, Machine, customer, etc.) and submit the report within 15 day after the end of each quarter.
Assist management to set long term strategic and financial planning to achieve organization target goals.
Supporting management in decision making, problem solving with Can Do attitude to achieve business results.
Manage the team and motivate them to achieve their targets as required by business and lead them by example.
Monitor and direct the implementation of strategic business plans
Develop financial and tax strategies
Manage the capital request and budgeting processes Develop performance measures that support the company's strategic direction
• Prepare monthly, quarterly, annually financial statements (Consolidated and Standalone) and control the accounting procedures.
• Ensure accurate and timely end of the period close accounts.
• Coordinate operations of the accounting department, execute accounting processes and ensure that the accounting standards are followed.
• Enforce budgetary controls; avoid wastage & misuse of resources & highlighting any variances to senior management.
• Organize and maintain accurate company accounting records investigate, analyze and deal with financial irregularities.
• Ascertain that the assets of company are
safeguarded by making periodic physical count and balance confirmation atleast twice a year.
• Function as a key point of contact with banks, external auditors and other external regulatory bodies so that they trust company financial position
• Collaborate for improving quality of accounts receivables by collection follow-up and make periodical confirmation.
• Professional management of asset & liabilities, receivable, inventory payable, banks, etc.
• Actively participate in budget preparation and variance analysis, control expenses for the identified cost centres so that budgetary figures are achieved.
• Monitor and verify accounts payable process ensuring timeliness and accuracy by scrutinizing invoices received.
• Exercised a strong control over accounts receivable, ensured payments from customers are received as per the prescribed credit norms of the company.
• Ensure effectiveness and efficiency of Internal control
• Prepare monthly, quarterly, annually financial statements (Consolidated and Standalone) and control the accounting procedures.
• Ensure accurate and timely end of the period close accounts.
• Coordinate operations of the accounting department, execute accounting processes and ensure that the accounting standards are followed.
• Enforce budgetary controls; avoid wastage & misuse of resources & highlighting any variances to senior management.
• Organize and maintain accurate company accounting records investigate, analyze and deal with financial irregularities.
Key Responsibilities: Financial Analysis
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Prepare and manage budget procedures and gathering data from related parties till issue master budget
-Analyze financial statements (Vertical & Horizontal Anaylsis) and reports to senior management and director wih proposing recommendations. Liaise with banks and other financial institutions.
• Consolidate and analyze financial data including budgets, income statement forecasts etc. considering company’s goals and financial standing.
•
- Prepare comparative analysis reports for alternative of investments
- Coordinate with the finance team in preparation of accounts, review and authorize their postings and sort out the discrepancies.
• Effectively perform ratio analysis to understand the exact financial position, highlight returns on investment and provide comprehensive information on liquidity and profitability position of the company.
• Perform research to identify new and profitable avenues of investment and monitor the organization's investment portfolio to gain maximum returns
Perform regular financial reporting, operational metrics tracking and prepare for regular leadership reviews
· Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements. Evaluate financial performance by comparing and analyzing actual results with budget, business plans and forecasts
· Analyze financial data and create financial models for decision support.
· Work closely with the accounting team to ensure accurate financial reporting
· Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards. Increase productivity by developing automated reporting tools
· Perform market research, competitor benchmarking, business intelligence and stay abreast of macro-economic trends
Key Responsibilities:
Accounting Management
• Prepare monthly, quarterly, annually financial statements (Consolidated and Standalone) and control the accounting procedures.
• Ensure accurate and timely end of the period close accounts.
• Coordinate operations of the accounting department, execute accounting processes and ensure that the accounting standards are followed.
• Enforce budgetary controls; avoid wastage & misuse of resources & highlighting any variances to senior management.
• Organize and maintain accurate company accounting records investigate, analyze and deal with financial irregularities.
Prepare Quarterly Consolidated financial statements in order to ensure financial information on the business is clear and as per accounting and IFRS standards .
• Prepare financial budgets, cash & financial forecasts by collected information from relevant department and consolidating. Issuing management report on current financial performance in comparison with the Budget, Last year, forecast for the month and year to date basis. Carrying out analysis & presenting the results to
management team.
Provide creative alternatives and recommendations to reduce costs and improve financial performance
• Develop financial models, conduct benchmarking and process analysi
• Ensure assets of company are safeguarded by making periodic physical count and balance confirmation least twice a year
• Control and evaluate capital expenditure requests by computing IRR, NPV & payback
• Prepare quarterly profitability report by all dimensions (Product, Region, Machine, customer, etc.) and submit the report within 15 day after the end of each quarter.
• Coordinate with internal & external auditors, zakat consultants, insurance consultants & other relevant parties by ensuring risk analysis is carried out & businesses are in line with relevant laws & regulations
• Ensure financial & internal controls of the company are in place by conducting reviews and controlling costs, enforcing budgetary controls, avoid wastage & misuse of resources & highlighting any variances to senior management
• Supporting management in decision making, problem solving with Can Do attitude to achieve business results.
• Minimize credit risk of the company by exercising proper control on receivables and credit practices.
• Manage the team and motivate them to achieve their targets as required by business and lead them by example.
• Any other responsibility as per line manager and management instruction
• Monitor daily transactions and ascertain their proper treatment in accounting books, maintain accurate record of transactions.
• Develop accounting reports to be submitted to the management to enable decision making, ascertain that all statutory reporting is carried out in time.
• Reconcile with relevant authorities and ensure compliance to all accounting and internal control procedures.
• Coordinate with internal & external auditors, insurance consultants & other relevant parties by ensuring risk analysis is carried out & businesses are in line with relevant laws & regulations.
Iam studying Master of Business Administration in Cardiff Graduate will be in 2020
• CMA (Certified Management Accountant) IMA – USA, Oct 2016 • CFC (Certified Financial Consultant) IFC – USA Sep 2017 • BEC, Cambridge UK-2015