Budget and Reporting Manager
Saudi manpower solution
Total des années d'expérience :16 years, 7 Mois
• Preparing the consolidation statements (income statement-balance sheet - change in equity - Cash flow)
• Prepare the annual budgets (capital &operation &financial)
• Creating and maintaining financial models and detailed forecasts of the organization’s future operations
• Preparing the company's cash flow reports periodically, on a monthly and quarterly basis.
• Monitoring the budget as a monthly wise and determine the variances
• Highlight the standard deviations over Revenue, Direct costs and Overheads,
• Financial performance analysis with the budget and priors’ years figures
• CAPEX, OPEX Analysis and Free cash flow analysis.
• Analysis the financial ratios versus the prior years and the industry benchmarking.
• Prepare the Analytical report with vertical and horizontal analysis with justifications.
• Prepare the Monthly financial performance report for the board meeting.
• Reviewing the reports extracted from the system and ensuring their validity and accuracy.
• Address the company's financial risks and opportunities, supervising the financial reporting and budgeting team.
• Analyzing market trends to discover business opportunities and maximize profits.
• Track company's financial status and performance to identify areas for potential improvement through market trends.
• Review the Reconciliations of related parties and intracompany transactions with subsidiaries and sisters’ companies.
• Design and prepare audit schedules for external audit procedures. providing all the requirements of external Auditor, and working to facilitate their accounting matters and what they require for issuing and approving the financial statements.
• Ensure accurate and timely availability of financial information for management’s decision.
• Prepare the percent of compilation (POC) according to IFRS15 revenue from contracts with customers.
• Managing GL, trial balance, chart of accounts. Monitor and analyze accounting data and produce financial reports or Statements, participating Preparing financial statements. Monthly, quarterly, and yearly closing.
• Review the related parties’ transactions that acts between (sisters’ companies and subsidiaries)
• Review the closing of provisions, accruals, prepayments and allowances of accounts.
• Review the record of letters of grantee (LG) and letters of credits (LC).
• Review the End of services (EOS) Calculation and remeasurement of the actuarial.
• Review the Calculation of the Expected credit losses (ECL).
• Provide supervision and management of day to day financial, tax/ GAZT, VAT, Withholding tax.
• Follow up the value-added tax declaration on a monthly basis and upload it to the Zakat and Income website.
• Preparing all group closing financial reports monthly and quarterly reporting system for each period.
• Review all operational costs (steel & asphalt cement &aggregates and Earthworks, asphalt work, blasting works).
• Determine the materials costs over the manufacturing process beginning of raw materials, WIP, Finish goods products.
• Calculate the applied rate to calculate the overhead costs at the beginning of the manufacturing cycle.
• Determine the opportunity costs resulting from the non-using of the full capacity.
• Review distribution costs of materials over the plants, crushers and steelyards and closing it quarterly wise.
• Review the indirect costs and reallocate it to the beneficiary projects.
• Monitoring the actual results and comparing it with the estimation costs, then review the deviations.
• Review the purchases orders of the suppliers.
• Review the dimensions, costs centers and value stream to ensure accuracy of distribution costs at the beneficiary projects.
• Review all the ipcs (mostakhlas)of subcontractors and accruals of vendors.
• Review the down payments and deducted it as fixed variable percent over contract period.
• Review the retention amounts of suppliers over the projects and purchase orders.
• Review the suppliers aging reports and changing over previous year and Advanced Payments
•responsibility of recording general entries
•responsibility of banks accounts
•monitor the procurement entries, bill invoices and monitoring rates and quantities
•responsibility of warehouses and inventory accounts
•prepare all financials statement and all reports needed
•work as night auditor
•work as supervisor payable
• calculate the tax expenses and deferred tax
•work on fadellio program
• all reported needed
Faculty of commerce - accountancy section