Group Finance Manager
Arab Union Glass
Total des années d'expérience :16 years, 8 Mois
Strategically
* Update Finance strategy to align with Group objectives, implement a framework to measure strategy
achievements whilst connecting teams to increase cross-functional collaboration
* Created business plan for all planets in addition to Actions plan
* Developed Cashflow cycle that was increase liquidity by 30%
* Developed strategies that work to minimize both financial and operational risk
* Worked proactively on threats & opportunities and identified solutions
* Formed investment activities and provided strategies to maximize the returns
Financially
* Managed the capital budgeting process based on DCF analysis
* Managed comprehensive budget including the: SWOT analysis, sales Budget, Production budget,
OPEX budget, CAPEX Budget, Procurement budget \[zero budget\], and set action plan
* Followed up on the capital adequacy of the group
* Managed effectively the business unit's revenues portfolio
* Coordinated with the CFO to finish the Policies, procedures, and cash matrix overall business units
* Acted as a key contact with the bank from negotiation to finished facilities.
* Developed the creditability for finance functions by providing timely and accurate results, reports,
forecasting trends, analyzing the variance
Accountancy
* built Costing sheets to calculate the cost per process and watched the cost pattern and
behavior plus continuous evaluation for cost-reduction
* Liaising CFO and external auditor to determine tax status and formatted a tax payment plan
* Implemented ERP system \[Odoo\] in serving the required financial and decisional reports
* Trained the accountants and finance team on reporting and building the budget \[ 5 accountants\]
* Managed the financial reporting system and internal control process.
* Took a strategic decision and long-term business plan
* Interpreted the financial information presented in financial statements & footnotes to shareholders and recommended further courses of action
* Set financial mechanisms to overcome the financial and operational risk
* Maintained external relationships with stakeholders
* Set rules for collection of past dues amounts and suppliers' payment
* Created a setup for inventory management and managed physical assets to achieve the best working capital performance
* Set a Cash-flow plan to control the cash resources and obligations and predict future trends
* Managed Master budget including the: SWOT analysis, sales Budget, OPEX budget, and CAPEX Budget.
* Oversee the day-to-day financial operations and upload reports.
* Established a documented cycle for the warehouse and organized the workflow between related departs.
* Managed risk factors such as currency, liquidity
* Associated with auditing activities by providing necessary information
* Liaising with the accounting team and taking proper directions to solve the problem they faced
* Created Financial statements for performance evaluation and investment purposes.
* Prepared the OPEX and CAPEX Budget and overall financial budget.
* Month-end, quarter-end, and year-end closing and created 4 financial statements
* Analyzed the actual cashflow and compared it to planned cashflow and worked on reducing the variance
* Monitor and control all functions inside the accounting dept. and daily review of the cash position
* Formatted Fixed assets documentation and procedures
* Monitor the required liquidity
* Participated to find out a quick solution regarding small and medium issues
* Developed financial models and analyzed them to support strategic initiatives.
* Reconciled Balance sheet accounts.
* Analyzed the financial statements and generated Ratios \[ W.C, ROI, liquidity, etc.\]
Achievements:
* Created a payment plan using the Microsoft Excel app. Instead of a highly costing application.
* Increased Cash collecting by 3.7% during Q2 compared to Q1 for the year 2020
* Analyzed receivable aging and payable aging
* Participated in the cash budget
* Reviewed Revenues VS. Costs to ensure achieving planned margin and report a variance if exist
* A Supported capital investment decision with a data model
* Prepared the monthly and quarterly financial reports
* Confirmed the balance of book records for all product inventory and confirm the actual balance
* Processed the sales order after making sure all the required items are available
* Invoiced the customers and calculated the sales tax then deduct the allowed discount
* Recorded the entries for accounts receivable
* Aged the Accounts receivable and follow-up the collection
* Issued the LC for suppliers and follow all processes until received the raw material
* Implemented a new ERP system and ensure historical data was uploaded
* Set the database for all product inventories and item cards.
* Recorded all supplier's invoices and entries
* Processed the LG for Project's owner and reconcile based on a percentage of completion
* Reconciled the LC with the bank statement
* Recorded the contractor's extractions
* Tracked the supplier and contractor payments to affect the statement
* Reconciled the supplier statement with book records
* Processed the petty cash and ensure the balance is above of reimbursement limit
* Handled the payroll for the entire company which contains over 1700 employees
* provided the management with the required reports regarding salaries expenses and cost centers
* Allocated the salaries expenses to the cost center
* Reported yearly service benefits allowance and vacation allowance & record complement entry
* Managed accounts receivable
* Revised the contractor extractions
* Follow-up on the collections
* Created database for the clients using the "Microsoft Access app"
* Reconciled bank statement.
* Process cash/bank payments and receipts
Graduated accounting section
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