Assistant Finance Manager
Al Fahim Group
مجموع سنوات الخبرة :17 years, 11 أشهر
Automotive, Sales and After sales
Inventory
Revenue control
Receivables
Achievements:
Successful automation of automotive service package operation.
Led financial responsibilities for outsourcing of aftermarket logistic function
Trained new joiners to understand Policies, SOPs, Workflows, SLAs and DOA related to finance shared services
Participated in testing and implementation of several DMS upgradation
Improvised inventory key figure reporting ( turn ratio / days of holding/ stock level / obsolete and
slow moving parts Provision ) and variance analysis to support the management for better decision
making
Designed new SOPs for daily cash collection management
Designed new SOPs for service contract adjustment.
Designed new SOPs for accounting service contract in align with VAT regulation
Achievements:
- Formalized new division for GL accounting
- Simplified procedures for faster resolution of issues
- Enhanced procedures related to revenue and receivables function
- Improvised reporting of budget variance analysis and financial performance indicators
- Designed auto-populated forms, schedules for incentive calculation, EOSB, prepayments, accruals, LC, Bank Guarantee etc.
- Standardized Bank Reconciliation Processes
- Preparing stock key figure reports.( Raw Material, Work in progress, Final Products)
- Preparing sales tax reports.
- Monitor productivity reports.
- Modify the procedures of issuing material and preparing new form for the productions report that help the account section to control the process and review the productions report before submitted to general manager.
- Monitor stock taking and adjust the variances.
- Costing press, and painting units products.( stages costing )
- Costing final products. ( orders costing )
- Costing the foreign consignments of raw material, and posting voucher in the inventory system.
- Discuss the necessary modification in the inventory system with the programming company and found solutions for program bugs.
- Review manufacturing orders for all products. (which is the budgeted direct material cost)
- Checking all requests regarding software and arrange with IT department and programming company.
Checking the HR monthly payroll report, over time, deduction, salary variances, and book the payroll JV in the system.
- Checking the final settlements and book the JV.
- Preparing the social security, and income tax (for employee) monthly report.
- Keeping staff advances in excel sheet to start deduction, and book the journal vouchers in the system.
- Checking the advances against expenses and book the JVs (transportation, showrooms, commercial department, public relations).
- Checking the petty cash expenses and other expenses and book the JVs.
- Booking the receivables adjusting entry.
- Maintain fixed assets excel sheet to prepare the monthly depreciations report.
- Booking the LC expenses and making closing entry for the LC account and its insurance.
- Preparing the LG list and follow up the expenses and closing the LG letter.
- Prepare the bank reconciliation and booking the adjusting entry.
- Booking the adjusting entry for prepaid expenses and accruals.
- Booking the closing entry in the system.
- Reconcile supplier SOA.
85.9 /100