finance manager
Optikos Shami
مجموع سنوات الخبرة :16 years, 8 أشهر
•Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company.
•Use financial modeling to simulate financial scenarios
•Present potential scenarios and outcomes to management team
•Manage the preparation and publication of departmental and organization financial documents
•Collaborate with management on development and execution of funding strategies
•Examine financial and legal documents to verify accuracy and adherence to financial regulations and acceptable financial principles
•Develop or recommend solutions for problems or situations
•Forecast cash flow positions, related borrowing needs, and available funds for investment
•Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
•Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
•Maintain banking relationships
•Assist in determining the company's proper capital structure
•Arrange for equity financing and debt financing
•Recommend appropriate dividend issuance, based on historical dividend patterns and expected cash flows
•Manage the preparation of the company's budget
•Report to management on variances from the established budget, and the reasons for those variances
•Assist management in the formulation of its overall strategic direction
•Prepare financial statements & annual budgets of the group.
•Prepare the annual financial statements forecasting.
•Conducting the market analysis and study the booming financial trends in Iraqi market.
•Handling the pricing of products based on consumer price target of the market.
•Conducting the profit analyses study of the group.
•Conducting all the feasibility studies and ROI of the new projects and production lines.
•Launching the ERB system of the group.
Al Manaseer Group - Jordan
August 2009 - August 2013
Accounting Section Head
• Assisting the Financial Manager in the formulation of policies and programs for the Accounting Department.
• Follow-up of receivables and payables to customers and suppliers and follow-up of rejected checks and check the age of the monthly receivables.
• The adoption of the monthly value of commissions used for sales and marketing.
• Calculating the final costs for the L/Cs and the materials.
• Overseeing the procedures of the budgeting and periodic financial reporting, and auditing information and figures contained therein and referred to the Financial Manager.
• Checking and auditing payroll transaction (earns & deductions) records for compliance with company's Policy (on daily basis)
• Audit new hires entered into the payroll system.
• Perform daily payroll department operations; posting changes in pay and miscellaneous changes.
• Calculating and recording payroll deductions.
• Processing requests for paycheck advances, loans and processing terminations (accruals)
• Balancing and auditing earnings and deduction totals. Inspecting automated system output such (allowances, deductions and • Match HR payroll balances with accounting balances at the end of each month in matter of loans and personal liabilities.
• Participate in payroll preparation/production at the end of each month.
• Prepare and audit employees' annual leaves' accruals.
• Acts as liaison between Payroll department and Accounting department to ensure accurate payroll balances.
• Reduce monthly cash payments by coordination with administration department to open new accounts or using cash card.
• Recommends policies, procedures and/or actions on issues that relate to payroll operations.
• Implementation of financial and accounting procedures adopted in the company and the distribution of tasks to accountants under his responsibility.
• Monitoring of all incoming and outgoing documents to the accounting department and make sure it is correct and contain the necessary signatures.
• Overseeing the registration of all vouchers in the correct accounts.
• Reviewing of bonds and bills and validating prior to recording in the accounts.
• Participating in periodic inventory of fixed assets and stock items and ensure the adequacy of provisions and impairment provisions and the safety precautions taken to protect the funds of the company.
• Supervising of the issuance of bonds of exchange and the preparation of checks related after confirmation of the authenticity of the documents attached.
• Preparation of final accounts of the company and ensure completion on time, and to inform the Financial Manager.
• Follow-up the income tax and auditing the financial year with income tax Auditor assigned by the income tax department.
• Auditing the payroll and monthly salaries of staff and ensure the validity of calculating the additions and deductions for employee benefits and workers and make any adjustments in the status of staff and workers on their files.
• Assisting the Financial Manager in the formulation of policies and programs for the Accounting Department.
• Follow-up of receivables and payables to customers and suppliers and follow-up of rejected checks and check the age of the monthly receivables.
• The adoption of the monthly value of commissions used for sales and marketing.
• Calculating the final costs for the L/Cs and the materials.
• Overseeing the procedures of the budgeting and periodic financial reporting, and auditing information and figures contained therein and referred to the Financial Manager.
• Checking and auditing payroll transaction (earns & deductions) records for compliance with company’s Policy (on daily basis).
• Audit new hires entered into the payroll system.
• Perform daily payroll department operations; posting changes in pay and miscellaneous changes.
• Calculating and recording payroll deductions.
• Processing requests for paycheck advances, loans and processing terminations (accruals).
• Balancing and auditing earnings and deduction totals. Inspecting automated system output such (allowances, deductions and
• Match HR payroll balances with accounting balances at the end of each month in matter of loans and personal liabilities.
• Participate in payroll preparation/production at the end of each month.
• Prepare and audit employees’ annual leaves’ accruals.
• Acts as liaison between Payroll department and Accounting department to ensure accurate payroll balances.
• Reduce monthly cash payments by coordination with administration department to open new accounts or using cash card.
• Recommends policies, procedures and/or actions on issues that relate to payroll operations.
• Implementation of financial and accounting procedures adopted in the company and the distribution of tasks to accountants under his responsibility.
• Monitoring of all incoming and outgoing documents to the accounting department and make sure it is correct and contain the necessary signatures.
• Overseeing the registration of all vouchers in the correct accounts.
• Reviewing of bonds and bills and validating prior to recording in the accounts.
• Participating in periodic inventory of fixed assets and stock items and ensure the adequacy of provisions and impairment provisions and the safety precautions taken to protect the funds of the company.
• Supervising of the issuance of bonds of exchange and the preparation of checks related after confirmation of the authenticity of the documents attached.
• Preparation of final accounts of the company and ensure completion on time, and to inform the Financial Manager.
• Follow-up the income tax and auditing the financial year with income tax Auditor assigned by the income tax department.
• Auditing the payroll and monthly salaries of staff and ensure the validity of calculating the additions and deductions for employee benefits and workers and make any adjustments in the status of staff and workers on their files.
Al Manaseer Group - Jordan
July 2007 - August 2009
Senior Accountant
• Prepare financial statements and supporting schedules according to monthly close schedule.
• Facilitate and complete monthly close procedures.
• Prepare monthly account reconciliations.
• Analyzing financial statements on a monthly basis and report on variances.
• Handling and overseeing all accounts payable.
Prepare financial statements and supporting schedules according to monthly close schedule.
Facilitate and complete monthly close procedures.
Prepare monthly account reconciliations.
Analyzing financial statements on a monthly basis and report on variances.
Handling and overseeing all accounts payable.
B.A., Accounting, Philadelphia University - Jerash - Jordan (2001 - 2005)
Tawjihi