Finance Manager
Big Confidential Company
Total years of experience :22 years, 8 Months
• Develops annual audit program covering all types of procedural, operational and financial audit of all companies activities .
• Plan, organize and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs.
• Implements approved program, involving such diverse duties as checking implementation of policy and procedures throughout the companies to ensure a system is in place which ensures that all major risks are identified and analyzed, on an annual basis.
• Involves reviewing and checking financial transactions accuracy, timeliness and relevance or entries such as receivables, payables, cash and deposits, time cards, sales and stocks inventories balance to ensure that management control, including internal accounting controls, are designed to safeguard companies resources, promote companies growth and ensure compliance with policy and statutory laws and regulations of the KSA .
• Analyzed operational and management processes and system controls' effectiveness and efficiency in view to improve them and propose value-added recommendations.
• Conduct any reviews or tasks requested by trustees, the audit committee, chief executive or finance director, provided such reviews and tasks do not compromise the independence or objectivity of the internal audit function.
• Prepares draft report of findings after each audit, noting defects, faults or inaccuracies in procedures, records, accounts, etc. submits draft with recommendations and conclusions to department concerned for review and comment . As approved prepares complete audit report for department review and checking .
• Coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern.
•supervising the purchasing system from order conformation up to cost of goods purchase and adding to inventory .
•In charge the International purchasing system started from order conformation to adding merchandise to stock, that included allot of process chain like preparation the LC application and checking the LC swift, Murabaha and Tawarog finance Contract.
•Reviewing the employee end of services and vacation to ensure it applying the regulation of employment and handlers bureau and the breakdown is correct .
•Controlling and supervising the Accounts team, logistic, warehouse, and some administration activities .
•Ensuring balance revenues & audit all expenses and transfers, and prepares yearly forecasts and budgets .
•Performs, analyze and evaluation accounting problems, to organize assigned work, and develop effective solutions .
•Maintain internal control procedures that ensure inventory, fixed assets related and accounting transactions are accurately completed .
•Participate in the preparation of all financial, quarterly reports and another reports require from management.
•Inspections that inventory tracking, reconciliation, cost of sales reporting, variance & account analysis are well done .
•Facilitate sales forecasting and performs budgetary reports and ensure that the controls are in place and they are adhered to at all the time .
•Oversee and contribute to financial analysis reports including cash flow system and coordinate reporting, so as all parties financial reporting needs are fulfilled .
•Reviews, analysis and verifies budgets .
•Audit, Follow-up & support all financial activity & perform all other assigned job from G.M & F.M .
•Performs the complex accounting work involved in the installation, operation, and auditing of accounts.
•Inspects accounting systems to determine the efficiency and protective value.
•Performs the treasury activities including cash flow management, processing payables and daily reporting.
•Makes inspections of complex and varied financial transactions and records to ensure that concerned regulations .
•reviewing daily / monthly journal entries based on analysis of company General Ledger.
•Ensure physical inventory is accurately and correctly stated.
•Gathering & reviewing supporting documentation to ensure assets are being capitalized v.s expensed, updating and maintaining (i.e. reconciling) the fixed asset sub-ledger, calculating and booking all depreciation entries, as well as running various reports pertaining to the depreciation.
•Preparing monthly financial reports that include accounts payable reconciliation, account receivable reconciliation, cash flow report .
•Contribute to the business financial planning process through provision of financial analysis and cash flow projections.
•Coordinate, Lead, and Participate in Physical Inventory Cycle Counts ensuring company inventory records mirror actual balances.
•Perform bank reconciliation.
•Participate in the company E. banking system by doing several SAMBA online bank inquiry transactions .
•Perform simple analytical reviews on various accounts, such as financing expenses, accrued expenses, payables, and payroll expenses…. Etc.
•Maintain accurate accounts records, controlling day-to-day finance & service activities of the company, assure policy implementation, initiate proper communication and feedback with the line manager.
•Credit control, review and evaluate customer’s profile, inventory aging, payable and receivable activities, quality of sales, and customer satisfaction .
• Prepare the J.V for all accounting actions.
• Preparation of reports (Sales & Operation ) .
• Prepare the Receivable reconciliation.
• Prepare closing period procedure & inventory instructions.
• Study; evaluate the financial policies& procedures.
• Investigate in order to get understanding of business & flow of documents.
• Analysis & Assess the risk area in the business activities.
• Participate in a business permanent & temporary committee.
Certified Internal Auditor - CIA
Concepts and methodology used to establish ,enhance and maintain system for effective governance and management of enterprise information and technology.