Finance Manager
Dr. Abdul Rahman Al Mishari Hospital
Total years of experience :20 years, 9 Months
• Preparation of Financials (Balance Sheet / P&L / Income Statement / Equity / Cash Flow / Zakat / etc...) and follow up with Auditors until the final reports are updated on GZAT, Saudi Arabia Ministry of commerce & Industry web site.
• Ensure that all financial transactions are conducted within the legal and contractual framework, that all internal and external reports are met, ensure integrity of cash, receivables and payable management, and ensure stock management
• Execute all major financial transactions
• Enforce financial discipline/guidelines and controls within the organization
• Efficiently manage the Treasury activities
• Ensure all the claims are send to the concerns on time.
• Ensure the availability of funds for payments of Government / Suppliers / administrative management of the local staff (payroll, visa’s etc.)
• Monitor the performance of the business against the annual budget and long-term business plan
• Automated, develop financial models and feasibility studies with regards to expansion opportunities
• Automated, develop, maintain, and where necessary, improve financial systems to facilitate management decision-making
• Develop relationships with local banks, customers, local authorities and other specific partners
• Automated, design and implement processes to give business managers the necessary financial data to make decisions and monitor performance.
• Build finance department capability by automating the department processes.
• Support effective development and performance of staff
• Be the contact person from Finance Department for all other department related matters
• Follow Group guidelines and policies
• Refine and implement financial controls, policies and procedures.
• Automated Live Interactive Dashboard report to monitor actual performance against budget and financial analysis.
• Responsible for updates of the automated Live Interactive Dashboard for management reporting and to maintain accuracy of the data.
• Manage the monthly closing and reporting of full financials, budgeting and forecasting & update the Automated Live Interactive Dashboard.
• Liaise with banks on project funding facility, external auditors, zakat authorities and external parties
• Conducts the analysis of the company’s financial statements e.g. Balance sheets, P & L Accounts, liquidity status, cash flows, growth potential and the business model of potential borrower companies that approach for facilities to determine their financial standing and assess their creditworthiness for grant of the facility.
• Visits the potential client’s company site to gather information about the company status, or clarify issues of relevance to the credit application “Know Your Customer”
• Evaluates credit proposals, scrutinize documents and conduct telephone verification within the defined credit policies ensuring good quality (error-free) of credit underwriting and documentation
• Conducts a thorough scrutiny of the documents submitted to ensure they are complete and are in order as per the approved documentation policy and highlights any discrepancies within agreed turn-around time
• Maintains the credit files to ensure that all proper signatures and profiles are kept for easy retrieval and reference
• Reviews and approves the core report listing the company profile, facility requested and the proposal for approval or disapproval of the requested service in order to provide the approving committee concerned an executive summary of the analysis
• Reviews and processes a fully secured one time facility in order to expedite the release of credit line to applicants
• Reviews and approves the analysis conducted for a company profile of prospective clients in order to widen client base and market share
Financials:
• Month-end, quarter-end closing - Conducting regular General ledger closings.
• Monthly / Quarterly balance sheet and P & L Fluctuation Analysis (Company / Cost Centre / Department)
• Balance sheet accounts reconciliations & monthly expense variance analysis.
• Reconciling / Posting the information to General Ledger coming from Modules Payroll / AP / Cost Management / AR
• Updating information for Movements & Schedules
• Providing Exchange Rates for Inter Company (Saudi Arabia & Bahrain)
• Consolidation, inter-company transactions with reconciliations / Elimination entries / Translation Adjustment / Non-controlling interest
• Responsible for inter-company accounting in line with accounting standards and internal policies (Debit / Credit Notes)
• Responsible for providing the Reporting Team the Group Consolidation Trail Balance.
• Ensure accuracy of financial statements in accordance with SOCPA / GAAP / IFRS and compliance to internal company policies.
• Responsible for carrying out regular analysis and reporting activities.
• Perform the essential day-to-day and month-end activities required for accurate reporting.
• Responsible for maintaining all documents related to Manual JV’s.
• Responsible for Accruals & Actuarial.
• Responsible for liabilities and non-cash-based assets (Accruals/prepayments).
VAT Implementation
• To provide a comprehensive Tax advisory and training service to all relevant persons, and in particular to prepare VAT returns promptly in order to maximize cash flow benefits to the County Council and avoid errors and penalties.
• To keep abreast of current developments relating to VAT and other taxation issues and to ensure that appropriate staff is kept informed.
• To continuously review and monitor the adequacy of systems, procedures and other relevant records to ensure compliance with VAT and other taxation Regulations.
• To develop a strategy to maximize the Authority’s VAT position and to take preventative action to avoid penalties and interest charges.
• To maintain the Council’s Basic Information and Guidelines document and provide relevant guidance tailored to individual user requirements.
GL & Financial Settlements - Senior Accounting Supervisor / Acting GL Manager
AR - Accounting Supervisor (Finance & Operation)
Bank Reconciliation Statements
• Month-end, quarter-end and year-end closing - Conducting regular General ledger closings.
• Monthly / Quarterly / Yearly balance sheet and P & L Fluctuation Analysis (Company / Cost Centre / Department)
• Balance sheet accounts reconciliations & monthly expense variance analysis.
• Reconciling / Posting the information to General Ledger coming from Modules Payroll / AP / Cost Management / AR
• Updating information for Movements & Schedules
• Providing Exchange Rates for Inter Company (Oman & Bahrain)
• Consolidation, inter-company transactions with reconciliations / Elimination entries / Translation Adjustment / Non-controlling interest
• Responsible for inter-company accounting in line with accounting standards and internal policies (Debit / Credit Notes)
• Responsible for providing the Reporting Team the Group Consolidation Trail Balance.
• Ensure accuracy of financial statements in accordance with SOCPA / GAAP / IFRS and compliance to internal company policies.
• Responsible for carrying out regular analysis and reporting activities.
• Perform the essential day-to-day and month-end activities required for accurate reporting.
• Responsible for maintain all documents related to Manual JV’s.
• Responsible for liabilities and non-cash-based assets (Accruals/prepayments).
• Responsible for provide P&L information as per Detail TB to Cost Centers / Branches / Departments
• Revenue Analysis and reporting of variances and fluctuations in Margins.
• Financial Settlements - Responsible for adjustments recommended by Auditors & Approved by Management
• Source for GL - Department to provide all Audit Requirements (Answers to the Queries & Documentations)
• Ensuring the compliance with organizational policies by developing and maintaining respective processes and procedures.
• Oracle implementation team member for Automation’s & other new implementations as per the business requirements.
• Working with IT - Department for Automation (Digitalization & Digitization)
Accounts Payable
• Responsible for Booking All Transactions related to Accounts Payable.
• Handling Petty Cash & its bookings
• Maintaining Suppliers SOA / Schedules
• Preparation of Payments to Suppliers (Cheese / Bank Transfers)
• Preparation of Salaries Payments for SNS - In house Staff (Project - Department / Consultancy - Department) - (Cheese / Bank Transfers)
Fixed Assets
• Perform and monitor a system of controls, procedures and forms to record Fixed Assets.
• Assign Tag Numbers to Fixed Assets.
• Capitalization of Fixed Assets
• Conduct monthly analysis and reporting of financial statements related to fixed assets
• Plan and Schedule Fixed Assets physical counting & verification
• Conduct FA physical counting & verification according to the Plan, every six months in Head Office, regional offices and Warehouse all over the Kingdom.
• Printing and pasting of Bar code labels to all Fixed Assets
• Calculate depreciation for all fixed assets
• Compare and Fix the shortages and additional assets with ERP system.
• Perform ERP assignments according to Physical Movements and Disposals
• Telephonic and Email Follow up and liaison with all departments and branches regarding reconciliation and capitalization of Fixed Assets. Month End, Quarter End closing of ERP-Fixed Assets module
Accounts Payable:
ï· Responsible for Booking All Transactions related to Accounts Payable.
ï· Handling Petty Cash Bookings
ï· Maintaining Suppliers SOA / Schedules
ï· Preparation of Payments to Suppliers (Cheese)
ï· Preparation of Salaries Payments
Accounts Receivable:
ï· Responsible for Booking All Transactions related to Accounts Receivable.
ï· Maintaining Customers SOA / Schedules
ï· Preparation of Invoices to Customers
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courses: Matric ICSE âThe Hyderabad Public School, Begumpet, Hyderabad â India