senior Finance Manager
Global Investment House
Total years of experience :22 years, 5 Months
• Develop and maintain the company's financial policies and procedures.
• Preparation of annual budget and business plan.
• Develop and analyze information to assess the current and future financial status of firms, to prepare annual budget and cash flow forecast.
• Monitoring the Actual performance, profitability and variance analysis.
• Management reporting: Financial reporting, daily financial indicators, weekly and monthly reports, consolidated financial statements, Managerial reporting Weekly dash board, comparisons between actual financial data and estimates various, Cost Allocation.
• Follow up with Jordan Security Commission, Stock Depository Center and Amman Stock Exchange discuss and solve any issues that might arise.
• Manage the Company's cash flow.
• Preparation of the company's annual, semi annual and quarterly financials as per Jordan Security Commission requirements and the International Financial Reporting Standards (IFRS).
• Handling the financial position for all company subsidiaries.
• Checking and approving all the financial entries before posting it to the general ledger.
• Checking and approving banks reconciliation and investigate any long outstanding or unusual transactions.
• Coordinating with the HR department the preparation of employees’ salaries.
• Dealing with internal, external auditors and other third parties
Duties and Responsibilities:
• Preparing Monthly financial statements and reports & responsible for the cash management of the funds.
• Establishing, maintaining, and coordinating the implementation of accounting policies and accounting control procedures.
• Supervise recording assets acquisition, sale, and retirement, depreciation and appreciation entries.
• Budgeting and preparing financial reports to compare actual performance with planned.
• Monitoring and reviewing accounting and related system reports for accuracy and completeness.
• Liaising with banks on banking transactions and guarantees.
• Supervises the revision of the authenticity and accuracy of received documents from internal and external entities for accounting purposes.
• Analyzing performance against financial targets, and monitor performance and delivery against non-financial targets.
• Checking and laying down suitable internal controls in the system.
• Supervises the performance of closing of accounts process including reversing, adjusting and opening entries.
• Delegates particular day-to-day responsibilities to the Accountant.
• Liaising with internal and external auditors in completing audits.
• Follow up with Jordan Security Commission, Stock Depository Center and Amman Stock Exchange discuss and solve any issues that might arise.
• Centralization of all existing HR functions and systems.
• Panning, directing, supervising, and coordinating work activities of all staff relating to employment contracts and labor law relations, Social Security, income tax….
- Major Achievement:
As a key team member, I have successfully implemented the accounting control procedures for the company, which has led a better financial control environment in the company.
Establishment accounting & Financial System for Kmefic-Jordan from the Scratch.
Duties and Responsibilities:-
• Captured all financial transactions
• Preparation of monthly financial statements to the management committee.
• Preparation the end of month entries (i.e. accruals maintenance, bond amortization, fixed assets depreciation, interest in suspense and provisions).
• Prepared daily cash position for all banks, financial institutions, brokerage, and custody accounts and weekly reconciliations, also managed those accounts of interest, daily transfers, and negotiate with banks to minimize the cost for transferring funds, and gaining a higher possible interest rate.
• Management of Accounts Payables and Accounts Receivables.
• Preparation of annual budget and business plan.
• Preparation of monthly Foreign Currency Exchange Evaluation.
• Preparation of monthly Portfolios Evaluation.
• Provided the Treasury Unit with daily accounts balances for local and regional banks and brokerage.
• Maintained an accounting and reporting system for each portfolio and mutual fund.
• Managed and updated the fixed assets system.
• Coordinating with the HR department the preparation of employees’ salaries.
• Dealing with internal, external auditors and other third parties.
- Major Achievement:
I have successfully negotiated with banks their fees, which has led the company to save a considerable amount of money in terms of financing charges.
Duties & Responsibilities:
• Prepared Monthly Trial Balances, Income Statement & Other Financial Statements & Schedules
• Prepare daily, weekly and monthly reconciliations of various accounts .
• Supervise & control the account receivable.
• Prepared payroll & related government processing.
• Supervised the stock department & cash drawing work procedures.
• Full Knowledge of Sales Tax, Income tax & Related Governmental Procedures.
• Applied international accounting standards throughout my day to day activities.
• Plan with other departments their staffing requirements and how these requirements will be met.
• Ensure a proper salary scale and benefits scheme for all positions (reflecting position value, market trends, competition...) is in place.
• Develop Performance evaluation guidelines and constantly monitor the process is properly administered to ensure all staff is being evaluated in a timely and standard manner by their superiors.
• Develop & implement performance management policies & procedures.
• Managed employees’ administrative issues & arranged interviews for new employees.
• Managed the recording of sick leaves, vacations, warranties, salaries, etc.
• Followed up on social security issues.
- Major Achievement:
In a very short period of time, I was regarded as the company’s reference point for all tax issues and governmental procedures and all Human recourses funtions.
Duties & Responsibilities:
• Prepared the working paper file for all assigned jobs.
• Prepared the continuous audit file for all assigned jobs.
• Prepared the time budget for each job assigned.
• Audited all accounting cycles by using walkthrough procedure according to audit programs.
• Prepare annual risk based audit plan and audit procedures.
• Identify and test controls; present findings and recommend actions to management.
• Reviewing and discussing with the client’s management the management letters for the internal control structure and deficiencies.
• Evaluate accounting and operations’ systems to determine their efficiency and effectiveness.
• Performed audit and consulting engagements individually and as part of a team.
• Wrote the auditing client’s accounting records by using the substantive test procedure.
• Participate in consulting engagements and gain a general knowledge in Business Valuation & financial analysis, due diligence assignments & IPO's.
• Prepared and sent the confirmation letters at the end of year.
- Major Achievement:
I proved to be an efficient multi-tasker by working on many clients simultaneously.
- Sample Clients:
• Manufacturing and trading companies
• Retail, hospitals and tourism companies.
• Investment Companies & Real estate developer.
• Aviation and transportation.
• Educational and non for profit organizations.