Finance Manager
Arabian Advanced Systems
Total years of experience :39 years, 3 Months
Plan, organize, direct, control and evaluate the overall operation and activities of finance department.
Supervise activities related to payments, bank reconciliation, funds movement, payroll, monthly and annual closing activities to ensure that these processes are being carried out in the right manner.
Directs preparation of monthly & annual financial statements, business activity reports, financial positions forecast and other cost benefit analysis and financial management reports .
Arranges external audits and submits various reports & returns required by regulatory agencies.
Co-ordinate the financial planning and annual budget process, and analyze and correct estimates.
Projects periodical cash flows and estimates cash requirement for operations and investments.
Develop and implement the financial policies, systems procedures to ensure internal accounting controls.
Hire and train staff for finance department.
Negotiate & manage bank and other credit facilities.
Manages Letter of credits (LC ), payments to international vendors and required Letter of guarantees (LG ) for customer.
Provide support in updating corporate business plan.
Assist in strategic financial planning by preparing financial data, analysis and projections by carrying out feasibility studies to asses viability of proposed projects and potential acquisition.
Evaluate and ensures financial reporting systems and accounting procedures and make recommendations for changes if needed.
Keeps close relation with the banks, auditors, vendors and other company stakeholders.
Notify and report to management concerning any trends that are critical to the company's financial performance.
Prepared & presented :
- business plans, including budgets, cash flows.
- Analysis of financial data.
- Break Even Analysis & IRR computation.
Prepared & Presented :
- Product costing
- Valuation of inventories
- Preparation of Budgets & forecasts.
- Implemented Finance & Cost Accounting modules of Baan IV ERP package.
- Trained end user of Baan IV package.
Supervised preparation of annual budget & its allocation to various operating units .
Monitoring & reporting budgetary compliance.
Supervised the internal audit function of board.
Leading a team of multidisciplinary officers to review and recommend appropriate system for BPDB's cash and bank management, stores accounting, accounts receivable and fixed asset accounting in Action Plan for Performance Improvement Project.
Coordinated various staff training programme.
Worked as a member of various recruitment committee.
Supervised routine work of Finance, Accounts & Costing Section.
Prepared & presented :
- Monthly Financial Statement of the enterprise.
- Submission of performance report to HQ.
-Preparation & execution of budgets.
-Valuation & Controlling of inventories.
Responsible for treasury operation.
Direct participation in complete accounting function.
Supervised & prepared all entries in books of original entry and subsidiary ledger.
Prepared monthly and annual financial reports
Preparation & compilation of monthly accounts of both branch & head office.
Supervision of stores accounting activities.
Performed treasury function of the company.
Certified Public Accountant (CPA) USA
CMA