Finance Manager
Factory of Golden Block Company for Cement Products
Total years of experience :24 years, 4 Months
Key Responsibilities:
• Delivering excellent financial support to drive significant revenue growth and profitability improvements and conformed adherence to all regulatory/legal policies, company adopted procedures and guidelines.
• Providing solid, quantitative, strategic financial information to support the executive decision making processes by streamlining financial accounting policies, regulations and documentation cycles.
• Establishing a strong framework of internal controls; analyzing monthly Budget vs. Actuals performance. Setting credit policies that support optimization of revenue and profit growth.
• Devising strong systems and processes in line with business needs, and participating with staff at all levels and consistently displaying a high level of professionalism and customer-service.
• Developing framework for strong process controls and implementing cost control measures, inventory control procedures and payroll management system.
• Overseeing factors critical for sound financial performance including appropriate insurance requirement of all Company assets and control over selling prices to assure compliance with approved price lists.
• Administering appropriate control levels, established best practices for all finance/ accounting systems and implemented tight processes to optimize efficiencies.
Accomplishments
• Played pivotal role in Implementing ERP LN. 7 in Hala and Future Plus Company in capacity of project manager
Key Responsibilities:
• Coordinated financial strategic planning, analysis, and reporting activities, analyzed monthly operations and highlighted financial performance and operational statistics.
• Formulated and successfully implemented policies to streamline treasury functions audit, accounting, forecasting, and insurance activities through resource optimization and efficient management.
• Maintained company's financial statements and reports, responsible for strategic planning, forecasting, budgeting, new business development, financial modeling, and general ledger accounting.
• Developed and nurtured relations with lending institutions, shareholders, and the financial community as well as auditors, solicitors, bankers and statutory organizations such as the Inland Revenue.
• Provided inputs in operational planning and financial control systems; and implemented measures for the improvement of financial performance; ERP and controls, financial analysis and providing recommendations to increase efficiencies, profits, reduce cost.
• Computed and presented an array of financial reports/statements that determine the financial liquidity/stability/growth of the company to facilitate in making strategic decisions on financial planning budgeting & controlling, formulating and developing key business strategies.
• Collating and examining general economic, business, and financial and studying and their impact on the organization's policies and operations.
• Preparing daily/weekly/monthly/(IS, BSH & CF to management) and year end reports like status reports, turnover/cost reports, performance reports, and various other analytical reports for top management review.
• Formulating commentaries/executive summary, yearly & monthly forecast; working capital projections and budget variance report, submitting month-end, quarter-end and year-end financial statements, management accounts and other reports to the management
• Ensured full audit trail of all financial transactions; supported both internal and external audit teams and provided them with required details for conduction yearly & quarterly audit.
• Mediated broadly with banks to operate LC’s, bank guarantees, resolving bank fee anomalies and effectively computed bank reconciliation statements.
Designation Chronology:
• Oct 2009 - Mar 2011: Senior Chief Accountant
• Jul 2003 - Sept 2009: Chief Accountant
• Apr 2000 - Jun 2003: Accountant
Accomplishments:
• Joined the company as an Accountant and moved up the career trajectories, receiving accolades and multiple promotions as Chief Accountant and subsequently as Senior Chief Accountant.
• Reported directly to Finance Manager, Division Director and General Manager, during the career tenure,
• Bestowed with a Certificate of Appreciation for implementation of the SSA ERP Ln (Baan VI) Go-Live in Obeikan Printing & Packaging Co. Ltd in capacity of key Users Group Member.
Key Responsibilities - Senior Chief Accountant
• Executed wide range of finance and accounting functions like financial reporting, cash and bank reconciliation, budgeting, forecasting, finalization of accounts in addition to updating all transaction in Baan after review.
• Validated accuracy and integrity of all financial management and reporting activities while ensuring strict conformance to organizational policies/ procedures and all accounting standards.
• Generated an array of reports periodically that exhibit the financial stability/ liquidity/ growth along with reconciliations, establishing trends, identifying deviations and recommending cost-effective solutions.
• Effectively managed daily accounting operations including daily review of cash position, bank liaison for payments, LC's & deposits and maintenance of petty cash transactions as well as processing of distribution of monthly payroll after deductions of employee advances and loans.
• Monitored employee related accruals (EOS, Vacation, Tickets, employee advances and Vacation pay); maintained accurate records of payables, receivable, payroll, cost & GL staff, etc.
• Administered day-to-day accounting functions like general ledger accounts, allocation of expenses and vital adjustments for Receivable & Payable including clearing of customer overdue/ supplier payment forecast/ cash forecasts, etc. to maintain optimized working capital.
• Efficiently managed ERP software and administrations processes, while ensuring paperless work across all financial processes.
• Executed month end, quarter end and fiscal year end obligations of the company like: closing of all books of accounts, ledgers, cash flow statements, bank reconciliations, issuance of credit/debit notes to affiliates, reports related to supplier payments and monthly reconciliation for intercompany transactions including current accounts by payable, receivable & GL staff.
• Provided accurate and timely financial reports and forecasts for the company to provide clear insight into its financial condition to assist high quality and agile decision making.
• Cultivated professional relationships with auditors, bankers, resolving discrepancies and facilitating any document/ information required by them to ensure .smooth accomplishment of business functions.
• Demonstrating consistency & strictly adhering to deadlines, presented all reports requested by Corporate Finance Department of Obeikan Investment Group, ensuring conformance to all accounting processes policies & procedures.
• Supervised preparation of annual budgets, business plan and periodical reports. Presented tailored financial business planning and operational analysis to the management in order to facilitate decision-making.
Key Responsibilities:
• Administered the input and handling of financial data and reports for the company's automated financial systems, develop and maintain financial data bases and manual filing systems to maintain proper records
• Served as a point of contact & support for all Financial Control matters including the banking facilities, payroll related transactions, petty cash, Arabic correspondence related to account Receivable & Payable, etc.
• Compiled management reports, posted invoice summary to general ledger, generated trial balance and balance sheet, reconciled credit notes daily, updated office and bookkeeping procedures to achieve maximum efficiency.
• Maintained optimum liquidity and judiciously made payments to suppliers and prepared accurate cash forecasts.
• Handled other routine accounting functions like reconciliation of company accounts & Payroll Management, bank reconciliation, payables etc.
• Supervised payroll entries, supplier invoices, receipts & any other finance related document as requested by senior management while striven to deliver within assigned deadlines.
• Warranted accuracy, completeness, and conformance of all financial statements/reports; evaluated Review all the invoices and supporting documents (cheques and transfers) and documented various business transactions on daily basis.
• Prepared and presented annual, half yearly, quarterly and monthly accounts to the management with evaluation and interpretations thereof.
• Supported external auditors and mediated extensively with various departments within the organization for seamless implementation of audit recommendations. Evaluated their impact to ascertain attainment of desired improvisations.
Key Responsibilities:
• Handled the full continuum of business operations, reviewed foreign & domestic supplier invoices and broker invoices; entered in Baan system in conformance with the approved system policies and procedures and presented project status reports to the management.
• Interpreted financial reports, resolved accounting issues, maintained monthly P&L, B/S & Cash Flow statements and reconciled foreign & domestic suppliers accounts
• Computed monthly financial statements, drew up monthly financial reports reconciled & maintained balance sheet accounts, facilitated the maintenance of landed cost in Baan system as well as bank payments & charges
• Established, maintained, & coordinated the implementation of accounting & accounting control procedures, monitored & reviewed accounting & related system reports for accuracy & completeness and submitted periodic reports to the management.
• Joined as a trained and hired as Assistant Auditor
