Financial Manager
Bin Dirai & Partners (Oil & Gas Industries)
Total des années d'expérience :20 years, 5 Mois
Key Deliverables:
• Strategic Planning: Evangelize financial outlook by formulating the financial strategies that support the business vision and objectives.
• Finance Management: Manage accounting, budgeting, financial systems, internal controls, general ledger, and financial analysis.
• Accounting: Oversee a comprehensive suite of accounting activities, including the posting and processing of transactions, alongside the formulation of closing journal entries.
• Budgeting: Manage the budgeting, including development, analysis, and review of financial plans as per the strategic objectives.
• Financial Analysis: Conduct in-depth financial analysis for strategic decision-making and identifying cost-saving opportunities.
• Financial Closing: Manage the financial closing process, including journal entries and financial statements, to ensure accuracy.
• Treasury Management: Responsible for spearheading the treasury department operations, managing corporate liquidity, overseeing cash flow, and handling investments and financial relationships.
• Cashflow Management: Monitor cash flow and liquidity needs to ensure financial stability, optimize cash management, and manage debt, investments, and working capital.
• Lending Facilities: Secure and manage lending facilities to support operations and growth. Negotiate terms, manage covenants, and optimize capital structures.
• Cash Flow Management: Project cash flow positions, borrowing needs, and investment opportunities. Secure suficient funds for operational and capital investment requirements.
• Risk Management: Plan and implement hedging strategies to mitigate financial risks related to interest rates and foreign exchange positions.
• Fund Allocation and Investment: Allocate funds and recommend dividend issuances based on historical trends and projected cash flows. Identify, assess the potential opportunities and invest funds.
• Financing Management: Cultivate banking relationships for arranging equity and debt financing.
• Capital Structure Advisory: Actively advise on optimal capital structure.
• Benchmarking Studies: Perform benchmarking studies to identify improvement opportunities.
• Target Costing: Engage in target costing to develop products that meet predetermined price goals.
• Product Pricing: Assist in determining product pricing based on features and competitor pricing.
• Capital Budgeting: Oversee the capital budgeting process using discounted cash flow analysis.
• Team Management: Encourage and drive the finance team, setting objectives and
Key Deliverables:
• Directed all regular accounting processes, including A/P, journal entries, and monthly account closures.
• Orchestrated company financial programs, ensuring strict adherence to budgetary requirements.
• Oversaw and optimized the eficiency of all financial transactions within the organization.
• Managed and executed accounts payable check activations and wire transactions.
• Facilitated monthly account reconciliation processes across departments.
• Supervised the authorized account reconciliation process.
• Administered bank transactions and maintained meticulous monthly data recording procedures.
• Supported the preparation of auxiliary schedules for auditing purposes.
• Conducted regular analysis of various general ledger accounts.
• Generated journal entries and consolidated the general ledger for subsidiary accounts.
• Compiled and reviewed bank statements on a monthly basis.
• Designed and developed audit schedules for external auditors.
• Secured the safekeeping of internal expenses within the company.
• Maintained finance-related programs and documentation, including strategic future plans and initiatives.
Key Deliverables:
• Implemented and managed accounting and control procedures.
• Monitored and verified accounting system reports for accuracy and completeness.
• Prepared and reviewed budgets, revenue, expenses, payroll entries, invoices, and accounting documents.
• Communicated billing invoices and accounting policies to staf, vendors, and clients.
• Actively responded to and resolved accounting discrepancies promptly.
• Developed and maintained financial databases, software systems, and manual filing systems.
• Collaborated with internal and external auditors to ensure the completion of audits. Refer to the Annexure for Major Projects.