finance manager
Elite Medical CO
Total years of experience :13 years, 0 Months
• Arrange with Engineering Dep to regularly, update the investment cost follow-up model.
• Review and approve all Invoices from the construction companies as financial issue as per contract terms, after final technical approval from Elite consultants.
• Responsible about 184 shareholders doctors regarding there installments, payments and issuing the modifications in the commercial register with every additional paid in capital (APIC)
• Negotiated with banks and Lease Companies to gain bank facilities.
• Responsible about prepare the financial hierarchy and establish financial policies and procedures for the company.
• Responsible about the financial system preparation and process with software company (Medica software system )
• Prepare monthly financial reports, year- end closing, annual audit with KRESTONE international (Salm Co).
• Handling Tax’s issues.
• Member of the financial & operation’s model committee.
• Monitor the company cash collection to ensure timely receipt of funds deposited.
• Effective Cash Flow Management
• Maintain a detailed list of all fixed assets and projects in process which are owned by a business.
• Approve bank reconciliation’s & salaries etc.
• Ensure proper recoding of all company transactions; supervises monthly and end of year closing of the general ledger with proper documentation.
Currently working as a “Financial Manager” from Feb 2016 at Al Mulla Group (Manufacturing, Trading, Import and export & Construction CO KSA), I work with a team of accountant through the planning, execution and completion stages of periodic processing of day to day activities, This valuable association enabled me to get an extensive and versatile experience of Accounting policies in these major sectors.
The roles and responsibilities include:
• Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.
• Develop an operating framework, process, policies, procedures and quality standards for the finance function.
• Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate accounting principles, regulatory requirements and audit requirements.
• Monitor the company cash collection to ensure timely receipt of funds deposited.
• Effective Cash Flow Management.
• Ensure that sufficient funds are available to meet ongoing operational, bank loans and capital investment requirements.
• In charge of monthly financial reports, year- end closing, annual audit with BDO.
• Participate in key decisions as a member of the executive management team.
• Maintain in-depth relations with all members of the management team.
• Advise the GM on the progress of all work under his control.
• Analyzing changes in sales, expenses, productions line for raw material & finished goods and advising accordingly.
• Engage in ongoing cost reduction analyses in all areas of the company.
• Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary.
• Establish and maintain financial policies and procedures for the company.
• Reviews and validates monthly, quarterly, semi-annual and annual financial statements.
• Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.
• Monitor the company cash collection to ensure timely receipt of funds deposited.
• Effective Cash Flow Management.
• Setting prices by adding a "reasonable" markup to a firm's average cost.
• Ensure proper recoding of all company transactions; supervises monthly and end of year closing of the general ledger with proper documentation.
• Determining financial objectives. Designing & implementing systems, policies & procedures to facilitate internal financial control.
• Oversee internal control functions.
• Develop and implement policies, procedures and controls to ensure compliance with laws, regulations.
• In charge of monthly financial reports, year- end closing, annual audit with KPMG.
• Review & approve bank reconciliation, revenue and expenditure variance analysis, capital assets accounting and year-end closing entries.
• Manage staff daily workloads, coordinate and review staff work.
• Provide staff training and perform staff annual evaluations.
• Protects organization's value by keeping information confidential.
• Preparing Annual Budget and forecasting trends.
• Monitoring budgets and comparing them with actual cost and revenues related to production, marketing and capital..
• Maintain and enhance the cash flow model to ensure that the company projected short term and long term cash positions are accurately estimated.
• Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses and insurance records.
• Undertaking research into pricing, competitors and factors affecting performance.
courses: Certified Management Accountants The Institute of Management Accountants(USA) CMA Holder Bachelor of Commerce Tanta University Secured first division IFRS Diploma ACCA In process