Finance Manager
Memaar Degla
مجموع سنوات الخبرة :15 years, 6 أشهر
• Manage the company’s financial planning.
• Analyze and manage the organization’s liabilities and investments.
• Manage fundraising plans and capital structure.
• Determine finance KPIs.
• Track and ensure cash flow are appropriate and sustainable.
• Prepare current reports.
• Prepare and present forecasting reports.
• Steering committee member.
• Managing and supervising Finance Dept.
• Preparing feasibility study and forecasting reports for VC and investors.
• Manage & provide support to the finance team.
• Manage the Annual Financial Planning Process.
• Update the Annual Forecast based on the latest situation.
• Responsible for the Monthly Management Reporting Pack.
• Prepare all required Performance Reports & Ad hoc Reports.
• Analyze the Variance between the Actual Results and the planned ones and identify the reason for deviations.
• Provide Management with all required information and support during the decision-making process.
• Continuously assessing existing controls and always works to improve it.
• Review current products’ costs and work with various Team members to make sure that it’s duly
controlled.
• Participate in the Products Pricing Process.
• Perform financial forecasting, reporting, and operational metrics tracking
• Analyze financial data and create financial models for decision support
• Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements
• Evaluate financial performance by comparing and analyzing actual results with plans and forecasts
• Provide analysis of trends and forecasts and recommend actions for optimization
• Maintain a strong financial analysis foundation creating forecasts and models
• Prepare the budget cash flow statement based on pro forma financial statement.
• Compute and analyze the variance between the budgeted and actual cash flow monthly.
• Compute and analyze the variance between the budgeted and actual investment
• Prepare analysis reports related to cash flow and the investment presentation.
• Prepare Budget for Capex
• Analyze Long &short-Term Financing needs and recommend enhancement alternatives to ensure Long Term liquidity of the company.
• Conduct the required analysis and assist in all aspects of the arrangement, negotiations, documentations & execution of new financing transactions (Loans, Bonds, vendor financing, rights issues, overdrafts, factoring, leasing …etc.).
• Conduct the following financing related activities to ensure the proper booking and fulfillment of the company obligations toward lenders:
1. Overdraft’s operations.
2. Long Term Liabilities accruals (Interest, fees & stamp duties).
3. Draw downs, Interest Payments & installment repayments schedules.
4. Informational and financial covenants compliance.
• Forecast financial covenants regularly as per budget and business plan in order to avoid any potential breach and events of defaults across the financing agreements.
• Review the draft of borrowing disclosures to be included in the financial statements and provide any needed related documents.
• Pricing and avoid adverse market reaction.
• Records hedging transaction and fulfils its contractual obligations in due dates.
• Administer and Control Financial functions (LCs, LGs, TDs and TBs).
Analyze Long & short-Term Financing needs and recommend enhancement alternatives to ensure Long Term liquidity of the company.
• Conduct the required analysis and assist in all aspects of the arrangement, negotiations, documentations & execution of new financing transactions (Loans, Bonds, vendor financing, rights issues, overdrafts, factoring, leasing …etc.).
• Responsible for daily banking transactions.
• Dealing with banks and handling trade transactions.
• Bank balances reconciliation.
• Handling custody closures (while assisting our senior G/L).
• Preparing and handling treasury reports such as (Daily cash position report, Monthly cash projection, daily reports and forecasting needs on one year basis).
• Records hedging transaction and fulfils its contractual obligations in due dates.
• Administer and Control Financial functions (LCs, LGs, TDs and TBs)
AP Accountant:
• Managing accounts payable using accounting software and/ or other programs.
• Handling accounts payable for separate entities and vendors.
• Analyzing workflow processes.
• Establishing and maintaining relationships with new and existing vendors.
• Ensuring bills and payroll are paid in a timely and accurate manner while adhering to departmental procedures.
• Processing due invoices for payments.
• Comparing purchase orders, prices, terms of payment, and other charges.
• Processing transactions and performing accounting duties such as account maintenance, recording entries, and reconciling books of accounts.
AR Accountant:
• Carrying out daily financial transactions, including verifying, classifying, calculating, posting and recording accounts receivable data.
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and posted correctly.
• Facilitate the payment of outstanding bills by sending bills reminders and contacting customers.
• Ensure that all customer collection receipts are recorded in a timely manner and matched with the relevant paid invoices issued by the company.
• Maintain records and analysis of all client payments in line with relevant accounts.
• Execute billing, collection and reporting activities according to set deadlines.
• Assisting in closing accounts during the end of the month at the company and department level within the stipulated timelines.
• Customer settlements and credit memos processing.
1-Handle daily operation with Banks through monitoring the implementation of cash transactions, plus
recording on the ERP system.
2-Ensure that all bank transactions recorded & maintained in the system.
3-Perform monthly and annual bank reconciliation.
4-Issuance Letter of credit and recording and follow up regularly
Still in progress