Assistant Manager
Kuwait International Bank
مجموع سنوات الخبرة :15 years, 11 أشهر
Key Accomplishments:
• Played a key role in automating the budgetary process in coordination with information technology and information security departments.
• Orchestrated efforts to automate the expense control unit flow (Opex and Capex).
• Made significant contribution to enhance the business process management (flow of documents)
• Helped in development of procurement unit.
Key Responsibilities:
• Direct all financial disciplines across the company including financial planning, analysis, budgeting, forecasting, reporting, cost control as well as administration initiatives through the finance team.
• Prepare the annual and monthly budget for the company, monitor the actual performance of the company in relation to budget on a monthly basis, perform variance analysis, and implement corrective action wherever required.
• Develop and maintain a robust internal control system to safeguard financial assets of the company; conduct and direct audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations.
• Evangelize the transformation of business & financial outlook, establish financial strategies, conduct feasibility studies to evaluate new business or investment proposals, and provide sound advice to the board.
• Explore profitable opportunities and work on the finance models to achieve organizational growth objectives.
• Lead the development and implementation of accounts consolidation, financial policies, systems & procedures/guidelines to ensure smooth cash flow and streamline budgets.
• Review and appraise the soundness, effectiveness and proper application of accounting and financial controls, compliance procedures and controls and timeliness of documentation generation.
Key Achievements:
• Spearheaded the creation of the chart of accounts for the mother company and 4 sister companies.
• Played a vital role in the implementation of new accounting and fixed assets system.
• Demonstrated leadership by helping management in setting policies and procedures.
Key Responsibilities:
• Oversaw month/end-year processes, AR/AP, GL, budgeting, cash forecasting, revenue and expenditure variance analysis, etc.
• Maintained the company’s books of accounts, recorded journal entries, posted transactions to the ledger, and entered rectification & adjustment entries; assisted finance team in monthly, quarterly & annual closing of books of accounts.
• Handled the closure of daily and monthly books of accounts; monitored variances and provided timely explanations of variances between actual results and forecasts/budgets.
• Processed all aspects of the monthly close of financial records, retrieved necessary month-end statements for the monthly closeout process, reconciled all asset accounts, including bank statements, and prepared financial statements.
• Planned, organized and evaluated all accounting procedures and policies to ensure transactions are efficient/ effective, and accounting is accurate and complete.
• Prepared and analysed monthly P&L account, prepared cash flow statement (monthly), balance sheet (quarterly) and reports of annual profits/expenses to interpret the current and projected financial position of the company.
• Liaised with auditors during internal and external audits, provided accounting and financial information and addressed queries raised by them; furnished supporting documents, vouchers and proofs during audits.
Ranking: 2 out of 18