Finance Manager
Kadisco General Hospital
Total years of experience :19 years, 5 Months
• Lead the restructure of finance and operation departments to be more customer centric with significant improvement in efficiency and internal controls
• Designed the structure and implemented an integrated Hospital and Finance management system and training finance team on new system
• Established KPI’s and financial analysis packs to support management decisions
• Improved revenue cycle by establishing procedures to reduce payment period from 60 days to 30 days from credit customers, improving cashflow by $45, 000 monthly
• Extended credit period from vendors moving on cash basis suppliers to credit basis of up to 60 days improving cashflow by around $30, 000 per month
• Championed Tax planning initiatives to reduce annual corporate tax payments by circa $60, 000 in 2017/18
• Redesigned Hospital non-clinical policies to ensure hospital values and mission are embedded in day to day activities and drive operational efficiency and internal control
• Ensure compliance on submission of VAT, Income and Pension tax, Withholding, and Corporate Tax
• FM for a newly constructed International school with capacity of 1, 700 students from ages 3 - 18 years
• Established finance departmental structure, recruited and mentored a new team
• Member of steering committee tasked with development of internal school policy and procedures in compliance with SOX implementation through the Group
• Supported Project Manager to negotiate commercial contracts with suppliers of Capital equipment and resources
• Lead a bottom up budgeting and forecasting process to be presented to CEO, CFO, RMD, RFD
• Implemented SAGE 200 and ISAMS finance and School management systems respectively leading to greater efficiency and quality in reporting
• Managed an efficient cashflow which had to be justified on weekly basis to Group Treasury based in HQ
• Preparation of Financial Statements according to IFRS
• Liaise with PWC and negotiate Audit Engagement program and cost
• Project Accountant (PA) for our largest projects in the MENA region, namely Lusail Development valued at QAR380m, an Infrastructure Design and construction supervision project of new area in Doha
• PA for Doha Expressway - Design and Construction supervision services of Contract value QAR250m
• Developed Estimate At Completion (EAC) tools used by PA’s and Project Managers (PM) to prepare and validate project forecasts.
• Support and educate PM’s with EAC, margin and cashflow forecast
• Supervise and mentor a team of six PA’s and ensure SOX and IFRS compliance
• Prepartion of monthly management reports on project performance
• Key member of Oracle conversion, and training program
• Preparation of monthly Management Accounts and weekly Earnings reports
• Supervise and liaise with external auditors of PWC or E&Y during audit of regional offices in Middle Eastern branch offices
• Liaise with project managers to ensure revenue recognition policies on long term contracts strictly meet IFRS standards
• Ensure internal audit process are followed in order to minimize risks
• Management Accounts preparation & overhead analysis against budget
• Profit & loss analysis to budget to highlight any areas of concern
• Actively manage pricing, to take account of volatility in costs
• Preparation of sales & cost Budgets by ensuring effective cost recording and analysis of change
• Managing Customs clearing process through Mirsal II system
• Liaising with freight forwarders and relevant authorities on export of goods to international market
• Cashflow management to ensure effective use of available funds
• Management of Raw Materials sourcing and supplying process
• Liaise with major suppliers to negotiate favorable credit terms & cost price
• Develop new business opportunities to generate revenue stream, by identifying new suppliers and marketing to new end users
• Preparation of monthly Management Accounts & year end statutory accounts.
• Liaise with auditors during year end audit of statutory accounts
• Stock Reconciliation ensuring synchronization of accounts system (Aptos) with stock management system (Buyerplan)
• Ensure any adjustments to COS, Stock & Fixed Assets such as NRV, MV, SAAP 9, adjustments are posted in accounts to meet GAAP & IFRS standards
• CAPEX spend monitoring and analysis of payback and NPV
• Fixed Asset reconciliation ensuring correct depreciation charge posted in accounts
• Monthly Balance sheet reconciliation ensuring correct accruals & prepayment balances
• Payroll Analysis & liaise with HR regarding seasonal staffing hours as required
• Weekly & ad hoc KPI Reports for use in directors meetings
• Negotiate utility contracts for over 230 stores saving approx £150, 000 in overheads in 12 months.
• Assist FC by production of cashflow reports
• Foreign Currency re-translation
• VAT Return & National Statistics preparation
• Management accounts pack preparation
• P&L Analysis to budget highlighting any adverse variations
• Balance Sheet Reconciliation ensuring accuracy of accrual & prepayments postings
• Liaise with Quantity surveyors & Land Managers on costs & profitability of projects
• Role broadened after 3 months to cover 2 regions
• Other ad hoc duties