Finance Manager
Specialized Consulting Co
Total des années d'expérience :18 years, 4 Mois
Financial Planning and Management:
• Responsible for the planning, managing and controlling of all activities within the accounting and finance department and developing financial and operational strategies suitable to particular business requirements.
• Develop and update the company’s Policies, Procedures, Manuals, Processes and Delegation of Authority for assuring the optimal compliance with IFRS and Audit requirement.
• Collaborate with CEO on developing the operating budget. Oversee long-term budgetary planning and cost management in alignment with the strategic plan.
• Review and analyze the weekly / monthly / yearly financial statements, ledger accounts, balance sheets, audit reports and provide guidance in case of any shortcomings.
• Participate in Board meetings, Executive Comity meetings & Audit Comity meetings and present monthly, quarterly & yearly financials and the major changes/adjustments.
• Oversee all financial processes and control systems and eliminate process deficiencies by implementing robust accounting systems, tools and procedures.
• Negotiate with the strategic and major suppliers for better pricing and terms. Maintain strong relationship with the banks, lenders and stakeholders
• Identify investment & revenue generating opportunities; devise plans to accumulate capital to finance expansion projects.
• Promptly and effectively attending to requests from the team and being receptive to problems and solution-driven
• Handled the tasks of review performance against agreed standards, analyze results and suggest and implement improvements
• Set up and oversee the company’s finance IT system, policies, procedures, internal control framework and department’s quality improvement plans etc. Required to ensure the integrity of financial data and reporting
• Retain constant awareness of the Operation Department’s financial position and act to prevent problems while ensuring maximum return with minimum risk on investment
• Ensured appropriate and timely management of debtors, payment plans and credit control procedures
• Calculated Taxes; VAT, Zakat etc. periodically and Conducted tax research to support tax compliance and planning as required
Budgeting, Forecasting, Cash Flow and Treasury Management:
• As part of capital budgeting, analyze the viability of prospective projects and finalize profitable ventures for business growth; review capital requirements, liaise with banks to secure short-term and long-term finance as per funding needs.
• Provided high quality financial support to managers and departments so that budgets are operated effectively
• Collaborate with various department heads and senior management personnel to estimate unit-wise expenses and formulate annual budgets.
• Review variance in budget with projects management. Monitor operational expenditure limits, exercise effective budgetary control and recommended corrective measures to check variance during the budget cycle.
• Prepare and analyzed financial and projects reports, project budget and compare the same with actual result.
• Prepare monthly Finance report including budget analysis comparing current budget to actual for both CAPEX & OPEX.
• Manage long term loans repayments and debit service in addition to maintain sufficient working capital lines.
• Monitor treasury operations closely and maintain sufficient cash to meet the daily business operational needs.
• Manage available facility lines and make sure there is always enough windows for future utilization for both cash and non- cash lines
• Perform assets evaluation and re-evaluation in order to avoid and minimize any assets impairment.
• Review inventory items periodically and calculates the proper provision.
• Update the Assets Registers periodically and assuring the full insurance coverage for entire assets.
Jaddarah WSC have been established in the Kingdom of Saudi Arabia to provide unequivocal services to cover all its land through its 5000+ employee and 26 branches in addition to many branches & contractors around the world.
Scope of Work as follows;
• Directed work flow, supervised and trained accounting staff and ensured timely completion of deliverables
• Promptly and effectively attending to requests from the team and being receptive to problems and solution-driven
• Prepared timely and detailed reports on financial performance, Tax (VAT) etc. On a Monthly, quarterly and annual basis
• Handled the tasks of review performance against agreed standards, analyze results and suggest and implement improvements
• Communicated with senior management team about important business decisions
• Set up and oversee the company’s finance IT system, policies, procedures, internal control framework and department’s quality improvement plans etc. Required to ensure the integrity of financial data and reporting
• Retain constant awareness of the Operation Department’s financial position and act to prevent problems while ensuring maximum return with minimum risk on investment
• Tnsured appropriate and timely management of debtors, payment plans and credit control procedures
• Calculated Tax (Zakat) periodically and Conducted tax research to support tax compliance and planning as required
• Financial Forecasting and Prepared comprehensive analysis reports showing comparison with actual performance
• Liaising the contact between the Finance Office and the rest of the organization
• provide high quality financial support to managers and departments so that budgets are operated effectively
Main Achievements;
Achieved to increase total monthly turnover to 6M from 5M by effective utilization of potential business opportunities
Recognized by management for innovation and initiative in implementing Oracle ERP financial profile by defining Task flows, Sensitive reports, Procedures, Internal control etc.
Adib Al Zamil & Khalid Al Fozan Co. (DAR Consulting Engineers), is active in diversify business such as Engineering design, Maintenance and Manpower Supply etc. Reporting to Finance Manager.
Scope of Work as follows;
• Directed work flow, supervised and trained accounting staff and ensured its entry into general ledger'
• Developed and implemented schedules pertaining to the preparation of account books
• Preparing year-end and periodical financial reports, including; balance sheet, Income statements, cash flow statements and account reconciliations, maintenance of fixed-asset ledgers and allocation and provision tables
• Handle the responsibilities of external auditing and financial reporting
• Handled the tasks of gathering, maintaining, analyzing and interpreting financial performance and risks
• Communicated with senior management team about important business decisions
• Manages financial transactions for series of projects, to include: tracking and reporting processes for consistent execution of projects and enforcing financial policies and procedures required to ensure the integrity of financial data and reporting
• Maintain the folders for all projects, with all the appropriate documents in accordance with standard procedures
• Calculate and prepare cost and variance reports for labor, overhead, and Material costs, based on straight head count, square footage, cost of assets employed etc.
• Responsible for maintaining and setting up internal accounting-control systems
• Conducted tax research to support tax compliance and planning as required
• Financial Forecasting and Prepared comprehensive analysis reports showing comparison with actual
• Compile the monetary transactions of the organization and make entries in general ledger under the relevant account head
• Appraise or deduct the value of assets of the organization (like building, machinery, Furniture etc) to calculate the true value of assets at the end of the financial year
Main Achievements
Increased work efficiency of the finance department by report automation which leads to generate ready made-reports by day to day activities
Prevented internal risks by developing Procedures and internal controls for risky areas
Developed and implemented schedules pertaining to the preparation of account books
Slashed Payroll Processing time to 10 days from 15 days by introducing payroll software
Adib Al Zamil & Khalid Al Fozan Co. (DAR Consulting Engineers), is active in diversify business such as Engineering design, Maintenance and Manpower Supply etc. Reporting to Finance Manager. Scope of Work as follows;
•Payrolls processing for over 400 employees and introduced payroll software to speed up payroll works
•Compile the monetary transactions of the organization and make entries in general ledger under the relevant account head
•Find out discrepancies in accounting entries and correct them
•Review the accounting reports (accounts receivable / accounts payable / petty cash book…) sent by juniors for accuracy and completeness
•Appraise or deduct the value of assets of the organization (like building, machinery, Furniture etc) to calculate the true value of assets at the end of the financial year
•Prepare and maintain various supporting documents like bills, receipts, vouchers, invoices, purchase orders and employee attendance records
•Resolve the queries regarding pay cheque entries of the employees with the human resource and accounting departments and enter the final amount
The company was active in steel rebar production and distribution. Reporting to President. Scope of Work as follows;
•Undertake various tasks such as postings to general journal and general ledger, A/P, A/R
•Reviewed various account and handled preparation of P&L account and Balance Sheet
•Monthly/quarterly direct & indirect Tax Returns
•Introduced the use of Quick Books to improve work efficiency
•Train new joiners on various accounting principles and procedures and book keeping tech
•Corrected errors in account handling and introduce work process by which accounting tasks are more efficiently handled
•Carried out bank Reconciliation activities and managed several client accounts independently
Main Achievements
Achieved to Redesign and implement more effective company procedures
The company was active in manufacturing, sales and distribution of Fashion Jewelry. Reporting to Finance Manager. Scope of Work as follows;
• Undertake various tasks such as postings to general journal and general ledger, A/P, A/R
• Monthly Financial Reports
• Monthly/quarterly direct & indirect Tax Returns
• Find out discrepancies in accounting entries and correct them
• Resolve the queries regarding pay cheque entries of the employees with the human resource and accounting departments and enter the final amount
• Supervision & Controlling of Branch Operation
• Highlighted discrepancies to remove them
• Worked with team members in tasks such as updating general ledgers and journal
• Handled payroll account with team members
Main Achievements
Achieved to Redesign and implement more effective company procedures
The company was active in manufacturing, sales and distribution of Fashion Jewelry. Reporting to Finance Manager. Scope of Work as follows;
• Handled various auditing task and prepared reports on auditing activities
• Made effective suggestions to improve internal controls which were implemented and duly appreciated
• Assisted management in understanding various risks, errors in accounts and implemented software that helped to increase wk efficiency
• Investigated handling of various transactions and accounts to bring out inefficiencies and fraudulent activities
• Prepared audit programs and repots for top management
• Development of Acceptable Procedures, Systems & Documentation for local & international operations
Was an audit, tax and management consultancy firm. Reporting to Audit Manager. Scope of Work was as follows;
• Planning & Conducting Internal, External & Social audits
• Prepared reports Audit Queries, management report and financial audit report etc,
• Reviewing and drafting audit opinions
• Updating Internal Control Systems for the various range of businesses
• Identifying the Risky Areas of the business
• Developing Internal Audit Program for various range of businesses
• Handled various auditing task and prepared reports on auditing activities
• Presentation & Review of audit findings for directors, heads of departments & other related parties
• Identifying & resolving day-to-day Internal Problems of the businesses
Main Achievements
Achieved to train 7 new employees and Met deadline consistently
Successfully accomplished a Certificate Internship in Professional Auditing & Finance Under the Supervision of Institute of Chartered Accountants of Sri Lanka as well as University of Kelaniya
Successfully accomplished a Certificate Internship in Information Technology Under the Supervision of University of Kelaniya Key Modules; Computer Programming with Visual Basic, SQL, Data Base Management, MS Office, Internet & Email Techniques & MS DOS