Finance Manager + Treasury Manager
Saudi brother
Total des années d'expérience :19 years, 0 Mois
Finance and Treasury Manager for Share Service Center in Saudi
Brother Company, Share Service Center include 3 different companies
Suido Kiko Middle East + Finetools & FinePlast Co+ CHEMSBRO
CO (Aug -2019 to date)
Duties
For finance duties I have tasks in three different companies,
each company operates a different sector
Contracting Co. Suido Kiko
Manufacturing Co. Finetools and aFineplast
And small Trade Co. Chemsbro
And for treasury Duties same as before (see below duties)
For Contracting Company: SKME
Prepare monthly FS and Income Statement.
Provide financial guidance and governance in line with the company's
accounting principles.
Prepare reports to CEO and finance committee.
Prepare Cash Flow quarterly - Estimate and Actual, prepare CF for new
Project, in addition to the usual tasks Reviewing, checking, and posting all
Transactions.
For manufacturing Company: FT /FP
Prepare monthly FS and Income Statement
Develop and automat work systems
Prepare and develop cost schedules for industrial products
Usual tasks Reviewing, checking, and posting all transactions
Prepare yearly report for shareholders including, Summary FS, Projection,
Cash flow actual and forecast, Revenues, facilities status.
For Trade Company: Chemsbro
Check and post all transactions as per our system, review and check
monthly reports of IS and FS
Duties
Follow up all agreements with all banks. Convert operational plans into
the daily work including L/C Transactions. Coordinate with all project
managers for payments to enhance our cash flow performance. Prepare
all letters related to bank or facilities with banks. Prepare actual, forecast
and estimate Cash Flow for company. Update all LC’s/LG’s tables. Prepare
a suitable method to collect all outstanding amounts from clients. Manage
foreign exchange hedging.
Achievements
Maintain good relations with banks, take advantage of all their existing
products that meet the company's interests. Create a spirit of cooperation
between all remote projects and financial management, in the head office.
Effective contribution to the planning of the company through study,
reading and analysis of actual and estimate cash flow. The involvement of
the Treasury and finance Department negotiating processes with sub-
contractors and suppliers, which led to reduction of sums up to 30% of the
value of contracts in some cases, same time earn some credit from them to
improve payment terms and make it more flexible. I Developed with
company’s IT department a complete system of requests for the Treasury
Department and followed up on the ‘Portal ‘system used in the company.
Preparing a special course for department heads to explain the working of the Treasury Department, and everything related to maintaining relations
with the banks, and what are the meanings of L/C's LG’s, guarantees, loans
short terms and long terms and what are the facilities in general.
Duties
Prepare monthly FS and Income Statement. Preparation of all project
schedules with direct and indirect expenses and revenues for each project.
Prepare Cash Flow for each quarter and for each new project. Check and
post all transactions for all accountants as per our system. Follow up all
banks statements and negotiate with banks for all facilities. Review
monthly salary schedule. Visit projects sites to make real reports about
expenses and collections. Control of warehouse and review all reports from
main warehouse of the Company. Prepare yearly report for shareholders
including, Summary FS, Projection, Cash flow actual and forecast,
Revenues, facilities status and issues of interest.
Achievements
Developed a clear policy for Petty cash and guide lines for direct expenses
on sites, and reduce unnecessary expenses at high prices sometimes by
direct purchase by projects. This guide line contributed towards reducing
petty expenses up to 10% in some projects. Developed the Payment
Request (PR) for IT department and made it more flexible and more
controllable. Finalized pending/long time outstanding receivables and
made necessary adjustments and reconciliations of their accounts and
amalgamated it with the ledger and our books in a correct way and as per
our policy. Reviewed and studied the company's financial policy and
explained it to all concerned.
Setting the financial Budget
Prepare all financial statements and reports.
Direct and manage the cost analysis and rate studies
Direct internal audits involving review of accounting and administrative controls.
Establish system controls for new financial systems and develop procedures to improve existing systems.
Prepare the external audit materials and external financial reporting.
Communicate with banks to prepare LCs.
Review financial statements with management, personnel, timekeeping, payroll, inventory, property, and other related procedures and controls.
Planning and supervision of the factory purchases and communicate with suppliers.
Scheduling of the production department.
Scheduling of the QC department.
Direct supervision of orders manufacturing and follow up the work of quality during manufacturing.
Create special tabulations for real costs per order.
Compared the real costs tables with the standard cost tables approved by management and study the reasons for deviation, and suggest what the better prices for the market are.
Develop biannual studies for factory needs of machines and labor.
لقد كانت الدراسة لخمسين مادة عبر 4 سنوات والتخصص في قسم المحاسبة في السنة الرابعة والمعدل الحاصل عليه من وسطي علامات المواد خلال السنوات الاربع
