مدير مالي Finance Manager
شركة الخيرات للتجارة والمقاولات
Total years of experience :25 years, 7 Months
ادارة Management
متابعة Followup
توجيه Directing
مراقبة Monitoring
تقييم Evaluate
هيكلة Structuring
سياسات Policy
اجراءات Procedure
مالية وحسابات وتدقيق Finance, Accounting, Auditing
Key Responsibilities:
• Responsible for managing the entire accounts department, preparing junior staff members to take on challenging job roles by offering relevant trainings, checking assignments of junior staff members for compliance, and coordinating work of finance.
• Overseeing and managing all financial transactions including reimbursements, ensuring vouchers with evidence, verification of checks for payments, and managing expenditures.
• Responsible for management of all general and subsidiary ledgers to ensure accuracy in recording of all financial transactions including, accounts receivable, revenue distribution, and recording of operating expenses to cut any unneeded expenditures.
• Looked after preparation of financial statements at month end, delivered financial reporting packages while supervising their preparation to make sure they can effectively communicate all KPIs that senior management needs to see in order to make future decisions.
• Maintaining an excellent working relationship with key internal and external stakeholders including financial institutions, lawyers, external auditors, and regulatory bodies to help complete important process, exchange information, and assist in critical decision making
• Controlling the quarterly and yearly budget estimates while making budgetary recommendations as per separate needs of each department while reporting on reasons responsible for wide variance differences through rigorous variance analysis in estimated and actual budget.
• Striving to make the existing accounting systems more efficient, accurate, and free of errors while delivering required information on timely basis including timekeepers, payroll, inventory management systems, fixed asset depreciation, and other important procedures.
• Deploying complex financial models to determine the project financial statements of the company for the next five years using historic trends and market data available, helping the company set a strategic direction for itself.
• Continuously monitoring the changing finance needs of the company to arrange funds from different sources while keeping the costs of borrowing at a minimum.
Highlights:
• Started working in the company among the first few employees hired.
Key Responsibilities:
• Responsible for managing efficiency and productivity of the accounts department by monitoring the department’s HR needs while accordingly hiring accountants to take on added work responsibilities to ensure smooth workflow.
• Carried out important day to day tasks including drafting of accounts tree, purchasing computerized accounting system while keeping company’s account department’s needs in perspective and guaranteeing that it has been successfully implemented.
• Reviewed the existing policies, identified the gaps that current policies were unable to meet, and devised better policies which would help make the accounting department more efficient, accurate, and better able to provide more accurate financial information for critical business decision making.
• Managed the company’s books of account and ensured compliance with generally accepted accounting principles while incorporating any changes in IFRS (International Financial Reporting Standards)
• Responsible for management of company’s fixed assets, ensuring that all depreciation schedules have been implemented, choosing the right method of recording depreciation while keeping tax considerations in perspective.
• Managed the amount outstanding towards the customers, ensured that all proper procedures were followed, customers were sent reminders on regular basis, and final notice was served before handing over recovery cases to the recovery department.
• Handled all month end closing procedures including passing journal entries, supporting reconciliations, performing corporate reporting, and draft internal financial reports to report monthly financial performance of the company to senior management.
• Supervised the preparation, distribution, and reporting of payroll while calculating wages, overtime, and deductions to ensure compliance with payroll regulations of the company as well as local labor laws.
• Conducted audits to verify accuracy of records while checking their compliance with standards, policies, and procedures while compiling audit findings to recommend modifications and suggestions to improve the overall system.
• Assessed the company’s tax liability while working with senior members of management to reduce the organization’s tax while complying with local tax laws and completed preparation of tax records, tax returns, and other reports.
• Proactively monitored for any deviations from established KPIs to take appropriate corrective actions as required to ensure continuity of activities as per company’s set business growth objectives.
Key Responsibilities:
• Maintained and balanced subsidiary accounts by verifying, allocating, posting, and reconciling transactions while transferring subsidiary accounts to trial balance for final closing.
• Summarized and prepared reports in finalized format by collecting relevant information from different sources to present to senior management, giving an overall efficacy of company’s financial management.
• Handled payroll issues and carried out important tasks for finalization of salaries at the end of every month including deductions, verification of allowances, and passing journal entries in relevant ledgers.
• Analyzed the data to detect any deficiencies in audit control procedures checking for duplicated efforts, fraud, embezzlement, or other compliance related issues with company or set audit processes.
• Inspected books of accounts and accounting systems in place to check for their efficacy, effectiveness, and compliance with internal accounting policies of the company.
• Examined and evaluated financial and information systems in order to recommend controls which would ensure system reliability and data integrity.
• Fulfilled the information requirement of different departments by providing them with relevant financial data while offering expert opinion on future business planning.
Key Responsibilities:
• Managed the company’s entire accounting and finance department responsibilities including financial planning, sourcing funds from the right source, and offering advice on overall improvement of the company’s finances.
• Singlehandedly managed the workload of entire finance and accounts department while offering support for primary function of human resource by assisting in recruitment, selection, and hiring.
• Kept a continuous liaison with internal stakeholders as well as government and nongovernment authorities to comply with local labor laws including Social Security Department, Income Tax & Sales Tax Department(VAT) Tax, and Labor Bureau.
• Offered payroll support and backup tasks for paycheck processing, complying with the local labor laws, and offering timekeeping data to resolve issues related to allowances, commissions, deductions, and taxes etc.
• Looked after the employee benefits including health, life, disability, and accident insurance, business expense reimbursements, and transportation expense accounts.
• Managed all aspects of payroll accounting including recording, balancing, and reconciling payroll expenses, incorporating them in financial statements, and passing payroll journal entries etc.
• Remained updated with the changes in payroll, local labor laws, and internal company payroll policies to ensure financial aspects of payroll management complied with laws and company regulations.
• Summarized available financial data including balance sheets, income statement, and other information to prepare and present report to senior management for future decision making.