Finance Manager
Hoover Ferguson
مجموع سنوات الخبرة :18 years, 9 أشهر
Managing and controlling of all financial reporting requirements for the middle east region including Long Term Planning, Annual Budgeting, Forecasting, Standard & Group Reporting, Projects and other Business Support & Analysis activities to ensure development of the region and delivery of its business plan, aligned to the group strategy.
• Prepare timely and accurate monthly group reporting pack with thorough and clear narrative support and variance analysis, promote proactive management reporting and undertake monthly financial communication updates to the regional leadership team and monthly presentation information for the Eastern Hemisphere monthly Business Unit Review meetings.
• Oversee and manage the finance and administration team, which includes sales invoicing, AR, AP, and cash management.
• Ensure robust credit management processes are followed, involving all relevant business disciplines.
• Support the Business Unit Manager in commercial negotiations with customers and suppliers and Oversee and support tender proposals, with particular focus on financial aspects.
• Manage all local banking arrangements, in accordance with group requirements and act as principal contact with the local bank for all routine matters.
• Manage the annual audit process for the region and liaise with local auditors to ensure efficient delivery of all audit and statutory reporting requirements.
• Manage all local tax reporting requirements and local payroll reporting requirements.
Responsible for consolidating / developing financial events to support the MEA Business Unit reporting, including monthly forecast, Actuals, and Earnings. Providing financial solutions and process improvement to increase forecasting accuracy.
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
• Work closely with all Skill Teams to consolidate the monthly forecast variances
• Develop financial comparison analysis, such as issue-to-issue, quarter-over-quarter, budget
performance, and year-over-year
• Lead preparation of all forecast review and meetings
• Prepare Regional reports and income statement
• Partner with the Database analyst to support the reconciliation process and to resolve any PFx
disconnect
• Highlight key issues in business activities for management review
• Compile monthly actual financial results and compare with Budget and Forecast
• Support management and Corporate finance team during Quarter close and Earnings
• Support management and skill teams in any ad hoc finance related requests
• Support any Internal Control request as necessary
Responsible for managing and monitoring all financial matters within the company, including development of internal controls, revenue control, budgeting and forecasting, oversees maintenance of accounts and ensures full compliance with applicable accounting and financial laws, standards, rules and regulations.
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
• Drives development and implementation of Finance and Accounting policies and procedures and ensures they are being followed by the Finance team and company employees. Keeps abreast of the latest developments in finance and accounting standards and regulations and ensures that any necessary amendments are made to finance and accounting policies.
• Oversees development and delivery of financial reports to the CFO and assists him in provision of necessary resources for timely and accurate reporting of company operating results, ratio analysis and evaluation of the overall financial performance.
• Oversees maintenance of Company’s general ledger and recording of financial transactions, including payables, receivables, inventories and fixed assets. Leads preparation of periodic financial statements and provision of statutory financial information to relevant external institutions and government authorities.
• Manages and controls corporate bank accounts ensuring efficient utilization of financial resources. Handles all banking relations and bank account activities including negotiation of facility agreements, interest, fees and transactional charges. Manages and controls debt facility reporting and communicates with lenders to ensure debt agreement compliance.
• Leads development of financial business plans and develops and maintains operating, capital and cash budgets. Prepares and maintains regular monthly profit and loss and cash flow forecasts. Develops and utilizes projected financial models and insights into company operations and business plans. Reviews and appraises all business and functional plans, including new projects/ accounts.
• Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by project by customer type. Assist in month-end closing, prepare journal entries as necessary, and analyze inventory evaluation, inventory roll forward. Analyze cost accounting data and assist with cycle count/physical inventories. Investigate cycle counting variances and resolve issues. Prepare detailed account analysis and reconcile sales, cost and inventory, liability accounts by customer type by project. Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability. Ensure timely submission, accuracy and validity of inventory, gross margin schedules to management
• Liaises with CFO and Senior Management on strategic business planning and periodic reporting on monthly/quarterly and annual basis. Reviews ‘Quarterly Financial & Management Report’ and interacts with managers in collecting data required to perform financial analysis and highlights significant variances, by budget line items, and provides explanations of company managers and their recovery plans to compensate for any shortfalls in revenues or profit margins as well as any cost over-runs.
• Assists in the development and maintenance of systems of internal controls to safeguard financial assets of the Company. Cooperates with internal and external auditors, provides them with any explanations they require, discusses their reports and seeks to identify deficiencies in the financial rules or internal checking systems. Responsible for developing, maintaining and managing financial, operational and system controls
• Ensures legal, regulatory and risk compliance in all policies of financial matters.
• Analyses functionality of the implemented accounting and financial systems and drives implementation of new functionality to improve efficiency of the Finance team and to introduce e-reports to management.
Providing financial and business analysis, controlling the budgeting process, ensuring issuance of timely, accurate and complete entities' standalone reports, and preparing the Group's consolidated Management Reports. Developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements.
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
▪ Provide business related support to the Group CFO. Implement the Budgeting Process and coordinating the preparation of yearly Budgets in terms of training, planning, interpreting, supporting, assessing, and reporting. ▪ Prepare Financial Statements of Subsidiaries as per the IFRS and in compliance with the Group's standards and
procedures.
▪ Develop and conduct comprehensive financial and business analysis and forecast for operating subsidiaries on multi dimensions and in depth levels; in terms of budget variance, vertical and horizontal trends, issue-to issue, quarter-over-quarter, budget performance, and year-over year schedules. ▪ Liaise with external stakeholders including Auditors and Banks.
▪ Manage and oversee the daily operations of the accounting department
▪ Handle month and end year process
▪ Prepare ad-hoc reports that highlight group performance and goals achievements.
▪ Monitor and analyze accounting data and produce financial reports or statements
▪ Establish and enforce proper accounting methods, policies and principles ▪ Coordinate and complete
annual audits
POSITION PURPOSE: Providing proper accounting process and control, and timely financial reporting for of internal and external auditors
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
Handling all Insurance accounts and policies.
Bank Reconciliations.
Suppliers Reconciliations.
Supplier invoices, payments & expense reports.
Daily book keeping and Journal entries
Establish and maintain cash controls.
Establish and maintain suppliers & customers’ accounts.
Preparation of Monthly Aging reports and cash flows
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
▪ Controls and updates sales, SCI, and sellout reports. ▪ Monitors and adjusts all inventory transactions.
▪ Oversees and approves all inventory transactions.
▪ Prepares physical inventory schedules.
▪ Performs reconciliation between inventory, accounting and MIS department.
▪ Performs monthly inventory closings and analyzes results obtained per month and per season. ▪ Follows up on problems and bugs with MIS and IT department.
▪ Provides Support to stores for all inventory needs and problems.
▪ Daily Journals and Vouchers.
▪ Preparation of balance sheet and profit & loss account.
▪ Supplier invoices & expense reports.
▪ Maintain and update product costing information.
▪ Assist the directors with producing product pricing analysis.
Finance & Accounting