Chief Financial Officer (CFO)
ETAC
Total des années d'expérience :21 years, 3 Mois
Duties and Responsibilities
Accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial result.
1. Assist in formulating the company's future direction and supporting tactical initiatives Monitor and direct the implementation of strategic business plans Develop financial and tax "Zakat" strategies.
2. Manage the capital request and budgeting processes.
3. Develop performance measures that support the company's strategic direction.
4. Manage the capital request and budgeting processes.
5. Develop performance measures that support the company's strategic direction.
6. Participate in key decisions as a member of the executive management team.
7. Maintain in-depth relations with all members of the management team.
8. Manage the accounting, human resources, investor relations, legal, and treasury departments.
9. Monitor all open legal issues involving the company, and legal issues affecting the industry.
10. Construct and monitor reliable control systems.
11. Maintain relations with external auditors and investigate their findings and recommendations.
Highlighted Achievements:
• Improving the (ERP) system to suite the corporate operations, in order to apply the bill of quantity (BOQ) budget during the CSI Codes- Construction Products & Activities.
• Restructuring the financial system, in order to divide the corporate operation into separated business units, which has affected on levels, cost reduction, and accuracy of the results, since this will improve the decision making precision.
• Establishing the standard operation procedures (SOP) for the finance department.
• Skills Planning and budgeting: Initiate the process of the company’s budget and present it for Board approval, monitor the actual performance based on agreed KPIs against budget and corresponding monthly performance reports, including variance analysis,
• Financial Reporting: Prepare, analyze and review on timely manner the business financial information of profit and loss accounts, balance sheet, cash flow statements and other financial data to assess and manage the risks associated with business and suggested sort of action for mitigations.
• Feasibility Study: Conducting feasibility studies relating to potential new property investment opportunities and establishing comprehensive financial models to determine the suitability, fair value, optimal capital structure, and risk adjusted returns of proposed investment opportunities.
• Cash-flow management and financial projection: preparing and updating cash flows, estimating shortage/excess of funds. Developing financial management mechanisms that minimise financial risk
• Sourcing and selecting Banks: Obtaining Credit facilities Negotiating interest rates & submitting proposals to banks for project financing
• Keeping up to date with relevant legislation, market trends, new investment products and all other factors that can affect markets.
Achievement Highlights:
• Apply and monitor the Job costing system after study the nature of business of the company.
• Design and implement an effective and practical accounting system taking into consideration the future expected growth of the company.
• -implementing & Developing Warehouses policy which is arranging the business cycle between Warehouses, Finance and purchasing departments of the company
• -Developing the method of linking between inventory management and budgeting standards
• - Developing and implementing accounting Systems of HR Department to facilitate their work and accuracy and direct it to budgeting standards
• Developing and implementing workforce performance control
Under executive direction, the purpose of the job is to perform highly complex accounting work according to generally accepted accounting principles, established procedures, departmental guidelines, and regulatory requirements applicable to the work. this job classification functions in a management capacity to supervise accounting professionals, and entry level accounting and support staff to ensure the accomplishment of assigned functions according to established schedules, calendars, projects, and programs of the department.
Duties and responsibilities:
• Plans, organizes and implements accounting operations and objectives; coordinates and integrates all activities toward achievement of established goals and objectives.
• Supervises, trains and evaluates accounting professionals, and entry level accounting and support staff.
• Ensures all functions and programs under charge are performed within established budgetary parameters, to include performing cost control activities, monitoring revenues and expenditures, and ensuring sound fiscal control.
• Performs highly complex accounting work according to generally accepted accounting principles, established procedures, departmental guidelines, and regulatory requirements applicable to the work.
• Prepares critical fiscal documentation regarding accounting activities.
• Generates various complex system reports or audits calculations and ensures accuracy, e.g., billing, payroll processing, and accounts payable.
• Plans, manages, coordinates, and implements the year end closing processes and procedures for the assigned accounting records; conducts year-end closing process; provides information to financial auditors; conducts standard internal audits of various accounting records.
• Prepares a variety of studies, reports and related information for decision-making purposes.
• Provides technical accounting support and interpretation to management and employees.
• Performs related duties as directed.
The company is a publisher of many commercial directories such as Saudi blue pages, Saudi medical directory, and top 1000 gulf company directory. Moreover they are the publisher of one of the economic magazine in Lebanon. They have an event organizer company in Jordan.
Accountant
• Prepare profit and loss statements and monthly closing and cost accounting reports..
• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions..
• Assist, in coordination with the Financial Manager, in preparation of budgets tailored to specific projects and affiliate companies.
• Monitor and review accounting and related system reports for accuracy and completeness
• Explain billing invoices and accounting policies to staff, vendors and clients.
• Resolve accounting discrepancies.
• Recommend, develop and maintain financial data bases, computer software systems and manual filing systems.
• Interact with internal and external auditors in completing audits.
• Other duties as assigned.
ALBAHIYA EAST is a global technology services company providing consultancy, technology and IT outsourcing services and it is part of Alboraq Corp in palestine, work in Middle East and south africa
• Maintain the books of accounts by using brograms and excel sheet.
• Prepare & Summarize Bank Reconciliation.
• Prepare monthly closings
• Proper monitoring and control of accounting systems.
• Prepare Monthly Cash Flow Report and Budget.
• Collections of receivables and preparing statements on a regular basis
Assist and carry out different accounting roles like various reconciliation and data entry.
• Prepare Monthly Payroll of staff and workers.
• Amortization /Recording of Fixed Assets
• Facilitate all Visas, medical insurance and calculate annual leave, sick leave and gratuity benefit of employees
• Issues internal memos of the company.