CFO
Yougad Company for Advertising
Total years of experience :33 years, 9 Months
1) You gad Advertising Company L.L.C .Jordan - Amman from Jan-2015 until now Chief Financial Officer (Service sector )
Responsibilities for this company include both financial and operations areas, including finance, accounting, reporting on monthly basis .budgeting of operations and capital, billing and collections, client relations, facilities, operations support, customer support, strategic planning, mergers and acquisitions, taxes and tax planning and reporting (income tax. Sales tax. Social security tax. Also responsible for working capital finance from local banks such factoring deferred notes receivables reviewing contracts terms with customers and make recommendations to modify (if need ).participate in procurement committee and negotiates with vendors to get best pay terms. Responsible about employees health insurance and follow up with insurance companies employee attendance report vacations (sick . normal )and applying Jordan labor law . Finally playing as liaison with governmental bodies and external auditors
2) AL TAKAMOL INTERNATIONAL COMPANY Yemen -Ta az From Nov -2013 to Nov-2014 Chief Financial Officer (Manufacturing Group )
Responsibilities for this holding company started from auditing financial statements of year ended 2013 in order to establish internal audit department and also to know weaknesses in accounting information systems existed in the group. During and after this engagement I finished Writing Audit character and hiring senior auditor and two junior auditors and trained them how to audit financial audit, operational audit and compliance audit. At same time the outcomes of my audit represented by following recommendations 1) re build organization chart of finance departments in all companies
2)Evaluate staff in finance departments and resigned some and hired others 3) Evaluate, modify, wrote and distribute manual of Internal Control System to all staff in finance and audit departments in the group. 4) Evaluating Accounting Systems used in the group and - in short run -writing to modify and train staff on it, but recommended to change system in - long run -5) Developing reporting system and applying it on monthly basis and making consolidated financial statements by using standard format on Excel Sheets. 6) Reviewing Taxes works and Insurance
United Arab Shipping Company April 2009- July 2013 Accounting Manager -Special Projects (Shipping)
UASC are one of the world's fastest growing shipping companies, with a strong urge to perform in a low-margin business environment.My main responsibility was to establish and start up new subsidiaries (one in Iraq and another in Jordan )Responsibilities include 1) Independent handling of accounts and finance function of Agency as Agents to UASC.2) Managing of Company’s liabilities such as contracts payments, insurance payments ….etc 3) Preparation and Finalization of various reports to Principals and Local Management (Monthly Agency Management Reporting MAMAR &key performance Indicators KPI). 4) Taking care of statutory compliance such as local GAAP &IFRS, IRS Code &Corporation Law.5.) Liaising with Tax Authorities (Income, sales &social security tax) for Tax Assessment procedures.6) Preparing and Submission of Budgets, Compliance reports, Management reports 7) Managing cash flows& preparing cash flow statement on monthly basis.8.) Processing Payroll 9.) Finalizing Annual Accounts and getting them audited.
10.) Reported to Corporate Heads in Dubai &Kuwait.11). Managing a Team of 4 Local Staff and assigning/review of their work profile.12) Ensuring accurate accounting of routine transaction on timely basis by local staff.13) Responsible for rendering Monthly Statement of Account to Principals and Remittance of Freight.14) Conducting Monthly review of Budget vs. Actual exercises and supports the Management with corrective and control measures.15) Preparing and participating in BoD Meetings.16) Applying AL-Ammeen accounting system (in first stage) and Cognus system in addition to operation system TRUST.17) Auditing output of documentation department especially Demur-rage &detentions.18) Coordinating with External &internal auditors and answering all Aquarius.
Food Basic International Group-Jordan 1/9/2007 to10/04/2009 Finance & Admin. Manager ( Trading -FMCG)
1) Preparing Annual Budget and forecasting trends, monitoring budgets and comparing them with actual cost and revenues 2.( Dveloping reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast. 3)Developing and updating accounting, finance and management policies and procedures. 3) Effective Cash Flow Management 4)Coordinating the preparation, maintenance and filing of projected P&L Account, Bills Discounting and Balance Sheet as required by bank authorities and other financial institutions. 5) Coordinate the preparation of Financial Statements, Financial Reports for internal &external usage. 6 )Coordinate with External Auditors &answering all inquiries 7) Getting control accounts reconciled and sorting out the discrepancies 8)Handling queries for import matters and carrying out all correspondence with the bank 9)Filing VAT return, payment, Income tax return &social security tax. 10 ) Using perpetual inventory system &applying FIFO method on physical moving of inventory items. 11 ) Negotiating with the banks for import documentation requirement and opening LCs.
12 )Processing of Purchase Bills of, Asset & Passing Bills of expenses from various departments 13 ) Attending shareholders ‘meeting and participating in planning process related to finance. 14 ) Preparing bidding and negotiate with vendors like insurance companies to get best offers. 15 ) Follow up Attendance &absents of employees and prepare reports. 16 )Keeping &filling all data about personnel. 17 ) Arranging &implementing training courses for new recruits 18 ( Insure from full compliance to laws and regulations like Jordan corporation law, Jordan Labor Law…etc
04/09/ 2005 to 04/09/2007 Tax& Financial Consultant
1. Managed to create methods for effective and efficient use of public funds based on audit reports in coordination with the governmental units.
2. Performed an average of about 20 audits on governmental Ministries, departments &agencies throughout a year.
3. Executed both performance and financial audits including reviews on management practices.
4. Assisted the government in accounting procedures.
5. Ensured to maintain conformity with existing laws, procedures and practices.
Jobs' Responsibilities (Most of my Experience in Corporations Section/Dept.)
Scrutinize tax returns and determine audit plans if found not as per tax regulations
Follow the tax rules in collecting taxes from businesses and individuals
Sort out forms that are incomplete and call taxpayers to complete it with supporting documents
Read and refers tax books to ensure proper evaluation of tax returns
Check and identify errors in tax forms such as wrong calculations, name and addresses
Notify taxpayers about taxes due and overpaid, and make provision in refunding the excess tax
Assist tax payers in filing tax forms and guide them about documents needed while submission
Enter complete details about taxpayers in the system
Set a deadline for paying delinquent taxes and monitor if it has been complied with
Inform taxpayers through mails, calls and letters about the tax due date, and new changes brought in by the te government.
Audit and investigate tax returns to confirm authenticity of information, or to make changes in tax liabilities
Check and decide if any exemption or deductions have to be made in tax returns• Prepare and submit confidential reports of examination that render a complete, concise, and factual presentation of the bank’s affairs and conditions.
As directed by the Supervisor, coordinate joint or concurrent examination activities with other Examiners as circumstances dictate.
Assist in on-the-job training of examiners of lesser experience.
Maintains knowledge by keeping abreast of developments in both banking legislation and the banking industry.
Identify and address Fruad factors and causes, unsafe and unsound practices, and violations of laws and regulations that have affected or may affect the condition and soundness of the financial institution.
Provide feedback to the appropriate supervisory personnel on the performance of employees assigned to the employee at individual examinations.
Participates in and conduct the examination of chartered banks for compliance with Tax laws, rules, and regulations.
Serves on detail assignment to administrator to perform banks analysts or other duties.
Conducts meetings officials and/or boards of directors to discuss the findings of the examination, discuss Examination Findings, and obtain commitments for correction of deficiencies in Tax Returns.
Participate in the periodic review of examination procedures.
Conducts special investigations or examinations to evaluate corporate applications.
Visits Banks for specific supervisory purposes.
May be assigned to work with other Examiners on a temporary basis.
Performs other assignments as the needs of the Division of Banking Section.
1. Preparing Receipts, Payments and Journal Vouchers.
2. Maintaining Cash Book, Bank Book and Journal.
3. Maintaining Sales Book & Debtors' Ledger.
4. Maintaining Purchases Book & Creditor's Ledger.
5. Maintaining General Ledger.
6. Maintaining Post-dated Cheques Register.
7. Preparing Payroll.
8. Preparing Bank Reconciliation Statements.
9. Preparing Trial Balance.
10. Preparing Trading and Profit & Loss Account.
11. Preparing Income and Expenses Account.
12. Preparing Balance Sheet with Schedules.
13. Maintaining Order and Stock Registers (raw materials &finished products).
14. Maintaining Fixed Assets Register.
15. Designing the Internal Control and Accounting Systems.
16. Supervising the Accounting Team.
17. Monthly reports to the Management regarding the Financial Condition of the firm.
CPA
MBA, Jordan University (2002)
BS degree in accounting, Yarmouk University (1989)