Finance Manager
Classic Food Industries Co.
Total years of experience :23 years, 7 Months
• Shifting & starting QuickBooks system with all functions and documentation cycle.
• Review and update finance & accounts procedure with accounting standard.
• Connect all departments with QuickBooks sessions.
• Ensure all department following and compile with system requirements.
• Review all transactions and reports.
• Finalizing yearend financial reports.
• Monitor cash balances and cash forecasts.
• Follow up with banks for company bank account opening.
• Maintain banking relationships and start new relationship with three banks.
• Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.
• Working on selecting local IT company and software consultant for staff training in all department to work smoothly with QuickBooks.
• Building Budget structure for the company to have view for the next year for board of director’s approval on a yearly basis.
• Selecting HR system for the company met owner’s expectation and requirements among with all facilities needed (like appraisal, online application for work flow, etc.)
• Selected to develop & establish four companies finance & accounting system.
• Assist in companies direction and future direction.
• Manage Companies Budgeting and performance measures that support companies strategic direction.
• Oversee the issuance of financial information.
• Report financial results to the board of directors.
• Ensure that company complies with all legal and regulatory requirements.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Maintain relations with external auditors and investigate their findings and recommendations.
• Construct and monitor reliable control systems.
• Monitor cash balances and cash forecasts.
• Arrange for debt and equity financing.
• Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
• Maintain banking relationships.
• Represent the company with investment bankers and investors.
• Accomplishes finance human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation strategies.
• Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.
• Selected to develop Khobar branch accounting system and documentation cycle . Manage the monthly and quarterly business review process and assist the GM & CFO with preparation of quarterly investor communications and periodic reports to the board of directors . Directly supervise 15 member team in addition to indirectly engaging the operations and support of approximately 1, 000 employees .
• Led the redesign of enterprise-wide planning & forecasting processes including development of operating plans, forecasts and estimates to meet the needs of operating model .
• Built the accounting system in Khobar branch operating the business of Eastern Province in KSA, yearly operating SAR 300M turn over .
• Finalizing the classification certificate for KSA company .
• Finalizing with the banks credit facility for project finance of the deficit in project duration and agreement for monthly salary transfer to meet with new regulation in the country . Managing banking products (LC, letter of credit, LG, letter of guarantee, post of finance & bill discount) usage as per company cash flow .
• Centrally coordinated planning activities, communications and resources to ensure the timly flow of information between the office and internal business leaders .
• Collaborated with business manager to develop consistent reporting on emerging business opportunities providing timely and effective executive oversight of strategically important opportunities.
• Oversaw expanded use of resources to enhance liquidity position, such as pooling, intercompany borrowing, dividend management .
• Accomplishes accounting human resource objectives by selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures.
• Implementing production, productivity and quality, resolving problems; identifying system improvements.
• Approves cash disbursements by verifying check amounts against invoices, authorizing checks and wire transfers.
• Approves ledger entries by auditing transactions.
• Supports annual audit by providing information and answers to auditors.
• Implementing agency of Saudi certified contractors and finalize the certificate with the agency.
• Accomplishes accounting and organization mission by completing related results as needed.
Implementation of banking facilities in conformity with the agreement, Preparing monthly reports related to banking facilities and Overseeing letters of credit and bank guarantees, Preparation of monthly reconciliation for bank statements, Follow up daily banking transactions.
Assisting in preparation chart of accounts according to company policies, Assisting in preparation of monthly financial status reports, Assisting in preparation of closing reports ( Periodically & Yearly ) Balance Sheets, Income Statement, Cash Flow and changes in owners’ equity.
Assisting in preparation of yearly budgeting plan, Computation of difference between planned and actual figures, Preparing the tables of the classification according to the classification agency roles.
Supervision of daily accounting entries, Handling company account payables for head office and branch offices.
Monitoring daily sales invoices and local purchases. Preparing monthly status reports “Actual sales Vs Budgeted”.
Preparing monthly receivables ageing report. Reconciliation of receivables account.
Arranging for annual & periodic physical count .
Master Degree in accounting from Baytown University in Texas - United State of America .
Major : Accounting
English Language Certificate from American University in Cairo – Toefl.
English Language Certificate from American University in Cairo level 9