finance manager
Americana - Alahlai Restaurants
Total years of experience :17 years, 6 Months
• Supervision and Managing Finance team
• Develop, manage and supervise the control procedures over financial transactions
• Liaising with GAZT (tax authorities)
• Cost management - analyze the expenses of each cost center across all expense heads and ensure optimal spent and increase the Cost center profitability
• supervising and managing Payroll
• Compiling data for annual budget and for periodic revisions
• Working with department heads to perform variance analysis (actual versus budget)
• Managing Financial Statements
• Handling Audit Requirements
• Ensure cash management practices and policies are in place to meet business requirements.
• Lead the development of financial and market risk management strategies and policies.
• Ensure compliance with all regulatory & legislative reporting requirements as well as compliance with all related regulations.
• Oversee the development of compensation strategies and plans and the administration of all compensation and benefit programs to ensure compliance, cost effectiveness and fairness
• Analyzing the numbers, performances, profitability analysis, budgeting, forecasting, financial planning, working capital analysis, coordination with banks for funding requirement and advising which direction to take the business and in which markets are successful and which areas need focus
• Taking care of the finance, accounting and annual audit function of subsidiary companies, consolidation and ensuring financial controls
• Provide commentary on monthly profit performance of subsidiary companies, establishing proper financial controls with adherence to reporting deadlines
• Involving in the budgeting and analysis, controllership and MIS for subsidiary companies at different locations
• Responsible for daily and monthly cash flow management and financial control
• Responsible for banking relationship, bank loan syndication and negotiation up to final terms and conditions
• Work in close coordination with the Accountants/ BM/ GM/ Corporate finance and put in strategies as to reduce the cost and increase in revenues• Preparation, presentation and validation of feasibility report for new opportunities proposal
• Manage all accounting operations including A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Prepare and publish timely monthly financial statements
• Coordinate the preparation of regulatory reporting
• Research technical accounting issues for compliance
• Support month-end and year-end close process
• Ensure quality control over financial transactions and financial reporting
• Supervise and Manage the implementation of tax filings (VAT Income Tax and Special Tax) across all the business.
• Manage and comply with reporting requirements IFRS (many projects of IFRS implementation in a multinational environment).
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Provide Support and necessary analysis for Board meetings and Top management.
• providing and interpreting financial information;
• monitoring and interpreting cash flows and predicting future trends;
• analyzing change and advising accordingly;
• formulating strategic and long-term business plans;
• researching and reporting on factors influencing business performance;
• analyzing competitors and market trends;
• developing financial management mechanisms that minimize financial risk;
• conducting reviews and evaluations for cost-reduction opportunities;
• managing a company's financial accounting, monitoring and reporting systems;
• liaising with auditors to ensure annual monitoring is carried out;
• developing external relationships with appropriate contacts, like auditors, solicitors, bankers and statutory organizations such as the Inland Revenue;
• producing accurate financial reports to specific deadlines;
• managing budgets;
• arranging new sources of finance for a company's debt facilities;
• supervising staff;
• Keeping abreast of changes in financial regulations and legislation.
• Oversee the operations of all accounting functions including Accounts Payable, Accounts receivable, Treasury, Fixed Assets, Payroll, Month end accruals and provisions
• Supervise the accounting team members and other support staff, including distributing and reviewing work accomplished
• Manage the training, development and performance reviews of the accounting team members.
• Responsible for year-end closing and the preparation of the monthly financial statements.
• Prepare monthly, quarterly and year end management financial reports
• Review and approve all payment transactions: reimbursements, payments on accounts, vouchers, checks, etc.
• Handles year-end-closing and monthly financial statements
• Review balance sheet account reconciliations
• Liaise with external government institutions such as Taxation authority and act as the main contact for internal and external audits
• Respond to all queries related to financial matters
• Recommend and draft financial and accounting policies and procedures.
• Maintain the accounting manual up to date and ensure the adherence to the manual and all policies and procedures
• Ensure accounting records are maintained in accordance with International Financial Reporting Standards (IFRS)
• Review and approve journal vouchers
• Coordinate the accurate and timely payment of suppliers
• Assist in the preparation of yearly budgets
• Administer all balance sheet account’s reconciliations
• Act as the point of contact for queries related to employee and supplier payments
• Handle special projects as assigned.
Key Responsibilities:
Planning, organizing, and evaluating all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete.
Reviewing and devising monthly financial, income statements, balance sheets, internal audit, cash flow projections, and principal profit and loss to reduce cost and budget compliance.
Assisting with day to day operations of the accounting department, identifying, analyzing and resolving accounting discrepancies and ascertaining that all policies and procedures are aligned with the organizational goals.
Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
Streamlining the preparation of financial reports that depict the organization's financial position, such as trial balance, profit and loss account, balance sheets, monthly commission statements and accounts receivable/ payable listings.
Analyze financial data by collecting, monitoring and creating financial models and DCF analysis for decision support.
Improve financial status by analyzing results, monitoring variance, identifying trends, and recommending actions to management.
Assist with annual and quarterly forecasting.
Oracle ERP Experienced
Tax analysis (sales and income) Professional.
Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials.
Key Responsibilities :
• Identified primary thrust areas of business based on market research and competitor analysis. Helped with the design and implementation of strategic marketing and business development measures to optimize sales, volume distribution and customer service.
• Supervised and evaluated overall activities of the sales team, created a systemized follow up systems, overseeing their performance and motivating them to accomplish sales targets.
• Generated revenues, maximized profit margins by identifying high potential sales opportunities and prioritizing them.
• Ascertained top line sales goals and bottom line profit goals are met, by recognizing profitability/ revenue impact of business opportunities and overseeing execution of brand strategies.
• Kept close tabs on market dynamics, trends/ competitor strategies. Collated information and formulating strategies to optimize performance parameters/ business outputs.
• Conducted periodic sales review and drafted sales analysis report in order to keep the upper management abreast of all sales initiatives of the department.
• Kept abreast of new developments, changes in policies/procedures to enhance the quality of customer service provided.
Trainings and Certificates : • 2005, Assuit Oil Refining Company, Summer Training in Accounting and IT • 2006, ICDL-International Computer Driving License, Assuit University • 2006, Computerized Accounting, Faculty Of commerce Assuit University • 1999, Windows and Computer Handling, In Assuit Province Technology Center • 2004,Hardware Maintenance, In Assuit Province Technology Center.
