Finance Manager
ARTECHCO General Trading & Contracting Co. W.L.L
Total years of experience :21 years, 9 Months
ARTECHCO GENERAL TRADING & CONTRACTING CO.W.L.L - Finance Manager. ( JAN 2021 TILL DATE)
ARTECHCO General Trading and Contracting Company W.L.L was established in the year 2007 as a service provider in the fields of Civil/ Mechanical Engineering Projects, Transportation/ Facilities Management projects and Surplus/ Scrap Materials Trading.
• Direct, plan and manage all aspects of Budgeting, Accounting & Financial functions, systems, policies, and procedures.
• Planning and Managing Cash Flows. Risk assessment and management.
• Prepare and manage budget, cost, asset register, credit and finalization of financials.
• Prepare, and maintain monthly, annual - Budget Vs Financial, Profitability Statements
• Lead in Asset/ Equipment acquisition and high value procurement.
• Lead and implemented ERP in company which included Accounts, Sales, Purchase, Inventory, Asset/ Equipment module, Human Resources, Payroll and Process module.
• Liaising with Banks, Customers and Suppliers for efficient flow of funds/ business of company
• Plan, Manage and coordinate External Audits
The Company main stay is the contracting division which undertakes contracts in civil and mechanical fields. Tigris is also a trader of Portable Light Towers, Generators, Jack Hammers, Compactors, Pipes, Valves, Pipe Fittings, Flanges, Power Cutting Machines, Safety Products & Welding Equipments in Kuwait.
Manage and supervise all aspects of finance, HR and inventory function of the organisation, maintaining Ledgers including account receivables, payables and expenses
Following of day to day banking functions, Cash disbursements and weekly bank reconciliation.
Examining and approval of Voucher Entries, Invoicing and procurement.
Preparing of MIS reports (related to Sales, purchase and expenses) on bi-weekly basis. Preparation of budgets, financial forecasts and analyses & report variances. Ensuring legal & regulatory compliance
HR administration, Payroll and regulatory compliances
Planning and implementing inventory movement processes and procedures to ensure smooth functioning of business. Collaborate with auditing services to ensure proper compliance with all regulations. Manage and help in the conducting of audits on inventory and resolving discrepancies.
KPC k.s.c is one of the leading paint companies in Kuwait, since 1977, manufacturing under technical License from LEIGHS U.K. The business was significantly reduced as Leighs paints was taken over by Sherwin Williams Group - U.S.A and the agreement to manufacture was discontinued.
Managing the Industrial coatings division of industrial customers including major OIL companies.
Generated monthly and quarterly MIS reports
Leading and managing the team to achieve budgets.
Developing and leading a team to deliver the objectives of the industrial coatings division
Conducting market research and gathering market information, monitoring of competitor products and activities. Getting products specified in Oil sector and Preparation of Tender and other quotes
SB Co. is a retailer of industrial equipments, power tools, spares and safety items in a super market format in Kuwait catering to the Oil and Gas sector, with more than 15000 Stock Keeping Units on the shelf. SB Co. has three divisions - Industrial supplies, Wholesale and Decor with forty staff and a turnover of more than two and half million KD in a short span of five years.
Manage and supervise all aspects of finance, accounting and inventory function of the organisation,
Implement and supervise the maintenance of General and Sub Ledgers, receivables, payables, costing, operating expenses and maintenance of Insurance records
Examined and approved journal vouchers, general ledger reconciliations, and numerous analyses including P&L variance and inter-company accounts.
Supervise and maintaining of time records, payroll, inventory, property and insurance records and other related procedures and control. Implementing system controls, coordinate and liaise with external audits involving review of accounting and administrative controls.
Full accountability for all accounting and financial functions. Lead a seven-person team that led the design of the company’s enterprise resource planning tool. Generated monthly close of financial statements; prepared management reports concerning purchases, sales and inventory.
AKZONOBEL ( Sadolin Paints Oman Ltd) is a Oman based paint company which is part of the AKZONOBEL N V GROUP - one of the largest chemical companies in the world.
Managing C &F operations related to paints in Kuwait
• Responsible for all accounting and financial functions at the country level (Branch office). Manage and maintain the company’s material and stocked product Inventory
Preparation of branch accounts and reconciliation of the same with HQ.
Preparation of Transaction Vouchers Entries, Invoicing and collection of outstanding.
Proper indenting for materials and maintaining adequate stocks across the product range. Manage and control perpetual inventory stock counting / inventory accuracy.
Preparation of retail budget based on sales counters and product categories.
Managing Inventory levels -identifying fast moving SKUs and ensure their safety stock levels throughout the year. Identifying slow moving and dead stocks for clearance
Cost Accounting) ( 3 years full time course
2 years full time course
2 years full time course