Finance And Administration Manager
Lana Trading Est. KSA – Jeddah & Riyadh / Trading Co,
Total years of experience :33 years, 0 Months
1) Provide monthly, quarterly and annual financial/accounts reports and forecasts with detailed analysis as and when required by managing Director / Top Management.
2) Assists in the Development and implementation of goals, policies, priorities and procedures relating to financial management, budget, accounting and/ or payroll.
3) Supervises and participates in preparation of various financial statements and reports.
4) Directs the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable, revenue distribution, depreciation, cost, property, operating expenses and insurance records.
5) Follow-up collection operations
6) Directs and participates in cost analysis and rate studies.
1) Effectively Utilize department resources by planning to ensure time-frames and budgets are maintained.
2) Planned and formulated strategy to cope with the increased business requirements.
3) Key person for identifying business drivers and implemented dashboards to facilitate early recognition of trends and track business performance and strengthening the policies and procedures of the Department and business
4) Provide monthly, quarterly and annual financial/accounts reports and forecasts with detailed analysis as and when required by managing Director / Top Management.
5) Assists in the Development and implementation of goals, policies, priorities and procedures relating to financial management, budget, accounting and/ or payroll.
6) Supervises and participates in preparation of various financial statements and reports.
7) Directs the installation and maintenance of accounting records to show receipts and expenditures.
8) Develop and maintain strategies and processes to ensure bottlenecks are identified and removed.
9) Directs the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable, revenue distribution, depreciation, cost, property, operating expenses and insurance records.
10) Follow-up collection operations
11) Directs and participates in cost analysis and rate studies.
12) Implement internal audit mechanisms to ensure correct implementation according to international Accounting Standards (IAS) and internal accounting procedures and guidelines.
13) Prepare statements and reports of estimated future costs and revenues.
14) Directs internal audit involving review of accounting and administrative controls.
15) Direct the year end accounting process & cycle
16) Oversee budget control and monitor cash flow
17) Manage internal organization of the Accounts department to endure workload and department requirements are meted out
18) Successfully set-up Documents Flow & Tracking of Documents between Site & HQ and set-up Procedure for Claims, and proper certification process before payments are made.
19) Review Financial Statements with Top Management and Provide financial guidance and expertise to facilitate the formulation and implementation of strategic plan.
20) Ensure compliance with local and international statutory requirements
21) Bank relation manager
1) Provide monthly, quarterly and annual financial/accounts reports and forecasts with detailed analysis as and when required by managing Director / Top Management.
2) Analyse monthly budgets and forecasts to actual accounting reports for distribution to Top Management.
3) Supervise the budget and internal control team for the day to day operation and highlight any deviation in cost centers.
4) Formulate policies and procedures, plan for resource needs, set overall direction and enforce compliance.
5) Identify operational risks and opportunities.
6) Reconcile operational metrics to financial actual & develop forecast that will connect to profitability.
7) Initiate, review and/or approve standard operating procedures.
8) Drive the Balanced Scorecard processes with the business units & ensure that these processes are used as key tools and progress measuring barometers to support business performance.
9) Motors specific financial and accounting guidelines as required (including Credit, Cost Management, Transfer Cost, CAPEX, Accounting, Risk Management) as well as ensuring their consistency across business units.
10) Auditing and monitoring of shipping documents and invoices in addition to the follow-up of shipping.
11) Ensure compliance with local and international statutory requirements
1) Provide monthly, quarterly and annual financial/accounts reports and forecasts with detailed analysis as and when required by Managing Partner.
2) Analyse monthly budgets and forecasts to actual accounting reports for distribution to Managing Partner
3) Direct and coordinate finance operations within the company's objectives.
4) Control and maintain the general ledger and all related accounts with proper documentation.
5) Revise entries to the general ledgers to assure accuracy and compliance with the company and establish accounting principles.
6) Control all changes to chart of accounts and prepare a monthly closing report and Consolidation Balance Sheet.
7) Revision of bank reconciliation statement
8) Control and maintain high standard of cost analysis to include Management reporting and ratios
9) Managing an accounting department, including the day-to-day operations, work instructions.
10) Review the structure of the finance department to ensure maximum efficiency
11) Plan and supervise preparation of monthly budgets and Financial Statements, bank reconciliations.
12) Minimize all expenses, business risks, and present financial recommendations to the Management.
13) Arrange for the audit of the company’s accounts (internal) and provide the required reports and information to the auditors.
14) Driving internal control standards, procedures, practices consistent with business needs as required by the business and by other interested parties (management; government; internal & external auditors).
Accounting Department:
1) Monitored budgeting, forecasting & cash flow management of the bank.
2) Ensured timely and correct preparation and presentation of financial reports at the annual stakeholders meeting.
Auditing Department:
1) Direct Audit team to produce clear and concise executive summaries and detailed reports which provide an independent review of their internal control systems. Evaluate the impact and relevance of results on the audited entities and the Group as a whole. Develop recommendations which embody direct benefit to the business and can be applied practically. Present key findings on a periodic basis to Audit Committee and the Board
2) Persuade/Sell to the Auditees the benefits of these recommendations and risks to the Group for non-action. Keep the Audit Committee & management informed about the status, key concern areas observed during audit execution, etc.
3) Develop, review, and approve revisions before submitting reports to the Board and the Audit Committee. Authorize the publication of reports on the results of reviews, including appropriate recommendation for improvement. Audit Integrity & Standards. Ensure that Audit staffs have the highest level of integrity and ethics as well as professional qualifications as required performing their duties.