Financial Manager
Power Team Contracting & Trading Co
Total years of experience :18 years, 7 Months
Key Responsibilities:
• Supervise the entire financial and accounting functions including daily journal entries, reporting and developing the statutory financial reports maintaining high level of accuracy adhering to the set time frame.
• Monitor accounting data, maintain accounting records for each transaction, ensure appropriate preparation of general ledgers, trial balance and financial records and keep accounting filing system in order.
• Manage internal controls, assess the financial statements to highlight potential risks, ensure the standard operating procedures and policies are in place and working effectively.
• Analyze finance documents and statements to provide accurate interpretation of data for deliberation by the stake holders and top management personnel.
• Preparing and submitting regular monthly reports based on review of cost performance, and discussing required corrective actions with the senior management team.
• Develop and nurture excellent business relationship with the corporate bankers to secure financial services at favorable terms and conditions for the organization.
• Review internal processes and the set parameters to analyze changes to make suggestions to the concerned personnel for the overall benefits of the organization.
• Update with the market trends and customer expectations to strategically design long term business plans to achieve the set goals and objectives.
• Research on the overall business performance to ascertain the key influencing factors and devise action plans to overcome the obstacles in achievement of the set objectives.
• Liaise with the governing authorities to update on the recent developments in Zakat policies to ensure compliance with the established statutory rules and regulations.
• Make provision for working capital requirement with close monitoring of banking credit limits utilized/underutilized and generate extra cushion for contingencies enhancing the limits on an ad-hoc basis.
• Coordinate with auditors, solicitors and statutory authorities to ensure compliance with the statutory requisitions as per the existing legal protocols.
• Highlight the variances discussed in the audit reports with the concerned authorities to recommend corrective action.
• Handle the preparation of mandatory reports including the monthly reports on internal checks and controls for submission to the management for review and assessment.
• Cooperate with the external auditors to ensure smooth conduct of audit of the financial records and statements of the organization.
• As part of capital budgeting analyze the viability of prospective projects and finalize profitable ventures for business growth; review capital requirements, liaise with banks to secure short-term and long-term loans as per funding needs.
Highlights:
• Analyzed processes to strategically implement process modification in departments to enhance the overall accuracy and make submissions with accuracy and punctuality.
• Played a pivotal role to make correct forecasts for the financial requisitions and ensured apt execution of month end accounting duties such as journal processing and balance sheet reconciliation.
Key Responsibilities:
• Reviewed the entire accounts related documentation of the organization to highlight variances and ensure adherence to the accounting protocols maintaining highest level of accuracy.
• Monitored and reviewed accounts receivables and accounts payable statements to provision for timely submission of payables and follow up to collect outstanding dues from the market adhering to the set time frame.
• Reconciled all financial and bank statements to enable appropriate cash management adhering to the policies and protocols of the organization.
• Coordinated with the departmental heads to collect the related data and ensure finalization of accounts statements taking care to minimize variances.
• Prepared and presented financial statements, the statutory returns adhering to the time frame putting in place standard checks and balances to minimize variances and deviations.
• Liaised with the bank officials to build robust business relationship enabling smooth conduct of business adhering to the existing rules and regulations for finance transactions.
• Ensured smooth conduct of annual audits coordinating with the concerned departments and monitored to establish policies and protocols in compliance with the goals and objectives set by the management.
• Accounted for to meet the fiscal accounting objectives set by the management and maintained fiscal files and records all the transactions executed by the organization.
Highlights:
• Extended support to develop and maintain operational systems for all finance & accounting activities aligning with the company goals and objectives.
• Brought about improvement in reporting of monthly profitability statements, accounting procedures and tax planning activities as per the management requisitions.
Key Responsibilities:
• Led, monitored and scrutinized the overall accounts operations, conducted of the mandatory audits, budgeting and MIS adhering to the policies and protocols set by the governing authorities and the management.
• Reviewed processes for the generation of financial forecasts and budgeting plans liaising with the department heads to ensure preparation of accurate reports adhering to the set time frame.
• Handled the processes for the generation of Profit & Loss reports along with the other financial reports & statements to submit to the stakeholders for further deliberation.
• Prepared the daily, monthly & yearly accounting reports including GL, RV, PV, FA, intercompany balances, petty cash, payroll, provisions, prepaid expenses, costing, billing and bank reconciliations to highlight variances, if any.
• Tracked the reports focusing on trade debtors, trade creditors, bonding, cost control & overhead control to ascertain the scope for further improvement.
• Analyzed variances in the finance documents to design action plans with the aim to enhance accuracy and save time implementing strategic modifications in the processes.
• Liaised with the auditors and department heads to confirm the veracity of year-end financial statements and make the necessary submissions to the stakeholders within the set time deadlines.
• Accounted for the timely submission of all the mandatory taxes as per the legal requisitions framed by the governing authorities.
• Managed the cash-flows to ensure smooth management of the accounts receivables and accounts payables.
Highlights:
• Analyzed processes to strategically implement process modification in departments to enhance the overall accuracy and make submissions within the specified time frame.
• Played a pivotal role to make correct estimates of the monthly expenses and payroll and ensured apt execution of month end accounting duties such as journal processing and balance sheet reconciliation.
PREVIOUS ASSIGNMENTS
Owner, Skysoft Technology Co., Egypt, December 2002 to August 2005 (02 Years 08 Months)
Roles & Responsibilities: Played a pivotal role in setting up of the establishment. Managed the development of accounting software to implement checks and controls for apt financial management. Designed the enterprise website focusing on the target customer audience.
مدير استثمار
ماجستير ادارة مالية