Financial Manager
E. Power and Services SAL(EPS)
Total years of experience :14 years, 2 Months
JOB DESCRIPTION:
a-Financing duties:
- Manage the relation with the banks as set in the contracts, by daily process follow up and solving the problems that rise in head office or branches.
- Write each bank letter and instruction, and follow up with the banks to implement transaction.
- Manage day by day the financing program and assure the validity of money needed.
-Set the monthly cash flow plan, by calculating and taking provision for all expected expenses, calculating forecasted receivables, and forecast the payment program for the main suppliers.
- Prepare financial statements, feasibility studies, and other reports for management, and carry out all financial analyzing tasks needed for management decision making.
b-Accounting duties:
- Make needed control on the accounting process to assure the reliability of accounting data in the system.
- Decide newly created accounts in the system, and the type, nature, usage.
- Prepare main entries like payroll and other.
- Prepare for yearly closing, and follow up the audit plane with external auditor.
c-Other duties:
- Preparing the payroll and its related actions, (225 employees) issue the pay slips, salaries domiciliation in banks, and assign the needed fund for each bank with their related bank letters follow up.
- Monthly reporting and NSSF fees paying, and yearly NSSF settlement.
- Quarterly reporting and MOF fees paying (R10), and yearly MOF settlement (R5, & R6).
- VAT quarterly reporting to MOF.
d-Duties done for personnel till the HR department was established:
-Prepared all the forms for NSSF and MOF declarations (R3, & R4), and applied for the company’s employees.
- Make the needed monthly controls, and issue the monthly financial statements.
- Make the needed yearly controls and reconciliations, and issue the financial statements with the needed disclosures, performance measures, and analyses.
- Prepare for yearly budgeting, by supplying the needed data to all the involved managers and persons, and needed forms to be filled, collect the budgeted figures, assemble, and classify the master budget of the company, follow up with management adjustments, till reached to the final budget, and confirm it by the general manager.
- Compare budget to actual outcomes periodically, investigate variations from plans, discuss variation with management, furnish all the involved persons periodically with the needed performance data and necessary corrective actions to follow up there budgeted figures, and give timely alert for any material deviation, in any expense.
-Update and follow daily Banks and cash balances, set the daily payments program, work on implementing the goods customs program, and manage day by day the financing program to assure the validity of money needed.
-Prepare each bank letter, instruction, L/C‘s opening form, and any other bank formality, to be signed by the general manager.
- Manage the relation with the banks and other financing institutions, by daily process follow up and solving the related problems.
- Set with sales department the weekly collection plan, based on the receivables aging reports, credit terms and ceiling of each customer and follow the plan implementation day by day.
-Set the monthly cash flow plan, by calculating and taking provision for all expected expenses and due L/Cs to close, reserving customs plan money, calculating forecasted collection, and forecast the payment program for suppliers.
- Communicate with other managers to assure the implementation of the cash flow program, by informing sales manager about changes in needed collection or discussing goods customs program adjustments.