Country Credit Control Manager - KSA
Tawuniya
Total years of experience :23 years, 2 Months
• Finalization of monthly, quarterly, half yearly and annual financial statements and submit it to MARSH UK and New York.
• Finalization of Quarterly Foreign Income Tax and Report to MARSH New York.
• Supervision of all financial activities for Marsh Saudi Arabia & Marsh Insurance Consulting.
• Comply with SAMA, CCHI, US GAAP, SOCPA and other regulatory requirements.
• Preparation of Provision for Doubtful Debts to ensure that it is adequate and is posted on a timely basis in accordance with US GAAP, SOCPA and other regulatory requirements.
• Coordinate with Internal Audit Team and follow up on the implementation of raised points.
• Closing the books on monthly basis and reporting to Global Head of Corporate Tax at MARSH New York.
• Preparation of With Holding Tax on Foreign Payments on monthly basis and submit the refund claims to DZIT through Tax Advisors E&Y.
• Finalization of Dividend / Zakat on Dividend and Foreign Income Tax.
• Comparison of actual v/s budget and actual with prior year and analyze variance with observations.
• Online submission of quarterly schedules to MARSH UK and New York.
• Coordinate with statutory auditors for finalizing the annual financial statements.
• Continuously update cash flow projections, develop consolidate and monitor cash flow fund planning and management.
• Submission of half yearly and annual SAMA forms and tax return of the company through our tax advisors.
• Monitoring the movement in Debtors & Creditors Aging.
• Overall Supervision of Revenues / Expenses / Assets / Liabilities etc.
• Overall Supervision of Financial Operations as per SAMA regulations and MMC Policies.
• Analysis and review of Aging Reports and Receivable for Debtors / Creditors (Underwriters / Suppliers).
• Review the Statement of Accounts for Debtors / Creditors (Underwriters).
• Follow up with Debtor’s for Outstanding Premium Payments.
• Review the Reconciliation of Debtors / Creditors (Underwriters) Accounts with our books.
• Allocation of Funds Received from Debtors.
• Allocation of Premium paid to underwriters as per Insurance Companies Debit / Credit Notes.
• Follow up to release the Premiums to Underwriters.
• Verification of Receipts.
• Verification of Invoices.
• Review of Debtors / Creditors Accounts as per Agreed Credit Policy.
• Verification of Payments.
• Verification of Bank Reconciliation Statements.
• Review, finalize and consolidate monthly, half yearly and annual financial statements and analysis thereof.
• Budgeting and forecasting with periodical controls, variance analysis and management reporting.
• Coordinate with lawyers in any sales tax and Income tax matters.
• Conducting Internal / External audits and finalization of audit reports.
• Submission of Annual return & different forms as per requirement.
• Monthly Regional reporting includes;
o Cash and Sales Management report.
o Actual versus budgeted sales analysis (Report includes analysis with respect to territory and regions).
o Reporting of trading results of distributions.
• Controlling corporate financial reporting.
• Budgeting and forecasting with periodical controls, variance analysis, and management reporting and ensuring compliance.
• Co-ordinate with bank officials for obtaining financing facilities, settlement of LC / BG transactions and arrange leasing finances.
• Coordinate with statutory auditors for finalizing annual financial statements.