Finance Director
Almahmal facilitates Services
Total des années d'expérience :18 years, 6 Mois
Developing a comprehensive system of effective internal controls by developing policies and procedures.
▪ Assisting in regulating, implementing and maintaining a timely, full and accurate set of accounting records, in a manner commensurate with the relevant legislation and regulatory requirements
▪ Review monthly and yearly closing, timely and accurate Trial Balance
▪ Reporting monthly financial package to management.
▪ Managing the year-end audit process and providing consolidated statutory accounts and audit files on demand from external auditors
▪ Educating the direct reporting staff in the development, analysis & preparation of reports in compliance with policies & procedures and reviewing all reports for accuracy
▪ Coaching and mentoring staff as appropriate to improve performance
▪ Managing VAT records, reconciliations, filings and payments.
▪ Facilitating the audit process of the Department
Oversee the implementation of goals, objectives, and operating procedures within the Finance and Accounting Department
Developing appropriate internal controls/accounting procedures and monitoring adherence to agreed procedures
Assisting in regulating, implementing and maintaining a timely, full and accurate set of accounting records, in a manner commensurate with the relevant legislation and regulatory requirements
Preparing the Group budget for all Business lines (Real Estate, Private Equity, Capital Market, Business Development, Proprietary Capital, Investment Banking) and Affiliates units
Review monthly and yearly closing, timely and accurate Trial Balance
Reporting monthly to management the following analytical reports: -
o PTD & YTD income statements
o Trend (Growth) analysis
o Financial ratios
o Actual vs. Budget variance analysis
o Cash Flow statements
Managing the year-end audit process and providing consolidated statutory accounts and audit files on demand from external auditors
Educating the direct reporting staff in the development, analysis & preparation of reports in compliance with policies & procedures and reviewing all reports for accuracy
Overseeing the IPO Financial Due Diligence exercise
Coaching and mentoring staff as appropriate to improve performance
Handling the daily operations of the department including reviewing all payments, processing related to suppliers and maintenance of payment records, fixed asset register by the subordinate staff
Preparing, reconciling and submitting Zakat litigations
Reviewing quarterly and year-end Financial Statements (consolidated & Standalone)
Liaising with cross-functional departments - Business Lines (Real Estate, Private Equity. Capital Market, Business Development, Proprietary Capital, Investment Banking) - to obtain relevant financial data
Ensuring all risk assessment and regulatory requirements are adhered to and relevant financial information is provided to Capital Markets Authority as requested
Facilitating the audit process of the Department
Assisting in evaluating, recommending the auditors’ firms for assigning to the companies’ group
Assuming Financial Controller duties functions in the absence of the FC
Review the monthly trial balance.
Preparing monthly analysis for the management.
Report on a monthly basis to the board of directors the following analytical reports: -
- PTD & YTD income statements,
- Trend (Growth) analysis,
- Financial ratios,
- Actual vs. Budget variance analysis,
- Cash Flow statements.
Provides information by collecting, analyzing, and summarizing data and trends.
Ensure timely closing of General Ledger and generate trial balance on time.
Preparation of financial statements with comparisons and various analyses.
Ensure that accounting takes place as per the Group Accounting Policies and the SOCPA.
Responsible for arrangements of annual audit with the External Auditors.
Responsible for preparing, reconciling & submitting both sales & income tax declarations on timely basis.
Maintain a documented system of accounting policies and procedures
Manage outsourced functions
structure adequate for achieving the department's goals and objectives
Forecast cash flow positions, related borrowing needs, and available funds for investment
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
Maintain banking relationships.
Manage the preparation of the company's budget.
Assist management in the formulation of its overall strategic directions.
Engage in ongoing cost reduction analyses in all areas of the company.
Participate in target costing activities to create products that meeting predetermined price goals.
Compile key business metrics and report on them to management
Ensure that the recorded transactions are recorded in an efficient, effective, and in accordance with the accepted accounting procedures and principles.
Ensure that banks reconciliations are done on a monthly basis and that discrepancies are resolved next month.
Ensure that inter-branch accounts are reconciled on a monthly basis.
Report on a monthly basis to the board of directors the following analytical reports: -
- PTD & YTD income statements,
- Trend (Growth) analysis,
- Financial ratios,
- Actual vs. Budget variance analysis,
- Cash Flow statements.
Ensure timely closing of GL and generate trial balance and analyses reports.
Oversee the flow of cash and financial instruments.
Recruit staff members and oversee training programs.
Prepare financial and regulatory reports required by laws, regulations, and boards of directors.
Provides information by collecting, analyzing, and summarizing data and trends.
Establish procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
Review collection reports to determine the status of collections and the amounts of outstanding balances.
Supports external auditors by coordinating information requirements.
Prepares for audits by researching materials; formulating a plan of actions.
Improves protection by recommending changes in the internal control structure
Description of the assigned duties: -
Review the monthly trial balance.
Preparing monthly analysis for the management.
Ensure timely closing of General Ledger and generate trial balance on time.
Preparation of financial statements with comparisons and various analyses.
Ensure that accounting takes place as per the International Accounting Standards.
Responsible for arrangements of annual audit arrangement.
Responsible for preparing, reconciling and submitting both sales & income tax declarations on timely basis.
Handling the payroll system
Responsible for preparing the monthly, interim and the year-end financial statements with the full analysis provided to the management, and the related closings and reconciliations on a monthly basis.
Responsible for handling the payroll systems and the related employees' concerns.
Responsible for preparing the Sales & Income Tax declarations in co-ordination with the consultant, related statements and supplementary disclosures, and all the follow-up procedures.
