Accounts & Finance Department Head
UC
مجموع سنوات الخبرة :24 years, 7 أشهر
I am working as in the Post of Accounts & Finance Department Head,
Responsibilities :
• Formulating financial strategies, interpreting financial information, performing business forecasting, monitoring performance and efficiency of financial models.
• Analyzing change, conducting risk assessment, formulating long-term business plans in addition to researching and reporting on factors influencing business performance.
• Establishing strategic finance plans and creating financial packages for new projects in addition to overseeing finance, accounting and financial reporting functions.
• Developing a financial reporting systems and rendering expertise on several ERP exercises, developing complex finance models, performing pricing and competitor analysis.
• Assessing the financial implications of existing ventures, managing processes relating to financial accounting, detailed budgets, financial plans and financial control at the company level.
• Performing supervisory functions pertaining to formulation of cash flow statements on a yearly, monthly and weekly basis.
Assumed responsibilities for companies related to construction, namely National Ready Mix, National Steel, Marble, Aluminum and Fabrication all related to the Industrial Trading sector.
Responsibilities :
• Formulated financial policies and procedures for the company and reviewed it with the management for sufficiency of matter enumerated.
• Assumed responsibility for performing transactions and accounting for receivables and payables, petty cash, expenditures, bank facilities and other extensions.
• Prepared and reviewed the monthly and yearly budgets, scrutinized preparation of consolidated financial statements such as cash flow and P& L and variance analysis with the actual data
• Devised the credit and collection policies and procedures, formulated monthly collection strategy and plan, set weekly collection plans and targets per collector and reviewed the same with the management.
• Enforced collection training mechanism, expedited customers due collections, ascertained reasons for old due collection and resolved them in addition to assessing the customer credit worthiness and proposing credit limits.
• Assessed customer credit limit for both new and old customers and adjusting the credit limit if needed, reviewing the customer reconciliation statement and resolving pending issues with customers
• Performed monthly reporting of the credit status per company and consolidated for the group, controlled and reviewed age analysis, reported on activities pertinent cash flow, financial statements, budgets, expenses and receivables.
The company is among the largest stationary trading companies in KSA.
Responsibilities :
• Planned strategies, analyzed and reported on business performance to senior management, interpreted financial reports and resolved accounting issues, .
• Provided monthly variance analyses, maintained monthly P&L forecasts and identified associated risks and opportunities in addition to evaluating revenue and profit growth opportunities.
• Formulated yearly consolidated and unconsolidated financial statements, budgeted cash flow and performed variance analysis on actual data in addition to reviewing contra entries for suppliers and clients.
• Supervised suppliers reconciliation, performed age analysis of the suppliers and reviewed performance of actual vs projected budget on a daily basis in addition to preparing daily financial reports for CEO containing key financial information.
• Performed monthly bank reconciliation, financial cost analysis, devised loan settlement schedules, review and adjusted controlling system in addition to ascertaining reasons for discrepancy.
The factory is specialized in manufacturing and filling toners for several machines and brands of photocopiers, printers and fax machines.
Responsibilities :
• Oversaw financial affairs for the entire institution and marshaled different departments and cost centers including: finance, accounting, credit, personnel, IT and transportation departments.
• Marshaled a team of 10 employees in the Accounts & Finance Department
in charge of preparation of monthly payroll and benefits.
• Reviewed internal control systems in place, monitored effectiveness and efficiency of operations, ensured reliability of financial information and compliance with the applicable laws and regulations.
• Reported to the Board of Directors and presented reports for strategic interpretation encompassing consolidated reports from the international branches, accounts receivable, age analysis, doubtful debtors, P &L and integrated financials.
• Prepared the daily financial report for CEO, followed up on the financials with banks and other institutions, reviewed the controlling system and devised cost control strategies.
The company publishes Daily Star, one of the reputable English newspapers in Beirut and the Middle East published daily.
Responsibilities :
• Calibrated and reviewed the daily, monthly and yearly budgets, controlled the receivables and payables accounts on a daily basis and liaised with banks and other financial institutions.
• Handled transactions pertinent to international suppliers and receivable accounts spread across Europe & USA.
• Formulated monthly Reports for the President & BOD, controlled payroll and compiled consolidated reports that came from international branches.
Other Relevant Experience :
• Jan '95 - Jan '97 :
Accountant, Hyatt Regency Hotel, Kuwait.
• Jan '92 - Jan '95 :
Accountant, Trad Hospital, Lebanon
Lectures Attended : • CMA/CFM • Leadership, HBS Online • Harvard Management, HBS Online • Costing, Saudi Accounting Bureau • Planning & Budgeting, Saudi Accounting Bureau • Advance Excel, New Horizon, Beirut