general finance manager
Al Sharhan Industries Co., Kuwait
مجموع سنوات الخبرة :18 years, 0 أشهر
1. Preparation, review and presentation of monthly, quarterly and annual financial reports.
2. Preparation of projected cash flow statement and reports actual vs. projection.
3. Manage the cash flow and supervise financial transactions within the company to ensure there are no discrepancies in reports.
4. Forecasting cash payments and anticipating challenges arising from limited cash flow.
5. Working with executives and business heads to prepare budgets and track profit / loss performance by business unit and on consolidated basis
6. Providing advice on financial matters impacting on the company as a whole.
7. Taking responsibility for, and supervising the work of, more junior members of staff
8. Arranging financial audits and reviews as required.
9. Maintaining and transferring money between bank accounts as required.
10. Recommend and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities
11. Maintain banking relationships.
12. Assist in SAP implementation
13. Handle the day to day job performance of the staff members and manage the payroll activities in approval of the manager.
14. Oversee the inventory process and perform in-depth cost of goods analysis.
15. Ensure a timely and accurate month end closing process.
16. Analyze monthly balance sheet and P&L figures to prepare comments and expose performance trends.
17. Perform other duties as assigned by VP-Finance.
1. Preparation of Final Accounts.
2. Cash Flow Forecasting / Cash Flow Management
3. Effective management of Accounts Receivables and Payable
4. Liaison with Statutory Auditors
5. Reconciliation of Bank, Cash, Debtors & Creditors
6. Fixed Assets Accounting
7. Preparation & Verification of Employees Commission.
8. Preparation of Departmental Profit & Loss Account
9. Handling Shelf Rentals commitments and keep provision.
10. Coverage of inventory.
11. Shrinkage Provision for Inventory.
12. Debtors & Creditors ageing analysis report and payment follow-up.
13. Day to day banking transactions such as preparation of cash & bank Vouchers, Bank Guarantees, Letter of Credit (LC), Guarantees etc.
14. Interact with internal and external auditors in completing audits.
1. Preparation, review and presentation of monthly, quarterly and annual financial reports.
2. Preparation of projected cash flow statement and reports actual vs. projection.
3. Preparation of projected Financial Statements - Profit & Loss Account, Balance Sheet and Cash Flow 4. Maintaining accurate and up to date records of all financial transactions.
5. Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc.
6. Coordinate with finance team to complete assigned accounting tasks within deadlines.
7. Monitor and record financial transactions according to company policies and regulations.
8. Responsible for day to day finance & accounts operations.
9. Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
10. Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
11. Monitor and review accounting and related system reports for accuracy and completeness.
12. Monitor expenses, analyses revenue & determine budget variance and report to CFO
13. Handling all bank transactions including transfers, deposits, financing/facilities/LC/LG/LBD 14. Assist in budget preparation and expense management activities for assigned accounts.
15. Supervision the day-to-day operation of the accounting Maintaining fixed asset schedule and passing depreciation entries.
16. Assist in SAP implementation Other financial management duties assigned by the Director of Finance.
1. Cost of Sales processing and matching with point of sales data.
2. Calculate & review inventory shrinkage provision.
3. Analysis of inbound shipments standard landed cost with actual, closing each shipments with costing variance gain or loss.
4. Review Standard cost Matrix for inventory and amending if required further to the approval.
5. Inventory reconciliation with financials and Stock management System.
6. Stock Take entries and adjustments as per LP reports.
7. Inter-company Reconciliation.
8. Oracle mapping with interface.
1. Preparation of Final Accounts.
2. Effective management of Accounts Receivables and Payable.
3. Reconciliation of accounts.
4. Fixed Assets accounting and maintain a register.
5. Preparation/Verification of Pay Roll & transfer.
6. Inventory Accounting and Controls.
7. Cash Flow.
8. Preparation of department Profit & Loss Account.
9. Preparation of project wise profitability report.
10. Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns.
11. Work consultatively with the respective departments on cost reduction initiatives.
12. Identification of Working in Progress.
13. Debtors & Creditors ageing analysis report and payment follow-up.
14. Bank, Debtors & Creditors Reconciliation.
15. Allocation of overhead to projects and reach actual gain / loss against each project.
16. Calculation of Leave and Indemnity Statement as per Kuwait Labour Law and maintain provision.
17. Temporally handled Purchase department task such as sending inquiries for quotations, comparing the quotes and negotiate with suppliers, placing orders, corresponding with international suppliers, give the instruction to the suppliers to follow the procedures for smooth customs clearance, nominate the freight forwarding agent as per the rate, transit time etc, taking Marine Insurance, interact with Customs clearing agent etc