Finance Manager
Unichem LTD.
مجموع سنوات الخبرة :16 years, 1 أشهر
Arranging new sources of finance for company’s debt facilities
• Developing financial management mechanisms that minimize financial risk;
• Conducting reviews and evaluations for cost-reduction opportunities;
• Managing company’s financial accounting, monitoring and reporting systems;
• Providing and interpreting financial information;
• Monitoring and interpreting cash flows and predicting future trends;
• Analyzing change and advising accordingly;
• Formulating strategic and long-term business plans;
• Researching and reporting on factors influencing business performance;
• Analyzing competitors and market trends;
• Liaising with auditors to ensure annual monitoring is carried out;
• Developing external relationships with appropriate contacts.
• Managing budgets;
• Supervising staff;
• Keeping abreast of changes in financial regulations and legislation.
Finance Manager ( June 2006-June 2013)• Implementation of Accounting Systems: Overseeing accounting functions right up to the finalization of year-end statements such as Balance Sheet, Profit & Loss Account.
• Accounts Management: Ensuring consolidation of accounts in scheduled timeframes, planning and preparing funds flow and cash flow statements for top management evaluation.
• Finance Functions: Formulating the finance controls with expenditure scrutiny and control of debtors and creditors in the entire organization. Skilled in financial vetting of contracts.
• MIS Management: Generating MIS for management perusal for informed decision making.
• Funds and Allocations: Scrutinizing funds statements and cash-flow, their distribution and appropriation as per revenue generation.
• Audits Co-ordination and Reports Management: Management of Internal Audit department, authentication of audit reports and coordinating with Statutory Auditors, for yearly accounts consolidation and the subsequent finalization of accounts.
• Accounts Payable and Receivables Management: Reconciliation of debtors and creditors within the given time limits and their management. Preparation and management of debtor and creditor accounts.
• Budgeting and Variance Analysis: Hands-on exposure in devising and effectuating budgetary controls, preparing monthly expenditure statements and comparing performance with budget including variance reporting and taking necessary corrective measures.
• Developed and implemented efficient accounting, financial and operational system.
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• Negotiated and reviewed business contracts and financial models with business profitability and financial success in mind.
• Lead modeling, planning and execution of all financial processes.
• Recommended innovative alternatives to generate revenue and reduced unnecessary costs.
• Created financial tools to facilitate variance analysis.
• Researched market trends and surveys and used information to stimulate business and revenue growth.
• Analyzed complex regulations and policy documents that directly impacted budgetary and financial matters.
• Lead company budget committee and setting departmental budgets.
• Improve cash flow and arrange financial requirements with banks and ensure timely settlements.
Senior Accountant (Dec 1999-May 2006)-Saudi Underwater Services Co., Ltd. Jeddah, Saudi Arabia.
• Performed monthly, quarterly, and annual reconciliations and audit work papers, footnotes, and schedules as requested.
• Reviewed, advised, and implemented modifications to accounting systems to maximize productivity, reporting and internal controls.
• Monitoring computerized financial system and assisted departmental personnel with budget questions, proper expenditure coding, document processing and other accounting related activities.
• Performed fiscal year-end and fixed asset accounting as well as annual budget.
• Performed monthly close processes to increase accuracy of recording financial transactions and analyzing results in a timely manner.
• Performed variance analysis, labor efficiency, and labor and spend analysis, cost estimates, budgets, standard updates, journal entries and account reconciliations.
• Act as liaison between Finance and operation units to improve productivity and achieve strategic objectives
• Prepared journal entries and reconciles general ledger and subsidiary.
• Prepared monthly financial statements, including distributing monthly revenue and expenditure reports to departments.
• Analyzed and reconciled expenditure and revenue accounts.
• Calculated and prepared reimbursement billings and tracks receivables; reconciled monthly accounts receivable.
• Prepared audit schedules for external auditors and acted as a liaison between the company and auditors.
• Prepared and filed annual financial statements for the company.
