Finance Manager (Head of Finance)
Kalaam Telecom Bahrain
مجموع سنوات الخبرة :25 years, 2 أشهر
• A member of the senior leadership group, reporting to the CEO and the pivotal contact for Auditors, Bankers and Government bodies.
• Ownership of finance control, working capital management, CAPEX/OPEX budgeting, forecasting, GAAP/IFRS based financial reporting, financial strategy, internal policies and finance procedural development to ensure records systems are maintained in compliance to applicable legislation.
• Leadership of five finance groups: Accounts, Billing, Receivables, Payables & MIS and directing the finance teams for the delivery of management reporting, MIS reporting, billing timelines & revenue assurance reporting, statutory and regulatory reporting.
• Developing and improvising various dashboards to constantly monitor, analyze and take strategic decisions on key financial & operational performance and metrics.
• Providing commercial leadership by partnering with the Corporate/Retail Sales & Products teams for all contract negotiations, revenue projections, discount structures, product pricing, customer disputes and risks involved, etc.
• Partnering with department heads in forecasting their respective department overheads and providing them with insightful analysis on variances in the monthly forecast updates
• Identifying opportunities for sound financial sustainability through cost savings and revenue generation by working in conjunction with the management and other members of the management team.
• Driving compliance processes and ensuring the company complies with all relevant SLA and legal agreements, to support corporate governance and risk management of the business.
• An integral member of the leadership group, was responsible for all financial and fiscal management aspects including decision making on company operations.
• Reported to the CFO & CEO with dotted line reporting to the Managing Director and had significant contact with Internal/External Auditors & Bankers.
• Owned the financial control, working capital management, budgeting and forecasting GAAP/IFRS based financial reporting, revenue recognition, financial strategy, HRA functions, internal/Sarbanes Oxley (SOX) controls implementation.
• Responsible for all monthly, quarterly and annual financial/operating reporting, budgets & forecasting and provided comprehensive analysis & implementation strategies on variances.
• Developed the entire accounting and administrative framework of the company.
• Provided analysis and strategic decisions on Sales, COGS, Revenue, AVR, Direct Contribution Margin (DCM), OPEX, CAPEX, time costs, headcount and other KPIs to ensure optimization of financial results and achievement of annual budget.
• Provided commercial leadership to Client Servicing teams on contract negotiations, product costing, retainer pricing, sales projection & margin analysis; and Production team on COGS analysis.
• Prepared, reviewed and commented on compliance of legal and contractual third party agreements with agency.
• Prepared financial statements & MIS reports with analysis on a monthly basis for the Accountant.
• Maintained complete books of accounts accurately up to finalization & performed reconciliations.
• Ensured accurate revenue recognition by following monthly closing process of Direct sales & cost.
• Performed AR & AP functions including liaising with Customers and Vendors for resolving disputes.
• Reconciled & maintained register for fixed assets, Bank Accounts, Accruals, WIP and Prepayments.
Managed audits and led audit teams with strict attention to detail in stringent timeframe based environments. Specialized in identifying risks in Internal Controls and to suggest and implement corrective measures. Prepared financial statements and audit reports in accordance with accounting standards laid down and mentioned by Companies Act and the Income Tax Act.