Finance Manager
Eye Specialty Hospital
Total years of experience :15 years, 6 Months
- Overseeing all works and duties related to finance and accounting such as;
financial accounting, AP & AR, patients accounting, insurance, procurements,
medical and non-medical stores.
- Preparing monthly FSs accompanied with related comparisons, LY and
budget. In addition to preparing full set of financial reports such as; centers
profitability reports, KPIs operational and financial, variance analysis.
- Overseeing the works of annual budget and operating plan.
- Advising BODs on new business opportunities, engagements and
investments, and performing related sensitivity analysis and studies.
- Treasury and fund management.
- Ensuring compliance with hospital’s policies and procedures.
- Ensuring the effectiveness of internal control over the financial transactions.
- Playing important role in maintaining excellent relationships with
stakeholders.
- Staff management within finance and accounting departments, Hiring,
termination, couching, training, appraisal and promotion decisions.
Preparing the monthly set of financial statements “P&L, BS & CF”,
incorporated with related KPIs, and perform detailed proper analysis in
addition to the financial report.
- Perform Comparison actual vs budget and LY results and inspect variances, in
addition, analyze prices and volumes’ variances for each route.
- Reporting on revenues by service category “passengers, cargos, charted
flights, ancillaries”, also by regions and profit centers.
- Analyzing routes profitability, and provide related reports.
- Preparing forecast report to year-end results.
- Working on special projects concerned with cost reduction and profit
maximization. preparing related reportsto advise top management in making
related decisions. “Ground services outsource project”.
- Preparation of the annual budget work, implementing Zero base budget,
where I used to work on different areas along with the budget team, such as
Sales budget, outstations budgets, Aircrafts’ Maintenance budget, GSE
“Ground Service Equipment” budget, Ground handling budget, IT budget and
HR budget
- Daily monitoring of cash position, to ensure sufficient fund to meet ongoing operations’ needs.
- Review TB accounts on a monthly basis, ensure timely & accurate closing.
- Produce monthly financial analysis and KPIs, perform trend analysis.
- Study business opportunities and provide high level analysis for decision making.
- Regular review of aging schedules of A/R and A/P, and ensure smooth relation with suppliers and customers.
- Daily monitoring liquidity and cash position, to ensure sufficient fund to meet
ongoing operations’ needs.
- Review TB accounts on a monthly basis, ensure timely & accurate closing.
- Produce monthly financial analysis and KPIs, perform trend analysis.
- Study business opportunities and provide high level analysis for decision
making.
- Regular review of aging schedules of A/R and A/P, and ensure excellent
relation with suppliers and customers.
- Produce monthly P&L statement for each store accompanied with its related
financial analysis.
- Monitor key performance indicators on monthly basis, analyze sales trends,
investigate variances and root causes.
- Assume the responsibility of cash management, including daily review of cash
position, weekly cash flow forecast “liquidity forecast”.
- Oversees bank accounts on daily basis, Act as the focal point of contact with
banks.
- Review all banks reconciliations “More than 50 bank account” on a monthly
basis.
- Play advisor role in business development decisions, including investment in
new stores or store discontinue decisions.
- File withholding tax with IRS.
- File monthly sales taxes with Florida department of revenue.
- Weekly review of trailing credit and plans activations’ commission received
from Cricket AT&T.
- Preparing monthly adjusted Trial Balance, and ensuring accurate and timely
financial closing.
- Reviewing monthly banks’ reconciliations.
- Worked on developing Policies and Procedures manual for the finance
department.
- Act as Finance Champion during the adoption and implementation of new
ERP system.
- Review the internal audit reports, discuss it with the concerned parties, and
setup plans to implement corrective actions.
- Monitor the accounting team performance, and supervise their assigned
tasks.
- preparing the monthly tax withholdings for doctors’ fees and sales tax.
- Review the monthly payroll payments.
- Reviews accounts payables and manage the weekly check runs.
- Control petty cash disbursements, and reimbursements.
- Reviewing monthly bank reconciliations.
- Review, inspect, and correct errors in financial entries, documents, and
reports.
- Check payroll, incentives, social security (GOSI) and End of service benefits.
- Prepare ZAKAT (Withholding taxes) report for foreign companies’ payments.
- Work and follow up with external auditors, respond to their inquiries, initial
review of the financial statement’s drafts.
- Work with KPMG on due diligence Job.
- Assure timely and accurate monthly financial closing and recording the
necessary adjusting JVs.
- Perform monthly bank reconciliation.
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- Handle drug stores and doctors’ payments.
- Ensure accurate and timely remittance to income tax and social security
agencies.
- Reviewing claims’ settlements of health insurance companies and charitable
organizations’, to assure compliance with agreement’ terms.
- Leading the process of year-end inventory physical count.
- Monitoring and couching the work of patients’ accountants.
- Fulfilling the external auditors’ requirements. Through providing assets
movements, AR aging and other schedules.
- Performing monthly dashboards showing hospital services revenues.