Finance Manager
Al-Othman Holding Company
Total years of experience :15 years, 9 Months
Key Responsibilities & Duties:
Managed and monitored the day-to-day financial operations of two different Business Units
Reviewed P&L, Balance Sheet, and Cash Flow statements on a monthly, quarterly, and YTD closing basis.
Prepared monthly financial performance reports and presentations for Top Management and Shareholders, providing appropriate analysis and recommendations for decision-making purposes.
Analyses and closely followed the financial performance of all projects.
Lead the strategic aspects of the detailed annual operating plan, budgeting processes, forecasting, and long-term planning activities, including the development of a 5-year Business Plan.
Created and presented financial plans and overviews for each standalone company.
Identified each Business Unit's financial status by analysing results against plans and forecasts, monitoring variances, identifying trends, and recommending action plans to management.
Managed weekly, monthly, and yearly cash flow projections.
Reviewed and controlled production costing, analysing actual costs against standard costs on a product-wise basis .
Managed accounts receivables, conducted weekly meetings for collections, and analysed credit applications in accordance with Group Credit Management Policy.
Managed accounts payable and inventories in compliance with company policies and procedures.
Oversaw finance and cash flow management for each standalone project, analysing financial gaps and implementing necessary measures.
Managed Business Units' treasury activities, including bank facilities, L/Gs, L/Cs, and leases.
Managed fixed assets and CAPEX, conducting yearly physical counts for fixed asset control.
Collaborated with audit firms such as "PKF" and "Bakertilly" for IKTIVA.
Managed monthly VAT Return & requirements and inquiries in compliance with GAZT regulations.
Analysed actual performance in costs, pricing, revenue, and Contribution Margin of the company.
Utilized ORACLE - Fusion Cloud ERP for financial, Costing and reporting.
Key Responsibilities & Duties:
Reviewed monthly, quarterly, and YTD Financial Reports and presented to the Board.
Monitored the day-to-day financial operations within the company.
Prepared, implemented, and followed up on strategic, financial, and operational plans for the department.
Prepared and reviewed the Annual Comprehensive Budgeting and Forecasting, analysing variances.
Built and maintained strong strategic relationships with external partners.
Managed Accounts Payable, Accounts Receivable, Inventory, and Construction Projects.
Reviewed monthly, quarterly, and yearly Manufacturing and Construction Costing.
Established and maintained financial policies and procedures, tracking the company's financial performance.
Managed the annual and interim auditing with KPMG and Baker Tilly.
Checked and monitored monthly and yearly VAT, Zakat, and tax compliance with the relevant laws.
Managed bank facilities, including L/Gs, L/Cs, CAD, Finance Leasing, and LT Borrowings with BSF, SIDF, ANB, and Riyad Bank.
Prepared and monitored the monthly, quarterly, and year-end cash flow situation.
Analysed actual performance in costs, pricing, revenue, and CM of the company compared to business plans.
Reviewed all month-end closing activities, including general ledger and trail balance, ensuring the accuracy and effectiveness of corporate accounting consolidation, closing process, and treasury operations through controlling systems and trend analysis.
Managed fixed assets and applied proper valuation, controls, and records of capital assets, including capitalization, transfers, and disposals.
Worked on SAP on FI, MM, and SD modules.
Position : Accounting Manager From July.2015 till Mar.2019
Position : Accounting Supervisor From May.2012 till June.2015
Key Responsibilities & Duties:
Prepared monthly, quarterly, and yearly financial reports.
Monitored day-to-day financial operations within the company.
Managed budgeting by preparing annual budgets and forecasts.
Prepared and reviewed construction costing and progress invoices with the Ministry of Housing in KSA.
Tracked the company's financial status and performance to identify areas for potential improvement.
Established and maintained financial policies and procedures.
Managed external audit firms (KPMG and Baker Tilly) on a yearly basis.
Prepared and computed VAT and Zakat returns and filed them on a monthly and yearly basis.
Managed bank facilities and reviewed agreements with BSF, SIDF, ANB, and RiyadBank
Oversaw accounting operations, including Accounts Payable, Accounts Receivable, General Ledger and Inventory.
Prepared, monitored and presented the monthly, quarterly and yearly cash flow situation.
Managed warehouse and the inventory committee.
Handled banking activities, including bank reconciliations, letter of credit and L/G management.
Ensured compliance with policies and governance such as IFRS, VAT, Zakat and Saudi customs.
Managed fixed assets and capital expenditures.
Prepared costing schedules for manufacturing costing, spare parts and project costing.
Working on Bayt ERP
Key Responsibilities & Duties:
Assisted the Accounts Manager in preparing monthly financial statements.
Managed treasury activities, including petty cash management and preparing journal entries.
Demonstrated expertise in dealing with banks for issuing Letters of Credit and others
Independently handled Accounts Receivable, Accounts Payable, payments, receipts, file handling, and record keeping.
Prepared the general ledger, sub-ledger, and payroll.
Managed the collection and payment processes for the company.
Reviewed monthly payroll, verified calculations for employee and customer dues, and ensured accuracy of additions and deductions.
Prepared costs related to transportation and logistics.
Purchased materials and spare parts for construction items from suppliers.
Worked with Microsoft AX Dynamic 2009
Key Responsibilities :
Handling Sales Tax & Income Tax Return and Submitted to TAX Authority.
Accounts Receivables.
Preparation of Bank Reconciliation Statements.
Handling and Preparation of Petty Cash Analysis Statement at the end of the month.
Preparation of Monthly payrolls.
Handing Letter of credit with Local Bank and Documents with the Egypt Customs.
Customs Clearance papers-dealing with Egyptian Customs
Prepare the documents and Financial Data required for the annual External audit process.
Using software- Crystal ERP.
Certified Management Accountant