Finance Manager
Oman Gulf Energy
Total des années d'expérience :35 years, 3 Mois
• Help organizations to solve issues, create value,
maximize growth and improve business
performance
• Use business skills to provide objective advice
and expertise and help an organization to
develop any specialist skills that it may be
lacking.
• Identify options for the organization and suggest
recommendations for change, as well as
advising on additional resources to implement
solutions.
• Interview the client's employees, management
team and other stakeholders to evaluate
performance
• Liaise with the client to keep them informed of
progress and to make relevant decisions
• Carry out research & data collection to
understand the organization and conduct
analysis
• Implement recommendations, solutions and
ensure the client receives the necessary
assistance to carry it all out
• lead and manage those within the team,
including analysts
• Identify issues and form hypotheses and
solutions
• Present findings and recommendations to
clients. Manage projects and programs if
necessary
• Preparation of Monthly Financials, Monthly
Finance Reporting and Analysis
• Preparation of Forecasts, Capex and Rolling
Forecast on monthly basis
• Develop and analyze key performance indicators
and lead monthly financial reviews with Country
Management Team and advise management in
decision-making
• Review and analysis of revenue, expenses and
other cost elements on monthly and frequently
for the purpose of cost control
• Responsible for Review and thorough analysis of
P/L on monthly basis including movement of
assets/inventory
• Ensure quality and integrity of financial records
and resolve any major discrepancies that occur
on the ledgers through rigorous analysis
• Verify & Ensure the Correct Cost Coding for the
Processing of all invoices in local and foreign
currency
• Encourage and develop the capabilities of the
Finance team and create career opportunities
and growth
• Support procurement process of mandates,
Update of the 12 month rolling payment plan
• Submission of annual accounts to the local tax
authorities and Preparation of TBBS, TAR and
RTA as per GAAP
• Responsible for all taxes obligations, tax
payments and timely submission of tax returns
and related reports.
• Budget Preparation, compliance & Variance
Analysis, provide MIS support for management
decision based on accounting information
• Preparing Projected Cash Flow Statement and
Checking All Salary and Allowance Statement
• Preparing monthly/yearly Statement of Financial
Position, Comprehensive Income Statement etc.
and conduct interpretation and analysis of
periodic Financial Statements for the
management.
Unit wise monthly profit & loss statement
preparation
• Preparing tables and graphs to represent data
and financial reports in accordance with the
needs of the Regional Financial Controller and
senior management
• To prepare and implement action plans within
the financial management and propose
necessary amendments to the accounting
system
• Preparation of monthly management reports
and schedules including comment on “Forecast
vs Actual and “Budget vs. Actual” variance
reports.
• Analysis of Periodic & YTD Revenue, Comparison
with Budget & Forecast, Trend Analysis
• Accounts Receivable Analysis & Making
Necessary Reports and adjusting entries if any
• Assists Financial Controller in Preparation of
Budgets and Forecast
• Finalization of Forecast with Product Line
Managers and updating in HFM
• Month End Profit & Loss Analysis, Working with
Product Line Mangers for Profit & Loss
Statements
• Monthly Closing with respective department
teams, Reviewing Balance sheet reconciliations
• Prepares financial analysis and reports for
review, to assist decision-making and planning.
• Fixed Asset Management-
Addition//Depreciation/amortization/Write
off/Work in Progress etc..
• Lease agreement oversee
payments/adjustments of monthly rents against
advance
Foreign currency gain/loss calculation
• Verify party payments to ensure proper VAT,
WHT and Income Tax is deducted at source.
• Lease agreement oversee
payments/adjustments of monthly rents against
advance, Foreign currency gain/loss calculation
• Make accounting entry/ supervise entry by
different departments in ERP system (JDE
EDWARD).
• Maintain the general ledger and all related
accounts with proper documentation and
records of all company transactions/Journal
adjustment
• Check bank payments/Reconciliation Corporate
Banking Correspondence
• Preparation and Ensure the monthly tax returns,
IRPP, CNSS and WHT to the concerned
authorities
• Assisting with all aspects of the monthly
management accounts for the group by
deadline.
• Supervising Inter-Company, Accounts Receivable
and Accounts Payable teams for day to day
activities, month & year end closing
• Handling queries from Weather ford's Sub-
Sahara Region Office
• Leading financial projects of varied nature
• Preparation of month end close JE’s,
adjustments, allocation of costs and resolve any
variances
• Finalizing Cash calls for IC & AP
• Supporting Financial Controller for multiple
tasks to meet the deadlines
• Computation of Corporate Income Tax &
Personal Income Tax
• Troubleshooter for all problems faced by
departments (AR, AP, A&I etc.) including Payment
issues
• Reconciliation of CIP accounts and working with
A&I team for capitalization procedure
• Reconciliation of Logged Vouchers and RNV
accounts and co-ordinating with A&I team to
clean the accounts
• Prepare collection data and AR Aging on monthly
basis to follow up with collection team.
• Prepares, reconciles and reviews balance sheet
notes, including sub systems, and participates in
follow-up actions.
• Controls and prepares general ledger entries
including pre-payments, accruals, and
allocations.
• Meets deadlines, and ensures quality of
deliverable to ensure KPI objectives are met.
• Supervision, management, coaching and training
of staff.
• Preparation, reconciliation and control of
various balance sheet accounts.
• Responsible for processing invoices and issuing
payments. Monitor accounts to ensure
payments are up to date
• Review and verify invoices and check requests,
reconcile accounts payable transactions.
Prepare and process electronic transfers and
payments
• Sort, code and match invoices. Enter and upload
invoices into system .Set up invoices for
payment.
• Supervision of Intercompany and Accounts
Payable Trade team
• Responsible for inter-company receivables,
inter-company payable, third party payments
and receipts, reconciliations, etc.
• Responsible for month end closing of inter-
company department and billing department
• Reporting of IC Balances in Hyperion, taking
mismatch reports and resolve the mismatch
• Issue of IC invoices before cutoff date and co-
ordinate with Accenture for confirmation
• Confirmation of IC unbilled balances, taking
mismatch reports and resolve the mismatches
• Liaison with Internal & External Auditors to
ensure the controls per SOX.
• Tax reporting to MENA Region Office. Balance
Sheet Reconciliations & Commentaries
• Amortizations of Prepayments, Monthly Trend
Analysis of GL Accounts
• Assist in preparing necessary schedules for
annual statutory audit & Tax audit With E&Y as
per Saudi Law (DZIT)
• Preparation of month end close and
adjustments JE’s
• Reconciliation of Intercompany Lease
depreciation and Mark Up received and tracking
of Leased assets by coordinating with A&I team
• Tracking of R&M charges and accrual on
monthly basis
• Preparation of tax return- Corporate and
employees, AIT payment, finalization of
Assessment of taxes. Liaison with Tax Adviser.
• Checking preliminary financial statements for
external auditors
• Review entries to the general & subsidiary
ledgers to assure accuracy & compliance with
BAS and tax accounting principles.
• Monthly consolidated financial statements
preparation
• Monthly accounts receivables & payable
statements preparation to determine month
end balance for individual vendors.
• Make accounting entry/ supervise entry by
different departments in ERP system.
• Preparation of Payroll of three divisions.
Allocation of expenses of all divisions
• Preparation and entry of Journal Vouchers,
Payable Vouchers & Receipt vouchers
• Preparation of personal action of employees for
vacation and termination
• A/P invoice entry, payment application & aging.
Verification of stock statements with bin card
• Monthly closing of accounts and preparation of
reports
• Annual audit and reports to the Management
• Reconcile accounts payable transactions,
Prepare analysis of accounts
• Monitor accounts to ensure payments are up to
date, Prioritize invoices according to cash
discount potential and payment terms
• Match invoices to checks, obtain all signatures
for checks and distribute checks accordingly
• Reconciles processed work by verifying entries
and comparing system reports to balances.
• Maintains accounting ledgers by verifying and
posting account transactions.
• Reports taxes by calculating requirements on
paid invoices.
• Verifies vendor accounts by reconciling monthly
statements and related transactions.
• Manage and oversee the daily operations of the
accounting department
• Process month and end year process, accounts
payable/receivable
• Cash forecasting, revenue and expenditure
variance analysis, capital assets reconciliations
• Responsible for Cash receipts, general ledger,
payroll and utilities
• Budgeting, account statement reconciliations,
check runs, fixed asset activity and debt activity
• Handling monthly Tax returns as per
government rules
• Monitor and analyze accounting data and
produce financial reports or statements
• Coordinate and complete annual audits in
liaison with external auditor
• Attending Personal Hearings of Sales
Tax/Income Tax/Customs and Central Excise to
finalize queries
• Forecast cash flow positions, related borrowing
needs, and available funds for investment
• Manage the capital budgeting process, based on
constraint analysis and discounted cash flow
analysis
• Compile key business metrics and report on
them to management
• Responsible to manage the cash flow and
supervise over the financial transactions within
and outside the company.
• Provide funds with respect to rough cost
estimates for new products and services.
• Handle the day to day job performance of the
staff members and manage the payroll activities
in approval of the manager.
• Control and protect the assets in the interest of
the organization
• Reconciles bank statements by comparing
statements with general ledger
• Maintains accounting databases by entering
data into the computer, processing backups
• Verifies financial reports by running
performance analysis software program
• Determines value of depreciable assets by
running depreciation software program
• Protects organization's value by keeping
information confidential
• Responsible for Monthly closing & finalization of
Accounts
• Responsible for daily cash book, Bank payments
• Finalizing Customer Aging reports to fix
collection targets
• Prepare and perform check runs. Prepare
analysis of accounts
• Monitor accounts to ensure payments are up to
date.
• Maintain vendor files, Research and resolve
invoice discrepancies and issues
• Enter and upload invoices into system, Provide
supporting documentation for audits
• Monitor customer account details for non-
payments, delayed payments and other
irregularities
• Maintain accounts receivable customer files and
records, review AR aging to ensure compliance
• Perform account reconciliations, generate age
analysis
• Carry out billing, collection and reporting
activities according to specific deadlines
• Generate and send out invoices, follow up on,
collect and allocate payments
• Communicate with customers via phone, email,
mail or personally
• Investigate and resolve customer queries, collect
data and prepare monthly metrics
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