Samer Ahmad, Finance manager

Samer Ahmad

Finance manager

Beverly Hills Medical Center

Location
Kuwait
Education
Higher diploma, Financial Institutions Accounting
Experience
20 years, 10 Months

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Work Experience

Total years of experience :20 years, 10 Months

Finance manager at Beverly Hills Medical Center
  • Kuwait - As Salimiyah
  • My current job since September 2020

- Manage the day-to-day financial and accounting operations.
- Provide leadership, direction and management of the finance and accounting team.
- Perform financial analysis, reporting and management activities.
- Prepare detailed financial statements and activity reports that highlight business forecasts.
- Review financial data for accuracy, correctness and completeness.
- Establish key financial strategies to enhance business profitability.
- Provide strategic recommendations to the CEO (Owner).
- Monitor cash flow and provide insights on the financial health of the clinic.
- Seek out methods for minimizing financial risk to the clinic.
- Conduct reviews and evaluations for cost-reduction opportunities.
- Review all formal finance, HR and IT related procedures.
- Develop standard accounting procedures to improve financial operations efficiency.
- Improve the efficiency of technical and accounting staff in relation to Aafya insurance program.
- Develop relationships with external parties, banks, suppliers, auditors, sub-clinics tenants, etc.
- Support the owner in overseeing and administering the day-to-day activities of the clinic.

Finance & Accounting Officer at OVO Food Restaurant Co.
  • Kuwait - Al Kuwait
  • July 2018 to September 2020

- Manage the day-to-day financial and accounting operations.
- Perform monthly, quarterly, year-end closing and reporting process.
- Provide financial insight and analysis to drive the business performance of the company.
- Conduct scenario analysis and contingency planning during the COVID-19 pandemic.
- Develop strategies to minimize financial risk and maintain business sustainability.
- Evaluate the financial performance of the company and measure returns on investments.
- Conduct reviews and evaluations for cost-reduction opportunities.
- Generate financial reports related to budgets, AP, AR, revenues, expenses, etc.
- Develop relationships with external parties such as vendors, banks, auditors, etc.
- Establish and maintain financial policies and procedures for the company.
- Liaise with auditors to ensure appropriate monitoring of company finances is maintained.

Finance Manager at Seif International Group of Companies
  • Kuwait - Hawali
  • August 2017 to June 2018

- Direct the day-to-day financial and accounting operations.
- Prepare detailed financial statements and activity reports that highlight business finances and forecasts.
- Provide financial insight and analysis to drive the business performance of the organization.
- Evaluate value chain activities, and provide recommendations on non-value added activities.
- Forecast cash flow positions, related borrowing needs, to ensure that sufficient funds are available to meet ongoing operational requirements.
- Interface with sales team to communicate credit decisions and timely review of new customers.
- Review debit aging reports, analyze creditworthiness of customers and average collection period to enhance receivables collection efficiency and secure forecasted cash inflows.
- Maintain banking relationships and negotiate lines of credit and facilities required for business operations and new projects financing.
- Oversee the operations of finance department, recommend and maintain a system of policies and procedures that impose an adequate level of control over the department activities.

Chief Accountant at Beverly Hills Medical Center (BHMC)
  • Kuwait
  • March 2013 to June 2017

- Design, implement and develop the accounting system, procedures and policies from scratch.
- Direct the day-to-day financial and accounting operations.
- Develop and maintain effective internal control, accounting principles, practices and procedures to ensure accurate and timely financial reporting.
- Maintain regular financial reporting and analysis to provide the owner with the data needed to successfully run the business, increase revenues and monitor significant cost elements.
- Supervise, guide and motivate subordinates and colleagues to enhance performance and produce quality work.
- Perform monthly review, reconciliation of general ledger accounts and period closing process.
- Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports prepared by accountants and front desk staff.
- Monitor cash flow and provide insights on the financial position of the clinic.
- Review monthly payroll, staff commissions, overtime allowance, annual leaves and final indemnity calculations. Authorize bank transfers and payment vouchers.
- Oversee daily invoicing and collection reports, receivables and discounts approval.
- Verify all vendor invoices; prepare monthly reconciliations, cheque payments and telex transfers.
- Monitor petty cash expenses, authorize reimbursements and verify allocation to GL accounts.
- Prepare fully detailed reports of visitor doctors’ financial performance and profit share distribution.
- Maintain staff & fixed assets records; prepare annual provision reports and accounting entries.
- Liaise with external auditor to perform the annual audit process.
- Support the owner in overseeing and administering the day-to-day activities of the clinic.

Senior Accountant (Capacity of Financial Manager) at Gardenia Real Estate Investment Co.
  • Syria - Homs
  • October 2010 to December 2012

- Support the board of directors in financial decision making based on the financial reports and studies prepared to reflect the real financial position of the company.
- Develop the company’s correlations with local banks, which led to reduce the applied interest rate on the acquired loans and facilities.
- Improve the agreement with main contractor, which led to acquire a profitable condition to the company. (Decrease in $-SP exchange rate payment terms)
- Re-organize the entire accounting system of the company to be compliant with IAS & IFRS.
- Prepare budget and cash flow reports to projects manager, Chairman and BOD on timely basis.
- Coordinate with projects manager, consultant engineering office and financial advisor’s staff to update the feasibility study of the project under construction (Estimated cost of $130 million).
- Manage the day-to-day financial and accounting activities.
- Perform monthly review and reconciliation of general ledger accounts.
- Maintain shareholders current accounts; stock certificate records and documentation.
- Review and correct errors and inconsistencies of the monthly payment certificates submitted by main contractor and consultant engineer office; arrange proper approvals and bank payments.
- Prepare monthly payroll, bank transfers and cash receipt vouchers.
- Review all vendor invoices; prepare reconciliations, proper approvals and bank payments.
- Liaise with external auditor to successfully run and finalize the annual audit process.

Broker at KAB Kuwait Group, One Financial Co.
  • Kuwait - Al Kuwait
  • July 2009 to July 2010

Details are available upon request.

Senior Accountant at Alargan Real Estate Project Management Co.
  • Kuwait - Al Kuwait
  • January 2008 to July 2009

Details are available upon request.

Accounatnt at Ahmadiah Contracting & Trading Co.
  • Kuwait - Al Kuwait
  • November 2004 to January 2008

Details are available upon request.

Accountant at Qusour Al-Aabdeen General Trading & Contracting Co.
  • Kuwait - Hawali
  • March 2003 to November 2004

Education

Higher diploma, Financial Institutions Accounting
  • at Faculty of Economics
  • October 2002

Higher Studies Diploma in Financial Institutions Accounting Full year studying and practicing of: - Financial analysis and performance evaluation at financial institutions. - Financial analysis for bank purposes, Accounting of bank operations. - Financial markets and accounting information system. - Feasibility study and financial research.

Bachelor's degree, Accounting
  • at Faculty of Economics
  • July 2001

Bachelor degree in Economics (Accountancy division) Four complete years of studying economics, accounting, marketing and statics.

Specialties & Skills

Strategic Analysis
Accountancy
Budgeting and Forecasting
Financial Management
Financial Analysis
Establishing fresh accounting systems
Financial modeling
Business Valuation
IAS, IFRS, ISA, internal control & accounting procedures
MS Windows, MS Office and accounting applications
Interpersonal, communication, leadership and relationship building
Financial Planing & Analysis
Administrative & HR skills
Forecasting & Budgeting

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

Arabic
Expert
English
Expert

Memberships

Association Of Syrian Certified Accountants
  • Certified Accountant
  • October 2010
Corporate Finance Institute
  • Financial Modeling & Valuation Analyst
  • October 2018
Institute of Management Accountants (IMA-US)
  • Professional Member
  • November 2019

Training and Certifications

Certified in Strategy and Competitive Analysis (CSCA) (Certificate)
Date Attended:
November 2021
Certified Management Accountant, CMA® (Certificate)
Date Attended:
March 2021
Financial Modeling & Valuation Analyst (FMVA) (Certificate)
Date Attended:
December 2018
Certified Accountant (Certificate)
Date Attended:
October 2010

Hobbies

  • Reading and learning new things
  • Watching sports and movies
  • Listening and playing music
  • Cooking