Assistant Finance Manager
Shooting Stars LLC
مجموع سنوات الخبرة :16 years, 1 أشهر
• Financial Strategy Development: Collaborated with upper management to develop and implement financial strategies aligned with organizational goals and objectives.
• Decision-Making Support: Played a pivotal role in decision-making processes by providing insightful financial analysis, forecasts, and recommendations to support informed decisions.
• Team Management: Managed a team of accounting professionals, providing leadership, guidance, and support to ensure eficient and efective financial operations.
• Process Improvement: Identified opportunities for process optimization and eficiency enhancement within financial operations, leading initiatives to streamline workflows and improve productivity.
• Compliance Oversight: Ensured compliance with regulatory requirements and internal policies related to financial reporting, taxation, and audit preparation.
• Stakeholder Communication: Facilitated communication and collaboration between diferent departments, fostering cross-functional alignment and synergy in financial matters.
• Financial Reporting Enhancement: Worked on enhancing financial reporting processes, ensuring accuracy, timeliness, and relevance of financial reports to support strategic decision-making.
• Risk Management: Assisted in identifying and mitigating financial risks through the development and implementation of risk management strategies and controls.
• Cash Flow Management: Oversaw company cash flow to ensure optimal liquidity and maintained accurate financial records.
• Accounts Receivable and Payable: Managed day-to-day operations including billing, collection, account reconciliations, and journal entries.
• Audit Preparation and VAT Reporting: Prepared audit preparations and VAT
reports region-wise across the Middle East. Assisted in implementing and modifying new ERP Microsoft Dynamics region-wise.
• Invoicing and Collections: Prepared, verified, and processed invoices. Communicated with customers for collections and maintained updated receivables.
• Bank Transactions: Managed cash, cheque and online transfer payments, recorded deposit amounts, and made deposits. Recorded customer transactions into the general ledger, Managed loans facility services.
• Vendor Management: Liaised with customers, vendors, and account managers to resolve discrepancies. Managed valid and unauthorized deductions.
• Inventory and Petty Cash Management: Oversaw inventory adjustments and cost management processes.
• Financial Reporting and Analysis: Prepared monthly/quarterly royalty reports for international studios. Generated MIS reports, cash flow forecasts, receivables and payables aging reports, profitability reports and reconciliations.
•Financial Reporting: Prepared and analyzed financial statements, ensuring accuracy, completeness, and compliance with accounting standards.
•Credit Control: Managed credit control functions, including assessing credit risk, approving credit limits, and monitoring customer payment behavior to minimize bad debt exposure.
•Accounts Receivable Management: Oversaw accounts receivable processes, including invoicing, collections, and reconciliations, to ensure timely receipt of payments and optimize cash flow.
•Credit Risk Assessment: Conducted credit risk assessments on new and existing customers, evaluating creditworthiness and establishing appropriate credit terms and conditions.
•Debt Collection: Implemented effective debt collection strategies, including follow-up calls, reminders, and escalation procedures, to reduce outstanding receivables and improve cash flow.
•Customer Relationship Management: Built and maintained strong relationships with customers, addressing inquiries, resolving disputes, and negotiating payment terms to enhance customer satisfaction and loyalty.
•Compliance Monitoring: Monitored compliance with credit policies, procedures, and regulations, identifying areas for improvement and implementing corrective actions as needed.
•Reporting and Analysis: Prepared regular reports and analysis on accounts receivable aging, credit utilization, and bad debt provisions to support decision-making and strategic planning.
• Conducted thorough assessments of customers' creditworthiness to determine appropriate credit limits and terms.
• Monitored customers' credit accounts regularly to identify potential risks and take proactive measures to mitigate them.
• Managed the collections process, including sending reminders, making follow-up calls, and initiating collection actions as necessary to ensure timely payment.
• Resolved billing and payment disputes with customers promptly and efectively to maintain positive relationships and minimize payment delays.
• Processed and reconciled customer payments accurately and eficiently, updating accounts receivable records accordingly.
• Ensured compliance with company credit policies and procedures, implementing necessary controls and adjustments to maintain credit quality.
• Prepared and presented regular reports on accounts receivable aging, bad debt reserves, and collection performance to management for decision-making purposes.
• Managed general ledger accounts, posting journal entries, reconciling accounts, and maintaining accurate financial records.
• Assisted in the development of annual budgets and financial forecasts, providing insights and analysis to support decision-making processes.
• Oversaw accounts payable and receivable functions, including invoice processing, payment approvals, and customer billing, to ensure timely and accurate transactions.
• Conducted variance analysis and financial performance evaluations, identifying trends, anomalies, and areas for improvement.
• Assisted external auditors during annual audits, providing documentation, explanations, and support to ensure compliance with auditing standards and regulations.
• Prepared and filed tax returns, including VAT and corporate income tax, in compliance with local tax laws and regulations.
• Implemented and monitored internal controls to safeguard company assets, prevent fraud, and ensure adherence to policies and procedures.
• Supervised and mentored junior accounting staf, providing guidance, training, and support to foster professional development and ensure departmental objectives were met.
• Financial Record Maintenance: Maintained accurate financial records, including ledgers, journals, and financial reports, to ensure compliance with accounting standards.
• Accounts Receivable Management: Managed accounts receivable processes, including invoicing, billing, and collection activities, to optimize cash flow and minimize outstanding receivables.
• Accounts Payable Processing: Oversaw accounts payable functions, including invoice verification, approval, and payment processing, to ensure timely and accurate payments to vendors and suppliers.
• Bank Reconciliation: Conducted monthly bank reconciliations to ensure the accuracy and integrity of financial transactions recorded in the company's accounts.
• Financial Reporting: Assisted in the preparation of financial reports, such as balance sheets, income statements, and cash flow statements, providing insights into the company's financial performance.
• Managed overall accounting and finance functions, ensuring compliance with accounting policies, accuracy, and regulatory requirements.
• Handled freight invoicing, receipting, and disbursements postings for the Saudi Arabian cluster, achieving daily sales outstanding targets.
• Recorded freight and detention collections, ensuring accuracy and timeliness, and assisted in achieving daily sales outstanding targets.
• Addressed freight and detention queries promptly, processed refunds accurately, and cleared suspense accounts to maintain control dashboard metrics.
• Ensured compliance with regulatory requirements and company policies in financial transactions and operations, generating and analyzing reports to monitor financial performance.
• Collaborated with internal teams and external stakeholders to resolve issues and streamline processes, communicating efectively with customers and vendors to address inquiries and ensure satisfaction.