Finance Manager
Obeikan Plastics (OPF)
Total des années d'expérience :21 years, 10 Mois
Notable Accomplishments:
•Implementation of Oracle JD
Edwards ERP
•Set up Finance Divisions of start up companies
•Supported the value creation of Companies
•Improved efficiency of working capital
•VAT implementation & ERP readiness for VAT
Key Result Areas:
• Responsible for day to day Accounting and Finance Operations and managed Product costing, Accounts Payable, Accounts Receivable, treasury, payroll, fixed assets, general Ledger, inventory, Cost & management accounts
• Budgeting, forcasting, budget control & variance analysis
• Monthly financials and reporting
• Monitoring & Controlling TDC
• Working capital management; AR, AP&Inventories
• Cost controlling and reporting
• Preparing financial budgets for strategic decisions and reporting to management.
• Manage CAPEX and Financials for Investment proposals
• Period end closing
• Audits
Notable Accomplishments:
• Played an instrumental role in adding the Master Budget application in the financial accounting system JD Edwards.
• Updated operational policies and procedures.
• Standardized the pattern of financial reporting across the board and converted entity wise financial statements into consolidated financials for the group.
Key Responsibilities:
• Supervised preparation of monthly financial statement and analyzing performance across revenue, cost of production and operating expenses for management discussion
• Analyzing accounting records and financial reports to assess accuracy, completeness and conformance with reporting standards.
• Conducting financial analysis and sharing insights via dashboards and KPIs with key users to facilitate strategic decision making.
• Profitability analysis at product level (gross profit and gross contribution.)
• Investigating factors behind the drop in gross margins and fixing discounts and schemes as per requirement.
• Revenue variance analysis by volume, Price and mix
• Material cost variance analysis through volume, price and mix
• Controlling the non performing assets through monitoring and reporting to supply chain
• Responsible for managing budgeting and ensuring budget control
• Collaborating with departmental heads in the preparation of annual budget in line with growth goals and additional established targets.
• Comparing actual expenditures against budget to identify areas of improvement.
• Monitoring activity of working capital, AR, AP & Inventories
• Appraising projects using capital budgeting tools (Payback, NPV and IRR).
• Recommending those projects to executive management that have the potential to enhance shareholder value.
• Providing required information to internal/external auditors, addressing concerns to the level of their satisfaction and implementing suggestions to eliminate operational inefficiencies.
• Consolidating information with financial and managerial implications and sharing with executive management to assist them in taking a stance on what needs to be done for the betterment of the corporation.
• Conducting on the job training for employees to enable them to deliver on their financial/operational KPIs and to make them more productive for the corporation.
• Responsible for review & updating of internal controls, policies and procedures
• performing ratio analysis to evaluate profitability, liquidity, activity, returns and risks.
• coordinating for financial period end closing
Key Responsibilities:
• Supervise Accounting and Finance Operations and managed Product costing, Accounts Payable, Accounts Receivable, General Ledger, manufacturing & Inventory
• Budgeting & budget control
• Preparing & reporting of periodic financial reports
• Working capital management
• Manage Cash & Bank
• Period end closing
• Auditing
• Responsible for overseeing all aspects of organization’s accounting function including ensuring regulatory compliance with accounting standards & practices and assisting in developing financial strategies for the company
• Maintained accurate & detailed financial records
• Carried out the revenue accounting and handled expense allocation
• Handled reconciliation of GL; managed accounts payable & accounts receivables functions
• Conducted inventory analysis and responsible for formulating MIS reports
• Monitored the funds flow and cash flow statements to review the inflow & outflow of funds as well as ensured optimum utilization of available funds
• Looked after fixed assets processing & reporting
• Responsible for the preparation Periodic financial reports
• Formulated all other reports as required by higher management and met all financial reporting deadlines on monthly & annual basis
• Accountable for resolving accounting discrepancies & irregularities
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