Financial Controlling Part Leader
Samsung Electronics Levant
Total years of experience :9 years, 6 Months
Lead and coordinate annual budget and support other divisions in managing actual implementation of plans to maximize business performance.
Conduct monthly and quarterly forecasts, and work with Management in order to improve decision-making process.
Assist in monthly closing process.
Review and compare actual monthly price/cost data with forecast & Target plan inputs.
Continuously monitor and analyze sales and expenditures on division, product, and customer level.
Prepare and review monthly financials and investigate variances from forecast.
Assist with timely distribution of internal reports, HQ reports, Senior Management reports, and P&L details per customer and product line/model.
Proactively identify, evaluate, and control organizational risks to prevent or minimize negative business impact.
Assist in product pricing and evaluating its profitability.
Conducting financial due diligence activities on potential vendors with which company is willing to exchange services and/or products.
Support Head of Finance in management reporting and dashboard presentations.
Assist Head of Finance in setting employees' KPIs and measuring their performance for semi-annual bonus purposes.
Analyze financial data for decision support and regular leadership reviews.
Analyze actual results of bank's branches and subsidiaries, perform variance analysis, make recommendations for improvements, and report on performance-related issues to senior management.
Analyze actual results of bank's associates and provide justifications for their performance to senior management.
Analyze overall financial results of Arab Bank Group, report on performance-related issues, and prepare overall performance summary to be presented to senior management.
Manage, control, and report on financial KPIs such as LTD, return on equity, return on assets, efficiency ratio, and yield spread.
Lead and coordinate each related division's annual budgeting exercise/process.
Analyze, monitor, address all budget excesses, and prepare periodic update reports.
Analyze and validate 3-year strategy plan submitted by branches and subsidiaries.
Analyze published financial information of major competitors.
Financial Reporting Assistant Manager (December 2018 - January 2019)
Financial Reporting - Senior Staff (March 2018 - December 2018)
Analyzing monthly profit & loss and balance sheet statements.
Conducting financial due diligence activities on either possible customers, which company was willing to engage and invest with, or potential vendors company was willing to exchange services and/or products.
Managing, controlling GL accounts, and conducting open item management.
Preparing monthly AP and AR aging reports.
Handling, monitoring, and controlling accrual transactions.
Preparing monthly, quarterly, and yearly cash flow forecasting reports.
Assisting in recording accounting transactions.
Reviewing and controlling employees and vendor advances.
Participating in yearly management plan (Budgeting).
Coordinating and managing quarterly and yearly audit activities with internal and external auditors.
Managing all other financial reporting activities, ad hoc accounting reports, other internal reports, and presentations as requested.
Treasury - Senior Staff (June 2017 - March 2018)
Performing banking operations including, outgoing and inter-company transfers.
Recording bank transactions and performing month-end close entries.
Preparing daily and monthly bank reconciliations.
Preparing monthly, quarterly, and yearly cash flow forecasting reports.
Handling communications with banks.
Reviewing and analyzing bank fees and maintaining bank account documentation.
Senior Accountant - AP & Treasury (November 2015 - December 2016)
Managing daily cash balances and preparing daily cash flow report.
Reviewing bank reconciliations and providing summary on monthly basis.
Preparing AP aging reports on weekly basis.
Providing weakly cost reports and payment plans. Controlling month-end closing, including accruals, approval of related journal entries, and bank & accounts reconciliations…etc.
Maintaining and updating proper assets register and manage all fixed assets' depreciation transactions.
Reviewing and approving all supplier bills and ensuring these were being processed timely.
Reviewing and approving weekly payments runs and ensuring all supplier bills were being paid according to payment terms and business requirements.
Managing and coordinating daily, weekly, and monthly suppliers' reconciliations, following up with all related internal and external parties, and ensuring all discrepancies were being resolved in timely manner.
Managing monthly costing process and ensuring all freight, customs, and clearance invoices were being uploaded into system successfully.
AP Accountant (October 2014 - October 2015)
Receiving, recording, and processing supplier bills in timely manner.
Performing three-way P.O. matching invoices.
Processing bill payments and customer refunds as per payment policy in place.
Entering and uploading freight, customs, and clearance invoices into system.
Processing employee expense reports and per diem payments in timely manner.
Performing daily, weekly and monthly vendor/supplier reconciliations and following up with all related internal and external parties, and resolving any discrepancies in timely manner.
Processing check requests.
Reviewing and processing credit card bills.
Assisting in month-end closing (such as bank and accounts reconciliations).
Maintaining files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.