Finance Manger
Alsheraa Food Company
Total years of experience :12 years, 0 Months
Prepare financial statements and analyze sales revenues, costs, and expenses for all business engagements with the client. Develop detailed spreadsheets to identify trends.
• Budgeting and Cost analysis. I am sharing the costs as per standard criteria.
• Summarizes financial status by collecting information; preparing a balance sheet, profit, and loss, and other statements also support month-end and year-end closing procedures.
• Prepares and records asset, liability, revenue, and expense entries by compiling and analyzing account information.
• Maintains and balances accounts by verifying, allocating, posting, reconciling transactions, and resolving discrepancies.
• Maintains general ledger accounts, prepares a trial balance, and reconciles entries.
• Produces payroll by initiating computer processing.
• Participating in preparing monthly VAT returns, dealing with VAT accounting queries, and applying the VAT law in Saudi Arabia.
• We are formulating strategic and long-term business plans with the help of top management.
• Prepare and handle all insurance-related matters (PAR/FIG/Land/Marine/Money).
• Implements existing accounting policies and procedures and recommends new ones as deemed necessary to ensure that correct financial transactions are recorded quickly.
• Collaborate with business partners to deliver accurate and timely results, including relevant variance explanations.
• Aging Receivables & Payables.
• Monthly, Quarterly, and Annual accounting cycles closing.
• Recording cost information for use in controlling expenditures and for inventory control.
• Prepare and summarize Bank Reconciliation.
• Costing and Inventory management (14 Restaurants, Wholesale, and retail business-related Food)
• Dealing with banks for the new loan facility.
Prepare financial statements and analyze sales revenues, costs, and expenses for all businessengagements with the client. Develop detailed spreadsheets to identify trends. Create and deliverpresentations, providing recommendations on short.
• Responsible for the accounting operations of the company.
• Communicate routinely with Project Managers on various job-related topics, including insurance andcontract agreements.
• Participate in the formation and implementation of company financial plans.
• Preparation of all monthly financial reports.
• Work with outside accounting/financial firms on monthly close-out procedures.
• Provide reporting and budgeting as required by Senior Management.
• Manage company and project cash flow.
• Supervise accounts payable and accounts receivable staff and functions.
• Work with project management staff, ensuring proper compliance with accounting procedures, including reviewing and analyzing monthly job cost estimates and reports.
• Develop written accounting procedures for the operations staff and work with the team to ensureproper implementation and compliance.
• Creating new accounting/operations procedures to prepare and manage rapidly growing entities andthe evolving business structure.
• Develop and maintain relationships with key partners, including banks, title companies, etc., that willsupport and grow the business.
• Prepare special reports by collecting, analyzing, and summarizing information and trends.
• Responsible for financial operations, including financial reporting, general ledger maintenance, budgeting, inventory, and capital asset management.
• Serve as the financial liaison to various divisional departments. Divisional operations include the areas of retail and services.
• Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Ensure the monthly closing's timeliness and accuracy, including the impact of inventory counts on results and cost center charges.
• Review all purchase orders and invoices for cost accuracy.
• Recording cost information for use in controlling expenditures.
• Ensure supplementary data is available to meet reporting requirements.
• Review and prepare accounting records.
• Perform account reconciliations.
• Provide trend, critical data, statistical, or other ad-hoc analyses as requested.
• Conducts physical inventories and monitors cycle count program.
• Posts customer payments by recording cash, cheque, and credit card transactions.
• Post revenues by verifying and entering transactions.
• Updates receivables by totaling unpaid invoices.
• Maintains records by microfilming invoices, debits, and credits.
• Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and customers.
• Resolves valid or authorized deductions by entering adjusting entries.
• Resolves invalid or unauthorized deductions by following pending deductions procedures.
• Resolves collections by examining customer payment plans, payment history, and credit lines; coordinating contact with the collections department.
•Conducting analysis.
•Preparing business proposals and presentations.
•Developed and maintained all aspects of business accountancy, marketing, and data processing.
•Implementing recommendations/solutions and ensuring the client receives the necessary assistance to carry it all out.
•Managing projects and programs.
•Liaising with the client to inform them of progress and make relevant decisions.
•Identifying issues and forming hypotheses and solutions.
•Ensured compliance with accounting deadlines.
•Prepare reports for discrepancies found and submit them to higher management.
•Develop procedures job aids, and train new hires on systems and applications.
Second Level
