Finance Director
Mabani Steel LLC
Total des années d'expérience :18 years, 0 Mois
•Heading Finance and Credit Control Departments.
•Assisting the President in developing business strategies including short and long terms business plans.
•Close coordination with other Department heads and ensuring that no hiccups and bottlenecks in achieving targeted results.
•Review of Daily cash flows and close monitoring of Cash flow situation to ensure availability of funds for working capital requirements.
•Arranging Short/Long Term liquidity requirements as per the facilities available with Bank.
•Ensuring minimum financing cost and exchange losses to the company by making the best utilization of funds and facilities, hedging currencies as and when required.
•Ensuring Monthly closing of books and meeting group deadlines for reporting.
•Review and submission of monthly Group reporting package (Includes: Financial Statements with notes, Variance reporting, Treasury reporting etc.
•Budget preparation, review and comparing the same with actual results on monthly basis, identifying and commenting of variances.
•Ensuring all GL accounts are supported by their detailed schedules and reconciled accordingly on monthly basis.
•Negotiations with customers on all Finance related issues and commercial terms of the contract.
•Core involvement in the implementation of Information systems(EPICOR).
•Responsible for management of Group’s Cash, Loans, Deposits & Hedging Portfolios.
•Responsible for Management of all Import & Export Letter of Credits and Guarantees
•Ensuring effective and efficient utilization of excess funds & Banking Facilities as per the discussions with Group Treasurer.
•Ensuring all foreign currency invoices for payments (as directed by Finance) are paid on the due date and adequate Foreign Currency is available for payment.
•Forecasting of daily cash requirements and executing daily financing decisions.
•Ensure all financial transactions are executed by an authorized person and within approved limits.
•Validating data recorded in Treasury system files (Interest Rate, FX Option and structured trades) to source data, such as Bloomberg and Term sheets.
•Monitoring bank service fees and addressed Bank’s service quality issues
•Approving Treasury related GL Transaction
•Generating customized reports and ensuring automation of Treasury reports.
•Maintain procedure manuals and daily process checklists ensuring efficient deal management.
•Evaluated, developed and implemented cash management systems to optimize efficiencies.
•Acted as the key liaison between Treasury and other Departments.
Worked for ‘GANDOUR (an investment of Juffali Group-Saudi Arabia,
Jeddah)’ a leading brand name in manufacturing of Confectionery & Food
Stuff having production Facilities in Lebanon, Egypt, Malaysia,
Philippine, China and India. My responsibilities as a Senior Accountant
in this Company were;
• Heading GL section.
• Checking Compliance of Internal Controls in the Company.
• Preparing Monthly Financial statements as per the requirement of IFRS.
• Management reporting including future projection of Cash Flows.
• Preparation of Tax & Zakat return
• Expense analysis
• Monthly Budget analysis and review.
• Inter Company (foreign affiliates) review and reconciliations.
• Insurance.
• Audit Coordinator to the External Auditors i.e E&Y Jeddah, Saudi Arabia.
• Implementation of New Chart of Accounts for the company.
• Actively participated as a Team Leader(Responsible for all sections) in
the implementation of Information system (JD Edwards).
CA Intermediate