Finance Manager
Al Othman Holding Company
Total years of experience :22 years, 0 Months
• Monitoring accounts and finance related affairs of 8 business units involved in real estate, hospitality, trading and manufacturing.
• Managing all accounting operations including Billing, Accounts Receivables, Accounts Payable, General Ledger, Cost Accounting, Inventory Accounting and Revenue Recognition.
• Coordinating and directing the preparation of the budget and financial forecasts, reporting any variances.
• Ensuring that all financial transactions are properly recorded, filed and reported.
• Reviewing accounts before monthly & annual closing of books.
• Managing the audit process and liaising with external personnel as required.
• Performing variance analysis on financial results on a monthly and quarterly basis, including review of operations.
• Assisting the Financial Controller in presenting reports to senior executives, stakeholders and board members.
• Managing a team of 10 persons (4 direct reports). Managing their day-to-day supervision, training and development of the team. Provides objectives and appraisals on an annual basis.
• Prepares all the financial statements on monthly, quarterly & annual basis.
• Performs month-end accounting activities such as reconciliations and journal entries for AP, AR, Fixed assets and GL balances.
• Prepares the company’s annual and forecast budget.
• Performs variance analysis on financial results on a monthly and quarterly basis, including review of operations and identification of adverse trends, comparison and analysis of actual, forecasted and budgeted data.
• Developed overall costing for production of the cement, based on unit costs of different inputs and analyses production costs.
• Participates in overall management by providing financial input to company management in arriving at business decisions
• Preparation of monthly management reports and presentations for the board.
• Runs the monthly forecast process for costs and make sure all deadlines are met. Provide commentary and analysis of costs against budget and previous month’s forecast.
• Oversees the timely and accurate submission of monthly VAT returns.
• Respond to accounting inquiries from management in a timely fashion.
• Provides support during the annual audit process by working with the auditors to answer queries and provides analysis as required in a timely manner.
• Reviewed and recommended several types of investments based on risk and return analysis.
• Coordinated in annual budget formulation and assisted in preparation of the annual budget with the projected cash requirement.
• Advised higher management to control expenditure with the help of variance analysis & ensuring compliance.
• Assisted department managers with completing yearly budget request and justifications
• Monitored the financial information system to ensure that timely and accurate information is provided for managerial decision making.
• Assured that accounting records are prepared and maintained in accordance with the company’s policies, chart of accounts and related accounting principles and practices, and that subordinate ledgers reconcile with the general ledger.
• Coordinated in period-end closing process, scheduled and monitored completion of closing checklist
• Provided overall coordination and monitoring of account reconciliations, including aging analysis for designated accounts.
• Monitored accounts payable / receivable, invoicing, payment and recovery.
• Consolidated annual accounts and organize & assist in the audit of the company.
• System development for effective operations.
• Ensured the processing of data goes on smoothly and in accordance with company set policies and procedures.
• Handled Income Tax and Sales Tax related matters.
• Monitored monthly payroll preparation.
• Coordinated and assisted in the audit of the annual accounts.
• Reconciled transactions by compiling and correcting data.
• Maintained data base by entering, verifying and backing up data.
• Contributed to team effort by accomplishing related results as needed.
• Prepared and submitted different reports as per management requirement.
MBA - Master of Business Administration
ACMA - Associate Cost and Management Accountant