Financial Controller
Care & Beauty Clinics
Total years of experience :16 years, 7 Months
Highlights
• Joined the organization at the start-up phase with the mandate for setting up its finance function with required structure, processes, systems, policies and procedures. Developed and implemented documentation and authority matrix for all financial transactions, software and workflow, cash flow management system, costing and pricing strategies along with accounting and reporting systems. Contributed the successful start-up of the first clinic of the company as per business plan.
Responsibilities
• Manage the overall functioning of the finance department, developing and implementing departmental plans and strategies aligned to corporate business goals and objectives.
• Develop, implement and update manuals and authority matrix for financial transactions and ensure strict compliance with the approved framework across the organization.
• Coordinate the implementation of financial management software and workflow ensuring proper documentation of all transactions in the system.
• Formulate and implement processes for efficient cash flow management including opening of dedicated bank accounts for receipts and payments, reconciliation of bank accounts and payments through checks.
• Implement and manage financial processes for materials management and procurement including management and reconciliation of supplier accounts and inventory control.
• Develop and implement DSR and costing processes to determine prices for various surgical procedures offered by the clinic to achieve targeted margins and breakeven points.
• Supervise all aspects of accounting including maintenance of books of accounts, monthly closing of accounts and preparation of monthly, quarterly and annual financial statements and MIS reports.
• Monitor implementation of all requirements related employment contracts as per Saudi labor laws, process monthly payrolls and payment of salaries and wages through employee bank accounts.
Responsibilities
• Led a team of 30 cashiers and supervised all aspects of cash management including collections against bills of inpatients and outpatients, reviewing, discounting and/or cancelling of disputed bills and closing of bills after discharge of inpatients.
• Supervised a team of 8 accountants and managed all aspects of accounting, accounts receivable, account payable, medical insurance claims and payroll.
• Liaised and coordinated with insurance companies related to processing and settlement of insurance claims as well as monthly reconciliation of all claims and accounts.
• Managed accounts payable including processing and settlement of invoices, review of monthly payment and payable aging, cash flow statements and monthly bank reconciliation.
• Supervised maintenance of books of accounts, preparation of trial balance, closing of accounts and production of monthly and annual financial statements.
• Dealt with inventory management including surprise physical inventory of inpatient, outpatient and main pharmacies as well as asset management covering calculation of monthly depreciation and review of asset movements report.
• Administered all aspects of staff payments including payroll review, monitoring of employee receivables including staff advances and prepaid housing allowances, leave benefits, final settlements, monthly indemnity and accrued leave payments.
• Supervised preparation of charts of accounts and establishment of cost centers and monitored proper charging of costs to appropriate cost centers.
• Coordinated with the internal auditor - PwC - provided required documents and reports, responded to queries and followed up closing of action points arising out of audit.
• Prepared and submitted various regular MIS reports and other ad hoc reports related to financial performance required by senior management.
• Coordinated with all departments and provide need systems support for smooth completion of all finical activities related to the hospital.
• Supervised, guided, trained and motivated the departmental staff to improve working skills, enhance accuracy, performance and productivity.
• Participated in setting up the company including development of the company structure, preparation of documents for registration and follow up with government agencies, establishment of the new office and implementation of policies, procedures, rules and regulations.
• Managed all aspects of office management, accounting, procurement, sourcing of financing and database management.
• Dealt with financial audit (pre-audit and internal controls), financial reporting, cash flow management including discounting of bills of exchange, banking and bank account reconciliations, accounts receivable and account payable as well as office management and administration
• Looked after office management supporting reservation and ticketing, staff relations, cash and bank handling, preparation of accounts, production of monthly sales reports and monthly profit and loss account.
• Conducted sales analysis and competitor analysis as well as studies to identify and evaluate potential domestic and international tourist destinations.
• Monitored, evaluated and reported performance of various units ensuring compliance of approved plans and policies as well as delivery of results.
• Advised the sales and marketing department on formulating and pricing packages and plans to drive business development and growth.
• Dealt with all aspects of accounting and financial reporting including maintenance of books of accounts, preparation of financial statements, coordination of statutory audits and filing of returns.
• Maintained relations with domestic and international clients and updated them on the latest packages and plans introduced by the company.
• Dealt with corporate accounts ensuring implementation of and adherence to the approved credit policy of the company.
Teaching Experience
• University Lecturer (Visiting Faculty), Pine Hills Institute of Business & Information Technology, Abbotobad Pakistan, April 2009 - March 2010: Taught Managerial Accounting, Cost & Management Accounting, Advanced Financial Accounting & Corporate Finance. Supervised student research project on “Islamic Mode of Finance”
• Lecturer (Visiting Faculty), Government College of Management Sciences, Manshera Pakistan, September 2009 - March 2010: Taught Advanced Cost & Management Accounting, Advanced Financial Accounting and Financial Statement Analysis
• Lecturer, Department of Management Sciences (DMS), Hazara University, Manshera Pakistan, May 2006 - June 2007: Taught courses for MBA and BBA (Honors), Chief Patron of Student Welfare Society and Patron of DMS Student Affairs, Chairman of the Admission Committee for Spring 2007, Team member of Internal Examination Controller. Organized a HEC Workshop on Teaching Skills