Finance Manager
Middle East Maritime Repair Company LTD
Total years of experience :10 years, 10 Months
• Timely IFRS Based monthly financial statement and analytical reporting to General Manager
• Supervising day to day tasks of all accounting cycles (Receivables, Payables, Assets, Petty Cash bank) to ensure the proper bookkeeping is maintained
• Responsible and POC for External audit
• Successful Cash flows management
• Preparation of the Annual Budget and Forecasts for the company
• Handling the treasury of the company
• Responsible for forex hedging, L/C L/G
• Handling the company's indirect tax in house
• Coordinating corporation tax with a tax consultant and ensure
tax is filled and paid in time
• Handling all the tax-related things for the parent company in Saudi Arabia
• Preparation of accounts for the parent company in Saudi Arabia and conducting the financial Audit of the Permanent Establishment
• Responsible for monthly closing, drafting financial reports as per the gaudiness of IFRS.
• Draft the company Policy and Procedure for Finance & Accounting.
• Responsible for Financial Audit of the company. Liaise with external auditors for all the audit requirement.
• Make variance analyzing reports by comparing current data with last month, last year's financial, and with a budget and any major diversion reported to top-level management in order to aid them for their decisions.
• Responsible for drafting company budget by coordinating with all respective departments.
• Reviewing, monitoring, and managing a budget.
• Making various trend analysis report for various services provided.
• Suggestion to top-level management for any major diversion and suggestion for better internal control to increase the efficiency.
• Forecasting the cost of sales for future projects and responsible for aiding the Commercial and Business Development department for a quotation.
• Computing and Submitting VAT return for the company on monthly basis.
• Responsible for L/C & L/G related work.
• Supervising Receivables, ensuring all sales invoices, reconciliation, collection reports, and aging reports are accurate and up to date.
• Supervising Payable, ensuring accuracy, timely payments, and reconciliation of all payable ledgers.
• Preparing Bank Reconciliations on monthly basis.
• Responsible For costing and amortization for Deferred Cost.
• Preparing Schedules for Accruals, Deferred Costs, and prepayments.
• Preparing direct cash flow on daily basis for management decisions.
• Preparing and reviewing monthly closing balances for Provision (EOSB, Vacations, Tickets) for the company.
• Reviewing payroll and recording for the company.
• Record Fixed Asset acquisitions, disposals and processing depreciation, and making monthly reconciliation schedule.
• Supervising petty cash and general expenses for the company.
• Working on special assignments as per GM request.
• Part of the team to implement an ERP system
• Responsible for monthly closing, drafting financial reports as per gaudiness of IFRS.
• Make variance analyzing reports by comparing current data with last month, last year financial and with budget and any major diversion reported to top level management in order to aid them for their decisions.
• Responsible for drafting company budget by coordinating with all respective departments.
• Reviewing, monitoring and managing budget.
• Making various trend analysis report for various services provided.
• Suggestion to top level management for any major diversion and suggestion for better internal control to increase the efficiency.
• Forecasting the cost of sales for future projects and responsible for aiding sales department for quotation.
• Computing and Submitting VAT returns for company on monthly basis.
• Responsible for L/C related work.
• Supervising Receivables, ensuring all sales invoices, reconciliation, collection reports and aging reports are accurate and up to date.
• Supervising Payable, ensuring accuracy, timely payments and reconciliation of all payable ledgers.
• Preparing Bank Reconciliations on monthly basis.
• Responsible For costing and amortization for Deferred Cost.
• Preparing Schedules for Accruals, Deferred Cost and prepayments.
• Preparing direct cash flow on daily basis for management decision.
• Preparing and reviewing monthly closing balances for Provision (EOSB, Vacations, Tickets) for Head Office and manpower.
• Reviewing payroll for Head Office and Manpower (3000 plus) on monthly basis.
• Record Fixed Asset acquisitions, disposals and processing depreciation and making monthly reconciliation schedule.
• Supervising petty cash and general expenses for company.
• Drafting Manpower (3, 000plus) vacation plan in order to minimize the risk of idle cost.
• Working on special assignments as per FD request.
• Part of team to implement ERP system Microsoft Dynamics AX.
• Manages all accounting functions mainly accounts payable, maintenance of general ledger & ensures accuracy and timeliness.
• Team member of VAT Implementation system in company.
• Computing and submitting VAT returns on monthly basis.
• Accounts Payables mainly Preparing Supplier`s Reconciliation, resolving invoice and payment discrepancies.
• Supervising regional account payables.
• Reviewing and controlling prepayment, accrual, staff debtor & GOSI schedules.
• Preparing schedule for accruals, provision and prepayments for monthly and yearly closing.
• Performing Intercompany reconciliation on regular basis and follow up with accountants for timely posting.
• Drafting Daily Cash Reports and sending to management.
• Performing Bank Reconciliation on regular basis.
• Record Fixed Asset acquisitions, disposals, processing depreciation and making monthly reconciliation schedule.
• Liaison with Regional Finance Managers & respond to all queries related to financial & operational matters.
• Recording GRN for INFINITI. (Local Suppliers & Infiniti Parts)
• Responsible for Jeddah Petty Cash. Posting and recording all the expenses related to Jeddah branch petty cash.
• Preparing Reconciliations of Till Accounts for closing purpose.
• Preparing reconciliations of petty cash for Jeddah branch for closing purpose.
• Recording all transaction relating to Jeddah branch (supplier invoices, payments, expenses and receipts.
• Processing all refunds relating to Jeddah branch.
• Recording and confirmations for all deposits related to Jeddah branch. And ensuring all receipts are banked. (POS, Direct Debit and Cheque).
• Assisting in making reconciliation for control Accounts (Transportation, Storage and Custom Duties).
Responsible for the monthly close as well as maintenance of all accounting ledgers including monthly review of all account reconciliations and journal entries.
• Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as the year-end financial reports.
• Provide timely explanations of variances between actual results and forecasted/budgeted and recommend appropriate course of action if any arises.
• Oversee the General Accounting processes of Inter-company, Fixed assets and Accounting and financial reporting of all entities.
• Implement Firm’s Accounting Policies and interpret guidance in regards to accounting transactions.
• Ensure completion and review of all balance sheet reconciliations and identify and communicate findings.
• Responsible for the monthly reconciliation with banks
• Responsible for the monthly reconciliation with payables.
• Responsible for the monthly reconciliation with the respective branches.
• Asset management .
Compliance with Bank’s policies and procedures as well as SBP/prudential regulations
for smooth conducts of branchless operations efficiently.
• Responsible for preparation of reconciliation reports for onward submission to unit
Heads.
• Responsible for identifying open and un-reconciled items for rectification.
• Rectification/ reversals of disputed transaction and forward them to venders/NDC
under the proper approval matrix.
• To providing backend support to field Compliance and Fraud & Investigation Team.
• Accounts opening / closing.
• Ensure the availability of funds in respective Account’s, to process the Debit
Authorities within TAT.
• Coordination and liaison with Branch, Finance, MFS and designated correspondent
bank POC’s.
• Ensuring the correspondent bank’s reconciliation (UBL and MCB) on daily basis.
• Accounts Payables.
• Bank & Accounts Reconciliations..
• Payroll Management.
• Coordinating with suppliers & Creditors for supplies payments etc
• Reconciliation of pool accounts.
• Reconciliation of branches M-Wallet with the CPS enriches their M-Wallet on a daily
basis.
• Coordination with the whole channel of Mobilink regarding the Mobicash.
• Bulk disbursement of the salary of customer organization.
• Bulk disbursement of the funds related to Benazir Income Support Program (BISP) to
individual debit cards.
• Supervising, monitoring and controlling the Retailer Cash Management.
• Place a funds for the disbursement of funds to retailer in corresponding Banks(MCB,
UBL)
• Make ensure the funds are available to the respective branches of MCB and UBL.
• Day end reconciliation of the Retailer M-wallet with the total disbursement..
Product Development
Retailer Cash Management
• Had given a new vision regarding the Retailer Liquidity, which may benefits the
organization.
• Had develop a complete product and made it available for operations.
• Arrange and attend meetings with the corresponding banks (MCB, UBL).
• Converts the meetings into the contract with the corresponding banks (MCB, UBL).
• Supervising the delivery of the Debit Cards to Over 35 Thousand Agents.
• Point Of Contact for the Retailer Cash Management.
ACCA finalist 12/14 papers are cleared.
