TAMER SHALABI

Reporting to the Director Finance and Planning of SACO.
Responsible for managing all treasury, banking, and cash management activities on behalf of SACO.  Participated in the development and implementation of the Planning & Performance plans.
Managed financial control activities including but not limited to, AP, AR, revenue collections, GL, supplier and partner payments and spent approval for the use of external parties.
Approved and maintained proper implementation of all Enterprise Sector and contractor’s agreements.
Managed all processes related to operational accounting such as AP, AR, revenue collections, and GL to ensure alignment of Enterprise sector with Company financial policies and procedures.
Analyze and reconciles actual monthly report revenue with the relevant budget, ensuring any variances or discrepancies are addressed.
Maintained awareness of terms and conditions for projects’ contracts and agreements and follow up on penalty conditions, as necessary.
Validated the mapping of accounts/services to EBU customers in billing systems and reported any changes to Business Operations team.
Managed the day to day banking relationships with SACO banks including new and existing facilities, negotiate all banking services fees etc.
And any new credit facilities (in accordance with the Delegation of Authority).
Developed and managed the cash forecasting process (weekly/monthly) to ensure SACO’s short term liquidity/work capital needs and mid/long term interest/loan repayments are properly managed and controlled.
Led any ad hoc financial reviews and analysis as and when directed by the Director Finance and Planning.
Worked with Internal Audit in relation to Enterprise Sector financial audit points.
Coordinated with the Finance Sector in all matters related to financial control including new payment channels, profitability analysis support, pricing development, etc.
 Tracked and analyzed financial statements for the Enterprise Sector in coordination with Profitability & Revenue Recognition department.
 Represented the Enterprise Sector in prepare financial policies and procedures.
 Managed effective communication with Project Managers (PM) and Sales Account Managers, regarding contract documents, change orders and other contract modifications related to billing.
 Coordinated with Corporate Finance to track and manage the Enterprise Sector partners’ shares calculation and implementation.
 Managed and controlled all cost analysis activities including - but not limited to conducting variance reporting, root cause identification, and mistakes resolution leading to cost reductions or revenue recovery.
 Ensured delivery of financial control activities is proactive, accurate and seamless.
 Developed and documented accounting policies to maintain and strengthen internal controls.
Ensured monthly reporting packs are in place and balance sheet reconciliations completed and reviewed.
Ensured that changes in SOCPA or IRFS, Governance or other legislative requirements are planned and effectively implemented within the required timeframe.
Engaged with auditors (internal and external) to ensure information requests are fulfilled and queries resolved on time.
Staff Management Tasks and Responsibilities are met.
Defined goals and key performance indicators for each member of the team and ensures effective application of the company performance management process.
Managed full compliance with Zakat, Tax, and all other corporate declarations due from the Company.

• Provide support, service and advise in all finance reports& matters prepared in compliance with IFRS to the company’s management:
• Finalization of annual Financial Statements of the Company maintained in compliance with company policies and GAAP, organizing and coordinating internal and external audits, reviewing and implementing recommendations.
• Implement budget and forecast preparation schedule by collecting relevant business data and projections from the line departments and provide relevant analyses
• Exercise budgetary controls, accounting & physical controls and credit control as per laid down procedures and asset management. Also exercise controls on Fixed Asset management, Projects and other purchases and services.
• Supervise the payment procedure for local and overseas suppliers and exercise internal controls so that payments are made as per approved terms and SOA, for goods and services supplied.
• Ensuring that all accounting entries are incorporated in the company accounts after they have been approved as per schedule of authority and that accounts are kept up-dated to reflect all the transactions of the business, including all reconciliations with banks, debtors, creditors, principals and group companies.
• Liaising with company’s insurers for necessary coverage for company assets, participating in premium negotiations, review of terms & conditions and timely advise to GM Finance.
• Maintaining an effective involvement and understanding of the business in order to contribute to key business decisions within the Company through financial advice and expertise.
• Responsible for various financial management functions such as participation in pricing and inventory management, contract negotiations, review of terms and conditions of contracts, feasibility studies & investment analysis, supervision and follow-up on claims with respect to local and overseas suppliers.
• Continuous review of existing policies and procedures and development of action plans to address improvement opportunities and automation of manual processes
Manage Zakat optimization issues and ensure that the company taxation and Zakat policies and practices are consistent with local governmental laws and regulations .

 Improving, maintaining the financial standing of company, helping to determine financial strategy and policy, arranging the appropriate funding and managing financial risks in the company.
 General duties: Maintain orderly and comprehensive filing systems (both in paper and computerized forms), Assist with other financial or administrative tasks if required.
Financial Management
 Assist in the development and maintenance of adequate systems to facilitate accurate recording and reporting of all financial data
 Provide financial management support for projects
Reporting and Analysis
 Assist in the provision of financial reports in accurate and timely manner
 Analyse and circulate of budget verses actual on monthly basis and when required
 Prepare monthly funds report
Budgeting : Assist in the development of project budgets
Banking and Cash Management :
 Manage the reconciliation of bank accounts on monthly basis
 Prepare monthly funds transfer requests
 Monitor bank account balances and the transfer of funds between accounts and to field offices
 Liaise with bank(s) to ensure that branch bank mandates are current and up to date
Business Processes : Maintain and update documentation on key business processes, Suggest improvements to financial systems, and/or procedures to the Finance Manager as required, Develop and Implement changes to systems or procedures on request
Accounting :
Assets, Assist in maintaining a Fixed Asset Register which contains all capital assets by department and entity, Review the processing of any additions or disposals each month, Help perform regular reviews to ensure all assets are still in use and are not subject to any impairment which should be reflected in the Fixed Asset Register, Ensure all assets are depreciated monthly in accordance with the Company’s depreciation policy.
Accounts Payable, Oversee the daily operation of Accounts Payable, Ensure purchase invoices are matched to a purchase order or appropriate authorization for payment is obtained, Reconcile supplier statements to their account in Sage where received, Assist in the weekly processing of payments to suppliers within their terms of credit, Ensuring all purchase invoices and supplier payments are recorded within Sage.
Accounts Receivable, Assist in managing Accounts Receivable, Raise sales invoices and ensure all payments are received within the stated time frame, Review the accurate compilation of the monthly invoice .
Monitor the Zakat liability on monthly basis
Procedures and Controls, Ensure all procedures and controls are being following by all team members as documented in the procedure files, Review these on a regular basis to ensure they are up to date and still appropriate.

Responsible for the oversight of the local accounting functions including financial reporting, budgeting, internal controls, accounts payable, accounts receivable, and payroll.
Financial Reporting
Prepare monthly, quarterly and annual financial statements (balance sheet, income statement, statement of cash flow, statement of owner’s equity).
Prepare consolidated financial statements.
Ensure an accurate and timely monthly and year-end close.
Provide status of financial condition by collecting, analyzing, and summarizing information and trends.
Conduct internal audits several times a year.
Communicating with Bank for the purpose of facilities.
Coordinate the preparation of the corporate annual report.
Develop and maintain written policies and procedures over the financial reporting process.
Budgeting - Coordinate the preparation of monthly, quarterly and annual budgets and forecasts.
Calculate variances from the budget and report significant issues to management.
Internal Control -Maintain a documented system of internal controls and accounting policies and procedures.
Ensure effectiveness of internal controls to safeguard assets.
Ensure reliability and integrity of financial information.
Ensure compliance with accounting policies and procedures.
Conducts studies and submit recommendations for improving the organization’s accounting operations.
General - Oversee daily accounting functions such as accounts payable, accounts receivable, cash department and supervising the staff.
Analyze and approve all journal entries.
Ensure that bank reconciliations are completed and reviewed regularly.
Liaise with external auditors and provide the necessary information.
Assist in performing tasks pertaining to the Finance and Accounting Departments.
Zakat & Income Annual preparation of Zakat & Income reports and returns for the filing and payment of annual Zakat & Income.

handle all operations of the western region, Support the Regional Director and Head of Finance in developing regional timetable for the annual business plan and budget, and ensure the effective implementation through monthly review, Finalize the delivery of a framework for costing service delivery contracts that provide for full cost recovery and enable managers to calculate and understand the costing and pricing of their services.
Oversees the processing of invoices for payment and records all cash disbursements and cash receipts.
Monitors the deposits of all cash receipts.
Prepares monthly billings for fund reimbursements.
Oversees the maintenance of general journal and recurring journal performing month end closing tasks.
Monitors the preparation of monthly bank reconciliations.
Follows up on assets and their depreciations.
Taxation - implement and ensure taxation is accounted for correctly and that returns are submitted to Government within deadlines
Generates monthly financial statements.
Prepares statistical and written reports for management.
Approaches work in a meticulous, thorough, and detailed manner.
Meets deadlines and juggles multiple priorities.
Applies all financial accounting and standard accounting rules.
Implements and oversees efficient data entry procedures.

Day to day voucher preparation and maintaining up-to-date accounts.
Process supplier's payment.
Assist in finalization of accounts of the company for timely reporting
Reconciliation of bank statement.
Inter-Company reconciliation
Assist in yearly audit process
Preparation, completion and submission of VAT returns within the filing deadlines and in compliance with the local VAT law.
Follow up customer collection and match invoices with payment and monthly balance confirmations
Follow Up van sales trucks monthly physical count within approved deadlines and random physical count on branch inventory
Daily reconciliation between sales and receivable
Following up with sales team for collecting all customer dues.
Participating on Studying new customer credit limits and payment term and submitting feedback to AR & credit supervisor
Participating in annual physical count on branch inventory and Fixed Assets.
Performing other duties related to the job as assigned by the direct supervisor.
Monitoring, control and renewal Guarantee received from customers
Monitoring of Calculating sales representative commission and customer dues if any.