Finance Manager
Ajlan and Bros
مجموع سنوات الخبرة :17 years, 10 أشهر
• Prepare and organize accounts and abide by the principles of accounting guidance and review accounting entries for all operations of the company in accordance with sound accounting rules.
• Support and train the accounting department team and provide guidance when needed.
• Review and carry forward all accounting entries resulting from Oracle modules (AP, AR, FA, GL, HR and Inventory) and ensure the correct accounting guidance for all entries.
• Review and carry forward all accounting entries of salaries, commissions and EOS of employees.
• Handled a project of new chart and procedures implementation, in addition to restructuring of accounting department team which resulted a better efficiency and productivity to the company.
• Prepare the financial statements, ensure that all transactions of the company are carried over during the financial period and closing all the modules and prior financial period on Oracle.
• Preparation and review of financial statements and processing all responses to all inquiries of internal and external audit offices in coordination with accountants in the financial department.
• Review, analyze and compare actual IS vs budgeted numbers and highlight major variances.
• Dealing with the required external bodies such as external audit offices (Ernst & Young - PWC) and processing all required reports and data.
• Review all transfers and bank transactions and notifications from the accounting department and signing them in order to complete the payment process and procedures.
• Check, review and approve purchase orders to complete the approval process and procedures.
• Monthly review and reconciliations for all Ajlan subsidiary and inter-company accounts.
• Review the monthly reconciliations of accounts and prepare financials reports for all GCC branches (UAE, KUWAIT, BAHRAIN AND QATAR) for higher management in Head Office.
• In addition to administrative work which is to solve the problems of accountants and completion of work in the due time and to maintain the spirit of the team and the company's system
• Maintain general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, operating expenses, and insurance records.
• Prepare, examine and analyze records, financial statements and other reports.
• Review all vouchers prepared such as AP, GL, and Rental transactions to ensure the accuracy of accounting entries and if accordingly classified.
• Responsible for sales analysis and evaluation of costs and margins.
• Review Staff meals, complimentary, void, discount and spoilage items
• Review and confirm payroll related calculations including deduction, staff benefits etc.
• Produce payroll and WPS by initiating online files processing.
• Perform month-end accounting activities such as reconciliations and journal entries.
• Monitor and record financial transactions according to company policies and regulations.
• Avoids legal challenges by complying with legal requirements.
• Preparing Bank reconciliations for bank accounts and cash position report on monthly basis.
• Stock & store management, inventory management, job costing, product pricing.
• Prepare costing for recipes and menus prepared by the Executive Chef and suggest selling price.
• Check monthly Variances, Standard cost and provide food costs reports for outlets.
• Complete external audit and provide requested information, support interim and annual audits.
• Inter-company & subsidiary company reconciliations.
• Coordinate with finance team to complete assigned accounting tasks within deadlines.
• Respond to all branches, warehouses and central kitchens inquiries and solve related issues.
• Oversee and manage the daily operations of the accounting department.
• Monitor and analyze accounting data and produce financial reports/statements.
• Oversee budget reports, preparation and analysis of budget, sales forecast and cashflow.
• Responsible of development and implementation of new procedures and features to enhance the workflow of the department.
• Ensure an accurate and timely monthly, quarterly and year end closing.
• Perform monthly comparison Actual Vs Budget, cashflow and sales forecasting.
• Monitors and maintain Cost and operational expenses and highlight unexpected cost incurred.
• Prepare monthly presentation for company’s financial statements, achievements, detailed sales report and company cash position compared with sales forecast and cashflow forecast.
• Provide weekly/monthly Aging report, monitor AR/Collection and follow up loans settlement.
• Check, study and analyze credit application before submitting to Credit Committee.
• Maintain and release purchase requests and make sure are in line with the budget.
• Monitor Input and Output Tax and make sure are recorded respectively and in compliance.
• Any other task required by CFO and higher management.
•Ensure proper data entry of invoicing, payments, ledger entries, and depreciation entries.
•Entries for prepayments accounts & accruals.
•Account reconciliations: Payable/Receivable/Bank Statements
•In charge of monthly trial balance, P&L, and balance sheets.
•Accurate reporting for accruals by using set guidelines
•Review and process expense reports
•Assist with implementing and maintaining internal financial controls and procedures
•Analyze business performance / results, providing feedback to management
•Prepare analysis of accounts
•Prepare proper and timely monthly/yearly financial reports (PL, BS, and cash flow)
•Assist in preparing budgets and forecasts
•Support overall department goals and objectives in collaboration with managers of other departments
•Verify and approve daily receivables&payables and process payments(cash, checks, bank transfer)
•Ensure accuracy and timeliness in processing of pay transactions.
•Ensure accuracy and timeliness in performing bank compliance activities monthly and quarterly.
•Ensure clear and timely year-end audit in coordination with the controller
•Follow up on collection
•Manage bank accounts
•Obtain and maintain a detailed understanding of the financial reporting and general ledger structure.
•Ensure the timely reporting of all monthly financial information.
•Ensure the monthly and quarterly Bank activities are performed in a timely and accurate manner.
•Ensure an Accurate Monthly Cash & Banks Reconciliation
•Prepare Monthly A/R and A/P Aging reports.
•Supervise and control quarterly and end of year stock audit.
•Control the prepayments and accruals.
•Prepare detailed monthly revenue reports, and projects status reports.
•Prepare detailed monthly CGS reports
•Support budget and forecasting activities.
•Collaborate with the other finance department managers to support overall department goals and objectives.
•Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
•Respond to inquiries from the Director of Finance, Controller, and other finance department managers regarding financial results, special reporting requests.
•Work with the Controller to ensure a clean and timely year end audit.
•Supervise the general ledger group to ensure all financial reporting deadlines are met.
•Assist in development and implementation of new procedures and features to enhance the workflow of the department.
•Ensure an accurate and timely monthly, quarterly and year end close.
•Close supervision of all day to day and periodic Finance related process and reconciliations such as A/R, A/P, inventory, cash & bank and Payroll.
•Reconciliation of Inter-companies Accounts.
•Participate in planning the objectives, methods and resources of financial operations.
•Preparing and submitting all payments due.
•Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
•To issue and review all sales invoices on a monthly basis.
•Ensuring that the monthly reconciliation of Customers & Vendors is done as per the target.
•Liaison with bank on day to day basis, handle bank guarantees, reconciliations and provisions.
•Reconciliation of employee loans balances as per the schedule.
•Ensure timely preparation of the financial statements and coordinates with external auditors.
•Ensure accurate and Monthly performance review of all contracts against budget. Analyze actual and report variance to senior management.
•Providing monthly sales report and Customers Aging reports for Direct Management.
•Preparing the P&L and TB on a Monthly basis.
•Smooth month end closing and reporting within the agreed timetable.
•All other related accounts work.
•Ensure that all transactions related to the Regions are recorded on a timely manner (i.e. raw materials and supplies invoices, customer’s invoices, service invoices) and analyzed as appropriate.
•Prepares accurate financial documentation up to the trial balance level for submission to Chief Accountant.
•In consultation with Finance Director, ensures full maintenance of effectiveness of internal control and makes periodic review of accounting and other functions to make sure that Company’s assets are adequately protected.
•Take full charge of the accounting section of the region - routine and operations.
•To provide a variety of financial services including accounting, reporting, analysis, planning.
•Conducts regular internal audits of all transactions and supporting documentation, contracts, payments, vouchers and all other transactions to ensure their validity.
•Monitors correct posting of data to accounts and verifies transactions where discrepancies in the transactions have been noted.
•Reviews reconciliations of accounting records, undertaken by the respective accountants to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Construct data accumulation systems for a cost accounting system.
• Validate the cost of goods sold as part of the month-end close.
• Coordinate physical inventories and cycle counts.
• Investigate cycle counting variances and resolve issues .
• Accumulate and apply overhead costs as required by accounting principles.
•Overseeing the day to day activities transactions.
•Reconciliation of Inter-companies Accounts.
•Petty Cash Control.
•Preparing and submitting all payments due.
•Supervising the preparation of weekly/monthly schedules and reviewing the same for accuracy.
•To issue and review all sales invoices on a monthly basis.
•Ensuring that the monthly reconciliation of Customers vendors is done as per the target.
•Reconciliation of employee loans balances as per the schedule.
•Ensuring the receipt of monthly payroll reports / data on time.
•Liaising with the internal and external auditors in providing information for audit purposes.
•Assisting the Financial Accounting Manager and the General Accounting Manager by submitting the appropriate information and requirements of the management.
•Providing monthly sales report and Customers Aging reports for Direct Management.
•Preparing the P&L and TB on a Monthly basis.
•Preparing any requested reports related to revenue showing the Unearned & Unbilled Revenues.
•All other related accounts work.
•Maintain the integrity of the item master file standard cost system, inventory valuation and all system master files affecting gross margin
•Process the work order accounting close as each work order is complete. Identify and resolve all variances.
•Audit inventory cycle count procedure, processes and accuracy.
•Calculate labor and overhead rates (such as equipment and fixed asset depreciation...) for standard cost system which is used in both job order and process cost systems.
•Provide reports and detailed analysis of change in inventory value by product line, variance accounts, plant productivity, efficiency, work in progress status, cost center activity, etc.
•Perform other tasks as assigned by financial controller.
• Accountant - Payable.
• Stock controller.
• Maintaining fixed assets registers and inventory movements
• Handling of Company bank & cash accounts, payables and disbursement of payments.
• Checking of inventory, processing overtime and incentives, disbursement of supplier payments & expenses.
• Reconciliation of bank, cash, creditors, debtors, inventory, etc.,
• Reconciliation of other branches activities.
• Inventory Audit on a monthly, quarterly and yearly basis.
• Payroll preparation
• Another Other related assigned tasks.
•Basically responsible for Receivables & Payables.
•Responsible for general journal operations, vendors, customers, banks, employees and inventory daily operations.
•Making monthly report for purchases and sales operations and making trial balance sheet.
•Posting and reconciling daily petty cash.
•Preparing invoices and follow up with Customers
•Treasury
•Payroll preparation
People and Business analytics is a data-driven approach to managing people at work helping business leaders to make decisions about their people based on deep analysis of data rather than the traditional methods of personal relationships, decision making based on experience, and risk avoidance. I explored the state-of-the-art techniques used to recruit and retain great people, and demonstrate how these techniques are used at cutting-edge companies, in addition to how data and sophisticated analysis is brought to bear on people-related issues, such as recruiting, performance evaluation, leadership, hiring and promotion, job design, compensation, and collaboration. Eventually i was able to learn how and when hard data is used to make soft-skill decisions about hiring and talent development, so that you can position yourself as a strategic partner in your company’s talent management decisions.
This course is designed to impact the way you think about transforming data into better decisions. Recent extraordinary improvements in data-collecting technologies have changed the way firms make informed and effective business decisions. Focusing on how the data can be used to profitably match supply with demand in various business settings.I learned how to model future demand uncertainties, how to predict the outcomes of competing policy choices and how to choose the best course of action in the face of risk. I practiced methods and software available for tackling these challenges quantitatively as well as the issues involved in gathering the relevant data.
This course provides an overview of the field of analytics so that you can make informed business decisions. After completing it, I was be able to: -Describe the major methods of customer data collection used by companies and understand how this data can inform business decisions -Describe the main tools used to predict customer behavior and identify the appropriate uses for each tool -Communicate key ideas about customer analytics and how the field informs business decisions -Communicate the history of customer analytics and latest best practices at top firms
Focused knowledge on technical aspects of financial accounting in order to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite part for the University of Illinois' Master of Accountancy program.
Learned and practiced the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. Study and analyze cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions. - Describe different types of costs and how they are represented graphically - Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit - Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems - Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision - Determine a reasonable course of action, given the financial impact, for a given management decision
By completing Accounting Analytics, I’ve learned how to read financial statements, to understand ratio analysis and forecasting, to detect earnings management (and catch some bad guys), as well as to use non-financial data effectively to forecast events, optimize operations, and determine strategy. Now, i am ready to apply what I've learned to help making for your business decisions and create strategy using financial data.
Advance Level In Georgetown University Certified Proficiency Exam
B.A : Business Finance & Management