General Manager
MM BEDDING INDUSTRIES PLC
Total years of experience :32 years, 11 Months
. Increases management's effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountability; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
. Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
. Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
. Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
. Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
. Maintains quality service by establishing and enforcing organization standards.
.Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
. Contributes to team effort by accomplishing related results as needed.
Performance Management, Staffing, Management Proficiency, Coordination, Coaching, Developing Standards, Financial Planning and Strategy, Process Improvement, Decision Making, Strategic Planning, Quality Management
Key Roles
•Design and implement a cost effective and efficient processing infrastructure to handle exceptionally large volumes of data, within the hotel and tax law policy and procedure.
•Responsible for the periodic evaluation and implementation of POS system improvements, by recommending software developments and requirements that enhance efficiency and effectiveness while ensuring that the data quality is maintained
•Responsible for financial systems development and review, manual and automated control system development, financial report preparation, analyzing the company financial condition with the industry average.
.Support the different audit process by generating the necessary audit schedules and reconciliations. Resolve any queries put forth by the auditors.
Specific Role
•Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll.
•Supervises and participates in the preparation of various financial statements and reports.
•Directs the installation and maintenance of accounting records to show receipts and expenditures.
•Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
•Directs and participates in cost analyses and rate studies.
•Prepares statements and reports of estimated future costs and revenues.
•Directs internal audits involving review of accounting and administrative controls.
•Establishes system controls for new financial systems and develops procedures to improve existing systems.
•Coordinates preparation of external audit materials and external financial reporting.
•Reviews financial statements with management personnel.
•Directs the installation and maintenance of new accounting, timekeeping, payroll, inventory, property, and other related procedures and controls.
Key Roles
•Responsible to plan, organize, direct, coordinate and control the financial, administrative, logistics and other support activities of the Company.
•Lead the preparation of long, medium and annual plans and budgets of the units and department and consolidate the same for submission to the Managing Director.
•Responsible for the development and/or revision of financial, administrative and procurement manuals and guidelines (payroll, accounting, budgeting, purchasing, inventory management, cleaning and security of facilities) and ensure the implementation of same upon approval.
•Responsible for shareholders' financial accounts proper maintenance and accurate periodical valuation
•Coordinate budget preparation and control utilization
Specific Roles
•Ensure the proper supply of and utilization of human, financial, material and other resources required for the smooth functioning of the academic and non-academic programs of the Company.
•In consultation with the Academic Director, Academic Support Assistant Director, and other concerned officials of the School, prepares yearly and quarterly action plans and detailed schedules for the procurement and delivery of all necessary educational materials and supplies
•Ensure that the Company follows standard accounting procedures;
•Prepare comprehensive financial reports on a quarterly, semi- annually and annually
•Ensures that taxes and other payments are made in a timely manner to concerned government offices.
•Oversee the preparation of cash flows statements and tracks cash deposits and transfers
•Evaluate/monitor budget utilization and variances and reports to the Managing Director for corrective actions
•Arrange and facilitates external auditing and provides external auditors with the necessary information.
•Prepare monthly, quarterly, semi-annual, and annual reports (activities, successes, failures and challenges) for submission to the Managing Director
Key Roles
• Responsible for preparation of financial statements and analyzing profit for cost centers
• Review and identify the existing control system and associated risk, recommend new policies and procedures.
• Responsible for the implementation of Enterprise Resource Planning (Auto Logical System Management Soft Ware)
• Control bank loan repayment and alternative financing.
Specific Roles
• Prepare and present financial performance report under each Profit Centers (Car Sales, Parts Sales, work shop, Car Rental, Travel Agency and Bar and Restaurant)
• In coordination with IT department to administer quick book Accounting package
o To segregate the permission level of each user and o To adopt and customize the existing accounting system when a new feature is available in order to ensure consistency of recording.
• Control and authorize data entry procedures to ensure data are stored correctly and accurately.
• Control and authorize payments for account payables in order to ensure its timelines and correctness.
• Control and evaluate the operation of internal control procedure in order to ensure that they are operating effectively and efficiently in accordance with the company policy and procedure.
• Review and evaluate the existing control system and report with recommendations if there is any risk associated with the system.
• Check and verify all payment and purchases to ensure that they are incurred for the operating activity of the company.
• Coordinate and follow up credit sales and cash collections to ensure and maintain the cash position of the company.
• Control and follow up warranty claims and ensure payments.
• Maintain overdraft facility and prepare timely reports and statements.
• Consolidate summaries and prepare financial statements.
• Coordinate, Control and Follow up the implementation of Auto Logical System Management Soft Ware.
• Prepare and present financial statements for audit.
• Supervise department staff.
Key Roles
• Responsible for country program financial systems.
• Solve personnel and logistic problems of the entire project.
• Develop personnel and expenditure guidelines and maintain files, check and monitor consultant invoice and level of effort.
• Ensure compliance of all relevant USAID policies and procedures with respect to Purchase of goods and Service.
Specific Roles
• Plan, develop and manage financial systems to support the country program
• Plan organize, direct, co-ordinate, and supervise the financial and budgetary activities of the project;
• Ensure that financial reporting to head office is accurately and efficiently carried out within the timeframe specified
• Take initiative and work closely with technical staffs to guide them efficiently through all the essential event planning steps
• Solve practical, tactical, personnel and logistic problems related to the entire range of project implementation activities
• Maintain all project expenditure and petty cash
• Provide general administrative support for all project activities
• Liaise with Abt Associates in the US regarding finance and contract requirement
• Develop local consulting agreement following Abt guidelines and in consultation with the Head Office, maintain files, check consultant invoice and monitor consultant level of effort
• Comply with all relevant USAID policies and procedures with respect to Purchase of goods and Service and recording of Inventory and Asset
• Negotiate with hotels/travel agents for suitable rates for hotel stays for workshop etc., within the applicable UNICEF lodging/per diem guidelines
• Assures communication, cooperation and collaboration among teams
• Keep and update appropriate records for government investments on Agriculture, Mines & Energy and Transport and Communication Sectors.
• Analyze each enterprise's financial statement to forecast government budget revenue estimate.
• Prepare Investment Revenue Budget to inform the amount, time and form of payment to each enterprise.
• Follow, collect and record revenue under each income source.
• Make financial trend analysis and provide comments and recommendations when enterprises request for the cancellation and rescheduling of debt.
• Study and prepare source of finance with comments and recommendations for restructured enterprises and if it requires additional financing, conduct a study on the form and composition of capital structure.
• Conduct policy studies on the acquisition, maintaining, recording and disposition of government fixed asset.
• Prepare monthly, quarterly and annual performance report.
• Check and verify documents and records are properly kept and registered.
• Check cash receipts are properly recorded and coded correctly and are deposited duly.
• Verify payments are supported with the necessary supporting documents, are properly authorized, coded, recorded and posted.
• Check and verify payments made are for the budgeted purpose and to the authorized amount.
• Verify casts and totals of each document.
• Conduct a surprise audit on cash balance and report the result
I will expect to finalize my ACCA certification by the end of this year. I have left one papers P5 .
LLD in Law from Addis Ababa University
BA in Accounting from Asmara University
