group financial comptroller
Omar Kassem Alesayi Group
Total years of experience :18 years, 3 Months
Leading the finance departments for manufacturing and real estate companies in the group by handling all the finance related tasks, coordinate the annual budget exercise, Manage monthly business performance comparing with budget and previous year figures. Manage cash flow projection, Setup new policies and procedures for the Finance departments.
Key Contributions:
• Leading the implementation project of the new ERP system (EPICOR).
• Increase the accuracy of the monthly financial reports.
Supervise seven accountants in three locations to handle daily financial duties by entering all transactions in AX 2012. Collaborate with multiple teams to develop annual business plan. Manage monthly business performance comparison against annual budget. Manage weekly cash flow projection. Study and track accounts, expenses, and financial records for status and reporting requirements.
* Oversee the accuracy of day-to-day financial activities, including month end close, financial statement preparation, and transactions recorded in the accounting system according to the IFRS, and takes action on discrepancies if seen
* Analyzes company operations to pinpoint opportunities and areas that need to be reorganized, downsized, or eliminated.
*Reviewing and interpreting accounting and financial management policy, procedures, standards and statutes to ensure compliance; monitoring and examining accounts, specific appropriations or financial records for account status and reporting requirements; and verifying accounts documentation.
*Formulating budget estimates in support of company objectives; presenting and justifying budget requests; development of plans for allocating resources; monitoring program execution; conducting comparative analyses to examine trends and reviewing budget policy.
* Supports and coordinates the external audit and works with controllers to identify and resolve audit issues
*Supports the execution of project financing strategies collaborating with financing team participants to facilitate all aspects of debt issuance and debt administration.
* Ensure that appropriate reporting and accounting system, and internal control procedures are in place to enable effective financial management of the business in line with statutory
* Responsible for monthly and periodic reporting on financials and business trends.
* Build analytical models to perform ad-hoc financial analyses.
* Preparing and reviewing monthly, quarterly, and annual aeronautical charges invoices for all domestic and international accounts.
* Ensure procedures are set up to calculate new account accruals and invoices.
* Perform analytical review procedures on accounting data and invoices parameters to detect unexpected relationships and trends.
* Review, evaluate, and document accounting systems and internal controls to establish reliability and to determine the extent of procedures required to strengthen internal controls.
* Develops spreadsheets, databases and variance analyses to produce and distribute reports.
• Coordinated with various departments the development of the annual and quarterly business plan.
• Analysed and prepared accurate reporting of the business Key Performance Indicators (KPI’s) to upper management on monthly basis.
• Provided high quality financial analysis support to manage the monthly business performance comparison with the forecast and annual budget.
• Supported the business owners in the development of quarterly forecast and the annual budget and validate consistency and accuracy of their financial projections.
• Developed standard and comprehensive forecasting model to serve as standard forecasting tool for quarterly forecast and annual budgets development.
• Prepared feasibility studies including costing, revenue forecasting, simulations or any other budgetary exercises.
• Analysed records of present and past operations, trends and costs, estimated and realized revenues, administrative commitments, and obligations incurred to project future revenues and expenses.
• Evaluated financial risk through preparing financial forecasts for the Company.
• Helped in the preparation of consolidated financial statements.
• Serviced all the group companies in the preparation of their annual business plan.
• Helped in setting the conceptual framework for the accounting system.
• Prepared tough inventory documented system.
• Prepared Financial Statements.
• Cash flow management and daily cash position.
• Compared actual costs with budgets.
• Supervised all accounting activities.
• Provided direction and assistance to other organisational units, regarding accounting and budgeting policies and procedures.
• Updated records for fixed assets and all other financial documents.
• Weekly reconciliation with banks.
• Controlled and follow up sales tax and prepare sales tax report.
• Petty cash and expense management.
• Prepared all types of transfers, checks and follow up signatures.
• Weekly reconciliation with banks.
• Keep customer account details up to date
• Petty cash and expense management