Finance Manager
Al Afiya Group
Total years of experience :6 years, 8 Months
• Generate comprehensive financial reports for 4
restaurants and elucidate financial data to
managerial personnel
• Scrutinize costs, pricing strategies, variable
contributions, sales outcomes, and actual
performance vis-à-vis business objectives
• Formulate trends and forecasts to guide the
firm's financial trajectory
• Conduct assessments and appraisals to pinpoint
opportunities for cost reduction
• Supervise the finance department's operations,
establish goals and objectives, and devise
frameworks to achieve them
• Collaborate with various departments to align
on company strategies and chart the course for
the future
• Review all payments, VAT transactions,
employee end-of-service benefits, and
authorize purchase orders
• Generated periodic financial reports including
Balance Sheets, Profit and Loss Statements, and
Cash Flow Statements, ensuring accuracy and
timeliness
• Managed all aspects of financial and cost
accounting operations, encompassing Accounts
Receivable, Accounts Payable, and General
Ledger management, resulting in streamlined
financial processes
• Conducted comprehensive account
reconciliations and facilitated timely closure of
accounts, maintaining precision and compliance
with regulatory standards
• Led cash flow forecasting and budgeting
initiatives, collaborating closely with
operations and project teams to analyze
margins, variances, and cost efficiencies,
resulting in 80% improvement in cost
management
• Filed and remitted taxes, ensuring compliance
with legal requirements and optimizing tax
efficiency strategies, resulting in 4% reduction in tax liabilities
• Demonstrated proficiency in consolidation and
management reporting systems, facilitating
smooth ERP system processes and enhancing
data accuracy
• Coordinated with both internal and external
auditors during financial and operational audits,
ensuring adherence to audit standards and
timely completion of audit processes
• Managed payroll processing, including salaries,
leave salaries, and final settlements, ensuring
accuracy and compliance with HR policies and
regulations
• Responsible for booking invoices and preparing local and import payments.
• Responsible of VAT ledgers & preparation of working for VAT return.
• Reconciliation of all accounts with subledgers e.g., Payables, Inventory, FA etc.
• Providing accurate landed cost to imported inventories.
• Responsible for General Accounting and providing accurate accruals and prepayments for month closing process .
• Assisting in annual budgeting and forecasting requirements.
• Efficient command on bookkeeping, month end activities and maintaining correct ledgers.
• Responsible for collecting working papers for internal and external audit
• Responsible for accurate month end, quarter end and year end closing.
• Processing Payments of local and international Suppliers.
• Handling of Petty Cash and Reconciliation of monthly petty cash ledger.
• Assisting in Internal and externals audits.
• Maintaining trade Receivable/Payable Ledgers with ageing receivable/payable analysis and reconciliation of individual receivable/payable ledgers with control accounts as well as with Customer/Supplier Statements.
• Processing of Salaries, making monthly Deductions and reconciliation of Employee's accounts.
• Responsible of CAPEX & inventories