Finance Accounting Manager
Medicals International
مجموع سنوات الخبرة :11 years, 11 أشهر
Main responsibilities:
§ Provided the GM with accurate data and financial reports/forecasts, including P&L Statement, balance sheets, cash flow and budgets, and sales reports to support commercial decision making.
§ Managed the budgeting process, ensuring alignment with strategies & goals and proper internal coordination.
§ Ensured yearly, quarterly and monthly reporting procedures are in place and operating effectively.
§ Ensured implementation of the latest international financial reporting standards (IFRS).
§ Developed and implemented policies and procedures to ensure integrity of accounting information.
§ Performed P&L Analysis to determine causes of revenue and expenditure variances and issued recommendations to address them.
§ Advised on commercial business deals, approved purchase orders and commercial contracts, and supported during bids & tenders.
§ Maximized collection through enforcing payment terms and performing proactive follow-up.
§ Managed inventory to keep up with current customer demand.
§ Managed treasury to ensure optimized use of funds including sourcing and disbursement of funds, optimizing credit facilities, and minimizing finance costs.
§ Improved internal controls in line with best practice, and ensured their enforcement.
§ Coordinated annual external audits and ensured implementation of recommendations.
§ Managed the process of product listing, classification and registration.
§ Managed office administration and ensured resource optimization and smooth workflow.
Key Achievements:
§ Reduced cost of inventory by 80% through applying inventory management techniques.
§ Forecasted budget which lead to cutting the operation cost by more than 15%.
§ Increased revenue by reducing direct cost expenses (logistics costs).
§ Resolved old payment disputes and established constructive dialogue with delinquent accounts leading to positive outcomes and timely collection.
§ Engaged in the sales process to ensure that any discounts offered benefit the company and are implemented accurately.
§ Transformed the finance function in Oman to a business partner that supports decision making through designing & implementing streamlined Finance Policies & Procedures that meet best practice.
§ Played an active role in the selection of a new CRM (Visual Dolphin) and lead its implementation resulting in data coherence and efficient reporting.
Preparing journal vouchers and updating the general ledger, preparing payment/expense reports, and reconciliation
of vendor accounts, and of banks accounts (on a monthly basis).
Handling accounting for clients (journal vouchers, payment vouchers) and preparing account reconciliations.
Reconciling banks accounts on a monthly basis and managing payment transfers & communication with banks &
insurance companies. Issuing monthly financial statements (income statements, balance sheets, and trial balance),
ensuring accurate and timely monthly, quarterly and year-end closing, and preparing all tax returns (VAT, NSSF, tax
on salaries, income tax).
Participated in “Byblos Startup Weekend