Accounts Manager
SALE Advanced Co. Ltd
Total years of experience :27 years, 1 Months
To support management with quality and timely monthly reporting and analysis of financial results (Periodic Business Reviews (PBRs) /Quarterly Business Reviews (QBRs), including balance sheet, Income statement and KPI’s.
To act as the custodian and maintain a clean GL, chart of accounts and AP module. Facilitate assessment and performance reviews, to identify key issues and set corrective action plans. In addition, assist the Financial Controller to provide effective accounting support of business issues and initiatives.
Support implementation and maintain the Oracle Applications 11.5.10/12 RAC - AR, GL, Cash Management modules to ensure timely transactions.
Support the implementation and maintenance of the inventory and costing function to provide management with accurate and timely information on Costing and variance analysis.
Support the implementation and maintenance of the Fixed asset function and ensure that Company assets are adequately safeguarded.
Support the implementation and maintenance of the pricing function and ensure dealership gross margins are within company requirements.
Processes System Implementation by assessing ERP needed for efficient processing & integration of operations across the organization in coordination with the technical team and consultants
Responsible to liaise with internal and external Auditors and preparing statutory and management accounts for the Company.
Responsible to prepare a detailed month end closing checklist covering all departments along with responsibility and accountability to ensure a smooth periodic closing.
Responsible for carrying out a monthly review incl. validation all key financial statement assertions including key account reconciliations, including but not limited to Banks, Insurance, Fixed Assets, Accounts Receivable, and Inventory. Provide management with effective feedback on status of Other Accrued Liabilities and reserves.
Responsible for all sub ledger GL ledger reconciliations and ensuring that all control and zero location accounts are fully substantiated and reconciled
Responsible for financial analysis on monthly results (actual v/s AOP v/s forecast and Year Ago) providing management with commentary on all variances above (5% or SAR 50 whichever is higher) in the financial statements i.e. balance sheet, income statement and cash flow.
Track and analyze daily sales and gross profit of all different products sales and communicate issues / concerns to dealership and management ASAP.
Coordinating budgets formulation. Reviewing budget and variance analysis.
Completion of Financial reporting packages to Management. Evaluate financial reporting system, accounting procedures and make recommendations for changes to procedures, operating systems, budgets and other financial control functions to top management and other department.
Establishing internal controls. Develop and implement the financial policies, systems and procedures
Follow up accounts payables and accounts receivables to have a healthy cash flow in the business all the time.
Plan, organize, direct, control and evaluate the operation of accounting staff, audit and other financial department issuesConducting cost review for cost control and cost reduction.
Coordinating budgets formulation. Reviewing budget and variance analysis.
Completion of reporting packages to Management.
Establishing internal controls, policies, and procedures.
Leading Finance team for accounting and finance operations.
Conducting cost review for cost control and cost reduction.
Overseeing Credit control, collection of debt and managing enterprise wise risk by adequate insurance cover.
Coordinating, organizing, planning schedules and arranging all requirements for statutory audit.
Coordinating, organizing, and planning monthly closing.
Coordinating and reviewing preparation of tax records, tax returns and other required reports.
Establishing internal controls, policies and procedures.
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