Financial Manager
Eduhub Investment LLC
Total des années d'expérience :15 years, 10 Mois
Key Responsibilities:
Financial Administration
• Manage accounting system and prepare financial report.
• Handle school projects (operation financial) and audit after accounting entries.
• Prepare financial statements and manage all investment project (budgets & actual cost) and close accounting system in coordination with external auditors.
Finance Strategy
• Plan, strategize and implement customized financial management, administration and regulation frameworks for the business.
• Analyze existing financial position through review of previous years’ reports and prepare comprehensive business growth plans.
• Initiate in conjunction with the management the development of the financial strategy and collaborate for business strategic planning and led commercial tasks.
• Develop and implement effective processes for financial accounting, in order to optimize account payables / receivables, reconciliations, system updates etc.
Finance Operations
• Coordinate for preparation of financial statement and the implementation of finance policies.
• Involve in financial planning and budgeting. Initiate the budgeting process and review monthly budget and financial reports.
• Execute the finance and accounting policies and procedures and ensured that expenditures of the organization are within the authorized annual budget.
• Participate in competitive analysis, market definition, engineering processes, strategic partnerships and fund raising.
Strategy Planning
• Develop tools and systems to provide critical financial and operational information and made actionable recommendations on both strategy and operations.
• Initiate the development and execution of the organization’s long and short term strategy and establish a system of checks and balances to assure accurate reporting.
Financial Reporting
• Supervise the day to day financial reporting. Ensure prompt monthly, quarterly and annual closing of books of accounts; lead the preparation of the statement of financial position and variance explanations.
• Analyze the financial statements, profit & loss accounts and balance sheet prepared by the accounting team, verified accuracy and submitted financial reports to the senior management.
• Coordinate in preparation of annual audited financial statements and ensure quality control over financial transactions and financial reports.
Operational Control
• Oversee all accounts, ledgers, and reporting systems, ensured compliance with appropriate Generally Accepted Accounting Principles regulatory requirements. Maintain internal control safeguards and coordinated all audit activities.
• Manage cash flow and forecasting. Optimize the handling of banking relationships and initiated appropriate strategies to enhance cash positions.
• Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics both internally and externally. Place the right accounting and financial policies and procedures to cover all sections in the department.
• Monitor and develop direct teams of accountants and clerks, managed work allocation, training, problem resolution, performance evaluation and the building of an effective team dynamic.
Financial Management
• Forecast cash flow statements depending on the fixed expenses, variable expenses, control expenses and non-control expenses this is to switch on and switch off the expenses.
• Analyze cash flow statement with the actual results verified deviations and provide reports including recommendations to the partners.
• Prepare & control cash flows. Analyze the working capital requirements, conduct periodic cash flow reviews and collaborate with the senior leadership team for fund syndication.
Key Responsibilities:
Accounting
• Coordinated operations of the accounting department, executed accounting processes and ensured accounting standards are followed. Managed Finance, audit and accounting matters.
• Checked full set of accounts, finance functions to ensure accuracy and compliance with current accounting practices and principles.
• Passed reconciliation, rectification and adjustment entries and prepared the trial balance to facilitate annual closing of books of accounts.
• Prepared Profit & Loss statements, monthly closing and cost accounting reports. Conducted audit of Stocks, fixed Assets and cash funds. Involved in and completed monthly Sales Tax Returns and Income Tax Matters.
• Developed accounting reports to be submitted to the management to enable decision making, ascertained that all statutory reporting is carried out in time.
• Managed daily treasury, audit and accounting matters. Handled full set of accounts, group accounts & accounting functions to ensure accuracy and compliance with current accounting practices and principles.
• Prepared Profit & Loss Statements, monthly closing and cost accounting reports. Reviewed and analyzed management accounts, & quarterly accounts.
• Controlled all accounting activities of daily journal entries, payment vouchers, monthly accrued, expenses accounts.
• Provided the Chief Financial Officer with reports to assist in making decisions.
AR and AP Management
• Prepared monthly closing and monthly financial statements for each petrol station and reviewed the work of accounts receivable, accounts payable.
• Oversaw the accounts receivable and payable functions, maintained appropriate balance to ensure that all payables are adequately covered by receivables in any given accounting period.
• Obtained invoices from vendors and suppliers, formally communicate with external entities to resolve invoicing discrepancies (if any) and release payments as per the credit policy of the company.
• Expedited receivables / dues from debtors / customers, prepare and forwarded invoices in time to facilitate cash inflows as per the credit policy and improved debtors’ turnover ratio.
Key Responsibilities:
• Prepared financial statements and supported schedules according to monthly close schedule.
• Planned and conducted internal audits and writing reports. Prepared audit paperwork in accordance with standards and requirements. Involved in completion steps and preparation of financial statements.
• Coordinated for the bad -debts and legal payments from clients.
• Efficiently audited the calculation of salaries for all staff, and the amount of deductions from the salaries by reviewing the salary statements every month.
• Prudently analyzed and evaluated the financial internal control systems, and recognized weak areas so that management can focus and improve on that areas.
• Applied audit procedures on financial activities to ensure that they are recorded and posted in accordance with GAAP and that they have the proper supporting documents which approve the value such as cash count, bank accounts verification, counts of inventory and fixed assets, in addition to verifying all accounts included in the Trial Balance.
• Focused on performing audit and imposing internal control measures on lending by conducting visits to clients and ensuring the sound application policies, and issuing visit reports.
• Provided valuable support and guidance to the less experienced team members.