وسيم إسماعيل

Meena Healthcare Scientific Bureau for distribution and promotion in the Iraqi market and the agent for Jamjoom Pharma and Hikma in Iraq and Kurdistan.

- Initiating company first time the Annual Budgeting
- Directing the sales forecast
- Cash flow management and company investment
- Negotiating new loans and acquiring competitive - interest rate.
- Company insurance and hedging agreements
- Developing the management reporting system
- Analyzing the expenses, achieving annual expenses saving more than JOD 250K
- Improving policies and SOP of the finance and accounting department

Supervising three paint factories finance and accounting operations for annual turnover USD million 80+

- Group cash management
- Group investment
- Group budgeting
- Financial reporting
- Risk assessment and action design

- Preparing annual budget, forecasting, financial trends and monthly reporting,
- Providing timely and accurate analysis of the budgets, actual vs. planed,
- Participating into preparing/reviewing the annual business plan, and analysis,
- Preparing the financial plan and strategy plan, (sales, growth)
- Strategic financial management, company investments, ensuring that the organization short-term and long-term goals, monitoring actual vs. budget,
- Commercial participating in new jobs pricing, contract (payment terms),
- Designing and developing financial policies and practices of the business,
- Implement effective internal controls and ensure full compliance with it,
- Working capital changes, cash management and cash flow,
- Monitoring and Controlling the purchasing with the budget limits and analyzing the variations,
- Monitoring and Reporting the cost of the projects, maintain comprehensive job costing system,
- Inventory management, monitor the inventory turnover,
- Direct and oversee all aspects of the Finance & Accounting functions of the organization, (receivables, payables, general ledger, collection, assets controlling, revenue recognition, bottom line profit)
- Cash flow monitoring and cash management, working capital requirement,
- Preparing quarter board’s report presentation, management report based on the balance sheet, income statement, cash flow and change in equity report.
- IT and company’s software system, backup policy, ERP implementation, clouding agreement,

Duties and Responsibilities
- Region annual budget preparation and monitoring,
- Project’s study and capital budgeting,
- Day-today work and reports,
- Oversee vendor’s payments.
- Oversee cash flow and bank accounts in different currencies.
- Oversee SAP reports and monthly closing reports.
- Ensure all financial transactions are aligned with the company CDTI.

Duties and Responsibilities
- Oversees all of the financial activities of the group of companies on a detailed, hands on basis, and provides strategic and operational support to the management,
- Participate in the long term planning and contribute to overall strategy for the group.
- Financial planning, analyzing and evaluation,
- Preparing annual budget for each company, analysis and trends forecasting,
- Preparing strategic and business plan,
- Providing accurate reports and analyzing the business plan for maximizing the return and group value,
- Design, develop, and direct financial policies and practices of the business,
- Implement effective internal controls and ensure full compliance with it,
- Monitor costing, process costing system,
- Oversee all the accounting aspects and financial reports, receivables, Invoicing, collections, purchasing, costing, payables, general ledger,
- Oversee and supporting the preparation of the financial reports on quarter basis,
- Monitoring cash flow for each company of the group,
- Preparing projects feasibility study, and desire return prediction (IRR),
- Communicating with the external auditors and banks,

Major Achievement
- Develop the budget reports and the budget analysis for controlling the annual results,
- Cash flow and investment return monitor model,
- Business valuation (NPV),
- Develop monthly reports and ERP system for the entire group,
- One of the group members is a large wood factory; develop, establish and design the entire financial procedures and policies, business plan, costing calculation (before quotation issuance), inventory controlling system (raw material and finished goods).
- Re-build and re-structure the finance department policies and procedures for the entire group subsidiaries (Credit Policies, Purchasing Policies, and Depreciation Policies).
- Develop revenue control tools and reports (including, daily cash collection).
- In order to develop the group growth and profitability; review every expense lines. Hence, develop some procedures, new agreements and arrangements with suppliers and bank in order to reduce the overhead and direct cost as well.
- Develop the group HR, purchasing and general administrative processes and procedures; (ex. Hiring, leave process, bonus scheme, staff evaluation system, purchasing process and the authority structure, petty cash system)

Major Achievement:
- Projects budgeting,
- Cash-flow; capital budgeting and actual, analyzing and variances reports,
- Develop and execute ERP solution for the committee. Enhance, controlling of WIP, project management reports and monitor cost of building the airport,
- Monitor investment tools for the committee available/surplus cash in an extensive monthly and annual return.
- Design and implement a comprehensive project financial reporting system. This provided accurate and timely reports and summaries for senior management on the status of the project at any one time.
- Negotiate, arranged and manage the relationship with the company banks, including bounding and development facilities.
- Restructure the staff communication with HR, Finance and Purchasing departments by implemented appropriate applications forms available on the Committee’s Server.
- Plan and implement a Finance Department chart and Administration Chart. Also, document flow chart.
- Implement a new company precise payroll system and manage its integration with the project cost ledger.