Finance Manager
Nabulsi Sweets
Total years of experience :13 years, 1 Months
As the finance manager of Nabulsi Sweets, I advanced the corporation structure and accounting team, enhanced the bookkeeping by following IFRS, and I will be able to implement full accounting and POS system.
Re-setting up the accounting department.
Restarting and replacing the old chart of accounts so can easily extract and reconcile the accounts.
Provide financial insights and recommendations to optimize pricing strategies, maximize revenue growth, and minimize cost.
Assess risk management and finances, implementing strategies to be reduced.
Monitor the Key Performance Indicator (KPIs) for sales and expenditures.
Planning for budgeting, forecasting, and financial reporting.
Feasibility study for new project for Return On Investment (ROI) calculations.
Monitor and analyze the financial performance of external transfers and ensure compliance with transfer pricing policies and regulations.
Making 2023 forecasting (monthly) and analyzing the variances.
Implemented consistent workflow monitoring procedures that reduced the month-end closing time by approximately 25%.
Growth the revenue for 9% by cost control, inventory analysis, and budgetary accounting for raw materials in 2Q 2023.
Developed and executed internal controls and reduced error rate by more than 95%.
Ensure that all milestones are met and provide accurate financial analysis and reporting to support effective decision-making within the business unit.
Present the monthly and quarterly financial reports of various units and departments.
Prepare and control year-end closing for auditing, in addition to monitoring the lead sheet for adjustment.
Collaborate with the department and gather data for better financial performance.
Implement a new POS and integrate it with the accounting software.
Develop and implement accounting, procurement, and sales policies and procedures.
Prepare the profit and loss statement and cash flow monthly.
Advising the company to follow the standard industrial rate.
Segregated the duties of accounting department and improved the JD.
VAT Reporting, good HR knowledge, teaching the team for MS Excel functions.
In this position, I was working with them part time.
Review and reconcile bank statement.
Preparing the financial statement.
Monitoring the money received by the clients through excel modeling.
In this role, I drove the company for expansion through selling franchise in all Gulf Cooperation Council (GCC) to increase its market share and enter new markets.
Account Payable: By paying and reconciling vendor's accounts after checking the required documents.
Account Receivable: Following with customers about the due amount to be paid on time.
Inventory: Controlling and recording the inventory over WA method so, the stock list will be ready at the end of the year for auditing purpose.
General Ledger: Record all transactions between subsidiary companies and supervise other's transaction to be recorded on time and correctly.
Payroll: Supervise the process of payroll to record them timely and reconcile the concerned accounts.
Banking: Reconcile the bank statement with ours, prepare bank position report and follow up with the banker for our issue like, LC, LG, Loan, Statement.
Prepares asset, liability, and capital account entries by compiling and analyzing account information.
Analyze the trends of Key Performance Indicators (KPIs) relating to financial metrics such as sales, expenditures, and profitability margin.
Analyze actual expenses against budgeted targets and identify areas for cost optimization.
Closing the fiscal year by preparing the auditing requirement.
Ensure that all project milestones are achieved within the set financial parameters and timelines.
Reconcile financial discrepancies.
Monitor and track OPEX and CAPEX budgets for the business unit.
Managerial role:
Starting company from scratch.
Developing Accounting system ERP and procurement policies. Controlling Staff needs and cost cutting.
Lead the Accounting, Procurement & Store team, review and approve their work, in addition to overseeing 17 employees.
Managed to Reduce the annual cost by 15% and manage the franchises in GCC.
Evaluate Go-to-market Strategies by collaborating with sales teams to develop financial models and forecasts for different market entry scenarios.
The main Duties as follow:
** Accounts Payable :-
Paying to the vendors their due invoices after matching their statement with ours for our company and the subsidiary.
** General Ledger :-
Passing the entry related to the company, in addition the prepaid and accrual entries.
** Assisting Chief Accountant in closing the financial on monthly basis.
** Handling the company assets by recording the Depr. and any additional.
** Prepare the bank position in daily basis.
** Controlling the accounts for all staff.
The main Duties as follow:
** Prepare and arrange the invoices to / from vendor and customer.
** Entering any information to Excel.
** Reconcile the accounts.
** Issuing cheques.
Bachelor Degree on Accounting, Al-Al Bayt University; June 2008, Grading : Good
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