Finance Controller
Americana
Total des années d'expérience :13 years, 8 Mois
Manage working capital of the company which includes Cash management by preparation of cash flow projections
Thorough Sales analysis, by region, channel, product category
Detailed review of SKU BOM’s and contribution margins
Monitoring and control of cash receipts done in DC’s (Distribution Centers) across KSA.
Inventory management with the coordination of the supply chain & Sales team
Debtors’ management by identifying appropriate credit policy. Also responsible to monitor the adherence to the organization’s credit policy.
Review and Approve Purchase Orders
Pricing workings review with commercial team
Finalization of Annual Operational Plans (Budgets)
Preparation of financial statements
Lead person for external audit
Review route profitability per cash van with commercial team and resolve issues with low performers
Liaise with banks for all bank issues and bank facilities.
Timely submission of the Group Head Office Reporting Requirements
Ensure accuracy, completeness and timely submission of statutory reports and management reports
Forecasting, budgeting, cash flow management and P&L management
Ensuring books are maintained in line with IFRS and stay up to date on new IFRS publications
Ensure that all government obligations (VAT, WHT, Zakat, etc.) are reported timely
Develop and document business processes and accounting policies to maintain and strengthen internal controls
Support Operation teams in reviewing OPEX and help in identifying opportunities for optimization
Focus on working capital and ensure that trend is downwards
Perform feasibility study to identify the financial impact of new business lines, products, pricing
Continuous review activities of the department and recommend/implement technology or process changes to improve efficiency, effectiveness of the staff
Facilitate and drive towards cross functional collaboration across organization.
Oversee the month-end close process, constantly reviewing procedures eliminating inefficiencies.
Calculation of sales incentives for the targets and performance incentives
Manage relationship with auditors, banks, local tax authorities, and government agencies
Coaching & supporting learning of accounting staff with latest accounting standards.
Responsible for Preparing and Reporting Financials of Tibbiyah sector
Responsible for daily cash management, monthly cash reporting forecasting
Manage Operating Company working capital and currency exposure effectively
Implemented E-banking
Review Bank, AP & AR reconciliations and follow-up on clearing of outstanding items
Review Intercompany reconciliations and intercompany Debit/Credit notes.
Prepare cost centre variance reports & division profitability.
Monthly review with management on provisions/accruals and propose necessary adjustments
Month end calculation of Inventory provision, AR provision and WIP
Ensure compliance with internal control policies
Prepare and liaise with different departments in annual budgeting process
Manage Income tax and VAT activities.
Liaise with VAT/SFDA & Customs authorities on queries and audits.
Lead and oversee Zakat filing for all Tibbiyah BUs
Ensure true and fair reporting of company’s performance. Any deviations to be reported to relevant stakeholders
Ensuring books are maintained in line with IFRS and stay up to date on new IFRS's
Responsible for external audit of Tibbiyah KSA companies.
Lead and oversee the Year end & monthly closing are on time.
Coaching & supporting learning of accounting staff with latest accounting standards.
Ad hoc reports as and when required by management
• Reporting GC margins and NM margins - by customer, industry & product
• Monitoring and reporting to higher management on Over / under achievement of budgeted margins & Budgeted project cost.
• Monitoring of budgeted projects & on-going projects cost and ensure that they adhere to budget
• Monitoring approved capital expenditures with Actual spending on capital expenditures, investigating deviations, if any
• Product Costing and circulating to marketing team on monthly basis.
• Identifying trends in margins and production cost.
• Liaising with Govt. relations office in matters of Custom Duty, Tax returns, GOSI, SAGIA.
• Plant Capacity & Production deviations report.
• Calculating Average Oil Tank Price and Monthly Oil reconciliation - (Crude, Refined, Sales & FG)
• Batch cost analysis and Factory overhead reporting to senior management.
• Supervising documentation compliance for Fixed Asset Additions, and their timely capitalization.
• Reconciliation of Fixed Asset Register with Trial Balance
• Making necessary stock adjustments at month-end to reflect actual value of the inventory.
• Preparing Monthly raw material movement report
• Engaged with auditors during statutory audit
• Maintaining Custom Duty status i.e Reporting Refundable & Non Refundable Custom duties.
• Monthly Inventory cycle count and Quarterly 100% stock count.
• Aging of advances paid to suppliers and scrutinize outstanding amounts to resolve issues (if any).
• Intercompany reconciliation.
• Assist senior management in compiling and preparation of annual budget.
• Ad hoc reports as and when required by reporting manager
• Preparing necessary documents for loan renewals and drawdown’s.
• Managing more than 15 accounts with five different banks in Saudi Arabia.
• Ensuring the terms and conditions of loan facilities are being complied with.
• Ensuring efficient utilization of bank loan facilities and their repayment on time.
• Assisting management in dealing with the banks for the renewal of long term and working capital facilities.
• Coordinating with banks, Purchase department & Customs department for all import LCs & CAD.
• Managing and recording all company collections and payments and their entries in ERP.
• Reporting to reporting manager monthly receipts and payments and making respective entries in the ERP.
• Preparing and assisting reporting manager in managing daily cash and bank positions and ensuring their accuracy.
• Assisting reporting manager in managing loan portfolio including Islamic Loans.
• Preparing monthly cash requirement, based on cash forecasts and budgets, for approval of higher management.
• Coordinating with the external auditors in annual statutory audit of the company.
• Preparation of monthly bank reconciliations.
• Processing of payments through cheques and TTs
• Filling LC forms, shipping guarantees and respective loan contracts.
Preparing and updating Investment portfolio of Sukuk’s investments of IDB
Reconciliation of investments
Using of Bloomberg
Searching on Bloomberg for potential new investment profiles that met criteria of IDB
Studying movement in For-ex market.
Basic knowledge of Islamic financial instruments.
Preparing monthly reports on Revenue, Expenses, receivables and bad debts.
Managing my team of three members through execution and completion stages of implementing accounting software.
Supervision, review and finalization of chart of accounts of clients.
Liaison with client's management and communication of relevant matters to persons at appropriate level of responsibility
Supervising preparation of E-filing requirements of Federal Bureau of Revenue relating to various Tax matters on behalf of clients.
Assisting clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives issued by regulatory authorities
Establishing positive working environment by building strong relationships with team members and clients
On-the-job training and professional development of subordinate staff
ACCA is a professional qualification for chartered accountants. ACCA's Chartered accountancy body is in United kingdom. For more details please visit. www.accaglobal.com
