Finance Manager
Alghanim industries
مجموع سنوات الخبرة :12 years, 11 أشهر
Ensure quality & timely financial analysis to provide context & insights, decision making support
Preparing Feasibility studies for new stores in Kuwait and GCC, assisting executives in decision making to drive the business in right direction as per cooperate expansion plans
Manage the financial planning, analysis, reporting, accounting, and control functions, ensuring quality, accuracy and timeliness reports
Drive process efficiencies and automation in finance & accounts
Worked on tools such as SAP, Tableau, Business Objects, Hyperion, Tagetik and Power BI, passionate about enhancing the efficiency and effectiveness of finance processes and systems and empowering the organization with data-driven insights and solutions
Develop business planning, incl. capital and operating budgets and monitor effective execution
Working capital efficiencies - ensure optimal inventory level and receivable/payable management
Liaising with external auditors for year-end Auditing
Liaise with corporate teams - Lead and participate as a key finance stakeholder in cross-functional team
Managing team consisting of 9 members including Chief and Senior accountants
Maintain deep knowledge of team functions and ensure all team members are adequately trained to perform their assigned tasks effectively and efficiently
Managing daily transactions to make sure the allocation of expenses & revenue are as per the correct cost centers
Analyze current and past financial data and performance evaluations to make recommendations on profit enhancements & cost reductions
Ensure timely Financial Reporting, P&L for 12 locations in Kuwait & 8 locations in GCC.
Consistently analyze financial and operational information based on both routine and ad-hoc reports
Establishing Banking Facilities for our entire operations for Branch Working Capital Requirements
Reviewing & Managing Intercompany Reconciliation process
Implement Microsoft Dynamics from the scratch includes accounting structure, integrations & migration plan
Implementations of IFRS 16 for the rental locations as per new IFRS standards.
Actively participate in reviewing improvements to the accounting software, modules, and processes
Liaising with Internal/External auditors to produce and present quarterly and year-end financial reports
Liquidity & Cash Management for all the inward/outward flows
Manage LC (Lettering of Credit) Plus commentate with all Foreigner Suppliers to make sure shipments deliveries & payments are algin for smooth operations
Assist in the overall financial functions at the Head Office by demonstrating financial awareness according to the terms of the company contracts, company policies and the generally accepted accounting practices and principals
Forecasting and Monitor Working Capital & Cash Flow, Analyze & update on a Monthly Basis and ensure that the cash flow is adequate for the business to operate and manage adequate liquidity
Conduct profit and cost analyses
Develop secure procedures to maintain confidential information
Ensure all accounting activities and internal audits comply with financial regulations
Recommend cost-reducing solutions for higher Profit Margins
Manage full spectrum of financial and cost accounting role e.g. AR, AP, GL, forecasting, budgeting, cash management
Review the payment requests received from divisions and verify whether the requests are as per the budgeted amounts
Participate in the preparation of quarterly management reports
Preparing Financial Statement quarterly & annually
Prepare the ratio analysis report with the KPIs and the variances between targeted and actual KPIs
Assist the Finance Manager in the strategic and operational analysis
Treasury functions, including arranging specific / General line Facilities from Local and Foreign Banks
Renewal of Bank Facilities, arranging Letter of Credit Both Local & Foreign
Arranging Letter of Guarantee (O/D, L/C, & L/G)
Review and approve payment vouchers & journal entries
Develop and maintain internal control and effective accounting system & policies
Recruit, train and manage assistant accountants
Liaise with the external Auditors and respond to their queries
Preparing sales invoices & the upkeep of an accurate accounts filing system
Preparing Check for the suppliers and other expenses
Debtor and Creditor reconciliations
Preparation of various reports for Finance manager
Sales Analysis for the sale department to compare their performance with budget
Preparing invoice for submitting in Bank for Letter of credit
Calculating Vessel’s Demurrage for delay at ports
Coordinating with Auditors for carrying out Audit
Assist with accounts receivable and accounts payable
Monitoring Stock and Warehouses’ Movements
Participating in Annual Stock
This advanced diploma course is the Skills of the Fundamentals Level of Accounting & Finance Qualification. The purpose of the Qualification is to develop accounting knowledge and skills as well as professional values to build a successful career as a finance professional in any sector.
Cleared 9 out of 14 papers Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants offering the Chartered Certified Accountant qualification
The Bachelor of Commerce is a bachelor's degree in business management, accounting and economic fields.
The Accounting Technicians qualification equips candidates with skills and competencies to work as middle level accountants providing technical support in accounting, auditing and taxation.
initial qualification for commerece,Banking &finance