Project Finance Manager
Fircroft Arabia
Total years of experience :10 years, 11 Months
Controllership:
• Develop and ensure implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, tax and/or payroll in agreement with the top management.
• Prepare and supervise various financial statements and reports.
• Drive the budget and revision processes, by delegating responsibilities to budget controllers and coordinating with other departments on information requirements.
• Drive month end closing by analyzing trial balances, researching general ledger activity and variances to budget and prior year.
• Direct the maintenance of general and intercompany JV ledgers, accounts receivable & payable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
• Ensure all finance records are kept accurately and securely and in line with accounting and legislative requirements such as ZATCA & MOL standards.
Financial Analysis:
• Provide detailed monthly operating results and variance analysis reports analyzing main variances with latest revision, budget and previous year and as required by the business.
• Prepare P&L projection, analysis of financial viability of new investments and budget follow-up.
• Monitor the cost structure of the companies’ business units and prepare business profitability analysis.
Internal Controls and External Audit:
• Lead the implementation of applicable internal control procedures to verify the integrity of all financial information, ensure and maintain historical records.
• Establish system controls for new financial systems and develop procedures to improve existing systems.
• Prepare external audit materials and external financial reporting.
• Liaise with external audits involving review of accounting and administrative controls.
• Direct the installation and maintenance of new accounting, timekeeping, payroll and other related procedures and controls.
Account Receivables:
• Verify and post all invoices in the software to ensure that correct and valid billing value is processed.
• Following up with clients for due invoices.
• Prepare and endorse monthly statement of accounts to clients for the purpose of getting confirmation on outstanding balances.
• Ensure collection of remittance advices from clients and recording monthly collections by recording journal entries.
• Meeting with clients over disputed invoices to avoid late payments and bad debts.
• Monthly meetings with Account Managers on the basis Aged Debt Plan to ensure affective and efficient Cash Flows.
• Prepare and reconcile receivables balance reports for audit purpose.
Account Payables:
• Responsible for processing Company’s Payroll by ensuring the accuracy of the computation regarding payroll, incentives and deductions based on Timesheets and Approvals from Line Managers.
• Approving and processing Final Settlements for finishers as per Saudi Labor Law.
• Validate and post all payroll, expenses, vacation, end of service provision transections.
• Responsible to verify Vendors’ invoices & its timely payments on the bases of agreed payment terms.
ERP Software using: Microsoft AX Dynamics (D365)
- Submission of following reports to Finance Manager
• Sales & VAT Reports; Forecast Reports for Sales and Collections.
• Collections, Aged Debt, and Accounts Receivables reports.
• Bank and Intercompany Reconciliations.
• Accounts Payables reports (Vendors & Payroll)
• Managing journals, ledgers and company’s financial statements.
• Preparing Profit and Loss, Balance Sheet and Cash Flow Statements as per deadlines provided by Finance Manager.
• Managing company projects/events and costing of those projects/events.
• Management of petty cash and other routine expenditures of company.
• Managing employee’s payroll, quarterly bonuses and End of Service Benefits.
• Creating quotations, verification of PO's and issuing invoices based on PO's to customers.
• Contact to Banks, managing and oversee contracts and bank reconciliation statements.
• Reconciling different complex ledgers as required by Finance Manager.
• Managing vendors and make sure their payments are being processed as per agreed terms.
• Managing Debtors and Creditors accounts to ensure correct balances is being shown in Trial Balance and payments and collections are being recorded on time.
• Preparing and updating, weekly and monthly aged debt reports to make sure
• Creating monthly, quarterly and yearly error free accounting and financial reports to control and managing company budget.
• Analyze complex reports for management.
• Prepare and submit VAT reports.
• Accounting software used: Quickbooks
• Management of ledger accounts and preparation of financial statements.
• In depth analysis on the base of financial statements and financial ratios.
• Communicate with suppliers and maintain their records about the delivery of materials.
• Maintain routine reports and file records of sales of finished goods and purchase of raw materials.
• Maintain inventory record of work in process and finished goods.
• Contact to different Banks and managing bank reconciliation statements.
• Petty cash management.
Various assignments carried out during my training
Accounts and Finance
Accounting, Commerce, Banking and Economics
Education-