Finance Manager
Alshaya Enterprises
Total years of experience :20 years, 4 Months
-Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met
-Provide Financial reports and interpret financial information to managerial staff while recommending further courses of action
-Maintain the financial health of the organization
-Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans
-Develop trends and projections for the firm’s finances
-Conduct reviews and evaluations for cost-reduction opportunities
-Liase with auditors to ensure appropriate monitoring of company finances is maintained
-Correspond with various departments, discussing company plans and agreeing on future paths to be taken
-Collating, preparing and interpreting reports, budgets, accounts, commentaries and financial statements.
-Manage the preparation of the company’s budget
-Report to management on variances analysis
-Undertaking strategic analysis and assisting with strategic planning
-Controlling income, cash flow and expenditure
-Developing and managing financial systems/ models
-Carrying out business modeling and risk assessments
-Maintain banking relationships
-Interpret the company’s financial results to management and recommend improvement activities
-Review company bottlenecks and recommend changes to improve the overall level of company throughput.
-Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
-Assist management in the formulation of its overall strategic direction
-Oversee calculation of Zakat, VAT, WHT.
- Collaborate with CFO to prepare annual budget as well as develop Capital Budgeting and Investment analysis, allowing for better decision-making.
- Defined guidelines for verification, approval, and recording subcontractors’&suppliers’ invoices.
- Control purchasing, disposal, and sale of company Fixed Assets, overseeing entire Fixed Asset process.
- Support executive management in determining working capital, audit responses.
- Manage the company bank facilities (LCs, LGs, STL, PC Financing) to improve efficient and transparent operations.
- Ensured all financial policies and procedures adhered to compliance regulations.
- Develop and present highly accurate and useful cash-flow projections to best identify deficits in advance.
-Internal VAT advisory work, Monitor the monthly VAT filing, & Monitor the VAT systems.
- Oversee calculation of Zakat and payment of in-Kingdom taxes, limiting over- and under-estimation.
- Facilitate communication between staff and Board members through detailed reporting that informs key decision makers on vital company metrics and the results of initiatives.
- Prepared 5-year mid-range business plan that guided company vision and laid out methods for getting achieving goals.
- Monitor and supervise the monthly and yearly closing of GL
- Developed strategy in coordination with other Strategic Business Unit (SBU) functions and cities, such as aiding top management in planning SBU mergers and expansions in second quarter of 2015.
- Reduced Overhead through implantation of numerous cost saving measures.
- Led implementation of all modules of ERP system.
- Enhanced user access to key components of accounting system while providing coaching as necessary to address particular issues with staff, , in addition to reviewing and approving major financial transactions.
- Support management in risk assessment process and embedded risk management culture throughout organization.
- Assist CFO with periodic reports to audit committee explaining processes adopted and undertaken by management covering financial, operational, &compliance control.
- Prepare quarterly Board reports, including actual results &variations from budget.
- Review monthly results and implement monthly variance reporting as compared to budget.
- Build and Manage a comprehensive KPI’s (Financial & Business) in line with the company’s objectives.
- Create quarterly and yearly financial reports including standalone financial statements and consolidated Financial statements, as well as liaise with external and internal auditors in relation to financial matters.
- Assist CFO with financial reporting as required at board meetings and annual general meetings as well as provide advice to support decision making process.
- Implemented Strategic Planning department which analyzed company’s position and developed policies that would enhance performance and facilitate constructive communication between business units.
- Decreased excess materials purchasing and established plan to transfer excess to other projects by enhancing procurement policy.
- Reduced overhead through company shift to entirely automated HR processes.
- Led all Rabya business financial planning and reporting including business analysis and finance support to all SBUs to provide crucial data to key decision makers.
- Developed KPI’s for the SBUs and monitor performance on monthly basis.
- Headed enterprise forecasting process and performance tracking and analysis.
- Reviewed strategic and business plans in advance of implementation, making recommendation and finding flaws that might have otherwise been missed.
- Assessed feedback from other departments, integrating valuable suggestions into further recommendations.
- Designed Plan to share manpower resources between departments and projects, reducing labor costs.
- Oversaw preparation of pre-qualification and technical proposal to be used in bidding and evaluation.
- Increased inventory turnover and reduced dormant inventory by enhancing policy and procedure for SBU.
- Instituted policies and procedures capable of protecting the business resourcesagainst waste, fraud, and inefficiencysuch as no longer paying suppliers and subcontractors from petty cash and instating payment approval procedures for values above a certain amount.
- Established tight controls over cash transactions including setting workflow for verification and approval of expenses paid through the petty cash.
- Collected relevant data to enable finalization of budget and forecast proposals for profit and loss, balance sheet, and cash flow statements.
- Supervised stock-taking team that quarterly assessed company inventory to ensure accurate tallies.
- Improved accounting team capabilities, productivity, and efficiency by coaching staff in most effective approaches to operations.
- Key contributor to implementation and work flow of based Oracle ERP financial system.
- Developed and maintained financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash
- Prepared monthly Trial Balance Report, accounts receivable, accounts payable, Debit Aging analysis, and General & Administrative expenses.
- Maintained monthly banks, agents, and related parties account reconciliations.
- Implemented accounting module for Visual Dolphin system.
- Controlled fixed assets of factory.
- Initiated Excel Model to track and control cost of manufactured Product from raw material phase to finishing product phase.
- Audited facilities in Lebanon and abroad, finding discrepancies and seeking solutions when necessary.
- Utilized Visual Dolphin to initiate and process journal entries into various accounts.
- Prepared bank reconciliations, interest calculation, and controlled leasing contracts, along with performed all financial activities of L/Cs, LG’s.
I perform the duties of the customer's accounts, issue BSP, and work on FOX PRO., Prepare daily sales report., in addition to prepare financial statements.
Tutoring for Grade 9 & 10 " Math"
CMA
I am preparing my master thesis in financial management area., my GPA for all courses required including the research proposal is 2.7 Grade Good
I’ve prepared General diploma in graduated studies section business and finance, and I graduated with general grade “good”
I obtained my bachelor degree major business administration at the faculty of commerce and business administration, where I graduated with general "grade Good"