Financial Controller - MENA
Vestas
مجموع سنوات الخبرة :8 years, 5 أشهر
- Managing and controlling monthly and quarterly closings, routine journal entries and activities in SAP.
- Review the Trial Balance for the end of each month to ensure all accounts are shown in the right way.
- Preparation of the quarterly and yearly consolidated and standalone financial statements and facilitating audit of these accounts accordingly.
- Contributing to the group closing process and performing financial controlling for MENA region in the income statement, balance sheet and cash flow statement.
- Responsible for financial controlling of holding entities including but not limited to; trial balance
reviews up to submission and sign-off in BPC .
- Ensuring quality and timeliness in the Vestas' group financial reporting by leading workflows in the group closing process.
- Monitoring and balancing cash flows into and out of a business to meet obligations and optimize investment.
- Have a full control on the SOX framework, completing assigned control procedures, and supporting with specified SOX activities.
- Creating and monitoring company policies and internal controls, especially spending controls, to safeguard company assets and reduce fraud.
- Encouraging improvement in the financial reporting process across functions, countries, and organizational levels and engaging with various stakeholders throughout the world ensuring a smooth closing process and insights into the financials and business drivers.
- Identifying efficiencies and opportunities for cost reductions across the business.
- Managing VAT and WHT for All MENA region and ensuring compliance with local law, tax provisions and relevant industry and financial regulations.
- Maintain Fixed Assets Register, run monthly depreciation, prepare monthly, quarterly and yearly Fixed Assets schedules.
- Monthly reconciliation of fixed assets general ledger with fixed asset register.
- Managing cash inflow & outflow between Company’s bank accounts.
- Handling all tasks related to Letters of Credit & Letters of Guarantee.
- Responsible of General Ledger accounts (Employee Advance, pre-payment, VAT settlement and Rent Expense) and prepare month end closing journal entries.
-Preparing weekly bank reconciliations and monitoring day-to-day bank transactions.
- Performs GL reconciliation with sub ledgers monthly and at year-end closing.
- Reconcile inter-company accounts and communicate and resolve variance on month end and year end closing.
- Creates GL reports for management related to journal vouchers summaries, account analysis, period closing, trial balance and others as required.
- Maintaining proper records for insurance documents including property insurance, general liability insurance, personal accidental policy, money insurance, fidelity insurance, vehicle insurance.
- Ensuring that the relevant insurance expense entries are posted in the system on timely basis.
• Ensure that the company’s assets are tagged and physically verified on periodical basis.
• Monthly depreciation posting and reconciling fixed asset subsidiary ledgers to the GL.
• Assist with annual fixed asset impairment testing as needed
• Ensure that the CWIP is transferred to FA register in a timely manner.
• Preparing quarter schedules and reports of CWIP analysis.
• Prepares documentation and execution of asset disposals and transfers as per company policy.
• Ensure that all projects are delivered on time, within scope and within the budget.
• Ensure the projects meet deadlines.
• Ensure the FA register is updated in a timely manner for additions and disposals
• Prepare audit schedules and resolve audit issues identified by internal/external auditors and other fixed asset-related entry adjustments.
• Recommended more efficient fixed asset accounting procedures and policies.
o Manage full-cycle accounts payable, including receiving, processing, and verifying.
o Process 3 way PO matching invoices utilizing the designated Finance accounting system.
o Resolve invoice discrepancies and manage vendor issues.
o Trained new hires and made sure their "on boarding" process ran smoothly
o Reconcile processed invoices to ensure 100% accuracy by verifying entries and comparing system reports to balances
o Handled daily A/P processes, managed vendor/supplier relations; and oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions.