Financial Manager

Responsibilities

Planning, organizing, monitoring and follow-up: Organizing the work of the financial initiative and entrusting the accountants with the required work as follows:

• Head of Accounts: Preparation and registration of general accounts and issuance of audit balance.
• Customer Accountant: Prepare customer invoices and record collections from them.
• Supplier Accountant: Review supplier invoices with attachments and record payments to them.

Accountant of Banks and Treasury: Follow-up of the movement of banks and treasury.

• Cost Accountant: Calculate the cost of each product and the expense account charged to each product.

And. Warehouse Accountant: Preparation of additions and dues to and from warehouses, and preparation of a statement of stock balances and inventory.

• Collectors: collection of customers according to the dates agreed with them.
• Internal Auditor: Review all documents before submitting them to the financial manager.

2-Follow-up collection from customers according to the dates agreed with each client, and directing the collectors to work each and visit customers to solve the outstanding problems with them.
3- Participating in the pricing of tenders and preparing the financial offer for the tender.

• Payment of suppliers' dues according to the agreed payment dates, preparing a priority payment statement according to the cash available in the company and according to the importance of the supplier for the company, and scheduling the debts with suppliers according to available cash.

5 - Payment of bank dues - Management of credit facilities on the agreed dates and scheduling of debts with them and follow the movement of banks and their compatibility with the balance of the bank and prepare a bank reconciliation note to determine the available balance of disbursement, and follow-up to remittances to suppliers and transfers from customers.

6- Preparation of the estimated budget of the company each year and updated every 3 months if there is a difference between the estimated budget and actual and the comparison between the estimated budget and actual and identify the deviations between them and know the causes of deviations and solve them by analyzing the causes.

7- Prepare the financial statements of the company every 3 months (budget - income statement - cash flows) and submit them to senior management.

• Preserving the assets and properties of the company and opening statistical records to monitor the movement of fixed assets.

9 - Provide senior management suggestions and recommendations for the growth and development of work and increase profits.

10 - Paying the taxes owed by the company (value added - deduction and addition - labor gain - commercial and industrial profits) on their deadlines so as not to delay the payment of penalties for delay and scheduling of debts with the Tax Authority and installment them in case of lack of liquidity in the company.

11- Payment of the obligations of the company on the dates specified (salaries - rent - electricity - water - telephones - Internet ... etc.).

12 - Coordination with other departments of the company to determine their needs of financial facilities and services and provide these needs after submission to management and approval.

13- Issuing instructions to close the accounts before the end of the financial year, forming the inventory committees and preparing the approvals with banks, customers and suppliers.

14 - Conversion of the company entity from an individual institution to a joint stock company.

• Appointing an experienced legal accountant and good reputation, cooperating with him, submitting the required financial statements for auditing, submitting budgets for taxes on the dates specified by the state, and banks in case of applying for credit facilities.