FINANCIAL & ACCOUNTING Consultant
Freelance
Total des années d'expérience :32 years, 7 Mois
FINANCIAL CONSULTANT on demand for SMEs
Corporate and Managerial Finance, Taxation and Accounting services
▪ Business Plans preparation for raising capital investments and Financial Security Applications
▪ Banks’ relations including negotiating loans & financing projects.
▪ Internal audit of business processing, Cash Flow, Budget preparation & control, Financial forecasting
▪ Management of accounts, interpreting financial data and all other areas related to financial reporting
▪ Software implementation (SAP one, Oracle e-Business suite ERP, Socrate ERP and Dolphin)
▪ Implementation of Payroll processing according to Lebanese laws, initiating excel modules or implementation of software if available mainly SETS, Socrate HR & payroll module and Dolphin payroll.
▪ Audit and Prepare all fiscal declarations & periodical Filing for taxes (VAT, R10, R5, R6, R7, Corporate tax declarations).
Mar.15-June 17 ACCOUNTING & FINANCE MANAGER Major regional aluminum/glass manufacturers & subcontractors;
Introduced the culture of cash-flow in the company and Trained managers and head of departments in the arena of budget & cash-flow which enhanced the financial position of the company and reduced the overdraft from millions to thousands in less than two years
Implemented major cost cutting strategy which boosted the performance of the company with 250K reduction on the monthly payroll & enhancement of the order management process where I got involved in closing major procurement deals with more convenient conditions leading to better DPO.
Worked closely with the CEO & PMs on receivables by stressing on collection and creating better credit policy to meet with the company’s business, set up regular meetings with operations in order to communicate operational needs, goals and vision. Result: in less than a year the DSO reduced from over 120 to the range of 30-60 Restructure AR & AP departments and enhance existing company internal (credit and cost) control systems. Result: in AR, the numbers of aged AR accounts were reduced 60%; in AP a new Vendor assessment program was introduced.
Negotiated existing agreements with banks’ and got between 0.5 & 1 points reduction on interest rates, used the existing collateral for issuing additional 20% value of LCs & LGs.
Established first consolidated financial statements according to IFRS for two holding companies
April 2013 - February 2015: Accounting Manager
UNIGAZ GROUP
Leading the accounting team
Liaised with auditors E&Y for preparation of group’s policies & procedures
Preparation and presentation of consolidated financial statements
Assisted management and HODs for interpreting financial & operations data
Audit and Prepare all fiscal declarations & periodical Filing for taxes
Launched issuing Invoices/Receipts through handheld devices which have been left in boxes for four years.
2012: Finance Manager (9 months’ project)
MAATOUK FACTORIES
Adjusted and verified the cost formula in alliance with BOM and created a format that assisted in the estimation of precise cost for quotations.
Enhanced the accounting cycle to match with production software for clearer vision of the company’s actual profitability for each quote.
Liaised with VAT inspectors’ and refurbished required documents and data for auditing VAT declarations submitted seven years ago especially import & export transactions.
2011: Accounting Manager (One-year project)
TEWTEL GROUP “Distributors of Honda & Range Rover”
Established chart of accounts complying with VAT requirements.
Applied adjustments on existing trial balance enabling reproducing the end of year statuary fiscal declaration using OSCAR application.
Elaborated a template document for automatic reconciliation of VAT declaration before submittal.
2010: Budgeting & Reporting Manager (6 months’ project)
DSL GROUP “Distributors of NIKE & Converse in the MENA”
Dec 05 till JuLY 10 Financial Manager
Malia International, Leadline, Malia CTI & Al Mared for commercial Agencies
"4 Branches in Iraq", Affiliates of Malia Group
Company Industry: Consumer goods industry; Job Role: Finance; Reports to: Chairman, G.M. & P.M.;
No. of subordinates (22)
A multinational group that is diversified between manufacturing & distribution of cosmetics & pharmaceutical products, distribution & marketing in the cigarette business, retail in the apparel & food business, construction (mainly in Iraq), IT and Low Current, . (Main partners: P&G, Wella Professional, Merck, Pierre Fabre, Phadisco, Swisse, BAT, Mariella Burani )
MAIN DUTIES & RESPONSIBILITIES
• Ruling remotely one of the Major Contracting Companies in Irbil-Iraq plus a distribution company with 4 branches across Iraq• Reviewing capital expenditure projects•Managing a team of five assistants in Beirut and managing remotely 17 elements in Iraq (On sites team "contracting division" & distribution co. team/4 branches) •Calculation and analysis of NPV and IRR returns on projects•Preparation of monthly management accounts•Preparation of year end statutory accounts•Liaising with auditors•Analysis and commentary on variances (Actual V's Budgeted) •Quarterly budgets and forecasts•Systems development - constant improvement of IT routines•In charge of bank relations including negotiating loans & financing projects.
ACHIEVEMENTS
•Responsible for initiating template document for analysis of all capital expenditure projects
•Ad hoc projects - assisted in categorizing company's sales for sales/category/brand analysis for major shifting of marketing strategy applied & implementing major cost cutting Program.
Oct 04 Nov 05 Financial Controller
Divesta Group Holding s.a.l
Beirut, Lebanon; Company Industry: Trade Distribution, ISP, VOIP & Security consultants; Job Role: Finance; Reported to Board of Directors; No. of subordinates (7)
MAIN DUTIES & RESPONSIBILITIES
•Complete setup of accounting system & processing including auditing of three years statements along with preparation of Fiscal Declarations.
Dec 03 Jul 04 HEAD Of ACCOUNTING DEPT
The Platinum Tower s.a.l
Company Industry: Real Estate; Job Role: Accounting & Finance; Reports to CEO & Project management company
MAIN DUTIES & RESPONSIBILITIES
Business start-up cost accounting system; Assisted in choosing the accounting software, developed and carried out the GL Functions including account analysis and reconciliation, journal entries, and AR/AP.
OCT 98 NOV 03 CHIEF ACCOUNTANT
Arabian Construction Company Group
Company Industry: Construction; Job Role: Administration, Accounting & Finance; Reported to: Financial Manager & GM
No. of subordinates (ranged between 10 & 15 elements)
MAIN DUTIES & RESPONSIBILITIES
• Cost Accounting and Administrative Management: Managed all cost & financial accounting plus most administrative functions for a complex generating revenues of $30M to $45M annually•Credit suppliers and Lease Contracts: Processed credit applications, reviewed credit reports for up to 100 suppliers per year•Follow-up Subcontract Accounts: Managed subcontract interim payment certificates; and gave final approval for settlement of due payments• Preparation of Internal Reports (Monthly and Annual): Cash Flow, Budget, Profit & Loss, Balance Sheet (by sector & consolidated) • Controlling Cost accounting Daily Works & Journal• Auditing journal of Affiliated Companies & Subsidiaries• Controlling Cost Accounting work of overseas branches; Saudi Arabia, Syria, Egypt & Algeria• Preparation of Closing Trial balance; Record & Post adjusting entries at end of period•Preparation appropriate forms of Business Papers•Liaising with External Auditors•Preparation of periodical Tax Declarations for all the group companies;VAT;Employees and Freelance;Income Tax.
APR 96 SEPT 98 ACCOUNTANT & ADMINISTRATIVE ASSISTANT
Kobeissi Trading Co. sarl (Export & Import)
Company Industry: Retail/Wholesale; Job Role: Accounting; Reported to: GM & External Auditors; No. of subordinates (2)
MAIN DUTIES
•Managed all aspects of Accounts Payable, Receivable, Stocks & Cash. Trained office personnel to follow standard accounting practices•Received recognition from company president for outstanding performance and attention to detail.
FEB 93 Mar 96 BOOKKEEPER
ZAK International for Decoration & Furnishing, AEG Hardware (Agents for ATLAS COPCO Hardware)
Company Industry: Subcontracting; Job Role: Accounting; Reported to: General Manager & External Auditors
MAIN DUTIES
•Performed full charge bookkeeping and account management, assembled documentation for year-end audits, and responded to auditors' inquiries.
AUG 91 Jan 93 ACCOUNTANT
F.H Group Consultants & Auditors sarl
Company Industry: Accounting/Auditing; Job Role: Junior Auditor
MAIN DUTIES
•Frequent visits to Clients for audit control on all books & accounting entries especially, Cash Account Movement, Banks' Reconciliation, Accounts payables & receivables•Helped in building a system for cashier that maintained continuous control on In/Out cash movement especially for family business•Build-up special procedure for management of L/Cs, Accounts Payable/Receivable and Banks' reconciliation in-addition to many other internal control procedures.
AUST American University of Science & Technology, Lebanon MBA Finance