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Manager Accounting

Location:
West Chester Township, OH
Posted:
January 05, 2020

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Resume:

Ghassan Said Khanfar

Address: **** **** **** ***, **** Chester, OH, 45069 – Mobile: +1-513-***-****

E-Mail: ada7q6@r.postjobfree.com

Catering / Media – Financial Management/Control Profile

~~~ “Sales Staff drive People to the Moon, My Job is to Deliver them Back to Earth Safely” ~~~

‘Exploring Leadership opportunities in Finance with globally reputed Investments, Real Estate, Media, and Catering organizations’

MBA (Finance), Bachelor of Commerce and Diploma in Computer Programming, with 28+ Years of multi-faceted International Exposure in Financial Managerial and Senior Accounting roles across diverse sectors…Track Record of Success in…

Investment Real Estate Media Catering Services Central Bank Reporting Capital Market Authorities

Executive Synopsis

Currently associated with. Al MATROOK Holding from October 2015 to September 2019

Al Ahfad Holding Company (Kuwait) as the Financial Manager from June 2006 to January 2016

A highly qualified Financial Manager or Controller with a prolonged experience in managing Finance, Internal Audit, Credit, Portfolios/Assets, and Accounting of Catering, Investments, Real Estate, and Advertisement organizations.

Proficient in managing Portfolio of Offshore Companies, apart from being the Financial Manager reporting to the Offshore Company Management on Financials, and conducting the Yearly Audits with the External Auditors.

An ardent believer and promoter of Economic Empowerment, Education, Environment, Poverty Alleviation, and Science & Technology.

Core Competencies in…

Auditing

Internal Controls

Accounting & Reconciliations

Budget Preparation/Analysis

Cash Flow

Internal Audits

Financial Risk

Financial Reporting

Financial Analysis & Planning

Strategic Planning

Investments

Business Planning

Managerial Finance

Fixed Assets

Cost Accounting

IFRS

Negotiations

Forecasting

Financial Accounting

Payroll

Variance Analysis

Cash Management

General Ledger

Valuation

Financial Modeling

GAAP

Cash Flow Forecasting

Asset Management

Financial Management

Accounts Payable & Receivable

Property Management

Book-Keeping

Contract Negotiation & Management

Funding

Mergers

Accruals

Academics

Master of Business Administration (Finance) Brooklyn Park University 2013

Backer C.P.A. Review Course July 1999 (6 Months)

Bachelor of Commerce Hailey College of Commerce, Lahore, Pakistan (Punjab University) May 1984

Diploma in Computer Programming Institute of Computer Programming, Lahore Pakistan May 1984

Recent Work Experience

Financial Manager – Al Matrook Holding Company, Kuwait: Oct 2015 to Sept,2019

Key Deliverables:

Monitoring daily Accounting & Finance functions, and generating Cash Flows & Cash Projections for the Management.

Drafting Balance Sheet and Final accounts along with the Central Bank Reports.

Overseeing the Finance Department that controls the diversified Corporate Operations.

Determining and formulating Policies to provide overall direction to Companies within the Guidelines set up by the Executive Management.

Planning, directing, and coordinating Operational Activities for Highest Management Levels, which tracking Department Activities in compliance with Management Plans/Policies.

Steering and coordinating the Company’s Financial & Budget Initiatives to fund operations and enhance efficiency.

Formulating Budgets for approval, including those for Funding & Implementation of Programs, Expansion Plans, etc.

Interacting with Executive Management & Staff Members to discuss issues, coordinate activities, and resolve problems.

Appraising operations to Evaluate Company & Staff Performance in meeting objectives, and determining areas of Potential Cost Reduction, Program Improvement, and Policy Change.

Guiding, planning, and implementing Policies, Objectives, and Activities of Businesses to ensure Continuing Operations, Maximized Returns on Investments, and Increased Productivity.

Maneuvering and coordinating the activities of Businesses or Departments.

Reviewing Reports submitted by Staff Members so as to recommend Approvals or suggest Modifications.

Organizing the General Assembly Meeting Requirements held each Financial Year.

Al Ahfad Have the following subsidiaries 1- Property Management – Prime 25 ( Dubai) 2- Ahafad General Trading ( Dubai) 3- Ahafad National Real Estate Co.( Kuwait)

Earlier Work Experience

Financial Manager – Kuwait Pearls Catering Company, Kuwait: Aug 2012 to Oct 2013

Key Deliverables:

Reported to the Top Management and Head Office in Saudi Arabia (Tammimi Global Head Office), and handled 6 Staff.

Generated Cash Flows & Cash Projections for Management, and developed Financial Statement & Analysis Reports for the Top Management.

Developed Budgets for approval, including the ones for Funding & Implementation of Programs, Expansion Plans, etc.

Provided aid to the Board in Sourcing Prospects for Future Income via Analysis of Financial Trends and Possible Gaps in the Market or Potential Opportunities.

Monitored the Income, Cash Flows, and Expenditures, to assist the Fund Operations, and Increase Efficiency.

Drafted and implemented the Tender Doc for the Management of various Company Investments or Capital Reserves.

Generated Long-term Business Plans and formulated Policies, to provide an overall direction to companies as per the Guidelines set up by the Executive Management.

Developed the Balance Sheet & Final Accounts, apart from the Central Bank Reports.

Managed the Finance Department overseeing the various Corporate Operations.

Planned, directed, and coordinated Operational Activities for the Highest Management Levels, and scrutinized Department Activities in adherence to Management Plans/Policies.

Steered and synchronized Company’s Financial & Budget initiatives so as to Fund Operations, and Increase Efficiency.

Interacted with Executive Management & Staff Members to discuss issues, coordinate activities, and resolve problems.

Appraised operations to assess Company & Staff Performance towards meeting of objectives and to determine areas of Potential Cost Reduction, Program Improvement, and Policy Changes.

Directed, planned, and implemented the Policies, Objectives, and Activities of Business to ensure consistent operations, maximize returns on investments, and to increase productivity.

Guided and coordinated the Business or Departmental Activities, and reviewed Reports submitted by Staff Members to recommend Approvals and suggest Changes.

Arranged the General Assembly Meeting Requirements each Financial Year.

Acted as the Risk Management Coordinator as per the requirements of the Capital Authority.

Verified the Company Tenders with the Tender Department, and managed Company Accounts at several Locations.

Followed up and verified the Stores of overall Tenders assigned to the Company, and finalized the Payroll of 1300 Staff.

Coordinated with the Head Office at Saudi Arabia for the Company Business, while mediating with Top Managers there.

Massaleh Investment Company, Kuwait: Mar 1985 to Jul 2012

Career Progression:

Massaleh Investment, Massaleh Media Holding, and Al Ahfad Holding Co., Financial Manager: Aug 2005 to Jul 2012

Massaleh Investments Co., Internal Auditor: May 2001 to Aug2005

Al Ahfad Holding Company,Kuwait:May2006 to jan2016

Massaleh Investment, Assistant Credit Manager: May 1999 to Apr 2001

Massaleh Investments Co., Senior Accountant: Mar 1985 to Apr 1999

Massaleh Real Estate Co., Senior Accountant: 1989 - 1997

Massaleh Investments Co., Portfolio & Asset Management: Mar 1985 to June 2008

Key Deliverables as Financial Manager:

Monitored daily Accounting & Finance division operations, generating of Cash Flow & Cash Projection for Management, drawing Balance Sheet & Final Accounts with Central Bank Reports.

Managed Finance Department activities overseeing Corporate Operations, formulated Policies, and provided overall Direction to Companies within guidelines laid down by the Executive Management.

Planned, directed, and coordinated Operational Activities for the Highest Management Levels, and scrutinized Department Activities in adherence to Management Plans/Policies.

Piloted and coordinated the Company’s Financial & Budget Initiatives to fund operations and enhance efficiency.

Developed Budgets for approval, including the ones for Funding & Implementation of Programs, Expansion Plans, etc.

Interacted with Executive Management & Staff Members to discuss issues, coordinate activities, and resolve problems.

Appraised operations to assess Company & Staff Performance towards meeting of objectives and to determine areas of Potential Cost Reduction, Program Improvement, and Policy Changes.

Directed, planned, and implemented the Policies, Objectives, and Activities of Business to ensure consistent operations, maximize returns on investments, and to increase productivity.

Guided and coordinated the activities of the Businesses and various Departments, and reviewed Reports submitted by Staff Members so as to recommend Approvals or to suggest Modifications.

Presented reports to Central Bank of Kuwait on Monthly/Quarterly Company Financials along with the Credit Facilities.

Acted as the Risk Management Coordinator as per the requirements of the Capital Authority.

Developed reports on Company Financials for the Capital Market Authority in compliance with related rules.

Offered reports on Company’s Year-end Financials to the Central Bank, while arranging the General Assembly Meeting Requirements for each Financial Year

. Prepares special reports by collecting, analyzing, and summarizing information and trends.

Complies with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions.

Ensures operation of equipment by establishing preventive maintenance requirements and service contracts; maintaining equipment inventories; evaluating new equipment and techniques.

Completes operational requirements by scheduling and assigning employees; following up on work results.

Maintains financial staff by recruiting, selecting, orienting, and training employees.

Maintains financial staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.

Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.

Protects operations by keeping financial information and plans confidential.

Maintaining Financial models & Reports for the events and New projects

Key Deliverables as Internal Auditor:

Reported to Chairman & Managing Director and the Board of Directors.

Implemented the approved Audit Plans, even as verifying compliance of Management with the Companies’ Policies.

Evaluated the efficacy and efficiency of various systems, procedures, and controls applied, while suggesting changes to safeguard the Company Assets & Interests.

Devised plans for Audit Assignments, via development of Audit Programs, execution of Approved Audit Programs, execution of Approved Audit Plans, while executing Work Program within Time Budget, Existing Controls, Procedures, and Work Practices.

Spotted Control Weaknesses, Risk Areas, Wasteful Work Practices, and recommended apposite Improvements.

Liaised with Company Staff & Management at all levels for obtaining necessary Information & Clarifications for Audit.

Assured the meeting of Audit Objectives via development of Internal Audit Reports.

Key Deliverables as Assistant Credit Manager:

Offered support, direction, and credit information, while assuring overall Quality of Company Loan Policies & Procedures Lending Portfolio.

Provided recommendations to the Executive Management and the Credit Committee for Monthly Allocations to the Loan Loss Reserve.

Reviewed, approved, and declined Large & Complex Loans prior to Submission to Loan Committee, while participating in several Committees involved in the Company Management.

Visited the Customers periodically at their offices, plants, and project sites, for tracking Developments, in search of New Business from the Existing Customers, in addition to Prospecting for New Customers.

Utilized all possible Communication Channels to gain direct knowhow of the Customer Operations and to assess their Performance.

Coordinated with the Credit Organization, to set out the Terms, Conditions, and Credit Rationale for all New Business Opportunities to ensure Completion of Documentation pertaining to the Credit Facilities.

Controlled and followed up on Limits in Excess or Matured, and Past Due Credits with a view to ascertain accurate Management of Credit Facilities.

Performed consistent Revision of Account Relationship Plans to enable Assessment & Reassessment of Customer Needs and Credit Guarantees along with related Marketing Plans.

Monitored Internal & External Account Relations, published Information, Statistical Reports, and Profitability Reports, and performed Back-up Functions for the Designated Accounts.

Developed Annual Budgets for the Designated Accounts, and monitored possible Deterioration in the Financial Position of the Customers.

Participated in Deals involving close cooperation with the Customers and other Financial Institutions.

Partook in the Credit Committees via submission of various Recommendations.

Key Deliverables as Senior Accountant:

Gathered exposure across various Accounting arenas, encompassing financial exposures and accounting procedures.

Posted the Accounting Entries, apart from drafting Trial Balance, Income Statement, Profit & Loss Statement, and Balance sheet.

Produced Analytical Reports of Financial Statement, even as handling Payroll, Employees Leaves, and Indemnities.

Posted various Accounting Records manually via usage of Computer Accountancy Software packages.

Monitored Investment Portfolios among major Accounting Duties including the preparation of Journal Voucher.

Evaluated Client Assets, while reporting to Management & Portfolio Clients, following up on Local Stock Market Trends.

Key Deliverables in Portfolio & Asset Management:

Managed the Company’s Local & International Clients Portfolio Funds.

Performed daily Transactions for Customer Contracts & Reports coordination with Local & International Customers.

Dealt with Portfolio Fund Managers, and calculated the Management Fees on timely basis, while managing funds for the Offshore Companies managing their Accounts.

Handled the Offshore Companies Fund Management, while managing 3 Off-shore Companies’ Total Assets worth 200 to 300 Million Dollars, mostly there dealing with Morgan Stanley, Merrill Lynch, and Goldman Sachs.

Monitored the Finance Department monitoring daily Portfolio Transactions between Traders dealing in all Accounting Processes for recording Transactions as per International Accounting Standard sections.

Conducted daily, weekly, and monthly Revaluations and Follow-ups on booking all Transactions with the Finance Team.

Issued Financial Reports to the Top Management on the Offshore Companies’ Portfolios Activities, while distributing Profits among Partners based on the Company Profit.

Other Previous Assignments

Al Seham Promo Seven Co. (Advertisement Co.), Senior Accountant: Jan 1992 to May 1993

Massaleh Real Estate Co., Senior Accountant: 1989 to 1997

Kadma Publishing Co. (Subsidiary of Massaleh Co.), Accountant: 1987 to 1990

Trainings

IFRS Ernst & Young 2006

IFRS & IAS INTERNATIO 2005

Financial Modeling (Using MS Excel) INTERNATIO 2004

Trading of Option/Calls/Swap 2004

Internal Audit INTERNATIO 2003

Companies Asset Analysis KAFAS 1996

Technical Expertise

Computer Packages : Lotus, MS Office (Excel), WinWord, Windows, etc.

Accounting Packages : Mainframe (Cobol Language) & (Debase 111 Plus)

Evaluation of Accounting Software Packages

Personal Dossier

Languages Known : English & Arabic

Marital Status : Married

Passport Details : L283258 – Valid till 19/04/2016

Visa Status : Expiry on 19/12/2015

Nationality : Jordanian, American permanent Resident

Location Preference : Kuwait / Saudi Arabia (Dammam /Jordan)

~ References Available upon Request ~



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