Bashar Al Hanini, CFM,CFC,CertIFR,CBCA,FMVA

Experience

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  Majed Enbeh and Yehya Ghousheh Co.

  Aug 2005 - Oct 2006

  Senior Accountant

  Retail Industry & FMCG• Maintain general ledgers, review, and approve all journal entries to ensure accuracy and proper recording in the system.• Review and approve all daily accounts activities to ensure correctness and compliance with company policies.• Responsible for preparing monthly bank reconciliations, ensuring accuracy and completeness.• Oversee and coordinate the monthly financial closing process to ensure all tasks are completed on time.• Review and approve monthly reconciliations for all accounts to ensure accuracy.• Collaborate with the logistics team to ensure deliveries to customers align with company internal controls and policies.• Review monthly payroll to ensure accuracy and compliance with company policies.• Manage and oversee all accounts related to company affiliates and branches.• Control and approve all petty cash expenses in compliance with company policies. Show less

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  Qubain Group

  Nov 2006 - Oct 2009

  Group Chief Accountant

  Furniture Industry ,Import and Export ,Projects & Contracting• Oversee accounts payable, accounts receivable, fixed assets, inventory costing, nominal ledger journals, clearing accounts, and bank reconciliation.• Ensure that all transactions are accurately recorded and comply with company policies and procedures.• Ensure adherence to international accounting standards in all financial processes.• Conduct month-end reconciliation for all clearing accounts and ensure timely closing of accounts.• Prepare monthly standard journal entries (JVs) for accrued expenses.• Oversee payroll processing, ensuring records are accurate and authentic.• Supervise cashiers, ensuring daily cash reconciliation aligns with company procedures.• Ensure petty cash handling complies with company policies.• Verify that all procurements, settlements, and fixed asset purchases are in line with the authority matrix.• Ensure incentive payments are processed in accordance with approved policies.• Ensure timely recording of transactions for period closures.• Oversee and confirm the reconciliation of accounts payable and receivable.• Prepare monthly bank and cheque reconciliations.• Prepare, check, and submit the monthly payroll and social security forms for employees.• Prepare and submit the company’s sales tax forms on a monthly basis.• Analyze company expenses and revenues to provide accurate financial insights.• Calculate and allocate costs related to letters of credit.• Prepare monthly income statements and balance sheets in coordination with the group’s financial manager.• Review and verify the accuracy of the monthly trial balance.• Manage accruals, prepayments, and advances in accordance with company standards. Show less

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  Voi Artis

  Nov 2009 - Oct 2012

  Financial and Administrative Manager

  Wood Manufacturing industry, Contracting, Design, & ProjectsCash Flow Management:• Prepare and monitor daily cash reports, including available funds and bank facilities, to ensure smooth company operations and mitigate financial risks.Financial Reporting IFRS:• Supervise the preparation and submission of financial statements (balance sheet, income statement, and cash flow) on both a standalone and consolidated basis, ensuring accuracy and timely submission each month.• Prepare and present detailed, accurate financial reports to senior management and the board of directors. Provide actionable insights and analysis to support strategic decision-making.Budgeting & Forecasting:• Lead the budgeting process, ensuring alignment with company goals. Oversee financial forecasting and resource allocations, adjusting as necessary to meet growth and profitability targets.Cost Control and Project Monitoring:• Continuously monitor and assess the cost to complete for each ongoing project, ensuring timely and efficient use of resources.• Prepare and review monthly variance analysis (budgeted vs. actual) for each project or production line to track financial performance and identify discrepancies.Risk Mitigation:• Identify and mitigate potential risks in all areas of the company's operations, ensuring the financial health and sustainability of the organization.Bank Facilities Management:• Oversee all bank facilities and manage associated exposures, including both funded and non-funded financial facilities, ensuring optimal utilization and risk management.Strategic Financial Planning:• Develop, implement, and monitor long-term financial strategies that align with the company’s broader business objectives, driving sustainable growth and profitability.Audit and Compliance:• Supervise and manage the company’s audit processes, ensuring full compliance with local and international financial regulations and reporting standards. Show less

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  Sipes

  Feb 2014 - Jan 2017

  Chief Financial Officer ( CFO )

  Chemicals, Paints Manufacturing, FMCG & Retail industriesCash Flow Management:• Prepare and monitor daily cash reports, including available funds and bank facilities, to ensure smooth company operations and mitigate financial risks.Financial Reporting IFRS:• Supervise the preparation and submission of financial statements (balance sheet, income statement, and cash flow) on both a standalone and consolidated basis, ensuring accuracy and timely submission each month.• Prepare and present detailed, accurate financial reports to senior management and the board of directors. Provide actionable insights and analysis to support strategic decision-making.Budgeting & Forecasting:• Lead the budgeting process, ensuring alignment with company goals. Oversee financial forecasting and resource allocations, adjusting as necessary to meet growth and profitability targets.Cost Control and Project Monitoring:• Continuously monitor and assess the cost to complete for each ongoing project, ensuring timely and efficient use of resources.• Prepare and review monthly variance analysis (budgeted vs. actual) for each project or production line to track financial performance and identify discrepancies.Risk Mitigation:• Identify and mitigate potential risks in all areas of the company's operations, ensuring the financial health and sustainability of the organization.Bank Facilities Management:• Oversee all bank facilities and manage associated exposures, including both funded and non-funded financial facilities, ensuring optimal utilization and risk management.Strategic Financial Planning:• Develop, implement, and monitor long-term financial strategies that align with the company’s broader business objectives, driving sustainable growth and profitability.Audit and Compliance:• Supervise and manage the company’s audit processes, ensuring full compliance with local and international financial regulations and reporting standards. Show less

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  Ottawa Contracting and Trading

  Apr 2017 - Jan 2022

  Group Chief Financial Officer ( G CFO )

  Heavy equipment rental, contracting, transportation, real estate, scaffolding, trading & Services.Cash Flow Management:• Prepare and monitor daily cash reports, including available funds and bank facilities, to ensure smooth company operations and mitigate financial risks.Financial Reporting IFRS:• Supervise the preparation and submission of financial statements (balance sheet, income statement, and cash flow) on both a standalone and consolidated basis, ensuring accuracy and timely submission each month.• Prepare and present detailed, accurate financial reports to senior management and the board of directors. Provide actionable insights and analysis to support strategic decision-making.Budgeting & Forecasting:• Lead the budgeting process, ensuring alignment with company goals. Oversee financial forecasting and resource allocations, adjusting as necessary to meet growth and profitability targets.Cost Control and Project Monitoring:• Continuously monitor and assess the cost to complete for each ongoing project, ensuring timely and efficient use of resources.• Prepare and review monthly variance analysis (budgeted vs. actual) for each project or production line to track financial performance and identify discrepancies.Risk Mitigation:• Identify and mitigate potential risks in all areas of the company's operations, ensuring the financial health and sustainability of the organization.Bank Facilities Management:• Oversee all bank facilities and manage associated exposures, including both funded and non-funded financial facilities, ensuring optimal utilization and risk management.Strategic Financial Planning:• Develop, implement, and monitor long-term financial strategies that align with the company’s broader business objectives, driving sustainable growth and profitability.Audit and Compliance:• Supervise and manage the company’s audit processes, ensuring full compliance with local and international financial regulations and reporting standards. Show less

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  Petroserv Limited WLL

  Feb 2022 - now

  Finance Manager

  Construction | Oil & GasCash Flow Management:• Prepare and monitor daily cash reports, including available funds and bank facilities, to ensure smooth company operations and mitigate financial risks.Financial Reporting IFRS:• Supervise the preparation and submission of financial statements (balance sheet, income statement, and cash flow) on both a standalone and consolidated basis, ensuring accuracy and timely submission each month.• Prepare and present detailed, accurate financial reports to senior management and the board of directors. Provide actionable insights and analysis to support strategic decision-making.Budgeting & Forecasting:• Lead the budgeting process, ensuring alignment with company goals. Oversee financial forecasting and resource allocations, adjusting as necessary to meet growth and profitability targets.Cost Control and Project Monitoring:• Continuously monitor and assess the cost to complete for each ongoing project, ensuring timely and efficient use of resources.• Prepare and review monthly variance analysis (budgeted vs. actual) for each project or production line to track financial performance and identify discrepancies.Risk Mitigation:• Identify and mitigate potential risks in all areas of the company's operations, ensuring the financial health and sustainability of the organization.Bank Facilities Management:• Oversee all bank facilities and manage associated exposures, including both funded and non-funded financial facilities, ensuring optimal utilization and risk management.Strategic Financial Planning:• Develop, implement, and monitor long-term financial strategies that align with the company’s broader business objectives, driving sustainable growth and profitability.Audit and Compliance:• Supervise and manage the company’s audit processes, ensuring full compliance with local and international financial regulations and reporting standards. Maintain up-to-date knowledge of relevant laws and industry standards. Show less