Yahya Fattouh
Head of Financial Department at Arab Open University - LEBANON- Claim this Profile
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Bio
Credentials
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Verified International Academic Qualifications
World Education ServicesMay, 2021- Oct, 2024
Experience
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Arab Open University - LEBANON
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Lebanon
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Education Administration Programs
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200 - 300 Employee
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Head of Financial Department
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Jun 2021 - Present
• Establish and enforce proper accounting methods, policies and principles • Prepare expenditure and revenue budget with head of departments • Review budget on monthly basis and compare variances with management and head of department to present proper justifications. • Prepare financial statements on monthly, quarterly, and yearly basis (analyzing margins) • Follow up all financial data requested by internal and external auditors • Prepare report for top management regarding doubtful receivables (ageing) • Present bank status to top management for proper financial cash forecast • Implement various kinds of financial plans • Produce termly summaries of scholarship income received (from all sources) and scholarships paid/committed • Conduct risk management and recommend cost-effective solutions • Approve all accounting entries (GL-PV-RV) in addition to bank deposits and transfers • The operation of the purchase ledger ensuring that invoices are accurately recorded in the accounting system and that suppliers are paid within agreed credit terms. • Monitor various kinds of reconciliations • Ensure relevant accounting reconciliations (bank, intercompany, etc.) are carried out on a regular basis. • Control end of year book closing • Maintain strong working relationships with bankers • Monitor all tax declarations with senior accountant/accountant • Follow up with HR department regarding all students’ queries • Liaise with management to ensure all donations and grants are properly accounted for • The smooth operation of the monthly payroll and ensure that all relevant requirements relating to PAYE, etc. are complied with. • Update job descriptions for finance staff when needed • Hold monthly meeting of accounting staff • Take corrective measures for accounting staff that adds value to the department (staff training, staff rotation, etc…) • Any other duties as may reasonably be required and that fall within the scope and range of the job Show less
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K & A Machmouchi Pharma Holding
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1 - 100 Employee
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Accounting Supervisor
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Dec 2015 - May 2021
Prepare financial statements Review budget report and compare variances vs Actual in collaboration with commercial department Control and review staff salaries with HR department and prepare all related payroll accounting entries Prepare quarterly closing of Value Added Tax and Income tax Follow up and approve of data entries: Invoices, GL, Payables and Receivables Follow Up bank reconciliations Control and approve daily cash transactions, bank deposits and transfers Follow up with banks for FX transactions, LC issuance, hedging, and short term loans Review sales report and purchases in collaboration with commercial department Control suppliers’ accounts on monthly basis for due payments Follow up inventory on quarterly basis with the assistance of Store Manager Manage a member of staff in line with company’s policies and procedures Ensure financial policies are being adhered to as set out in the Company financial guidelines. Act as the first point of contact for the auditors Show less
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Senior Accounting Officer
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May 2011 - Dec 2015
Maintain main suppliers’ accounts with direct follow up with head offices Maintain customs agent current account, analyze invoices to ensure proper and accurate cost calculation of stock. Direct follow up with main suppliers’ Orders department concerning foreign orders. Direct follow up with main suppliers’ Shipping Departments. Approving pro-forma invoices, preparing & approving shipments, controlling due dates of goods received. Monthly issue of debit notes & claims for Bonus goods distributed on behalf of main suppliers’, claim of Expiry stock, Monthly issue of separate debit notes for commissions on transfer, tender expenses, expenses related to bonus invoices and free Medical samples goods expenses Proper follow up of tenders with the coordination of suppliers’ scientific office Issuing of invoices for tenders in their specific formats and monitor transfers from IFS-MOH-Lebanese Army and General security Assist Financial and Accounting Supervisor in preparing financial statements Manage a member of staff in line with company’s policies and procedures Ensure financial policies are being adhered to as set out in the Company financial guidelines. Prepare cash flow projections, review and plan cash outflow and investment activity. Follow up of bank guarantees and LCs. Forecast purchases of suppliers with the assistance of sales manager to ensure proper quantity are ordered to avoid shortage of goods. Show less
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Rida International Tourism
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Lebanon
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Hospitality
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1 - 100 Employee
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Financial Controller
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Oct 2010 - Feb 2011
Prepare monthly budget reports of the company Work on the development of the annual budget. Examine P/L variances, intercompany accounts and ageing. Ensure timely payment of debtors and invoicing of creditors. Ensure accuracy of compliance with accounting policies and procedures. Act as the first point of contact for the auditors, and communicate with them to ensure all questions can be answered Ensure all finance records are kept accurately and securely and in line with legislative requirements Attend supervision, team meetings, training and other meetings as required. Manage a member of staff in line with company’s policies and procedures Maintain effective working relationships with company’s external partners. Prepare monthly financial statements Ensure financial policies are being adhered to as set out in the Company financial guidelines. Initiate and document policies and procedures for the accounting and finance department for business control, preventing and avoiding risk exposure and potential auditing. Monitor various kinds of reconciliations and administer our local and foreign bank accounts Prepare cash flow projections, review and plan cash outflow and investment activity. Show less
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MOTHERCAT LIMITED
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India
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Machinery Manufacturing
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1 - 100 Employee
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Deputy Area Accountant
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Jun 2007 - Oct 2010
Prepared work-in-progress and turnover monthly report. Followed up of advanced payments, retentions, and advanced payment bank guarantees (as per contracts) Monitored performance and efficiency of more than 35 projects. Prepared and analyze financial statements and reports. Analyzed financial data, build financial models and present financial reports of projections Compared current financial performance with budgets, identify variances and recommend appropriate corrective action Prepared tax reports. Examined P/L variances, intercompany accounts and ageing. Controlled oversees purchasing. Pricing and competitor analysis Monitored various kinds of reconciliations. Supervised staff in Accounts Receivable including collections, Accounts Payable, General Ledger, Fixed Assets and Payroll. Initiated and documented policies and procedures for the accounting and finance department for business control, preventing and avoiding risk exposure and potential auditing. Prepared internal management reporting, monthly close, and day-to-day running transactions Performed inventory control on a quarterly basis. Show less
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Qatar Airways
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Germany
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Airlines and Aviation
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1 - 100 Employee
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Finance Supervisor
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May 2005 - Jun 2007
Controlled station cash and credit sales. Prepared station expenditure budget. Prepared monthly variance analysis - budget Vs actual Prepared financial statements. Ensured following financial policies and internal procedures. Monitored various kinds of reconciliations. Review banking facilities for the company and ensure in line with the company’s requirements Prepared internal management reporting, monthly close and day-to-day running transactions. Supervised staff in Accounts Receivable including collections, Accounts Payable, General Ledger, Fixed Assets and Payroll. Examined P/L variances, intercompany accounts and ageing. Researched & reported on financial factors influencing business performance Facilitated communication with the internal and external auditors. Drafted and enforced accounting policies and procedures in compliance with GAAP that provided the basis for all departmental budgeting. Created job and system descriptions through the design and documentation of accounting procedures. Show less
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MIDDLE EAST AIRLINES AIRLIBAN S.A.L.
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Lebanon
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Airlines and Aviation
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1 - 100 Employee
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Senior Accountant
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Apr 2003 - Apr 2005
Monitored worldwide stations’ cash and credit sales. Prepared reports for credit card sales in stations. Controlled billing of stations. Controlled billing with other airlines (interlining). Cross checked all agreements with airlines. IATA rules and regulations Monitored worldwide stations’ cash and credit sales. Prepared reports for credit card sales in stations. Controlled billing of stations. Controlled billing with other airlines (interlining). Cross checked all agreements with airlines. IATA rules and regulations
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Education
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Lebanese American University
Bachelor's degree, Accounting and Finance