Clement Solomon Farhit

In addition to previous roles, additional responsibilities have included:

• Providing financial analysis and strategic recommendations to support business objectives.
• Analyzing and reviewing customer credit applications from business managers.
• Reviewing requests to release blocked transactions, and effecting release where warranted.
• Designing dashboards to track the execution of major contracts, as well as the progress of various growth projects.
• Designing, overseeing, and reviewing quarterly stocktaking processes.
• Preparation of draft statutory financial statements for external auditors.

My responsibilities included:

• Preparation of the annual budget (P&L, Balance Sheet, Cash Flow).
• Preparation of weekly, monthly, and quarterly cash flow forecasts for Group management.
• Migrate all ledger and subledger data from previous software (Sage and Ax Dynamics) to Microsoft D365.
• Preparation of the weekly flash P&L and liaising with business managers to provide comments on variances vs. budget.
• Monitoring of inventory and cost of sales costing within the front and back systems.
• Preparation of the annual budget (P&L, balance sheet, and cash flow).
• Monthly analysis of commercial margins.
• Monitoring the aging of receivables and inventory, as well as recommending provisions for impairment in line with company policy.
• Assisted in the preparation of monthly management accounts including balance sheet reconciliations.
• Evaluated collection reports to determine collections status and outstanding balance amounts.
• Performed detailed variance analysis between actual results against budgets and forecasts.

• Preparation of the weekly position report (overall position report) Profit & Loss
• Production of Weekly P&L and distribution of the same to the business and the group
• Monitoring of inventory and cost of sales costing within the front and back systems
• Preparation and review of monthly/quarterly budgets vs. actuals
• Monthly analysis of commercial margins
• Monitoring the aging of receivables and inventory, as well as recommending provision for impairment in line with company policy

• Performed substantive tests for complex and high risk accounts such as Impairment, Revenue and Management Override of Controls
• Drafted reports that summarize audit results for management review; made recommendations for improvements where necessary.
• Identified weaknesses of existing control systems and made suggestions for remediation.
• Managed and trained team members to enhance audit performance and increase efficiency.

• Assisted in the preparation of audit plans and strategies to effectively assess financial processes and controls.
• Performed analytical procedures and tests of details to verify the integrity of financial information.
• Prepared detailed workpapers documenting all audit evidence obtained during the course of an engagement.
• Performed tests of internal controls to assess the adequacy of existing systems and processes.

• Documented business processes of various clients to enhance understanding of entity and its environment
• Performed tests of controls and substantive tests

• Performed tests of controls and substantive tests