Bahaa Fadel

As the Assistant Manager of the Finance & Accounting Team at a major international company operating in Iraq, I have developed extensive expertise in managing day-to-day financial operations, coordinating strategic plans, supervising work schedules, and leading communication with clients, suppliers, and governmental authorities.

Assistant Manager – Finance & Accounting at Hanwha, Iraq (2013-01 – Present)

As the Assistant Manager of the Finance & Accounting Team at a major international company operating in Iraq, I have developed extensive expertise in managing day-to-day financial operations, coordinating strategic plans, supervising work schedules, and leading communication with clients, suppliers, and governmental authorities.

• Creating systems' journal entry for the financial transactions.
• Analyzing the financial transactions & determining the adequate accounts engaged.
• Managing the advance outs/ins by preparing a related report as well as reflecting their status on the ERP system.
• Retrieving system data, analyzing them, specifying each payee group & the suitable type of payments.
• Holding reports of the cash in hand & bank balances and reflecting the overall balances in the Daily Financial Report.
• Setting & following the monthly payment plans.
• Managing the bank balances & conducting a bank reconciliation report on a monthly basis.
• Choosing the proper cash flow method that saves as much as possible of bank fees cost.
• Coordinating with the banks to keep the bank accounts updated & fully active all the time by providing the required update documents & information.
• Coordinating with the banks to conduct cash withdrawals, wire-transfers, etc.
• I prepare the staff payroll based on their monthly hours & calculate their due personal income tax & due Social Security contributions to finally set their monthly net salary to be paid.
• I follow up with the staff's social security contribution payments to the Social Security Dept. preceded by updating the staff employment status & reporting joined and/or quit workers.
• I set the monthly personal income tax reports to determine the monthly personal income tax installments to be paid to the Tax Service.
• I coordinate effectively between my senior managers & the local certified accountant to prepare the annual financial statements.
• Also, I participate in the process of collecting the staff data & IDs for the annual income tax forms submission to the Tax Service.
• Organizing tax amounts withheld from the supplier's invoices in lists, figuring the amount for each group & conduct the related tax payment as well as submitting the list to the Tax Service.
• Preparing the official correspondence in the form of letters or emails to various addressees like governmental sides, suppliers, banks, etc.
• Holding and archive & a record for the outgoing & incoming docs.
• Handling an archive for all types of documents related to the team's work.
• Verifying the suppliers' registration docs.
• Working as the teams contact point with the other teams, suppliers, banks, etc.
• Supervising the junior & newly joined staff.
• Setting policies & update to enhance the work flow.
• Conduct a case study for the problems & challenges faced on the course of work and find the best options & solutions in collaboration with my teammates.
• Due to my strength in English language, I play a major role in the interpretation & translation for my team's foreign manager in meetings, visits, phone conversations.
• Also, I provide a professional translation of the law articles & regulations related to the work in addition to the news & any other texts needed in the team's work.
• I look through the tax laws, social security laws, labor laws, etc. study them & translate them for my foreign teammates.

Bachelor's degree in English Language – University of Baghdad, College of Languages (2013-01)