Bachar Koutrach Email & Phone Number

Brossard, Qc, Ca

Canada

Canada

Montreal, Quebec, Canada

Jeddah, Ksa

Major Accomplishments:- Assigned external auditor; completed audited financial statements for the financial years: 2012 through 2015- Negotiated and acquired bank facilities to improve company financial leverage: LC’s, LG’s, working capital financing and projects’ invoices financing- Implemented new accounting software, applied cost centers and inventories structure; built a full managerial reporting structure to be presented to the senior management- Negotiated company contracts’ terms and conditions, developed a full understanding of the project environment to enhance the company operations, acquired significant exposure in managing project plans & budgets across various project phases- Deputed to manage subsidiary trading company (Diamond Shape Trading - DST) involving planning operations, estimate sales and expenditures, negotiating distribution agreements, prices and payment termsAccountabilities:- Playing key role in managing accounting operations, and interacting with local & international partners for enhancing company operations- Assisting team members in preparing project financial plans & budgets, conducting variance analysis, and identified financial bottlenecks to insure smooth processes - Responsible for the financial performance of the organization; and assessing financial statements to verify that financial goals have been met, monitoring and controlling budget spends- Evaluating organizational financial health for designing strategic and long-term financial plans. Maintaining fund availability for investment by assessing cash flow position and forecasts- Generating and presenting various reports to the senior management team and other stakeholders to enable effective decision making

Damascus, Syria

Major Accomplishments:- Represented the finance division in Massar Executive Management Team (EMT) meetings pertaining to development of project strategic plan and preparing mid-term budget forecast- Combined the efforts of project operational team to set clear project objectives; resulted in associating non-financial deliverables of the projects’ activities with financial measures - Participated in analyzing project spending and revaluating overhead; which resulted in reducing annual fixed cost by 8% - Developed financial tools used in financial reporting, analyzing expenditures, and monitoring cost variances; resulted in reducing monthly-end reporting period from 6 to 3 days - Cooperated with operational team members and departments head in developing realistic budget which resulted in reducing total expenditures variance from -%18 to -%4 (2010)Accountabilities:- Participated in setting up the finance division’ strategy and annual activity plan; as well as conducting biannual budget review of the midyear results which enabled effective decision making- Guided team members in preparing monthly progress reports (financial statements, variance analysis reports) on various project activities- Followed up with external audit (KPMG) based on organizational policies and statutory regulations- Worked closely with operational team to develop consolidated annual budget, monitor spending, perform midyear budget review and submit it to top management for approval - Participated in reviewing and updating current policies to enhance the control function within the organization; in addition to spread financial awareness across departments by delivering training to non-financial employees

Damascus Syria

Major Accomplishments:- Developed and controlled “Monthly Financial Closing Policy” resulted in decreasing monthly closing period - Built a new accounting structure reflecting the development of the company structure; which resulted in leveling up managerial reporting process- Appointed to reevaluate company expenditures in the aim of reducing overhead costs, resulted in delivering - with cooperation with related departments - the appropriate policies including: travel policy, cars expenditures policy, training policy, CAPEX policy- Reconciled various old accounts (sister companies, suppliers, clients, fixed assets), resolved pendings, achieved zero differences within 3 months (during 2005), and created file to control accounts on monthly basesAccountabilities: Supervised the accounting function (GL, AR, AP, CAPEX) of the company, combined the efforts of the accounting team to achieve the stated objectives of the department; mainly related to monthly closing, controlling, and reporting Checked and controlled company purchases of raw and packaging material (approximately 20 million USD annually), and calculated imported finished goods cost- Analyzed monthly production, controlled costs, and reported variances by brand/SKU to the senior management; which supported taking prompt decision making; including corrective actions- Reviewed A/R and A/P accounts on monthly basis, retained needed reconciliations, analyzed and reported clients / suppliers aging to senior management, resulted in maintaining company working capital ratio within acceptable range- Ensured compliance to external and internal audit requirements. Interacted with various departments for effectively maintaining audit recommendations

Damascus, Syria

Damascus, Syria

Kuwait

Master, Financial Management, 82/100

Bachelor'S Degree, Business Administration, 70.81/100