Financial and Accounting services

A. Financial services

• Perform, supervise and coordinate the entire groups financial activity

• Aggregates financial data in relevant reports for the management such as: financial planning, cash flow, corporate transactions and income received, Asset  Valuation, tax calculations for realized and unrealized capital gains, budget execution, financial status of the company, indebtedness, financial status of ongoing projects

• Provide relevant proposals for improving financial parameters, tax advice, and effective methods for meeting the strategic objectives

• According to the tax position of the beneficiaries, we will optimize the maximum return

• Working in conjunction with the technical department to develop budgets and cash flows of projects

• Taking all measures necessary to obtain financing for the project development, including without limitation preparing all necessary documentation for the Investors, negotiating with the financing bank(s) and maintaining relationships and all communications

• Closely monitor the execution of the project budget and timing. Notify the beneficiary in due time and in writing any potential project delays

• Evaluate the eligibility and creditworthiness of the contractors and any other persons and organizations proposed

B. Accounting services

• Run accounting operations of the companies on a day-to-day basis

• Provide relevant reports/information to the finance department

• Manage and report cash inflows and outflows and reconcile all cash movements

• Draft and submit periodic statements, balance sheets to the fiscal authorities

• Represent the companies during the fiscal inspections carried out by the tax authorities

• Collaborate with the team of auditors for drawing up annual reports

• Actively cooperate with legal department by drawing documentation/reports prior to declaring any potential insolvency

• Provide information and actively cooperate with legal and financial departments and with judicial administrator/liquidator during the insolvency process

• Follow through company's customers and providers in order to solve financial matters whenever they occur (in relation to invoicing, payments, receipts)

• Maintain contact with the staff of the bank where the company's accounts are opened