Financial Analysis Senior Manager
Al Nahdi Medical Company
Total years of experience :17 years, 8 Months
Turnover: 7 Billion SAR; Employee Strength: 9000+; Stores: 1000+
Designation Timeline:
• April 2013 - Present: Financial Analysis Senior Manager
• Mar 2010 - Mar 2013: Financial Analyst
Major Accomplishments:
• Developed Network Optimization policies & procedures and co-leading the execution of Network Optimization Projects.
• Deployed activity based costing system for the Supply Chain Department to allocate overheads using appropriate cost-drivers.
Key Responsibilities:
• Overseeing annual corporate budget preparation in alignment with corporate objectives, departmental requirements and cash flow schedules.
• Supporting financial closing and preparing financial statement disclosures for interim & annual financial statements.
• Assuring accuracy & effectiveness of corporate accounting consolidation and closing process through in-depth analytical reviews and trend analysis.
• Analyzing profitability inclusive of sales, margins and operating expenses on per store basis
• Developing and safeguarding network optimization policies & procedures, leading network optimization projects and evaluating proposals linked with new openings, rent renewals and expansions through financial modeling and due diligence efforts.
• Driving capital budgeting decisions through feasibility studies and analytical tools (NPV, IRR and Payback)
• Presenting recommendations to the Management Committee regarding closing down of stores that could not recover their fixed costs and turning around stores that are not performing to their potential.
• Enhancing performance monitoring & control through the automation of financial reporting through coordination with relevant business units.
Business Modeling:
• Developing business/ financial models to support business decisions, strategic initiatives, revenue planning and forecasting for co-geographies & products.
Performance Review:
• Preparing quarterly management financial reports covering performance indicators, trends and causes of significant variances and providing clear, concise & timely analysis & recommendations.
• Developing financial & operational KPIs and assessing current & past trends in key performance indicators across revenue, cost of sales, expenses & capital expenditures; making valuable contributions in special projects for cost optimization or process improvement.
• Tracking OPEX and CAPEX on a monthly basis and assuring alignment with the approved budget and performing ad-hoc reporting and analysis as required.
Strategic Business Partner:
• Preparing ROI projections for new projects and coordination their execution in a cost-effective manner.
• Outlining potential opportunities and associated risks for new projects through collaboration with operational teams (SWOT Analysis).
• Creating financial awareness across all levels of management through regular trainings & workshops.
Systems / Policy Making
• Supporting optimal usage of Business intelligence & Hyperion.
• Developing P& P for specific financial issues in a business line and aligning SOPs with best practices.
• Developing and analyzing scorecards, dashboards and metrics and helping capture irregularities in business units and variances in sales, costs, and CAPEX investment
Turnover: 24 Million SAR; Employee Strength: 100+
Major Accomplishments:
• Performed SWOT Analysis of all departments to identify gaps between the existing & expected service levels and drafted action plans to eliminate inefficiencies and enhance performance.
• Coordinated development of the Finance Department inclusive of organization hierarchy, reporting structure, policies & procedures, chart of accounts and costing system; built capabilities to absorb internal & external financial shocks.
Key Responsibilities:
• Maintaining a system of policies and procedures that impose an adequate level of control over finance operation activities
• Supervise day to day operations and transactions while maintaining accuracy & completeness; share critical insights linked with performance with the Management and recommend areas of improvement and growth opportunities to support strategic planning & decision making.
• Prepare financial statement disclosures for interim & annual financial statements.
• Monitor cash inflows & outflows and maintain sufficient funds to meet ongoing operational and capital investment requirements.
• Coordinate with business units in the annual budgeting process in sync with the strategic objectives of the company.
• Maintain cordial relations with Banks, External Auditors and Insurance Companies for the Finance Department to operate in a seamless manner.
Turnover: 150 Million EGP; Employee Strength: 1000+
Key Responsibilities:
• Review adjusting entries (accruals & prepayments) towards the end of each month prior to closing; analyze financial statements to assess profitability, liquidity & solvency position of the company at both regional & divisional level and share key findings with the Management Committee.
• Prepare financial statement disclosures for interim & annual financial statements.
• Coordinate with business units in the annual budgeting & forecasting process and assure that it is sync with the growth goals and additional established targets of the company; perform variance analysis between budgeted & actual expenditures and report major deviations to the Line Manager.
• Engage in cost reduction & efficiency improvement initiatives to enhance the overall proficiency of operations; deploy activity based costing metrics to allocate overheads based on relevant cost drivers to support decision making linked with the pricing strategy.
Key Responsibilities:
• Conduct fundamental (DCF, Comparable Multiples) & technical analysis to evaluate publicly listed companies and use spreadsheet modeling to determine if their stock is a buy, sell or hold.
• Keep close tabs on the accuracy of forecasts through variance analysis with actual results and assure that overall variability is within reasonable limits.