Budgets Planning & Financial Analysis Manager – Marketing Team
Abdul Latif Jameel Co. Ltd
Total years of experience :24 years, 0 Months
With a unique relationship with Toyota Motor Corporation, Abdul Latif Jameel Motors has grown continuously over years to become one of the leading entities in the automotive sector in Saudi Arabia, and one of the leading independent TOYOTA & LEXUS distributors in the world.
Sole TOYOTA and LEXUS Distributer in Saudi Arabia since 1955, ranked as fifth global distributer of TOYOTA and LEXUS, in terms of sales volume, and GP, Saudi Arabia Market leader with 35% market share.
Job Duties:
- Provide leadership for budget preparation, formulation, presentation, and execution through examining past performance, future financial needs and requirements from management.
- Conduct statistical studies and analysis of past and current years to prepare budgets and justify requested funds.
- Prepares comparative analyses by analyzing costs in correlations to services performed during previous fiscal years and reports to Top Management with recommendations for budget revisions.
- Perform detailed, regular (monthly, quarterly, bi-annual and annual) financial statements analysis of sales and marketing, to spot trends and patterns,
and report to the department head alerting of special circumstances or concerns.
- Formulates budget recommendations and proposes modifications and/or reallocation to existing budgets
- Consults with supervisors to ensure that adjustments made are in accordance with program changes in order to facilitate long term planning.
- Monitor budget versus actual figures including tactical campaigns / marketing communication / OPEX spending and works with brand segment heads to develop strategies to maximize budget efficiencies.
- Creating the variance analysis report summary regularly and communicating it to relevant parties.
- Develop dashboard for clear communication of the analysis and findings.
- Monitor department budget expenditure on various areas of Abdul Latif Jameel group activities.
Additional Task:
Auto-Lease Financial Institutions Relationship
A model of auto leasing where the lease contract holder leases a car for a specified duration at a fixed monthly cost, covering depreciation and maintenance costs.
Job Duties:
•Negotiate new Auto-Lease Financial Institutions contracts & validate from Business, Sales Channel & Legal Departments.
•Negotiate financing rates (Profit %, Insurance %, IRR % & APR %) and marketing campaigns to Strengthens marketing activity and increase number of Sales through Auto-Lease Financial Institutions Service.
•Update Market Data & Conduct Full Analysis to continuously monitor and evaluate Auto-Lease Financial Institutions sales & Performance.
•Develop and update pricing Based on Market Needs & Auto-Lease Financial Institutions Sales Plan.
•Monitors market trends and Auto-Lease Financial Institutions needs and Develops projections for long term-volume, revenue and contribution to the profit margin.
•Enhance TOYOTA & LEXUS Channels Penetration to Auto-Lease Financial Institutions in Different Regions.
•Ensure smooth communication between Auto-Lease Financial Institutions and Abdul Latif Jameel Co.
•Monitor & Enhance the Process of Auto-Lease Financial Institutions Sales to minimize the Lead Time.
•Conduct Periodic Market Research & Field Visits to Retail Centers & Wholesalers to ensure Auto-Lease Financial Institutions Contracts & campaigns are activate.
Securitization is a partnership agreement between two parties" bank and Company ", both of whom provide capital towards financing of a portfolio and both of them share Profits on a "Pre-Agreed Ratio", while Losses are share basis of “Equity Participation".
Job Duties:
•Negotiate new securitizations agreements/portfolio (Purchase amount, Reserve %, Agency Fees & Projected Profit (± SIBOR %)).
•Examining and reviewing of contracts could be included on portfolio depending on specific criteria in order to go through signing Agreement.
•Conduct monthly reconciliation activity of the Installment and Leasing portfolios with Banks and confirm it with concerned banks to confirm/validate Amortization, Profit, Reserve bank transfer, over dues, and total Receivables.
•Reviewing Deferred Income, Bad Debt Provision & Discounts for each portfolio.
•Creating the Final Settlement sheet by the end of each portfolio, define the profits or losses and the share of partners depending on the Agreement.
•Calculating the investment of the excess balance based on the agreement return rate.
•Creating the monthly Fund Transfer Schedule showing the expected amount due to be transferred with a specific value date.
Zamil Steel is one of the few pre-engineered buildings companies that offer a complete building system. It starts from engineering, procurement and manufacturing and extends into installing the building along with supplied accessories such as doors and windows.
Job Duties:
- Control overall activities with the Banks including, Managing Letter of Credit, and Letter of Grantee, Banks Reconciliations, Foreign Exchange, Bills, Remittance and Any other transactions.
- Coordination with the ‘Customer Services Department, Export Sales Department & Shipping Department for all about the Letters of Credit conditions and documents required.
- Examining and reviewing the conditions and documents that had required on the Letters of Credit, in order to approve the Shipping Release and issue the Commercial Invoice.
Then making the presentation with the bank in order to send the documents to the client.
- Preparation and maintaining of accounting records, which include general accounting, costing, or budget data.
- Examining, analyzing and interpreting accounting records for the purpose of giving advice or preparing statements.
- Introduction to Oracle SQL & PL / SQL. - Advanced SQL & SQL * PLUS. - Data Modeling & Relational Data Base Design. - Backup & Recovery. - Performance Tuning. - Network Administration.
Bachelor of Commerce and Business Administration – Accounting section - Faculty of Commerce and Business Administration - Helwan University, Cairo