Francisco Ramos, Financial Planning, Analysis and Reporting Manager

Francisco Ramos

Financial Planning, Analysis and Reporting Manager

Tayseer Arabian Company

Location
Saudi Arabia
Education
Master's degree, Commerce
Experience
37 years, 0 months

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Work Experience

Total years of experience :37 years, 0 months

Financial Planning, Analysis and Reporting Manager at Tayseer Arabian Company
  • Saudi Arabia - Eastern Province
  • My current job since February 2017

Reporting directly to the Executive Operating Officer the strategic implementation, control and oversight of financial and accounting matters throughout the company.

 Overall responsibility for the company’s Annual Operating Plan which entails financial planning and analysis, budgeting and forecasting and the corresponding write-ups from justification of projections to departmental objectives, initiatives and KPIs.
 Financial Reporting and Analysis
 Develop and formulate the Finance & Accounts Policies and Procedures and Delegation of Authority Matrix (Financial Authority Limits)
 Oversee the Cash flow preparation and management including but not limited to sourcing of funds and scheduling of payments
 Ensure the timely preparation, consolidation, analysis and reporting of management accounts.
 Prepares and deliver presentations (powerpoint) of financials to the executive management
 Production of statutory accounts, tax and audit responsibility.
 Formulates and prepares business correspondences on behalf of management to commercial suppliers, customers, banks and other addressees.
 Evaluation of credit proposals and credit worthiness of company’s customers and directs the passing of credit deals.
 Oversee the costing and pricing schemes of the company’s products (vehicles).
 Provide mentoring, coaching and personal guidance to subordinate staff.
 Works with the Financial Systems Accounting area to ensure proper accounting for information from the various systems of record, including integrity of data, proper General Ledger coding, and proper application of accounting rules.
 Perform ad hoc functions whenever necessary

Financial Planning Manager at Al Jomaih Automotive Company
  • Saudi Arabia - Dammam
  • November 2013 to January 2017

Overall responsibility for the company’s financial planning and analysis, budgeting and forecasting
Develop and formulate the Finance & Accounts Policies and Procedures and Delegation of Authority Matrix.
Preparation and presentation of the company’s Annual Operating Plan
Financial Reporting and Analysis
Cash flow management including but not limited to sourcing of funds and scheduling of payments
Evaluation of credit proposals and credit worthiness of company’s prospective and existing customers
Liaise with financial and banking institutions regarding credit facilities, placements, fund transfers and other bank related matters.
Review of the finance & accounts organizational structure and implement necessary changes therein
Analysis of the company’s financial statements and management’s reports and its business implications.
Review the commercial aspects of contracts i.e. payment terms, milestone billings
Review and advice on the financial feasibility of continuing the operations of a particular branch dealership and the viability of opening branches in proposed locations.
Works with the Financial Systems Accounting area to ensure proper accounting for information from the various systems of record, including integrity of data, proper General Ledger coding, and proper application of accounting rules.
Formulates and prepares business correspondences on behalf of management
Draft and implement the company’s Centralization Plan
Develop or update internal control processes and procedures
Provide mentoring, coaching and personal guidance as necessary to all staff under domain.
Provides recommendation in all aspects of cash flow i.e. cash requirements, schedule of payments
Assists the Chief Financial Officer (CFO) on all finance & accounts related matters

Finance & Accounts Consultant at Al Jazira Takaful Taawuni (A subsidiary of Bank Al Jazira)
  • Saudi Arabia - Jeddah
  • June 2013 to November 2013

Accounts
 Mapping of system generated data to the Chart of Accounts
 Participate in month-end closing of books processes
 Communicates impact of accounting policy changes to Business Group management.
 Assists with the response and resolution of accounting audit issues presented by regulatory examiners and internal auditors.
 Advises project teams on specific accounting and internal control issues pertinent to new products, major business and organizational events and system conversions, and upgrades and enhancements.
 Works with the Financial Systems Accounting area to ensure proper accounting for information from the various systems of record, including integrity of data, proper General Ledger coding, and proper application of accounting rules.
 Reconcile contract amounts and verify actual and estimated costs.
 Provide guidance on appropriate preparation, review and approval of accounting transactions and General Ledger account balances, including General Ledger reconciliations and certifications.
 Develop or update internal control processes and procedures.
 Ensure accuracy of inventory status and fixed assets.
 Maintains knowledge of current accounting practices and regulatory requirements.
 Ensures that financial records are "fair, " complete and in adherence with generally accepted accounting principles (GAAP).

Finance
 Reviews financial reporting mechanisms to ensure that such mechanisms prevent losses---due to error or fraud---in financial statements.
 Responsibility for the company’s financial planning and analysis, budgeting and forecasting
 Ensures that internal controls, processes and policies around financial reporting mechanisms are adequate and functional
 Evaluate operating data, appraise investment opportunities and detect business trends.
 Provide advises on budget preparation and forecasts
 Review the commercial aspects of contracts i.e. payment terms, milestone billings
 Provides recommendation in all aspects of cashflow i.e. cash requirements, schedule of payments and daily financing decisions
 Determine the company’s goals and risk tolerance
 Manage relationships with banks and financial institutions regarding credit facilities and bank deposits
 Evaluate, develop and implement cash management system to optimize efficiencies
 Directs, and monitors trade investment portfolios including Working Capital

Senior Finance & Accounts Manager at Jazan Economic City Co.
  • Saudi Arabia - Jeddah
  • August 2010 to April 2013

 Overall responsibility for the company’s financial planning and analysis, budgeting and forecasting
 Cash flow management including but not limited to sourcing of funds and scheduling of payments
 Financial Reporting and Analysis
 Monitors, oversees, and supervises the operations of the finance and accounts department.
 Ensure the timely preparation, consolidation, analysis and reporting of management accounts.
 Production of statutory accounts, tax and audit responsibility.
 Revenue, costs and capital planning input and approvals.
 Primary responsibility for reconciliation of counter party and related accounts.
 Reviews the financial and accounting aspects of all commercial contracts.
 Liaise with financial and banking institutions regarding credit facilities, placements, fund transfers and other bank related matters.
 Peruses and approves journal and check vouchers, transaction posting slips, petty cash disbursements vouchers, payment certificates and the like.
 Provides in-depth analysis of the financial statements and coordinates with the chief, and senior accountants concerning the inputs therein.
 Oversees the asset management of the company.
 Formulates and prepares business correspondences on behalf of management to commercial suppliers, banks and other addressees.
 Formulates, designs policies and control procedures in accordance with generally accepted accounting standards.
 Ensures alignment of approved disbursements as against budget.
 Provide mentoring, coaching and personal guidance as necessary to all staff under domain.
 Assure that all strategic financial directives are carried out with the highest accounting quality assurance.
 Prepares/formulates business proposal to financial institutions and other third parties.

Senior Finance & Accounts Manager at Al Jazira Capital
  • Saudi Arabia - Jeddah
  • October 2009 to August 2010

OVERVIEW - Reporting directly to the Board of Directors, the Chief Executive Officer and the Chief Financial Officer the strategic implementation, control and oversight of financial and accounting matters throughout the company.

 Responsibility for Aljazira Capital’s annual budget including but not limited to write ups and presentation, Business Units estimates, tracking and reporting as might be applicable, and co-ordination with the Group.
 Assists the CFO in the management and overseeing direct and indirect Divisional, and area capital, expense and projects budgets and financial resources under control according to strategic aims and goals
 Ensures the timely preparation of financial statements for submission to CMA.
 Reviews and verifies accuracy coding of all revenues, costs and expenses of the company.
 Assists the CFO in the management of all investments of the Company’s Capital in accordance with Board of Directors approvals and guidelines
 Assists the CFO in forecasting the company’s net capital requirements and ensure that these are met at all times in accordance with CMA regulations
 Primary responsibility for reconciliation with counter-parties, placements of funds, and preparation of management accounts/financial statements (Balance Sheet, Income Statement, Cashflow Statements) and statutory accounts
 Primary responsibility for external/internal audits - Aljazira Capital’s own Books and Mutual Funds
 Attend to all executive and regulatory financial directives, mandates, and request in a proficient adequate and timely manner.
 Assure that all regulatory, executive and operational directives, mandate and policies are implemented at all times, without compromise, and take all appropriate corrective financial action immediately when and as needed
 Reviews and peruses vendor and consultant agreements and SLA’s.
 Provide mentoring, coaching and personal guidance to subordinate staff.
 Assists the CFO in assuring that maximum value against expenditures levels are maintained by all areas under domain. Curb waste, align financial systems and streamline financial processes.
 Assure that all strategic financial directives are carried out with the highest accounting quality assurance
 Assure that all work undertaken is in conformity with the financial policies, practices and standards of the Company.

Chief Accountant at Jazan Economic City Co. Ltd
  • Saudi Arabia - Jeddah
  • July 2008 to October 2009

Supervision of the accounting unit
Financial planning, budgeting and forecasting.
Ensure the timely preparation, consolidation and reporting of monthly accounts/ financial statements.
Production of statutory accounts and audit responsibility.
Formulate and prepares business correspondence on behalf of management to commercial suppliers, banks and other addressees.
 Primary responsibility for reconciliation of counter party accounts as well as banks and other financial institutions.
Liaise with banking institutions regarding credit facilities, placements and deposits, fund transfers and all other bank related matters.
Verifies/checks and posts transactions to the General and Subsidiary Ledgers.
Formulates business process flow and procedures and represents the Finance and Accounts Division in the business process management team.

Property Controller at Hera General Hospital
  • Saudi Arabia - Mecca
  • May 2001 to July 2008

 Directs and participate in the preparation of budget & financial forecasts.
 Ensures that the book of accounts, inventory, assets are independently reconciled
 Plans and implement control procedures and analyze report variances
 Management of the fixed assets of the company, e.g. Equipments, Machineries and Tools.
 Overseeing the operation of the Non-Medical Maintenance, Housekeeping & Laundry and Stationeries & Hospital Forms Stores.
 Formulating and adopting new policies and procedures for the Central Store through circulars and memorandums.
 Reporting directly to the Director of Materials and Supplies and to the Inventory Department at Head Office all matters concerning the affairs of the Hospital’s Central Store.
 Verifying, checking and approving the material/supply accountability of exiting and vacationing employees.
 Dealing with commercial suppliers regarding purchase and acquisition of materials and supplies.
 Prepares Purchase Orders, Material Receipts, and Material Issue Vouchers.
 Conducting inventory and preparing monthly status report with copies furnished to the Ministry of Health and to the company’s Head Office.
 Performing other administrative functions whenever the need arises, on the instructions of the top-level management.
 Formulates/Designs inventory database of all materials & supplies

Financial Consultant at City Government of Davao
  • Philippines
  • January 1998 to April 2001

 Conducts lectures on livelihood programs, cooperative development, finance and accounting methods in government sponsored programs
 Briefs the city mayor on all commercial contracts between the city government and private contractors.
 Coordinates with other departments on the financial affairs of the city.
 Represents the city mayor in various financial and political engagements.

Branch Manager at PS Bank (Metrobank Group)
  • Philippines
  • March 1995 to April 1998

 Oversees and supervises the administration, marketing, finance and operation of the branch.
 Approves and reviews deposits, withdrawals, and loan transactions at the branch level.
 Reports to the Assets & Liabilities Committee and senior executives as well as stockholders regarding deposit and loan portfolio of the branch.
 Replies/responds to internal and external audit engagements and reports.
 Personnel and staff administration at the branch level.
 Verification and checking of all accounting and audit reports concerning the branch.
 Creates business opportunities and advantages to existing and propective clients to enhance the marketability of products and services.
 Sets policies and procedures, and norms of the branch.

Senior Accountant at Arabian Homes Co. Ltd.
  • Saudi Arabia - Jeddah
  • March 1991 to March 1995

 Billing of leases, utilities (telephone, power and water) and management fees.
 Encoding of all leasehold contracts.
 Preparation of sales forecasts and budget reports
 Aging and maintenance of Accounts Receivable and accounts payable.
 Coordinates with the Credit and Collection Department regarding payments of tenants.
 Reports directly to the Finance Manager concerning leases, billing and forecasts
 Recording and reconciliation of book of accounts.

Branch Accountant at Home Bankers Savings Bank
  • Philippines
  • March 1990 to March 1991

 Responsibility for the bank branch's accounting of accounts e.g. deposits, loans, foreign exchange transactions, expenses etc.
 Calculation and posting of interests, withholding taxes, service charges, inter-bank and inter-office accounts
 Preparation of the branch financials such as Profit & Loss Statements, Balance Sheet, Cashflows and other reports and submits them to the corporate head office's Branch Banking Group.
 Production of statutory accounts, tax and audit responsibility.
 Reports to the Branch Banking Group all matters concerning the branch's financials
 Mentoring and coaching of junior staff and apprentices.

General Bookkeeper at Philippine Commercial International Bank (PCIBank)
  • Philippines
  • April 1985 to March 1988

 Maintenance of depositor's accounts at the branch level
 Responsibility for reconciliation of customers account
 Preparation of clients' bank statements
 Responsibility for the overall accounting at the branch level.

Education

Master's degree, Commerce
  • at Professional Regulation Commission
  • September 1988

Passed the CPA Licensure Examination

Bachelor's degree, B.S. in Commerce Major in Accounting
  • at Ateneo de Davao University
  • March 1984

Ateneo de Davao University Degree in Bachelor of Science in Commerce Major in Accounting Graduated 1984

High school or equivalent,
  • at Ateneo de Davao University
  • March 1980

HIGH SCHOOL: Ateneo de Davao University 1976 - 1980

High school or equivalent,
  • at Lupon Central School
  • January 1976

ELEMENTARY: Lupon Central School 1970 - 1976

Specialties & Skills

Accounting
Research Analysis
Financials
Business Correspondence
ACCOUNTING
AND ACCOUNTING
AUDITING
BANKING
FINANCE
FINANCIAL REPORTING
GOVERNMENT ACCOUNTING

Languages

Arabic
Intermediate
English
Expert
Filipino
Expert

Memberships

Philippine Institute of Certiied Public Accountants
  • Member
  • August 1988

Training and Certifications

 SEMINAR & TRAINING ON ON-LINE OPERATIONS IN BANKING (Certificate)
Date Attended:
June 1988
 SEMINAR ON NATIONAL GOVERNMENT ACCOUNTING (Certificate)
Date Attended:
March 1986
 SEMINAR/WORKSHOP ON CUSTOMERS ARE REALLY EVERYTHING (Certificate)
Date Attended:
May 1990
 VALUES INTEGRATION WORKSHOP (Certificate)
Date Attended:
April 1990
 MEASURING IMPROVEMENT (Certificate)
Date Attended:
June 2006
Valid Until:
June 2006
 INTERNATIONAL QUALITY IMPROVEMENT (Certificate)
Date Attended:
December 2006
Valid Until:
December 2006
 SEMINAR ON OPERATIONS AUDITING (Certificate)
Date Attended:
March 2001
 INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) (Certificate)
Date Attended:
December 2009
Valid Until:
December 2009

Hobbies

  • Playing Basketball
    Most Valuable Player Awardee in High School and College as member of the School Varsity. Member of the Universities Athletic Association of the Philippines (Davao City) Champion Team
  • Playing Tennis
    Member of Class C Team in Davao City, Philippines