Manager Financial Planning & Analysis
Al Ajlan Group (Pure Beverage Company)
Total des années d'expérience :11 years, 4 Mois
Major Achievements:
- Implemented SAP S4/HANA ERP system within tight project implementation timelines (6 months). Worked at functional side created chart of accounts, designed all COPA profitability and segment reports.
- Saved SAR 3 million in variable overhead spending, through a variety of cost-improvement initiatives through better utilization of resources.
- Developed and implemented integrated pricing model for bidding product price resulted in assurance of minimum Contribution margin per budget levels.
Job Responsibilities and Details:
- Prepared and presented monthly, quarterly, and annual standalone and consolidated financial statements and managed annual audit from big four accounting firms.
- Prepared, validated, and presented long terms financial Plans, annual Budgets, and quarterly/monthly forecasts to board of directors.
- Managed monthly closing process in SAP including costing run and assessment cycles, verifying the numbers in GL and develop automated month end tasks
- Performed cost, profitability, and breakeven analysis by product/channel/location/customers
- Liaise with external auditor, financial institution, internal audit department and Zakat, Tax, Custom and VAT authority.
- Worked in close partnership with cross functional teams and provided necessary finance support to achieve company objectives.
- Ensured effective product cost controls (material, labour and overheads) are adequately recorded, allocated and reported and all variances are justified properly.
- Prepared capital expenditure appraisals and sales project feasibilities with sensitivity Analysis, time value analysis and dashboard reports.
-Conducted quarterly balance sheet reviews and reconciliations to ensure effective control over fixed assets, Cash/banks, account receivable, inventory, prepayments, advances, account payable, accruals, loans and equity accounts.
- Identified slow moving and obsolete/damaged items in order to review and adjust their impact on P&L
Major Achievements:
- Designed and implemented new financial data infrastructure and tools that optimized financial planning and analysis processes. Revamped internal procedures, processes and controls resulting in favorable audit scores compared to prior unfavorable scores.
- Improved financial reporting accuracy, reduced revenue forecast variance to under 5% - compared to 9.0%+/- under prior process.
- Reduced DSO from 90 days to 75 days within first year and further reduced to 60 days in two years.
Job Responsibilities and Details:
- Mentored, and led a core team of six managers (28 professionals team size)
- Led and participated in all financial operations of the company including reporting (internal and statutory), inventory and cash management, accounts payable/receivable and payroll.
- Administrated financial plans budgets, and forecasts
- Designed and implemented dynamic and comprehensive monthly management reporting package.
2nd Division
2nd Division
A Grade
1st Division, 67%
