Group Financial Controller
National Food Products Company (NFPC)
Total years of experience :18 years, 7 Months
Manage the Group’s cash flows within available facilities, providing appropriate reporting to Directors and Executive Management.
• Consolidation of monthly and annual financial statements for different entities
• Manage the Group’s statutory taxation obligations (including VAT, Excise tax ).
• Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.
• Ensure finance ledgers are maintained on a timely basis, are accurate and complete, and structured for the dual purpose of providing relevant information to internal users and meeting statutory obligations.
• Liaising with external auditors to produce proper financial statements on time.
• Manage the credit control process with clear set of KPIs for the diverse business models for better collections
• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Manage month end closing procedures and set clear guidelines for different finance functions
• Optimisation of product cost, cost allocation and managing variance analysis above thresholds.
• Manage the plants costing process with proper monthly reporting.
• Automation of financial processes to minimize risks and reduce cost.
• Manage IFRS new reporting standards.
• Monthly reporting to Board and senior management.
Compliance & Controls
Establishing Credit management policies to minimise debt and improving collection cycle as well as working capital optimisation.
Developing strategies to minimize financial risks.
Ensuring compliance and respect of internal controls to maximise business opportunities and minimise risks.
Liaising with external auditors to produce proper financial statements on time.
VAT compliance and tax audit management as well as producing proper financial statements at year end
Financial Accounting
Managing various month end processes including; forecasting, financial performance, Profit & Loss, Balance sheet and Cash Flow.
Heading the finance function of 25 staff members with a focus on meeting objectives, assessing priorities, allocating timescales and distributing work in accordance to the level of expertise required along with constant coaching and development.
Management of the accounting and financial integrity in Gulf countries with proper monthly business reviews.
conducting reviews and evaluations for cost-reduction opportunities
Planning & Reporting
Responsible for financial planning, budgeting and reporting including balance sheet reconciliations and operating cash flow management as well as predicting future trends
Improving financial performance visibility through automation of daily and monthly reporting.
Quarterly business review and forecast reassessments
Daily reporting of sales by channel, SKU and Brand
Commercial
Proactively manage underperforming aspects of business through regular review of KPI’s.
Contracts management and assessment for accurate revenue recognition and profitability gaps/opportunities.
Managing ATL and BTL spend with proper tracking and post activity evaluation.
Customer & Product evaluations to asses risks and identify gaps.
SKU rationalization to focus on more value adding brands.
Asses the profitability of retail routes and sales channels
KSA- Reporting to Regional Finance Director
Turnover USD 210 Million per annum
ERP system :- SAP
Compliance & Controls
▪ SOX compliance owner and controls narration and creation.
▪ Managing US GAAP / IFRS financials.
▪ Credit management policies to minimise debt and improve collection cycle and working capital
optimisation.
▪ Creating and implementing company financial controls and processes while mitigating financial and
business risks and developing contingency plans where necessary.
▪ Managing the yearend Tax and Zakah department audit with proper tax submissions.
▪ Ensuring compliance to legal, regulatory and risk compliance as well as assessing/reviewing the financial
impact of new business ventures.
Financial Accounting
▪ Heading the finance function of 35 staff with a focus on meeting objectives, assessing priorities, allocating
timescales and distributing work in accordance to the level of expertise required along with constant
coaching and development.
▪ Ensure that record keeping meets the requirements of auditors and government agencies
▪ Optimisation of product cost, cost allocation and managing variance analysis above thresholds.
▪ Proactively manage underperforming aspect of business through regular review of KPI’s.
▪ Managing various month end processes including; forecasting, financial performance, Profit & Loss,
Balance sheet and Cash Flow.
Planning & Reporting
▪ Responsible for financial strategic planning, plant costing and financials as well as interpreting reports,
budgets, accounts and company financial statements.
▪ Reporting the company plan and quarter financial results to the board.
▪ Responsible for financial planning, budgeting and reporting including balance sheet reconciliations and
operating cash flow management as well as predicting future trends
Commercial
▪ Contracts management and assessment for accurate revenue recognition.
▪ Undertaking research into market pricing, competitor activity and other factors that may affect business.
▪ Customer & Product evaluations to asses risks and identify gaps.
▪ Trade margins review to create better value to financials
▪ Assessing sales routes and channels and drive value behaviour across sales teams
Turnover USD 250 Million per annum for Iraq entity
ERP system :- SAP
▪ Creating achievable financial objectives as well as developing and driving in place effective systems,
policies and procedures in order to achieve financial control.
▪ Overseeing effective service delivery, compliance with SLAs, people management, improving methods as
well as Financial Metric and compliance/controls.
▪ Providing financial, commercial and strategic support as well as preparing management information
working from source data.
▪ Responsible for creating and updating accounting, financial and management policies and procedures.
▪ Maintaining own knowledge of Iraqi Unified System when preparing Financial Statements and Financial
Reports.
▪ Ensuring compliance to legal, regulatory and risk compliance as well as assessing/reviewing the financial
impact of new business ventures.
▪ Preparing and submitting Profit & Loss Account, Bills Discounting and Balance Sheet.
▪ Managing and reviewing monthly management accounts as well as producing annual budgets and
monthly financial re-forecasts.
▪ Monthly review of
ERP system :- SAP
▪ Managing various month end processes including; forecasting, financial performance, Profit & Loss,
Balance sheet and Cash Flow.
▪ Monitoring quarterly capital expenditures against financial plan and forecast. Includes reporting at board
level on any deviation or revisions.
▪ Maintaining compliance to financial regulations/laws including managing cash forecasts, completing risk
assessment and taxation planning.
▪ Provide accurate and timely reports for management
Reviewing the auditing department before proactively suggesting supporting policies, activities and
programs.
▪ Responsible for audit planning and directing staff with a focus on meeting objectives.
▪ Reporting on the performance of all implemented strategies highlighting areas of improvement or any
lessons learned.
ERP system :- SAP
▪ Implementing and driving compliance to industry regulations as well as financial policies, procedures and
BAT controls. Includes preparation of quarterly and annual Financial Statements.
▪ Utilising skills of SAP when creating and costing new materials.
▪ Operating petty cash, cash flow management and performing reconciliations of Balance Sheets account
including Excise, VAT, Vendors, Customers, Accruals and Prepayments.
Working with numerous high profile clients when assessing and revising Financial Statements, reports,
transactions and internal controls.
▪ Preparing Balance Sheet, Income Statement and Cash Flow Statement as well as appropriate notes and
disclosures.
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courses: High School Certificate – Tawjihi Scientific Branch