Financial Planning & Analysis Manager
Almarai Company Limited
Total years of experience :17 years, 3 Months
Achievement
SAP BPC implementation of Consolidation, Flash, RFC & Budgeting for flexible reporting and increasing efficiency
Provide training for capitalization of asset based on IAS 16 for asset net worth of SAR 1.8 Billion.
Develop process flow for scrap sale through SAP which increase profit from SAR 200K to 300K per month on average
Nominated as Project Manager for drafting of reports for newly established division Poultry
Responsibilities
Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to
management.
Conducting profitability and sensitivity analysis on different forecast.
Compiling and analyzing 5 Year Plan for Group.
Maintaining a database of forecast and associated assumptions for historical analysis and organizational learning purposes.
Tracking accuracy of forecast versus actual and highlighting significant variances and necessary actions or decision
requirements to deal with variances.
Working capital management and financial analysis.
Instigating system improvements as necessary to ensure that planning systems are optimized and capable of delivering timely
and accurate information to meet current and future business needs. Focus on maximizing usage of SAP and BPC within Almarai.
Compiling and analyzing companywide annual budget.
Conducting conflict analysis to identify inconsistencies between long-term plans and short-term budget decisions.
Assessing resource availability to meet monthly forecast volumes which includes men, materials, machines and money.
Transfer price working for different subsidiaries of Almarai.
Preparing and analyzing forecasted balance sheet and cash flow statement with all relevant financial ratios.
Responsible for preparation of half yearly and yearly financial statement based on IAS and IFRS
Oversee all aspects of statutory accounting and reporting for local and international statutory purpose, including acting point for
auditors
Liable for preparation of cash flow
Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc
Provide guidance on accounting treatment based on IAS and IFRS and resolve the of accounting and technical issues
Perform full set of accounts and ensure timely closing of accounts.
Identification and management of risk which decreases the efficiency of processes and loopholes in existing process
Support Line Manager in ensuring that intercompany cost allocations are in line with management agreements and transfer pricing
policy
Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
Work consultatively with the respective departments on cost reduction initiatives.
Analyzing actual result to budget and provide management commentary
Prepares financial reports by collecting, analyzing, and summarizing account information and trends
Provide on-the-job training /assistance to junior members of staff.
Achievement
Increased the cash flow inflow by PKR 2 Million per month through reducing the working capital cycle from 60 to 40 days
Increased revenue by 13% per team by through initiating the marketing team based profit and loss
Reduced overall cost of company around 8% by changing the budgeting strategy
Responsibilities
Answerable for maintaining accounting records which accords with professional requirements and regulations.
Liable for preparing consolidated financial Statement on half yearly and annual basis to be presented in board
Accountable for preparing of Flash & Income Statement on monthly basis
Answerable for budget preparation and financial briefings to internal senior leadership and external stakeholders
Responsible for Preparation of different monthly and quarterly reports
Preparation of budgets, projections and variances reports
Oversee debtors’ ledger and improve the credit control process
Responsible for corresponding with our overseas partner’s
Negotiate with financial institutions for any financial facility
Responsible for LC’s opening their records, Posting of Advices, Margin, Markup and receipts.
Dealing with daily affairs of business and corresponding with branch managers and departmental heads.
Structure and handle the payroll of more than 4, 000 employees
Enhancing the control by implementing monthly employees reconciliation report
Liable for employees related income tax, sessi, and EOBI Payments
Responsible for settlement of staff advances and loans
Formalize the vendor accounts reconciliation and there payments
Accountable for recording of accruals on timely basis
Oversee the records of creditor’s & debtor’s, payments, balances and advances
Liable for preparation of JVs and payment vouchers for venders and other creditors
Responsible for settlement of staff advances and loans
Execute all the transactional entries into accounting software.
Pledge for processing of utility bills, traveling, fuel and medical claims
Association of Chartered Certified Accountants (ACCA)
Subjects are Company Law & Investment Analysis, International Business & Business Policy, Advance Costing & Management Accounting, Financial Management, Production of Operation Management, Marketing Management & Research