Group Financial Controller
The Industrial group
Total years of experience :9 years, 2 Months
“The Industrial Group”, a diversified Saudi family-owned business that is engaged in Specialty chemicals, packaging and food flavor manufacturing (Group Turnover SAR 500M and total employee strength of 700) - worked at two locations, initially at Jeddah and Riyadh then moved to Jeddah head office as a Group Financial Controller manage a team of 25 people located in Jeddah, Riyadh, Dammam, Egypt and Morocco and report directly to the Chairman &CEO provide overall financial planning. reporting and analytical support to operations and regional leadership team to help achieve business plans, GPM, EBIT & EBITDA.
• Led finance department, supervised and mentored staff, and managed financials including annual business plans, provide business and finance support responsible for preparation of financial performance analysis and reports which are timely and are valuable in the decision-making process, treasury and payroll department, cash flow, forecasting and monitoring, internal and external audit management.
• Budget and forecast lead for sales, SC and logistics performance management evaluation internal and external benchmarking of financial performance.
• Managed purchasing, stock control, implementation cost reduction plans to control & improve the NWC, KPI’s for business divisions and minimize all RM’s prices, Expenses, property, services and maintenance contracts, and revenue-generation opportunities.
• Calculate variances Vs. the budget and report significant issues to management to take the required corrective actions.
• Experience with all financial accounting operations including Billing, A/R, A/P, G/L, and month-end closing, BU’s Monthly FP & monthly presentation for the board meeting, yearend hard and soft closing.
• Manage and develop relationships with the RM’s and services providers effectively.
• Developing policies and procedures for the finance department as well as assisting the S. management in preparing policies and procedures for operations and manage the financial risk management.
• Manage O/S functions and ensure that they are in compliance with prior approvals and budgets.
• Ensure that the A/P is paid on time according to the agreed vendors' PT and the A/R are collected on time according to the approved credit policy & plan DSO
• Develop and Maintain a finance team chart of accounts in sync with Group chart of accounts.
Controlling & supervising the work in the finance department & establishing the procedures necessary to control other functions of the company. I.e. sales, shipping, purchasing, manufacturing & HR.
•Drafting & uploading the monthly, quarterly and yearly financial reports for Henkel Technologies Middle East required by the foreign partner (Henkel KgaA) Germany according to the deadlines published by them.
•Handling all corporate finance management reporting.
•Making the monthly presentation on the reported financial data included in the financial package of the company (KPI) for discussion in the management monthly meeting.
•Preparation of the annual business plan.
•Present to the group CEO the Annual plan section of cash flow
•Prepare the calculations & studies required by the management to assist in sound decision making in using the company’s financial resources.
•Provide support to senior staff and supervisors for the effective management of
Their areas of Responsibility
•Manage the internal organization of the dep. to ensure workload and dep.
Requirements are met
•Review and evaluation of System of internal Controls.
•Ensure that appropriate internal audit processes and procedures are in place
•Ensure compliance with corporate policies and procedures
•Working hard beyond duty hours to meet tight deadlines