Department manager – senior financial analyst
Chalhoub Group
Total years of experience :14 years, 9 Months
• Follow-up on escalated cases /issues/questions of junior team members to ensure they are closed efficiently and in a timely manner
• Develop trustworthy relationship with the Business Units to drive financial management and processes
• Review trial balance to rectify/adjust any errors and preparing monthly financial statements (P&L, balance sheet and cash flow)
• Prepare monthly performance report to measure and analyses the variance Vs. budget with justification the roots of the problems along with recommended corrective actions
• Preparing annual budget plan in addition to two revised budgets through the fiscal year “define the annual goals, milestones, stock coverage target, account receivables coverage target, review customers credit terms, targeted gross margin and operating profit” and comparing with actual results to define the variance.
• Evaluate impact of economic decisions on the business ”add/drop activity, new investment, IRR study”
• Assist in developing Financial Strategic Planning such as the 3years Plan
• Follow up and control the CAPEX and OPEX to ensures that costs remain within budgetary limits
• Collaborate with department heads to strategize ways to minimize cost, study cost drivers, maximizing efficiency/profitability at all levels without compromising quality
• Studying and analyze cost structure of cost of goods sold to ensure that costs on track or take corrective actions
• Preparing supportive monthly reports ”common size analysis, financial ratios analysis, stock analysis”
• Reviewing trial balance and preparing financial statements ”P&L, balance sheet and cash flow” along with detailed analysis reports depicts sales trends, profitability movements, margin analysis”
• Compiling data from related departments to prepare budget and challenge other departments on their estimation
• Assist in preparing 3-year strategic plan
• Perform cost control function and comparing to budget
• Guidance and supervise the department team
• Implementing costing control system and analyze costing items to ensure maximize the profitability/efficiency.
• Preparing monthly financial statements.
• Preparing budget with related departments.
• Ensure the actual results still within budget and interpret the reasons of variance, if necessary, take corrective actions
• Release regular reports measure performance (income, costs).
• Involved in studying and pricing tenders
• Control daily transactions process.
• Assuring that all transactions compliance with local and corporate policies, regulations and laws.
• Applies cost accounting methods to achieve accurate presentation of cost center performance.
• Assist in budget preparation.
• Preparing periodical reports analyze cost patterns to facilitate take a decision regarding production centers.
• Assist in preparing budget
• Release monthly variance reports to ensure that operational costs process still within plan.
• Leading role in monthly closing process to release financial statements.
- selling and cross selling
- making daily reports
- in case of sift leader i am responsible for running the branch