Financial Planning and Analysis Manager
Ali Zaid Al Quraishi & Brothers Co.
Total years of experience :11 years, 9 Months
ReAya holding is a Jeddah based private equity investment firm, targeting in particular, companies operating in Healthcare and Life-science Industry. ReAya is headquartered in Jeddah-Saudi Arabia and in Dubai-UAE with investments across the MENA region & Turkey
Investment:
-Evaluating investment opportunities
-Preparing Valuation reports
-Executing transactions
-Preparing transaction-related documents (NDA, Term Sheets, Binding & Non-Binding agreements, etc.)
-Group consolidation of Financial Statements
-Dealing & negotiating with Banks
-Dealing with commercial & financial due diligence advisors
-Preparing executive summaries and presentations for the Group CEO & MD
Business Performance Analysis:
- Critical appraisal of portfolio budget submissions and proposing amendments
- Supporting management teams of portfolio companies.
- Portfolio performance analysis & reporting
- Prepared from scratch, the commercial dashboard for MDs of portfolio companies
- KPI analysis/recommendations of different functions of portfolio companies
Operational
-Assisting function heads of different portfolio companies in drafting SOPs
-REviewing the processes within functions and assessing the financial impacts. Advising changes in the processes
-Reviewing the contracts with the customers and suppliers
-Intercompany operational performance benchmarking
-Workload Analysis
-Supporting management teams of the portfolio companies on various issues
Preparation, review and analysis of monthly financial statements
Detailed analytical review of Sales (including Price Volume Variance)
Detailed analytical review of deviations in Profitability from Budget & Forecasts.
Cost-Volume-Profit (CVP) analysis by location.
Issuing Daily Sales Report (DSR) with comparative figures and charts by business segment.
Sales, Profitability and Cash Flow forecasting.
Entity's Balance Scorecard owner.
Annual budget preparation.
Assisting Manager Budgeting and Reporting in preparation and analysis of
Short and Long term Business Plans
Preparing monthly presentation to Sheikh Mohamed Yousef Naghi (Group owner)
Ad hoc/Special projects reporting as required by Director Finance.
At Al Wefag my responsibilities included finalizing and reporting the following to Financial Planning & Analysis Manager and Managing Director:
- Commercial Reporting
Analysis & recommendations on Customer Development ( Business Development Agreements) (Contracts) with Modern Trade & Wholesale customers. Provided regional managers support in negotiating the best possible agreements. Support included analysis and recommendations on tactical fee, rental fee, listing fee and other fee on case by case basis. Commercial reporting responsibilities also included profitability analysis of customers.
-Product Pricing
Product pricing of new and existing stock keeping units. Provided FP&A manager with analysis of competitor prices. Included in my responsibility was special promotion pricing and annual pricing review.
Responsible for maintaining accurate and updated product (SKU) formula cards and advising on
-Sales analysis
Presenting to Financial Planning and Analysis manager and Managing Director with sales performance per brand, per customer, per distribution channel, per category and per region.
Providing meaningful variance analysis versus budget forecast and previous years.
-Financial Reporting
Preparation of financial statements with commentary on monthly basis. The report included analysis of working capital, cash flow movements, profit and loss, stock ageing and action plan, and other analysis pertaining to financial matters.
The experience at the Assurance group of Ernst and Young gave me exposure to regulatory environments of diversified industries, their key business processes and the Accounting and internal control systems of several entities.
External Audit:
-Conducted the external audit engagements along with the senior staff.
-Conducted the inventory audits.
-Conducted audit of various heads of financial statement to verify they met relevant assertions
-Prepared and delivered the reports to supervisor.
Other assignments:
Bench marking of one of the biggest Automotive and Leasing company :
- Deciding criteria of eligible companies
- Collection of data primarily annual reports of companies from Middle East, Europe, US and Asia
- Punching, linking and summarizing the financial statements
- Calculation of relevant ratios for analysis
Companies audited:
- United Instalment Sales Company Limited (The biggest leasing company of Saudia & gulf region)
- Abdul Latif Jameel Company
- Aqsat International Trading Company Limited
- Mohamed Yousuf Naghi Motors Corporation
-SADACA Environment ( Member of SKAB group of companies)
Achieved highest marks in Higher Secondary School and was awarded merit certificate by H.E Shahid Karimullah, Pakistan Ambassador to Saudi Arabia and was invited for dinner by Mr. Masood Akhtar, Consul General of Pakistan (pictured in Urdu News and Urdu magazine)