Assistant Financial Controller
Supreme Group
Total years of experience :22 years, 9 Months
• Coordinate revenue forecasting process with finance business partners. Develop metrics to improve forecasting accuracy and promote best practices across country finance teams. Produce final materials for executive management review and approval.
• Staff appraisals and management.
• Focus on proactively communicating business implications observed from analysis, monitoring recent business trends to ensure forecast accuracy and clarity of calculations.
• Reporting of balance sheet ratios, BS reconciliation, and preparation of budgeted cash flow, control of Accounts Payable, Accounts Receivable and Inventory Management.
• Induction and training to new employees.
• Review of payment terms of each vendor and ensuring payments are made based on terms.
• Perform ad-hoc revenue analysis, including ad-hoc pricing analysis and reporting for management.
• Providing support in preparing Business Review Presentation
• Conducting risk analysis and ensuring control at each GL level to increase the profitability
• Review of P&L and OPEX analysis & variance analysis and ensuring revenue and cost are recognized accurately and in timely manner.
• Creating Dashboard and KPI metrics
• Prepare business unit variance analysis, explain the reasons for major movements in revenue & expenses between budget, actual and previous month
• Carried out detailed Investment and Capex Analysis for new project.
• Monitoring of Tax impact for commercial contracts.
• Submission of monthly management report and review of exchange rates trend.
• Maintaining market cost benchmark database and conducting sensitivity analysis for new and existing projects
• Tracking of cost on weekly basis and reporting variance and implementation of cost control plan.
• Conducting variance analysis and opex analysis for large Business units, has significantly resulted in high profitability (Targeted 12% vs. 14%)
• Interprets financial operating results for business decisions and makes recommendations on cost reduction and increased profit opportunities.
• Budget & Business Planning, requirement assessment, drawing up budgets, challenging budgets
• Controlling, financial reporting and consolidation of entities spread over wide geographies, working knowledge in business model building and evaluation
• Ensuring timely submission of TAX returns.
• IRR computation, Competitive Analysis and Risk and management reserve computation for existing and new projects.
• Employee appraisals / Performance review of direct reporting line employees and ensuring staff is not under or over utilized.
• Implemented various reports like budget templates, financial model templates, benchmark database
• Monitoring of finance reporting package templates and suggesting necessary improvements
• Tracking of daily food cost and reporting variance and implementation of cost control plan.
• Menu costing based on portion served and sharing it with Executive chef.
• Preparation of Quarterly/Annual budget plan and forecasting and comparison with actual results.
• Checking of beverage consumption and stock taking of bar.
• Verification of banquet charges
• Responsible for all the accounts related entries and bank reconciliation.
• Developed full hotel budget and tracking with actual results
• Oversee Accounts receivable and Accounts Payable; follow up with customers for payments.
• Maintaining room occupancy report and reporting it to management.
• Responsible for developing policies and approval matrix.
MBA in Finance