Senior Accounting Manager
Almarai Company
مجموع سنوات الخبرة :26 years, 7 أشهر
• Manage the financial planning process (Budgets, 5 Year Plan, Rolling forecast and monthly forecasts).
• Perform financial benefits on Lean Six Sigma Projects.
Special Achievement:
• Awarded Lean Six Sigma Yellow Belt for involvement in System demand Accuracy project.
International Dairy & Juice (IDJ) Limited is a global JV between Almarai and PepsiCo International to cover the Almarai range of products and the Juice line (Tropicana) of Pepsi in Southeast Asia, Africa, and the Middle East, excluding the GCC countries.
• Managing the financial planning process (Budgets, 5 Year Plan, Rolling forecast and monthly forecasts).
• Performed standard and ad-hoc budget/forecast-to-actual analyses, to provide value-added reports to senior management to aid in making business decisions.
• Preparation & Analyse the Volume and revenue by market and entity.
• Worked closely with Business Development Manager on setting up prices for different market across middle east region (excluding GCC)
• Preparation and development of monthly & quarterly reporting packages to the Board,
Special Achievements
• Actively involved in setting up the budget process for IDJ and finalization of 2014 budget in line with Almarai group time line.
• Setting up a reporting tool and standardizing the monthly performance review format across all companies (Teeba in Jordan/ Beyti in Egypt), which helped IDJ CFO to get more visibility.
• Responsible & preparation of Group Budget including Financial Statement, Ratio and Variance Analysis and Presentation to Almarai’s Board of Directors.
• Responsible for the Long term business process i.e. Rolling Forecast & Five year Plan process and also performing analysis to identify the causes for variances.
• Analyzing the company current performance against budget & forecast and present the information to the Senior Managers on a Monthly basis.
• Monitor stock-on-hand and escalate any shortage / excess compared to the demand plan on Long Life Dairy Products.
• Coordinate with Marketing, Sales, Operations and production to discuss current month’s forecasts, demand and supply issues, and anticipated risks and opportunities
• Co-ordinating and communicating plans with 16 divisions in order to achieve the strategic goals.
• Maximise milk usage to achieve strategic goals and ensure milk is efficiently managed.
• Carried out analysis on supply shortage (Market Demand against Capacity) to determine the Loss of business opportunity.
• Actively involved in the company's monthly S&OP meetings.
• Key member of SAP BPC (Business Planning & Consolidation) implementation project across the group.
Main Achievements
• Increased the frequency of Rolling Forecast reports from quarterly to monthly.
• Primary responsibilities include managing the demand planning for 55 sales hubs/depots, 500 SKU's (4 product category) in highly dynamic market conditions, highly seasonal and promotional business environment with a planning horizon of 18 months.
• Successfully managed/coordinated the demand planning consensus/collaborative planning process with marketing/brand managers, regional sales managers and shared with supply chain stakeholders.
• Improve demand forecast accuracy through the analysis of historical trends, seasonal and promotional lifts, pricing strategies, as well as taking into account customer strategic plans and consumer trends.
• Assist the Demand Forecast Manager with the annual budget & 5 year Plan volume projection.
• Manage other administrative duties and daily / monthly progress reports.
• Designed and implemented sales DASHBOARDS in the group of companies (Sales trends and Sales distribution dashboards)
• Worked closely with Demand Forecast Manager during SAP APO Demand Planning model.
• Managing Demand Planners through job training, coaching & motivation.
• Actively involved in the company's monthly S&OP meetings.
Main Achievements
• Increased the forecast accuracy on Fresh Products.
• Trained 4 Demand Planners who joined the team.
• Developed a user friendly report for to analyse weekly sales Performance by Country/Product group.
• Develop and analyze financial data for new product introductions, promotional items, and cost reduction in order to make sound business decisions.
• Review of product margins and providing advice to the marketing managers for new product developments and Trade Research Developments.
• Analyse and report on low performing products to Senior Management.
• Provide management with reports specifying and comparing factors affecting prices and profitability of products and explaining monthly budget variances to senior management.
• Preparation & Analysis of quarterly Product Profitability & Marketing results reports to executive.
• Analysed Marketing Spends for each product category to ensure better utilisation of marketing fund.
• Conduct key pricing analysis and assessments, including collaborating with key counterparts in sales, marketing & finance.
Main Achievements
• Successfully implemented product profitability reports to analyse the performance of Product Groups.
Accountant - Financial Projections & MIS Sales Division Sept 05 - Oct 07
Financial / Management Accounting
1. Analyze financial performance against benchmarks such as prior years, and plans & reconciles and discuss any causes of variance with Divisional Finance Manager.
2. Prepare and issue accurate weekly and monthly Flash financial statement to corporate and divisional departments.
3. Critically analysing monthly overheads & preparing of Cost saving commentary for Management to support decision making.
4. Prepare and Provide critical analysis and reports on all key business variables - Sales, Margin Etc
5. Preparation and Analysis of Rolling financial forecast to the Division and Central Planning.
Budget Planning
1. Preparation of Annual Budget for the Division & ensuring the consolidated budget information available on time for the Sales locations/Division.
2. Consult with managers to ensure that budget adjustments are made in accordance with program changes.
3. Create and analyze financial planning models.
4. Communicating to Country and regional finance regarding budgets issues and changes.
5. Involved in Sales Division Budgeting Process Review (BPR) project.
Reporting and Analysing
1. Performance evaluation of Strategic Business Units (SBU’s).
2. Provide and Analyse the pricing information to Regions, Countries & the Management.
3. Margin analysis on Key Accounts product promotions (Pre/Post Evaluation).
4. Communicating to Country and regional regarding new product launches & Promotions.
5. Preparation & detail Analysis of product wastage.
6. Produce timely management information and reporting.
Trade Receivable
1. Preparation & Analysis of Weekly & Monthly Trade receivables performances.
2. Coordination between Regions/Countries in relation to Debtors related issues.
Quality & Development Division - Sales & Marketing Finance
• Evaluating overall Business Risk Analysis (BRA) pertaining to Sales operation and preparing a comprehensive BRA report.
• Maintaining database of Non Compliance Notes (NCN) issued within the finance function of the division and Preparing consolidated report of the NCN’s & QCSA to the management.
The company has a number of areas in business which includes Cashing Cheques, International Money Transfer (Western Union), Foreign Exchange, Insurance, Loan etc.
Responsibilities includes,
• Analysing of Financial performance.
• Marketing financial products to new customer, credit appraisal, post monitoring and recoveries.
• Preparation of Daily/Weekly and Monthly sales performance reports.
The company is General Sales Agent for EVA AIR of Taiwan.
Worked as an Accounts Executive. Reporting to Finance Manager, Responsibilities includes.
• Preparation and Analysis of monthly performance reports.
• Passenger/Cargo Sales accounting.
• Managed Accounts Receivable and Accounts Payable.
• Preparation of remittances and Maintaining of principal Accounts. (EVA AIR-Taiwan).
The Company is engaged in the production of Leading Pen (Reynolds) and CAMAL Plastics and in the trade of distributing the same.
Worked as an Accounts Clerk Cum Computer Operator. Reporting to General Manager and Accountant, responsibilities includes.
Completed FoundationLevel.