Budgeting and Reporting Manager
Al-Rajhi International Investment Company (RAII)
مجموع سنوات الخبرة :24 years, 10 أشهر
Quarterly consolidation of financial statements of 14 subsidiaries (National and International).
Working with the subsidiaries in preparation of Budget, Rolling Forecasts, Short, Mid and Long-term business plans.
Preparing quarterly presentations for CEO / BoD.
Working with the external consultants such as BIG 4 firms / Bankers for feasibility studies and due diligence related to any new business acquisition.
Negotiating with the banks for financial costs and sculpted cash flows.
Preparing annual budget and cash flow budget of the holding company.
Effective cash flow planning involving short/long term borrowings based on inflows through dividends.
Working with the law firms in framing SLAs in the event of formation of Consortiums related to joint / shared acquisitions.
Preparing exit costs related to bad performing subsidiaries based on firm value through DCF studies.
Analyzing profitability & challenging the subsidiaries towards operational processes, internal controls and reporting parameters.
Preparing ROI, IRR, NPV etc., using capital budgeting for new ventures.
Responsible for statutory financial statements P&L, BS and cash flows for a business of over 200MSAR turnover with over 300 employees.
Responsible for preparing long term business plans and identify the required cash flows and repayment ability of STL (Short term loans) in accordance to discounted cash flows.
Consolidation, analysis and monthly financial reporting.
Quarterly presentations of business performance, achievements and goals to CFO.
Responsible for multidimensional portfolio/budget planning, sales and margin forecast vs actuals variances by projects / product flows, by Business Unit, By Market vertical, by Region etc.,
Monthly revenue recognition and closing process, sales and margin forecast and variances analysis and reporting matrix.
Supporting CFO in preparing quarterly business review presentations to Executive Management and Board of Directors.
Establishing business performance KPI’s and productivity, recommend action plan with efficient resource planning.
Gathering, compiling, analyzing financial data and presenting to the CFO with most suitable recommendations to facilitate informed decision making including under / over absorption analysis.
Identifying and fixing process gaps thru efficient coordination at different operational levels.
Provisioning risks / contingencies such as penalties, deviation in scope not covered by bidding/tender dept, cost overrun, forex impacts, price inflation etc., and mitigation plans.
Statutory / Project / Product wise P&L & Cash flows.
Detailed BOM exploration, material movement & inventory management, standard cost, production orders and project cost analysis.
Monthly Internal (Consumables, expenses, assets) and service orders analysis.
Cost Center monitoring / under / over absorption analysis.
Liaise with External / Internal Auditors.
Resource planning, labour and material productivity.
Responsible for month wise portfolio/budget planning, sales and margin forecast Vs actual variances analysis.
Working capital / cash flows projections.
Credit management, DSO, DPO, analysis.
Monthly revenue recognition and closing process.
Gathering, compiling, analyzing financial data and presenting management with most suitable recommendations to facilitate informed decision making including under / over absorption analysis based on hourly rate calculations.
Identifying and fixing process gaps at different operational levels thru efficient coordination with production, procurement/logistics, project management, ware house, etc., to effectively contribute in business performance.
Initiating processes with suitable internal controls to deal with tough situations in identifying system issues, pricing issues, efficient risk management and mitigation plans.
Capex planning in-coordination with concerned dept. managers and ROIs depending on the requirements and cost center evaluations.
Provisioning risks / contingencies such as penalties, deviation in scope not covered by bidding/tender dept, cost overrun, forex impacts, price inflation etc., and mitigation plans.
Statutory / Project / Product wise P&L & Cash flows.
Detailed BOM exploration, material movement & inventory management, standard cost, production orders and project cost analysis.
Monthly Internal (Consumables, expenses, assets) and service orders analysis.
Cost Center monitoring / under / over absorption analysis.
Accounts Payable - 6 Yrs (1997-2003)
Accounts Receivable - 3Yrs (2003-2006)
Cost Accountant - 5Yrs (2006-2011)