Financial Controller
Mikano International Limited
Total years of experience :15 years, 6 Months
• Financial Modelling for investment and expansion plans
• Managing accounts and finance Functions
• Preparing Financial Statements: P&L, Balance Sheet, Cash Flow, Contribution Income Statement
• Supporting departmental mangers with business intelligence on their divisions, looking at different KPIs, operational metrics and profitability analyses
• Cash Management to ensure liquidity and plan for bank facilities
• Product Costing based on ABC costing
• Providing leadership, direction and management of the finance and accounting team
• Spearhead the preparation of Annual Budget of the company and ability to analyze various heads of expenditure to stay under the annual budget.
• Preparation Monthly reports - Profit & Loss, Cash Flow, Balance Sheet and Contribution Income Statement
• Analyze and report variances - Propose and implement remedial action.
• Prepare business plans for new stores opening
• Responsible for controlling function for company’s operational activities, including revenue and sales growth; expense, cost and margin control; and monthly, quarterly and annual financial goal management.
• Oversee month end close process to ensure timely closure and financial reports preparation.
• Oversees Procurement: dealing with suppliers, follow up on proper documentation to ensure smooth importation process, lower importation cost and fast delivery time
• Consolidate back-office and build and manage a competent team, coordinate with them to develop departmental objectives, provide all the guidance and resources to achieve objectives.
• Achieve growth and hit sales target by managing sales team and branch managers through objective setting, coaching and performance monitoring.
• Come up with innovative ways to increase revenues and operation efficiencies: barter deals with event organizers, bringing new services with minimal investment, developing CRM system with Realtime information by using Excel.
• Recruit, develop and performance manage staff to establish a top performing team
• Create stock reordering system and train branch supervisors and procurement to ensure optimal stock level at all time.
• Executed core financial processes, including vendor setup and payment, operational expenses, administration of bank accounts and accounts reconciliation.
• Prepared, examine and analyze accounting records and financial reports.
• Managed administration of accounts receivable, accounts payable, inventory control accounting and payroll.
• Implemented accounting standards, process and disciplines to ensure reliable/accurate and timely delivery of required management information.
• Prepared the financial forecasts (P&L, inventories, and Capital Expenditures)
• Oversees Procurement:
- doing cost estimation before ordering the consignment in order to estimate the total landed cost and be used as benchmark.
- preparing all required documents for the application of Form M and LCs to avoid delay in the process.
- coordinating with the clearing agent and make sure we use correct HS Code to avoid PAAR overestimation and Customs overcharge.
• Responsible for all financial procedures & processes connected with manufacturing including the preparation of cost, as well as their application by all departments.
• Prepared weekly production plans to ensure all machines run in full capacity without any machine being idle and timely delivery of all orders according to customers need and objectives.
• Implemented Job Costing system and held workshops to train staff, which led to determine the actual costs of each order and compare it with the standard costing to assess if there is any time waste or materials overuse.
• Implemented KPI System rewarding workers on meeting their targets which led to improvement in their productivity as they felt committed and motivated.
• Built stock reordering system and oversaw development and carrying-out of inventory control procedures, including physical stock-take and audit.
• Performing recordkeeping duties.
• Preparing payroll.
• Suppliers and customers reconciliation.
• Handling bank transactions.
• Developing manufacturing models, standard costing, needed for production control.
• Preparing the inventory account.
courses: CMA, Certified Management Accountant, Issued by IMA. - TOEFL-ITP certification. - Business Analyses Course - Supply Chain Management Course - Sales Management & Customer Relationship Training - Oral Communication Skills Certification. - Microsoft Office Excel 2010.