finance manager
BEYTI
مجموع سنوات الخبرة :20 years, 1 أشهر
Beyti - JV between PepsiCo and Almarai
•Lead the 5 years’ strategic plan through validating investment options and increasing ROI.
•Prepare and monitor the annual budget of two plants (P&L), liaise with the plant team on efficiency programs, and agree on action plan, resources and deadlines.
•Monitor and analysis the production variance (Quantity, price) and agree on actions to mitigate risks.
•Develop financial model to calculate the optimal Bill of Material in the season and the off season and work with procurement to balance between fresh milk and skimmed milk powder (biggest contributor in the BOM) to increase GP% and maintain relations with milk farms.
•Champion the margin attack program, calculate the financial implications of proposed scenarios, and follow up on the implementation of the agreed projects.
•Develop the annual zero-based budget, review the required standard crew by line/ shift to decrease overtime and temporary labor, and break the costs into variable/ fixed and direct/ indirect by SKU.
•Control the stock procurement through MRP, report stock coverage, provide for Slow Moving Stocks in the P&L, and work closely with the demand team to decrease the Days of Stocks on hand (decreased from 124 days to 50 days)
•Prepare the capacity utilization report on monthly basis and work with the manufacturing team on enhancing utilization (long production runs, long shifts etc.).
•Mentor CAPEX spend and calculate ROI of each project.
•Implement the scrap sales cycle and controls (saved 2.5% of total plant costs).
•Champion SAP4HANA implementation as a functional expert.
•Update the transfer price to export channel and intercompany.
•Manage the MRP system and NWC.
•Manage and following the van stock (uploading, consumed, return, direct and indirect cost).
•Handle Q- Pulse system (BOM creation) for materials creation authorization.
sales report by SKU/ Channel (region, brand, customers, modern trade, retail, distributors, and whole sale).
•Develop and implement the credit policy, monitor the sales returns, control accounts receivable aging report, and provide for bad debts.
•Calculate the sales bonus and the sales commission monthly.
•Prepare the forecasted cash flow and liaise with sales team to deliver the target.
•Monitor logistic activity (cost / pallet, trip, KM)
•Reconcile the sales quantity with WH and costing quantity
•Create the profitability analysis report by products to net income stage
•Handle the balance between the distributors and retail channel for profitability and liquidity purpose
•Classify the products to (liquidity, profitability, market share)
•Determine the sales export price according to cost plus
•Collect and analyze the market data for market share and competitive purpose
the plant management team through conducting monthly performance reviews and take required actions to deliver the plan.
•Prepare the consolidated reports for the affiliated companies monthly.
•Develop new process for toll manufacturing to utilize the extra plant capacity and decrease costs.
•Calculate the plant capacity utilization and develop a plan to better utilize the production lines.
•Segregate and arrange the fixed assets and spare parts items between the different plants
•Create a new process for recycle and sales scrap which contributed in increase the other revenue by 5 %
Manage the cost drivers and sources for three alternative business (Detergent - Cosmetic - Adhesive)
•Manage and reporting the profit center report (Balance sheet - P/L)
•Manage and run the activity-based costing on monthly basis
•Manage and controlling the 10 subcontractor’s activity and cost (Formula - price - supply chain)
•Responsible for monitoring and analyzing all cost-related to COGS (monthly and year to date), in addition to controlling stock balances of RM, PM, and FG to ensure consistency with GL balances. Responsible for None and slow-moving system and stock coverage, lead time days on hand
•Determine the allocation keys for MOH, WH and logistic Cost
•Responsible for Henkel Inter-company Reconciliation (INRECON) Report on quarterly basis.
•Monitor the capacity of production line and analysis the unusual MFG cost
•Lead the monthly consolidation process and report to regional office (MENA).
Budgetary controlling
•Liaise with function heads to develop the annual plan, and monthly rolling forecast, and report variances to improve the forecast capabilities.
•Prepare Henkel Treasury Report (including the Foreign Exchange Risk from operating Business, Concluded Hedge contracts, Royalties and dividends, Cash position, Financial investments, Overdraft facilities) monthly basis
•Responsible for Henkel Inter-company Reconciliation (INRECON) report on quarterly basis
General Accountant
•Prepare and check the payroll and benefits accountant entries.
•Mentor the petty cash and down payment expenditure.
A/R accountant
•Checking the selling price by channel, and major customers.
•Develop and implement the credit policy, monitor the sales returns, control accounts receivable aging report, and provide for bad debts.
•Prepare and report the competitive analysis on quarterly and yearly basis.
courses: SAP MM course Digital solution course Emotion intelligent Analytics thinking Presentation skills
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