Finance Manager
United Beverages
مجموع سنوات الخبرة :20 years, 0 أشهر
Responsibilities & Achievements:
• Supervise, review, and interpret month/quarter/year-end financial reports as well as month-end close processes to support the business unit and corporate.
• Manage the annual budget, monthly and quarterly forecasts, and financial comparisons and explanations of actual results versus the financial estimates.
• Direct and control all accounting activities associated with the accurate recording and reporting of costs of manufacturing for individual products and performance (cost and profitability) on a product line basis.
• Analyze and interpret operating and financial results to identify trends and activities driving those results and make recommendations on potential changes, both operation and financial in nature, to improve performance.
• Develop cost data for the justification of capital asset purchases as they relate to operation's cost savings. Assist in the audit process of capital purchases and prepare reports regarding the results of capital projects.
• Analyze balance sheet for key accounts, including inventory, fixed assets. Prepare and/or approve account reconciliations.
• Manage the integration of operations finance related accounting processes, policies and procedures constructively challenge current processes to continually improve.
• Support external audit activities and compliance to UB Accounting policies and procedures.
• Train and mentor team members
• Actively participate and/or lead cost take out initiatives.
• Build organizational capabilities with a continuous improvement focus
• Build business acumen & partnership across the business unit
- Manage the preparation and distribution of internal financial statements and reports, maintaining the highest quality, reliability, and accuracy.
- Manage the monthly closing process, including reconciliations and analysis of related accounts.
- Develop and maintain the integrity of the financial reporting process and financial controls.
- Manage day-to-day operations of the existing cost accounting function from the management of current rates to monthly close and analysis
- Manage the transition from the existing cost environment to a new standard cost system
- Perform the monthly closing activities including preparation of the cost-to-operate statement along with supporting analysis
- Proactive analysis of variances and communication of issues and opportunities to operations management
- Guide operations management with interpretative and predictive financial information to make business performance assessments and capital investment decisions using sensitivity, pro forma, and cause-and-effect analysis
- Monthly planning, collecting, and presenting data to determine monthly costs of materials, activities, products, and services relating to manufacturing operations.
- Design and develop policies and procedures in line with changing business environment and expansion in operations
- Lead directions based on projected changes in costs
- Create solutions and develop new analysis methods
- Acting as team leader on selected projects to provide financial and business guidance
- Drive productivity for analytical assessment of performance
- Manage reporting analysis process including periodic reporting and periodic forecast analysis
- Partner closely with cross-functional teams to manage P&L expectations
- Responsible for controlling the trading discounts, Price increases & Transfer pricing between intercompany using the cost-plus method
- Managing SAP Business process for CO module & Acting as a key contact point of global Cost Business Warehouse application in supporting end users and feedback to the global application owner for any issue and suggestion
- Career Planning: Review the Backup Plans to follow the development of the employees according to the plan.
- Apply for the Coaching program for team OTIF & FTR.
- Apply the team Succession plan within the work frame & amend the Individual development plan
- Developed a complete set of internal reporting Package to control actual VS plan on the commercial & supply chain Side
- The created new environment that considered customer satisfaction requirements in parallel to cost control.
- Restructured the period-end closing activities that have saved time by 20 % and decreased reporting errors
- Built and managed the cost accounting team. They provided training, guidance, and mentorship.
- Participated in feasibility studies for new products, investments, and cash flow proceeds
- Analyzing changes in product design, materials, methods, and services
- Project changes in costs, updating cost estimates, and comparing actual costs to forecasts, budget, and previous estimates
- Participating as a team member on selected projects to provide financial and business guidance
- Lead cost performance and savings initiatives
- Drive productivity and analytical assessment of performance
- Period close activities to include working closely with the Controller's group to ensure the accuracy and completeness of entries
- Support ad-hoc projects and analysis as requested
- Partner closely with cross-functional teams to manage P&L expectations
- Core team member for the company-wide implementation of SAP FI/CO to collect actual costs for the operations floor and generate more effective costing and profitability analysis reports for all levels of management
- Manage material master accounting and costing on all raw materials and creation of standards on semi-finished and finished material; prepare "what if" scenarios on new and existing products; prepare month-end journal entries; settle process orders and WIP every month and prepare various cost reports.
- Continually work to improve reporting and data collection in the finance costing area. Currently developing best practices for more efficient and organizationally aligned standard costs for all semi and finished products based upon more detailed rates by resource and budgeted demand data.
Responsibilities & Achievements:
• Analyzing all company spends and ofering appropriate challenges while analyzing and identifying opportunities for top line growth such as the NAB Master plan.
• Preparing feasibility studies for new products, investments, and cash flow proceeds
• Providing operations management with interpretative and predictive financial information to assist in business performance assessments and capital investment decisions through the use of sensitivity, pro forma and cause-and-efect analysis
• Planning, collecting, analyzing, and presenting data to determine costs of materials, activities, products and services relating to manufacturing operations monthly.
• Controlling budget vs. actual variances to bridge actual results to plans
• Analyzing changes in product design, materials, methods and services
• Project changes in costs, updating cost estimates and comparing actual costs to forecasts, budget and previous estimates.
• Resolving problems and developing new analysis methods
• Participating as team member on selected projects to provide financial and business guidance (TPM, S&OP etc ….)
- Design and prepare audit planning for client companies - Manufacturing, trading, and oil drilling companies
- Review and develop accounting systems
- Evaluate internal control systems
- Prepare audit programs
- Supervise audit teams
- Ensured the preparation of financial statements in compliance with Egyptian Accounting
- Accounting Principles (GAAP) for international clients
- Reviewed the execution of accounting policies to ensure compliance with the firm’s accounting policies and statuary regulations
- Assisted the client’s financial management to resolve complex or irregular financial issues
- Supervise the implementation of the audit process by Egyptian / International Standards on auditing for full scope and limited review assignments
- Balance sheet analysis and reporting including financial ratios
- Ability to interact with operational line Managers to extract necessary financial information