Financial Planning and Analysis Manager
MARSH
Total des années d'expérience :23 years, 5 Mois
Marsh is a global leader in insurance broking and risk management advisory services.
April 2014 till date - Financial Planning & Analysis Manager (FP&A)
• Preparation of monthly forecasts in liaison with Practice heads and attend forecast calls with Regional management
• Forecast reporting and monitoring month closure in line with forecast.
• Monthly books close - ensure revenue, expenses and provision are recognized and report monthly results for Regional consolidation along with reconciliations.
• Circulate revenue reports after every month close to Practice heads and follow up with variance discussions.
• Prepare monthly Management meeting packs with various analyses.
• Assist CFO in Operations review meetings with CEO & Practice heads.
• Handled budgeting for the years 2015 & 2016 in liaison with stakeholders.
• Played a pivotal role in design, development and implementation of new insurance broking software.
• Currently working on a project to revamp & automate Management reports and in that process streamlining data collection and management process.
Sep 2012 until March 2014 - Credit Controller
• Effectively managed circa USD. 136 million (average) outstanding insurance premiums with a team of two members.
• Reduced bad debt provision in the first 10 months within levels acceptable to the Management.
• Efficiently managed unallocated fiduciary cash within strict turnaround time.
• Monitor daily collections and update funds position to the Fiduciary payables team.
• Preparation of ageing reports, Fiduciary/Corporate Cash & Bad debt provision reports that are included in monthly Management pack.
• Assist in year-end audit and Internal audits.
• Finance Controller - Country Transportation (additional responsibility)
• Preparation of annual budgets along with quarterly and monthly forecasts
• Provide financial and variance analysis, evaluate and quantify spending decisions / business risk / alternatives and future cost implications, and apply this financial insight in developing plans to close gaps
• Performed full financial evaluation including analysis of margins, profitability and payback, and challenge business assumptions. Provide recommendation on project viability and launch decisions
• Monthly closing of books of accounts as per corporate reporting requirements for consolidation at Country and Regional level
• Conduct monthly review of financial results with department managers to identify variances from budget / forecast and effects in immediate future periods
• Centralized payroll processing in accordance with Saudi Labor law and monitoring employee advances and indemnity settlements
• Liaison with external auditors for yearly accounts finalization
Oversee Western province Finance department activities
• Lead and administer financial operation of the branch
• Maintaining DSO at acceptable levels considering special contracts and business circumstances
• Managing working capital of the branch with no borrowing from external sources and minimal internal funding
• Successfully carried out process mapping and documenting work flow across all functions
• Continuously monitor and suggest cost savings/control options
• Automated processes that resulted in a saving of 52 man days in a year
Performed a full spectrum of accounting functions including daily transaction processing, global monthly reporting, monthly presentation pack, audit assistance and account reconciliation. Worked in a team of 5 and cross trained team members.
• Member of Bahwan Exel and Petroleum Development Oman rate structure review panel which included negotiations with contractors - Designing business models with various rate structures and scenarios
• Review Cargo haulage contracts
• Participated in Operation planning meetings - drilling sequence to plan asset mobilization for to Rig moves
• Review Rig move cargo haulage Operation reports to evaluate financial gains due to effectiveness of planning and efficiency in execution
• Asset utilization KPI measurement and meeting sub-contractors
• Prepare and present monthly performance pack to management along with Operational data to support financials
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• Finalization of Accounts (Statutory Audit) for the year ended 31st March 2003 for “India Nippon Electricals Limited” a manufacturing company, listed in Bombay Stock exchange (BSE)
• Finalization of accounts of “Madras Gymkhana Club”, a premier Club in India, for three consecutive years from 2002 -2004
• Certification of net worth of Clients’ accounts of a Portfolio Management Company. The nature of work includes preparation of Clients’ Profit and Loss Account and Balance sheet
• Participated in the year-end accounts finalizing team of various companies such as Sundaram Finance Limited, Spartek Ceramics India Limited, VST Motors Limited, Integrated Finance Company Limited and Greenways Shipping Pvt. Limited for various years
• Internal Audit: Worked as a member in the internal audit team for “HDFC Ltd”, a leading NBFC in the housing loan sector; appraisal of loans and accounting
Worked as an apprentice for 3 years while pursuing Chartered Accountancy, learning audit engagements for professional practice. Has worked in teams to ensure completion of various statutory and internal audits for various corporate and other types of entities.
Certified Management Accountant (CMA) - pending certification
CA - Intermediate (Group 1)