Financial Planning & analysis Manager
Avon Cosmetics Egypt
Total des années d'expérience :12 years, 6 Mois
From June 2008 -Till present: Financial Planning & analysis Manager - Avon Cosmetics Egypt.
As Financial Planning & analysis Manager I am responsible for the following
* Analyzes trends, costs, revenues, expected operations, financial commitments and obligations incurred to predict future revenues and expenses.
* Develop policies and procedures for the department's operation.
* Supporting & Report for Finance Manager/CFO.
* Assisting the Finance Manager in designing and recommending financial policies, through participating in data collection, analysis, feedback etc.
* Collecting and consolidating financial budgets from internal departments periodically.
* Monitoring budgets and performance KPI'S
* Preparing operating and investment budgets
* Preparing Capex budget & cash flow budgets.
* Adopting/updating annual company/department budget
* Budget analysis per month/Quarter / year for departments/product and compare it with actual budget
* Prepare financial forecasts, financing scenarios and other documents concerning capital management, and write reports and recommendations.
* Responsible for budget system completion and high level reviews.
* Perform Lead project management functions
* Prepare, compile, analyze and communicate information for financial reporting and analysis
* Prepare and distribute monthly financial package
* Develop and present timely analysis for operating results on a monthly and Quarter bases.
* Provide financial guidance for new business development
* Support corporate functional groups as lead finance person in reporting and forecasting.
* Responsible for all phases of reviews of financial and internal controls to determine whether such controls are adequate to meet management objectives and ensure the safeguarding of assets; recommends and implements security and system control procedures.
* Advises management with respect to internal costing practices
* Responsible for performing the day- to-day general ledger accounting, financial reporting and analysis for assigned functional areas.
* Responsible for month-end, quarter-end and year-end close for assigned functional areas.
* Research and prepare variance analysis and explanations.
* Perform Balance Sheet account reconciliations, account analysis, accrual calculations, and other related accounting documents/schedules.
* From 2008 till present As Financial Planning & analysis Manager.
* 2 Years as Chief Accountant.
* 1 Year as Senior Accountant.
* 1 Year as Senior Cost Accountant.
* 1 Year as Senior Accounts Receivable.
* 1 Year as Senior Accounts Payable.
* 2 Years as Accountant.
From May 2006 - May 2008: Chief Accountant - Avon Cosmetics Egypt.
As Chief Accountant I am responsible for the following
* Participates in and facilitates monthly, quarterly and annual financial reporting documents
* Reviews the general ledger system for proper entries and compliance with Accounting Standards and preparing necessary reports.
* monitors and evaluates work of department staff
* Coordinates, monitors, and maintains schedules of monthly, quarterly, bi-annual, and annual reconciliation responsibilities of Finance Department staff.
* prepares and reviews working papers for external auditors
* Supports the Finance Director with day-to-day operations of the Finance Department, and with special projects as required.
* Performs other related duties as assigned
* Project book keeping using accounting software to monitor revenue, operating expenses, ..etc.
* Control petty cash, accounts receivable and payable
* Assist Development Manager in preparing monthly project cash-flow and drawdown report, the project profit & loss.
* Prepare monthly tax reports, file tax declarations with local authorities to pay Sales Tax, Income Tax, and Corporate Income Tax, and any related government fee of the Company.
* Prepare trial balance, financial statements (balance sheet, income statement and cash-flow statement) and yearly tax finalization report for review by Financial Controller.
* Analyze and reconcile expenditure and revenue accounts
* Managing company fixed assets, calculating their depreciation periodically through set procedures and ensuring that documented information in this regard is being updated promptly
* Analyze and reconcile expenditure and revenue accounts
* Prepare audit schedules for external and internal audits
From April 2005 - April 2006: Senior Accountant - Avon Cosmetics Egypt.
As Senior Accountant I am responsible for the following
* compile and analyze financial information to prepare financial statements including monthly and annual accounts
* ensure financial records are maintained in compliance with accepted policies and procedures
* ensure all financial reporting deadlines are met
* prepare financial management reports
* ensure accurate and timely monthly, quarterly and year end close
* establish and monitor the implementation and maintenance of accounting control procedures
* continuous management and support of budget and forecast activities
* monitor and support taxation issues
* develop and maintain financial data bases
* financial audit preparation and coordinate the audit process
* ensure accurate and appropriate recording and analysis of revenues and expenses
* analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues
* Analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems.
From May 2004 - March 2005: Senior Cost Accountant -Avon Cosmetics Egypt.
As Senior Cost Accountant I am responsible for the following
* tracing all costs related to products or services so retail prices accurately reflect the cost of goods in the product
* Performs activities covering materials and production costs, costs of sales, product development, overhead, etc.
* Compares actual costs to estimates and analyzes variances.
* Analyzes and monitors raw material inventory.
* Actual manufacturing costs and prepares periodic reports comparing budget costs to actual production costs; this includes product margin reporting and analytics.
* monitor and making analysis regarding the inventory of company's raw materials
* Makes the analysis of actual costs for manufacture operations and periodically makes the reports to compare the actual costs of production to the company's budget cost.
From April 2003 - April 2004: Senior Accounts Receivable -Family Cosmetics Egypt.
As Senior Accounts Receivable I am responsible for the following
• maintain up-to-date billing system
• follow up, collection and allocation of payments
• carry out billing, collection and reporting activities according to specific deadlines
• reconciliation of accounts
• monitoring customer account details for non payments, delayed payments and other irregularities
• maintain accounts receivable customer files
• follow established procedures for processing receipts, cash etc
• prepare bank deposits
• investigate and resolve customer queries
• organizing a recovery system and initiate collection efforts
• Communicating with customers via phone, email, mail or personally.
From June 2002 - March 2003: Senior Accounts Payable -Family Cosmetics Egypt.
As Senior Accounts Payable I am responsible for the following
• review invoices and check requests
• sort and match invoices and check requests
• set invoices up for payment
• process check requests
• prepare and process accounts payable checks, wire transfers and Cash payments
• reconciliation of payments
• Prepare analysis of accounts.
• Monitor accounts to ensure payments are up to date.
• Resolve invoice discrepancies.
• Vendors file maintenance.
• correspond with vendors and respond to inquiries
• produce monthly reports
• Assist in month end closing.
From May 2000 - May 2002: Accountant -Family Cosmetics Egypt.
As Accountant I am responsible for the following
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Establish tables of accounts, and assign entries to proper accounts.
• Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
• Preparing journal entries, maintaining balance sheet schedules and ledgers and account and bank reconciliations.
• Assisting with monthly closings and account analysis and supporting the senior accountant in carrying out the responsibilities of the accounting department.
• assist with preparation of monthly financial reports
• assist with accounts receivable and accounts payable
• Assist with tax computations (Sales Tax, Withholding Tax, .etc)
• account/bank reconciliations
• assist with preparation and coordination of the audit process
• assist with implementing and maintaining internal financial controls and procedures
• Reporting to Chief Accountant / Finance Manager.
• Handling daily bank transactions, in terms of cash deposits and withdrawals, in addition to preparing all correspondence required in that regard.
• Receiving all cash receipts on daily basis and reconciling against bank deposits periodically
• Initiate and process journal entries into various accounts
• Preparing petty cash expenses and settled all expenses on required.
• Resolve accounting issues and discrepancies.
• Record and tagging and managing company fixed assets, calculating their depreciation periodically.
• Preparing any financial reports and statements when required by the Chief Accountant/Finance Manager.
• Coordinate paper work and any documents or reports required from external and internal audits.
* 2011: Prepare for CMA
• 2000: Graduated from Faculty of Commerce and Business Administration, Zagazig University, Accounting Department.
• 1996: Military Secondary School.