Financial Reporting, Planning and Analysis Manager
Zajil Telecommunication
مجموع سنوات الخبرة :21 years, 0 أشهر
Consolidated financial statements, consolidated budget comparisons, Capital budget evaluation, data analysis and presentation, treasury management, periodic forecasts, ad-hock reports, business plan preparation and presentation, payroll projections with all related accounts, business process improvement, Regolatory Reporting “CITRA”
Construction, Oil and Energy, Elecromichnical, Power Station Maintenance.
Collect objective and subjective from internal and external information to analyze quantitative forecasting tools and multiple periods of data. Review risk/opportunity for each possible scenario. Establish productive relationships with all departments and provide support in data collection, communications, and presentation preparation to fulfill oracle requirements. Gather relevant data to communicate board of directors while using advanced tools. ▪ Improved accounting process, including data collection, aggregation, and validation at all levels for all departments by shifting to Oracle e-business suite R12. ▪ Presented, analyzing periodic financial information for top management and board using advance excel tools to showcase actionable visualizing dashboarding data. ▪ Fully created and mapped organization structure, chart of accounts, GL, Sub-ledger, projects, cost, and profit centers for oracle system. ▪ Assisting accounting team in monthly/quarterly and annual closing by analysis GL accounts to ensure reliable and accurate financial information used to prepare financial reports. ▪ Full responsibility of most reports generated from Oracle system by audit and analyzing reports outputs. ▪ Recommended future financial packages for three years while reviewing projects by applying capital budgeting techniques and other metrics likes NPV, IRR, PPP, PI, and ROI. ▪ Developed and projecting different financial models according to product needs for key internal and external stakeholders. ▪ Periodic analysis of all financial data and extract relationship between multiple data, documents conclusion and recommendation to facilitate decision making.
Played a key role in strategic planning, technical accounting issues, coordination of stakeholders, and the updating of business’s accounting policies and procedures. Performed research on technical accounting issues and educated subordinates to ensure compliance with both external and internal finance/accounting regulations. Skilled in periodic reporting of all relevant financial information to the CEO for control and accountability. Ensured period reporting of sales, projected cash flows, periodic revenues and expenses statements, monthly cheques movements, and periodic cash management. Performed the capital budget technique for any new assets acquisition.
▪Prepared, compiling and periodic reporting of master budget, sought approval of top management, reviewed yearly audit reports, conducted a full analysis of audit reports by comparing with previous periods, and explained the results and corrective actions to management.
▪Diligently analyzed revenues, expenses, and cost trends for each strategic business unit to compare actual data with budgeted amounts and highlight significant deviations.
▪Provided inputs for selecting the new ERP system by attending all vendors’ sessions and wrote RFP (request for proposal) to a selection of best vendors with the best solution.
▪Consistently ensured compliance of all financial reporting and analyses with relevant authoritative accounting policies.
▪Documented policies to ensure internal control and using organization resources in an efficient and effective way.
The Al-Sayer Group is one of the major trading companies in Kuwait, specialized in Automotive Dealership, Leasing and Rentals, FMCG, Manufacturing, Insurance, Electronics Items.
HIGHLIGHTS:
• Successfully developed fully integrated budget model (Operating, Financial, Break-even) in MS-Excel for the entire group
• Designed Creditworthiness model for customers evaluation and risk assessment.
KEY RESPONSIBILITIES:
Financial Analysis:
• Accountable to analyze operating cycle periodically for each entity and accordingly develop strategic plans to reduce business operating cycle.
• Regularly analyze/evaluate operating leverage, financial leverage, capital structure, liquidity, solvency in order to meet short and long-term business goals.
• Evaluate value chain activities, highlight non-value add activities and provide recommendations for reducing or eliminating them.
• Prepare and implementing financial models to track key financial metrics for the entire organization. Interpret the company’s financial results to the senior management and recommend improvement activities.
• Analyze financial reports, review company bottlenecks and recommend changes for improving the overall level of company throughput.
Financial Reporting:
• Prepare detailed financial statements and activity reports that highlight business finances and forecasts. Also review financial reports to analyze trends.
• Develop shareholder reports and balance sheets, while ensuring accurate financial reporting throughout an organization by working closely with various departments and management.
• Provide timely and accurate reporting and analysis of the results of company’s performance again historical. Implement and maintain reporting procedures to comply with internal control requirements.
• Generate consolidated budget variance report by visual presentation using excel dashboard for quick review.
• Prepare regular contribution margin income statement to monitor margin of safety, analyze product profitability using life cycle costing technique.
Credit Management:
• Develop balanced credit procedures aligned with organizational policies. Initiate process improvement and quality reviews to simplify and improve productivity.
• Periodically analyze creditworthiness of customers by calculating age per invoice compared to payment term, turnover, average collection period, collections %, credit limit
• Interface with sales team to communicate credit decisions and ensure timely review of new customers. Analyze overall profitability of customers and suggest strategic plans to enhance customers’ sales.
Budgeting:
• Manage master budget and calculate variances on monthly, quarterly basis with explanation and suggestions. Provide inputs to Department Heads for preparing their annual budget in a timely manner.
• Accountable for operational and financial budget, ensuring all budgetary activities of organization are completed within time and are as per set process.
Known as ‘BIG’, Beyout Investment Group is a large investment holding company that provides human resources solutions and life support services through its subsidiaries and Real Estate Facilities.
Real Estate
HIGHLIGHTS:
• Significantly reduced operating cash flow by more than 12, 000 KD annually, using legitimate and legal technique
• Developed collection pattern using MS-Excel which assisted in reducing average collection period from 45 to less than 30 days.
• Managed transformation of financial data from ''focus system'' to ''SAP Business One'' with 100% accuracy.
KEY RESPONSIBILITIES:
Financial Reporting:
• Prepared detailed internal financial statements and reports, maintaining the highest quality, reliability and accuracy. Provided financial statements & reports to BIG on time for consolidation purpose.
• Developed and maintained the integrity of the financial reporting process and financial controls.
• Performed high level reviews of financial statements to verify their accuracy and to find ways to limit or reduce costs. Identified financial reporting issues and drove resolution of these issues.
• Interpreted the results of financial statements to top management and assisted to make important financial decisions that will affect the company’s budget and finances.
• Provided timely and accurate financial projection updates to the senior management, identified risks and opportunities along with recommendations.
• Prepared comprehensive reports, abstracts, and charts to present data and guide investment strategies. Checked the minute details of financial reports to ensure that all legal requirements are met.
• Monitored incoming and outgoing payments to ensure accurate, timely booking for more than 1 million of monthly cash turnover.
• Worked on different modules of "SAP Business One" including Financial AP, AR, GL, BP, Banking, P&L and BS to generate accurate reports.
Financial Analysis:
• Applied horizontal analysis, liquidity analysis, capital structure analysis and profitability analysis to analyze financial statements and reports.
• Conducted quantitative analysis of financial data in order to forecast revenue, identify future trends as well as assess risk associated with capital expenditures.
• Calculated growth rate of individual line items on BS, IS, compared to base year.
• Performed comparative analysis of financial statement with competitors, industry average for better performance evaluation, and highlighted positive and negative results.
• Analyzed, ranking profit centers, investment centers as per periodic calculation of operating income, rate of return with the help of pivot table technique, DuPont model Analysis.
• Delivered ad-hoc analysis and developed financial models to better understand performance, trends and impact of decisions.
Liaison & Coordination:
• Coordinated with external auditors with regards to external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues
• Liaised with external auditors for annual audits and quarterly review activities. Communicated all financial law and regulations to the team and management to assure financial compliance and avoid occurrences of non-compliance.
• Oversaw functioning of the accounting department to ensure that they are aware of and follow all up-to-date policies & procedures as well as to resolve any reporting errors or discrepancies.
Dia Behbehani Group - Alba Real Estate is a General Trading and Contracting Company that provided a wide range of office and home furniture, interior solutions and sports equipment to the market
Constuction, Real Estate and Retail
HIGHLIGHTS:
• Provided assistance to the Financial Controller in maintaining company’s financial leverage by established special purpose entity.
• Assisted senior management in implementing capital budget technique.
• Contributed to safe company assets over inventory by re-arranging the process of document cycle between Store Department and Accounting Department.
KEY RESPONSIBILITIES:
• Reported to the Financial Controller with the responsibility of preparing and analyzing financial statements, preparing cash flow projects, analyzing financial data and reviewing aging schedule
• Participated in preparation of annual budget, prepared periodic budget reports and submitted them to senior management.
• Analyzed revenue, expenditure trends and accordingly provided recommendations to management for appropriate budget level to achieve organizational objectives.
• Analyzed complex financial information and reports in order to provide accurate and timely financial recommendations to management for decision making purposes.
• Responsible for daily, weekly and monthly cash management to meet all bank debts and maintain creditworthiness of the organization.
• Prepared financial reporting package and submitted to the Financial Controller. Developed financial models and analysis to support strategic initiatives
• Evaluated building investments based on accounting rate of return, payback period, discounted payback, discounted cash flows, internal rate of return and profitability index.
The Al-Sayer Group is one of the major trading companies in Kuwait, specialized in Automotive Dealership, Leasing and Rentals, Heavy Equipment, Software and Hardware solutions, Insurance, Tyres, Oil and Paints
Retail
HIGHLIGHTS:
• Successfully achieved deadline for yearend closing with accumulated works for more than 4 months
KEY RESPONSIBILITIES:
• Managed a full accounting cycle from accounts payable, accounts receivable, reconciliation, and month-end closings to year end reporting in compliance with established practices.
• Responsible for operational management of accounts department, including debtors and creditors ledger, accounts payable and receivable, wages and salaries.
• Managed and executed complete cycle of direct foreign purchase, letter of credit as well as calculated cost. Supervised general ledger accounts to ensure accuracy and reliability of data output.
• Responsible for financial reporting and statement preparations, as well as closing out the quarter. Examined financial statements and documents for compliance with accounting requirements and principles.
• Developed detailed reports on costs, productivity, margins, and expenditures and offered financial recommendations.
• Worked with Department Heads to assess financial status of the organization and identify methods for cost-reduction and efficiency improvements.
• Calculated payroll on monthly basis including leaves and indemnity.
• Provided assistance in budgeting and auditing tasks. Liaised with external auditors for successful audit completion and prepared full audit file.
Manufacturing
KEY RESPONSIBILITIES:
• Supervised accounting data entry, verified accuracy of accounting records, assigned appropriate accounting heads to business transactions, posted journal entries and passed rectification and adjustment entries as required.
• Prepared monthly bank reconciliation statements, approached approved banks to secure short-term and long-term funds and handled disbursement of working capital to ensure uninterrupted operations and raw material sourcing.
• Managed accounts receivable, followed-up with debtors to ensure receipt of money as per the credit policy, resolve invoicing discrepancies (if any), and issued acknowledgements for all bills paid by debtors.
• Conducted process audits and exercised effective internal control to ensure required compliance with statutory requirements and process workflows.
• Recorded cash and bank transactions, fund transfers and updated the internal system promptly to reflect the accurate cash / bank position.
• Prepared cost sheets for various production batches in a given accounting period, apportioned overheads to appropriate cost centers, bifurcated direct and indirect costs judiciously as per accounting standards and exercised effective cost control under the guidance of senior personnel.
PREVIOUS ASSIGNMENTS:
• Oct 2002 - Jun 2003: Accountant - Bookkeeping, Kuwait Landscaping and Guarding Maintenance, Kuwait
• Jan 2001 - Sep 2002: Junior Accountant - Bookkeeping, Red Sea Club Co - Hotel Catering, Egypt
Strategic Management, Strategic Planning, Strategic Implementation, Strategic Formulation
Analysis/Projection, Models And Analytic, Business Communications, Concepts of Business And Finance, Business Partnering, System and Technology.
Financial Management
Economic, Management, Mathematics, Financial Accounting, Cost Accounting, Statistic, Auditing, Computer, Tax Accounting, Corporate Finance.