Senior Manager Community Finance
Roshn
مجموع سنوات الخبرة :17 years, 1 أشهر
Spearheading overall responsibility for Financial Governance, Policy Making and all aspects of Financial Analysis & Reporting. Supporting leadership in managing overall P&L and ensuring accountability across departments for both revenue and spend targets.
• Instrumental in setting-up and managing the company’s Finance Department for Receivable, Payable and Treasury Management.
• Monitoring & ensuring accurate and timely Accounting, Tax Compliance, Auditsfor meeting of statutory regulations.
• Driving preparation and review of financial plans/budget for the year based on discussion with business heads and other stakeholders.
• Providing Forecast & Variance Analysis to identify areas of concern, determine difference between projected & actual results.
• Performing reviews of contracts & agreements, evaluating business risks, recommending corrective actions on the same.
• Administering Fund Flow Management/Treasury Management, Accounts Receivable/Payables- Credit Control & Debtors Follow-up, Timely Payment Processing and all queries & disputes resolution for ensuring adequate cash flow and reduced outstanding.
• Maintaining relationship with Banks, raising of Long Term/ Short Term Loans, OD facilities from Banks/ Financial Institutions to effectively meet working capital / business expansion requirements.
• Generating & providing MIS Reporting / Dashboards / Presentations for sr. management to keep a track of financial performance.
• Engaging with Business Teams for understanding trends in all areas of costs, expenses, risks and suggesting corrective measures.
• Steering automation & standardization of the reporting/ financial process requirements for driving overall efficiency.
• Directing team management functions like work allocation, performance monitoring, trainings & conflict resolution.
Managed a portfolio of Sunbulah Group Clients in collaboration with National & International Account Heads and Business Development, taking a decision on credit analysis, maintaining the Group Portfolio’s overall credit quality. Perform Financial Analysis and made appropriate recommendations to mitigate credit risks.Managed risks, primarily credit risks and implementation of appropriate limits and mitigations for new and existing Sunbulah Group customers.Supported the Sales Team on AR Aging Balance and other requested sales reports
• Led the implementation of the overall company Risk Management Framework (policies, procedures, and methodologies).
• Conducted compliance checks and credit analysis on Sunbulah Group customers and established /monitored credit limits set.
• Ensured timely review of existing portfolio of active clients, with an appropriate recommendation of rating and mitigation, considering the latest financial status and past relationship and history.
• Drove preparation of Monthly Credit Risk Management Reports, highlighting areas of concerns or concentration, if any.
• Ensured that any changes to policy and procedure comply with standards are updated in the risk management team SOPs.
• Recommended and implemented enhancements of controls, processes, modeling, and mitigation in credit risk management area.
• Understood and addressed the legal, compliance, and market-risk-related issues involved in approval of credit sales.
• ManagedCredit Insurance activities such as insuring new customers, reporting company’s overdue, andfollowing-up on claims processes.
• Ensured timely processing of customer reconciliation as per the frequency set by management.
• Reviewed and analyzed the accounts receivable aging on an ongoing basis, followed-up on overdue and aged balances (if any) with sales and finance for timely resolution. Reviewed Sales Collection Target.
• Successfully initiated the process of granting a temporary extension of credit to customers.
• Proactively monitored and maintained a healthy DSO - in line with the targets set by the management.
• Reviewed before submitting to approval for customer creation and amendments aligned with Credit Policy.
Directed a team of 19 including Finance Manager, Assistant Manager, Supervisor, Reporting Executive, and an Account Receivable Coordinator with local and exports sales. Developed financial strategy/ plans to collect installments from customers on time, identified areas for risk minimization from bed debts and customer delinquency
• Administered VAT / Zakat / Excise / Withholding Tax Matters and successfully Implemented a new system (SaleBuzz, SAAP)
• Led Tax implantation in MenaBev from AR side, as well as managed monthly output VAT/ Bi-monthly output Excise reporting to GAZT.
• Contributed in policies and workflow process strategy development and execution, tactical decision-making with senior management in making plans to achieve assigned KPIs.
• Handled MenaBev& PepsiCo Marketing Finance, presenting Monthly MenaBev& PepsiCo Pricing, worked with Revenue Team and implemented the Pricing, Credit and Account Receivable Management.
• Mentored and ledCredit Control Team for Credit and AR Managementincluding:
- Leading preparation of Credit Policies Manual and implementing it across all MenaBev Customers’ Accounts.
- Ensuring strict compliances of the established procedures in terms of issuing invoices to customers with bi-weekly follow-ups.
- Performing review monthly bank reconciliation statements and tracking long reconciling items.
- Ensuring that timely and accurate records are entered in LN Infor AR and Cash Management modules.
- Reviewing reports detailing aging of receivable/escalation of long outstanding balances to management and legal for further action
Managed a team of 3, including Finance Supervisor, Reporting Executive&Collection Coordinator. Supported Strategy Development and Execution, tactical decision-making with management to achieve budgets and assigned KPIs. Presented high-level Financial Reports and Analysis to top management monthly, covering new market trends, sales performance, retail leasing operations, collections, and receivables
• Administered Cash Flow Management, Budgeting, and Forecasting, monitored quarterly rolling cash flows, identified variances, and drove corrective measures. Prepared cash flow forecast for each project used for budgeting and planning process.
• Led the Collection Team for Credit & Collection Management, performing Review of periodic reports detailing aging of receivable and escalation of long outstanding balances to management and legal for further action. Pivotal in:
- Facilitating preparation of Collection Policies Manual and implementing it across all Emaar Saudi Projects.
- Ensuring that timely and accurate records are entered in Oracle AR and Cash Management modules.
- Reviewing monthly bank reconciliation statements and tracking long reconciling items.
- Ensuring strict compliance with established procedures in issuing invoices/letters to customers, follow-ups.
• VAT / Zakat / Other Statutory Regulations: Successfully led the VAT implementation in Emaar from the AR side, and monthly output VATreporting to GAZT. Effectively:
- Acted as the Main Lead of the SIMAH implementation project in Emaar KSA.
- Attended meetings with Ministry of Housing Representatives for implications of rules and regulations for ongoing development.
- Liaised between KPMG (Auditors) and Samba to resolve issues with Escrow Accounts to ensure smooth running of funds.
• Customer and Banking Relationship Management: Worked as a key member of Mortgage Financing, dealing with Amlak and Bidayah Mortgage Service Providers. Proactively liaised with:
- Customers to understand their requirements and agree on an affordable payment plan within approved management plans.
- Bank Representatives to open and maintain bank accounts (Escrow accounts) to ensure smooth and effective bank operations
Drove Business Development, interacted with new & existing accounts across the kingdom for developing new business opportunities. Highlighted organizational, product, or service capabilities to existing clients and prospects by rendering qualitative presentations. Administered Operations Management, collaborated with Sales, HR, and Logistics for rendering business support on the ground and at head office, and with cross-functional channels in designing and implementing effective customer retention tools.
Managed flow ranging from $1, 000, 000 -$3, 000, 000 across 3, 000 accounts. Processed account information by assessing and revising sales invoices within 30 days restriction period. Cross-checked sales inventory with sales records to maintain data accuracy. Generated reports and updated the senior management / external stakeholders on various KPIs. Interacted with children and parents for generating awareness on new products and collating feedback. Prepared briefs and commissioned research. Evaluated and updated Excel data of statistical studies.
Master of Science - Leadership & Management from University of La Verne, La Verne, CA,Grade: 3.90 2010
Bachelor of Science – Accounting from King Abdul Aziz University, Jeddah, Saudi Arabia,Grade: 3.53 2005