Finance Manager – Budgeting and Commercial
Kellogg Egypt
Total des années d'expérience :24 years, 5 Mois
- Build a solid business partnership with the commercial team and all internal and external departments and stakeholders to drive business decisions that maximize sales values.
- Contribute to the development and implementation of the commercial strategy, adapting reporting tools, improving and developing reporting processes.
- Manage division customer and distributor P&L, including commentary and action plans.
- Participating in the annual strategic planning and budgeting processes. This will include establishing assumptions, spreadsheet modelling, consolidation, analysis and presentation preparation to key stakeholders in the business.
- Preparation of the monthly forecast and quarterly business review for all functional areas of the business and related subsidiaries.
- Reviewing and updating cost and expense trend reports, and analysing variations ensuring alignment with the forecast.
- Provides financial analysis for relevant issues that could impact the business.
-Produce a full financials statements budget which includes Profit & Loss, Balance Sheet and Cash Flow.
-Full revision for the budget twice per year in May and September
-Ensuring that CONTROL (budgeting, reporting and consolidation system) is updated with budget and the revised versions in a timely manner
-Perform a monthly revise to the latest forecasted P&L using the latest monthly sales volumes forecast and updating any major changes
-Perform a monthly Cash Flow forecast
-Provide a detailed profitability analysis by brand and by channel to management in order to make proper pricing decisions
-Provide a monthly management deck contains actual vs latest forecast and a cause of change analysis
-A monthly set of reports for actual includes: Flash Report (P&L), Balance Sheet, Net Margin per unit, AR Ageing and Stock level report
-Provide any analysis required by management or head office.
-Produce, analyse and explain quarterly forecasts for all Balance Sheet, Profit & Loss and Cash Flow items for Egypt including monthly explanation of all variances to budget, previous forecasts and prior year at the agreed timeliness.
-Monthly presentation to top management to highlight the financial performance vs KPI’s and identifies any opportunities and risks.
-Budgeting, tracking and controlling of overheads for all the functions.
-Ensuring that HFM is updated in a timely manner for Company plans, Quarterly Business Reviewes (QBRs) and Statutory Reporting and for verifying that uploaded forecasts conform to previously communicated expectations.
-HFM reporting includes P&L, BS, CF, Brand P&L, Sales Volumes, Overheads and Headcount
-Comment on the HFM reporting variances to Budget, prior forecast and SPLY.
-Ensure the delivery of value added cross functional planning support.
-Engage with Budget holders to understand the main drivers and seek for opportunities to reduce costs.
-Provide full analysis & explanations of actual vs. targets to the different stakeholders.
-Improve the accuracy of P&L and Cash Flow forecasting.
-Act and seen as a business partner within the organisation.
--Egypt Project Manager for two regional projects.
-Prepare a quarterly Balance Sheet, P&L and Cash Flow for HFM Statutory reporting.
-Ensure an accurate and timely monthly, quarterly and year end close.
-Ensure all the accounting treatments are properly managed according to the accounting standards.
-Provide a monthly check list file with all the required analysis for major balance sheet accounts.
-Prepare and review all Journal entries that affect the GL.
-Supervise the general ledger group to ensure all financial reporting deadlines are met.
-Managing and leading the Accounts Receivables, Fixed Assets and Stock Controller team.
-Assist in development and implementation of new procedures and policies to enhance the workflow of the department.
-Ensure the delegations of authority are applied.
-Key contact person with external and internal auditors.
-Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development of staff.
-Handle personnel issues relating to staff conflicts, performance issues, etc.
-Monitor all Joint Venture transactions between BAT Egypt and Eastern Company.
-Prepare a monthly P&L for the Joint Venture.
-Reconcile all revenues and costs with Eastern Company on a quarterly basis.
-Prepare quarterly D/Ns to Eastern Company for Marketing expenses, Storage and Transportation fees.
-Prepare a weekly credit note to Eastern Company for Viceroy sales revenue.
-Prepare the QBRs and Co-plan P&L and Cash Flow of the Joint Venture.
-Participate in BAT Egypt various projects.
-Co-ordinate and control all operations expenditure, variable costs and operations driven assets across production and primary supply chain costs.
-Provide financial advice and management information on all manufacturing costs (Process, Support, Other) as well as waste figures and stock durations.
-Develop financial knowledge and commercial awareness within the Operations department.
-Co-ordinate and participate in the preparation of the Operations section of the CoPlan and QBRs. This includes preparation of production expenses, variable costs, and stock management, as well as operations and quality statistics.
-Assist operations Manager to identify opportunities to reduce costs and waste levels within the planning process and on an ongoing basis.
-Reviewing all cash & credit sales invoices, reconcile cash sales to the cash money.
-Prepare a weekly trade debtors aging report.
-Responsibility of monitoring the credit given to customers and engage with Trade team to collect overdue invoices.
-Assist in preparing the company credit policy.
-Responsible for the prepayments, staff floats, inter-company.
-Responsible for the company’s Fixed Assets including CAPEX budget, additions and disposals.
and on an ongoing basis.
-Responsible for all financial transactions in Cairo branch (Petty cash, stock movements, cash and cheques collections, credit sales)
Grade: Good