Budgeting & Control Senior Manager
Mobile Telecommunications Company Saudi Arabia (Zain)
Total years of experience :18 years, 6 Months
Responsibilities:
• Managing all operations related to Budgeting, Financial Reporting, Costing and Optimization Initiatives.
• Designing effective budget models for departments and the entire company.
Responsibilities:
• Preparing consolidated Annual budgets, Quarterly forecasts, analyzing current and past trends on all key performance indicators including all areas of revenue, cost of sales, expenses, capital expenditure as well as highlighting trends and causes of unexpected variances.
• Developing process of accounts analysis models, analysis per account and activity, analysis report and OPEX optimization analysis.
• Preparing monthly actual expense reports per department, to Identify and evaluate deviations from budget and forecasts, communicate with the relevant heads of departments to ensure corrective action is taken in each of the functional impacted areas.
• Weekly analysis and review of financial performance and forecasting of operational expenses, including analysis of actual monthly financial results versus budgets.
• Implementing and maintaining internal financial controls and procedures.
• Coordination and working with other departments as Business Intelligence to improve the required reports based on MIS reports.
• Review and monitoring GL, AR and AP to ensure that the books of accounts are maintained properly.
Responsibilities:
• Prepare and review financial statements of the company on monthly, quarterly and annually basis (Balance Sheet, Income Statement, Cash Flow Statement, etc.).
• Preparation of financial and performance analysis by preparing a full analysis presentation for senior management directed by the CFO.
• Weekly forecasting reports covering Revenue, Cost of Sale and Operational cost, in coordination with departments to analyze and explain variation in performance compared to plan.
• Ensuring that the Monthly and Quarterly Management reporting, comparison of Budgets and actual results, including Consolidations and analysis are prepared accurately and on a timely basis.
• Supporting the CFO with in-depth analysis of the performance of all departments.
• Prepare year end audit files.
• Leading Hyperion systems which is a reporting interface for Oracle.
• Designing and automation of all financial statements from Oracle ERP (FSG).
Responsibilities:
• Monthly Invoice and payments as per budget for Client.
• Reviewing with Finance dept. in Royal Commission for monthly invoices.
• Liaison with company and Royal Commission in all financial and official procedures.
• Control on daily financial status of the company (daily inflow and outflow).
• Prepare monthly Payroll of employees and GOSI Payments.
• Supervision of day to day cash transactions, payment runs and cheque/bank transfer preparation.
• Prepare the end of service entitlements for staff who resigned on time and the required accuracy and coordination with the direct supervisor.
• Prepare journal entries and analyze and reconcile accounts and prepare monthly financial reporting packages including income statement, balance sheet, cash flow and overhead.
• Update daily, weekly and monthly reports of financial status & other accounting related issues to the project manager
• Monthly report performance of employees in project.
• Implement management reports concerning purchases, sales & inventory.
• Reconciliation of clients & suppliers statement.
• Stock control & adjustments through physical inventories
• Preparation of all documents required by the external audit
• Prepare ad hoc analysis reports and management presentation as needed.
Responsibilities:
•Handling day to day cash transactions.
•Reconciliation of customer invoicing and supplier payments.
•Weekly Customer collection performance report.
•Sending statement of account, keep monitoring of customers recovery.
•Processing of invoices, from posting and allocation to payment orders.
•Maintaining employee’s personal data and related jobs.
•Travel booking and follow up to various destinations.
•Prepare monthly Payroll of employees and social insurance Payments (via SABB Auto pay).
•Prepare the end of service entitlements for staff who resigned on time and the required accuracy and coordination with the direct supervisor.
•Prepare reports of work injuries to GOSI and coordinate the settlement of outstanding issues.
Co-operative work experience at Saudi Aramco in the summer (Training in Checking & Auditing firm for the special projects).