Financial Planning and Reporting Manager – MENA (Reporting to MENA Group CFO)
Olayan Food Division
Total des années d'expérience :21 years, 11 Mois
Managing financial and strategic business planning, budgeting and forecasting, consolidation of financials, and corporate finance. Overall responsibility for regional finance, acting in compliance with the policies in force within the Group
● Leading financial planning and strategy
● Working capital management for the group
● Analysing and reporting on financial performance
● Capex monitoring with feasibilities and progress
● Overseeing audit and VAT functions
● Developing and implementing accounting policies
● Preparing forecasts and comprehensive budgets
● Scenarios modelling, Advanced MS Excel users with VBA coding
● IFRS16 implementation across MENA with 400+ leases
● Assessing, managing, and minimizing risk
● Analysing complex financial data
● Managing internal controls
Worked with the responsibility of regional financial reporting, strategic planning, budgeting and forecasting
• Group Management Reporting and Consolidation
• Business unit plans, KPIs
• Business Units level annual budgeting and rolling forecasts
• Operational performance, and quarterly business review with the business unit
• Commentaries on variances analysis
Managed reporting and budgeting process for two entities, coached finance team to improve transaction-processing operations, control systems and policies and procedures
• Preparation, analysis and reporting of periodic performance and operational reports and submission of financial reporting pack to group office
• Refined management reporting to incorporate and evaluate required key performance indicators and follow business profitability
• Monthly operating results and analysis of cost and analyse main variances
• Ensuring operational areas are managed efficiently, expenses are on target with projections, companies are operating within budget and Group internal control procedures are implemented
• Managed 11 people diverse multi-cultural finance team while Finance Manager on vacations
Achievements
√ Led the COGS and Sales posting integration process with POS (front office) to Dynamics Great Plain which significantly reduced time and workload
√ Developed an Excel-based QSR financial model for top management reporting with dashboards for decision making
Managed financial reporting and budgeting process, provided support and improvement across finance department to improve transaction-processing operations, control systems and policies and procedures
Supervised the Finance, Corporate Affairs and Taxation departments and Financial Reporting and Comparative Analysis
• Maintaining financial control of the company within agreed budget heads.
• Providing support to Senior Finance Manager in formulating monthly, quarterly and yearly financial and other reports
• Ensuring appropriate financial regulations and controls are in place and in use at all times
• Researching and reporting on factors influencing business performance
• Created, developed and maintained accounting spreadsheets used in the Finance, Operation, Marketing and others dpt. to systemize their work and improve efficiency
• Synchronize financial and non-financial H.R. data in MIS reporting
• Assisted to Senior Finance Manager in conducting P&L Review meeting with operation team and discussing each Restaurant P&L in detail, document key information and decisions as required, and advising improvement factors to increase efficiency
• Suggested changes to Finance department procedures as identified and be involved in the continuous improvement development of processes
• Producing accurate financial reports to specific deadlines
• Supervised 14 people staff from Junior Officer level to Assistant Finance Manager level through establishing an effective work climate, balancing the needs of employees and the company, built leadership throughout the department, recognized and acknowledged good works, reduced stress factors in the department as much as possible
I have been worked in two audit firms directly under the supervision of Chartered Accountants.
During this tenure I was responsible for planning, execution and finalization of financial audits, handled corporate and tax affairs. I have conducted statutory audits of various public & private limited corporations and gained business understating of Shipping, Insurance and Textile industry.