Financial Analyst - MEA
Weatherford
Total years of experience :16 years, 9 Months
Member of regional finance team responsible to provide financial & operational information to Region Management and Business Unit owners.
Responsibilities:
• Provide accurate & timely reports with in-depth analysis on Revenue and Operating Profit.
• Budget planning and forecasting in coordination with BU / controllers.
• Support PLs with ad-hoc analysis and performance reports.
• Provide weekly consolidated revenue flash to region management.
• Provide support to finance team across region.
Achievements:
• Collaborate with corporate HFM team in data upload automation initiative.
• Spearheaded & streamlined reporting of MEA region shared service cost.
• Revised and redesigned process of SGA cost allocation.
• Created financial dashboards for executive management.
• Formulation and implementation of accounting policies.
• Cash forecasting and daily reporting of projected cash flows to Corporate Treasury.
• Reconciliation of Client Funds & Bank Balances in conjunction with management and Corporate Treasury.
• Supported Oracle Financials IMMS projects with UAT, validation of accounting flows & documentation.
Joined as Financial Analyst in June 2008 and promoted as Regional Consolidation Supervisor in February 2009
Responsibilities:
• Supervise month end close activities to ensure timely and accurate compliance with corporate schedule.
• Investigate and resolve BS out of balance and validation of supplemental data with top side entry.
• Analysed Revenue, COGS and Operating Profit with key commentary.
• Coordinate with controllers and stakeholder on annual budgets planning and forecasting.
Achievements:
• BPO project for F&A functions, finalized FTE, scoping, DTPs, SR, Go-Live and stabilization.
• Trained subordinates in Hyperion and JD Edwards to assist in month end close activities.
• Designed BS reconciliation template by integrating GL and HFM data which saved ~80% of time. This was later used for reconciling GL data to Hyperion reports.
• Policy and procedures to enhance work processes, promote internal controls and SOX compliance.
• Restatement and realignment of region allocation for prior years.
• Supervise accounting team and prepare consolidated management accounts.
• Provide periodical cash position and update on monthly credit facilities.
• Liaise with country executives, external auditors and local bankers.
Joined as Senior Accountant in October 2000 and promoted as Financial Analyst in November 2004.
Responsibilities:
• Collaborate with Country Manager in budget planning in coordination with BM and HOD.
• Review store level monthly financials against budget along with key explanation.
• Coordinate in operational, seasonal, buying budgets with the management teams.
• Worked with interdepartmental stakeholders on issues related to supplier payments.
• Allocate budgeted HO cost to inter-co and review semi-annually with actual.
• Review documentary credits extended to merchandise suppliers.
Achievements:
• Developed daily sales reporting tool with financial & statistical information for ~102 stores.
• Automatized recording of sales & vouching of payable with multi-currency, classification of merchandise and payment terms which increased efficiency and reliability and saved ~70% of time.
• Finalized FX agreement with an exchange house for exchanging the foreign currencies which minimized the risk of handling hard currencies.
C. A. (Inter)
B. Com.