Finance Manager & Business Partner
Philips Lighting Saudi Arabia
Total des années d'expérience :24 years, 4 Mois
Accomplishments:
* Continually developed & refined improvements to mitigating wastage, improve items cost and margin, increasing sales and productivity, enhancing profitability and minimizing manpower turnover ratio.
* Designed & implemented Systems to facilitate internal financial control.
* Significantly reduced cost through successful restructuring and cost saving plans.
* Helped to increase localization and local content to benefit the industrial sector and organization.
* Most valuable player / team award for various projects.
Key Responsibilities:
* Partnering with Operation Director to build industrials strategic plans, delivering value through rigorous cost management.
* Providing strategic advice on commercial allocation of capital resources under prudential constraints.
* Responsible for the overall management reporting, financial planning & budgeting, variance analysis.
* Creating and cascading annual operating plan (AOP) and forecast for operation and manufacturing based on sales budget.
* Working with Project team on Mega projects from pricing, proposal, commercial terms to smooth execution.
* Reviewing margin with market and sales team and create action plan to improve it,
* Review purchase price variances as well landed cost variances and take corrective action to improve it.
* Comparison of actual results against budget, KPIs and prior periods, together with mitigation plan.
* Driving the actions with management for inventory & operation expenses and margin.
* Providing finance support to Operations, Sales, Supply Chain, and New Product Development.
* Reviewing obsolete and slow move items and driving actions plans to liquidate it..
* Scrap Committee Member, reviewing and approving scrap quotations.
* Reviewing and approving transfer price for joint venture sales.
* Transfer price Committee Member.
* Developing presentation for monthly management meeting and quarterly board meetings for operation results.
* Share with manage gap analysis between monthly actual result VS Budget/forecast and drive action plans to mitigate it.
* Refurbishing supply chain process to stop increase stock and provision.
* Benchmarking main manufacturing items with market and analyzing between manufacturing cost and purchase cost and share the analysis with management to decide for localization benefit.
* Working in collaboration with internal and external Auditors, providing financial/ accounting information and addressing queries raised by Auditors.
Accomplishments
* Supported and drove JV implementation in 2014
* Instrumental in rebuilding the policies and procedures for accounts department.
Key Responsibilities:
* Lead a team of 12 professionals.
* Directed the finance, accounting and control functions, managed the day-to-day accounting processes, and reported the results of manufacturing operations.
* Developed a controlled and stable financial environment that delivers accurate, timely, compliant reports in accordance with international and local accounting standards.
* Responsible for Budgeting and Analysis across P&L.
* Monitored and controlled sales expenses, CAPEX and OPEX. Evaluated Actual vs. Budget and recommended mitigation plans to close gaps.
* Initiated and led analysis of financial performance on key business metrics and report financial highlights to management.
* Produced monthly & quarterly results/ financial statements within deadlines & drive performance improvement through development & delivery of robust/ insightful analysis & action plan.
* Collated monthly reports for accounts payable, accounts receivable, treasury and cash, review the DSO and DPO, consolidate financial reports for group.
* Supported AP section head to increase credit from vendors and AR section head to reduce credit to customer and increase collection.
* Supported Cost section head to control inventory, operation variances, provision, slow move items machine rate calculation, items cost, improve margin, fix and variable productivity.
* Superintended the Accounting team. Promoted a culture of high performance, continuous improvement, and exceptional team support that values learning and a commitment to quality.
Accomplishments
* Played a key role in driving and implementing significant payment process efficiency improvements.
* Supported implementation of AP module in new ERP system SAP
* Promoted the use of SAP and new software solutions to support efficiency of invoice processing. As well as reduce paper and cost through automated process in finance department.
Key Responsibilities:
* Followed and enforced expenses and payables policies, billing and payment procedures in a manner that is in the best interest of the company’s standard practices.
* Approved advance payment and enhanced advance payment procedure to make payments more secure and make control for it.
* Led the team in achieving an increased level of efficiency, turnaround times, and meeting internal and external stakeholder payment expectations.
* Authorized to sign all cheques and transfers as per company delegation of authority.
* Ensured vendors reconciliations, checked and approved all payment voucher and approve all booking entries and payments proposals.
* Established accounts payable procedure and secured approval from CFO.
* Supervised preparation of monthly management reports, ensured integrity of GL balances.
* Reduce paper and cost through automate many process in AP department.
prepare monthly salaries.
* Record sales entries for all branches.
* Record purchases invoices and inventory.
* Record all expenses for all branches.
* Make profit and loss statement and highlight gross and net profit.
* Create item code for all new purchased items and install in branches systems.
* Make reconciliation with vendors and customers.
* Make reconciliation with banks.
* make regular inventory.
* transfer new data from head office to point of sales in branches and took all data
from branches system to head office main data center.
* develop the accounting program which was in Microsoft access
* prepare financial statements and analysis it and compere the result with last
year result for same period.
our study four years in economy filed like : marketing , administration , politic and economics , financial management and the specialization at fourth year .