Financial Controller
International Holding Projects Group - IHPG
مجموع سنوات الخبرة :23 years, 10 أشهر
Report to the Group CEO & manage several roles including the following:
A-Financial controller: -
•As a member of the top management team, contribute towards the formulation and implementation of operational plans that enable the achievement of overall financial and Strategies plans.
•Participate in the decision-making for all companies’ activities.
•Lead and control the staff of the Finance and Information Systems Department to ensure that they are appropriately motivated and trained and carry out their responsibilities to the required standards.
•Provide information and advice on financial management, financial control and procedures, and information systems, to the Board, directors, and staff to ensure that the company’s mission and financial and IS objectives are met.
•Act as the main point of contact with external auditors and provide them with all the required information.
•Carry out any necessary internal audit reviews and monitor the financial effectiveness of systems and controls.
•Oversee the preparation of the company’s financial accounts to ensure that these are presented accurately and on time.
•Negotiate and control all financial and IS contracts to ensure that services provide optimum value to the company.
•Review all company pricing and cost methods and assure that the BU finance team adhering for it.
•Cooperate with the BU finance team in dealing with the financial institution to maintain the required financial and banks facilities.
•Keep running the Dupont analysis to assure the group is achieving the target ROE and its component of leverage, efficiency & profitability.
B-Budgets & short-term plan (operational plan): -
C-Financial Analysis & Reporting: -
•Develop & Create reporting modules for Finance including the (budget, monthly financial report, weekly sales performance & high interesting point analysis, Ext.)
•Produce accurate and timely financial information reports about the company’s financial status and performance to enable decisions to be taken relating to the company’s financial strength and security.
•Continuance analysis of the main KPI through develop a live Interaction dashboard using advanced excel features and Power BI to monitor the main KPI.
•Raise flags if there big positive or negative deviation from the plan and investigate the reasons behind it BU management then provides the management with a recommendation to take quick corrective or improvement & development actions.
D- Feasibility Studies: -
E- Develop & assist in developing group policies & procedures.
** Main Achievements:
•Manage the strategic planning team & set the 5 years strategic plan of the group.
•Set and implement a full budget process for group and subsidiaries company in a different industry (Holding company, manufacturing and industrial, contracting - steel structure, entertainment, agriculture, real estate, trading).
•Implement ERP (Microsoft Dynamics AX) for group level and subsidiaries in a different industry (Holding company, manufacturing and industrial, contracting - steel structure, entertainment, agriculture, real estate, trading), manage the full project from choosing the system and choose the partner, hire indoor team and manage the full implementation with the partner (External consultant) for one company and with the internal team for other 22 company in Three years.
•Develop new modules (Other than standard AX modules in AX with the indoor ERP team to cover the urgent need for the group).
•Develop business intelligence reports, which is live data and reflect very important information (KPI) for the executive and top management, using my skills in finance (change the way of the finance team working, ERP (extract the live data and smart implementation), Excel (Power queries, power pivot DAX), Power BI (interaction dashboard).
•Prepare and make full feasibility studies for the School complex project (Three school), administration, and commercial complex in Egypt & resort in Egypt.
Report to the Group CFO, and provide the financial management for Four factories, water factory, Canned food factory, Tomato paste factory, vinegar factory.
•Responsible for the financial health of the company.
•As a member of the Area management team, contributes towards the formulation and implementation of operational plans that enable achievement of overall financial plans and Strategies.
•Coordinating & lead the annual budgeting process.
•Responsible for ensuring that company financial and managerial transactions are carried out and reported in accordance with the set policies and procedures and as per applicable legislation in the respective locations within the Area.
•Present the monthly financial result with financial Analysis including a.) comparison of actual to budgeted results and the communication of variances to management along with recommendations for improvement, b.) continuing review of revenue and expense trends and the communication of trend results to management along with recommendations for improvement, c.) periodic compilation of business cycle forecasting statistics and the communication of this information to management, along with predictions related to the impact on NCF operations.
•Establish and maintain a control system for checking, reconcile & control the direct sales process.
•Participate in the SAP implementation improving project & participate in a handheld implementation project.
•Produce the full feasibility study for new factories and new production lines, starting from collecting data, investigate it, calculate the main ration to determine the feasibility of the project, get BOD approval, finalize the financial of the project, and monitor and control the procurement and execution.
•Assure that’s all financial transactions are recording on the time and accurate as per the group financial standard.
•Prepare all external auditor requirements with cooperation and coordination with the central finance department.
•Deal with internal audits and provide all required analyses and justifications.
•Calculate and update the Standard cost of all products and maintain it.
•Analyze the actual cost and investigate any variance and communicate with the production manager to set the proper correction plan.
•Monitor the COGS & FOC.
•Monitor and analysis the account receivable and communicate directly with export customers and main local customers to improve the AR turnover.
•Analysis of the profitability of the sales per item & customer to and give commentary and recommendation for the sales manager to maximize the profitability.
** Main Achievements:
•There was a challenge of financial control of the cash van fleet (Direct sales vehicles) so I set a procedure and solve this issue with full financial control and implement it on SAP and share for all group companies.
•I made the full feasibility study of new lines of bottled water with different scenarios.
•Participate in the SAP implementation improving project.
•Participate in the handheld implementation project & integration with SAP.
•Create a first Dashboard in the group to monitor the main KPI and link it directly with the SAP DB.
•Participate in the project to upgrade the HR module in SAP for the group.
•Develop several reports from SAP like production cost variance report & CASH van cycle monitor report.
•Reduce the deadline for issuing the monthly financial report package from 7 days to 1 day from the next month.
• Responsible for the financial health of an organization.
• Prepare Local Authority matrix as per Group Authority matrix.
• Prepare, Implement & control Local procedure for Warehouse, Purchasing, Sales, Receipt and Expenditures.
• Prepare, Implement & control Local Credit control & Petty Cash Policy.
• Check & approve all financial transaction as per Local Authority matrix.
• Prepare the manufacturing cost structure & define the basis of allocate the overhead on the production lines & on the product.
• Calculate the standard & actual cost for each item & analysis the variances.
• Develop the organization’s funding base to secure present and future service delivery.
• Liaise and negotiate, as appropriate, with the funding sources on future service delivery initiatives and developments in conjunction with the operations Manager.
• Maintain appropriate relations with founders and make reports as necessary, ensuring compliance with any contracts.
• Prepare & Issue Monthly Financial Report, With Full analysis (Income statement, Cash flow & Balance sheet) & ratio for monthly result.
• Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
• Setting the price structure for finished goods for each item separately.
• Prepare feasibility study for capital expenditures and provide recommendations.
• Project manager for Scala (ERP System) implementation in Fine Kuwait.
• Work with internal and external auditors during reviews and audits.
• Lead the projects of preparing the annual budget with assure to get the accurate information from all departments with the time meaner & get the BOD approval.
• Prepare the budget and projection (Projected balance sheet & income statement & projected cash flow).
•Maintain day-to-day financial control of the operations within budget agreed by the board.
•Member of tenders committee to set the price & attend the preparation meeting for tender over 300, 000KD & responsible for ensuring that all document & information are accurate & compliance with tenders requirement, Responsible to close the tenders & submit on time.
• Take responsibility for overall management and delivery of the business plan.
• Responsible for the financial health of an organization.
• Participate in the decision-making for all company activities.
• Develop the organization’s funding base to secure present and future service delivery.
• Liaise and negotiate, as appropriate, with the funding sources on future service delivery initiatives and developments in conjunction with the operations Manager.
• Maintain appropriate relations with funders and make reports as necessary, ensuring compliance with any contracts.
• Identify opportunities for funded development of the service and to submit bids and applications accordingly.
• Prepare & Issue Monthly Financial Report, With Full analysis (Income statement, Cash flow & Balance sheet) & ratio for monthly result.
• Provide and interpret monthly comparative financial statements and provide recommendations where necessary.
• Member of tenders committee to set the price & attend all preparation meeting for tender & responsible for ensuring that all document & information are accurate & compliance with tenders requirement, Responsible to close the tenders & submit on time.
• Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
• Ensure, delegating as appropriate, that each service location is adequately managed, staffed and resourced.
• Ensure all licenses & government required are maintained properly & updated all time.
• Overview of Policies and Procedures, Employment and Agreements.
• Follow-up the banks transactions as latter of credit, latter of guarantee, loans and deposits.
• Manage the Department Section of Personnel and Administrative Section.
• Lead and manage a team of Ten professionals, including selection/hiring, objective setting, performance management, coaching/development and training.
• Responsible for the monthly close as well as maintenance of all accounting ledgers including monthly review of all account reconciliations and journal entries.
• Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as the year-end financial reports.
• Provide timely explanations of variances between actual results and forecasts/budgets; provide corrective action recommendations to management, where necessary.
• Oversee the General Accounting processes of Inter-company, Fixed assets and Accounting and financial reporting of all entities.
• Implement Firm’s Accounting Policies and interpret guidance in regards to accounting transactions.
• Ensure completion and review of all balance sheet reconciliations and identify and communicate findings.
• Liaise effectively with finance constituents on financial accounting and reporting deliverables, issues and process improvements.
• Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
• Prepare the budget and projection (Projected balance sheet & income statement and projected cash flow).
Sales & open new channels.
Passed all exams and get confirmation email confirmed that I'm eligible for graduation in June 2020.
