Budgeting and planning Supervisor
Smasco
مجموع سنوات الخبرة :18 years, 5 أشهر
Currently working at SAED International for Istiqdam “Secondment”
methods and opportunities to enhance financial efficiency and minimize operating costs.
•Coordinate with International Marketing section head to allocate budget in accordance with marketing initiatives.
•Confirm pricing strategies and promotional efforts devised by International Marketing.
•Work with banks to issue / amend letters of credit to facilitate International Business dealing.
•Collaborate with GCFO to identify major financial metrics, business opportunities and risks for Finances incurred.
•Work with Head of international sale country manager and markets development managers on distributor payments / relations and recommend credit ceilings accordingly.
•Work with GCFO to facilitate the development of financial statements.
•Collaborate with tax officials to resolve tax‐related issues. * Supervise the expenditure and budget allocation for all activities conducted.
•Oversee completion and accurate billing to relevant partners.
•Monitor payment collection and indebtedness of distributors / relevant partners.
•Analyze monthly expenditure and statements produced by relevant departments.
•Prepare monthly reports in coordination with Country Managers and Market Development Managers, and submit to both GCFO, and head of international sales.
monthly & quarterly financial statements with necessary cause of change versus prior month & prior quarter.
•Review biweekly balance sheet, cash flow, and A&M accounts & advise planning team with the estimated outlook figures for AOP & Quarter Forecast.
•Quarterly analysis of balance sheet, cash flow, and A&M according to HFM submission.
•Quarterly financial analysis of reports required by Reporting as per reporting agenda.
•Ensure conducting the A&M and Treasury/Insurance self RA plan twice a year according to the CA / IA deadlines to review the risks in the cycle and set the mitigated controls.
Cash & cash equivalents
•Review monthly bank reconciliations & investigate any significant reconciling items with FSS.
•Review & analyze monthly aging of bank reconciliations & verify justifications.
•Review & analyze bank overdrafts, ensuring proper cash management and verifying proper interest calculation through computation and comparing to bank statements & applicable interest rates. Verify calculated interest is correctly recorded in the relevant P&L accounts.
Other Accounts
•Review, analyze, and ensure accuracy of the following accounts:
•Income tax
•Royalty expense and related taxes
•Interest income / Interest expense and related taxes
•Exchange rate gain/loss and related taxes
A&M
•Assist the manager to implement the relevant policies and procedures for marketing tracking, accounting and reporting
•Ensure marketing spend within policy and Plan/Forecast and prepare monthly reports reflecting actual spend vs. Plan/Forecast
•Ensure accurate and documented accruals in place at year-end
•Analyze prepaid marketing accounts on a regular basis
•Prepare accrual fall in/out schedules and communicate to Marketing / controller and FD.
•Assist the marketing manager to evaluate activities.
•Prepare a monthly management report for Senior Management to report actual spend and commitments (POs) made and comparison Vs. Plan/Forecast
•Complete special projects as requested by management.
•Prepare the sales curve on a monthly basis.
•Reviewing 100% of marketing POs on a monthly basis, to ensure the accuracy of the charging the service to the right WBS and matching the quotation to the PO.
•Perform a quarterly hard close.
•Ensure settling all marketing advances timely.
•Amortize all related marketing prepayment.
•On boarding to all new hires from marketing on financials.
•Ensure correct and accurate utilization of the A&M accrual.
•Quarter reconciliation with OMD and BBDO for media benefits.
•Review all advances supporting documentation.
•Assist in the Risk assessment, GCS and fraud RA sessions.
Worked at DrBridge LLC (IT / Health care)
the external audit of the company accounts and financial transactions to ensure compliance with statutory guidelines.
•Consult with managers to ensure that budget adjustments are made in accordance with business changes.
•Inform the management decisions by analyzing financial information to forecast business.
•Develop internal control policies, guidelines, and procedures for activities such as cash and credit management, accounting and online payments.
•Manage 2 Accountants performing financial reporting, accounting, billing, collections, payroll, and budgeting duties
•Key lead in establishing the budget and compare Vs actual and forecast to ensure no variances if any and have a solid business justification for any variances more than 5% threshold.
•Treasury management and monitoring the cash flow to ensure the cash coverage for the business operations.
•Support the business with bi-weekly analysis to monitor the growth of the business and identify any risks in the sales process.
•Review operating budgets to analyze trends affecting budget needs.
the evaluation of revenues performance through generating profitability reports such as P&L by brand, customer & distribution centers.
•Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
•Gather and organize information on problems or procedures for the Purchase to Pay cycle "P2P" to ensure compliance with the control agenda.
•Analyze data gathered and develop solutions or alternative methods of proceeding. Design, evaluate, recommend, and approve changes of forms and reports for the Purchase to pay cycle in accordance with related parties in the business.
•Develop analytical tools to address issues such as profitability or optimization, performance measurement, profit and loss measurement.
•Maintain and modify all analytic models in use such SAP enhancements to support data collection and continuous improvement projects
•Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope such as BI "Business Intelligence" tool for reporting.
•Lead a smooth transformation to IBM for Snacks Market unit to ensure processing of payments to vendors and identifying root causes for any issues in the process causing turbulence to the business.
and generated on a monthly basis the Finance Shared Service Center KPI’s measured & announce the results, to be sent to the region.
•Prepare and evaluate operational reports and schedules to ensure accuracy and efficiency verse benchmark in other markets.
•Set goals and deadlines for the department and identify the continuous progress projects
•Analyze internal processes and recommend and implement procedural or policy changes to improve operations, such as supply changes or the disposal of records.
•Participated in the budgeting process of the Finance Shared Service Center, defining activities and timetables integrated budgeting process of the market units.
•Prepare and conduct monthly meeting with the customers to report the Service Level Agreement and costs, identify new "issues" and report the progress with regards to actions to address the "issues" identified.
•Handling & responsible for accounting for a trade company subsidiary to PepsiCo.
•Sharing in the Continuous Improvement plans & process simplification mega projects in PTP cycle (Purchase to pay).
Worked at Jacob Delafon ( KOHLER EGYPT)
and prepare the monthly financial statements, business activity reports, financial position forecasts and annual budgets.
•Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
•Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
•Assisting in financial planning and financial projection including calculation of profitability index to identify which projects to be invested.
•Report the company’s profitability per SKU & Market.
•Provided the Department Heads with their monthly expense performance vs. Budget so that they would be aware of how their department was performing compared to the Budget.
•Monitor financial activities and events in accordance with generally accepted accounting principles (GAAP) and details such as reserve levels to ensure that all legal and regulatory requirements are met.
•Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
•Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
•Receive cash and checks and make deposits
•Track the capital budget expenses on a monthly basis & report it to the management.
•Supervise on 3 subordinates; A- Cashier B-Treasury C- Collector
•Delegate authority for the receipt, disbursement, banking, and custody of funds, securities, and financial instruments.
•Develop and maintain relationships with banks, audits, and third parties such as vendors and customers to facilitate financial activities.
Worked at El Mohandas JOTUN for Paints
collection reports to determine the status of collections and the amounts of outstanding balances.
•Classify, record, and summarize numerical and financial data to compile and keep financial records, using journals and ledgers or computers.
•Receive, record, and bank cash, checks, and vouchers.
•Transfer details from separate journals to general ledgers through ERP system "BPCS" IBM, compare computer printouts to manually maintained journals to determine if they match.
•Perform financial calculations such as amounts due, interest charges and generate customer debts aging report, comparing debt terms against credit terms.
•Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.
•Compile financial, accounting or auditing reports and tables pertaining to such matters as cash receipts, expenditures and accounts receivable.
•Code documents according to company procedures.
•Reconcile or note and report discrepancies found in records.
•Report VAT revenues to responsible personnel in each sales segment and collect required tax exemption documentation and reporting failed documents to Taxation Department for necessary action.
•Owner of Customer Database (CDS) for all JOTUN customers and obtaining the required legal documents ( Tax Card, Commercial Registration and the exemption documents if available), making sure that all documents are fulfilled and updated.
with customers.
•Organizing the library.
courses: Writing and Reporting Certified from "IMI" –
courses: the study at Maastricht Management School (RITI) for MBA. •American university in Cairo: Professional Certificate in Accounting & Finance
– Grade "Good" •