Finance Manager
Mohamed Hilal Group
Total des années d'expérience :17 years, 2 Mois
•Strategic Planning: worked closely with the CEO and other executives to develop and execute the company's strategic plan, including identifying growth opportunities after scrutinizing market research, to carry out a comprehensive
evaluation that commenced with macroeconomic indicators, proceeded with the retail industry assessment, and ended with company's particulars analysis.
•Financial Planning and Analysis: Supervised the preparation of the financial plans, feasibility studies, simulations and valuation, and broke it down to annual budgets and quarterly forecasts. and with regular variance and performance analysis, we were able to highlight the deviations and helped in taking timely corrective actions by the respective departments.
•Financial Reporting and Compliance: used to ensure that the company's financial reports are accurate and complying with accounting standards and regulations and overseeing the preparation and filing of tax returns.
•Risk Management: Participated in the development and implementation of strategies to mitigate financial and operational risks.
•ERP: Monitored the company’s financial performance using accounting records, financial reports, and company projections to make informed decisions related to ERP Implementation (D365).
•Led the development and implementation of financial management, budgeting, and accounting policies and procedures to improve end-to-end finance practices.
•Used to supervise the month-end closure, ensured compliance with statutory tax laws and regulations, and prepared quarterly and yearly statutory
reports for board members and other stakeholders.
•Achieved a tangible improvement in the financial planning and performance analysis.
•Used to prepare annual budgets and quarterly forecasts, provided variance analysis, and investigated ways to improve profitability while mitigating financial and operational risks.
•Played a role in developing and implementing a structured credit control system to reduce default risk, resulting in lowering outstanding receivables and related provisions
Worked closely with the leadership team to formulate the business medium to longterm financial and strategic plans.
Communicated with Business Units’ heads to build their annual budgets and periodic forecasts; to incorporate all potential variables and to reasonably avoid any potential budgetary slack. Which ended-up with reasonable targets for each member.
Improved financial status by performing monthly variance analysis and investigating results, analyzing trends and recommending actions to management.
Provided monthly and regular business performance reports (Flash reports, KPIs, Dashboard, Balanced Score Card, etc.).
Created performance analysis models with which, different simulations and scenarios were being run to view the potential opportunities and areas of development.
Supported in risk assessment/management by providing debt covenants’’ monitoring reports (e.g. DSCR, Gearing, etc.).
Delivered regular competitors’ analysis and market research to support the leadership team in pricing strategies and evaluating market opportunities and risks.
Conducted detailed analysis to figure out the cost reduction/saving initiatives and potential up-lifts.
Performing preliminary pre-flash report to assist accounting team controlling process.
Financial Planning & Analysis:
Budgeting and Forecasting: prepared the budgeted financial statements, and ensuring the coordination and involvement of departmental budgets.
Prepared performance variance analysis by comparing actual performance versus budgeted figures (yearly, quarterly and monthly) and versus previous year to pinpoint the YoY growth, which summarized in dashboards, BSC, etc.
Built financial models, which timely and technically facilitated in some management decisions (i.e. preapproval assessment for the feasibility of promotions and discounts, preapproval distribution deals assessment, etc.).
Regular monitored channels’ performance and in market sales IMS, to assess the predetermined production schedules and distribution plans.
Provided daily performance analysis for each SKU, Brand, Segment,
Regular conducted a market analysis to visualize our positions and to monitor and review prices, promotions and distribution strategies.
Provided the needed financial consultancy by conducting the necessary feasibility studies for strategic decisions.
Cost Controlling:
Estimated and managed the manufacturing cost to produce goods and services, by reviewing BOMs and cost drivers for each components (DM, DL and MOH).
Analyzed the non-manufacturing costs and worked with the accountable heads to study the efficiency and propose cost effective alternatives, if any.
Conducted detailed variance analysis to highlight the nature and causality of variances and recommend the action plans needed.
Simulated, analyzed and drove contingency plans to deal with the implications of movements in macroeconomic factors (Inflation, fx rates, commodity prices, etc.) and assisted in finding out different alternatives for compensation.
Work closely with other departments to analyze and find the cost saving opportunities in period costs.
Participating and performing periodic closures, Calculating and preparing adjusting entries, Preparation of IS, BS and other supportive reports, Performing variance analysis budget and rolling forecasts, Providing management analytical supports in sales margins, Preparing analyses for Return on Investment (ROI) for specific initiatives, Cost control and raising other departments overall financial awareness by delivering presentations and training .
Commercial accounting role includes:
Trade and Marketing Investments:
• Analyze trade spend by channels, BUs, compare actual spend vs budget and In Market Sales trend.
• Calculate distributors year end bonus based on achieved sales.
• Manage month end accrual for trade investments and marketing.
• Calculate consumer promotion cost, analyze the effect of this promotion on business unit gross margin and making needed adjustments and provisions.
New Products Development:
• Work closely with marketing team in preparing financial proposal for new products rolling out projects, financial proposal used by top management to justify the acceptance or the decline of the new product rolling out.
• Providing advices to management related to NPD’s based on gross margin percentage.
Pricing:
• Responsible for granting final finance approval on pricing, and updating price structures
• Identifying price increase opportunities and threats
• Revaluating of distributors stocks in case of price increase.
Reporting:
• Elaborate profitability analyses for new SKUs/products/channels.
• Distributing Monthly KPI’s information.
• Support the Financial Controller and the team on presentations which includes financial data.
• Preparing the monthly stock report with improved analysis and insight.
Prepared asset, liability, and capital account entries by compiling and analyzing account information for a group of different companies that chose to outsource accounting functions.
Prepared tax reports (VAT, withholding, stamp taxes, , ) and adhered with the regulatory authorities’ requirements and deadlines.
Documented financial transactions by assured the custody and filling of the supporting documents for economic activities.
Recommended financial actions to direct supervision to review and propose to top mgt.
Prepared the monthly profit and loss and balance sheet reports.
Prepared weekly cash flow statements, and controlling expenditure and cash flow.
Collected and analyzed data, which is used in preparing monthly estimates and targets.
Created and submitted performance reports (KPIs, Dashboard …etc.).
Assisted with the preparation of year-end accounts and statutory accounts.
Maintained detailed listings of the contents of all balance sheet accounts.
Assisted auditors with journal entry examinations and explanation.
Assisted in the production of year-end financial statements and footnotes.
Responded to financial inquiries by gathering and interpreting data.
Performed the book keeping for companies in different industries i.e. small developers, trading, restaurants, and nonprofit organizations.
Performed and executed all types of decentralized financial transactions for clients and ensured the maximum efficient and high quality service delivery level (Time Deposit, booking, Breaking, pledging, TD release / Check book request processing / internal and external funds transfers… etc).
Acted as a customer services executive in a branch to handle customers’ inquiries on their accounts (Opening, closing accounts, issuing ATM cards, checkbooks and credit cards and any customer complaints).
Assisted in meeting the branch related target in debit/credit accounts, while maintaining the healthiness of each cases to decrease the default risk in credit cases and sustainability of debit cases. Orientation at the credit department in order to facilitate reviewing and assessing the healthiness of cases and accelerate the processing time.
Ensured the compliance with bank’s internal procedures and Central Bank local requirements and standard operating procedures.
Customer service Trainee at retail network.
CMA certified, IMA, NJ, USA Jun, 2011