Regional Finance Manager
GETINGE
Total years of experience :22 years, 10 Months
• Analyze and reconcile monthly reports for input and finalization of financial accounts to ensure correct and timorous reporting of monthly financials to Head office.
• Compile monthly financial packs to ensure correct reporting and timorous submittal of results to Head office.
• Administer and implement all required year end accounting procedures to ensure accurate finalization of annual financial statements.
• Assets verification and maintain register.
• Oversee and control all creditors’ payments and debtors’ receivables to ensure correct and timorous payment of creditors/debtors in terms of policy and procedures.
• Analyze and report on expenses.
• Develop and implement Best Operating Practices relating to the abovementioned and report on non-compliance.
• CB & GL entries & maintenance.
• Monthly reconciliations of all accounts.
• Cognos Controller reporting.
• Statutory recons and payments (as and where applicable).
• Annual Budget and Quarterly Forecast assistance
• Co-ordinate with Sales Managers for Order Forecast
• Co-ordinate with Order Processing Team for Sales Forecast
• Co-ordinate with Order Processing Team to make sure the sales target for the month is met.
• Analysis of order before being processed
• Cash Management
• Analyzing the draft letter of credit and making sure all the conditions can be fulfilled. Coordinating with order processing team to make sure the order is processed as per the Letter of Credit. Liaising with the bank for submitting documents/discrepancies.
• Liaising with external auditors
• Implementing processes to mitigate fraud risk
• Verifying travel expense claim and timely payment of the same
• Payroll payments
• Making sure all Tecom-regulations are complied with (renewing trade license, renewal of rental contracts, employee resident visa etc.)
• Conduct morning team meetings and update the GM regarding daily operations
• Inter-company reconciliations
• Maintenance of Demo Stock Register and Stock Reconciliation
• Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.
• Effective Cash Flow Management
• Monitoring budgets and comparing them with actual cost and revenues related to production, marketing and capital.
• Coordinating the preparation, maintenance and filing of projected P&L Account
• Coordinate the preparation of Financial Statements, Financial Reports for internal usage.
• Getting control accounts reconciled and sorting out the discrepancies
• Implementing training courses for new recruits
• Collating, preparing and interpreting reports, budgets, accounts, commentaries and financial statements;
• Undertaking strategic analysis and assisting with strategic planning
• Formulating strategic and long-term business plans;
• Researching and reporting on factors influencing business performance;
• Undertaking research into pricing, competitors and factors affecting performance
• Developing financial management mechanisms that minimise financial risk;
• Conducting reviews and evaluations for cost-reduction opportunities;
• Managing a company's financial accounting, monitoring and reporting systems;
• Liaising with auditors to ensure annual monitoring is carried out;
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and Business Partners.
• Producing accurate financial reports to specific deadlines;
• Managing budgets
• Arranging new sources of finance for a company's debt facilities;
• Supervising staff
• Keeping abreast of changes in financial regulations and legislation.
• Lead and manage pre and post strategic review activities for PN AFME
• Establish strong Management Reporting framework to improve business finance support in AfME
• Preparing Dynamic Forecast for AfME region on Monthly basis as per Monthly Business Planning cycle Process.
• Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.
• Effective Cash Flow Management
• Monitoring budgets and comparing them with actual cost and revenues related to production, marketing and capital.
• Coordinating the preparation, maintenance and filing of projected P&L Account
• Coordinate the preparation of Financial Statements, Financial Reports for internal usage.
• Getting control accounts reconciled and sorting out the discrepancies
• Implementing training courses for new recruits
• Financial Modelling & Reporting
• Corporate Planning/Budgeting • Requirements Gathering
• Business Process Improvement • BI Implementation
• Variance Analysis
• Assisting in identifying worst performing SKU's from a financial and strategic perspective and involved in the Discontinuation of those SKU's.
• Improved business valuation model process flow.
• Identified and analyzed profitability, sales revenue streams, bad debt, and costs to reflect the dynamic business environment.
• Integral part of due diligence team involved in potential business acquisition, identifying key risk factors and forecasting investment viability.
• Provided senior-level support for business feasibility of existing business by integrating input from finance, marketing, leasing and operation department.
• Developed detailed spreadsheets to identify trends for under-performing business and worked on concrete action plans for turning these businesses into profitable units.
• Projected trend for promotions, products and pricing along with cost sensitivity analysis.
• Compiled, mapped, and analyzed competitors database countrywide in support of corporate strategic planning and initiatives.
• Working with the clients to develop strategies based on the history of their performance.
• Identify the issues related to acquisition, alliance opportunities.
• Reporting to the decision taking authorities.
• Making adjustments and resolving problems within the credit control department
• Handling of ledgers and reporting to the credit manager
• Maintaining accurate credit records and referring any problems to the team leader
• Suggesting solutions for problems regarding credit management
• Identifying accounts that need special attention & Handling disputed accounts and negotiating payments
• Working closely with the credit manager and financial controller to make sure all clients are served accordingly.
• Maintaining company revenues and watching out for losses
• Achievements: • Initiated the use of a software to simplify cash control duties
• Reporting and analysis on sales and gross margin development versus goals and ambitions
• Reporting and analysis on working capital development
• Coordinate and assure cash collection
• Strategic, Budget and Forecast planning for sales and margin development
• Control cost of goods sold and other cost of goods sold
• Maintenance of order book
• Maintenance of pricing and customer conditions
• Built and maintain business cases for projects/deals
• Be financial contact point for operational support to sales and marketing teams
• Support project managers in Request for Quotations
• Be the contact point in the finance team in absence of BU controller
• Reporting all SC information to the region
• Supporting the SC director with all financial analysis
• Preparing forecast and budgets
• Analyzing all SG & A cost and carrying out monthly reviews with the directors
• Manage the local regulatory budget and reporting
• Co ordinate with management and sales team to define the needs in the field of Market Intelligence and Business Intelligence.
• Self-analysis on volume, revenue, margins, market share
• Co ordinate on project-based right of the General Manager and to support him in terms of market intelligence, business intelligence and strategy
• Served efficiently to manage ongoing operational issues.
• Provided and determined timelines for first resumption of flow of company production
• Directed and guided the best economic routing for company production to the ultimate point of sale
Reporting/Analysis /Pricing Function
*Timely Reporting and Analysis of management reports
*Prepare Timely reconciliations Including Stock/Intercompany etc.
*Handle Monthly, Quarterly and Yearly Closing
*Handle Internal/Audit Queries and Requirements
*Prepare and Monitor Budgets
*Support Other Department with Financial Information
*Fulfil the role of Technical Accountant managing other Accountants
Inventory Control
*Review Purchase requisition for Jebel Ali warehouse
*Consolidate Purchase order by Affiliates and decide on ICl/FCL
*Generate PO from Iscala and Fax to Affiliates
*Circulate availability date for the person requesting
*Reconcile EMAL/GAC inventory statement
*Arrange Annual physical stock count and reconcile records
*Generate and circulate monthly inventory report
System Co ordination
*Co Ordinate with regional Manager for IT Support
*Co Ordinate with Iscala team for ERP support
*Update monthly sales Data in EIS
*Assist in It Implementation
*Handling of any Sundry task in Finance / Accounts Department.
*Administrative support to Financial Controller
Distributor Claim Processing
*Checking Distributor Debit notes for Authorisation, requisite supporting documents, identification Gl expense codes, Identification of cost centre.
*Booking expenses in Iscala/Hyperion our ERP
*Update Space rental and other control Sheets
Reporting and Statistical Support
*Prepare Monthly Analysis of Overheads
*Prepare Monthly Primary and In market sales Trend reports for Key Markets / Customers
Payroll / Accounts Payable Processing
*Audit employee timesheets for hours worked and accuracy. *Maintain, prepare and process payroll for organization personnel.*Prepare payroll related journal entries for period-end. *Compile and submit payroll deductions related check requests and payments.
• Performed accounts payable/receivable functions.
• Ticket fare Auditing upto Finalization
• Managed vendor accounts, generating weekly on demand cheques and Reports.
• Managed financial departments with responsibility for Budgets, Forecasting, Payroll, Accounts Payable and Receivable.
• Created budgets and forecasts for the management group.
• Ensured compliance with accounting deadlines.
• Coordinated a part of monthly payroll functions for 20000+ employees.
• Liased with bankers, insurers and solicitors regarding financial transactions.
• Performed general office duties and administrative tasks.
• Prepared weekly confidential refund reports for presentation to management.
• Managed the internal and external mail functions.
• Provided telephone support.
• Scheduled client appointments and maintained up-to-date confidential client files.
• Provided technical support.
• Developed and launched website.
• Developed and installed operating systems.
• Responsible for the repair and maintenance of printers, monitors, scanners and hardware.
• Provided assistance at the in-house helpdesk providing technical support by phone and in person to the facilities staff.
• Responsible for loading new software and systems on existing equipment.
• Tested systems to ensure the elimination of bugs or viruses.
• Responsible for performing troubleshooting activities prior to the implementation of new systems
• Assisted the technicians with the installation of software, modems and drives.
• Tested software and computer equipment prior to 'go live'.
• Provided technical telephone support to correct software and hardware problems.
• Assisted with the repair of computer systems on site and for existing customers and the maintenance of client documentation.
• Performed upgrades on existing computer systems.
University of Madras (The New College, Royapettah, Chennai) Masters Degree in Business Administration (2002- 2005) - Finance University Of Madras ICE-Chennai, India
Masters Degree in Computer Application (1998 - 2001) University of Madras
(The New College, Royapettah, Chennai) Bachelor of Commerce (1995 - 1998)