Financial Planning And Analysis Manager
Al Gihaz Holding
مجموع سنوات الخبرة :20 years, 6 أشهر
- A key contributor to the forecast/ plan cycles working with members of G.CFO and the wider business team to deliver reliable projections with insight into trends, opportunities, and risks, government financing programs ( SIDF, SHAREEK, EXIM, etc...).
- Manage rolling monthly and quarterly forecasting processes, including modeling, and scenario analysis, and articulate clearly the Sales, EBIT, and cash flow roadmap compared to prior forecast, plan, and prior year along with business drivers.
- Involved in identifying the risks to monthly, quarterly, and annual forecasts and work on mitigating the risks by identifying opportunities in consultation with G.CFO and the wider business team.
- Engage extensively with the business units to understand variance to prior forecast, plan, and prior year and provide insightful analysis on the key drivers behind the growth or decline in revenue, cost of sales, SG&A, and cash flows.
- Focus and drive on working capital improvement/cash flows as per agreed targets and report the performance.
- Analytical engine of the company to provide insights and support optimal business decision-making.
- Build and maintain reports, dashboards, and predictive analytics to provide visibility into the business and financial impact of strategic decisions (e.g. Pricing, new product introduction, cost reduction initiatives on factories, restructuring, using BI tools to deliver meaningful insights into business performance, etc...).
- Partner with the Accounting, HR, Marketing, Engineering, and Sales organizations to provide financial impact analyses on various initiatives.
- Prepare standard templates as necessary for business units to submit different business requirements and guide them in preparation and submission.
- The analytical resource to operational leaders, assisting in value-added ad hoc projects such as supply chain optimization, capital allocation, capex, and operational efficiency improvements among others.
Financial Control:
-Oversee and ensure the maintenance of the accounting records to be in compliance with
the Group’s accounting policies and IFRS to ensure the accuracy of accounting records
and fair ênancial statements.
-Assist the CFO and Finance Manager to design, implement and maintain a robust and
clear set of ênancial internal controls.
-Raise êndings, concerns and provide recommendations during the review to ensure the
accuracy of the accounts and follow up on the required amendments.
-Assist internal and external auditors during ênancial audits to facilitate and ensure a
smooth mission.
Financial Budgeting:
-Coordinate with the CFO and the Finance Manager to set the yearly budget plan,
guidelines, and budget building.
-Coordinate with Business Managers on the budgeted êgures in order to build a realistic
and achievable budget.
-Prepare the consolidated budget in coordination with the CFO and Finance Manager in
order to have a global view of the Group’s budgeted performance.
-Coordinate with the CFO and Finance Manager and provide recommendations, when
applicable, in order to improve the budgeting process.
-Assist the Business Managers in the preparation of projected analysis for the acquisition
of new business/brands.
-Prepare original budget (OB), last estimate (LE), revised budget (RB), and preliminary
budget (PB).
Periodical Reports & Analysis:
-Produce periodical (monthly, quarterly and yearly) ênancial reporting for
Topline/Dashboard, P&Ls, and Financial Position.
-Produce a yearly full set of ênancial statements (separate and consolidated) to be subject
to year-end ênancial audit.
-Produce monthly comparative ênancial statements with budget êgures and previous
periods and include analysis and comments to ensure the follow up on unusual and
unexpected variances and êgures.
-Prepare ad hoc reports when requested by management.
-Coordinate with the CFO and Finance Manager and provide recommendations, when
applicable, in order to improve the ênancial reporting process.
Team Management:
-Manage, coach, and motivate the team in order to lead them towards high performance.
-Manage the performance appraisal process in order to ensure the KPIs are being met
and provide the Human Resources department with accurate feedback.
-Delegate tasks eéectively to others and ensure that they have the needed skills to
succeed in order to have an eéective and eìcient ëow of activities.
-Work on developing and growing the team’s expertise as part of career development and
succession planning
Projects Cost Planning:
Reviewing and analyzing the tender budgets (quantities, Rate, proêt margin) and
involved in preparing the initial budget as a baseline for measuring and cost control also
Develop Cost Breakdown structure CBS align with Project WBS and Cost control system
design with an Integrated system between cost coding and chart of accounts plus develop
cash ëow and implementing the follow-up forms.
Projects Controllung Cost:
Monitor and control contracts / Variations to ensure over/under budget, purchase orders
in terms of the actual need, subcontractor invoices and accruals, Payroll considering
manpower plan and project need, expenses / petty cash, budget Amendment/changes,
Billing Plan for Projects and Analyze projects unbilled revenue, Cost Reconciliation,
Perform the cost control techniques; Earned Value assessment (EVA), Estimate at
Completion (EAC), Estimate to Complete (ETC), KPI’s to analyze the budget, commitments,
actual cost.
Projects Deviations Analysis:
provide Monthly Report / Dashboard including The current status of the project (Finance
and time), Project KPI’s (CPI, SPI, ….etc.) using EVM, Analysis of all cost elements and show
the deviations, Recommended corrective action needed Project Forecast EAC & ETC,
Monthly Manpower Productivity Report, Monthly Equipment Productivity Report
- Providing leadership with all budget services, including budget preparation, formulation, presentation, execution, and financial management policy.
- Performing technical calculations and analysis to prepare all parts of the annual budget submission, including developing revenue and expenditure assumptions, cash-flow projections for all projects.
- Maintain accounting records and analyzes financial statements to identify possible trends which may result in a surplus or shortage of funds.
- Monitored the execution of the approved budgets, including obligations and expenditures in multi-year projects and associated administrative costs, through various automated financial management software programs.
- Prepared and analyze comparative evaluation of actual cost against budgeted funds, and determine rational for variance between costs and budget.
- Prepare consolidated budgetary & Cost reports for Executive Summary and recommendations for Decision Makers.
- Prepare Capex analysis and maintenance of budget utilization against Capex.
- Prepare the budgeted report of inter-company transactions relating to material purchased, vehicles & equipment rented, accommodation & facilities rented and services performed.
- Provided ad hoc support on a variety of budget and financial requirements
- Works with management on an annual basis in the preparation of the company-wide budget to prepare departmental budgets and individual sites.
- Researched and resolved budgetary issues and made recommendations for resolution within the framework of proper Cost Accounting Standards.
- Prepares monthly nancial reports and any other budget reviews, performs quarterly budget reviews and works closely with management and departmental staff in identifying budget discrepancies, issues, and shortfalls between budget and actual data.
- Prepares and reviews accounting and other records; utilizes these records in the preparation of periodic reports on budget status.
- Process requests for budget reallocation and re-assignment submitted by departments and once approved enter budget revisions into the system, prepare a compilation of statistical analysis to support and validate budget requests.
- Analyzes trends affecting budget needs and consults with managers and directors to ensure adjustments are made in accordance with program changes to facilitate long-term planning.
- Approves departmental requisitions ascertaining that they conform to budget guidelines and are within the budget authority.
- Reviews Human Resources requests ensuring there are no unbudgeted
positions.
Handling the full cycle accounts payable function, check runs, vendor relations and employee expense reporting.
- Maintain account auditing, collections, and account reconciliation.
- Perform additional general accounting duties to include balancing accounts payable and receivable, customer billing and collections.
- Monthly bank reconciliations and internal control responsibilities. On-line account management
- Responsible for month end closing duties and accounts payable aging analysis.
Served as Cashier, handling bank and petty cash and maintain customer
- service in person and by phone and completed additional duties assigned on a daily basis.
Duties & Responsibilities:
• Record all journal entries and posting to ledger accounts on daily basis and processing of accounting transactions. Filing and archiving records and supporting documents, maintain all business records
• Follow up of the annual schedule of fixed and variable costs
• Follow-Up Customer Accounts and Suppliers & Assist in resolving customer disputes and queries
• Prepare summary of cash receipts & disbursements on daily basis.
• Prepare and manage financial reporting and management reporting requirements, including the monthly, quarterly and annual financial reports.
Accounting and finance