Financial Planning and Analysis Supervisor - Middle East
Lucid Motors
مجموع سنوات الخبرة :9 years, 2 أشهر
Profit and Loss (P&L) Management and Sales Dashboard Development
• Crafted comprehensive P&L statements for the region, offering deep insights into financial performance.
• Designed and maintained dynamic sales dashboards, providing real-time metrics and performance analysis.
Budgeting and Forecasting Expertise
• Efficiently managed budget preparation, monitoring, and forecasting, ensuring alignment with financial objectives.
• Led data collection and analysis for headcount budgeting, delivering critical insights for strategic workforce planning.
Comprehensive Payroll Management
• Oversaw all payroll aspects, including calculations, submissions, and system management, ensuring accuracy and compliance.
• Collaborated with multiple teams to gather data, secure approvals, and generate final bank reports for seamless payroll operations.
Strategic Financial Planning
• Played a key role in developing and executing long-range planning (LRP) strategies for the Middle East, aiding strategic financial decision-making.
• Enhanced financial planning and analysis capabilities through active participation in Anaplan.
Leadership and Operational Proficiency
• Demonstrated strong leadership by managing multiple responsibilities, including monthly forecasting, budget preparation, and payroll operations.
• Coordinated and executed complex tasks, showcasing operational expertise and driving financial efficiency.
Budgeting and Forecasting:
Efficiently managed the preparation, monitoring, and forecasting of budgets, ensuring alignment with financial objectives.
Led the data collection and analysis process for headcount budgeting, providing critical insights for workforce planning.
Comprehensive Payroll Management:
Oversaw all aspects of payroll, including calculations, submissions, and system management, ensuring accuracy and compliance.
Coordinated with multiple teams to gather necessary data, secure approvals, and create final bank reports, ensuring seamless payroll operations.
Cost Center and Financial Control:
Created and amended the approval chain for new and existing cost centers, significantly enhancing financial control.
Strategic Financial Planning and System Integration:
Played a crucial role in long-range planning (LRP) for the Middle East, contributing to informed and strategic financial decision-making.
Actively participated in Anaplan training for system integration, enhancing financial planning and analysis processes.
Leadership and Operational Expertise:
Demonstrated strong leadership skills by effectively managing multiple responsibilities such as monthly forecasting, budget preparation, and payroll operations.
Successfully coordinated and executed complex tasks, showcasing operational expertise and ability to drive financial efficiency.
SIGNIFICANT HIGHLIGHTS
• Spearheading the preparation of the Group’s Financial Statements (Financial Position Statement, Income Statement, Cash Flow Statement, Statement of Changes in Equity, Notes and Financial Statement Notes)
• Managing consolidation of the company's financial statements with its subsidiaries along with Budget preparation for the Group
• Ensuring that the Company's and Subsidiaries' Lists apply to International Financial Reporting Standards (IFRS)
• Leading and managing all Investment Portfolios of the company and its subsidiaries
• Preparing and publishing the summary of the financial statements on Tadawul every quarter
• Liaising with the company's External Auditor to prepare the company's and its subsidiaries financial statements
• Preparing Financial Presentation for the Board of Directors to help them keep a track of financial performance
• Pivotal in applying new standards to the company and its subsidiaries, such as Standard 16
• Tracking budgets, conducting variance analysis to determine difference between projected & actual results
• Performing reviews of contracts & agreements, evaluating business risks and recommending corrective actions on the same
• Leading efforts for improving the Internal Control Procedures, driving cost-efficiencies and resource optimization
• Spearheading Cash Flow /Fund Management with focus to improve liquidity, and accomplishment of organizational goals
• Steering automation & standardization of reporting/ financial process requirements for driving overall efficiency and accuracy
• Handling Taxation/Audit Matters, filing of returns, accurate financial reporting & best practices implementation
• Protecting organization’s value by keeping information confidential, monitoring risks and suggesting corrective actions
• Leading and monitoring the performance of staff to ensure smooth finance functions, enhanced quality and productivity
SIGNIFICANT HIGHLIGHTS
• Prepared Monthly Report Income Statement, Balance Sheet, Overheads, Fixed Cost, Variances Report and Detailed Report for Month- Closing. Formulated Yearly Budget in coordination with relevant stakeholders
• Analyzed and reported on current financial status, facilitated Quarterly Financial Forecast, Annual Profits and Build Scenarios
• Administered full cost process for all the materials, calculated the change in Inventory and made the necessary entry on GL
• Built reports on Oracle BI, as well as built Dashboard on Excel and Power BI, developed Financial Models
• Ensured adequate Quality Control over Financial Transactions and Financial Reporting, for high-accuracy
• Supported month-end and year-end close process, prepared and published timely monthly financial statements
• Played a key role in implementation of IFRS 16 and ECL, monitoring the stocks levels as well as controlling overheads
• Prepared Benchmark Analysis, External Audit requirements as well as participated in the board presentation
• Significantly contributed to the design and implementation of a robust reporting structure to ensure transparency, streamline crucial business processes and safeguarding of company’s financial objectives
• Administered Accounting & Financial Management, responsible for maintaining books of accounts, ledger posting, reconciling, verifying and passing rectification and adjustment entries, preparation of trial balance and profit & loss statement and balance sheet
• Maintained accurate records of all business transactions, reconciled bank statements with corresponding transactions in the books of accounts and liaised with bank authorities to seek clarifications on routine reconciliations as required
• Notified Chief Accountant in case of any major discrepancies detected during reconciliation stage, verified invoicing, payment processing, sources and application of funds
• Monitored AR and AP, conducted aging analysis to determine adherence to company’s credit policy, expedited accounts receivable as per the collections schedule and processed payments to ensure uninterrupted operations
• Assisted in the preparation of inter-company accounts, drove accounting policy and procedures for timely and correct intercompany accounting, balancing and closure
• Submitted periodic Accounting / Finance Reports and Statements to the management for review and recommendation, implemented directives issued by the management across various departments and business verticals of the company
• Prepared Income-Expenditure Statement, Functional Budgets and conducted variance analysis to initiate corrective measures
SIGNIFICANT HIGHLIGHTS
• Administered Petty Cash Management entailing all invoices and expenses for petty cash recording and finalizing the same
• Handled Account Payable recording, follow-up, payments and cash flow management. Provided confirmations for any transactions
• Managed Account Receivable including recording, tracking with due date and confirming the amount received
• Supported Fixed Assets Management making additional or deletion if any and maintaining inventory
• Performed GL -Reconciliation, General Ledger with Sub-Ledger level and JVs from recording transactions till final TB
• Ensured storing and maintenance of all files and documents related to Finance Dept., ether as hard files or in system
• Assisted in Month-End Closing, prepared and updated the TB and financial statements, analysed ledgers accounts on monthly basis
• Drove Internal / Inter-company and External (Bank - Suppliers) Reconciliations. Worked on ERP Software : Oracle - SAP
• Pivotal in Payroll Processing - calculated commission, made loans for employees, entered overtime and calculated EOS