Group Financial Controller
Saudi
مجموع سنوات الخبرة :22 years, 6 أشهر
I managing a team consists of 24 onshore and 11 offshore (Shared Services) finance people and they have difference level of accounting experience as there are juniors, seniors and Managers in the team and i’m reporting directly to the
PCE) the third largest beverage business for Pepsi cola international outside North America. PCE contributes around 65 % of the North East Africa BU Top Line.
Business
•Support top management in the decision making through providing a detailed and sensitivity analysis for all alternatives.
•Achieve the company objectives through preparing an effective and efficient financials in line with the cascaded targets.
•AOP preparation: Build detailed Annual Operating Plan by GL Account and cost Center through close and thorough Work with other functions.
•Balance Sheet forecasting buildup by account and upload it on the HFM system.
•Operating Cash flow forecasting: Build and manage detailed cash flow budget in line with the cascaded targets and ensure specific improvement versus last year in all working capital lines which ensures healthy financials.
•Monthly rolling forecast preparation to ensure that all updates are captured and identified to top management on time.
•Detailed NOPBT cause of change preparation to ensure that all changes versus plan and prior year are closely monitored and justified.
•Monthly tracking and monitoring for all profit &loss and Balance Sheet accounts versus plan and analyzing the variance & the root cause behind the variances and recommendation.
•Provide and alert the top management with all significant variance, the reason behind and the recommendation to mitigate or eliminate those variances from the root cause.
•Manage monthly meetings with all stakeholders to review the actual results versus plan, review the KPIs and agree on the corrective action to ensure the achievement of all targets.
•Quarterly forecasting for all profit and loss and Balance sheet accounts.
•Quarterly preparation for operating cash flow presentation including full analysis for the year to date performance versus plan and prior year and forecasting for the balance of the year.
•Responsible for evaluating all productivity initiatives either P&L or non P&L and ensure proper monthly tracking for them.
People : Managing the Commercial Control Function with total organization head count 6, 3 Accountants, 3 Accounting Managers and indirectly all the Commercial Accountants and section heads(250) in the 31 Distribution centers scattered across the nation.
One of my Key role regarding people side is to develop talented people in order to fulfil the vacancies internally rather than externally and also to make in touch session to ensure that all people issues are addressed, Highlighted, working on, monitor and assessing the progress.
Business
•Drive optimization, simplification and automation projects for PCE. ( MEA SD & SAP )
•Review/assess the economics of all the Key Commercial Agreement including but not limited to agreements with Modern Trade, Chain Customer & Key hotels (i.e. Hilton - Carrefour ex…)
•Manage Central Multi Million credits for various sales channels including but not limited to the organized trade, Hotels Chains, whole-seller, Direct distribution & export, proposal optimal credits to drive the upmost sales targets with minimal risks.
•Budgetary control for PCE multi million $ Discounts & allowances budgets, recommend and asses optimal utilization for various types of discounts, ensure proper controls are in place.
•Prepare the prices buildup with the Tax team which ensure complying with the tax law.
•Review and propose the financial Settlement and Control mechanics for Mega Marketing agreements.
•Ensure the revenue recognition in accordance with the PepsiCo Policy on timely bases through the daily interface between MEA S&D (Sales Module) and SAP.
•Assurance of PCE SOX/COSO compliance through risk assessments, Compliance field visits, reports results and proposed enhancement to the Audit Committee follow up on the action plan.
•Achieving implemented in 2010 and 2014 Corp. Audit Assessment for the Order to Cash cycle as well as the Advertising and Marketing.
•Designee the Control and accounting treatments of Advertising and Marketing spend for the beverage campaigns and TV media and other innovation activities.s
•Managing the monthly closing activities, to ensure that all entries are accounted for correctly in accordance to the accounting standards and accounting principles.
•Manage all Internal, External and Corporate Audit requirements.
•Drive the company agenda through setting KPIs, continuing monitoring for the Key business Targets and people targets as well.
•Leading a quarterly meeting with all stakeholders “Sales and Marketing teams” to ensure that all variances versus budgets are monitored, highlighted, addressed and proper action plans are in place.
•Focal point from the finance department regarding Hand Held implementation in order to ensure that the system process works in accordance to the approved policies and business practices.
•Developing all Commercial Control policies, review it with the top management and securing the needed approvals.
•Identifying all inherent risk, identifying the key controls to mitigate such risk and agree with the top management on the controls through leading the Order to Cash and Advertising and Marketing risk assessments.
•Develop and translate all approved policies in to process flow format “Swam lane format”.
•Developing an economical study on which Go to market model will be more beneficiary for the company (Economics of distribution channel).
Manage to Accounting Managers and 4 accountants, responsible for driving their business and people objectives in line with the company key targets to ensure the goal congruence and the achievements of the company and their goals.
Business
•Managing Pepsi Cola Egypt Accounts Receivables, which is complicated and high turnover business due to the huge volume of Customers (Cash and Credit) up to 40 thousands with different sales channels and different payment terms .
•Managing all Accounts receivables monthly closing tasks, reviewing all Debit and Credit notes, reviewing the customer’s aging, preparing the Allowance for doubtful monthly entry and securing the needed approvals as per the company policy.
•Leading a monthly with the Sales department to ensure that all previous months issues has been highlighted, agree on the action plan and follow up on the progress.
•Ensure that all Accounts Receivables accruals are correctly accounted for and follow up with the stake holder to the utilization.
•Work with the Legal and Sales on the defaulted customers to make sure that all reasonable efforts are took place.
•Make a confirmation on the customer balances according to the company approved policy to ensure the correctness ad the accuracy of the company receivables.
•Prepare credit assessment study for the existing and new customers based on the sales channel, credit term, customer payment history and any other factor to be considered in the credit evaluation.
•Prepare a compliance visits for all Distribution Centers to ensure that all process are complied with the approved policies and procedures.
•Prepare and calculate the Accounts Receivables best estimate, reconcile it versus the actual and identify the reason behind the variances and take the corrective action.
•Played a Key and Critical in Oracle and SAP setup, Implementation which was a great enhancement on Pepsi process.
•Reviewing cause of change analysis for all Accounts Receivables and ensure that all movement is correct and there is no misallocation.
Key Achievements
•MEA S&D system implementation and rolling out: MEA S&D is an internal system PepsiCo, I have enrolled PepsiCo Egypt since 2001 and since that date I have worked with IT team to enhance the system and currently it is a very solid system and has an interface with both SAP and Hand Held.
•Oracle system implementation: I have participated in Oracle, blue print and ensured all business scenarios are captured in the blue print document, then I have worked with Oracle and PepsiCo IT teams to ensure that there is no miss communication in the system setup then followed a detailed user acceptance testing to ensure that all requirements are captured and to ensure also smooth implementation.
•SAP system implementation, same role as Oracle in addition to being a super user and train other users.
•I have rewarded as a star of the quarter across AMEA region due to thinking, creating and developing on of the best simplification initiatives.
•Hand Held setup, blue print, testing and implementation.
*Managing Pepsi Cola Egypt Accounts Receivables, which is complicated and high turnover business due to the huge volume of Customers (Cash and Credit) up to 40 thousands with different sales channels and different payment terms .
*Managing all Accounts receivables monthly closing tasks, reviewing all Debit and Credit notes, reviewing the customer’s aging, preparing the Allowance for doubtful monthly entry and securing the needed approvals as per the company policy.
*Leading a monthly with the Sales department to ensure that all previous months issues has been highlighted, agree on the action plan and follow up on the progress.
*Ensure that all Accounts Receivables accruals are correctly accounted for and follow up with the stake holder to the utilization.
*Work with the Legal and Sales on the defaulted customers to make sure that all reasonable efforts are took place.
*Make a confirmation on the customer balances according to the company approved policy to ensure the correctness ad the accuracy of the company receivables.
*Prepare credit assessment study for the existing and new customers based on the sales channel, credit term, customer payment history and any other factor to be considered in the credit evaluation.
*Prepare a compliance visits for all Distribution Centers to ensure that all process are complied with the approved policies and procedures.
*Prepare and calculate the Accounts Receivables best estimate, reconcile it versus the actual and identify the reason behind the variances and take the corrective action.
*Played a Key and Critical in Oracle and SAP setup, Implementation which was a great enhancement on Pepsi process.
*Reviewing cause of change analysis for all Accounts Receivables and ensure that all movement is correct and there is no misallocation.
Responsible for issuing all daily credit operation reports for i.e. Checks under collection report, Daily credit status report and stop list report
•Responsible for inventory movement monitoring through conducting a regular and sudden physical inventory count.
•Manage a team of seven accountants and three Cashiers.
•Follow up on a daily basis with the sales team on the customers over dues and the collections.
•Manage the Accounts receivables monthly closing activities to ensure the accuracy and timely submission.
•Daily review for the aging report to ensure that all Accounts Receivables are monitored and all over dues are timely monitored and highlighted on time to ensure minimum bad debt risk.
•Prepare the monthly bad debt reserve according to the aging buckets and in line the company policy.
for 19 months
•Preparing an excel sheets for wholesalers withdrawals & commissions.
•Accounting for exclusivity contracts, prepaid expenses and accrual entries.
•Supervising the customer’s credit limits and preparing the aging reports as a control of the credit ceiling & period for the different types of customers.
•Preparing the monthly discount analysis by brand by sales channel and preparing the related entries.
•Preparing the tax entries and consolidate them with the daily sales (sales tax and withholding tax).
•Building and tracking the monthly customer's accruals and poet its related journal entries to GL.
•Prepare the needed analysis for the revenue, discounts and customers accruals accounts on monthly basis.
• Preparing and recording journal entries.
• Post the entries to Sub Ledger for Accounts Payable & receivables.
• Participate in Preparing the annually Balance Sheet, income statement and profit & loss.
• Participating in the Annually Tax Review.
Preparing and recording journal entries.
•Post the entries to Sub Ledger for Accounts Payable & receivables.
•Participate in Preparing the annually Balance Sheet, income statement and profit & loss.
•Participating in the Annually Tax Review.
the company offers a range of services, including the supply of security personnel, monitoring equipment, response units and secure prisoner transportation. G4S also works with governments overseas to deliver security.
It is the world's largest security company measured by revenues and has operations in around 125 countries. With 618, 000 employees, it is world's third-largest private employer, the largest European and African private employer
G4S has a joint venture with Al Amoudi holding in KSA and it operates through three separate legal entities, AL Majal Security Services, Group 4 security systems and Can and Security company.
G4S
Responsible for managing the accounts Receivables, costing, Accounts Payables, GL and treasury areas.
•Responsible for managing the Finance Control Operation area, ensuring the fluency of the Operation and having the controls in place.
•Responsible for managing the control agenda including but not limited to handing the group internal audit visits, requirements & External audit requirements, Financial statutory mapping review & preparation and ensuring having the financials on time.
•Ensure proper handling and managing for the external auditor.
•Responsible for reviewing, developing and enhancing the company policies and procedures.
•Overseeing internal financial controls and ensuring cycles frequent self-assessments for all business process to ensure that all cycle’s controls are updated and to cover the business risks and take it to the acceptable level of risk.
• Managing remotely the shared services team to ensure full and timely delivery for all business transactions with the proper level of accuracy.
•Monthly review for financial statements for completeness and accuracy purposes and ensure that all closing activities are being done according to the reporting timelines.
•Managing the tax open issues with the tax advisor to avoid any tax issues.
•Ensure that tax returns are submitted on time.
•Providing effective financial leadership to a finance team, to enable strategic foresight into the business and also provide knowledgeable and accurate information to colleagues and senior management.
• Overseeing all aspects of financial control in the business.
• Providing financial, commercial and strategic support to the business.
•Reviewing new & existing business models and capital appropriation requests.
•Assist the group Financial Controller in achieving the company operating cash targets.
•Develop and enhance the Finance team capabilities.
•Overall responsibility in managing the Finance Operation over the Kingdom through supervising for Finance Managers in eastern, Northern, Southern and Central areas.
•Regular visits for the branches to ensure that the approved policies are applied and working effectively.
•Fulfillment of all group requirement for the control part.
courses: CMA in Progress – estimated for Part 1 Feb 2019 and for Part 2 October 2019