Stream Finanace Manager
Ali Bin Ali Group
مجموع سنوات الخبرة :17 years, 5 أشهر
•Business Case Proposal Development:
o To support the decision making of the Board through building comprehensive business case proposals for Board’s review and approval. This will require proficiency and understanding of the business case for sustainability, communicating benchmarking, analysis and research in a comprehensive and concise manner.
o To conduct necessary field research regarding potential business or investment opportunities.
o To build very effective associations with third parties for BI purposes.
• Project Management (Pre Operational)
o To maintain overall responsibility and accountability for ensuring proper management of new projects from inception to pre operational phase.
o To ensure that all new projects are managed cost effectively and to a high level of quality.
o To design with line managers and other functional managers the business processes of new businesses.
o To identify and recommend the performance metrics necessary for the proper monitoring of the post operational performance.
o To assist the line manager in the first cycle budget preparation of any new project.
• Market Expansion strategy:
o To develop and implement expansion strategies based on specific performance criteria in specific markets and / or sectors.
o To keep updated and upgraded with the current market situations and other factors, which may affect the overall business climate.
• Quality Management:
o To be accountable for all new business development outputs created by or submitted through the Business Development team; including the review of each and every proposal.
o To collaborate with line managers and other employees of the organization in the creation, monitoring and improvement of financial performance metrics.
o To recommend strategies to continuously improve current and future profitability of existing businesses.
• M&A Support
o To prepare and develop business plans, financial and valuation models.
o To assist in the due diligences of new opportunities.
o To assist in the negotiation and execution of deals.
o To assist in the development of term sheets and transaction documentation.
Skills and Specifications
• Able to demonstrate the work easily and effectively.
• Possess the required skills in quantitative study and plan management.
• Possess the ability to establish market acumen in order to identify expansion programs and new business opportunities.
• Possess exceptional supervision and leadership quality.
• Possess the ability to maintain the collaboration with the company’s board and management.
• Possess very good knowledge of the business and the impact of changes and the related sectors.
• Able to review and analyze budgets and financial reports to see implications in the implementation and management of the projects.
OVERALL PURPOSE
To provide finance support, information, interpretation and timely reports to the Country Manager and Finance Director Middle East, as an essential component of managing the business effectively and developing a strategy providing for long term profitable growth.
KEY RESPONSIBILITIES
Strategy - contribute to setting the direction of the business, across a broad range of operational and commercial issues as well as on purely finance based issues. Direct the overall financial policies, procedures staff and other resources acting as a strong business partner to the country Manager.
Business Partnering - working closely with the Country Manager of the company, of the Company interpreting complex financial data into usable information, highlighting trends, establishing critical measurements determining productivity and quality, and identifying potential problems before they arise.
Budgeting Cycle - anticipate needs by providing comprehensive and relevant financial reporting on all elements of the business to enable the business managers to contribute in the overall budgeting and cost monitoring process. Contribute to and drive the budgeting process throughout the Company whilst focusing on ensuring timely preparation and approval of project budgets in accordance with the laid down norms and supporting managers at all levels.
Finance Operations - maintain a strong link between the local operation and the Middle East office to ensure that the needs and the progress of the Company are clearly understood and that appropriate support is made available by the Middle East office when required. Ensure that project wise accounting and book keeping in the business is in compliance with the related IFRS/Local standards and reporting is done as per the laid down timelines. Work with finance colleagues in the transnational and credit management functions to resolve problems relating to the business, its customers and its suppliers, and to strengthen relationships.
Analyze and review the pre-launch feasibility studies related to commercial projects and highlight to its financial impacts on the company’s short and long term business plan.
Evaluates and validates Profitability of business cases for new projects, products and promotions within the agreed upon service level agreement.
Prepare board & executive committee presentations and related supported analysis on quarterly basis.
Enhance the current reporting process, and produce Ad-hoc/post performance evaluation reports to increase business visibility for better decision making.
Prepare weekly and monthly performance presentations to top management to support in the decision making process.
Lead the preparation of the company’s yearly budget and ensure its compliance with shareholder’s guidelines.
Preparation of financial forecasts requested by management within the financial year
Controlling Company’s actual expenses compared to monthly budget.
Analyze financial reports that include profit & loss, balance sheet, cash flow in order to demonstrate the variance between budget and actual.
Evaluate the actual figure Versus the forecasted ones (monthly, quarterly and annually) to identify their effect in driving the business.
Analyse monthly & quarterly financial indicators against company Key Performance Indicators (KPI’s).
Achievements
1- SAP CO BPO for Rollout of four companies of the group
• 01 Telecom (Vodafone Distributor)
• Al Afaq fresh foods (Retail Fresh and Commodity Company)
• Tazweed Co. (Retail Company)
• Qatar Logistics Service Co. (Logistic Service TPL)
2- SAP BW BPO for AWIC Group.
3- Creating full reporting schedule and system for all financial reports.
4- Management Promotions, Rebates and Pricing Management solution (Vistex, Inc)
5- Dashboard for management and Division Heads for (Sales, Expenses, Near expiry, Inventory)
6- New KPIs Structure for the Whole Company for Performance valuation Monthly Quarterly and Yearly.
1-Monitor cost & margin for the SKUs
2-Approval for new SKUs launching after confirming the price and standard margin.
3-Regular review for Planned cost in SAP for receiving SKUs.
4-Expiry and damage controlling and reviewing reasons to allocate the cost to responsible
5-Liquidation Plan review and Suggestions for nearly expiry items according to shelf life
6-Develop innovative budgeting models, automated planning spreadsheets to ensure effective budgeting flow & reliability of forecasted financial data & lead the process & preparation of the annual business plan
7-Assist assigned departments in proper completion of their operating budgets; meet with department heads to resolve budgeting issues through meetings and discussions.
8-Review departments' variance explanations on a monthly basis and identify the revenue and expenditure trends in the individual cost centers as well as in a larger perspective
9-Work with General Accounting to facilitate the appropriate journal entries to ensure the alignment of expenses with the budget
10-Provide training to new and existing staff as needed. (SAP)
11-Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.
1-Issuing Profit and loss For each Market
2-All Budgeting and forecasting activities like annual Budget 9+3 and all other activities
3-Distributing monthly expenses between markets and products.
4-Monitoring expenses and creating accrual for none documented expenses.
5-Prepare Gross margin (GM0) for the products and market
6-Monitoring inventories and raw materials.
7-Responsible for closing reports and monitoring variance and prepare the analysis
8-Comparing between actual & budget expenses for each cost center and prepare analysis for the variance
9-Make sure that the expenses were allocated in the right account and the right cost center
10- Responsible for the division’s reported actual versus Budget, including monthly and quarterly reconciliations with comments and explanations, capital spending.
11-Responsible for budget objectives by scheduling expenditures, analyzing variances and initiating corrective actions
12-Responsible for assisting physical count for both finished and none finished goods and raw materials
13-Responsible for PPV Report (Price Purchase Variance) and MUV (Material Usage Variance) and its presentation for the Management.
1-Responsible for Fixed assets and all the related reports(adding - making impairment tests if its needed )
2-Responsible for physical count for the cash
3-Responsible for recording expenses and its allocation in the right account number and cost center.
4-Assisting in accounts payable including issuing checks
5-Responsible for quarter withholding tax report and stamp taxes
6-Responsible for recording received checks on the system
7-Responsible for monitoring advanced payment for employee