Financial Consultant
Freelance
مجموع سنوات الخبرة :30 years, 11 أشهر
Development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:
ERP Implementations:
Strong experience in ERP implementations and enhancements specially for SAP and Oracle.
Planning
1. Assist in formulating the company's future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans
3. Develop financial and tax strategies
4. Manage the capital request and budgeting processes
5. Develop performance measures that support the company's strategic direction
Operations
1. Participate in key decisions as a member of the executive management team
2. Maintain in-depth relations with all members of the management team
3. Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
4. Oversee the financial operations of subsidiary companies and foreign operations in UAE, Qatar, Saudi and Sudan as well as other future expansions.
5. Manage any third parties to which functions have been outsourced
6. Oversee the company's transaction processing systems
7. Implement operational best practices
8. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
9. Supervise acquisition due diligence and negotiate acquisitions
Financial Information
1. Oversee the issuance of financial information
2. Personally review and approve all tax and Securities & Exchange Commission forms.
3. Report financial results to the board of directors
Risk Management
1. Understand and mitigate key elements of the company's risk profile
2. Monitor all open legal issues involving the company, and legal issues affecting the industry
3. Construct and monitor reliable control systems
4. Maintain appropriate insurance coverage
5. Ensure that the company complies with all legal and regulatory requirements
6. Ensure that record keeping meets the requirements of auditors and government agencies
7. Report risk issues to the board of directors
8. Maintain relations with external auditors and investigate their findings and recommendations
Funding
1. Monitor cash balances and cash forecasts
2. Arrange for debt and equity financing
3. Invest funds
4. Invest pension funds
Third Parties
1. Participate in conference calls with the investment community
2. Maintain banking relationships
3. Represent the company with investment bankers and investors.
JOB DIMENSIONS:
Budget responsible for: 60 M $ Sales, 25 M $ Operation Result
Headcount supervised: 18 heads (11 in Accounting, 2 in FB&A, 5 in IT).
KEY ACCOUNTABILITIES
- Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate, long range forecasting, and insurance activities for the organization.
- Appraises the organization's financial position and issues periodic reports on organization's financial stability, liquidity, and growth.
- Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
- Oversees and directs the preparation and issuance of the company’s annual report.
- Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.
- Analyzes operational issues impacting functional groups and determines their financial impact.
- Evaluates and recommends business partnering opportunities.
JOB PURPOSE:
- Responsible for Finance activities for all countries within cluster.
- Provide financial information and services to enable cluster management to execute business effectively.
- Manage and optimize working capital and cash management strategies.
- Ensure local finance and controls are optimal and accurate in line with global guidelines and local laws.
- To develop a competent finance organization and to be a strategic partner to the Cluster Top.
JOB DIMENSIONS:
Budget responsible for: 900 M $ annual turnover.
Countries: Egypt, Lebanon, Syria and Libya
Headcount supervised: 6 direct reports (Finance Department consist of 40 heads).
JOB PURPOSE:
Directs the organization's financial practices as well as its relationship with stakeholders.
JOB DIMENSIONS:
Budget responsible for: 30 M $ Sales, 4.5 M $ EBITA
Headcount supervised: 14 heads (7 in Accounting, 2 in Controlling, 5 in Supply Chain).
KEY ACCOUNTABILITIES:
•Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate, long range forecasting, and insurance activities for the organization.
•Directs controlling department in providing and establishing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting controls and services.
•Directs treasury department in activities such as dealing with banks, custodian of funds, securities, and assets of the organization.
•Appraises the organization's financial position and issues periodic reports on organization's financial stability, liquidity, and growth.
•Directs and coordinates the establishment of budget programs.
•Coordinates tax reporting programs and investor relations’ activities.
•Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
•Oversees and directs the preparation and issuance of the corporation's annual report.
•Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.
•Analyzes operational issues impacting functional groups and the whole institution, and determines their financial impact.
•Evaluates and recommends business partnering opportunities.
•Establishes and maintains contacts with stockholders, financial institutions, and the investment community.
Main Achievements:
-Building talented and motivated team for the finance department.
-Implementation of J&J Policies and Procedures according to SOX guidelines.
-Leading the company through successful internal audit as well as FCPA audit.
•In support of the business, manage with maximum efficiency all finance and accounting activities and resources in line with the business plan, ensuring proper optimization of assets, liabilities and risks, in line with corporate practice and policies; optimize the tax liabilities and protect the legal interests of the company.
•Ensure complete adherence to country legislation and guidelines and implementation of Group accounting policies and procedures.
•Provide financial input in the development of the business (acquisitions, mergers, investments, divestments; JV opportunities, licencing in/out agreements; distributors and scientific offices)
•Assure accurate and on-time financial, accounting and fiscal reporting to authorities, regional and Head Office management
•Monitoring and tracking of Representation offices and service agreements within Central East Subsaharian Africa
•Follow up of Company law of afiliates within Central East Africa
•Optimize cross-functional support needs in the organization, ensuring effective communication between direct reports and with other teams.
•Validate, optimise and ensure the consistency of commercial policies (pricing, discounts, free goods, new products, tender conditions)
•Assure Credit Management of the activity throughout all Central East Africa
•Direct and manage all activities of the Finance team, ensuring that staff are properly coached.
•Plan and control expenditure, ensuring cost-efficiency at all times.
•Monitoring compliance with Group procedures and implementation of audit recommendations
•Coordinate IS policy in relation with Expert Corporate Department
•Ensure an effective communication network with affiliates providing services to the management center and supply centers.
•Plans and directs the activities of an organizational unit (division). Includes the regular and continuous management of the function. Requires the formulation and implementation of staff and management development plans.
-Preparation of strategic business, sales and operational plans.
-Projection of P&L, BS and Cash Flow statements
-Process of product evaluation and cost computation to determine intercompany transfer price, margin and profitability.
-Prepare, coordinate and administer the capital investment plan.
-Set up operational systems covering several marketing and sales activities.
-Preparation of monthly and quarterly financial forecasting and monitoring the actual results.
-Implementation of internal controls policies and procedures and follow up the clearance of control weaknesses.
-Process of the external reporting to the headoffice.
-Prepare annual budget of the company and monitor financial performance Vs. actual results.
-Management of Funding
-Foreign Currency Hedging
-Support other Departments in their business
-Management of Relationship with CASE and Investors
-Management of Insurance Policies
-Management of Financial Assets
Build and control the operating expenses of the Company.
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