Financial Controller
Gsk - Other Locations
مجموع سنوات الخبرة :12 years, 4 أشهر
Accountable for reporting of financial results for the region P&L and BS commentaries vs forecast, plan, last year and last month.
Manage all aspects of the financial month-end review process, facilitating month-end meetings, highlighting the risk, and proposing solutions to Finance Director and area director.
Review and approve that all VAT Monthly, withholding tax and CIT reports, and post pulse fraud notification from Tax Authorities.
Check and calculate profitability review by segment and BCR of Annual Transfer Price policy (ATP) per brand to achieve the global operating profit percentage policy.
Calculate the forecasted transfer price, net cost, and profit release for repacks and finished goods.
Approving internal controls according to ICFW and SOX requirements.
Control OE (severance) cost and saving in total and per department.
Ensure entities results are fully compliant with all relevant accounting standards, current best practices, and any other regulations
Manage external and internal Audit process and accelerate the process from receiving the list of requirements and make sure that all the contact persons are the correct ones to avoid any overruns
Supervising and driving performance in BPO partner deliverables for a given scope: General Ledger, Period End Close, and Balance Sheet Reconciliation activities
Managing team of Financial Controlling Specialists and Senior Reporting,
People management:
• Leading a team of 5 Financial Controlling specialist, Senior Reporting Analysts, remotely and onsite always in line with GSK Values and Expectations, drive individual and team performance, fostering engagement and motivation in the team, ensure adequate individual development and strong succession plan,
Achievements:
• Automate and accelerate financial close and controls deliverables across the region
• Optimized Team Structure & Ways of Working.
Responsible for Nordics &Benelux Cluster Reporting.
Participating in JV for share and asset deals for Pfizer consumer healthcare.
Responsible for reporting flash sales sign off (commercial and Divestment products, BS EMEA commentaries, inventory write off, provision ending with new cost calculation and profit release to Top management.
BS and P&L analysis and explain variances which above the threshold.
Review and approve controls according to ICFW and SOX requirement
Opex review by CC and explain variances and compared with the budget.
Make sure that all the stakeholders are done with their posting and approved it if the backup is sufficient.
Review BS reconciliation and identify the action plan besides the expected date to be released
Verify the data from CERPS to Bison (consolidation system) and make sure that all numbers are landed and reported correctly.
Review and reconcile the IFRS 16 controlling account besides review the ending date for every contract with the lease provider invoice. And book correct CC allocation per employee.
Manage the External and Internal Auditors with the audit process and accelerate the process from receiving the list of requirements and make sure that all the contact persons are the correct ones to avoid any delay.
Make sure that all VAT Debit and credit balances are reconciled in the clearing GL.
In addition to that the CIT calculation accrual.
Monitor and calculate monthly the list of accruals for PO and Non-PO and confirmed with the P2P team.
Make sure that HR Payroll system numbers are aligned with CERPS numbers and agreed in the bank statement.
Controlling General Ledger entries including prepaid, accruals, allocations, and provisions.
Implementation of SAP FI Modules and assist with SAP MM.
Prepare monthly Financial Statements (BS, P&L, CFS)
Lead and Supervise two Accountants in HQ& site on daily basis.
Control assets (creation, depreciation, addition and disposal) on SAP.
Control the PUC (retention, adv. Payment and withholding) for every project.
Responsible for Audit requirement, analysis including capital commitment and related parties.
Follow with external Audit until final Draft and discuss the re-class and adjusting entries.
Calculate and evaluate the interest of Commercial and Islamic loans (Senior & Mezzanine)
• Responsible for All Accounts Payable transaction Throw A/P Module on ERP system. And reviewing cost allocation of the departments with approval of department managers.
• Receiving collection cheques and Misc. receiving on A/R Module.
• Preparing weekly reports of payments and aged payment according to the due payment of vendors.
• Revise the petty cash of the departments and approval of departments head.
• Revise the exporting commercial invoice with form 13, shipping price and the clearance invoice.
• Revise the customs, sales tax and withholding tax of imported shipments.
• Assist with the drawback of customs and refund of sales tax for the raw material local and imported besides the export subsidy.
• Controlling inventory (perpetual physical count for Finish goods) &enter the physical count variances on the ERP system.
• Assisting for all Fixed Assets transaction Throw Fixed Assets Module on ERP system (Additions, Disposals, Depreciation).
• Responsible for the quarter withholding tax and monthly sales tax reports.
• Closing periods and make the adjustment entries on GL module.
• Make consolidated balance sheet and income statement according the average of exchange rate between the periods.
• Reporting to chef accountant and senior accountant.
• Responsible for all Fixed Assets transaction Throw Fixed Assets Module on Al Aseal system (Additions, Disposals and Depreciation).
• Responsible for Suppliers transaction& external, internal transfers and preparing form4 and swift code for transfers.
• Making Vendors transactions from processing vendor's invoices on Al Aseal System till the final payment to the vendors.
• Preparing monthly reports of payments and collection.
• Perform bank reconciliation and compare it with Al Aseal system and ledger.
• Analyze expenses, revenues, customers and Suppliers.
• Control Payroll and time attendance for the employees and salaries.
• Responsible for treasury, checks, letter of guarantee, primary and Ending insurance.
• Responsible for pricing (tenders).
• Cost shipments.
• Prepare the original of sales, purchases invoices, expenses, sales tax, withholding tax and shipments to the Charted Accountant.
• Preparing monthly financial statements, including distributing monthly revenues. and expenditures and making the financial Analyst.
• Make the Master budget to determine the target of sales, profit and cost.
• Preparing monthly sales tax report, withholding tax report and insurance forms 1, 2and6.
• Control Payroll and time attendance for the employees.
• Handling and recording petty cash transactions.
Accounting office
• Preparing journal entries and reconciles general ledger.
• Analyze expenses, revenues, customers and Suppliers.
• Cost and analyze shipments.
• Dealing with all kinds of taxes and insurance.
• Organize the Sales and purchases invoices and filing them.
• Preparing monthly sales tax, withholding tax and income tax.
• Prepare trial balance, adjustment entries, adjusted trail balance ending with income statement and balance sheet.