Group Finance Manager
AgroPower Industrial Group
Total years of experience :22 years, 2 Months
• Contribute in formulating organization’s vision, mission, objectives and setting and implementing corporate, business and functional strategies.
• Formulate and implement organization’s financial strategy and determine finance dept. goal and objectives.
• Support the annual business plan preparation by providing historical financial information, analysis and economic factors forecast, and manage preparation of the company’s tactical and operation budgets.
• Perform data analysis and advise senior managers on profit-maximizing ideas.
• Ensue the financial health of the organization.
• Advise on investment activities and provide financial strategies that the company should take
• Direct investment activities, and develop plans for the long-term financial goals of the organization
• Provide financial reports and interpreting financial information while recommending further courses of actions to enable company’s leaders to make sound business decisions and meet the company’s objectives.
• Develop and implement financial plans that support the company’s growth and profitability.
• Monitor financial performance, identifying areas for improvement, and capitalizing on opportunities
• Analyze trends to reduce financial risks associated with making investment or spending decisions.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Manage, guide and lead employees to ensure appropriate financial processes are being used
• Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
• Partnering and correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
Enhancement of: the organization's capability of financial planning, budgeting, budget control and forecasting role, analyze and evaluate the business actual performance, advanced financial and management reporting, treasury management, develop the financial modeling process and application, new project evaluation and capital appraisal, ERPs setup according to the nature of the business operation and the operating cycle, business process & procedures, Start-ups and support new business development, spread out the finance business partnering concepts. Advise in business transformation process if any and assist the business restructuring process. Help the organization meeting strategic goals and provide financial guidance to organizations and assist businesses in making strategic financial decision.
• Assist management formulating the Organization's vision, mission, objectives and setting overall strategies.
• Support the annual business plan preparation by providing historical financial information, analysis and economic factors forecast, and manage preparation of the company’s tactical and operation budgets.
• Direct, supervise and coordinate establishment of budget programs in coordination with concerned department managers
• Supervise the implementation of the department's set plans, as well as ensuring their compliance with the company's objectives and vision.
• Manage the company's receivables and payable, and administering the financial risk-management processes for the company
• Oversee finance team in maintaining and updating books of accounts.
• Maintain a system of accounting policies and procedures on the computerized accounting system.
• Monitor outsourced operation contracts and supporting functions.
• Manage taxation and handle all tax and statutory compliance related issues for the organization.
• Forecast cash flow positions, related borrowing needs and available funds for investment.
• Maintain banking and other financial institutes relationships.
• Recommend and assist the organization in determining company’s capital structure.
• Manage the company’s cost accounting activities and costing of projects in coordination with the concerned department managers.
• Issue monthly financial statements and reports to measure the actual versus planned results of the operations as well as take corrective measures when required.
• Continuously review, monitor and evaluate company financial statements and balanced sheets to evaluate the financial performance of the company.
• Engage in ongoing cost reduction analysis in all areas of the company.
• Interpret the company’s financial results to the management and recommend improvement activities.
• Compile key business metrics, analyses, and reports and report them to management as required.
• Take up financial controller-ship of the organization and ensure all processes, procedures and activities across all departments prescribe to the most cost effective, optimal and efficient manner.
• Continuously, review and update financial and inventory policies and procedures, monitor the implementation of these systems.
• Coordinate with the all Departments to ensure effective working capital management
• Support the annual business plan preparation by providing historical financial information, analysis and economic factors forecast.
• Coordinate the preparation the annual budget, and periodical forecast.
• Monitor the annual operating budget and periodic forecasts including revenue, manufacturing costs, operating expenses and cash flow by developing the planning model in order be updated regarding the financial position when required
• Analyze company-wide financial results, prepare the monthly financial reports and continuously developing the planning model to adhere with the company reporting deadline
• Oversee the costing function including product costing process, inventory control and MOH by managing the costing team to be the guide of the top management regarding the processing losses, NCM along with the recommended saving projects
• Provide support for business strategy development and execution by updating the financial planning model to provide the top management with the necessary information on the right time
• Monitor annual plan and forecast by overseeing the actual vs. budget monthly report to maintain the original budget and recommend whatever actions needed
• Review current progress towards achievement of Annual Plan Targets by using the business objects and the planning model to support the development of contingency plans and corrective actions
• Provide on-going planning support to the Pricing and Marketing activities (Promotions, New Brand, Package Launches and relaunches) by develop and implement a Quarterly Financial Operating Review to support the company modeling of alternative scenarios and perform sensitivity analysis
• Assist Manufacturing and material departments in understanding product costs and potential cost reduction opportunities by reviewing the actual results with the various dept. heads in order to achieve the down top budget control
• Identify opportunities to optimize cash management processes and enhance efficiency.
• Manage banking relationships, coordinating banking activities and support the implementation and maintenance of treasury systems and technology
• Assist in identifying and assessing financial risks, such as foreign exchange rates risk and liquidity risk. And issuance of the appropriate reports, recommendation and corrective actions.
• Oversee the processing of financial transactions, including wire transfers, payments, funding operations and the core business inputs.
• Monitor the implementation of risk mitigation strategies while collaborating with internal stakeholders to ensure compliance with treasury policies and procedures.
• Lead the internal coordination and collaboration with legal firms regarding the operation of fixed assets reevaluation process that may be required to accurately describe the true value of capital goods owned by a company.
• Oversee general accounting activities and maintain accurate, transparent and timely financial records of the company.
• Ensure the existence of effective internal controls, including robust planning systems to appropriately manage risk.
• Provide Analysis of all General Ledger accounts and ensure all accounts reconciliations of Balance sheet and P&L components are done on a monthly basis.
• Ensure keeping the work processes and system efficiently up-to-date to support value creation.
• Communicate the information to relevant users & provide the appropriate financial information to support all functions.
• Provide an objective view point and holistic prospective to the decision-making processes.
• Provide investment recommendation for product initiatives & performing project evaluation.
• Show the actual cost and cost trend analysis of a particular services or product and highlighting the unprofitable venture, departments, or processes.
• Lead business partners in the understanding and application of financial concepts and techniques and management information system.
• Manage banking relationships, coordinating banking activities, and drive leading treasury tools and techniques to manage risks such as exchange rates.
• Generate and distribute comprehensive financial reports to stakeholders, including executive management and department heads.
• Lead the company's strategic planning, competitive understanding and financial goal setting at the corporate and business unit level.
• Provide medium term financial planning through annual budget preparation, business updates, variance analysis and latest estimates on a regular basis.
• Contribute to building the organization capabilities by participating in recruiting, training, and implementing organization development and HR systems.
• Supervising the bookkeeping of the accounts and daily transactions
• Finalization of accounts and preparation of financial statements.
• Supervise banks accounts reconciliations against the general ledger.
• Manage receivable and payable accounts, and ensure that monthly reconciliation is timely performed.
• Verify and confirm daily petty cash and bank payments and put up for final approval.
• Verify and confirm petty cash reimbursement and put up for final approval.
• Manage and process monthly intercompany payments and resolve any intercompany discrepancies
• Strictly implementing the notified financial policies and procedures.
• Supervise, verify and monitor monthly payroll, advances and loan accounts
• Check and verify weekly and monthly reimbursement of petty cash and related JV.
• Check and verify documents before putting up for final approval.
• Carry out monthly reconciliation of all expenses, accruals, provisions and prepayments.
• Liaise with internal and external auditors, provide supporting documentation, information and answers
• Ensure compliance with regulatory requirements, accounting standards, and internal controls
• Collaborate with internal stakeholders to ensure compliance with operation policies and procedures
• Ensure Trial Balance transaction entries accuracy and adequacy, and prepare the financial reports and analysis of organization financial performance.
• Generate and distribute comprehensive financial reports to stakeholders, including executive management and department heads.
• Ensure alignment of budgetary goals with overall business objectives, and collaborate with department heads to create annual budgets based on organizational goals and financial forecasts,
• Monitor budgetary performance regularly and analyze financial data to identify variances and trends.
• Provide detailed reports and insights to management, highlighting areas of concern and proposing corrective actions.
• Review, process and reconcile suppliers’ invoices and ensure suppliers’ invoices are appropriately authorized for payment and paid on time
• Process payments and documents such as cash invoices, journal vouchers, employee reimbursements, payable cheques, and outgoing bank transfers
• Manage and process monthly inter-company payments and resolve any inter-company disputes
• Ensure all payment vouchers and banks receipts are properly filed
• Monitor and reconcile cash transactions to ensure that bank account balances are accurate, and report and investigate any unusual items
• Prepare monthly bank accounts reconciliation, identifying differences and make the appropriate adjustment transactions
• Support Preparing branch payroll by reconciling the employees accounts, audit and confirm the final pay-sheet accuracy and put them for approval
• Maintain Accounts receivable files and ensure proper documentation is maintained
• Preparing the branch basic financial reports
• Maintain the financial transactions of general ledger within each accounting period, to ensure transactions accuracy and completeness.
• Reconcile GL items periodically to ensure utmost control while supporting the month end closing process
• Ensure that all month-end provisions / accruals / prepayment are well maintained, and all General Ledger accounts are duly reconciled.
• Ensure accurate sales orders, quotations and invoicing processing and placement in the system
• Coordinate, track and monitor sales orders and sold goods delivery operation to attain customer satisfaction.
• Coordinate and support the company’s business relationship with clients, sales team and operation team
• Support sales team to achieve the sales department strategic objectives, tactical goals and budgeted targets
• Receive and handle customer calls efficiently to reduce customer waiting time, missed and transferred calls
• Conduct continuous outgoing calls for sale operation to enhance achieving the sales target
Preparing for Exam