Finance Manager-65708469
Royal Food Services
Total des années d'expérience :19 years, 10 Mois
Chains & Locations-+965-65708469
1. Nestle Toll House- 20 (Coffee Shop)Locations, Kuwait
2. Nestle Toll House-5 Locations(Coffee Shop), UAE
3. Boccini-Dine In- 2 Locations, Kuwait
4. Deb Al Reman- 1 Location (Dine in), Kuwait
5. La'amoush- 2 Locations(light food), Kuwait
6. Catering of above all concepts
Core F&B Industy Skills:
Mergers & Acquisitions
Feasibility Studies for new locations
Franchiesee Development
Recipe and its recording mechanism analysis
Financial Planning, Budget and Variances
Financial and Operational Analysis
Strong hold on all Modules of ERP system
Location & Brand Analysis
Financial Functionalities
--To review, analyze and consolidate the 20 business unit’s budget inputs and present consolidated budget in alignment with company short term & long term strategic goals.
-Implementation of Accounting Controls, policies and procedures
-Woking capital & strong fund management
-Approve and coordinate changes and improvements in automated financial and management information systems for the company.
-Interact with other managers to provide consultative support to planning initiatives through financial and management information analysis, reports, and recommendations.
-Financial Analysis, Consolidation of activities & Variance analysis
-Boost profitability of business units through various recommendations and controls
Monthly Finalization of Accounts by Passing the accrual entries & Adjusments
Prepare the Monthly P&L Statement, Cash Flow Statement and Balance sheet for each location
Maintaining schedule of Provisions and prepaid for Audit purpose.
Verification of whole Najah Group fixed assets and maintained schedules.
Reviewing Daily Bank statement and reconciliations for the purpose of control on daily transaction
Financial Planning, Budget and Variances
Recipe and its recording mechanism analysis
Strong hold on all Modules of ERP system
Planning & Management Consulting
-To review, analyze and consolidate the six business unit’s budget inputs and present consolidated budget in alignment with company short term & long term strategic goals
-Interacting with CEO, CFO & COO for business and expansion plans
-Highly Experienced in Variance Analysis (Sales-Cost mix) of various Industry
-Preparation of business models and analyses in areas such as Budgets, Business plan, Start-ups, Due Diligence, and Enterprise Valuation thru Asset Approach, Market Approach, Income Approach & Profit Earning Capacity Approach
-Management reports on monthly, quarterly & yearly basis by designing reporting template for regular management accounts and related reports for Board Presentation, queries from financial institution etc.
-Provided detailed bottom up coverage in terms of the industry overview, company earnings and future outlook, price movements, SWOT analysis and valuation leading to a target price
-Analyzes financial information of new projects to determine present and future financial performance from various tools like IRR, NPV and Pay-Back period, Profitability Index, Major Ratios, SWOT Analysis and Scenario Analysis etc.
-Preparation of management reports to identify root causes for deviations & Steps to Correct it
-Feasibility Study of Overseas Investments
Financial Accounting
-Ensures Timely Monthly, Quaterly & Yearly Closing of Accounts & GL review
-Responsible for Financial Statements- Income statement, Balance Sheet & Cash Flow statements and Payroll of 1300 Employees of City Group Company
-Implementation of Integrated Accounting Systems and review -existing IT systems for process improvements
-Manage engagement with Tax/Statutory/Internal Auditors for quarterly and annual reviews
Banking & Commercial
-Establishment of relationships with banks and other financial institutions for LCs, LGS and other financial facilities
Ensures monitoring of Working Capital management
-Provision of guidance to commercial team for projects and tender preparation and contract negotiation
-Ensure compliance with respective regulatory requirements, CMA and Stock Exchange and Ministries regulations
-Manage the performance of the team - set annual performance goals, monitor performance and provide constructive feedback to improve performance.
Team Management
-Provide On Job Training to direct staff
-Direct Supervision of Three(3) Sr. Accountant, One(1) Financial Analyst and One(1) Head Cashier. Indirect Supervision of Eight(8) Cashiers
Feasibility studies of new projects.
Preparation of Monthly Financial Statement (Flash) includes Income Statement, Balance sheet, Cash Flow Statement (Direct & Indirect), Ratio Analysis and Break-evens of different BU
Financial & Operational Commentary of above mentioned financial Statements
Implementation of policies & procedures in finance departments.
Review of Bank & Supplier reconciliation.
Prepare reports for analyses as needed.
Supervising Payroll Processing.
Reconciling Trial Bal. with Financial Statement
Co-ordination with different bank for opening LC’s
Analysis of Financial Statement of Company
Analysis of Assets and Payable Management
Communicating/presenting the financial data to the executives.
Preparing "Monthly MIS Reports" and "Annualized Financial statement" in accordance with the International accounting standards (IFRS) and adhering to group policies.
Budgeting - Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions
Prepare return on capital investment model for new stores and markets and monitoring the actual performance against that model on regular basis
Auditing - Key personnel responsible for liaison with auditors in providing details of transactions and events and other audit related areas.
Model & provide previous, current & forecasted financial information to assist & enable Management to review performance & build Business Plans that optimize trading pattern.
Controlling the Product & Services costing expenditure by doing constant research on the expenditure incurred at store
Security Analysis - Fundamental Analysis(SWOT analysis, Micheal Porters Method) Ratio Analysis and Discountation of Cash flow system, NPV method, Quantitive Method
Portfolio Management -Pricing of Different Financial Products(Shares, Bonds)
(Knowledge of Put and call)
Knowledge of Internal Rate of Return
Risk And Return Analysis
Project Management
Finalization of Financial Statements
Cash Flow Statements.
Bank Reconciliation Statements.
Internal and External Audit Function
Assist in preparation of client's reconciliation.
Finalization of Accout
Cash Flow Statements.
Preparation of notes to Accounts.
Assisting in Internal and External Audit Function
Verify supplier invoices of clients
Maintain petty cash of firm
Assist in preparation of client's reconciliation.
Maintain an up-to-date record of insurance policies held by the clients firm
Assist in preparation of audit schedules.
verifying receipts for cash/cheques received by the company and matching the debtors concerned.
Prepares financial statements.
Designation-CHARTERED FINANCIAL ANALYST. It covers following subjects:-financial accounts, economics, statistics,f inancial management, management accounting,portfolio management , security analysis. KNOWLEDGE: Share and Bond valuation. Risk and Return analysis Fundamental Analysis, Mutual Funds, Option (put,call and futures), Manage key aspects of the deal process, including analysis, financial modeling and valuation of potential real estate investments Research market conditions affecting the company's proposed projects at local, regional and national level Case Study PROJECTS HANDLED Study on Valuation & Forecasting for Infosys Technology Analysis it competitive position, Ratio Analysis, Eva Analysis, Discounted cash flow using Wacc & free cash flow, Return on Invested Capital, Forecasting cash flow till 2010.
Masters of Commerce in Business Administration