Finance Manager
OVO Egypt
Total years of experience :16 years, 11 Months
Maintaining all accounting functions supervision including (AR, AP, GL, FA, CM )
• Maintaining budgeting for all business segments, scheduling the workshops, and making
required updates including rolling forecast, outlooks, KPI’s and balance score card.
• Maintaining Monthly reporting package including P&L analysis YTD, YTG, MTD, YOY per
business line including variances analysis.
• Developing general Standard Manual including RACI Matrix & DOA to ensure
the strict compliance with policies & regulations and SOD.
• Maintaining periodically financial analysis and advancing business insight related to ratio
analysis such (CCC, liquidity, operational ratios, Leverage )
• Evaluating new investments opportunity including the calculation of IRR, NPV, ROI,
attending and coordinating the workshops related to further investments analysis, and
making required recommendations.
• SAP ERP implementation finance business partner: assist in the preparation of master
data, testing modules schema, and posting profile before the pilot process for all modules
(GL, AP, AR, FA, CM, TAX)
.Treasury Functions and cash operation management.
Maintaining the annual budgeting process including collecting and consolidating the data creating the budget templates and forms for all business segments, scheduling the workshops, and making required updates including rolling forecast and outlooks, maintain KPI’s and balance score card.
• Maintaining Monthly reporting package including P&L analysis YTD, YTG, MTD, YOY per business line including variances analysis.
• Maintaining monthly BS analysis including financial ratios (CCC, liquidity, operational ratios, ..et ) .
• Maintaining annual and monthly cash flow projections.
• Assisting the financial advisor in evaluating new investments opportunity including the calculation of IRR, NPV, ROI, attending and coordinating the workshops related to further investments analysis, and making required recommendations.
• Oracle ERP implementation finance business partner: assist in the preparation of master data, testing modules schema, and posting profile before the pilot process for all modules (GL, AP, AR, FA, CM, TAX)
• Implement Monthly closing procedures, process, and data collection, cycle count procedures & issue monthly P&L and financial statements. Develop the business commentaries and financial statements disclosures as per the statutory reporting requirements.
• focal point with the external auditors and manages the communication of all the requirements during the review & audit phases to ensure accurate, timely and quality submissions.
• Maintain and update chart of accounts, accommodating the local GAAP & IFRS, and ensure it is suitable to be unified across all subsidiaries to standardize the accounting & reporting and facilitate the consolidation process
• Assist in developing procedures & controls to ensure the strict compliance with policies and regulations
• Assist in the process mapping of all the financial and business transactions into standard flow charts and reference manuals.
• Play a key role in the automation journey of the financial processing and reporting
• Focal point with ERP Reimplementation project Manager: creating AS-IS & TO BE Cycles, assist in the preparation of master data, creating teams, testing modules schema, and posting profile before the pilot process for all modules (GL, AP, AR, FA, CM, TAX)
• Design and implement Budgeting system
• Maintaining and Designing costing System.
• Design OH Allocation techniques.
• Setting KPI’s and target plans.
• Design and implement Reporting system and MIS.
• Selecting, training and evaluating: costing, stock control and budgeting controls teams.
• Assist CFO in designing and implement financial management strategy & reporting system.
• Improving & implementing Data accuracy process & Workflow cycle & Document cycle.
• Pricing strategy & Cost Saving Projects & Profitability analysis by SKU’s/ TC / Business unit Review the economics of the new products with: R&D /Marketing/Sales
• Assist in Implement internal control system & internal Policies.
• Implement Monthly closing procedures, process, and data collection, cycle count procedures & issue monthly P&L and financial statements.
• Key Person on annual audit process and facilitates of audit process for External audit firm.
• Oracle ERP Reimplementation project Manager: creating AS IS & TO BE Cycles, assist in preparation of master data, creating teams, testing modules schema and posting profile before pilot process for all modules (GL, AP, AR, FA, CM, TAX)
.
• Responsible for planning & Follow UP monthly, annual stock count ( FG & RAW & WIP )
• Preparing and follow up inventory & Cost Management KPI's.
• Follow UP The performance of inventory Control Team.
• Training inventory Control Team.
• Preparing Monthly, Annual inventory Value Report & COGM & COGS & GP.
• Reviewing and controlling monthly over head (MOH) applied and comparing it with actual .
• Reviewing and controlling bill of material whit standard BOM Variance Report
• Responsible for Follow UP & Audit inventory adjustments Transactions makes by inventory control Team in Microsoft Dynamics AX 2012 R3 and Other ERP systems.
• Generating the stock variance report for verification, submitting for approvals and closing of Stock count process.
• Monitoring inventory transferring between retail outlets and warehouse And Factory.
• Monitoring the damage stocks, counting and physical destruction along with system updates.
• Visiting the outlets for spot checking the manual invoice, security tags, and price related issues.
• Preparing inventory Report For (non moving item, Damage item, stagnant item).
• Follow up Warehousing activities and logistics.
• Follow-up Supplies of the purchase orders
• Adjust the inventory movement's cycle and Counting Process & Mentoring minimum and maximum Stock.
• Manages AP. Includes, Customer Vendor Relations, and the AP disbursement group which handles all check disbursements
• Manages accounting functions including maintenance of general ledger, accounts payable, accounts receivable, and project accounting; ensures accuracy and timeliness.
• Develops, implements and maintains systems, procedures and policies, including accounts payable functions to ensure adherence to company guidelines.
• Manages monthly closing of financial records and posting of month end information; ensures accuracy of financial statements.
• Preparing the audit & control plans and ensure that can be reviewing and controlling all the company activities commensurate with the severity.
• Responsibility for compliance audit, operational audit, financial audit, information systems audit, performance audit, economy and efficiency audit .
• Development the company Policies Such as credit policies, financial policies, collection policies and management of bad debts.
• Follow up the company performance and ensure the implementation of the general plans of the company
• Responsibility for investigation in the event of fraud
• Risk assessment
• Responsibility for reviewing the segregation of duties.
• Detect the errors and the deviations and working to correct it and Make sure that not recurrence by follow up.
• Checking out a documentary cycle And there are no gaps in the audit process
• Preparing flow charts for the all activities of the company.
• Preparing reports to CEO and make recommendations to improve performance and solve problems.
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