Financial Controller
Americana-Farm Frites
Total years of experience :18 years, 4 Months
Managing the Finance Control team Function which covering the Costing, Treasury, Accounts payable, Accounts Receivables,
Fixed assets, GL, Reporting & Analysis, Tax and Supply chain planning with total organization head count of 30.
• Responsible for the end to end accounting and reporting for IFRS and statutory financial statements for a defined
set of legal entities, including ‘sign off’ (certification, validation) of the related full set of financial statements.
• Manage the control function and overseeing the control team with overall responsibility of Farm Frites FMCG
control agenda.
• Responsible for financial statements and accounting processes and ensuring that appropriate systems and internal
controls are in place for all cycles.
• Own local accounting policies and ensure that all policies are complied with the requirements of the IFRS.
• Participate in the development of corporate routine and non-routine Risk Management strategy, Compliance
Department and manage implementation of the Compliance Audit Fieldwork and procedures.
• Develop systems and procedures to ensure the efficient and effective management of the company's assets
• Using a financial control framework, including financial accountabilities and authorities to ensure full financial
control.
• Develop and control a centralized accounting system to ensure that accounts are effectively managed
• Manage the day to day operation activities.
• Act as the main point of contact to external auditors and provide all required information
• Business partner with all stakeholders (Netherland shareholder, FF MD and Farm Frites top Mgmt.) identify the
areas which finance team can engage to the business.
• Ensure accounting policies comply with the relevant accounting standards and that group policies are followed
• Recommend changes that will improve the company's financial performance and financial controls
• Lead the finance short and long-term projects.
Responsible for the identification and mitigation of strategic tax risks, establishing processes to ensure sustainable
compliance with local tax regulations, proactively managing accounting processes and routines ensure compliance
with US GAAP, and / or other local accounting regulations as well as company accounting policies.
• Safeguarding the resources of the company by enforcing internal controls & company policies, and continuously
improving them to ensure smooth operations of the business.
• Coordinate the set-up of new Accounting entities and business models, brands, supply models
• Responsible for interacting with areas such Accounting Research, Corporate Treasury, Corporate Tax, and
Controller’s Group.
• Monthly review of financial statements and variances, providing narrative and ensuring active follow up as needed.
• Quarterly review of profit center allocation and BU Economic Profit calculation and analysis.
• As relevant, forms review for complex treatments (e.g., Judgmental reserves, Legal Reserves, SAB108 adj., Cash
Flow unwind, FAS109 related Party Transactions, Impairment testing, manage out program, etc.)
• Responsible for the quarterly BU Representation Letter package (SEC Letter).
• Review monthly certain balance sheet account reconciliations and collaborate with the business on balance sheet
forecasting.
• Critically review business processes, identify the scope for improvement and ensuring optimum utilization of
resources and suggesting improvements in the accounting and internal controls systems of the company and also in
other core processes.
• Managing projects by taking responsibility for the administration work on a project including process mappings,
flowcharting, management and region presentations, etc.
• Liaise with External Auditors as well as corporate auditors for timely and efficient completion of the annual audit.
• Carry out financial due diligence reviews on ad-hoc basis in support of potential transactions.
• Control the monthly reporting cycle and other associated reporting for Corporate, region and local management.
• Lead the agenda on improvement and alignment of operational, compliance and financial controls.
• Manage appropriate review sessions with the business to ensure visibility and understanding of financial
performance.
• Support the business in commercial / field decision making by providing financial and commercial analysis to drive
margin improvement and highlight any productivity initiatives on both top line and bottom lines.
• Support the management team in development of strategic growth plans (AOP, Rolling FCST and SBP).
• Participate in the development of strategy and planning for the department and initiate process improvements to
increase efficiencies and automation of accounting processes.
• Achieving the organization goal through ensuring COSO -Quarterly Internal Control procedures testing in line with
SOX.
• Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding
financial results and special reporting requests.
• Complies with all governmental reporting, record retention, and tax requirements.
• Ensure that the entity complies with all the local statutory requirements like filing of tax returns.
• Develop and maintain a model that provides monthly 3 year rolling cash flow forecasts for individual businesses;
reconciling forecasts vs actuals and engaging with the business to optimize cash flows in order to generate.
discussion.
Managing the Commercial Control Function with total organization head count above 180 in the 30 Distribution centers
scattered across the region, One of my Key role is to evaluate their performance of the receivables staff and develop
people plan that enable the team to proceed in their career within the company.
• Managing Pepsi Cola Egypt Accounts Receivables, which is complicated business due to the huge volume of
Customers ( Cash and Credit ) up to 50 thousands with different sales channels and different payment terms
• Manage all accounts receivables monthly closing tasks, reviewing all Debit and Credit notes, reviewing the
customer’s aging, preparing the Allowance for doubtful monthly entry and securing the needed approvals as per the
company’s policy.
• Helping to achieve the objectives and plans of the company and propose alternatives that increase profitability
and cash flow.
• Managing the monthly closing activities, to ensure that all entries are accounted for correctly in accordance to the
accounting standards and accounting principles.
• Work with the Legal and Sales on the defaulted customers to make sure that all reasonable efforts are took place.
• Monthly confirmation on the customer balances according to the company approved policy to ensure the
correctness ad the accuracy of the company receivables.
• Prepare credit assessment study for the existing and new customers based on the sales channel, credit term,
customer payment history and any other factor to be considered in the credit evaluation.
• Prepare and calculate the Accounts Receivables best estimate, reconcile it versus the actual and identify the reason
behind the variances and take the corrective action.
• Reviewing cause of change analysis for all Accounts Receivables and ensure that all movement is correct and there
is no misallocation.
• Ensure the revenue recognition in accordance with the PepsiCo Policy on timely bases through the daily interface
between MEA S&D (Sales Module) and SAP.
• Assurance of PCE SOX/COSO compliance through risk assessments, Compliance field visits, reports results and
proposed enhancement to the Audit Committee follow up on the action plan.
• Drive the company agenda through setting KPIs, continuing monitoring for the Key business Targets and people
targets as well.
• Identifying all inherent risk, identifying the key controls to mitigate such risk and agree with the top management
on the controls through leading the Order to Cash risk assessment.
• Develop and translate all approved policies in to process flow format “Swam lane format”.
Ensure completeness of all financial transactions provided by the outsourcing (
Manage a team of four in order to implement the following:
• Prepare the set of management reports that are submitted to the Market Units.
• Ensure day-to day transactions accurately posted to GL
• Ensure the integrity of the monthly financial statements in compliance with both statutory and GAAP requirements.
• Ensure monthly preparation of detailed & comprehensive Balance Sheet analysis.
• Manage IC accounting and confirmations and settle all the outstanding balances and ensure the right
implementation of the company’s policy.
• Maintain the company’s global Chart of Accounts and cost centres.
• Prepare checklist for all routine entries that need to be booked on monthly basis and review them with MU
controller to ensure completeness
• Liaise with the Internal / external auditors during their annual audit for statutory financial purpose.
• Liaise with other functions while performing their comparison between actual and budget.
• Coordinate with planning team to prepare and issue the monthly financial deck.
• Actively involved in the regional monthly financial reporting.
• Compliance of the payroll transactions on a quarterly basis.
• Ensure complying with internal financial key controls identified for COSO purposes to secure effective control
environment over the financial reporting.
• Ensure monthly preparation of GAAP VS Local reconciliation for COSO testing requirements.
• Financial reporting and analysis - accuracy, timeliness, quality and thoroughness.
• Evaluate performance of the GL staff and develop people plan that enable the team to proceed in their career
within the company.
Booking all accounting entries on SAP, such as : Cross charging all company related transactions, Debit and Credit
note entries, Legal provision entries, Salaries, bonuses, and all other entries related to “GAAP” ledger such, e.g.,
Forex Entry.
• Ensure accurate reporting Schedule is implemented on a monthly basis
• Review the SAP Financial statements on a monthly basis with our management.
• Check the compliance of the transactions with PI policies and report the incompliant ones.
• Prepare the GAAP reconciliations between (Local Ledger and GAAP ledger) and collect all GAAP entries from
departments to ensure that it is posted accurately.
• Prepare the monthly Financial GL COSO test
• Prepare monthly Balance sheet review.
• Work as a point of contact between Finance, IT and HR departments for analyzing the date for both departments.
Key responsibilities included:
• Report cash and bank deposits to factories and branches.
• Handling Plant operation performance template for all MOH expenses, Material usage variance and broken glass
percentage versus YAGO and prior month.
• Handling quarterly Tax deductions (5% and 2% deductions).
• Participate in the monthly physical count.
• Calculating Accrued Expenses for Nast city plant and related DC’s.
Following up on company’s Cash inflow and Cash out flow and analysing company related expenses.
• Uploading transactions on the Oracle System.
• Preparing Monthly Balance sheet statements.
PERFORMANCE AWARDS
• Recognition of the outstanding performance in (2009).
• Financial Shared Services Set-Up - NEA
Faculty of Commerce, Year