Financial Controller
Tamer Group
Total years of experience :27 years, 1 Months
- Executes the short and long-term strategy for the department within the context of the 5-year strategy for the Business Unit (BU).
- Develop the annual budget for the organization in coordination with the Head of the Business Units and in consultation with Corporate Finance.
- Monitor budget utilization during the year, and investigate and report material variances in coordination with concerned departments and Head of Business Units.
- Drive Investment appraisals and business feasibility study with the functional heads for the potential business ventures, ensure viability and recommendation of the pricing, and propose different pricing strategy and scenarios to ensure the required margins are achieved.
- Analyze and benchmark performance of each BU against the plan. Provide recommendations, develop and deliver periodic performance reports to BU and the senior management.
- Actively take part in board meetings and interprets the financial results to the senior management for better decision making.
- Key member of the team involved in the Project of KSA VAT implementation at Group level.
- Implemented and run the process of Activity Based Costing Model, helping business for proper cost allocation and brought several ways for cost reduction.
- Involve in Strategic Decision related to acquisition of Warehouse and Purchase of Fleet.
- Preparation of monthly management information reports / Dashboard showing monthly, quarter and yearly performance comparative with historical data and the Budget.
- Control, monitoring and reporting of overheads at all branches for Operations and to check that they should not exceed from the approved budget
- Control, monitoring and reporting of CAPEX budget at all branches for Operations to check they should not exceed from the approved budget.
- Lead the team of Inventory Cycle Count through WMS.
- Ensure timely monthly closing process and the completeness of the monthly financials information. .
- Finalization of insurance policies and negotiate insurance rates, ensure assets are insured timely, handing claims, and recovery against claims.
- Training and educating the finance team on useful tools to upgrade their skills and capabilities to upscale the output of finance department
- Supervised project feasibility reports following business management and deployed budget planning and financial planning analysis. Checked availability of funds and formulated operational and capital investment requirements.
- Coordinated with commercial, sales, and operations to deliver profit and business objectives of products. Overhauled treasury function, executed banking, and financing arrangements required by the company.
- Examined cash flow positions, borrowing needs, and available funds for investment. Collaborated business management in achieving targets and monitored results with the targets and standards under policies.
- Assessed customer profitability, integrated and prepared suitable models, and drivers for proper allocation of fixed cost. Resolved claims, finalized insurance policies and negotiated insurance rates by liaising with external auditors.
- Assisted in preparation and presentation of various MIS reports to the Board members. Modeled project feasibility reports in coordination with business management; guaranteed timely monthly closing and foreign reporting.
- Led the entire Supply Chain, Logistics and 3PL Finance related matters, Budgets/Plans, forecasting and strategic financial planning and analysis. Utilized and allocated operating funds, ensure the accuracy and security of receipt.
- Implementation of effective costing & budgeting system.
- Product Costing, profitability and variance analysis.
- Implementation of ERP based Production, Costing & Budgeting Module.