Commercial Fincance Reporting Manager
Jaguar Landrover MENAP Region
Total years of experience :24 years, 0 Months
Responsibilities:
• Monthly Corporate Financial Reporting & Analysis;
• Annual Budgets &Corporate Forecasts: Leading the budget/Forecasting Process across the different functions to ensure required deliveries are presented with high quality & on time to the Head Office;
• Manage Sales & Marketing budgets to deliver best value for money, in line with budget objectives: This includes analysis of Year-on-Year, Return on Investment, and responses to market &brands conditions &performance.
• Commercial financial analysis, i.e. pricing, markets/dealer’s profitability, brand profitability, Return on Investments Analysis;
• Month end closing: Managing provisions of Sales &Marketing budgets and Selling Costs, Reconciliation between statutory (SAP) &Management Reporting (Hyperion COPA &Oracle EMFAsis);
• Process improvements: redefine &write processes to ensure operational efficiencies &proper governance;
Responsibilities include:
•P&L Reporting and analysis;
•Reporting on brand/product and market profitability analysis and driving decisions behind budget investment allocations;
•Ensure accurate financial transaction processing by the AME Finance Shared Services;
•Budgeting Process:
Annual budgeting process;
Quarterly budget updates and variance analysis;
Identifying &reporting savings;
•Improvement &implementation of finance policies and procedures;
•Liaison with Compliance Department for implementation &reporting of internal controls as per group guidelines;
•Liaison with External Audit;
•Financial guidance / joint work with Legal Department on:
Tax strategy (engagement with government to lobby changes in tax which are in the best of both government and industry);
Strategy for fighting illicit trade of competition in light of local laws &the WTO;
•Ad-hoc Financial analysis influencing decision making on:
Pricing strategies;
Responses to competition business changes and marketing activities;
Launch or relaunch of own or competition products;
•Management of the procure to pay process;
•Providing Finance Training to non-Finance employees.
Tasks include:
• Performing compliance and operational audit in 3 areas, Middle East Caucasus (MEC), North Africa (NA), and Turkey.
Processes audited:
oFinancial Health Check ( Controls in the Financial Processes; UAE)
oProcurement (UAE, Turkey Istanbul branch &Izmir Factory)
oBrand Management (Brand profitability, Brand Plans, Brand activity evaluations; UAE &Azerbaijan)
oFieldforce (Controls by Trade; Azerbaijan)
oRisk Management (Business Continuity Plans; Iran)
oAppraisals and Reward (Appraisals &Salary reviews; Egypt)
oStock Management (; Turkey)
oSales &Operational Planning (Annual Budgets &Quarterly reviews; Iran)
•Project consulting; Risk analysis and recommending action plans for mitigating controls
•Reporting to Local & Regional audit committees.
Reports include:
oCompletion status of action plans raised through previous internal &external audits
oUpdated Audit Plan
oNew audits conducted and relevant ratings versus management self assessment
Work includes audit fieldwork and preparation of financial statements & audit reports.
Industries worked on include :
-Trade; retail & whole sale
-Insurance companies; Including a special project on the implementation of new insurance regulations with the Lebanese Insurance Control Commission
-Restaurants & entertainment
-Non Profit; charity
& others…
Tasks performed include:
1. Statutory & Management Accounting: including billing, accounts receivable, accounts payable, payroll, petty cash, banks, management-statutory reconciliation, & reporting to the Beirut office & the Area/Middle East office.
2. Planning & Budgeting: Operational Planning & Budgeting (of profitability; Income Statement), & Forecasting of Income statement results twice a year (based on actual figures versus plan figures, & any factors causing plan changes) & Capital Budgeting (of capital expenditures).
3. Human resources: participation in Job Fairs, CV classification, assistance in preparation for the entrance exams, maintaining personnel records & general HR matters.
Accounts payable for the suppliers (total of 350 mainly American & British suppliers), business correspondence, and general administrative work. Resolving claims regarding returns of excess, wrong or defective shipments & thus getting the credit & reconciling suppliers’ accounts…
Completed courses in Basic & Advanced Accounting , which allowed me to work in accounting then audit.