HEAD FINANCE
LANDMARK ARABIA
Total years of experience :29 years, 5 Months
\[Aug 2016 - till Date\]
Key Responsibilities:
Reporting to Centre Point Business Head - Over responsibility of Accounts, Finance & business support for SAR 5 billion Centre Point Business.
Key Accomplishments as Business Finance Head
• Managing overall Division Accounts and MIS
Departments consisting of 500 plus retail stores
including 85 Center points across five regions.
• Formulating Annual Budgets for four brands
businesses viz, Baby shop, Splash, Lifestyle &
Shoe mart.
• Analyzing Budget V/s Actual at monthly intervals
while organizing Business Segment Review
meetings.
• Review of Store profitability and making strategy
for loss making stores. Pre-Closure of 16 Loss
making stores.
• Appraising Store Level Sales Performance,
Margins, and Profitability, and conducting
Business Segment Analysis & Reporting based
on events and seasons.Markdown Improvement
by 2.5 %.
• Capex Control - Formulation of standard rate
card.
• Drive cost optimization.Saved SR. 22 Million in the
FY 17-18.
• Leading Shrinkage control Drive.Reduction in
Shrinkage by SR 11 million in FY 17-18 over PY.
• Project Lead for VAT Implementation in KSA.
• Member of Core Team for implementation of
S2P2P.
• Inventory holding reduction by Sr. 150 million.
Key Responsibilities:
Reporting to the Group CEO - Over responsibility of Accounts & Finance, Warehouse & Logistics, IT & HR.
Key Accomplishments as Sr. General Manger
* Restructuring of Group legal shareholding structure.
* Arranging Bank funds - Conventional & Islamic.
Represent Group to Banks & maintain outstanding
banking relationships.Bank rate reduction from 4.5 %
to 3.75 % pm. Appox. AED 2 Million saving in
Financial cost.
* Initiated SOPs across functions. Evaluate operations
and make suggestions for increasing efficiency
through improved processes.
* New location feasibility & assess the the implications
on investment requirements. Support business in
developing financial models for new projects both
internal and external.
* Handling commercial negotiations.Saving Appox. Sr 5
Million
* Maintain appropriate Insurance coverage.
* Restructuring the Group funding Model. Determining
the best debit equity mix and managing the cash
flows.
* Shifted Warehouse to Jebel Ali Free Zone. Started
direct store delivery system.
* Introduced the system of new store feasibility
study, approval and monitoring system.
* Played a key role in the Implementation of AX R3
ERP & OPOS System.
* Supervise creation of monthly financials, cash flow -
actual vs budget and forecasts.
* Review & analyze monthly financial results and
provide gap analysis and exception reporting to
board of directors.
Key Responsibilities:
*Reporting to the COO - Territory and supervising 8 departments.
*Managing overall Group Accounts and MIS Departments consisting of 60 legal entities, 10 business segments, and 11 countries.
*Formulating Annual Budgets and Long-term Business Plans based on Business Segment and Territory.
*Analyzing Budget V/s Actual at monthly intervals while organizing Business Segment Review Meetings.
*Arranging for Board Meetings each quarter to coordinate the Group Financial Review.
*Appraising Store Level Sales Performance, Margins, and Profitability, and conducting Business Segment Analysis & Reporting based on events and seasons.
*Acting as the Primary Member of the team handling the WMS, RMS, and OPOS ERP Systems within the Group.
* Ensuring Statutory Audits & Group Accounts Consolidation.
*Performing Business Plan Reviews for all levels at periodic intervals.
*Ensuring consistent Coaching of Team Members and Reviews to ensure accomplishment of KPIs and Personal Goals.
*Assured adequate skill-set, knowledge, and competencies of teams via trainings and coaching with a view to achieve the pre-set targets.
*Overseeing the administrative aspects of finance, Imports, logistics, warehousing, IT, projects, and marketing functions.
*Part of the team for the implementation of SHUKRAN customer loyalty program.
Key Accomplishments as General Manger - Oman Territory:
*Negotiated successfully for the 5 Stores’ Rents at a prime location striking the most economical deals.
*Shifted 8 Warehouse locations into a Single Shed Warehouse location of 25, 000 sq m G+3 structure, with zero damages.
*Introduced the Mid-term Common Sales Promotion fruitfully across 4 Business Segments.
*Played a key role in the Implementation of OPOS System at 50 Store Locations.
*Implemented the Kaizen Technique of Improvement across the functional area.
Key Accomplishments as General Manager - Group Accounts & MIS:
*Ensured proper implementation of WMS at the Central Distribution Centre.
*Initiated and formalized the system of the Group’s Annual Budget exercise.
*Introduced several Cost Reduction and Cost Control initiatives.
*Established the Benchmarking procedure to measure various Retail Business Parameters.
*Monitored superior conduct of Exceptional Reporting, Gap Analysis, and Root Cause Analysis.
Key Responsibilities:
*Reported to the Business Head and supervised a team of 30.
*Ensured the entire accountability of the Accounts & Costing Departments of the 4 Plants.
*Introduced a System for managing Product Costing and Product Development Costing.
*Piloted the Working Capital Management and Inventory Management system.
*Acted as a Member of the Vendor and Customer Price Negotiation Committee.
*Monitored the preparation of Financial Budget, Cost Reduction Budget, and Business Plans.
*Managed and streamlined Capital Budget Control and Asset Management.
*Formulated a Costing System to capitalize In-house Manufactured Tools and Dies for Captive Consumption.
*Supervised adequate Statutory Compliance, Internal Audit, Statutory Audit, Group Audit, and Consolidation.
*Handled the organization of Unit Finance Head Meetings of the Group Companies.
Key Accomplishments:
*Introduced the System of Product Costing and Product Development Costing.
*Established a System of Cost Reduction via Value Engineering Proposals, and initiated a System of Cost Control Budgets.
*Implemented the Procedure of developing Feasibility Reports for New Products.
*Devised and implemented the System of Product Cost and Product Cost and Development Cost Recovery.
During this period my job profile was Independent financial control of JK Foods UK, NOTTINGHAM, UK (a division of Hyperama Plc ) with direct reporting to Director (Finance). The key responsibility areas include
# Preparation of annual budget and monthly reviews.
# Funds management & control.
# Audit planning, coordination & setting target dates for audit.
# Inrastat, Vat returns & reconciliation with accounts.
# Inventory control & stock takes.
# MIS.
My main value addition so far has been in development of good internal controls and generation of new MIS reports for improved decision making of management. Some of
them have been:
# Development of new inventory reports for analysis.
# Introduction of perpetual stock takes.
# Establishing imports ordering cycle.
During my tenure with Mindarika Ltd a QS 9000 certified Indo-Japanese Joint Venture company engaged in the manufacturing of auto electrical switches with Technical & Financial Collaboration of Tokairika Limited of Japan I had under mentioned key responsibilities:
# Over all responsibility of accounts & costing departments with ten subordinates and directly reporting to managing director
# Co-ordination with auditors for year end accounts finalization.
# Royalty calculations under TAA agreements.
# Review and timely renewal of all the Insurance policies.
# Preparation of annual budgets & conducting review meetings.
# Product costing of all the product variants & financial feasibility analysis for new products.
# Monitoring & reporting of product development cost.
# Costing of In house manufactured tools, dies & moulds.
# Sourcing of short-term funds from banks and documentation for all the short term lending.
# Managing Cash Management System & forex management.
# Internal audits, stocks takes, Capital expenditure control.
# Monitoring cost reduction budget.
# Monthly MIS to Tokairika, Japan