Financial Analyst
Nesma Trading Company
مجموع سنوات الخبرة :21 years, 8 أشهر
Since May 2012 Nesma Trading Company Al Khobar, KSA
Nesma (nesma.com) is a privately owned Saudi holding company that maintains a growing portfolio of operating companies across various sectors which includes Manufacturing, Construction, Facilities Manageament, Technical Services, Security Services and Industrial Catering.
Divisional Finance Controller
Job Responsibilities:
• Preparation of Annual Budget and its presentation to the top management.
• Monthly Comparison of Budget with Actual expenses and its analysis for variance.
• Maintenance and updation of approved budget data in the ERP.
• Using Financial modeling to demonstrate the relationship between revenue and cost activity levels
• Defining the financial statements in the ERP. Provide authoritative counsel on proper accounting principles, procedures, systems, and practices. Taking care for compliances of statutory requirements.
• Assuring that accounting records are prepared and maintained in accordance with the company's accounting policies, subordinate ledgers reconcile with the general ledger.
• Inter Department Co-ordination and education on issues related to Budget preparation of the respective divisions.
• Developing system for Internal Audit and control
• Accommodating Ad-hoc report requirements from the Top Management
• Ensuring timely processing of transactions and related reconciliations
• Processing of Payroll and its related reconciliation of Provisions
• Review and monitor stock and WIP status reports.
• Analyzing the Accounts receivable status and ensuring proper credit policy is followed
• Handling the Accounts Payable team with proper provisions of Un-invoiced receipts and related supplier payments
• Track and reconcile Inter-Company inventory accounting transactions
Job Responsibilities:
• Assuring that accounting records are prepared and maintained in accordance with the company's accounting policies, subordinate ledgers reconcile with the general ledger.
• Documenting processes and procedures, using audit trial through the system to make sure that proper processes are being followed by the users.
• Enhancing financial reporting from the system directly and template in excel using Advanced excel function and VBA
• Responsible for maintenance, accuracy and integrity of master data in finance module of ERP.
• Facilitate the implementation of new reports in liaison with IT and Operations
• Preparation of Budgets by consolidating the components of Sales, Production, Material Purchases, Labor, Factory Overheads, Sales & Administration expenses budgets.
• Provide response to adhoc request for MI from management team
• Track and reconcile Inter-Company Integration Transactions related to Payment, Receipt, and Inventory movements.
• Maintain controls over inventory movement and monitor the integrity of the perpetual inventory system including review of inventory transactions, ensuring the reconciliation of the general ledger to the physical inventory records and recording the necessary adjustments.
• Provide response to adhoc request for MI from management team
• Accommodating Ad-hoc report requirements from the Top Management
Nov. 2007 - Dec.2009 Barry-Wehmiller International Resources India/USA
Finance Consultant
Job Responsibilities:
• Assisting Enterprise Application Services Dept. working as finance consultant in the projects across USA, India and Middle East.
• Identifying problems in the business Process and understanding new business requirements.
• Documentation on Area requiring Process Improvement
• Implementing approved processes with project team and Departmental Key Users. Coordinating continuous improvement of processes and reconciliation with Key Users
• Walking through procedures and making test of control
• Help the Accounting Dept. to prepare the financial statements (Balance sheet, Income statement, Cash flow).
• Ensuring policy conformance, authorizations, signatures and segregation of duties, checks and balances are in place.
• Taking care for compliances of statutory requirements.
• Training to end users for Finance, Distribution, Warehouse and Payroll processes in ERP.
ERP Consultant-Finance/Costing
Job Responsibilities:
• Financial mapping, business process mapping and process improvement in finance module.
• ERP Finance module Implementation, Project Scheduling and Co-ordination
• As is process study, To be analysis, Gap Analysis
• Recommendation and Key user Training in Finance
• Development of reporting system of KPI’s for Management and BaaN users
• Handling of ERP Baan Tools and Administrator task covering report creation, New user set up and authorization, Back up Scheduling and Exchange Scheme creation.
• Providing Baan Query to finance users for ad-hoc reporting.
• Handling Customer Request for specific system functionality in Finance module
• Responsible for creating functional specifications for the customers
• Preparation of Specification for Customized Reports, Go Live Support.
Job Responsibilities:
• Monthly finalization of MIS relating to sales, receivables and inventory
• Business wise and region wise analysis of profitability
• Overdue analysis and its reporting to management for the possible bad debts.
• Monitoring of stock and aging analysis of inventory at all units and depots
• Product Pricing of Retail Business
• Assisting in finalization of financial statements including consolidation and Notes to accounts and other reporting requirements.
• Liasioning with the statutory auditors and internal auditors
• Monitoring and controlling the Payment of Salary, Incentive and Reimbursement to Sales Associates located across India.
• Purchase Control, Vendor Bill Passing and their accounts Reconciliation.
• Accounting of Security Deposit and Credit Note Processing
Job Responsibilities:
• Supervising day to day works of Accounts Department
• Finalization of Annual Accounts
• Co-coordinating with Internal, Statutory & Management Auditors
• Preparation of Budget, Review of actual performance with budget, Analysis of variance and critical review thereof
• Preparation of MIS, Cost Centre wise Cost Report
• Planning & Purchasing of Imported Raw Material
• Preparation of Cost Sheet for Purchased Material (Indigenous & Imported)
• Material Variance Analysis, Wastage report
• Vendor Evaluation, Capital Budgeting
Holding Associate membership of chartered institute of management accountants, UK and Chartered Global Management accountant from AICPA, US
Post Graduate diploma in Business Management
Equivalent to CMA
• Bachelor Degree in Commerce.- C.S.J.M. University, Kanpur, (India)