Financial Planning Manager
LEADERS OILFIELD EQUIPMENT LLC
مجموع سنوات الخبرة :17 years, 5 أشهر
Assist in developing annual budgets, quarterly forecasts, and long-range financial plans.
Collaborate with department heads to gather inputs, review assumptions with strategic objectives.
Conduct variance analysis of actual vs. budget/forecast results to identify trends, risks, and opportunities.
Provide insights and recommendations to management based on financial performance.
Develop and maintain financial models to support budgeting, forecasting, and decision-making processes.
Ensure accuracy, reliability, and consistency of financial data and assumptions.
Prepare and distribute regular financial reports, dashboards, and KPIs to senior management.
Summarize key findings and highlight areas of concern or improvement.
Assist in the preparation of quarterly financial forecasts, including revenue, expenses, and cash flow projections.
Analyze key drivers and assumptions to validate forecast accuracy.
Perform ad hoc financial analysis and scenario modeling to support strategic initiatives and investment decisions.
Respond to management inquiries and provide actionable insights for consolidated financials.
Identify opportunities to streamline and improve financial planning and analysis processes.
Prepare, monitor and control the budget analysis and forecasting with realistic budget.
Liaison with auditors, tax agent, banker, government bodies and company secretary.
Process and review Vat and Corporate Tax matters and submit on time
Collaborating with management to ensure delivery of corporate strategic plans.
Handling preparation and presentation of management reports containing detailed financial statements,
Overseeing monthly and quarterly financial results, performing analytical evaluation of financial performance thorough ratio analysis, reporting on key metrics
Consolidating group financial statements of eight divisions and developing decision support reports.
Guiding financial forecast, cash flow projections, and formulating working capital for effective cash flow management.
Executing budget preparation, comparing the actual results with plans
Controlling monthly and yearly close process by ensuring reconciliation of all modules with General Ledger.
Validating the month-end adjustments and verifying the accuracy and conformity of financial transactions with IFRS.
Directing accounts payable, receivables, inventory, treasury, payroll, fixed assets and
bank reconciliation functions.
Designing and implementing internal controls to strengthen financial reporting control environment, mitigating risks, establishing policies and procedures to improve business processes.
Monitoring compliance with policies and regulations, reviewing VAT returns and advising on complex transactions
Developed and presented periodic financial reports to the corporate management and reported on KPIs.
Formulated analytical financial reports that included ageing analysis, creditors management, AP, AR management functions and adjustments, revenue forecasts, budgeted cash flows, reports with variance analysis and KPI analysis for effective performance measurement and cost control.
Monitored collections for timely recovery of overdue receivables to ensure efficient working capital management.
Oversaw vendor management, scrutinized purchase orders and reviewed vendor ageing for timely payments.
Executed monthly GL, closing of group companies and ensured all adjustments have been accounted for correctly.
Administered identification of internal control deficiencies, mitigated business risks, and developed policies for financial improvements
Managed large teams through the planning, execution, and completion stages of the audit and advisory engagements.
Executed engagement planning and assessment of business and related audit risks.
Counselled clients on complex financial reporting, risk management and compliance with laws.
Reviewed financial statements, ensured compliance with IFRS and formulated audit reports.
Performed financial analysis of financial position including review of cash flows, budgets and valuations.
Reporting on entire product costing for Oil and related products.
Assisting Manager Costing in developing financial budgets and standardization of BOM Bill of Material for SKU levels.
SKU rationalization techniques by reducing cost by locations and marketing channels.
Monitoring of Budget performance and improvements thereof in operating processes.
Development of cost reduction proposals for budgeting.
Comparison of Actual and Budgeted outputs using variance techniques highlighting wastages of material labor efficiency and overheads proper allocation and ascertainment