Sr. Financial Analyst and Acting Assistant Manager Financial Planning and Analysis (FP&A)
AMMROC
Total years of experience :12 years, 0 Months
Responsibilities include, but are not limited to;
• Advisor to Manager FP&A and CFO and point of contact for shareholder communication
• Manage the finance decision support function including:
Budgeting, forecasting and long range planning
General Ledger maintenance
Managing cash flows, including forecasting
Financial Planning & Analysis for a USD 2 Billion P&L
Assisting group Financial Controller in Consolidation of other business units including AMMROC
Financial and Operational reporting at Enterprise and Program level; providing guidance & insight to Exec level management, developing dashboard and automation
Receivables, payables, and fixed assets reporting and management
Cost Accounting, (standards setting, variance analysis and cost of sales analysis and reporting)
Pricing lead/bid controller including multi-billion, multi-year contracts for a range of maintenance services (PBL or total care concept)
Business Partnering & Financial Training
Manage, mentor & develop staff (3 direct reportees); incl. UAE National
Key Achievements:
• Finance lead/bid controller for a USD 5.8 Billion maintenance services contract with UAE Air Force; working closely with commercial team covering all aspects of the Business Acquisition Process
• Developed, with the team; FP&A, Cost Accounting, Pricing and Management Reporting teams from a start-up to a mature function: interviewing, establishing procedures and processes, setting and driving the agenda/business rhythm.
• Developed a robust and transparent reporting and planning framework, including: budget and forecast processes, reporting automation and continuous improvement
• Built strong relationships with shareholders through regular communication of financial performance
• Self learnt Excel4apps software, a reporting tool, then implemented throughout in Finance and trained 74 Finance professionals on it. This software reduced the reporting time to five working days (50% reduction).
• Managing & adapting to change whilst the company doubled in size year over year, five years in a row
Responsibility
Implementing Management and Cost Accounting System and developing tools for Costing of completed jobs. Analyzing product and project feasibility. Management Reporting, Audit & Assurance, Formulating Strategy, Budget & Forecasting, Leading & Supervision, looking after the entire production activities from raw material issuance to finished goods, looking after the raw material/packaging material issuance, return and accounting. Daily reporting on completed jobs with actual V/s standard analysis.
Brief Job Description
• Managing ERP activities and preparation of Financial Statements till Gross Profit
• Budgeting & Forecasting on annual/semi annual basis
• Computation of cost per hour of new machines
• Costing & Feasibility for new products for price setting, to be launched
• Revision of costs of existing products due to changes in cost drivers
• Revision of standards of costs (budgeted) of material, labor, and overhead standards monthly
• CAPEX, Variance Analysis
• Daily reporting, monthly reporting on jobs completed with variances
• Managing Internal Audit responsibilities inside production.
Responsibility
Financial Analysis, Management Reporting, Audit & Assurance, Formulating Strategy, Budget & Forecasting, Leading & Supervision, looking after the entire production & operational activities from raw material issuance to finished goods, Fixed Assets, Receivables & Payables
Brief Job Description
• Handling Finalization of Accounts as per IFRS
• Reporting on Financial Statements to the Head of Finance and Managing Director & Corporate Office in Chicago USA
• Budgeting and forecasting including budgeting for costs of raw material, packing material, labor rates, machine hour rates and overheads, marketing expenses, annual sales promotional expenses
• Financial Statements Preparation as per IFRS, Managing Receivables & Payables
• Liaising with banks for LCs, forward contracts
• Variance analysis and reporting
• Production & Operational departments expense analysis and reporting
• Computation, maintenance and revision of cost per hour of new machines
• Costing & Feasibility for new products/projects for price setting, to be launched
• Processing of write-offs of material damaged/lost
• Verifying the cost from issuance of raw material to finished goods
• Physical stock taking
• Preparation and presentation of monthly production & operational activities report to the respective heads of departments & the Managing Director & Corporate Office in Chicago USA
• Preparation of weekly presentation for submission to Managing Director
• Inventory Reporting and Controlling on daily & monthly basis
• CAPEX processing, controlling, & reporting
• Conducting Internal Audits and Assisting in External Audits
Responsibility
Financial Analysis, Financial Reporting, Managing Finalization of Accounts, Payables & Receivables, Liaising with Banks, Taxation authorities
Brief Job Description
• Handling Activities up to Finalization of Accounts and issuance of Financial Statements as per IFRS
• Reporting on Financial Statements, bank transactions & expenses
• Looking after the Payables’ & Receivables’ Operations i.e. payments to vendor and receipt of payments from customers
• Bank Transactions i.e. submitting of cheques in the bank and reconciling the monthly bank statement with the general ledger
• Preparing & reporting on Payroll
• CAPEX
1 paper to qualify
Details could be attained from www.icmap.com.pk, syllabus 2005
Economics