Manager Budget & Controlling
United Arab Shipping Company
مجموع سنوات الخبرة :13 years, 11 أشهر
Promoted with a higher position to lead further development and enhancement of management reports, annual budget process, periodic rolling forecasts, cost controlling and the improvements of entire department’s work flow as a whole. Working closely with other departments to implement strategic goals and to define ways to measure business performance based on key indicators rolled up into meaningful business metrics.
Various other duties include;
Timely preparation of monthly reports for executive management and the Board for efficient decision making.
Assist the VP Financial Planning in preparation of any additional reports, information and other analysis as required on ad hoc basis.
Monthly root cause analysis of regions & segments profitability with variance analysis.
Provide information and resolve routine queries from internal sources.
Making peer analysis and present to executive management.
Monitor and take corrective actions for allocated cost to P&L within regions.
Setup of standard templates for consolidation of trades & regions reports for accurate and efficient reporting.
Prepare continuous forecast for the management and to provide and highlight proper indicators for proactive actions.
Achievement
Enhanced data quality, consistency and standardization of reports for better visibility and controls.
Bring Actuals to forecast accuracy to 99% level.
Merger Project - Controlling & Reporting Lead
August 2016 - To Date
Special Project
Nominated as project leader for controlling and reporting alignment with Hapag- Lloyd to map data and reports for integration and joined reporting as a combined entity.
Have overall responsibility for accounting and finance functions including financial planning, receivables optimization, accounts payable, fixed assets, budgets/forecasts, cash flow management, MIS and audit. Other duties include;
Prepare & monitor budgets and forecasts for revenue, cash flow and expenses. Report variances in relation to actuals vs. budgets/forecasts in a timely manner.
Prepare interim financial statements (P&L, BS and Cash Flow) in compliance with International Financial Reporting Standards.
Supervising and handling bank and subsidiary accounts reconciliations.
Responsible for legal and statutory compliance by the company.
Conducting analyses and evaluations for cost-reduction opportunities available to the company and to work for the better profitability margins.
Finalizing year-end financial accounts which includes interim and final audit of accounting records by the auditors.
Analyze, report and manage financial risks in relation to processes, profitability, sales, budget overruns, controls and compliance.
Manage clients & suppliers' contracts and all related documentations, approvals and controls.
Achievement
Automated bank reconciliation process resulting in improved operating cycle.
Resolved payment from disputed invoices worth USD 0.3 million.
Promoted at higher managerial grade to strengthen internal and external controls and to formulate polices and procedure for the group of companies. Other areas of work included analysis and enriching of cash flows, cost controls and to assist management in increasing overall profitability of the company.
Detail job duties include the following;
Consolidation of accounts and preparation of Group financial statements.
Preparation of annual budget of the company with controlling over capital and revenue expenditures.
Company level capital budgeting of investments and to prepare feasibility reports for the management review.
Project based accounting to control and monitor projects cost.
Review and analyses of variances on monthly basis to highlight the management about strong & weak areas of the company.
Preparation of management reports for distribution to MD, directors and the management.
Brand wise contribution margin and profitability analyses to analyze best sales mix need to be sold to maximize contribution margins by reducing direct cost.
Computation and evaluation of all manufacturing variances to probe inefficiencies in manufacturing process.
Preparation of various cost/benefit financial models for other functional departments of the company.
Achievement:
FGS Inventory reduction $ 1.12M, quarterly, by aligning customer’s demand with the production & supply planning.
Financial controlling and planning was the main objective of my position and I used to give direct support to the Director of Finance in assisting business profitability, cost effectiveness at every possible area of business, measuring the performance of financial activities, financial system audit and leading monthly closing process. Various duties include;
Analysis of periodic financial performance of functional departments of the hotel i.e. room division, food & beverage and health club.
Formulating and monitoring of master budget of the company as per uniform standards of the hotel industry.
To ensure all the policies are in compliance by conducting internal audit. Also auditing of accounts payable and receivable modules on monthly basis.
Financial modeling and computations for six sigma project for competitive and better process.
Preparation of bank reconciliation of all bank accounts of the company and to assist in finalizing of monthly accounts by ensuring proper allocation of expenses.
Formulate investment proposal for the placement of excess funds in various financial instruments through optimal fund analysis.
Balance sheet reconciliation and various ad-hoc projects and MIS reporting for Hotel’s directors and owning group.
Monthly in depth Variance analysis and to make presentation for the GM and Hotel’s directors.
Assist all departments with their queries to Finance.