Senior Finance Analyst
Crystal House General Trading
Total years of experience :17 years, 8 Months
Making sure the daily sales report, cash flow report & bank account balances have been sent every accurately every day.
Responsible for compiling a rolling 12-month forecast at the department level every two weeks. Have worked with each department controller in assembling/updating the report and then consolidating the report into an executive summary for presentation during a meeting with the business units.
Keeping a track on marketing expenditure, and variance analysis versus budget.
Listing on a monthly basis the best and worse selling items and also analyzing the slow moving items within all business units (crystals, fabrics, cosmetics, food)
Every month, a detailed sales trend report was sent by me to all function heads, along with their respective profit & loss statements and expense dashboards.
Develop/maintain templates for each subsidiary /business to ensure consistency across companies for annual budgeting process.
Have completed a successful break even analysis for all fashion brands. This helped in providing targets for the production, warehouse and design teams.
In addition with the routine daily, weekly and monthly task, I have worked on annual employee bonus structures with assistance from my team.
Determine cost of operations by establishing standard costs; collecting operational data.
Identify financial status by comparing and analyzing actual results with plans and forecasts.
Guide cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
Improve financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management.
Reconcile transactions by comparing and correcting data.
Maintain database by entering, verifying, and backing up data.
Recommend actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.
Increases productivity by developing automated accounting applications; coordinating information requirements.
Protect operations by keeping financial information confidential.
Maintain technical knowledge by attending educational workshops; reviewing publications.
Contribute to team effort by accomplishing related results as needed.
Analyzed performance of 10 markets and over 60 stores.
Model & provide previous, current & forecasted financial information to assist &
enable Brand Operations & Support Function Management to review performance& build business plans that optimize trading patterns.
Review budget against actual trading performance every period.
Ensure timely & accurate production of standard & customized financial reports for the Business.
Undertake focused analysis on Capex/investment performance, brand, store & country
profitability & ongoing costs reviews.
Made sure staff headcounts and salary bandings were in line on monthly basis.
Improve financial status of company by analyzing results and variances, identify trends and recommending actions.
Maintaining the parts database with accurate cost and descriptions.
Editing and proofreading of client contracts.
Review and coordination of vendor agreements.
Increase productivity by developing automated applications, eliminating duplications, and coordinating information requirements.
Management of vendor meeting schedules and tracking of deliverables.
Updating and analyzing financial models.
Provide information to management by assembling and summarizing data, preparing reports, making presentations of findings & analysis, and making recommendations.
Responsible for the budgeting, costing, cost analysis of the Middle
East Regions (12 countries) of HRD.
Analyze financial information to produce forecasts of business
Assigned to maintain the Key financial reports for HRD around Middle East.
Preparation of KFR Reports. Evaluate and compare the relative budgets of various countries over a given time period.
Preparing the appropriate templates to prepare the budget by all concerned departments.
Comply with the approved policy of budgeting regarding the deadlines and the management of the budgeting process Receiving the budget estimates from all the departments of the organization and critically examines them for correctness, accuracy and completeness; and conformance with established procedures, regulations, and organizational objectives
Studying the previous budget and also taking into consideration the benefits and losses occurred during the previous financial years, due to budget planning.
Suggesting suitable amendments in the budget to the higher authorities and managerial staff of the concerned department
Consolidating the data for budget presentation and also providing an overview of the financial status of all the operations.
Rendering financial advice to the management officials of different operations, to undertake proper financial planning and decision making.
Analyzing actual results to budgets and forecasts.
Submitting budget reports to the higher management of the organization for further scrutiny and approval in accordance with the approved policy.
Monitoring the budget throughout the year.
Preparing detailed reports pertaining to discrepancies and amendments that occurred in the budget, during the entire financial year also forms an important part of budget analyst job description. This is however done in coordination with the concerned managers of the department or the company.
Assisting in projecting future financial needs, taking into considerations the various projects undertaken by the organizations and also help the higher officials in management of financial resources.
As an additional part of their job description, budget analysts sometimes are also responsible for cost benefit analysis, studying financial requests and also researching on alternative and reasonable funding methods for the organization.
Preparing business plan for five years and making the necessary update of the plan according to any material changes in the business or the regulations which may affect forecasts.
Budgets and Analysis Manager shall also be responsible for financial analysis in areas like Sales, Margin, Inventory, Store space, etc on periodical basis and prepare the analytical reports for Management action.
Ensure that accurate job descriptions are in place
Provide advice and assistance with writing job descriptions
Provide advice and assistance when conducting staff performance evaluations
Identify training and development opportunities
Organize staff training sessions, workshops and activities
Process employee requests for outside training while complying with polices and
procedures
Provide basic counseling to staff who have performance related obstacles
Provide advice and assistance in developing human resource plans
Provide staff orientations
Access funding for training and write proposals