Financial Controller
Tamer Group
مجموع سنوات الخبرة :19 years, 3 أشهر
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* Plan, execute and lead the process of the 5 years business plan, annual business plan and monthly forecasts of the business unit with close involvement in the process.
* Provide accurate and timely financial reporting, conducting variance analysis to management and stakeholders.
* Monitoring the business unit expenditures, activities and performance to be in line with the budget and the strategic goals of the organization.
* Manage the capital budgeting and monitoring the capital expenditures to be in line with the budget.
* Deep dive and analysis on raw materials, finished goods and spare parts inventories and product costing to provide analysis and valid outcomes based on variance analysis vs budgeted costs and inventory levels.
* Proper management of DSO, DIO and DPO of the business to ensure optimum working capital management to maintain healthy cash conversion cycle.
* Business partnering with top management, sales and marketing to provide insights, linking financial reports to strategies and financial advices and opinions.
* Investigate and report opportunities as well as high risk and material financial issues, or problem areas, with the business.
* Maintain the financial health of the organization & corresponding with various other departments, discussing company plans and agreeing on future paths to be taken.
* Close interaction with IT for reports and processes automations and enhancements
* Develop the Annual Business Plan & Rolling forecast, carry out analysis & forecasting in order to enable the company to plan and forecast its operations and identify the requirements for financial & other resources.
* Ensure financial targets are being followed up & embedded in all plans by agreeing financial targets & ensuring decisions link with financial plans in order to deliver on the agreed plan.
* Direct & manage financial programs (e.g. brand profitability, customer profitability) & supporting information systems.
* Ensure that all concerned reports of Finance are prepared timely and accurately.
* Direct Communication with Regional, Sector and Group Finance Offices on monthly reporting of financials, strategic planning, budgeting, forecasting, auditing (external and internal) and various ad-hoc assignments.
* Developing long term plans for the division as per organizational vision and strategy.
* Interaction with the sales & marketing team, business management, distributors and other finance accounting groups to provide value-added financial consultancy service to the management team.
* Acting as a key member for various planning and reporting systems, developed and maintained management reports including process improvement initiatives.
* Ensure effective Cash Flow Management by maximum utilization of the cash cycle.
* Developing and implementing balanced score card for the company & various management reports to analyze business performance.
* Ensure accuracy, usefulness and understanding of all KPI’s which included working closely with factory management to help them understand and have positive impact on their performance.
* Measure actual performance to target and work with management team to prepare an action plan to address any under-performance.
* Organize and supervise the day-to-day operations of Costing to ensure that work processes are implemented as designed and comply with established policies, processes and procedures.
* Carries out month end inventory closure and reconciliation, to validate the figure in the account with the physical inventory with the generation of costing report reflecting cost of goods manufactured and cost of goods sold.
* Automated the Costing system from manual to enhanced automated OPM system, with continuous review of the system processes and identifying improvements.
* Issuance of monthly product cost variance (materials, resources and overheads) reports in comparison to plan and ensure the corrective actions are taken.
* Arrange for the yearly physical stock taking by preparing the schedule according to audit requirements to meet Saudi Accounting standards.
* Supervise the preparation of timely and accurate reports of margin report, BSC, products financials & customer’s financials to meet Savola and department requirements, policies and standards.
* Automated the CAPEX system from manual to fully automated system, with close monitor over the projects progression, budget control and providing extensive support and ideas to management.
* Assisting the management with useful analysis and reports for better business decision making.
* Capital expenditure - control of CAPEX applications, validation of costs and benefits, manage subsequent spend, post implementation review.
* Monitoring and ensuring compliance to the Risk Management Policy & Preparing and checking risk management reports including comprehensive real time information of risk & exposure for top Management.
* Controlling all KPIs relating to Raw Sugar Purchasing, Risk Management & Decision Supports for Balance Scorecard.
* Analyzing the Hedge accounts as per customer requirements to monitor Hedge activities for better decision making.
* Checking and supervising Hedging activities through difference sources of validations including Guide to Buyer and Suppliers invoices to avoid Hedge operation risk.
* Assisting auditors in conducting their audit for statuary requirements as per Savola standard.
*Managing efficiently and effectively periodic raw sugar cost control to ensure minimum budget variances & cost leadership drive enforcement.
* Preparing and updating the cost of raw sugar on weight average cost basis.
* Obtained Excellent Skills in Futures Desk Trades and orders executions through contacting our Brokers in United Kingdom, London with Tate and Lyle Futures Desk offices & Open Outcry Brokers in New York Board of Trade (NYBOT).
* Analysis and reading all market reports and indicators of the sugar international markets fundamentally and technically
* Developing a well-done strategy based on the analysis and market view.
* Executing the futures trading orders in the market in the most possible & efficient way according to over-achieve the standard KPIs.
* Preparation of after-trading reports to summarize the transactions and actions taken in the market, and to provide the performance results VS the standard KPI.
* Contacting Upper Managements for recommendations and approvals over new orders to be placed in the market with value added to the company.
* Worked for Part time Job in Aziziya Panda for 10 Months while studying Bachelor Degree in King Abdul Aziz University.
* Obtained Very Good Skills in Costumer Services & Communications.
* Expanded knowledge and experience, serving customers with caring, speed and accuracy.
* Summer Trainee during Secondary school for 3 months.
* Data entry & Office assistance for sales department.
* Assisting the management in filing, customer service, and adhoch.
