Financial Planning Analyst
Unikai Foods PJSC
مجموع سنوات الخبرة :8 years, 6 أشهر
Planning, Budgeting & Forecasting - Ensuring departments budget proposal are complete accuracy and are aligned with organization's policy; Analyzing the proposed budget Vs historical trend after incorporating company's strategy; Effectively monitoring and management of company's performance against the approved budget and business plans and challenging the deviations.
Analysis - Providing detail multi dimensional analytical reports for sound business decision and growth, such as Channel/Category/Segment/Route/Production line/Customer wise profitability analysis with key drivers of past performance;
Profit optimization - Providing inside input for improvement through profitability analysis; critical evaluation of marketing campaign, high contribution margin based product mix promotional activities, selling prices, product placements, rebates and support for the required off takes.
Reporting - Working closely within the department to streamline internal monthly and quarterly financial reports and quarterly audit reviews. Ensuring accuracy and timeliness of information processed from subsystems. Update subsystem information into the G/L on a regular basis. Ensuring inventory valuation and cycle count are properly conducted. Reviewing journal entries (Accruals & Prepayments) and post at month end. Ensuring all backup for invoicing, payables and payroll are reviewed prior to payment processing.
Transfer Pricing
VAT/Excise
Managed accounts & finance functions, developing & implementing accounting & internal controls procedures. Handling receivables, payables, reconciliations, inventory transactions. Ensuring accuracy of financial & MIS reports
Analyzed revenue & expenditures trends and planning cost effective budgets, supervising finance team, monitoring cash flows & fund management for effective utilization of resources
• Preparation of financial statements for internal & external use;
• Preparation of MIS reports - providing thorough analysis to top management on the financial performance, fund management, credit control, profitability and budgeted targets;
• Preparing cash flow statement & forecasting cash flows;
• Formulation of budgets as well as conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions;
• Maintaining Fixed Asset Register & other schedules;
• Scrutinizing & monitoring general ledger, debtors ledger and vendors ledger;
• Reconciliation of accounts - debtors, creditors, intercompany accounts & other ledgers;
• Dealing with import LC and preparation of cost sheet for imports of store;
• Preparing and reviewing monthly stock valuation;
• Reviewing internal control policies & their implementation;
• Planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor;
• Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost;
• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs;
• Making estimates of new and proposed product costs;
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Recording cost information for use in controlling expenditures;
•Preparing & presenting financial statements on a monthly basis;
•Monitoring budgeted verses actual results & analysis the variance on weekly basis;
•Actual cash flow statement & forecasting cash flows on a weekly basis;
•Working capital Management & fund management on a daily basis;
•Preparing various reconciliations like bank reconciliation, inter company reconciliations, receivable reconciliation, payable reconciliation on as required basis, holding & controlling all payable & receivable accounts;
•Accounting of various expenses, income, receipt payment in QuickBooks;
•Credit controlling for customers account & follow ups;
•Key accounting Management;
•Liaising up with clients & vendors as required;
•Due diligence (for potential merger & acquisition) quite often.
•Contributions/Achievement:
-Managed the working capital effectively and improve the receivable collection period.
-Independently managed financials of 14 entities of clients.
• To ensure each & everything is recorded with accuracy & on timely manner;
• Cost/benefit analysis for individual cases;
• Supervision of supply management for pharmacy;
• Payroll calculation & disbursement;
• Negotiating and corresponding with the bank processes;
• Maintaining doctor’s contract;
• Review of internal controls and reporting the discrepancies identified with recommendation;
• Contributions/Achievement:
- Introduced accounting system & streamline the recording process thus easing the work load
- Supervised the pharmacy supply management
• Assisted in preparing & consolidation of financial statements according to International Financial Reporting Standard (IFRS);
• Preparing statement of profits for internal matters for senior management for ad hoc issues;
• Actively participated in the annual budgeting processes;
• Monitoring budgeted verses actual results & analysis the variance on monthly basis;
• Liaising up with internal auditor over the discrepancies identified & working therein to get them resolved;
• Dealt with external auditor over agreed upon procedure & statutory audit;
• Preparing Monthly Collection Report & Daily Collection Report;
• Preparing Bank reconciliation report;
• Maintaining cashbook & petty cashbook;
• Preparing vouchers for expenses & getting them approved by relevant authorities;
I am CFA level 2 Candidate. - Economics - Quantitative Methods - Financial statement Analysis - Corporate Finance - Equity Investment - Derivative - Fixed Income - Alternative Investment
ACCA Affiliate - Corporate Reporting - Financial Management - Auditing & Assurance - Performance Management - Corporate & Business Law - Financial Accounting - Managerial Accounting - Business Analysis