Saudi Snack Foods Co Ltd
Total years of experience :19 years, 1 Months
SSFL) is a multinational FMCG Co. and subsidiary of PepsiCo (USA). Its head office is in Riyadh and dealing in production and sales & distribution of snacks (Lays, Cheetos, Doritos, etc.) in Saudi, Middle East, Asia and Africa.
GCC Foods BU Asst controller Ops and Marketing
reporting to CFO of the company.
Responsibilities include:
•Monitoring of all the day today transactions of the company and ensure proper internal controls and procedures.
•Ensure monthly closing of the books of accounts and reporting to the executive council as well as the Henkel Germany with all financial analysis with in 3 working days from the end of a month.
•Reporting to Henkel Germany using SAP tool; reports includes E6/E7, WC and Debtors report.
•Analysing the project wise profitability and reporting to the management about the actuals and forecast.
•Preparation of monthly financial statements including analysis of various GL accounts.
•Ensure the proper revenue recognition and accounting.
•Prepare monthly variance analysis (Actual Vs Budgeted income) and report to management timely to make necessary actions.
•Key participation in the implementation of ERP system
Audit and advisory
Job description
•Conducting the audit in accordance with International Financial Reporting Standard (IFRS) and International Auditing Standards (IAS).
•Finalisation of audit, preparation and review of financial statements and its disclosures.
•Advising and implementing the entity level controls.
•Formulate budgets in tune with organizational objectives and profitability norms. Variance analysis to determine variation between actual and budgeted expenditure and taking corrective actions
Private bank, Chennai
AREAS OF EXPERTISE
Budgeting/MIS
•Experience in implementing ‘Business Intelligence’ and DAPLR (Detailed Allocated P&L report).
•Analysing MIS reports to provide feedback to the management on financial performance through fund management & profitability.
Risk Management Assignments
•Responsible for identifying, reviewing and updating the mitigating controls for Routine or Non Routine Risks identified in Ops, Marketing and Finance function by conducting the control workshop and risk assessment sessions.
•Played a key role in the Financial Management engagement of Coca-Cola Middle East. Keenly involved in performing the analysis of inventory and its yield and reporting to the management.
Briefly the work involved the following processes:
•Desk review of the Statement of functions of the bottlers
•Review of finished goods reporting of the bottlers
•Evaluating the variance in yield and reporting the reason for variance
This assignment was carried out by employing KPMG methodology. Having gained expert knowledge of the same enables me to appreciate the finer points of other related Methodologies and further assist in their customization to the business needs.
Statutory Compliances/ Taxation
•Ensuring timely filing of direct, indirect taxes & returns based on the mandatory enactments.
•Interfacing with authorities like Income Tax, Central Excise and Sales tax for compliance of statutory reforms.
•Responsible for developing & maintaining up to date company policies & procedures covering finance & administration areas.
Finance & Accounts
•Presenting & reporting accurate & timely historical financial information of the company.
•Identifying & reporting the areas of efficiency of the company & the ways in which the company can capitalize this information.
•Submission of periodical statements & timely completion of audits.
•Managing the entire accounting functions for presenting a true & fair view of the year-ending financial statements.
Auditing
•Handled Statutory audits for Private & Public Ltd. Companies, Banks and Government organisations.
•Ensuring full compliance with all Board & external statutory financial accounting requirements, record keeping & reporting the auditing functions.
Persuing CIMA
Fellow chartered accountant with more than 10 years experience in Finance, accounting, budgeting, MIS, Audit and Taxation
Master in commerce
BCOM