Finance Lead (financial and cost accounting)
Itinera S.p.A Saudi ARabia Branch
Total years of experience :15 years, 8 Months
Working on SAP ERP Financial & Controlling Module (FICO), Reporting to Group CFO, Performing following task in SAP ERP
• Responsible for planning and executing monthly reviews, drafting reports for senior management identifying risk and suggesting recommendations and ensuring compliance with Standard Operating Procedures.
• Collecting, interpreting and reviewing financial information
• Predicting future financial trends
• Reporting to management and stakeholders, and providing advice how the company and future business decisions might be impacted
• Producing financial reports related to budgets, account payables, account receivables, expenses etc.
• Developing long-term business plans based on these reports
• Reviewing, monitoring and managing budgets
• Developing strategies that work to minimize financial risk
• Analyzing market trends and competitors
• controlling income, cash flow and expenditure
• Highlight all other significant financial matters which are essential to the management and stakeholders
• Coordinates with internal and external auditors at year-end audit or as required
• Responsible for budgeting process, planning, coordination and close liaison across the company Validation, review and consolidation of budget information
• Preparation & distribution of monthly reports to internal & external stakeholders
• Preparation of analytical schedules of General Ledger accounts and cost centers, needed for the preparation of financial statements
• Performs and monitors period-end closing in FI & CO areas in SAP
• Preparing Financial statements monthly and annually and financial analyses
• Maintains master data in Controlling such as cost centers, business processes, and statistical key figures
• Maintaining and supervising Profit Center Accounting, Cost Center Accounting, Product Cost Planning, Cost Object Controlling, Actual Costing/Material Ledger
• Develop annual/Monthly standard cost updates, including the design of overhead allocation methodology to allocate support cost to products
• Analyze production orders and after month end closing Analyzing & finalizing cost of sales & cost of goods manufactured report and investigating variances and preparing presentations for BOD & management meeting
• Provide detailed analysis for manufacturing variances
• Provides support and validation for completion of annual budget
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Gathered extensive experience in audit and assurance, business advisory services, and special assignments rendered to various national, multinational, public and private companies engaged in different industries. This comprised of analysis and review of financial and non-financial information and reporting thereon both in individual capacity, as a team leader, and as a team member.
• Assessment of efficiency and effectiveness of clients’ internal controls, introducing best practices, giving suggestions to improve their quality and value-added services (including governance and enterprise risk issues).
• Ensuring financial statements/reports are prepared in accordance with the International Accounting Standards/International Financial Reporting Standards, local laws and regulations, professional rules, practices, CGAP Audit Guidelines etc., wherever applicable.
• Experience includes preparation of forecasted financial position, financial performance, cash flows, PEST and SWOT analysis.
Masters In Commerce
CPA Certified Public Accountant