Manager – Planning, Reporting, and Operational Finanace
Panda Retail Company - Saudi Arabia
Total years of experience :17 years, 10 Months
• Heading the internal reporting team and making sure that critical information is available to decision makers accurately and timely. In addition, preparing new reports which provide insight into the business.
• Acting as part of the link between the Group and the Company and providing the group with the relevant information as requested.
• Acting as business partner for the operations department.
• Part of the planning and budgeting team.
• Creating executive summaries for the Business Leadership Team.
• Preparing Budget and performance management model for Domino’s KSA.
• Preparing Forecasts for KSA and the markets during the year to assess the direction of the markets so that timely corrective actions can be taken.
• Developing, Designing, Preparing and Circulating Management Reports for KSA and all the markets for the Leadership team and preparing Board Presentations.
• Liaising with Domino’s Pizza International and the teams in Egypt, Lebanon, Jordan, Bahrain, Qatar and other sub-franchisees.
• Developing new reports that give the management a better look into the business and reduce the time of preparation.
• Preparing and circulating reports for weekly sales and KPIs.
• Analyzing feasibility of offers and viewing impact of offers pre, during and post.
• Developing and implementing stores analysis reports for the KSA and the markets.
Formulating Policies, Procedures and Internal controls for finance department
Interacting with the steering committee members, attending steering committee meetings and involved in formulating strategic initiatives for the company
Financial and Non-Financial analysis of performance for strategic and operational decision making, budgeting, rolling forecast, feasibility studies, cash flow planning
Liquidity management. Ensuring that all strategic & operational finance needs are met. Bank loans, rollovers, LC, BG, Payment & cash logistics for the company
Payroll management of contracted and out sourced staff
External Audit, quarterly reviews, internal audit and implementing audit recommendations.
Implemented risk based internal control to ensure that the controls are present and the processes are lean, constantly reviewed for improvements
External audit, quarterly reviews, internal audit, implement audit recommendations
Strategic initiatives /Projects; CEO’s thinking partner in range of financial, non-financial, manpower, performance management, process improvement.
Ensuring financial statements are IFRS compliant, and preparing management accounts
Coordinating with banks, clients and suppliers
ERP Implementation:
I was part of the team implementation the Oracle based ERP. I was involved in designing the requirements for the MIS reports generated in finance, re-designing the chart of accounts in consultation with the business leadership team and the Oracle consultants, partnering in change management and the testing that the ERP was delivering the correct results.
Planning and Feasibility Analysis:
Planning and financially appraising the new store sites. The process includes making Capital Investment Appraisal and appraising the opportunity using NPV, IRR, ROI, Cash Payback period and Sensitivity Analysis.
Forecasting:
Preparing group forecasts at the end of each quarter for the upcoming twelve months with the Financial controller. I make the Consolidated Financial Statement for the upcoming twelve months for all companies operating under Azizia Panda United flag.
Budgeting:
Preparing and assist in budgeting, both Retail and Non Retail sections. I prepare budget forecasts for non retail of the next year, meet with business leadership team to discuss the strategy, meet with respective directors, discuss the budget forecasts and finalize the numbers with directors keeping in view the long term company goals and strategies. Further, my responsibility includes preparing the executive summaries for the business leadership team and finalizing the budget and uploading in the Oracle system.
Benchmarking:
Performing internal and external benchmarking. For external benchmarking, I financially benchmark our operations against our competitors. For internal benchmarking, I benchmarked stores against one another to gauge their performance.
Reporting Model:
Excel based Reporting Model using Oracle data capable of making profit and loss in different formats and drilling down within any head up to account and sub account level, The model can analyze data by companies, departments, locations, cost centers, projects, regions, formats, VPs, zones, cost center directors, regional directors, functions and many others. The Model contains data for the current and previous years by month, previous five years totals and monthly budget for the current year. The model is also capable of showing month to date and year to date data. Being in Excel, the model is very robust and flexible and forms the backbone for all financial reporting.
Management Reporting :
Responsible for preparing management reports like, Management Accounts, Management Accounts Presentation, Stock Analysis for stores and departments, Sales and KPI analysis, Industry specific KPIs like Sales Intensities and basket size, Cost Center Reviews, Dashboards, Monthly Flash Reports, Loaded Profit and Loss among other regular and Ad hoc reports and presentation. During my stay, I have built many new financial models including Cost Center Reviews with dashboards and Loaded Profit and Loss which allocates centralized costs using allocation and ABC costing, automated existing models and reduced the required man hours in all reports that were published.
Current Personal Initiatives at Azizia Panda United :
Currently I am working on updating Financial Model, Partially automating Management Account, Creating a new report merging Stock and Aged Stock Analysis with more insights, fine tweaking Loaded Profit and Loss and preparing a Macro based file to automate department’s repetitive tasks.
- Supervising and leading single or multiple teams, reviewing their work and evaluating their performance,
- Reporting to senior managers or the partner directly,
- Planning and allocating resources to meet objectives of audits and assurance engagements,
- Reviewing and auditing financial information for external stakeholders,
- Assisting and supporting clients in meeting their regulatory and contractual requirements,
- Advising and recommending clients on the best practices in finance and operations, and
- Communicating with clients to accomplish tasks effectively and efficiently
Level 1 complete. Result awaited for Level 2.