Responsibilities:
Sets the standards and performance measures (KPI) s of Budget & Costing section in line with the company’s strategic direction.
Submits to the Finance Director to review and approve. Cascade it down to his direct reports monitors their timely implementation, and ensures achievement of their objectives.
Preparation of the annual budget of the company.
Following the revenues, COGS and expenses against the agreed upon budget.
Reporting and taking the required action against any deviation.
Periodically comparison of actual against standard product cost.
Building a solid clear system for each product costing.
Calculating and Following all licensors dues
Prepares and submits the monthly operational expenses to be allocated to indirect COGS.
Generates management, and statistical reports for the top management to help them in the decision making process.
Liaises with the external auditor while ensuring the implementation of their management observations in due time and with the level of efficiency required.
Preparation of medium and long term forecasts for the standalone or consolidated entity.
Act as a local financial controlling to deliver accurate monthly accounting close and balance sheet integrity through close monitoring and analysis of accounts.
Compile monthly reporting packages to support business reviews.
Review monthly closing procedures and accrual bookings for accuracy (Pre-Close, During Close and PostClose)
Conduct and present a detailed financial analysis of the different financial cycles (i.e. sales, leasing, working capital, loans …,etc) to the VPs./CEO and ensure that any actions driven by the findings take place.
Advise on projects funding and establish control mechanism of cash flow. Lead coordination with Treasury on the management and operation of projects financing.
Lead the development of the annual budget, including the P&L, balance sheet, and 5 Years strategic plan.
Prepare rolling forecasts for projects, incorporating new information and adjustments as needed.
Develop cash flow forecasts for the entire project, reflecting surpluses or funding needs based on the development plan.
Co-pilot the Financial strategic direction of the business through monthly review and variance reporting and improvement initiatives.
Monitor the economy across the region with a focus on Egypt retail, and commercial properties and advise the portfolio heads on updates, risks and opportunities.
Develop reports and schedules as required for external and internal purposes to ensure that any business decision is backed up with the right financial data.
Implement and maintain budgetary controls over operating expenses and capital expenditures.
Primary interface between Business Teams, Local Finance team, Group Finance, Internal and External Audit, and internal management in managing finance operations and financial reporting.
Lead the finance improvement projects, particularly in relation to reporting automation, system implementation and process improvements.