Financial Planning & Analysis Manager

ABOUT THE ROLE
Red Bull Egypt is seeking a dynamic and strategic Financial Planning & Analysis Manager to lead our FP&A team providing critical insights and recommendations to the leadership team on strategic choices, budgets, forecasts, and both short- and long-term plans.
RESPONSIBILITIES
Areas that play to your strengths
All the responsibilities we'll trust you with:

• Financial Planning & Analysis
  
  • Prepare Master Budget for Red Bull Egypt.
  • Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses, and capital expenditures.
  • Oversee and manage the continued development of Budgeting, Financial Forecasting, Operating Plan and Modeling tools.
  • Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.
  • Pave the way for new investment proposals, through owning the preparation of new business cases, supporting the S&M teams with new launches through providing ROI financial modelling,..etc.
  • Calculate and report monthly P&L variance analysis and conduct monthly meetings with department heads to discuss variances and advise appropriate action to reduce budget gap.
  • Monitor performance indicators, highlight trends and analyze causes of unexpected variances.
  • Team up with the Supply Chain team leads to monitor the achievement of COGS targets and provide the correct analysis of COGS/custom clearance trends, risks and opportunities.
  • Calculate the customer & price mix impact on the total P&L.
  • Calculate/reports the major KPIs (Financial Sales, DSO), basic exposure rate, advanced exposure rate.
  • Prepare contingency plans.
  • Prepare reports on aggregated or on detailed level by GKA and LKA comparing the profitability YTD, comparing PY vs CY vs RE vs Year to Go.
  • Prepare the international exposure rate report.
  • Prepare and distribute a detailed monthly report including comments on brand, project (= internal order), account, and cost center level using SAP, BI and Hyperion for each budget owner and GM
  • Prepare and manage the cash flow statement.
  • Prepare transfer price calculation and propose the fair IC price.
  • Prepare long range plan (LRP) 3 years plan.
  • Prepare trade term impact simulations, challenges assumptions and profitability.
  • Work closely with the Key Account Managers on reducing the exposure between customers/products.
  • Benchmark the costs of marketing activities and their impact on the consumer and challenges where appropriate. Consider potential 3rd party sponsoring income and question assumptions.
  • Support the budget owners in budget reallocations and ensure overall budget adherence
  • Calculate the profitability of the new products after one year to compare the launch proposal's basic and advanced exposure rate.
• People Management
  
  • Manage the FP&A team in Egypt by setting challenging individual and team objectives, reviewing, and rewarding performance, providing timely feedback and support a climate for continuous improvement.
  • Build a team of highly engaged and motivated people.
  • Develop and regularly update the job descriptions for all accounting staff.
  • Ensure that sufficient resources are in place and each position is held by a person with the appropriate qualification.
  • Agree on annual objectives and link variable pay to the achievement levels.
  • Hold bi-annual performance reviews giving clear, honest and fair feedback.
  • Promote development and internal trainings to elevate knowledge levels within the team.
  • Assure that all key processes are documented in writing and that checklists are being used.

EXPERIENCE
Your areas of knowledge and expertise
that matter most for this role:

• Minimum of 8 years of relevant FP&A experience in a similar organization.
• Strong leadership skills/strong leadership track record.
• Capable of communicating precisely, effectively, and convincingly based on facts with internal and external stakeholders.
• SAP, Hyperion, HFM and BI knowledge is a plus.
• A structured and well-organized individual.
• Must be self-motivated, self-directed and be able to work under pressure in a fast-paced team environment.
• Fluency in English & Arabic (verbal and written)

• Travel 10-20%

JOIN THE TEAM