Budgeting & Financial Analysis Section Head

Main Duties:

• Preparing price, quantity and Mix variance reports on monthly basis.
• Preparing Profitability report per SKU on monthly basis, YTD.
• New Products Development
• Work closely with R&D team in preparing financial proposal for new products rolling out projects, financial proposal used by top management to justify the acceptance or the decline of the new product rolling out.
• Providing advises to management related to NPD’s based on gross margin percentage.
• Annual budget preparation and analysis.
• Monitoring and controlling all operating against the budget.
• Updating & controlling bill of material for each product.
• Preparing Purchasing plan by category & by Factory
• Preparing Cash flow for Raw and pack materials.
• Preparing comparison report between procurement purchasing plan and Forecasted consumption.
• Budgeting, Planning, Forecasting, and preparing the pro-forma financial statements, and ensuring the coordination and alignment of departmental budgets.
• Preparing the Variance Analysis by comparing the actual performance versus budgeting one (Yearly, Quarterly and Monthly), and figuring out the trend along the year and compared with past years.
• Reviewing accounting documents to ensure accuracy of information and calculations and makes or directs correcting entries.
• Preparing the three and five years’ business plans.
• Preparing the feasibility study for new products.
• Preparing monthly P&L by markets & by product.
• Controlling & monitoring the operating expenses & Capital expenditure Capital expenditure to reduce variances against budget
• New Products Development:
• Work closely with marketing team in preparing financial proposal for new products rolling out projects, financial proposal used by top management to justify the acceptance or the decline of the new product rolling out.
• Providing advises to management related to NPD’s based on gross margin percentage.
• Calculate consumer promotion cost; analyze the effect of this promotion on business unit gross margin.
• Preparing monthly presentation for the CFO.
• Responsible for building standard cost and analyzing monthly related variances.
• Analyze the productivity, capacity, utilities, slow moving spare parts, scrap and reproduced.
• Analyzing changes in product design, raw materials, manufacturing methods, to determine effects on cost