May 2013 - Present
Oct 2011 - Apr 2013
Head of Projects Finance/ Deputy Head of Commercial Managers E T Division
Siemens Technologies S.A.E
- Manage and coordinate the Division’s annual forecasting and budget process. - Provides and interprets financial information and analyzes revenue and expenditure variances relative to the adopted budget. - Prepares monthly management reports and quarterly financial reports including recommendations and financial impact assessment regarding business performance. - Prepares presentations for senior management and interpret analysis. - Monitors and interprets cash flows and predicting future trends, analyzing changes and providing needed advice. - Evaluates and formulates recommendations for enhancing the Division’s financial plan. - Formulates strategic and long term business plan. - Manage and maximize the capital expenditure improvement plan for consistency with the annual capital budget. - Develop appropriate financial management mechanisms to minimize financial risks. - Manage the Division’s financial accounting and reporting. - Liaise with external auditors and group audit to ensure annual monitoring is carried out successfully. - Leading, supervises and provides needed assistance to the financial team. - Discuss analysis/results for Business unit. - Contract negotiations & offer Approvals. - Controlling balance sheet items. - Ensure that the company regulations are followed. - Asset Management & monitoring Division receivables. - Controlling of hedging activities through ERP tools. - Directing the commercial team responsible for the projects. - ERP Systems + SAP Modules (Spiridon edition applied for Siemens). - Secure the application of the requirements of US-GAAP (on-going calculation, POC entries, and accruals). fulfillments in order to reliable predict and safeguard the course of business. - Insurance of the correctness for financial system entries and reports. - Secure reaching of the planned figures (order income, Turnover, EBIT and EBIT-assets) according to the Business Target Agreements.
Oct 2010 - Oct 2011
Commercial Project Manager
Siemens Technologies S.A.E.
- Commercial order processing for projects, for example: suppliers / subcontractors orders and follow up. - Project expense processing - site office preparation and administration (supporting the site manager). - Site cash box management and controlling (if applicable) -Attend weekly meetings during the project implementation - L/G follow up. - Sales invoices. - Establishment and follow up of social insurance file. - Receivables collection - Interface to the customer for commercial issues - Project accounting and controlling. - Reviewing tenders and offers. - Contract administrator (Negotiating with customers and suppliers in all commercial aspect). -Indication of downside-potential/ upside-potential to take necessary measures. - Secure efficient claim-management against suppliers, subcontractors, customer (if possible) and insurance company. - Assessment of special influence in the course of business to be able to make measures to reduce risk (risk management). - Budget planning in cooperation with technical sales. - Revises contractual conditions with different clients (private/ public Sector). - Establishing purchase contracts with different suppliers/subcontractors (Service/material purchases). - Revises contract conditions concerning L/G and L/C, deliveries and contingency procedures. - Responsible for contractual payment out of L/C and against check with client. - Responsible for suppliers/subcontractors certified payments. - Responsible for the cost analysis of the POC (percentage of completion) projects.
Oct 2009 - Sep 2010
Siemens Technologies S.A.E.
- Project cost controlling and commercial aspects during project implementation. - Customer invoicing in accordance with contract conditions and monitoring collections. - Asset management and the optimization of cash flows. - Calculation for percentage of completion (POC) per project according to the requirement of US-GAAP. - Controlling deviation from budget. - Project Cash flow plan & controlling the deviation. - Preparing forecast for turnover and cost. - Defining and update project structure over SAP (Software) - Controlling logistics operation for the projects - Reporting the overall project status report - Controlling all deliveries & Logistics for projects - Reporting & Controlling all project risks - Prepare & controlling all provisions and accruals for the projects.