Overview
Work History
Education
Skills
Timeline
Generic

Amany Farag

Panania,NSW

Overview

23
23
years of professional experience

Work History

Senior Financial Analyst

Qantas Airways
11.2022 - Current
  • Enabled informed decision-making by presenting key findings from complex data sets in clear, concise formats for senior leadership team members in both the Offshore airports & Freight Businesses
  • Improved the Offshore Airports forecasting accuracy from ~70% to ~90% by adopting streamlined financial analysis & reporting processes that were then translated into a cost drivers based forecast model
  • Collaborated with cross-functional teams to drive process improvements and increase operational efficiency (eliminated 70% of US reclassification non-value add activity)
  • Delivered complete Offshore Airports EBIT results by mid-day workday 3 (unprecedented for this BU)


Senior Financial Analyst

Qantas Airways
05.2018 - 11.2022
  • Delivered insightful, accurate and timely monthly, reporting, analysis, budgeting and forecasting activities for both Technology Business As usual (BAU) as well as the projects portfolio
  • High quality partnering with both financial and operational business unit leads via scenario modelling, analysis and best practice advice including stakeholder management
  • Developed automated Excel based solutions to replace data entry procedures thereby enabling Business Unit (BU) EBIT results to become available before accounting systems close (previously a task labelled "impossible")
  • Significant pro-active contribution to improved business unit results via flagging genuine cost saving opportunities and timely accruals management
  • Remarkable change to the BU's accounting compliance in multiple areas such as balance sheet reconciliations, P&L provisions detail and audit compliant support
  • Reviewed, highlighted and addressed any potential tax/consolidation/reporting/accounting issues resulting from business decisions or operational practices
  • Lead finance contact on intangible assets CLOUD IFRIC compliance liaising with multiple stakeholders from business heads of to projects managers and group reporting as well as the finance business partners and the Fixed assets team. Contributing not just finance expertise but also nature, content and context of the transaction(s) at hand

Senior Financial Analyst

Qantas Airways
10.2015 - 05.2018
  • Developed processes and procedures supported by Excel automation that enabled detailed reporting of the Technology projects profile where previously only summary reporting was available
  • Delivered unprecedented project spend reporting, prioritisation and potential risk that has enabled the business to focus their efforts where needed
  • Developed Intangible amortisation forecasting model based on current year approved capital expenditure; hence eliminating the overstated amortisation expense forecast and resulting monthly variance to forecast caused by the previous method of using original allocated capital budget
  • Created audit compliant Intangible work in progress capitalisation to Fixed asset register documents that were also used by relevant financial controllers to review and approve capitalisation
  • Constructed, fine tuned and streamlined the first Intangible Amortisation P&L left Hand Notes (LHN) for Qantas Airways, Freight & Corporate segments; this in contrast with PPE depreciation still not having equivalent analysis due to the task being deemed "impossible"
  • Instigated Intangible work in progress asset account reconciliation for the ~$150m of assets at the time where one did not exist and was an outstanding audit compliance note. Reconciling items in excess of $10m were cleared and the reconciliation process became operational and handed back to clerical level staff in 3 months
  • Lead the significant and challenging task of clearing the Intangible work in progress balances to Fixed Assets register; including reporting to Technology head of and business partners , compliance oversight and stakeholder management

Senior Financial Analyst

Qantas Airways
08.2013 - 09.2014
  • Reviewed the accounting and time line of the 41 Aircraft operating variables journal entries that were posted between WD+1 to WD+3 with low accuracy due to short time frame. Accrual estimate models were created with 95% accuracy rate & < $0.2m variances; enabling ~30 of the 41 journals to be posted week 2 to 3 of the month
  • Analysed and identified potential cost saving areas that were presented and highlighted to the business to be acted upon with complete end to end financial analysis and modelling support
  • Monthly, quarterly, half yearly and yearly deliverables completed timely to the highest quality standard and with seamless stakeholder engagement and management


Senior Financial Analyst Regional Airlines

Qantas Airways
06.2012 - 07.2013
  • Primary finance contact for the Regionals chief pilot; responsible for Flight Operations business case development, submission and benefits tracking as well as reporting and analysis
  • Identifying and proactively managing cost saving and revenue maximising initiatives and exploring their viability
  • Heavily involved in all facets of finance activities in the flight operations business unit


Senior Financial Analyst Office of CFO

Qantas Airways
04.2011 - 05.2012
  • Constructed the Qantas Airways CFO report making remarkable changes to processes of compiling the report thereby enabling the efforts to shift from the non-value add tasks of copying and pasting data into the report to very highly valued trend analysis; group unit cost sensitivities,revenue growth and investment opportunities
  • Collaborating directly with the Qantas Airways DCFO on a daily basis has provide a unique skills in succinct results analysis, communication and presentation to all levels of the organisation whether of a financial or non-financial background

Financial Analyst Q Futures

Qantas Airways
02.2010 - 03.2011
  • Mastered the skills of business case development, review, submission and benefits tracking
  • Active and highly skilled part of a team of analysts who received all of Qantas Airways business case submissions, reviewed for accuracy, inclusions/exclusions, sensitivities (eg. operational, foreign exchange, supplier monopolies...etc) and viability and awarded a recommended priority rating to be submitted to the pool
  • Forged the accounting, reporting, control framework and tracking of the first generation of airport self service kiosks

Financial Analyst Customer Product & Services

Qantas Airways
03.2007 - 04.2009
  • Presented a consolidated view of the Customer product and services portfolio to multiple stakeholders such as Qantas Airways consolidation team and Head of Customer Product and services
  • Skillfully absorbed the fine art of identifying from multiple sources with different formats and content key data impacting the financial and non-financial results (eg. on time performance)

Financial Officer - Inter Company

Qantas Holidays
01.2005 - 02.2007
  • Expert skills in communication, elimination on consolidation as well as practical application of expense and revenue recognition triggers.
  • Highly developed skills in communicating with staff of all levels from higher management to clerks
  • Implemented process streamlining that saw the handing over of this role to lower level of pay employee and as 0.3 FTE in place of 1FTE equivalent to 70% efficiency improvement


Reconciliations Officer - Qantas Holidays

Qantas Holidays
01.2003 - 01.2004
  • Quickly learned new skills and applied them to daily tasks, improving efficiency and productivity
  • Carried out day-day-day duties accurately and efficiently
  • Demonstrated respect, friendliness and willingness to help wherever needed
  • Significantly improved the ageing of reconciling items and developed controls to prevent them occurring in the first instance

Junior Accountant

Gabriel & Partners
10.2001 - 11.2002
  • Assisted with preparation of small business & individual tax returns as well as Financial statements
  • Prepared journal entries and entered into system using MYOB
  • Assisted with conducting audits and assurance services programs

Education

Bachelor of Commerce - Accounting & Marketing

University of Western Sydney

CPA - Accounting

CPA

Skills

  • Timing Optimization via time management skills & automation/streamlining skills
  • Data analysis, Interpretation & translation into business benefits
  • Business partnering with all levels & types of staff
  • Business Tracking & communication in audience appropriate terminology
  • The ability to adapt to the business needs and culture
  • No comfort zone; able to approach any task with a logical, methodical and inquisitive manner
  • Ability to identify key drivers influencing an outcome/result

Timeline

Senior Financial Analyst

Qantas Airways
11.2022 - Current

Senior Financial Analyst

Qantas Airways
05.2018 - 11.2022

Senior Financial Analyst

Qantas Airways
10.2015 - 05.2018

Senior Financial Analyst

Qantas Airways
08.2013 - 09.2014

Senior Financial Analyst Regional Airlines

Qantas Airways
06.2012 - 07.2013

Senior Financial Analyst Office of CFO

Qantas Airways
04.2011 - 05.2012

Financial Analyst Q Futures

Qantas Airways
02.2010 - 03.2011

Financial Analyst Customer Product & Services

Qantas Airways
03.2007 - 04.2009

Financial Officer - Inter Company

Qantas Holidays
01.2005 - 02.2007

Reconciliations Officer - Qantas Holidays

Qantas Holidays
01.2003 - 01.2004

Junior Accountant

Gabriel & Partners
10.2001 - 11.2002

Bachelor of Commerce - Accounting & Marketing

University of Western Sydney

CPA - Accounting

CPA

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Amany Farag