Group Finance Manager
Screenline Group of Companies
Total years of experience :16 years, 2 Months
Group Finance Manager (September 2002 - Present)
- Screenline Group of Companies
• Currently employing at Screenline Group of Companies as the Group Finance Manager. I joined Screenline Group in September 2002 as an Accountant and following responsibilities were included in my Job Description up to date.
* Managing Group Finance and making arrangement with banks and financial institution for better investments tools and borrowings.
* Review and evaluation of business proposals in terms of financial and other aspects.
* Closely monitoring and tight management of debtors with respective sales managers and directly with customers.
* Coordinating the preparation and presentation of monthly financials and discussion with board of Directors.
Statutory Audit & Other Statutory Requirements
* Oversee the interim & year-end audits and internal processes in order to ensure that they adhere to the standards and guidelines given by the Company as well as the local and international Accounting and Auditing Standards.
* Co-ordinate and communicate with external parties such as Auditors, Lawyers, Company Secretaries, Government Institutions such as BOI, and Customs in order to obtain relevant information with regard to legal and secretarial matters.
Budgeting Process & Budget Monitoring
Internal Controlling
♦ Review periodically the implementation and sustenance of control procedures and make recommendations to the management on the same
* Work closely with special projects department and carry out internal audits in order to ensure procedural adherence and compliance to the standards such as ISO, WRAP.
* Manage the verification process of all stocks in the organisation (Work in progress, Raw Material Warehouse, Finished Goods Warehouse, General Consumable Stores & etc.)
Payments and Treasury Management
* Manage & oversee the payments of all local and foreign payment including Petty cash, Vendor Billing, handling and corresponding with relevant parties with regard to verifications of payments/approvals. Liaise with Commercial department and relevant parties on opening of Letters of Credit in order to facilitate the import/export process and procedural adherence.
* Analyze Daily Financial Position, asses the financial requirements of the organization and liaise with Banks and Financial Institutions to negotiate for better terms and deals and advise the management in making necessary decisions and draw-up contingency plans in order to secure the financial position of the Company
* Checking and authorizing all Debit Notes Credit Notes.
Salaries & Payroll Process
* Preparation of Monthly Management Accounts and reporting to Board of Directors on Factory Performance, Profitability and Variance Analysis.
Taxation
* Overall responsibility of preparation and submission of statutory returns relating to Value Added Tax etc.
Budgeting Process
* Advise and guide the departments on preparation of budgets and on expenditure. Monitor and analyse budget variances in order to ensure that department expenditure is maintained within the budget Comparison with the actual and Preparation of Variance Analysis.
Audit Engagements
* Liaising with the External Auditors for the Annual Audits by co-ordinating the auditors and prepare the required schedules, explanatory details and any other information required by the auditors, to facilitate a smooth auditing process.
Insurance
* Identify, negotiate with agents and obtain beneficial insurance policies such as Life Insurance, Personal Accident, Medical & Hospitalization, Directors' Personal Insurance covers,
Internal Control
* Overlooking the Petty Cash Floats whether the adopted internal controls are adhered and authorizing all day-to-day routine expenses made out of Petty Cash Float.
* Overlooking the Receipts System, Foreign Currency Floats and controls over Daily collection banking carry out cash counts.
* Carry out stock verifications.
Group Finance Manager (September 2002 - April 2014)
- Screenline Group of Companies
Finance and Admin Manager (September 2014 to Present)
- Western Paper Industries (Bangladesh) Ltd
• Currently employing at Western Paper Industries (Group of Companies) Bangladesh Ltd as the Finance and Administration Manager. I started my career as a Junior Accountant with Screenline Group in September 2002 and following duties and responsibilities were included in my Job Description up to date
Managing Group Finance and making arrangement with banks and financial institution for better investments tools and borrowings.
Review and evaluation of business proposals in terms of financial and other aspects.
Review of costing done for individual orders and granting approval for order processing.
Closely monitoring and tight management of debtors with respective sales managers and directly with customers.
Coordinating the preparation and presentation of monthly financials and discussion with board of Directors.
Coordinating the preparation and presentation of monthly rolling forecast.
Statutory Audit & Other Statutory Requirements
Oversee the interim & year-end audits and internal processes
Co-ordinate and communicate with external parties such as Auditors, Lawyers, Company Secretaries, Government Institutions such as BOI
Budgeting Process & Budget Monitoring
Advise and guide the departments on preparation of budgets.
Oversee the monthly budget monitoring process, monitor and analyse budget variances in order to ensure that department expenditure is maintained within the budget.
Internal Controlling
Develop, sustain and review internal controls for all Finance related transactions and systems such as PMS, BAR CODE, Payroll and Stock Control, by
• Carrying out internal systems / process studies
• Evaluate and identify methods/processes that do not conform to required principles and guidelines & discuss such deviations with relevant managers
• Review periodically the implementation and sustenance of control procedures and make recommendations to the management on the same
Work closely with special projects department and carry out internal audits in order to ensure procedural adherence and compliance to the standards such as ISO, WRAP.
Manage the verification process of all stocks in the organisation (Work in progress, Raw Material Warehouse, Finished Goods Warehouse, General Consumable Stores & etc.)
Payments and Treasury Management
Manage & oversee the payments of all local and foreign payments
Analyze Daily Financial Position, asses the financial requirements of the organization and liaise with Banks and Financial Institutions to negotiate for better terms
Salaries
Processing executive grade salaries and liaising with the EPF / ETF departments, Labour department and Inland Revenue Department with relation to salaries EPF, ETF & PAYE related matters. Filing EPF, ETF & PAYE Returns.
MIS System
Monthly Accounts
Taxation
Budgeting Process
Audit Engagements
Insurance
Internal Control
Overlooking the Receipts System, Foreign Currency Floats and controls over Daily collection banking carry out cash counts.
Stock Verifications
Carry out stock verifications.
Overseas Experience
Screenline Group is having Overseas Factories at India, Bangladesh and Vietnam. I have worked Screenline Embellishers (Bangladesh) Ltd for two years (2009-2011) as the Operations and Finance Manager. I mainly overlooked Finance and Factory operations including HR & administration. In there I have gained more experience with related to Factory Productions, Quality Assurance, On time Deliveries and Labor Management etc., We had work force about 250 and Factory is registered at Bangladesh Export Processing Zones Authority (BEPZA) and I have directly reported to C.E.O
* Screenline Group is having Overseas Factories at India, Bangladesh and Vietnam. I have worked Screenline Embellishers (Bangladesh) Ltd for two years (2009-2011) as the Operations and Finance Manager. I mainly overlooked Finance and Factory operations including HR & administration. In there I have gained more experience with related to Factory Productions, Quality Assurance, On time Deliveries and Labor Management etc., We had work force about 250 and Factory is registered at Bangladesh Export Processing Zones Authority (BEPZA) and I have directly reported to C.E.O
Audit Experience
Audit Senior (June 2000 - September 2002)
- BDO Burah Hathy - Chartered Accountants
• I joined M/S Rajan & Renganathan as an Audit Trainee for my 01st two years Practical Training and completed my 02nd two years Practical Training at BDO Burah Hathy. During my Practical Training I have performed & finalized following assignments.
* Annual Financial Audits relating to Manufacturing, Trading, Agricultural, Hotels, Banks, Service oriented & Construction organization.
* System Studies
* Internal Audits/Assignments
* Investigations
* Cash Counts
* Stock Verifications
* Tax Computations
Extra Curricular Activities
As a School student
* Performed duties as the Secretary of the School Commerce Students Association during the period from 1993 to 1995.
Audit Trainee (March 1998 - May 2000)
- Rajan & Renganathan - Chartered Accountants
Main Course Units Organization Theory and Management process Decision Theory Micro & Macro Economics Financial Accountancy 1 & 11 Accounting for Managers Human Resource Management Industrial Law Policy analysis for Decision Making Total Quality Management Production and Marketing Management Dissertation
• Higher Education - Bachelor of Business Management Special Degree (1996 - 2000) University of Kelaniya - Sri Lanka . Passed Intermediate Examination of CA Sri Lanka and reading for Final levels