Senior Financial Analyst (Assistant Manager Business Finance)
K-Electric Limited
Total years of experience :9 years, 8 Months
Here, I am performing Senior Financial Analyst role.
• Accountable for budget forecasting and monitoring, cost optimization, and stakeholder engagement to fulfill business demands and ensure smooth functioning of financial operations.
• Conduct comprehensive financial analysis to provide strategic insights to senior leadership, facilitating informed decision-making.
• Develop and maintain financial models to forecast company performance and identify areas for improvement.
• Perform variance analysis to explain discrepancies between actual and budgeted results and recommend corrective actions.
• Monitor key performance indicators (KPIs) and provide regular updates on financial performance to stakeholders.
• Support the implementation of financial systems and processes to improve efficiency and accuracy of financial reporting.
• Identify cost optimization opportunities and implement strategies for efficiency.
• Collaborate with teams to develop and execute budgeted plans, ensuring resources are allocated effectively.
• Mentor and train junior analysts to develop their financial analysis skills and knowledge.
• Led Business Requirements Document (BRD) creation for fleet automation project, ensuring seamless end-to-end processes.
• Supervised the payable accounts management, income tax withholding, and sales tax filing.
• Played a key role in preparing accurate and timely monthly financial statements, ensured compliance with IFRS standards.
• Oversaw reconciliations of accounts and analyzed financial data for operational insights.
• Provided guidance and specifications for customizing the SAP system to improve accounting processes.
• Implemented effective internal controls to safeguard financial transactions and maintained compliance standards.
• Utilized advanced accounting software and tools to automate processes, improve efficiency, and enhance reporting capabilities.
• Prepared monthly financial statements, including income statements, balance sheets, and cash flow statements.
• Ensured compliance with accounting standards, policies, and regulations.
• Managed accounts receivable, including invoicing, tracking payments, and resolving outstanding balances.
• Conducted budget controlling activities, monitoring, and analyzing financial performance against budgeted targets.
• Assisted in forecasting future financial trends and providing recommendations for cost-saving measures or revenue enhancement.
• Collaborated with cross-functional teams to ensure accurate and timely financial reporting.
• Engaged as a team leader/member in providing statutory audit and advisory services to corporate clients.
• Actively participated in conducting audits of client's financial statements to ensure compliance with applicable accounting standards and regulatory requirements.
• Collaborated with team members to plan and execute audit engagements, ensuring timely completion and delivery of high-quality audit reports.
• Assisted in assessing and managing risks associated with the audit process, identifying areas of potential non-compliance or financial irregularities.
• Conducted financial analysis and evaluation of client's internal controls, making recommendations for improvements to enhance efficiency and mitigate risks.
• Mentored and trained junior team members, fostering their professional growth and development within the field of statutory audit and advisory services.
My Responsibilities were:
1- Audit Engagement Planning
2- Revenue Recognition Policy Evaluation
3- Cost of Sales Determination
4- Assets & Liabilities Assertions Verification
5- IFRS Understanding & Applications
Maths, physics and chemistry.