Sr. Manager
SMB Management Consultants
Total years of experience :40 years, 0 Months
• Completed a project namely Signaling System - a performance evaluation and target setting system for Ministry of Industries Govt. of Pakistan. The project entailed detailed analysis of the annual budgets, setting performance targets and analyzing the actual performance of these companies vis-à-vis their budgets.
• Prepared financial statements for 2008 to 2011 for Property possibilities Inc. and prepared its corporate taxes
• Analyzed, corrected and prepared financial statements for GolfGreen Irrigation Services Inc. and prepared its corporate taxes
• Assisted Chief Finance Officer in preparation of 31 years’ Capital Business Plan involving about 50 capital projects costing $31.6 billion over the period
• Responsible for processing invoices and make payment releases from respective POs in PeopleSoft
• Did accounts cleaning of both Operating and Capital accounts by locating miss-coded transactions and making correcting Journal Entries
• Projects cost analysis comparing actual with the budgeted amounts and recommending corrective measures if needed in order to insure the projects are on track
• Using queries and reports in PeopleSoft to do data mining and summarize this huge data meaningfully using Pivot tables
• Completed POs cleaning exercise; POs which have expired and were still active, POs with wrong GL coding and other related information
• Maintained invoices tracking worksheet and coordinated with accounts payable department at York Region insuring accurate recording of GL codes and timely payment to the contractors
• Assisted Director Finance in preparation of Cost Centers’ Operating budgets and their consolidation into the Organization annual budget
• Reconciled Capital Assets and new Building account (about $90 million project); which involved corrections, re-allocations and regrouping of various related accounts
• Reconciled Accounts Payable Sub-ledger to purchase ledger; did correcting entries where required
• Recommended and implemented corrective measures for Purchase Process ensuring good governance
• Assisted Director Finance in preparation of audit documents and successfully handled external annual audit
• Made extensive use of Pivot Tables and other Excel features to analyze and reconcile various accounts
• Responsible for monitoring and reporting Supplementary Grants (about 80) amounting to about $11 million
• Successfully monitored year 2008-2009 Grants - periodically reviewed these grants, did correcting entries in JDE accounting system for mis-coded accounts and assigned correct Business Units and Sub-Ledgers
• Uploaded all Spending Plans into JDE for budget entries and created revenues and receivables accordingly
• Reviewed, corrected and approved all journal entries made by Grants Coordinators for posting into JDE
• Excessively used pivot tables for summarizing and analyzing these grants for variances against budget, and prepared interim/final reports accordingly as per project agreements.
• Documented Supplementary Grants process - from applications/proposals to completion and reporting
• Processed year 2009-10 grants, reviewed Spending Plans before their submission to the Board for approval, assigned Sub-Ledgers and Business Units to all the grants for effective monitoring and control
• Assisted in year-end closing - journalizing, uploading, and reviewing JDE entries for error free postings
• Assisted Director Finance in finalizing the annual audit
• Reconciled capital assets accounts, did write-offs, worked out depreciation and determined net-book value
• Coordinated in up-loading the fixed assets into SAP Business One
• Configured fixed assets module in SAP - Created fixed assets classes and their accounts determination
• Bank accounts reconciliation, Processing incoming payments, and creating outgoing payments run
• Assisted in creating budget for the year 2008-2009
• Reconciled assets sub-ledger accounts, accrual accounts and accordingly updated the accounts in SAP
• Configured/set-up auto execution of recurring entries
• Member of the team responsible for testing SAP configuration and maintaining the accounts integrity
• Generated reports and ran queries using XL Reporter and dumped SAP data into the Excel for analysis
• Completed a project namely Signaling System - which entailed detailed analysis of the annual budgets, setting performance targets and analyzing the actual performance of these companies vis-à-vis their budgets.
• Assisted in year-end audit of Heavy Mechanical Complex, Mustehkam Cement, and Maple Leaf Cement
• Did inter-company accounts reconciliation of State Engineering Corporation and State Cement Corporation
• Established accounting system for 15 small businesses and trained their staff to do basic bookkeeping
• Prepared financial statements, did accounts reconciliation for over 35 clients, and filed their corporate returns
• Developed business plans for 17 clients, and arranged business loans for them
• As a Mortgage Consultant arranged mortgages for more than 380 clients, achieved 98% success ratio
· Reconciled accounts payable for the months of May 2004 to March 2005
· Analyzed annual budget for 2005 and created pivot tables for organizing and presentation of the budget information in a meaningful way
· Transformed capital budget 2005 as per annual budget format of the Town of Markham
· Developing a financial model for Life Cycle Replacement and Capital Reserve Fund, the purpose of which is to fund asset life cycle replacements and other major capital investments in future.
· Creating a forecasting model for the Town of Markham annual revenues and infrastructure development requirements
· Developed a financial model for Purchasing Department intended to achieve efficiency and accuracy in bids invitation process. The model will save at least 10 to 15 minutes per instance and will eliminate errors altogether
· Responsible for creating vendors’ profile in accounts payable module of the accounting system - SFG
· Designed a financial model for tracking and usage analysis of office supplies by various departments
· Developed 5 year financial plan and prepared budgets/forecasts of the company
· Created pricing model for the company’s helptrain services and prepared pricing proposals for prospective clients
· Assessed the adequacy of existing financial and accounting controls and made the required changes
· Implemented regular financial reporting to Operations Management and Board of Directors
· Performed all accounting functions from data entry to period-end closing of accounts and generated financial statements on monthly/annual basis
· Managed Cash flow, accounts payable, accounts receivable, inventory, and reconciled bank accounts
· Ensured timely compliance of all tax filing and other regulatory obligations, which resulted in GST refund of $130K
· Successfully handled audits/audit queries by external auditors, Ministry of Finance and Revenue Canada
As an independent consultant successfully completed the following assignments:
· Assisted Moneris Solutions Corp. in developing Business Plan for the year 2001. During the first year of its operation, Moneris forecasted $351MM revenues and $136MM net income before tax
· Developed accounting system, prepared financial statements and did year-end closing for Cytrain, an IT training provider
· Prepared accounts, reconciled bank statements, did year-end closing, and completed external audit for the Auxiliary accounts of Humber River Regional Hospital
· Reconciled inter-company accounts, transition account, prepaid expenses, accruals, and did synergic analysis of Nabisco Holdings Corporation upon its acquisition by Kraft Foods. Combined revenues were projected at $34.7 billion
· Designed and implemented computerized accounting system at all three companies
· Prepared budgets/forecasts
· Managed accounts receivable, accounts payable, inventory, bank accounts and accounts reconciliation
· Supervised day-to-day accounting and financial operations
· Created financial statements on monthly/yearly basis and did period-end closing
· Performed financial and variance analysis on monthly and yearly basis
· Produced management accounting information for decision-making
Experts Advisory Cell is an organization that provides advisory services to the Ministry of Industries & Production in monitoring the performance of public sector companies (72 companies) under its control.
· Developed and implemented a performance evaluation and target setting system (Signaling System) in collaboration with the World Bank
· Created budgets and financial plans for 25 plus companies
· Prepared budgeting/forecasting models
· Produced and consolidated financial statements on monthly and yearly basis
· Performed financial analysis, variance analysis, and cost benefit analysis of the companies
· Organized and customized preparation of management accounting information for decision-making
· Administered activity-based management (ABM), identifying activities requiring modification or elimination
· Prepared feasibility studies for 20 industrial projects using capital budgeting techniques to determine financial and economic viability of investment proposals, which resulted in savings of more than US $35 million over 2 year period
· Worked on projects for improving productivity and profitability through: information systems, management audit, organizational analysis, cost benefit analysis, and pricing analysis - improved performance by 25 percent
· Established corporate planning system in various companies; developed corporate plans for over 15 companies
· Designed and implemented management information systems
· Prepared financial statements on monthly, quarterly, and yearly basis
· Developed annual budgets and forecasting
· Created and evaluated feasibility studies of different contracts before their formalization
· Performed financial restructuring of the company
· Developed and implemented corporate plan of the company
· Carried out performance analysis of the company vis-à-vis budgeted targets on monthly, quarterly, and yearly basis
· Supervised Job-Order costing using activity-based costing for manufacturing overhead costs allocations
· Product costing
· Used linear programming models to find optimal product mix based on profit maximization or cost minimization
· Administered activity-based management (ABM), identifying activities that required modification or elimination if they had no added value
· Did independent project on forecasting techniques, which involved multiple regression analysis · Short-term courses: corporate financial management, investment management, forecasting techniques, financial modeling, operations management, project appraisal, and data base management (dBase and FoxPro) · Attended seminars on financial management, liquidity management, effective cost control, and efficient portfolio management
· Did independent project on forecasting techniques, which involved multiple regression analysis · Short-term courses: corporate financial management, investment management, forecasting techniques, financial modeling, operations management, project appraisal, and data base management (dBase and FoxPro) · Attended seminars on financial management, liquidity management, effective cost control, and efficient portfolio management
Achieved GPA of 3.7 / 4.0 Currently working towards CGA designation - Level-4
Achieved 1st. division