Asst. Manager Finance
First Capital - PACE Group (Media Times Ltd)
مجموع سنوات الخبرة :20 years, 10 أشهر
Supervision of all matters related to Accounts. finance and banking. Funds & Cash Flow Managemnent, management accounts, management reporting, taxation, cash flows, financial managment, statuary accounts, receivables, payables, intra group reconciliations etc.• Management Accounts, quarterly statuary accounts, budgeting, cost & profitability analysis, Risk, Insurance Management & Internal controls, Variance analysis, Cash Flow projections, statuary & Internal Audits audit support.
• Bank Credit Facilities arrangements (funded/non funded), Short term borrowings, Overall working capital management.
• Evaluation of projects to outsource vs. in house production, material evaluations & comparisons, product cost analysis, breakeven analysis.
• Initiated to implement ERP X-tuple in the company in replacement of existing software.
• Detailed working with ERP project team for system study & design
• Supervision of overall all finance/accounts/taxation/treasury activities,
• Reporting to CFO, Group CFO and top management
• Successful implementation of ERP-SAP ECC 6.0
• Development of Stocks aging report, planned to reduce slow moving/dead stocks, successfully cut down stock by Rs.8m/month & reduced ITO days
• Recovered Rs.11m of Rs.14m that remain unrecovered over 180days by developing & analyzing detailed A/R aging report & recovery plans
• Rs.19m recovered from shipping companies on a/c of security deposits, a comprehensive exercise ended with fruitful results.
• Implementation of Faysal /RBS/Deutsche banks’ online cheque/payment authorization systems to accelerate the banking transactions
• Cope with the various unadjusted import related down payments, appropriately settled them & reduced value of stocks by Rs.3m/month
• Rs.1.3m/month (average) saved by acquiring alternative finance (MMT) at very lower negotiated mark up rate as compared to regular R/F
• Bring in the idea of cost centers/profit centers, created the same in system & implemented aiming at development of accurate profitability report
• Managed to reduce sales tax return filing time by 6 days by updating customer/vendor master data, automation & integrating SAP’s tax reports
• Settled 90% of the pending cases by closely working with tax consultants/legal advisors & reconciled/cleaned the sales tax account,
• Get the company registered for compliance of new Punjab & Sindh Sales Tax on Services Acts, set up procedure for full compliance of new laws
• Budgeting and forecasting with periodical controls, variance analysis, management reporting and ensuring compliance, profitability & financial statement analysis, Internal, External Audits
• Management of Financial operations, credit facilities, short term finances, trade business with banks, Supervision of funds position, cash flow management, Money markets, banks’ treasuries dealings
• Supervising reconciliation of A/R, A/P, Royalty with 12+ group companies
• Monitoring invoicing, recovery/payments, reconciliation of 300+ accounts
• Income Tax/ Sales Tax/WHT returns and Statuary Returns of SECP
• Valuation of Imported Raw Materials & Reconciliation of Stocks in Transit,
• Practical experience in almost all SAP FI/CO areas like A/R, A/P, Cash Journal, Invoicing, GL, Fixed Assets, Depreciation, Inventories, period end closing runs, material evaluation, material costing, revaluation of materials, cost estimates, cost center, profit center accounting, profitability reports.
Global Trading Co. Lahore, Pakistan(Panasonic A/V products, Home appliances)
Asst. Manager Finance & Accounts (Oct, 2003 - Sep, 2006)
• Preparation of Management Accounts, budgeting, cost & profitability analysis, Controls Implementation, Variance analysis, Cash Flow management, Risk and Insurance management
• Negotiations with different banks for availability of Credit Facilities
• Responsible for overall accounts/finance activities, accuracy of Trial Balance and all account heads
• Receivables, payables supervisions, overall Inventory management, slow moving/dead stock management, periodic stock taking, fixed assets accounting and safeguard
• Preparation of Management Accounts, budgeting, cost & profitability analysis, Controls Implementation, Variance analysis, Cash Flow management, Risk and Insurance management
• Negotiations with different banks for availability of Credit Facilities
• Responsible for overall accounts/finance activities, accuracy of Trial Balance and all account heads
• Receivables, payables supervisions, overall Inventory management, slow moving/dead stock management, periodic stock taking, fixed assets accounting and safeguard
• Negotiation with international forwarders for import and export rates
• Booking of cargo shpts. of clients through international forwarders
• Follow-up with agents and shipping companies for voyage schedules
• Shipping documents management from airports and dry ports
• Remittances to foreigner agents through bank & money exchangers
• Billing to local clients and collection of payments
• Maintenance of complete accounting records of all clients and agents
One subject remaining to Qualify the ACMA
Associate Public Financial Accountant- An associate member of PIPFA.
Qualified MBA (Banking and Finance) from AIOU, Islamabad. Major subjects include, Banking, Financial Management, Management Accounting etc