CHIEF ACCOUNTANT
HEALTH MART LLC
Total years of experience :17 years, 4 Months
• Prepare strategy, planning, financial modelling and budgeting plus restructuring of business combined with cash flow projections to assist commercial objectives and financing structures. Also assist in integrating new business, enhancing
• Provide 12 month rolling direct Cash Flow Statement and bank balance with commentary & also prepared financial appraisal and analysis to support the decision making process
• Implement effective system of funding management, also monitor and effectively manages the working capital requirement in relation to inventories, debtors and borrowing
• Process and handle all types of letters of guarantees (e.g. bid bonds, performance bonds, advance payment guarantees, Payments guarantees, Letter of Credit, Short Term Loan, back-to-back guarantee etc.) & Debt Resourcing & Restructuring of syndicated loans and covenants.
• Implement & Monitor Financial KPIs, also involved in period end closing & Advising, Maintain strong cross functional relationship with other function mainly marketing & Supply Chain, also Assist in creating marketing programs for all brands, also deals with difficult customer and long overdue payments and to make strategy.
• Creation and Maintenance of Customer & Regional Profitability reports to track against Budget
• Supervises monthly bank reconciliations and checking all control accounts, reconcile with income & expense ledger.
• Maintain financial staff job results by coaching, counselling & disciplining employees, planning, monitoring and appraising job results.
• Prepare annual statuary audits, liaise with internal & External auditor, Banks & Foreign Suppliers.
• Prepare Monthly, Quarterly Statement of Financial Position, and Comprehensive Income on IFRS Basis & Cash flow of the Project & Directly Report to the Regional Finance Head.
• Assist in the Preparation of Budget & Forecast of the Project, Review against Actual Performance & Prepare Variance Report
• Leads the Accounts Dept. of the Project, Assist Procurement Department for Cost Benefit Analysis.
• Liaise with Project Manager for Cost Reduction Opportunities & Regional Office for Ad-hoc reporting on daily basis.
• Evaluate & Review Payment Certificates, , DO’s & Journal Vouchers. Reimbursement, Job Advances, Movement of Accruals & Prepayments, Weekly Reporting of Stock at Site to Regional Office. Review intercompany invoices, Finalising monthly provision schedule
• Verification of LPO’s, coding of approved expenses as per budget in respective GL & Cost Centre.
• Administered & Review the Payroll Processing, Final Settlement of all the Labour & Staff at Site.
• Managing Payable, Closely Monitor Outstanding & Funds relates to the Project & Handling Petty Cash & Reconciliation, Request for Cash as & when required. Prepare Ad-hoc management reports
• Liaison with Supplier, Internal Auditor & External Auditor.
• Directed all financial activities including Account Receivables, Account Payables, Bank Reconciliation, Cash Receipts, Stock level & valuation Report, Financial Reporting and Analysis
• Prepared annual budget and forecast and preparation of variance analysis report on monthly and yearly basis.
• Administered payroll of 55 employees, managed and trained employees about company policies and regulation.
• Identifying KPIs and recommended measures to increase efficiency and profitability
TEACHING ACCA, CAT, B.COM. INTER, MATRIC, O LEVELS, A LEVELS
• Work with management to ensure a system is in place
• Plan, organize and carry out internal audit function, including the preparation of audit plan, scheduling and assigning work
• Make recommendation on the procedure and system being reviewed, and report on findings
• Determine compliance with policies and procedures and laws
• Provide assurance regarding suitability operational effectiveness of internal control system
• Credit Risk Management Reviews
• Approved Credit Proposals
• Studied the State Bank of Pakistan Prudential Regulation for Corporate/ Commercial Banking covering Risk Management, Corporate Governance and Operations.
• Recording of Cash Receipts and Cash Payments
• Payment of salaries to loaders and freight outwards
• Recording of Cash collection for Debtors
• Recording of Credit and Debit notes
• Printing of Customer Statements
• Generation of Sales Invoice and checking the prices in the system
• Discount working as requested
• Checking and posting of employees traveling claims
• Administration task relating to office stationary
• Monitoring Accruals and adjusted as required
• Preparation of Bank reconciliation
• Reconciliation of Receivables
• Passing journal entries through Journal Voucher
• Assist in the preparation of monthly/ Quarterly and annual accounts
CIA PART 1 Institute of Internal Auditor (USA) ACCA AFFILIATE Association of Chartered Certified Accountant Bachelor of Commerce University Of Karachi