Accounting Manager
Keltour Controls Inc.
Total years of experience :19 years, 0 Months
Key Accomplishments:
• Developed and implemented a formal and comprehensive performance reporting mechanism to evaluate and recognize project efficiency and employees’ productivity to accelerate the pace of growth & profitability.
• Established risk management procedures to limit the exposure to foreign exchange risks in lieu of fluctuations in the international market.
• Played a pivotal role in ERP selection and seamless implementation for smooth flow of operations.
Key Responsibilities:
• Tracking Full Cycle Accounting in Sage 50 & Questica inclusive of A/R, A/P, reconciliations, HST, Corporate Tax, W.S.I.B, and insurance & benefits; managing issues associated with leases, contracts and other financial commitments in an efficient and effective manner.
• Preparing payroll in Ceridian on a bi-weekly basis and cash flow projections to plan for capital and operational expenditures.
• Conducting scenario planning analysis to identify and evaluate multiple economic conditions for effective risk management.
• Performing intercompany/bank reconciliations to fortify accounting operations.
• Leveraging capital budgeting tools (NPV, IRR and Payback) to evaluate new projects and recommending those projects to the Management Team that have the potential to enhance overall value of the corporation.
• Keeping close tabs on project costing, variance analysis, inventory and internal control processes to create an environment which is conducive for accomplishing KPIs in sync with the corporation’s vision.
• Analyzing existing operations to identify and rectify bottlenecks to generate savings in costs and time via reductions in wastages and inefficiencies; supervising month and year end procedures and preparing Financial Statements for auditing and statutory reporting.
• Drafting commentary for the Management team by converting numbers into pertinent information that helps in achieving corporate goals & objectives.
• Consolidated activity reports to foster an environment of continuous improvement and career growth whilst maintaining superior standards for accuracy and efficiency.
Key Accomplishments:
• Enhanced the Inventory forecasting capability of the corporation and reduced Inventory levels by an unprecedented 12% to generate not only free cash flow but also higher Return on Investment (ROI) which steered the pace of growth and expansion.
• Implemented Revenue Variance successfully that helped setting and achieving Sales & Profitability targets whilst reducing deficit from the target by 7% in less than 2 quarters.
Key Responsibilities:
• Performed variance analysis of revenues and costs against budgeted numbers to identify and rectify significant deviations to enhance the overall efficiency and effectiveness of operations.
• Proactively engaged in inventory forecasting and planning and prepared and analyzed cash flow statements; supervised G/L Accounting and Month End preparation in Quick Books in line with applicable financial reporting standards.
• Developed master budget and bifurcated it between monthly, quarterly and annual forecasts; conducted ratio, contribution margin, cost-volume-profit, leverage and variance analysis to support the Management team in problem solving and decision making.
Key Accomplishments:
• Executed effective internal control procedures to enhance the invoice processing efficiency which reduced the payment cycle time by 85%.
• Coordinated with the Business Development Team to reduce the days sales outstanding (DSO) ratio by 5 days and recovered 7% past due accounts to improve the liquidity position of the corporation.
Key Responsibilities:
• Supervised the month end preparation & reporting inclusive of financial statements in ACCPAC; Organized budget preparation inclusive of re-forecasting and prepared ad hoc reports and analysis to facilitate strategic thinking and problem solving.
• Critically analyzed financial data and coordinated its reconciliation; shared key ratios pertaining to financial reporting covering liquidity, profitability and solvency position of the corporation.
• Actively engaged in processes associated with collections & billings, cash postings, debit & credit memo whilst providing Payroll, A/R & A/P Back-up support; coordinated with relevant personnel to resolve matters linked with insurance & renewals.
Key Accomplishments:
• Actively contributed in cutting down manufacturing waste from 7% to 3% which reduced the cost of production by 9% in less than a month’s time and enhanced the profitability of the corporation.
• Effectively coordinated with Sales and Operations teams to achieve Sales target for four consecutive years and significantly reduced customer waiting times by 17% over the course of six months by implementing a new operations plan.
• Assessed the financial impact of acquisitions, investments, financing and restructuring and explored scenario planning options prior to adjusting capacity utilization and making capital budgeting decisions which led to a staggering 60% increase in the production capacity.
Key Responsibilities:
• Prepared annual financial budgets and forecasts, cost analysis and reconciliations to support strategic thinking and decision making; critiqued on the production numbers and shared key insights with the Management team.
• Streamlined all activities associated with the management of Inventory, A/R, A/P and other current assets for the assured realization of seamless flow of operations.
• Supervised the preparation of financial statements alongside the quarter-end and year-end closing; investigated irregularities in revenues and expenses to fortify absolute accuracy while streamlining processes.
Other Relevant Experience:
• Jan 2002-Feb 2003: Inventory Management Consultant, Logan Enterprises, USA
• Mar 2003-Dec 2004: Finance Associate, JDW Sugar Mills, Pakistan
Continuous Professional Development: Financial Management • Financial Risk Management • Leadership & Change Management • Risk Management • Islamic Banking & Finance • Research & Development Leadership & Management • Strategic Management • Time Management & Motivation • Maximum Performance • Better Communication Skills