Business Consultant
Kingdom Holding Company
مجموع سنوات الخبرة :14 years, 4 أشهر
Providing support in streamlining organization processes usings automations/digitalization
Consultancy Services to new organizations in start-up phase
• Managing financial planning and budgeting of value-added business with annual revenue of Rs. 30B Plus
• Completion and release of regular financial statements in coordination with external auditors within prescribed time
• Developing/directing the implementation of standard operating policies and procedures relating to the finance/accounting function, we achieved monthly SBU accounts finalization upto 4th of every month as compared to 2nd week in past
• Compliance monitoring with state, federal government reporting requirements and tax filings. Use automations to improve response time relating to regulatory particularly FBR queries
• Undertaking of new projects feasibilities along with merits and viability relating to machinery and online business
• Monthly MIS reporting pack accompanied with operational presentations with emphasis on exceptions (such as loss-making orders, production shortfalls, supply chain issues, production losses, Overtime, Low % of Net Profit, capacity gaps, increase in inventory levels, Receivable/Payable aging, Budget variations etc.) with impacts/recommendations to all stakeholders. During my tenure we increased growth in production by 4 times/revenue by 3 times
• Implemented cost-saving initiatives and productivity tools, including streamlined internal audit procedures and use of Oracle ERP software company-wide
• Time and motion study introduuced in company value add segments. Due to tight operational controls, we reduce all production losses by almost 50%. Creditors are categorized and standard payment terms are agreed/automated that lead to improvement in working capital cycle. Remained instrumental in making policies to control international customer stock levels against projections which reduced inventory levels by 50% in just 3 years.
• Supvervision of Treasury operations to monitor forward hedging for import/export and related banking operations
• Online Payment systems used with bank collaborations having digital signatures.
Monitors financial results on monthly basis to ensure actual financial progress is on target in line with budget as to sales and costs and that remedial actions are timely implemented/ communicated/ highlighted when required
• Coordination with external auditors and reviews all financial statements, audit reports, and other management reports received from the external auditor and discuss these with higher management.
• Cash flow management to ensure desired cash flow situation and working capital levels are reached and maintained.
• Develops and directs the implementation of standard operating policies and procedures relating to the finance/accounting function
• Help organization in standardization of different SOP’s among multiple units as per industry best practices.
This consequently lead to elimination of redundant tasks and better utilization of company resources.
• Discuss the agreed SOP’s with ERP team and lead the project of execution/achieving of Business SOP's using system automations
• Directors are interested in actual Pre vs Post Costing of different units so I make comprehensive Costing models as per best industry practices in excel and after successfully presentation to directors, I lead this project to get these results implemented in system with the help of ERP team.
• Designing and presenting Director MIS each month. Different variance analysis and Pre Vs Post costing results are presented which lead to improvement of business operations each month by identifying opportunities in operations, conducting efficiency studies, initiating changes, and thereby reducing operational cost
• Different Budgets are prepared which are presented at different levels of management to monitor different business operations. Ensures timely collection of budgeting forms and templates from various departments and confirms their compliance with approved budgeting policies and procedures
• Different analysis are prepared each month including competitor performance analysis that helps the management in taking accurate strategic decisions. These analyses help organization in mitigating risks.
Planning, execution and completion of various audit assignments
• Framing the scope in consultation with senior management
• Correspondence with the client management
• Direction, supervision and review of the junior team members
• Financial statements and consolidation preparation and reviews
• Preparation of audit programs, internal control diagnostic reviews, audit reports, management letters
Preparation of overall ERP project plan
• Existing system study, GAP Analysis, Business Process Reengineering
• Converting and uploading legacy Data in the Oracle System
• System configuration as per User Requirements, Providing User Trainings
• System Support after implementation
• Reconciliations after complete close of the accounting periods
Financial Modeling, Business Valuation, Sensitivity Analysis
courses: Oracle Payable Implementation Certification
(ICAP)