Chief Financial Officer (Group)
Rahimtoola Group of Companies (Pharma, Skin Care, Shipping and Trading)
Total des années d'expérience :27 years, 0 Mois
Planning:
• Assisting in formulating company’s future direction and supporting initiatives
• Supervise and Implement strategic business plans
• Develop Budgets, financial & tax strategies
• Restructuring the investments and managing expected yields
• Reviewing and manage controls on debtors, inventory turnover and aging.
Financial Reporting:
• Reviewing annual budgets and discuss with departmental heads on SMART criteria to identify potential risks, opportunities and challenges and present to board of directors and group chairman
• Reviewing weekly / monthly business performance and prepare analysis reports;
• Reviewing of monthly financials
• Analyzing budget performance and report to CEO’s
Operations:
• Participating in key decisions being member of Executive Committee
• Monitoring HR & supply chain departments
• Devising operational best practices
• Preparing and implementing key performance indicators
Risk Management:
• Assisting CEO's (Individual Group Companies) with risk reports on acquiring new businesses and new launches (channels / markets / products)
• Keeping track of key elements of the company’s risk profile
• Maintaining appropriate insurance coverage
Funding:
• Monitoring cash flows and forecasts
• Arranging bank finance for business expansions and working capital
• Raising Equity fund (Straight & Convertible)
• Managing Trade Financing (Pre-& Post)
• Investment of funds to manage currency & inflation risks
Relationship Management
• Managing relationships with investors and key stakeholders
• Managing and handling auditors, accounts offices and tax advisors (includes Earnest & Young, Nexia and PWC) for Pakistan, Singapore, Europe and UAE
• Managing bankers, financial institutions
• Coordinating with external auditors
Taxation & Statutory:
• Managing VAT and other tax and statutory authorities and assure the proper record maintenance;
• Ensuring all legal & regulatory requirements are complied
Achievements
• Achieved Promotions and performance bonuses on Improving productivity & profitability
• Worked as an active partner in acquiring multi-national business (one of the successful acquisitions was “Reckitt Benckiser’s Pharma Trade Marks”);
• Successfully raised funds (equity) with an International Fund for pharmaceutical business and managed all the regulations & due-diligence independently;
• Implemented an effective ERP System (Earnest & Young) and improved reporting and controls;
• Brought toll business for pharmaceutical business to reduce Idle Capacity cost
• Managed targeted price increase for loss making products (with DRAP - Ministry of Health of Pakistan);
• Managed improved tax structure with Singapore auditors and tax Lawyers;
• Achieved various ethical tax savings for Pakistan’s businesses;
• Arranged efficient tax structure for operating companies;
A Portuguese company providing Management & Accounting Consultancy to SME’s.
Manage, meet and make presentations to new clients
Supervising Accounting, Finance teams to meet project requirements and deadlines
Performance Analysis, Designing SOP’s for Internal Controls - For clients on Project basis
• Preparing of monthly and yearly accounts (Financials);
• Preparing of annual budgets;
• Preparing analysis of creditors;
• Managing collections and receivable accounts;
• Preparing and submitting shipping A/c’s (Foreign Principals);
• Preparation / calculating direct taxes and staff payroll taxation;
• Filing of monthly, quarterly and annual tax returns, freight tax and exemptions;
• Preparing and filing all statutory returns (Form-A, Form-29 etc.)
• Attending tax notices with tax lawyers; and
• Handling annual audit / external auditors.
• Preparing of financials;
• Monthly reporting of receivable and payable accounts and collections;
• Preparing batch wise costing report;
• Filing and managing staff payroll taxation;
• Filing of monthly, quarterly and annual tax returns;
• Managing cash flows;
• Filing of all corporate returns;
• Managing external auditors;
• Assisting accounts department, for proper book keeping;
• Arranging export finance and monitoring of finance facilities;
• Preparing monthly and annual budget;
• Monthly audit of stocks and warehouses; and
• Weekly stock review of work-in progress and finished stocks.
• Providing support to the cost department through an inventory audit and audit of material bills;
• Counting of inventory cycles;
• Reviewing of ticket of materials that everything has a cost;
• Reviewing variation accounts (PPV and POIV);
• Productivity reports (daily);
• Costing of new material notes;
• Supporting and assist internal department reporting requirements such as audit schedules, tax schedules and others; and
• Ensuring timely submission, accuracy and validity of inventory, gross margin schedules to management.
I have applied for Fellowship membership of CIMA and the title of CGMA (Global Management Accountant) in association with AICPA Association (American Institute of Public Accountant).
MBA (Major in Finance)