MANAGEMENT ACCOUNTANT
INTERNATIONAL MULTI GROUP OF COMPANIES
Total years of experience :14 years, 10 Months
SOP’s development for the budgeting exercise and circulation thereof to the relevant departmental heads.
Developing departmental Performa budgets in collaboration with departments for sales, input materials (direct/indirect), process losses, conversion costs, marketing, administrative and distributive expenses.
Collating the departmental budgets into a master budget for the year and forwarding for approval to CFO.
Value analysis of the installed capacity.
Financial appraisal of a newly approved solvent plant.
Internal audit of goods returned in terms of dispatched at sales price, leakages, returned quantity (laboratory report), final value credited back to customer account and recording net loss.
Monthly internal audit of oil in process at various production stages.
Special assignments by CFO, finding correlation between input oils consumed and the various chemicals used for different activity levels using regression analysis, looking for trends.
Analysis of the implications of foreign currency transactions and forwarding proposals for hedging tools at group level.
Assisting external auditors in carrying out statutory cost audits.
Process costing analysis of the conversion cost element of the cost of sales.
Packaging wise profitability analysis and scenario planning for the optimum sales mix.
Assisting internal audit department in various tasks upon their request.
Sensitivity analysis for different raw oil’s and the standard conversion processes involved and their impact on gross margins.
Verifying and authorizing all commercial sales invoices.
Verifying and authorizing scheduled and non scheduled stores and spares purchases, through the purchase cycle and verifying correct entries in the ledger.
Freight charges record maintenance and actual payment to vendors and their respective entries.
Verifying and authorizing cotton purchases.
Verifying and authorizing commission payments to brokers and maintaining the commissions register.
Verifying and authorizing postings into ledger of vouchers of Yarn bank receipts from parties along with withholding tax deductions vouchers and any credit notes as and when arise.
Sales data analysis from two parallel running financial systems i.e., SAP and Softcon during the system conversion process.
Analysis for any variances in Landed cost of input materials imported.
Monthly Bank Accounts reconciliations.
Verification of reimbursement claims by managers for allowed official expenditures.
Fixed asset register maintenance.
Carrying out Monthly stock takes.
Conducting annual financial audits at various clients.
Analyzing control environment at client organization for their effectiveness and providing input on risk levels how to approach a particular assignment.
Performing test of controls, test of details and analytical review.
Accounts finalization for clients.
Part of the permanent audit team for Half yearly reviews & Besos assignments at the OIL & Gas Development Company Limited OGDCL Pakistan.
An excellent understanding of KPMG auditing techniques and KPMG risk determination procedures.
Identifying areas of potential efficiency improvements.
Compiling reports of audit results to senior managers.
Daily contact with client staff and other parties.
Assists in the training and coaching of junior members of staff.
Promote controls and sound risk management.
Draft audit reports for review by the lead auditor and senior managers.
Identify any gaps in controls and make practical recommendations.
Preparation of the daily Bank position for the Board of Directors.
Generating Production Report.
General Ledger maintenance.
Vouching receipts and payments.
Generating Bi monthly, product wise Profit/ (Loss) report.
Year End Financial Statements Analysis.
Special assignment on calculating the holding company’s WACC.
Preparation of the month end activity report encompassing sales, cost of sales, inventory usage for submission to corporate head office.
Monthly Stock take and direct materials inventory usage analysis based on the standard usage of respective units sold.
Rent and rates payments and bank and cash management.
Discounts allowed and discounts taken record and their respective entries.
Assisting in payroll preparation.
Computation of the Value added tax portion of the tax returns.
Special activity reports and management by exception reports.
Analysis of the correlation between the weekly advertisement and its effect on direct sales by computing a correlation factor.
Cost accounting Management accounting Financial accounting Finance/Financial management