Manager Budget & Planning
Select Group
Total years of experience :26 years, 8 Months
• Created multiple business models to derive the best ROI strategy.
• Established and successfully managed the business planning, budgeting & forecasting routine, created pro forma income statement, balance sheet and cash flow models for all projects and Group consolidations
• Implemented budgetary and internal control policies / procedures for all the areas of business.
• Instituted credit policy & collection systems / procedures to maximize cash flows.
• Participate in conducting due diligence and valuations for mergers and acquisition opportunities and successfully executed acquisition strategy.
• Participated in securing an international hotel chain operator for 5 star hotel tower.
• Participated in financing of project, term sheet / loan documentation negotiation securing loan of USD 150 million.
• Preparing Group monthly management accounts and performing variance analysis, on monthly, year to date and to-date basis, and rollover forecasting for next one year.
• Controlling CAPEX and REVEX in conformity to the approved budget.
• Preparing quarterly, half yearly and annual presentations for the Board of Directors to highlight the key financial results of the individual companies and Group.
• Assist Group Chief Financial Officer to develop group financial planning, policies and recommendations.
• Develop reports and financial analysis as required for external and internal purposes.
• Implemented budgetary and internal control policies / procedures for all areas of business.
• Created multiple project models to derive the bid price on targeted profit basis.
• Developed annual master financial and capital budget for the company.
• Approved and control project cost and expenses according to the approved budget.
• Participated in development of the financial planning, policies and recommendations for company.
• Analysed and identified the cost controlling areas and develop the policies.
• Prepared monthly and quarterly cash requirement statement.
• Prepared monthly and quarterly budget variance report along with the financial reports.
• Designed and successfully implemented cost accounting, production & inventory control systems.
• Established and successfully managed the business planning, budgeting & forecasting for all divisions like Ferro silicon, calcium carbide, MDF (Medium density fibre board).
• Identified idle capacity, reduced machine breakdowns and achieved labor efficiency.
• Designed an effective monthly management reporting pack.
• Conducted product costing/pricing and cost-volume-profit analysis.
• Project managed implementation of Oracle based in house Accounting, cost & Budget, Fixed assets, Payroll, Software.
• Closed monthly / annual books of accounts and managed company reporting under tight deadlines.
• Implemented group internal control policies and procedures.
• Lead budget preparation & approval.
• Planning & maintenance cash flow.
• Arranged refinance from banks against export, finance against import of material (FIM) and Lc discounting.
• Authorised daily receipt, payment & journal vouchers.
• Finalized company financial accounts for external management audit and sales tax audit.
• Preparation of annual income tax return, monthly general sales tax returns & all other sales tax documents like inventory, Bank reflection and refund claim file.
• Appear in the hearing of income tax & sales tax on behalf of company.
• Check & verify payroll, tax deduction on pay roll.
• Arranged lease facilities for company.
Key responsibilities almost same as shown above while working with Hamid Textile Industries
• Maintained accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
• Preparation of quarterly/annual account based on the applicable laws and IFRS requirements.
• Initiated budget and forecasting activities
• Monitored and analysed department work to develop more efficient procedures and use of resources while
maintaining a high level of accuracy.
Worked on Company Budget 1999
Worked in fixed Assets, Store Accounts, Book Keeping & Pay Roll Department.
Looked over the Accounts Department.
Checked & verified Daily Transaction.
Prepared Daily Bank Position, Daily Revenue, Daily Occupancy Report, Daily Collection Report.
Supervised Night Auditor.
Maintained Daily Cost of Production.
Prepare Daily Cost Sheet.
Controlled Inventory.
Prepared monthly Bank Reconciliation, Payroll & Excise Duty, and Bed Tax Returns.
B.Com