Group Chief Financial Officer
Cresset Strategic Partners Pvt Limited
Total des années d'expérience :16 years, 0 Mois
Cresset Group is involved in the production and sales of Apparel in and outside Pakistan. It also has its owned Software house to develop applications and contract-based assignments for the foreign customers.
1. Strategically evaluate corporate structure of the company to implement and design control framework, complete ERP solution and change management.
2. Planning the restructuring process, improving financial reporting, strengthening working capital,
improved supply chain and sales functions and reduced short-term bank borrowing.
3.Rationalize manufacturing costs, reduced production wastages, reallocating production to an underutilized facility, culminating in an overall improvement in margins.
Promoted to a more strategic role in the existing company as Sr. Manager Accounts and Finance. My
job role includes the following:
1. Initiate and lead strategy formulation process of the company.
2. Plan and implement code of corporate governance of SECP within organization.
3. Establish efficient and effective internal control system to safeguard the assets of the company.
4. Present accurate financial results to the management on monthly basis.
5. Ensure proper budget control mechanism for controlling and directing company's operations.
6. Review and improvement of existing ERP system.
7. Present investment proposals and arranged for borrowing facilities as per the requirement of the
company. Currently I am managing a portfolio of rupees 5 billion borrowing.
8. Supervise financing activities and to establish treasury function within organization and its
implementation.
9. Supervise costing function for proper cost allocation of cost drivers in determining product cost. 25%
cost reduction obtained through proper strategy and planning.
10. Undertake periodic evaluation and appraisal of subordinate staff members and ensure adequate
rotation plan in place.
11. Provide training for development and motivation of staff.
1. To ensure proper update of various Standard Operating Procedures (SOPs) and Policies for the
Company.
2. Ensure proper system of internal controls are in place and advise management to implement ERM
framework.
3. To Prepare the Annual Internal Audit Plan and reviewing the Internal Audit Reports for submission to
the Audit Committee and the senior management of the Company.
4. To execute short & long term departmental goals, objectives, policies and operating procedure linked
with business plan
5. To Implement audit schedule in accordance with approved Annual Internal Audit Plan and monitoring
its progress across all functions of organization.
6. Pro-active compliances of external laws, regulations and rules applicable to the Company
7. To supervise the Internal Audit teams by providing direction, guidance and on-the job training
1. Managed group wide Internal Control System.
2. Established and maintained a quality assurance program to evaluate the effectiveness of internal
control on a continuous basis.
3. Ensure that audit activities are conducted in accordance with the policies and procedures set by the
company.
4. Ensure completion of group budget and its comparisons.
5. Monthly comparison of actual Income/Expenses with budget.
6. Pre and Post Audits of financial transactions.
7. Prepared and update of Internal Audit Charter.
8. Supervise preparation of Annual Internal Audit Plan, assignments and timelines for completion for
each task, and main activities.
9. Assist the management in engaging an independent audit firm to assess internal controls when
required
10. Assisting departments in preparation of SOPs in critical areas. Specifying internal checks including
pre-audit checks, adherence to policies procedures and compliance with rules, laws and Regulations.
11. Preparation and submission of Post Audits monthly management reports to Senior Management/
Audit Committee.
12. Made follow ups on post audit reports and identification of weakness.
13. Prepared Internal audit reports containing observations, comments and recommendations based on
carried out work. (on the basis of Accounts)
1. Detailed Budget preparation of all projects, with monthly budget evaluation.
2. Formulate the policy and procedure for Internal Audit and fraud detection
3. Prepared audit reports containing observations, comments and recommendations based on carried
out work. (on the basis of Accounts)
4. External and internal audit finalization.
Performed planning, execution, reporting and finalization of external and internal audits assigned to
me in Power & Energy Sector, Trading companies, Financial sectors, Construction sectors, N.G.Os, and
Non-profit & Educational public sectors (companies mentioned below).
2. Supervised book keeping assignments and preparing financial statements as per International
Financial Reporting Standards and statutory requirements.
3. Performed internal audit services to ensure the compliance of internal controls and statutory
requirements.
4. Assisted in the design and implementation of accounting software including post implementation
audit.
5. Served as a consultant to management staff on internal controls and assisting clients in designing
Standard Operational Procedures (SOPs) for different areas of business.
6. Performed audit procedures (substantive and analytical tests).
Education
Chartered Accountant (ACA- Final Stage) in Accounting and Finance
Institute of Chartered Accountants of Pakistan - Lahore
Chartered Accountant (Final Stage)
Masters of Commerce
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