Manager Accounting And Finance
Orion Group of Companies
مجموع سنوات الخبرة :12 years, 0 أشهر
Orion Group, consisting of Orion Constructions, Warble Constructions, Orion Builders, a Chaye Khana franchise (Hospitality Industry), and NCBA&E University Sub-campuses in Multan, Bahawalpur, Rahim Yar Khan, is engaged in various business activities such as constructing high-rise buildings, housing societies, shopping malls, and operating in the education and hospitality sectors.
Role and Responsibilities:
• Successfully implemented strategies to drive market growth, resulting in an impressive 35% increase in revenue,
• Effectively managed day to day operations of account department, leading to:
• 20% reduction in processing time, and
• 30% increase in productivity.
• Developed and executed a robust five-year production plan:
• Projected 20% increase in production growth,
• Assisted in 25% improvement in production planning monitoring.
• Improved accounts receivables management including invoice verification, credit management, ledgers reconciliation, aging reports, effective recovery procedures to reduce bad debt by 10%,
• Enhanced account payable management by verifying invoices, matching goods order and received, ledgers reconciliation, vendor management, generating aging reports to:
• Achieved 20% improvement in timely payments to vendors,
• Reduction in accounts payable by 15% by identifying wrong or goods delivered without order.
• Enhancing inventory management, implanting controls and classifying inventory according to value, type, turnover rate, adequate storage, resulting in reduction of:
• 30% duplicate or wrong purchase of inventory,
• 10% holding cost of inventory.
• Conducted a thorough financial audit to identify the discrepancies within the accounting record:
• Uncovering instances of double entries that led to subsequent adjustment of approximately PKR 300 million resulting in improved accuracy and reliability of financial data and planning.
• Effectively spearheaded the team in the successful implementation of the new Enterprise Resource Planning (ERP) system across the organization.
• Conducted a comprehensive internal audit aimed at identifying existing shortcomings within the current ERP infrastructure.
• Skillfully conducted an internal audit, unearthing a substantial fraudulent activity perpetrated by former members of the accounts team.
An accountancy firm providing small businesses with expert financial services, including accountancy, internal audit, costing, recruitment, and staff training, ensuring holistic support for their financial success.
• Textile manufacturing,
• Textile trading,
• Software house,
• IT engineering companies,
• Hospitality industry,
• Advertising firms.
Role and Responsibilities:
• Conducted business process workshops to outline client procedures and processes,
• Reconciled general ledgers, placed internal controls over cash management, accounts payable and receivables, inventory management to increase the accuracy up to 50%,
• Defined Key Performance Indicators (KPIs) to track client progress:
• Achieved up to 50% departmental efficiency,
• Reduced costs by 30% on average.
• Provided ongoing support and guidance for sustainable business growth,
• Achieved an average revenue increase of 30%,
• Reduced bad debts by 20%.
• Completed missing record and reconciliation process for each client,
• Identified and proposed PKR 1.5 billion worth business plans,
• Introduced new SOPs to reduce operational workload and time-bound by 20%.
• Overview the preparation and analysis of financial statement that resulted in 35% reduction in reporting errors.
• Led the budgeting process, with collaboration of other departmental heads to:
• Achieved 35% increase in accuracy of forecasting.
• Implemented risk management frameworks, introducing controls to mitigate financial risks, resulting in 25% reduction in risk exposure.
• Improved accounts receivables management including invoice verification, credit management, effective recovery procedures to reduce bad debt by 30%,
• Enhanced account payable management by verifying invoices, matching goods order and received, ledger reconciliation, vendor management, generating aging reports to:
• Achieve 35% improvement in timely payments to vendors,
• Reduction in accounts payable by 15% by identifying wrong or goods delivered without order.
• Enhancing inventory management, implanting controls and classifying inventory according to value, type, turnover rate, adequate storage, resulting in reduction of:
• 30% duplicate or wrong purchase of inventory,
• 10% holding or wastage cost.
• Conducted financial and cost audits for clients, that:
• Identified fraudulent activities up to PKR 40 Million,
• Reduced cost of production by 15% on average,
• 20% improved working capital cycle.
Regular meetings with top management or Board of Directors to present the findings on assigned tasks.
Colony Textile Mills Ltd is a renowned public sector textile company with an impressive annual turnover of 30 billion. It operates 8 spinning units in Multan and weaving unit in Lahore.
Role and Responsibilities:
• Managed daily finance ranging from PKR 5 Million to 80 Million,
• Prepared comprehensive aging reports for accounts receivables and payment, resulting in a 10% increase in payments and collections efficiency,
• Achieved a significant 10% improvement in financial forecasting accuracy, enhancing decision-making processes,
• Successfully reduced production wastage by 5% through the implementation of stringent control measures,
• Implemented robust financial controls, eliminating 20% of duplicate payment claims and ensuring accuracy in financial transactions,
• Developed a reliable system for recording and reporting local LCs establishment and discounting, increasing timely planning decision by 30%,
• Reduced production costs by 10% through effect defect reduction strategies,
• Optimized the inventory management system, resulting in a 5% increase in prompt reporting and improved inventory control,
• Designed pattern and reporting mechanism for procurement plan from local or international market that resulted in 20% increase in decision making,
• Conducted regular quarterly inspections and meetings with bank and insurance companies,
• Preparing forecasted monthly statements for banks, inventors,
• Kept record of transportation timing of all import and locally purchased raw material.
Bodystretch Ltd UK is a distinguished home textile manufacturer with global operations across UK, Pakistan, Bangladesh, Poland, Turkey and Bulgaria. With an impressive group turnover of approximately 23 Billion in PKR.
Role and Responsibilities:
• Preparing and presenting financial statement to board members in monthly, quarterly, annual meetings,
• Controlling cost of production by negotiating with vendors, introducing updated machinery to reduce cost of production by 10%.
• Ensured meticulous preparation of accurate financial statements with stringent timelines guaranteeing 95% compliance,
• Achieved a notable 20% improvement in financial forecasting accuracy,
• Successfully reduced bad debt by up to 10%, mitigating financial risk,
• Identified and capitalized on cost-saving opportunities, resulting in a substantial 15% increase in net profit margin,
• Spearheaded the development of an efficient reporting system that effectively saved 30% of labor and time resources,
• Maintained direct reporting responsibilities to the CEO and Chairman,
• Led the integration of a customized centralized ERP system, leading to 45% enhancement in operational efficiency while drastically reducing time wastage by 60%.