Assistant Finance Manager
Atlantic Maritime Group FZE
Total years of experience :15 years, 11 Months
• Builds and maintains a corporate financial model that details the entire company’s operations and projects future performance.
• Prepares financial reports for internal use at the company by collecting, analyzing, formatting, and presenting information to Board of Directors (BOD) shareholders and other stakeholders.
• Liaison with Audit Committee to ensure the compliance of polices and procedures.
• Builds and manages financial databases by organizing and analyzing a wide range of data sources.
• Builds budgets, outlook and financial dashboard of the company performance.
• Recommends financing structures (debt and equity) and considers the company’s cost of capital
• Performs quantitative analysis of operational and financial data.
• Values the company’s assets by appraising their condition and useful life
• Performs ad hoc analysis for executives and BOD as required.
Supervise team of 7 accountants and finance officers to oversee AP, AR, & GL functions.
• Prepare and interpret financial statements, cashflow forecast, budget deviations and future economic plan to BOD.
• Responsible for identifying area for process improvement and proposing new streamline process for accounting team’s financial reporting to ensure compliance with IFRS and corporate requirements.
• Enhancing the coordination of Accounts and Finance with other departments, project sites, internal and external auditors and liaise closely with tax consultants for VAT compliance.
• Liaising with Banks for arrangement of project related facilities; including bank guarantees, LC, PDC discounting, LC Discounting etc.
• Mentor and guide junior teammates for upcoming challenges, developing their personal and professional competencies and sharing industry best practices.
• Provide support and advice to senior management regarding Liquidity related matters or issues.
Achievements:
• Reduced debtor days and receivable balance by 12 % despite an increase in revenue.
• Crafted and implemented internal control in the organization. Write a policy manual book for all the departments.
• Enhance the liquidity by improving working capital management.
Task Performed:
- Fund management (cash forecast), working capital management and CAPEX management for meeting business needs on a timely basis.
- Crafted business plans, budget and profitability of new projects with the coordination of other departments like PMO.
- Analyze financial/operational performance against budget and forecast, advised the management on business performance issues.
- Advised on a new project and on-going job by preparing cash flow forecasts, business plans and related OPEX/CAPEX decisions.
- Coordinated with project teams for raising of Progress bill and Payment Certificate based on work done and milestone achieved.
- Guided and coordinated with the team to do reconciliation of progress invoicing summaries, receivables, payables, inter-company accounts, cash, inventories, and banks.
- Upgraded Chart of Accounts and master data of customers, vendors and other parties;
- Refine Fixed Assets Register along with tagging of fixed assets.
Achievements:
• Managed forex risk in the offshore project.
• Accelerated loan portfolio with the bank.
• Collaborated with the marketing team to generate a project of $ 3 million.
• Maximized profitability by improving inventory and procurement system.
Task Performed:
- Coordinate with quantity surveyor (QS) for issuing Progress bill / Running bill based on work done.
- Preparation of (consolidated/Individual) financial statements of the company in accordance with International Financial Reporting Standards (IFRS).
- Coordinated and dealt with consultants, contractors and vendor regarding a financial matter, negotiating payment terms and other contractual obligation.
- Review and authorized the project invoices of subcontractor and overseeing the payment.
- Maintain project-related records of revenue and cost to determine the profitability and any variance in relation to the estimated cost.
- Streamlined the process of timely and accurate recording of all financial transactions, controlling and coordinate with accounts payable and accounts receivables sections
- regarding the reconciliation of their corresponding sub-ledgers.
- Assess forecasting of cash-flow, revenue/sale, expense, budgeting and working closely with the operations and project teams in examining/evaluating cost margins and variances.
- Coordinated with the bank regarding credit lines, guarantees, bonds and letter of credit.
Task Performed:
- Headed and managed large teams through planning, execution and completion stages of assurance engagements and special assignments.
- Organized and oversee the audit of all the components of financial statements to assess its compliance with IFRS and other applicable local law and regulations.
- Coordinate with the client senior management, meeting the expectation from the engagement and I used my time management skills to meet deadlines.
- Evaluating compliance of client’s standard operating procedure and internal control and recommended for improvements if necessary.
- Directed and trained junior staff on auditing techniques and software.
- Planned and executed audits of various business areas using risk-based audit methodology.
Pearl Continental Hotel is a chain with fully owned Five Star Luxury Hotels
and resorts in Pakistan
Chartered Accountant
