Amjad Dilawer حسين

Financial Management, Budgeting, Forecasting, Costing
 Managing the finance department of the FMCG division by applying effective policies & procedures
 Evaluating and developing the financial management strategy with effective risk assessment as well as Risk mitigating strategies to achieve organizational objective
 Evaluating & preparing the investment proposals and feasibility studies for projects under consideration with Effective ROI & ROA, Payback period, NPV
 Financial planning, budgeting, and forecasting with optimum utilization of resources.
 Analyzing actual cost, CAPEX and historical data with the recommendation to efficiently manage cost in various business areas for strategic business development.
 Comprehensive financial analysis by applying various analysis approaches and ratio analysis.
 Benchmarking the financial and non-financial performance.

Funds / Treasury Management
 Planning & arrangement of Credit Facility in term of bank loan, Letter of Credit, bank guarantees, and overdraft
 Effectively managing the working capital & Treasury.

Management Reporting
 Analysis & Interpretation of financial statements for the top management
 Preparing the management reports for the board of directors & top management and reporting to Group CFO & CEO
 Management performance Reporting (MPR) with detailed analysis and commentary
 Improving the management information & Reporting system by upgrading the current system.

Financial Reporting & External Auditing
 Finalizing the individual & consolidated financial statements for statuary audit
 Liaising with the auditor and formulating various analysis and other requirements of external auditors.
 Participate in various internal audit reviews in the Group

Monthly closing and proper maintenance of accounting books
As Head of Finance Department, coordinating with the accounting Manager & accounting team to
 Ensure the Proper monthly closing with the recognition of all Accrual, prepayment, and all adjusting entries, and other closing requirements like bank reconciliation and inventories records updating etc.
 Ensure that day to day financial transactions are recognized in compliance with Group policies & procedures, & internal control systems.
 Ensure the timely processing of payroll with funds arrangement
Strategic Business Planning
 Assessment of Strategic position using Pestel model, Porter 5 forces, porter diamond model, lifecycle model, SWOT analysis
 Identification of strategic choices through Ansoff's matrix, etc. and there on evolution.
 Implementation of elected strategic choices

Worked as Head of the team for implementing IFRS across the Group and successfully did the project
 Upgrading the financial reporting system as per IFRS implication in KSA for the financial statement preparation & to recognize financial transactions
 Participate to improve the Group accounting policies and ensure their implementation to subsidies companies
Worked as head of Team for implementing VAT across Group and successfully did the project
 Evaluating and assessing Tax, VAT & Zakat computations in compliance with the law
 Ensures compliance with corporate directives, regulatory guidelines, and industry practices.
Contributing to sale pricing strategy, sale commission & promotions policies, & CRM

 Preparing the financial management policy & system to provide financial direction to business under the monitoring of Chief Financial Officer (CFO)
 Forecasting the key financial & other business performance indicators for a defined period with the coordination of Division Heads
 Analyzing current cash flows and predicting future trends & projections for cash flow management
 Preparing Yearly budget, Projections as well as CAPEX Planning with justifications of spending by the cooperation of the functional departmental head
 Oversee budgets and exercise controls to ensure expenditures do not exceed budgetary limits.
 Analyzing historical data & actual financial performance against approved Budget along with the investigation of the reasons for the variances and then accordingly reporting & advising significance matters to the top management for strategic decision making
 Performing the Project Costing in line with financial policies of the company, then Monitoring and controlling the cost of project activities
 Reports Preparation for top Management (monthly, quarterly, etc.) with financial highlights & performance evaluation of (companies & project) along showing the progress towards the company's goals
 Reporting to the parent company in the United States of America (USA) for the Subsidiary (EEC) under Group.

 Evaluation of financial statements & other accounting reports
 Preparing consolidation financial statements collecting data from Subsidiaries under Group in accordance with defined policies and applicable accounting standards under local GAAP.
 Finalizing financial statements, Trial Balance, & general ledgers for the yearly audit & Liaising with External Auditor for the statuary audit of Companies under Group
 Developing the effective and efficient internal control system to smoothly and effectively run the operations
 Providing the training to junior- and mid-level corporate accountants & coordinating with the team to provide an effective financial management service to the companies under Group.
 Working capital planning and arrangement
 Ensures that debtors are followed in line with the aging analysis to properly run the operating cycle.
 Ensures that discounts offer to customers & debtors are in line with the financial strategy

 An active role for the implementation of the new ERP system (Enterprise Resource Planning) in the Group.
 Maintain the chart of accounts & update it whenever needed.
 Participated & Contributed to Committees for Tender Bidding, Restructuring & Improvements System

 Preparing Financial Statements (Balance sheet, profit and loss Account, & Cash flow statement) with Meaningful & comprehensive financial Analysis)
 Ensures compliance with corporate directives, regulatory guidelines, generally accepted accounting principles, and industry practices.

 Budgeting & Forecasting Prepare annual budget for the company including profit & loss statement.
 Calculation & Analysis of key financial indicators using different techniques i.e. Ratio Analysis.
 Analysis of cash flow statement and explanation of variance with budgeted cash flows

 Funds Arrangement by properly handling working capital, & using the bank credit facility
 Processing Letter of Credit (LC) applications and communicating with the bank for further proceedings.



 Closing monthly accounts by Recording all Accrual (i.e. accrued salaries, accrued purchases, accrued Expenses, accrued sale commission, etc.), Prepayment, all adjusting entries at month-end
 Preparing Bank Reconciliations & supplier Account reconciliations
 Issuing Customer ledgers to sale Executive to get verification from customers at the end of each Month

 Forcing the collection from Debtors in accordance with the aging Analysis and contractual Terms.
 Weekly & monthly reporting of sales & collection.
 Reconciling the Sale Collection (cash and Tele receipts) with accounting records.
 Calculating sale commission as per defined commission policy of Company.
 Ensures that collection from debtor has been posted in the appropriate debtor accounts

 Monthly & weekly reporting of payables with aging analysis.
 Ensures purchases have been recognized in the appropriate accounts to update the creditors.
 payroll preparation by initiating computer processing & post payroll entries in the system

 Transactions Recording in ERP System:
 Prepare and record entries of transactions relevant to revenue, expenses asset, & liability, by compiling and analyzing information.
 Reconcile inventory in multiple warehouses and update in the system

AUDIT:
Conducted the internal & external audits of various clients with my Responsibilities as under:
 Audit planning, including preparation of audit strategy under the guidance of Audit Manager & Audit Partner
 Vouching and checking of internal controls of the organization by specified internal control procedures.
 Identifying the loose controls and suggesting recommendations
 Vouching & Scrutiny of various ledgers under the supervision of senior Auditor
 Physical verification of cash, security items, stock.
 Checking of fixed Assets registers and depreciation thereon
 Checking the insurance and verifying the details
 Verification of various P/L items & balance sheet items.
 Checking the applicability of the International accounting standards and applicable law & tax.
 Finalization of audit & preparation of management letters & audit reports



Bookkeeping & Preparation Of Accounts And Other Assignments
 in chartered accountant firm, worked at computerized & manual book-keeping,
 Reviewing various documents i.e. revenue, purchase expenses, and payroll documents
 Compiling and analyzing financial information to prepare general entries
 Preparation and finalization of Financial Statements
 Gained exposure in the practical application of Accounting Standards (IFRS) & advised the client best practices.

Key responsibilities were to

 Keep records of transactions and Make journal entries.
 Working for Fixed Assets Register
 Processing, calculating the payroll
 Bank reconciliations and Petty cash calculations & reporting to accounting Manager
 Working with accounts manager for the preparation of financial statements and reports