Financial Controller
INTECH Process Automation
Total years of experience :18 years, 9 Months
Designation Chronology:
• Jun 2015- Present: Financial Controller
• Jan 2011- Jun 2015: Manager Finance & Account (Group)
• Oct 2007- Dec 2010: Management Accountant (Global)
Key Projects to Credit:
• Group Audit Completion on INTECH Holding Company
Highlights:
• Prepared INTECH Group budgets of USD 63 million
• Spearheaded INTECH Group 5 year strategic business planning (FY 2019- 20)
• Achieved USD 0.8 mil in cost savings through diligent management of tax payments in USA
• Implemented a high impact tax optimization strategy in Nigeria targeting USA 0.4 mil in annual cost savings
• Secured 20% increase in overdue collection; improved receivable write offs through development of credit policies, aggressive collection strategies and overall team leadership
• Accomplished the Corporate Consolidation of bringing all INTECH companies under one Holding Company in JAN 2015.
• Directed the INTECH Group audit exercise as a core component of organizational restructuring
• 2009- 2010: Nominated for Manager of the Year (MOY) award
Key Responsibilities:
Financial Management
• Directing strategic financial planning complementary to corporate objectives; monitoring performance against annual business goals to build a sustainable organizational structure.
• Spearheading the preparation of monthly/quarterly financial statements; reviewing accounting records to generate financial reports/analysis /regulatory reports as required by law or CFO/CEO.
• Developing financial forecasts and budgets; reviewing resource allocation towards projects to confirm CFO/CEO approvals, and compliance to financial limitations.
• Controlling tax, banking and fund management functions encompassing treasury management; managing cash positioning, borrowing, investment and associated reporting withi schedules.
• Utilizing expertise of Transfer Pricing regulations across multiple countries to drive planning/ coordination of fund repatriations; pursuing continuous enhancement in cash flow performance.
• Monitoring financial management systems; prioritizing consistent improvement in department productivity and cost control through evaluation/integration of new applications.
• Keeping abreast of revisions in regulations/legislations, in addition to local accounting and tax guidelines.
Accounting Administration
• Overseeing the execution of day-to-day accounting functions including AR/AP, account reconciliation and cash management in sync with internal financial/accounting procedures.
• Adhering to established deadlines for month end books closing activities; ensuring accuracy in provisions and accruals to confirm precision-focused cash flow management.
• Coordinating timely collection of AR through use of monthly reports and third party commitments; ensuring efficiency in billing, adjustments, reconciliations and collections.
• Collaborating with auditors to secure effective internal controls; supporting execution of tax audits by government authorities to aid risk mitigation and improved reliability of financial/system/operational controls.
Operational Leadership
• Mentoring a team of accounting and financial professionals to ensure self-sufficiency; organizing training and overseeing performance management to match best industry practices
• Liaising with the Management Steering Committee, CFO and CEO to support decision-making pertaining to financial/managerial reports and forecasts; participating in department meetings for resolution of escalating issues.
• Leading clients' needs assessments to identify and analyze potential service gaps; cultivating an environment focused on innovation and outstanding stakeholder relationship management.
Designation Chronology:
• Jan 2011- Jun 2015: Manager Finance & Account (Group)
• Oct 2007- Dec 2010: Management Accountant (Global)
Key Projects to Credit:
• Led the deployment of AX 2010; a complete ERP Solution
• Accomplished the implementation of Microsoft Dynamic AX 2009
Highlights:
• 2010- 2011: Recipient of Manager of the Year (MOY) award
• Prepared INTECH Group budgets of USD 75 million
• Spearheaded INTECH Group 5 year strategic business planning (FY 2019- 20)
• Achieved USD 0.5 mil in cost savings through diligent management of tax payments in USA
• Implemented a high impact tax optimization strategy in Nigeria targeting USA 0.4 mil in annual cost savings
• Secured 20% increase in overdue collection; improved receivable write offs through development of credit policies, aggressive collection strategies and overall team leadership
• Accomplished the Corporate Consolidation of bringing all INTECH companies under one Holding Company in JAN 2015.
• Directed the INTECH Group audit exercise as a core component of organizational restructuring
• 2009- 2010: Nominated for Manager of the Year (MOY) award
Key Responsibilities:
Financial Management
• Directing strategic financial planning complementary to corporate objectives; monitoring performance against annual business goals to build a sustainable organizational structure.
• Spearheading the preparation of monthly/quarterly financial statements; reviewing accounting records to generate financial reports/analysis /regulatory reports as required by law or CFO/CEO.
• Developing financial forecasts and budgets; reviewing resource allocation towards projects to confirm CFO/CEO approvals, and compliance to financial limitations.
• Controlling tax, banking and fund management functions encompassing treasury management; managing cash positioning, borrowing, investment and associated reporting withi schedules.
• Utilizing expertise of Transfer Pricing regulations across multiple countries to drive planning/ coordination of fund repatriations; pursuing continuous enhancement in cash flow performance.
• Monitoring financial management systems; prioritizing consistent improvement in department productivity and cost control through evaluation/integration of new applications.
• Keeping abreast of revisions in regulations/legislations, in addition to local accounting and tax guidelines.
Accounting Administration
• Overseeing the execution of day-to-day accounting functions including AR/AP, account reconciliation and cash management in sync with internal financial/accounting procedures.
• Adhering to established deadlines for month end books closing activities; ensuring accuracy in provisions and accruals to confirm precision-focused cash flow management.
• Coordinating timely collection of AR through use of monthly reports and third party commitments; ensuring efficiency in billing, adjustments, reconciliations and collections.
• Collaborating with auditors to secure effective internal controls; supporting execution of tax audits by government authorities to aid risk mitigation and improved reliability of financial/system/operational controls.
Operational Leadership
• Mentoring a team of accounting and financial professionals to ensure self-sufficiency; organizing training and overseeing performance management to match best industry practices
• Liaising with the Management Steering Committee, CFO and CEO to support decision-making pertaining to financial/managerial reports and forecasts; participating in department meetings for resolution of escalating issues.
• Leading clients' needs assessments to identify and analyze potential service gaps; cultivating an environment focused on innovation and outstanding stakeholder relationship management.
Key Responsibilities:
• Facilitated timely preparation of monthly group management accounts for all Group companies in sync with IAS & IFRS guidelines to support accuracy in reporting, P/L analysis and forecasting.
• Managed the group consolidation system with focus on leading continuous improvement in financial reporting, expense recording, interest costs, and taxation based activities.
• Assisted the preparation of consolidated group financial statements and interim reports under IFRS; contributed towards budgeting and forecasting process in order to support strategic/ operational financial planning.
• Led balance sheet and cash flow forecast modeling to accomplish reliable revenue projections, drive sales pipeline management, and accommodate well-researched business decisions.
• Maintained book closings within fixed deadlines; accomplished successful month end adjustment in books to support accurate preparation of financial statements respective to accounting periods.
• Served as head of the MS Dynamics AX of Financial Modules to enable effective cash flow handling, efficiency in financial operations, and assured regulatory compliance.
• Collaborated with Divisional Account Manager/Chief Accountant for the execution of annual audit; contributed towards swift resolution of prevailing issues to safeguard business stability.
• Reviewed client contracts/proposals to evaluate contractual commitments and pricing feasibility; conducted periodic overseas visits to gain close insights on territory performance, budget allocation and control compliance.
Key Responsibilities:
• Administered updates to the fixed assets schedules and controls including depreciation adjustments; led monthly book closing and consolidation of financial results.
• Prepared P&L reports for Technical & Processing departments; managed bank reconciliations, settlements, prepayment adjustments, and preparation of monthly with-holding tax statements to match regulatory requirements.
• Disbursed outstanding payments to local/foreign suppliers, managed cash reconciliations and verified invoice amounts; streamlined stock management, reconciliation, and write-off activities for damaged/obsolete goods.
• Provided integral support to external auditors as coordinator for annual audits; controlled employee advances and travel reports to fortify internal control framework and policy enforcement.
• Assessed client needs to present appropriate financing solutions and support; prioritized continuous value addition by participating in cross-functional activities and discussions.
Key Responsibilities:
• Prepared the Accounts Receivable reports to aid planning for retrieval of outstanding balances; managed aging of overdue accounts for prioritization of more critical accounts.
• Handed preparation of sales tax invoices and sales commissions to enhance accountability based on transaction details, meanwhile complying with company accounting policies/procedures.
• Spearheaded accounts reconciliation to confirm completion of information and no inconsistencies; identified and resolved issues/recurring problems to drive assurance of financial data.
• Oversaw Inland Letter of Credit Management (ILC) to streamline cash flow and business development; coordinated with banks/parties to settle LC related issues pertaining to documentation, discrepancies, acceptance, etc.
Previous Professional Experience
• Apr 2003- May 2004: Accounting Internee; Crescent Bahuman Limited (Pakistan)