Group Financial Controller
Midad Holding Company- a Subsidiary of Al-Fozan Holding Company
Total years of experience :21 years, 4 Months
o Review and submit Group Consolidated results to Shareholders Company on monthly basis
o Annual budget preparation for Holding and subsidiaries companies
o IFRS Conversion of Financials statements for group companies
o Monthly VAT return submission
o Monthly measuring financial performance of all companies against budget
o Assisting management with professional and independent reports
o Preparing Long term business plans for the organization
o Developing and ensuring Policies and Procedures
o Reviewing employees related benefits
o Reviewing monthly withholding tax returns & annual Zakat returns
o Coordination with banks for Online banking and updates
o Managing Letter of Credits, refinancing and letter of guarantees
o Identifying areas of cost cutting & improvement & advising the company directors
o Successful in achieving un-qualified Audit opinion of the group for last 7 years
• Perform general accounting functions, including operation of the general ledger system, journal entries, and month-end close work.
• Analysis of financial statements.
• Supervision of accounts payable and account receivables function by verifying, tracking and receipt and payments against invoices.
• Ensuring the accurate and timely processing of payment transactions.
• Preparing annual operational, capital budgets and periodic forecasts
• Managing procurement process for procurement of goods and services using Oracle Financials
• Funds/Budget Management
• Monthly review and reconciliation of Capex and Opex accruals
• Preparation and analysis of financial statements and supporting schedules.
• Recording of Project-wise schedules for control purpose
• Interaction with Project Control, Purchasing and Personnel Department for the finance related matters
• Fixed Asset booking at completion of projects and analyzing measurement books and completion certificates
• Preparation and Maintenance of Fixed Asset register
• Analysis and reconciliation of banking transactions
• Reconciliation of balances with sub sections, regions and other offices
• Checking and recording of payments to vendors & suppliers
• Reconciliation of accounts receivable and payables
• Coordination with external auditors for annual audit ensuring that they are supplied with information as required
• Experience in auditing, bookkeeping and consultancy covering multifaceted concerns ranging from both the Public and the Private sectors of the economy.
• Responsible for preparation and maintenance of books, records, financial statements and fixed assets records in both manual and automated environment and its onward submission to client. My experience in firm includes audit and consultancy of following companies:
-Hatter textile mills: Audit of financial statements
-Fauji cereals: Audit of financial statements
-Peshawar Electricity Supply Co: Audit of financial statements
-National Highway Authority: Consultancy Accounts reconciliation