Financial Analyst
FMCG Company
Total des années d'expérience :23 years, 11 Mois
As SAP Key User - CO / COPA Module, responsible for
Smooth closing of every month.
Generating P&L for each month on 1 A.M of 1st of every month.
Ensure smooth running of Material Ledger.
Ensure smooth co-ordination between other modules.
Check the authenticity & accuracy of the information from SAP.
Ensure accurate Product Costing both actual & Std from SAP.
Usage & Price Variance reports
Discuss Cost Centre report to each department heads.
Developed management reporting like branch wise P&L, brand wise P&L, Distribution Channel wise P&L and many management reports which helps management in Decision making.
Carried out a number of recurring and nonrecurring tasks including preparation of monthly management accounts, and annual financial accounts in accordance with IFRS.
Liaison with Internal & External Auditors .
Interact with Business Heads, Key Personnel (Mkt, Production etc) & Finance Manager concerning financial forecast, budgets & reports.
Establishment of budgets and their variances analysis.
Checking the accuracy of recipes.
In consultation of PP guys, proposed new recipes to minimize product cost.
Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.
Key Achievements:
Be a part of SAP implementation team as CO/ COPA Key User for NFIC and provide support to SAP Team system study, Chart of Account, Cost Center, SKF, Activities, Distribution Cycles, Assessment Cycles and Value field structures etc.
Valuable inputs in developing many management reports in Business Intelligence - BI.
Ensure the authenticity and accuracy of SAP generated reports through various manual reconciliations.
Developed new MIS for Top management.
Preparation of Financial Modelling, Project Appraisals, Feasibilities for different projects to ensure that the venture is viable and contributes towards the achievement of A 9 goals. It includes PEST Factors, SWOT analysis, Benchmarking, Competitors Analysis. Calculations of cash flows & working capital requirement for the project over its life and analysis project viability through commonly used techniques like IRR, DCF, NPV, Payback periods, financial ratios etc.
Major projects include:
Set Up of new Manufacturing Unit.
Replacement of WAPDA Electricity with Gas Generators.
Peroxide Project.
Corporate Dairy Farming
LPG Project
Frozen Vegetables.
Degreasing Project.
Be a part of management team for various due diligence of
Fertilizer Plant.
Phosphate Fertilizer Plant.
Cement Plant.
Evaluate overseas investment opportunities - Uzbekistan, Vietnam, and Kazakhstan.
Be part of team for raising funds overseas amounting US $ 300 Million.
Initiate various BMRs, their execution and monitor their returns.
Establishment of budgets and their variances analysis.
Coordination of periodic audits and other statutory compliance.
Interact with Business Heads, Key Personnel (Mkt, Production etc) & CFO concerning financial forecast, budgets & reports.
Measuring Key Performance Indicators (KPIs) to highlight the areas of strengths & weaknesses.
Implementation of aggressive performance linked technique ‘Balance Score Cards’.
Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.
Completed the 3 years mandatory professional training requirements as prescribed by the the Institute of Chartered Accountants of Pakistan. Responsible for planning, analysis and performing annual, interim and other statutory audits and compiling financial statements in agreement with the IAS and regulatory framework.
A comprehensive multi sector portfolio provided an all round opportunity to perform at junior, semi senior, senior and supervisory position. A brief overview of the portfolio is given hereunder.
• Banks & Financial Institutions.
• Textile Manufacturing
• Food & Allied
• Insurance
• Auto Engineering & Allied
• Cement
• Vanaspati Ghee & Edible Oil
• Sugar & Distillery
In addition to audit assignments:
Prepared financial projections and feasibility reports of clients for onward submission to financial institutions for sanctioning of loans and finances.
Documented, made assessments and suggested improvements in internal control systems of various manufacturing concerns.
Provided tax consultancy services to various clients including preparation of returns, reply to notices from department and preparing grounds of appeals and representing the clients before Income Tax Authorities.
Provided consultancy to clients in relation to their queries / issues of sales tax and central excise duty.
Conducted special audits of sales tax under the provisions of the Sales Tax Act, 1990 of various concerns