Middle East Area Cash and Treasury Executive
British American Tobacco Middle East
Total years of experience :7 years, 7 Months
June 2012 -Present British American Tobacco Middle East
Dubai, UAE
Middle East Area Cash and Treasury Executive
Currently working to manage the Treasury function for four Middle East entities, Manage cash forecasting process and ensure that monthly forecasting accuracy is within agreed standard.
• Manage payment proposals for supplier payments and fund transfers to the Middle East Area & North Africa and Operating Companies as per the payment schedule.
• Manage efficient working capital for all Middle East entities.
• Working with In House Cash Project Team ensuring effective implementation in Middle East entities.
• Assess risk/return trade-offs in guidelines e.g. Hedging etc.
• Analyzing the cash flow on daily/weekly basis and challenge the submission from different functions.
• Demonstrate the group treasury policy and ensuring its effectiveness in the Middle East Entity.
• Liaise with MENA finance team and ensure proper cash flow forecast (18 months rolling) is in place. Monthly analyze the forecast vs. Actual and provide the variance report to MENA region Finance team.
• Manage group-banking relationship with the banking and other counterparties under the guidance of the corporate treasurer including establishing new relationships and enhancing existing relationship.
• Develop good working relationship with GCC/Area Finance team ensuring proper flow of information, exchange of ideas and key learning to enhance accuracy of cash flow reporting as per deadlines.
• Come up with innovative and effective ideas in order to improve cash flow forecasting process.
• Effective working relationships with UK AP, Tax Dept. & various banks
June 2011 -June 2012 British American Tobacco Middle East
Dubai, UAE
Financial Accounting Executive
• Reviewing the financials of BATME (British American Tobacco Middle East)
• Ensuring effective controls are in place complying with company policies and procedures evident through clear internal and external audit reports
• Reviewing and analyzing the cash flow forecast and Treasury for BATME
.
• Support the optimization and improvement of systems.
• Work closely with audit teams during the audit process and to clear and clarify any audit issues.
• Working and supporting the Planning and Reporting team in different financial aspects.
• Play a lead Role in successful implementation of various Finance Projects.
• Build effective relationships with external parties including banks, insurance companies, and auditors to help achieve business objective
August 2010 -June 2011 Modern Pharmaceutical Co. Dubai, UAE
Business Analyst
Worked in Personal Healthcare and Beauty Care (PHBC) division of Modern Pharmaceutical Co. reporting directly to divisional manager.
• Core responsibility is to guide and support Sales and Marketing staff on certain financial issues.
• Working with sales and marketing team to draft marketing strategies by giving financial analysis for different brands and markets.
• Analyzing stock variations for different brands and suggesting cost analysis in drafting purchase orders.
• Analyzing month and year end divisional financial reports and giving feedback on some critical issues.
• Assisting in profitability of different brands and key account customers.
• Providing financial analysis on product pricing and assigning targets to salesmen.
• Assisting in financial aspects of any new product launch.
Oct 2008 - August 2010 Modern Pharmaceutical Co. Dubai, UAE
General Accountant
For four decades, Modern Pharmaceutical Company has been an active partner in the advancement of healthcare in the UAE. Modern Pharmaceutical Company, as an Exclusive Agent and Distributor, is engaged in Importing, Distributing as well as Marketing (optional) of Pharmaceuticals, Medical Equipment, Laboratory Reagents, Skin & Beauty Care Products, Home Monitoring Devices, and Dietary Supplements. While reporting to Chief Accountant and Finance Manager my responsibilities included
• Ensures timely and accurate preparation of financial and management reports, in compliance with quality, standards, and objectives specified by Corporate Office
• Defining Credit limits to different customers and handling accounts receivables accounts.
• Preparing reports for Sales forecast, cost analysis, variance analysis, presenting them to different divisional heads.
• Analyzing trends and forecasts and work closely with the operations team to advice the business on how to improve profitability.
• Keeping a strong check on Monthly Exchange loss/gain, forward cover, analyzing the accounts in accordance with IAS 21 (The Effects of Changes in Foreign Exchange Rates)
• Working on Monthly budgets for all 4 divisions, passing any adjustment entries for profit and loss, cost, and sales figure adjustments.
• Liquidating Service Center Cost to different profit centers at the end of the month.
• Presenting divisional, product and material sales margin report, discussed in monthly management meeting.
• Preparation of Monthly Management Accounts including preparation of Income statement and Balance Sheet.
• Handling accounts payable and accounts receivables on SAP accounting system. Presenting different MIS reports for both.
• Preparing vendor reconciliation reports plus solving discrepancies in vendor invoices.
• Handling Insurance related issues, third party and group insurance.
Nov 2007 - Jun 2008 HLB IJAZ Tabussum & Co., Lahore, Pakistan
Audit and Account Trainee
Mr. Muhammad Aslam Tabussum (FCA) established HLB IJAZ TABUSSUM & CO. in early 70's as a firm of chartered accountants at Lahore with the prime object of rendering the services in the area of Finance and Accounts to the domestic market. While reporting Senior Auditor my responsibilities were as follows.
• Assisted in the accounts and audit of different Government Institutes, Public and Private Limited Companies
• Analyzing the accounts receivable listing or individual balances may be inaccurate, checking bad debts write-offs.
• Reconciliation of accounts receivable and payable balances.
• Helping in preparation of planning and strategy documents for audit engagements.
• Presenting risk analysis report to line manager and taking preventive actions to reduce risk.
• Analyzing Risk in different Government Institutions Public and Private Limited Companies
• Drafting reports to company management identifying weaknesses in the company's systems and controls and making recommendations for their improvement.
• Mainly handled budgeted cash flow report, stock taking, fixed assets register, and monthly sales report.
• Key responsibility also includes, ensuring audit activities were carried out in a timely and efficient manner.
Dec 2006 - Oct 2007 Telenor, Lahore, Pakistan.
Customer Relationship Officer/ Trainer
Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh. Telenor Pakistan launched its operations in March 2005 as the single largest direct European investment in Pakistan. Reporting to Assistant Manager Customer Relations my responsibilities included.
• Dealing with different Corporate Clients, managing their accounts receivables on CRM.
• Worked with an organization to promote customer care dealing with AVAYA software.
• Prime responsibilities were to bringing maximum no. of customers on Telenor Pakistan platform.
• Assisted Corporate Customers to resolve their queries.
• Followed the Code of Business Conduct and Ethics and other related policies, maintaining ethical behavior at all times.
• Maintained a position of trust and responsibility by keeping all customer business confidential.
• Assisted in CS trainings in CRD (Customer Relation Department) of Telenor Pakistan.
June 2006 - Dec 2006 Amtech Int. (Pvt) Limited, Lahore, Pakistan
Accounts Executive
Amtech PVT Limited company is one of the leading Alarm, Tracking & Monitoring Devices, Vehicle Tracking Service Provider and home Supplies Company in Pakistan. They have been operating in all major cities of Pakistan. I was reportable to Chief Accountant and my responsibilities included
• Established and maintained relationships within business partners and their key customer accounts.
• Reviewing credit policies for customers.
• Maintaining assets record, the company was protecting assets including vehicles, for both individual and a myriad of corporate clients
• Reviewing depreciation policies for fixed assets.
Academic Achievements/ Others
* Strong Excel skills/data manipulation capability.
* Letter of Appreciation" from Principal of SKANS.
* Holding Valid UAE driving License.
* Employee of the month in ALT SOURCE.
* Quality Gold award from Customer Relation Department Telenor Pakistan.
Leadership / Team Work
* Assisted and performed as a "Team Leader" of 12 Customer Relation Officers (CRO)
* Being College captain, twice led house to Championship Trophies
* Captained both College Table Tennis and Cricket teams.
Qualification Institution Year Association of Certified Chartered Accountants (ACCA) Center of Financial Excellence (CFE) (Lahore, Pakistan) 2009
B Sc. Honors Applied Accounting Oxford Brookes University (United Kingdom) 2009
Certified Accounting Technician (CAT) SKANS School of Accounting (Lahore, Pakistan) 2004
GCE O'levels University College Lahore (UCL) (Lahore, Pakistan) 2002