Assistant Manager Finance
First Allied Trading Es
مجموع سنوات الخبرة :9 years, 1 أشهر
Currently, I am working as Assistant Manager Finance in the First Allied Pakistan Office, we established finance department in Pakistan due to cost benefit analysis and I am solely responsible for establishing and reporting to KSA management by handling a team of 4 to 5 junior and senior accountants we are using online software zoho books accessible from anywhere;
Defined and implemented COA (charts of accounts) in the organization.
Preparation of Financial Statements for the very first time (Income Statement and Balance Sheet) for the last 5 years for the year-end audit in accordance with IAS and IFRS applicable within the country.
Later on, took initiative for the preparation of monthly financial statement for management decision.
Conducted detailed Audit of Accounting information and transactions for the last 5 years along with current accounting period to ensure the data integrity in all financial reporting.
Fixed assets management by tagging the assets and by maintaining fixed asset schedule to ensure these are properly accounted for into the books.
Designed and implemented internal control systems specifically for sales, purchases, operations, debt collection, cash handling and receivable payable and complete documentations of every single activity and subsequently monitored.
Dealing with day-to-day banking operations
Receivables and Payables management of the company and monitor accounts to ensure these are up to date
Inventory Management by monthly stock taking and ensure NRV test annually.
Preparation and updating of prepayment and accruals schedules to ensure all related provisions are accounted for.
Investigate various material transactions like related party transactions and transactions with huge amounts and implement a system of accountability for related party transactions
Implement cash system which helps on cash base transactions to collect cash from sales team through secure and authoritative system to mitigate chances of delay in deposit, use of undeposited funds, theft and fraud.
Responsible for Reconciliation of Foreign supplier accounts, Prepare the Foreign payment schedule and co-ordinate with Bank and issue the payments on time.
Perform analytical procedures and Financial Analyses for the purpose of budgeting and forecasting, Prepare Budgeted & forecasted income statement on monthly basis, after keen financial analyses.
Well aware of VAT and its implementation in business.
Prepared and recorded asset, liability, revenue, and expenses entries by compiling and analyzing account information for Financial Statements.
Implement Sales System which Specific to track Receivables on daily, weekly, and monthly basis. And Direct Supervision of Sales department to control sales, credits, & discounts.
Responsible for making daily wages expense directly attributable to cost of sales and calculation and verification of overtime if any
Receivable management receivable aging, Bad debts provisions, authorization of early payments discounts
Responsible for Banks and other account Reconciliations on monthly Basis.
Implement inventory system and reconciliation of physical inventory of raw material and finished goods with records on monthly basis and investigate variance if any.
Prepare monthly financial reports and report to general manager to make analytical procedures as compare to other months for the purpose to improvement of operations.
Assisted HR Department for Payroll calculations, gratuity and leave salary schedules maintenance
Responsible for Preparing and Submitting Invoices to ANM (Riyadh New Mobility) Riyadh Metro after completion of contracts.
Managing Operating Cycle of the Company, Credit controls; maintain working capital, payable and receivable analysis.
Conducting market rate verification of purchases on test basis
Responsible to overview delivery of project partially of fully and confirmation document from customer and then submit invoices according to contractual and deliver project terms
Overview of project and physically visited sites to asses completion stage of contract to record revenue
Responsible for purchase of material from china and arrangement of complete logistics until reach to premises.
Liaison with internal auditor, internal departments for accounts related purposes. Also, dealing with external auditors for the preparation and provision of related documents to complete the year-end audit
