MANAGER FINANCE
Wilhelmsen Ships Service ( Pvt) Limited- (July1-2009 to Present)
Total years of experience :26 years, 0 Months
Wilhelmsen Ships Service is the world's leading maritime services provider, with the capacity to service 2, 200 ports in 115 countries. Last year Wilhelmsen Ships Service made 208, 000 product deliveries to customer vessels and handled 53, 000 port calls.
As Finance Manager my responsibilities cover the following:
• Daily, weekly and monthly account analysis
• Preparation and submission of annual financial budget including CAPEX budget and MANPOWER budget.
• Entering final budget into UNIPLAN on annual basis.
• Responsible to Participate in AOP ( Annual Operating Plan) for the company and to monitor and report performance as per the AOP on quarterly basis.
• Budget comparison with actual monthly performance and investigation of variances
• Monthly / Annual accounting and Audit
• Preparation of feasibility reports to management
• Critical analysis of revenues and Expenses.
• Developing measures & procedures to effectively minimize expenses
• Management reporting on issues need immediate attention & procedural modification
• Preparation of monthly profit & loss account.
• Monthly Reporting to Regional office through “IFS” (International Financial Solutions) where data has to upload to reporting tool called BOFC ( Business Object Financial Consolidation). At upload, the BOFC prompts data errors that are to remove by removing controls mentioned by this stystem.
• Liaison with Tax authorities and external Auditors
• To oversea affairs with the regional office and to comply with their instructions on timely basis.
• Implementation of corporate policies in the organization
• Working capital management- Controlling over debtors and creditor. Fund management for vessels calling Karachi.
• Liaison with the General Manager and the Managing Director in handling affairs with Regional office.
• To overview taxation of the company.
Diamond Shipping Services (Pvt) Limited (DSS) is a subsidiary of Diamond Shipping Services LLC, UAE.( A leading company of Sharaf Group of companies of UAE). DSS is representing Cheng Lei Navigation Line of Taiwan in Pakistan as their agent.
At Diamond Shipping Services, as Manager Finance & Administration, my major job responsibilities comprised the following:
• Providing and interpreting financial information;
• Business modeling and forecasting;
• Monitoring performance and efficiency;
• Analyzing change and conducting risk assessment;
• Participating in strategic planning, and formulating long-term business plans;
• Researching and reporting on factors influencing business performance; Pricing and competitor analysis;
• Developing complex finance models;
• Assessing the financial implications of new or existing ventures;
• Conducting reviews and evaluations for cost-reduction opportunities;
• Preparing accounts and reconciling balance sheets;
• Prepare Budgets and master budgets & Overseeing budgetary control;
• Monitoring cash flow;
• Liaising with other members of the team and across the business;
• Supervising other staff.
• Liaising with Income Tax authorities.
• Coordination with External Auditors.
• Supervising & Preparation of Monthly financial reporting to CNC (Principal) and to Sharaf Group, Dubai.
• Authorization of payments in combination with another joint signatory.
• Fund placement to yield return on idle funds.
It is an NVOCC registered in Sharjah Free Zone (SAIF zone) UAE established in 2005 to work as a shipping line.
As Manager Finance my Major Responsibilities were:
• To review all functions related to fund management, including cash flows, debtors and creditors management.
• To prepare budgets, monitoring and analyzing of variances and adjustment thereof per the actual results for future expenditures.
• To deal with tax consultants for any matter related to double taxation treaty between Pakistan & Malta and between Pakistan & UAE.
• To review statement of accounts from Italian agent ( Marsano & Tirreno), From Valencia agent ( Universal Maritima), UAE agent ( Ravian Shipping) and Pakistani Agent ( Ami (Pvt) limited) and to accept or reject the unbudgeted costs.
• To authenticate administrative payments and general vouchers.
• To prepare financial statements and other routine reports required by the management for decision making.
• To work out break - even analysis and to set margin of safety.
• To analyze cash flow statements and to suggest improvements or to explain to the directors the reasons of any negative cash flows.
A shipping agency representing Norasia Containers Line limited and CSAV group of Chili in Pakistan.
Worked as Manager Finance and have designed shipping software with a powerful MIS reporting for management decisions.
My major job responsibilities were as follows:
• Reporting to the principal per their online software.
• Review of financial statements before passing on to the management and to pass comments on major comparative fluctuations and on various financial ratios.
• To manage fund in respect of debtors, creditors and bank position.
• To report the management for age old debtors and to set targets for respective recoveries of the age old debtors.
• To make weekly and monthly working capital reports for the management.
• To manage the security deposit obtained on import containers and refund or adjustment thereof.
• To maintain a fixed asset register of all the assets of the company.
• To review the unbudgeted cost and to match it with the respective revenue to present the adequate revenue reports.
• To coordinate for annual audit with the external auditors and to ensure proper disposal of queries raised by them, if any.
• To arrange funds for assets acquisition.
• To deal with tax matters related to taxation, remittances and principals.
• To monitor sales tax calculation and payment thereof to the government.
• To develop software for improved management information system.
• To attend meetings with the management to highlight and resolve special matters requiring specific consideration of the higher ups.
• To monitor bank reconciliation and other reports generated by staff .
PREMIER SOFTWARE (PVT) LIMITED IS A software house. Joined as Manager Accounts and catered the clients of the company in designing software for organizations and coordinated between the clients and the programmers of the software house in facilitating the understanding of the various critical software related accounting utilities.
Joined as an internal auditor. Introduced and implemented computerized inventory system in the store of spare parts of equipment. It enabled the management to control the leakages and to have a ready report of all spare parts, tools and equipment in stock. Therefore, dealt with various assignment related to internal audit and served the management to achieve controls on the lose areas of the group of companies.
My major responsibilities were:
• To develop a system for inventory and fixed assets of the company.
• To streamline the inventory of the tools and spare parts of the equipment and to introduce a standard operating procedure for inventory procurement, receipts storage and issuance.
• To ensure that the recorded inventory is kept physically in store or not. The amount is adequate and the inventory is not obsolete.
• There is no provision of misuse, theft or pilferage in the inventory and measures adopted are combination of preventive and /or detective nature.
• To monitor the lead time for critical items of inventory according to which the stock is being procured.
• To work on Combination of JIT system with other systems of inventory management to improve processing efficiency.
• To Report to management of any inconsistency as a result of the detailed audit procedures, applied during the conduct of internal auditing.
I AM CA FINALIST, I HAVE PASSED ALL 5 MODULES OF CHARTERED ACCOUNTANCY FROM A-E. GOT PERMANENT CREDIT IN "INFORMATION TECHNOLOGY MANAGEMENT AUDIT & CONTROL" MODULE F, Appearing in remaining 3 papers of Final Stage in June 2014. I DID MY ARTICLESHIP FROM EY Pakistan- CHARTERED ACCOUNTANTS.
I PASSED MY BACHELOR OF COMMERCE FROM UNIVERSITY OF KARACHI, PAKISTAN IN 1992.