Farooq Ahmed Malik

Routine Finance functional responsibility and ensure proper delivery of accounting function
• Plan, coordinate, work closely with finance teams within companies to ensure a smooth operation on day to day basis.
• Responsible for banking and funding operation for all group companies. Seeking out new funding sources to ensure that we have best funding sources available and funds for growth & programs.
• Oversee month end closing and group financial consolidations to monitor performance achievement and decision making.
• Established new policies and procedures for better internal control and ensure compliance..
• Responsible for ensuring external audits are conducted and finalising the audits for the group companies and resolve issues for finalization.
• Handle Zakat issues and other legal / compliance issues.
• Heading the central insurance department and managing insurance and risk
Proper working capital mgmt and financial decisions.
Strategic Support:
• Providing strategic support in terms of cascading the vision and mission of the organization to individual companies.
• Formulate Financial targets for the group and individual companies both short term and long term.
• Others
Strategic Reporting:
• Investment/ Project Analysis/Due diligence:
• Provide support to the CEO for Investment Analysis to ensure that they help in achieving the milestones already identified at the strategic level.
• Provide investment analysis decision support for various projects, joint ventures etc to the CEO.
• I have been deeply involved with financial due diligence in my current role for the group, for the purpose of potential M&A activity. Did Due diligence for all the group entities with the help of consultants.
• Responsible for communicating and finalization the business plan and budgeting within the group.
• Presentation to the board for their approval.
Others - conduct meetings, personnel reviews etc.

 To provide consulting services to the senior level finance management ( Finance Director, Controller etc ) of the company.
 Play an essential role in developing and evolving finance function within the company.
 Reorganizing the finance function for effective functioning for the achievement of overall objectives of the company.
 Detailed analysis of the operational environment of the company and developing business requirement plan, carrying out cost benefit analysis, basic blue print for an enterprise resource planning application, more importantly for finance and controlling aspects of the organization.
 Play an important part in developing effective and efficient control systems which will ensure day to day risk minimization.
 Develop and improve information and reporting standards within the company to ensure decision making are based on reliable, accurate information.
 Play important part in improving finance and information reporting systems with the help of IT and finance managers.
 Revise and improve the standard operating procedures and add to the present ones to reflect the changed working environment of the organization.

 Transferred to sales and marketing division to give and provide more strength to the management accounting and decision support process in the division with the aim of active involvement in the new reporting framework which was being developed and was to be implemented through out the whole division.
 Provide decision support to the Divisional Finance manager - sales and marketing and the at the same time involvement in the day to day decision making process in the division.
 Manage a team of accounting professionals (financial accountants, forecast analysts, management reporting accountants, ) within the division and manage the day to day responsibility with the help of this team.
 Manage finance and controlling function in the depots with the help of regional finance controllers. Provide active support to them.
 Overlook financial closing and ensure adherence to strict deadlines by geographically diverse accounting function within the region and ensure accuracy of financial statements.
 Reporting on the monthly Profit and Loss, ratio analysis, Overhead Analysis, Margin Analysis, and setting benchmarks for controlling costs and devolving them down to the regional benchmarks for benchmarking the costs at regional management level.
 Investment Appraisal and Investment Analysis for the division and reporting on the post Investment Anlaysis results.
 Budget preparation for the division and work with other managers to set the budget deadlines and ensure adherence to these deadlines by all.
 Mentoring and succession planning for various finance positions with the division.
 Guide and coach the sub ordinates for them to achieve their full potential so that they can achieve their carrier objectives.

 Managing team of cost and management accountants in corporate finance responsible for corporate planning & reporting and costing activities and variance analysis activities with the help other divisions (Farming, Operations and Sales and Marketing).
 Manage transfer pricing process with the help of divisional management.
 Reporting on group margin of the company, key figure report which are important part of senior management decision making.
 The management of the product profitability by analyzing the product profitability to the minutest of the details and the competitor analysis that helps to maintain the edge and leadership of our company in its industry.
 Coordinate budgeting activity with all the divisions and ensure all the budgets are set in SAP and ensure the accuracy of the same in SAP.
 Corporate investment Analysis and post investment analysis of various investments of the company.
 Demand forecasting and demand balancing.
 Managing monthly actual costing analysis and reporting of the same.
 Group Margin analysis and monthly reporting of the achievement of overall achievements against budgets and forecasts.
 Work closely with SAP support to further improve SAP functionality within company.
 Provide inputs to the decisions of the senior management of the company.
 I also play an important role in the benefit realization of SAP wherein we are reorganizing our business processes, and developing further functionalities in SAP and the reporting structure in SAP.

 Successfully developed and contributed in the implementation of actual costing part of SAP in the company which was a huge success as part of controlling and planning our costs within the company.
 Continuous support and mentoring and coaching of the subordinates to ensure there professional growth and are included in the succession planning of the organization

Managing the finance and controlling function in the region and supporting decision making process
Main tasks where:
The provision of relevant, timely and accurate information and advice to senior management in carrying out the decision making on various time scales.
Resource the regional office finance function.
Ensure that the regional activities are performed in compliance with the FIS policies and procedures.
Continuous review and improvement of the internal control systems within the region and quarterly review audit file related documents.
a. Oversee the preparation of daily, monthly, annual, and other periodic financial statements and reports.
b. Review of actual performance against budget with senior executives. Proactively involve during such reviews in order to help the region achieve its various targets.
c. Presentation of regional results at the executive meetings and monthly meetings.
d. Coordinate the annual audit. Ensures that accounting records and reports are in compliance with company and country regulations.
e. Active participation during the preparation and control of operational budgets.
f. Ensure effective financial internal controls for the Department and the Company. Continually evaluate established policies and procedures and advise to updates or modifies them as necessary.
Training and succession planning. Provide leadership to accounting personnel through effective objective setting, delegation, and communication.
Train, direct, and coordinate personnel.

Project handled
I was involved extensively with the development and implementation of extensive KPI system which became the backbone of the regional reporting framework.
Was also supporting for benefit realisation of SAP and was also involved improvements in the reporting capabilities of SAP for the organisation.
Was an integral part of re organising various business processes within the organisation.

 On Joining Almarai I was chosen a part of SAP project Team. During that period my responsibilities were working in the FI and CO module of SAP along with the Habit Consulting Group UK.
 I was part of business process re engineering which was part of SAP implementation and contributed towards simple, effective and efficient work process.
 Was responsible for configuration of SAP which take into account our business processes and finance processes and resolution of business and implementation issues.
 Was responsible for developing and testing and user acceptance testing of SAP.
 Was responsible for developing user training course for finance and controlling and some other closely related modules (Production, Material Management, sales and distribution).
 Played an important role in identification of common finance processes within divisions and putting them together within one team of finance team- Shared services which brought effectiveness within these work processes and brought tremendous savings of cost.
 Prepared standard operating procedures and set clarity of roles of v different persons and teams/ divisions for various areas of SAP for business, like Budgeting in SAP, Master Data creation - Material Master, Vendor Master, SKU and product Hierarchy Maintenance, Profit Cenre and Cost centre Maintenance, New SKU in SAP etc.

Responsible for the treasury function within the company.
 Maintenance of cash position and liquidity of the company and at the same time ensure optimum utilization of liquidity. Cash flow forecasting and cash flow analysis to ensure these objectives.
 Maintain and manage all the main corporate accounts and ensure maintain close relationship with the main banks of the company.
 Oversee bank reconciliations of the main accounts and ensure weekly bank reconciliations are done throughout all the branches and depots.
 Balance confirmations with other subsidiaries of the company.
 Financial management by options, swaps, forward contracts and management of loans with various banks.
 Manage foreign payments on time such as advertising and marketing costs and related tax issues.
 Maintenance of various balance sheet schedules.
 Close relation with our main auditors during annual audits.
 Day to day reporting duties to CFO and the Treasury Manager- Asia Pacific Region.
 Was also involved heavily in introduction of ABC costing system within the costing and management accounting system for identification and better control of cost drivers and related decision making to ensure better cost management.

I worked in the sales accounting at the branch level on my commencement of training and handled all the activities of sales accounting from basic ledger entries, claims, sales tax, C&FA reports, and departmental budgets, various provisions, debtor control management, insurance claims, accounts and financial closings at month ends etc.
 Worked in corporate banking team where I handled bank reconciliation of main accounts, cash flow projections, maintaining close relation with the banks, and maintenance of schedules for balance sheet for cash in hand, cash at bank, other deposits, icy loans etc.
 Worked with two member team for financialmanagement where I handled work which includes management of finances of company, through swaps, international loans, best options for cash deposits, ICD،¦s, investment appraisals, fund management.
 Worked on finalization of balance sheet & P&L account, and was also responsible for marinating the schedules for various items on balance sheet for audit purpose. The responsibility also includes to work or liaises with the external auditors and to coordinate with them during the yearly external audit.
 I worked with the costing & Management Accounting team, and handled day to day costing exercises, and management accounting work.
Played active role in finalizing yearly budgets for various activities and functions of the organization.
 Handled reporting to the parent company on monthly basis with various reports like sales flash reports, contribution reports, enterprise information reports, etc.
 I was also involved with the scope of FI_CO of SAP in which company was doing a scope analysis as I had gone through SAP training.
 I also was responsible for preparation of policies and procedures for various standard activities within the company, like internal controls of day to day activities within depots, credit management and control, salary preparation and salary accounting, Banking and Cash control.