فاروق احمد رضا

Financial Manager في Tib Plastic Industries

• أبريل 2004 إلى مارس 2014

Financial Planning, Management & Budgetary Control:
- Managing the finance functions involving determining financial policies and procedures to facilitate internal financial control
- Formulating budget and conducting variance analysis to determine difference between projected & actual and implementing corrective actions.
- Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital requirement.
- Managing treasury function involving Forex management and optimum utilization of surplus fund in profitable investment to achieve higher returns and ensuring adequate liquidity position.
- Prepare, monitor and analyze quarterly forecast and yearly budget
- Carry out feasibility studies and prepare project report incorporating appropriate analysis e.g. cost benefit analysis, sensitivity analysis, break even analysis, ratio analysis etc. Assess Long term & short term working capital requirements and recommend future course of action to Management in order to safeguard new investments.
Accounts, Costing & Auditing:
- Administering maintenance of books of accounts, monthly, quarterly and annual closing and guide the team in preparing annual accounts in line with Accounting Standards.
- Monitoring Debtors for timely receipt through improved credit collection
- Monitoring Creditors for timely payment to avoid disruption in supply of raw material and allied services
- Monitoring the accounting for import and export transactions
- Fixed asset management and inventory control
- Payroll administration and processing
- Periodical analysis and scrutiny of expenses to control the cost
- Product costing and pricing
- Regular monitoring of in process material loss to check abnormal loss of the same
- Cash Flow management and proper distribution of funds in critical financial situations
- Preparation of Quarterly Reports for Financial Institution
- Examine and evaluate financial systems, management procedures and internal controls to ensure that records are accurate and controls are adequate to safeguard against fraud and misrepresentations.
- Liaise with external auditors, facilitate smooth conduct of audit and clarify auditor's queries