Credit Controller
Gasco Engineering Pvt Ltd
Total years of experience :19 years, 9 Months
Participates in the preparation of various financial statements and reports.
Directs and participates in cost analyses and rate studies.
Prepares statements and reports of estimated future costs and revenues.
Secures revenue by verifying and posting receipts, resolving discrepancies.
Updates receivables by totalling unpaid invoices.
Verifies validity of account discrepancies by obtaining and investigating information from sites (ENI, OMV, Fatima fertilizers).
Protects organisation’s value by keeping information confidential.
Updates job knowledge by participating in educational opportunities.
Supervising payables by verifying documents.
Responsible for timely completion of internal & statutory audits.
Liaison with banks & handling all banking matters.
Review contracts /POs with suppliers, customers, freight forwarders etc and advise operations on the finance aspect if there are any anomalies with the deal confirmations or mismatch between sales & purchase.
Maintains accounting controls by preparing and recommending policies and procedures.
Reconciles financial discrepancies by collecting and analyzing account information
Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
Prepares business related analysis in such areas as expense performance, rate of return, depreciation, working capital, and investments.
Prepares consolidated forecasts and budgets and analyzes trends in revenue, expense, capital expenditures and other related areas.
Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
Responsible for daily cash management activities and monthly cash reporting, including preparing daily cash position, cash forecasting and ensure all payments are made on time.
Understand thoroughly the different sources of cash inflows and outflows of the company, prepare monthly, quarterly and annual cash forecast.
Review and establish LCs, TR, Term Loans and other short and mid - term fund arrangement from bank as per company’s requirements.
Manage facility utilization from different banks efficiently to minimize interest cost of the company.
Establish strong banking relation with relationship managers and their teams to ensure smooth movement of day to day transactions.
Review bank facility terms and conditions for the company and ensure they are in line with company’s requirements and policies. Maintain a list of bank covenants as per the facility sanction conditions and ensure company’s financials are in line with them.
Actively participate in negotiation with different banks on facility structure and pricing along with CFO.
Work in line with company’s MIS requirements and ensure treasury’s functions are updated to meet strict deadlines.
Establish Forex deals at best possible rates, book forward deals whenever required and keep track of the currency market movements.
Review, implement and monitor the electronic ways of doing banking offered by different banks from time to time.
Actively participate in annual budgeting process of the company and prepare annual budgeted cash flow.
Retirement of LC documents from banks.
POSITION:
Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Analyzing data collected and recording results
Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
Recording cost information for use in controlling expenditures
Analyzing audits of costs and preparing reports
Making estimates of new and proposed product costs
Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
Maintaining Cost Accounting System
Assisting in Month end close of the General Ledger
Conducts physical inventories and monitors cycle count program
Reconciles finished goods inventories
Preparation of : A) Statement of Cash flows
B) Statement of Expenses
C) Statement of unearned commission
D) Bank Reconciliation statement
Preparation of schedules to handle working of leased assets
Supervised Account Payables.
Preparation of monthly & annual Cost accounts.
Reporting Cost center -wise details of expenses and product wise profitability.
Preparation of Cost trend analysis for management.
Statutory audit co ordination
Internal audit coordination.
Assistance in preparation of future business plans/forecasts and annual budgets.
Independently managed day-to-day operations of billing for international and national corporate clients
Monitored reimbursement report on a periodic basis
Identified and recommended options for resolution of billing issues
Worked on Sales Tax.
Supervised receivables / credit management.
B.Com. 1st Div. Karachi University 1992 Inter B St Joseph's College 1988 Matric A+ Govt.S.M Public School 1986