Salamat Raja

Manage all bookkeeping, accounting and reporting frameworks in the group and reporting the results to senior management. Look after Group Accounting operations to make sure accounting data is complete and accurate. Implement, Train the staff and lead for the Oracle ERP solution at group level and other information systems. Pursue and closely monitor day to day Opex & Capex and approvals. Appraisal of (New Steel Plant) investment and analysis. Capex & Opex spend analysis and compliance for the new projects. Audit, Controls and Spot checks regarding daily purchases (Including Capex for New Projects) verify End to End Process from Order, Delivery to Issue for Production and Sales. Responsible for the Profit & Loss account and balance sheet. Plan, organize and implement financial and administrative policies of the company to effectively run the day to day business. Prepare financial plans and budgets to guide the management to adopt rationale decisions making process in the light of financial feedback to achieve the financial goals. Manage the entire business units and assure that the lean process is followed. Manage the due diligence process and devise the internal controls strategy and procedures to exercise effective corporate governance.

Prime Objective is to organize and manage the finance function for KAF finance operations. Providing and interpreting financial information, monitoring performance and efficiency, analyzing change and conducting risk assessments. Participating in strategic planning, and formulating long-term business plans. Researching and reporting on factors influencing business performance. Conducting reviews and evaluations for cost-reduction opportunities. Ensure proper and healthy cash flow. Arrange finance requirements with banks and ensure timely settlements for the efficient Working Capital Management. Develop budgets and forecasts as well as recommendations to improve cash flows to have excess cash and be less dependent on banks.
Improve company profitability by reducing operating costs and finance charges. Make a big impact on reducing overall outstanding with our customers by improving collections. Suggest/implement ideas to improve the financial health of the company.

Preparing the Financial Statements and summaries and give commentary on the financial performance of the company. Reporting the tertiary periods and managing the financial performance to achieve the corporate objectives.

Ensure all documentation is maintained to the highest standards and compliant with the Supreme policies and Audit requirements. Implementation of IFRS across the BSU’s through simplifying the IFRS adoption approach and disseminate to Financial Accountants.

Implementing the systems and day to day operations of the Finance Function. Making Cost Benefit Analysis and Profitability analysis on various segments and products. Following the operating manuals and Finance Guide from corporate Group Controller’s department, assuring that the Standard procedures are met in conducting the normal business and that the Financial and Administrative policies devised from Global Head Quarter are adhered to. Assure that the proper control systems are in place and operational and financial risks are being managed. Running the Cost Control Reports and making operating cost analysis. Report the variances to management and reporting the financial performance through Financial Statements. Liaise with external auditors for the audit engagements and Corporate Tax matters. Follow the IFRS and Jotun Accounting Standards for the accounting treatment of various assets and liabilities. Look after the whole working capital needs of the business within the operating cycle i.e. Selling & Recovery, Purchasing & Payments, conversions Costs, Staff Costs. Etc. Preparing for the Board meetings at regional level. Reporting the financial figures and Key Performance Indicators (KPIs) using the Hyperion.

European Union financial directives compliance and Control of financial expenditure to meet the objectives economically. Assurance of the internal control systems effectiveness. Development of the yearly financial and physical budgets following Preparation of the Financial Statements for onwards reporting to the project management. Follow the Financing Agreement between Government of Pakistan and the European Union. Follow the EC council of ministers directives relating to the payments/disbursements and procurement procedures described in the operating manual for day to day operating of the project finances. Meet the tendering requirements for the procurement. Budget variance analysis and management reports. Looking after the bookkeeping functions and routine payments/disbursements after getting due approval from Director General/ Project Director. Reconciliations and other inventory control systems. Vehicle log books and control on vehicle usage and assurance that the vehicles are being used only for the project objectives. Making administrative arrangements on the visit of European Commission Head of Development and other EC delegates to the project intervention/target areas.

Ageing of debtors and creditors. Recognising the sales revenue and setting the Customers claims off. Looking after the transaction processing system. Looking- after the junior staff for the revenue recovery stream and banking. Assist the finance manager in preparation of the periodical financial statements for onward reporting to the company director. To look after the general ledger system and tally system for the assurance of control systems effectiveness. Conducting the annual stock take and fixed assets listing (Annual Audit) at projects of feed milling and Hatching systems. Inventory management systems and reports to banks for hypothecated goods for working capital finance. Correspond with the external entities relating to the company finances and other corporate matters.