Tower Lead ATR / R2R
IFFCO GROUP OF COMPANIES
Total years of experience :16 years, 5 Months
IFFCO is one of the largest diversified group in UAE with a wide range of business in Oils & Fats; Consumer Goods - FMCG; Frozen Foods; Packaging; Logistics & Distribution and Spices & Commodities; having presence across the globe.
Career Progression:
• Tower Lead GL & Fixed Assets - Shared Service Center-SSC (Apr 2015 till date)
• Associate Manager Finance for Tiffany Foods Limited (Nov 2012 - Mar 2015)
• Associate Manager Internal Audit & Compliance (Aug 2008 - Oct 2012)
In IFFCO Group, I got opportunity to work in following profiles:
1) As a Tower Lead for GL & Fixed Assets for 40+ Business Units (Shared Service Center) including GCC countries (April 2015 till date):
No of direct and indirect reporting staff: 14
In this profile, i have performed following key tasks:
Managing and building team of 14 staff to handle 40+ Business Units;
Adhering and complying with predefine process design;
Review of Inter-company, inward, outward cash and bank reconciliations through Oracle;
Monitoring chart of account activities in SAP and Oracle;
Supervise preparation of monthly schedules through BlackLine (Reconciliation tool)
Review of overall Trial balance, processing monthly GL entries and releasing monthly financials through Hyperion;
Monitoring fixed assets capitalization through direct addition, Project Costing and accounts payable oracle module;
Monitoring disposal and transfer of fixed assets through Oracle;
Ensuring running depreciation, analyzing sub-ledger and closing of FA modules;
Preparing Audited Financial Statements for 23+ legal entities for External Auditors;
Liaising with external auditors and finalizing external Audits;
Preparing financial reports required by Senior Managements.
2) As an Associate Manager Finance for Tiffany Foods Limited: (Nov 2012 to Mar 2015):
No of reporting staff: 2
In this profile, i have performed following key tasks:
Release monthly financial review docket in Hyperion;
Ensuring timely payment of suppliers on their due dates;
Preparing cost comparison reports;
Product costing and deriving cost for NPD;
Monthly cycle count;
Inventory reports;
Preparing Variance Analysis and Inventory reports;
Preparing Working Capital, foreign exposure and Cash flow details;
Preparing monthly balance sheet schedules;
Ensuring smooth closure of all Oracle Modules at month end;
Ensure adherence of Corporate authority matrix;
Renewal of industrial license and ensuring smooth statutory audit within specified period; and
Preparing annual Overhead budget and budgeted balance sheet.
3) As an Associate Manager Internal Audit & Compliance (Aug 2008 to Oct 2012:
In this profile, i have performed following key tasks:
Reviewing of accounting and internal control systems of various units;
Assessment of control risks and test of controls;
Planning of the audit engagements, assessment of business and audit risks of units;
Reporting of audit findings and control weaknesses to senior management;
Assisting units in accounting and reporting matters;
Assisting the entities in assuring that all business units are in compliance with the company policies and procedures;
Review of MIS reports of various units; and
Develop audit programs; execute approved audit plans, preparation of internal audit reports and post audit follow up reports.
Engaged in major audits of IFFCO entities within UAE & Oversea include Oman, KSA, Kuwait, Pakistan, Egypt, Tunisia, Malaysia, Turkey and China.
Special Assignments:
During the course of my work, I have been engaged in the following functional areas of Group:
Consolidating Financial statements for the entire Group;
Reconciling Inter-Company balances;
Audit of Corporate Purchase;
Audit of Corporate Travel Expenses; and
Audit of Corporate Insurance (Medial & Life).
ERNST & YOUNG GLOBAL LIMITED
Dec 2005 to Jul 2008.
Worked with Ernst & Young Global Limited - Assurance and Advisory Business Services (AABS), as an Audit Senior
During my stay at E Y., I have performed following tasks:
Reviewing of accounting and internal control systems of various clients;
Assessment of control risks and test of controls;
Supervision of staff engaged in audit assignments;
Reporting of audit findings and control weaknesses to senior management;
Assisting clients in accounting and reporting matters;
Review of Working papers of audit staff; and
Using audit risk assessment and planning softwares “Case Ware” and other attached tools.
Preparing IFRS Financial statements for the clients.
Engaged in major audits of listed manufacturing companies, Financial institutions and Islamic insurance companies; following are the list of major clients:
Cherat Cement Limited;
First Habib Modaraba;
Bank Islami Pakistan Limited;
Taurus Securities Limited;
Pak-Kawait Takaful Company Limited;
Pak-Qatar Takaful Limited; and
Hewlett Packard Pakistan (Private) Limited.
ERNST & YOUNG (EY) - KSA (Riyadh)
From April-2007 to July-2007
Deputed to EY KSA office in Tax department.
(During the secondment, I have been involved in the preparation of various tax returns and review of tax returns of large-scale financial sector clients, manufacturing, trading and construction companies. Tasks included planning of the assignments, designing\tailoring review procedures, execution of the review and reporting and finalizing of tax returns.)
ERNST & YOUNG (EY) - Qatar (Doha)
From January-2008 to March 2008.
Deputed to EY Qatar office in Audit Assurance & Business Advisory Division.
(During the secondment, I have been involved in major external audits of various manufacturing, trading, food industry and concerns using E&Y’s advanced audit techniques, specialized audit soft wares & tools and firm’s Global Audit Methodology (GAM) and Case Ware audit tools. Tasks included planning of the assignments, designing\tailoring audit procedures, execution of the audits and completing the field work.
ERNST & YOUNG (EY) - Bahrain (Manama)
From May-2008 to June-2008.
Deputed to EY Bahrain office in Audit Assurance & Business Advisory Division.
(During the secondment, I have been involved in major external audits of trading, aviation industry and concerns using E&Y’s advanced audit techniques, specialized audit soft wares & tools and firm’s Global Audit Methodology (GAM) and Case Ware audit tools. Tasks included planning of the assignments, designing\tailoring audit procedures, execution of the audits and completing the field work.
Chartered Certified Accountant