Senior Manager Finance & Accounts
Mott MacDonald UK & MM Pakistan (Pvt) Ltd JV
Total years of experience :21 years, 3 Months
Successfully Financially Supervised a Design & Construction Contract Project having worth of PKR 67 billion comprising 65 Kilometer (KM) Carpeted Road, Three (3) Bus Depots buildings & multi-stories Commercial Plazas.
• Prepare and interpret Individual & Consolidated Financial Statements in compliances with IFRS.
• Successfully handled the full spectrum of Financial and Accounting Activities. Analytical review & Interpret the Company’s Financial Performance and Positon.
• Leading a team of 6-7 Personnel, providing coaching, mentoring, motivating and directing their activities.
• Processing Interim Payment Application (IPA) (Certified Work Done, Variations, Non-BOQ Items rates, Deductions, back charges) and Tax invoices and submittal for consultant’s payment certificate & client’s approval
• Ensure FIDIC Construction Contract Compliances related site insurances, Advance Guarantees, Retention Guarantees, Performance Bonds, and communicate with Project Manager in case of expiration/extension.
• Prepare and coordinate with all units to finalize Annual Budgets, Forecasts and Variance Analysis.
• Identify and report Significant and Unusual Variations / discrepancies and recommend corrective actions.
• Liaison with bankers for various facilities viz., Project Finance, Letter of Credit (L/C), Overdraft, Tender Bond & Performance Bond, Vehicle loans.
• Oversee WPS Payroll Processing, Computation of gratuity & end of service settlement to employees., and Co-ordinate with payroll agency towards WPS transfers of salary.
• Ensure all Supplier’s Invoices/Sub-Contractors bills are properly approved and paid after due diligence
• Oversee and Reconcile Accounts Receivable, Accounts Payables, Bank Reconciliations, Inventory, Fixed Assets, Scrutinize Ledger Accounts.
• Leading the Month-end and Year-end closing process. Preparing audit schedules, liaison with the auditors for successful completion of audits and financial reports
• Validation and submission of VAT Return, VAT Reporting & Supporting documents and records
• Analyze the Liquidity and Solvency to ensure that adequate funds are available when they fall due
• Exploring Cost-Reduction Opportunities. Developing and implementing effective Internal Controls to ensure financial transparency. Ensure Back Up of Accounting Systems/ ERP.
• Periodic financial statements (Income Statement and Balance Sheet)
• Ensure all Payments, supplier’s invoices, employees payments are properly approved and paid after due diligence,
• WPS Payroll Processing.
• Preparing Employee’s leaves and final settlement as per prevailing labor laws.
• Interact with company banking and financial partners.
• Handling routine queries on financial account.
• Conducting routine financial analysis of sales, margins and stock levels
• Interpret the company’s financial performance/financial positon to management on monthly basis.
• Expert with VAT/Tax: registering for VAT, filing a return for VAT, Documentation.
• Manage the Month-End/Year-End closing process, Preparation of Schedule and reconciliation of General Ledger, Review Accounts receivable and Accounts Payable, Supervising Bank Reconciliation, Fixed assets management, revenue recognition, Handling Accruals and Prepayments.
• Ensure various policies, procedures and internal controls exists over receiving and Issuing of inventory, physical access to inventory, Periodic inventory Count to insure that all inventories are properly recorded, reported, safeguarded and accounted for.
• Financial Planning, Budgeting, forecasting and variance analysis
• Develop projected cash flows, Tight budgetary controls
• Evaluate accounting reports to identify variances and their causes, highlights discrepancies, if any and recommendations for corrective actions
• Prepare monthly, Quarterly, Annual financial statements & Project Accounts in compliance with IFRS/IAS
• Ensure accuracy and completeness of cash and bank ledgers, which includes the updating of the ledgers based on collections, supplier payments, and posting of adjusting journals based on bank reconciliation.
• Prepares cash forecasts and monitors spending against the forecast.
• Works within cash limits to ensure overall payment is made within agreed plan.
• Reconciliations of ‘balances’ appearing in relevant GL account with subsidiary records, Schedules and Justifications. (i.e. tax liability, A/R, A/P. Accruals, Prepayments, Fixed Assets).
• Ensure that significant financial, managerial and operating information is accurate and reliable
• Draw financial and budget strategies plans for the company and follow up on its implementation.
• Timely submission of budget vs actual financial reports and analyze/explain any deviation.
• Evaluate and implement financial reporting systems, accounting and collection procedures as well as investment activities. Ensure Fixed assets an inventories are adequately safeguarded
• Ensure accurate and timely month-end and year-end closing activities.
• Supervise Calculation/ filing of VAT Return, Withholding tax statements.
• Coordination with tax consultants and lawyer (where necessary) with regards to ongoing tax notices, tax audits, tax forecasts, tax litigations and proceedings and other related compliances.
Financial Accounting, Taxation, Financial Reporting, Cost & Management Accounting, Risk Management & Auditing, Financial Management
Financial Accounting, Taxation, Financial Reporting, International Finance, Corporate Finance, Cost & Management Accounting, Risk Management & Auditing, Financial Management