Finance Manager
Ghantoot Plastic Industries
Total years of experience :32 years, 3 Months
Financial Analysis& Reporting at (Group Level)
Performance Measures
Cash flow Management
Independent Finalization of Account till Balance Sheet Level Budgeting & Forecasting
Accounts Payable/Receivable
Internal & External Auditing & Internal Controls
WPS and Payroll Management
MS Office Corporate Reporting
Banking Relationship/Trade Finance
Dec Easy & Tally ERP 9, SAP Fico
Vat Return with FTA
Knowledge of Import/Export
• Prepare the company's P&L account and Balance Sheet on monthly on IFRS basis. Conducted Reconciliation of the company's operational Bank Accounts, Payroll, Inventory, Inter Divisions, Suppliers and Debtors, etc.
• Monitor the system of purchases and payment to the suppliers.
• Monitor and regulate the working capital requirements of the company.
• Leads & supervise the company's overall budgeting process.
• Conduct Cash flow projections according to the business operations &development.
• Enhance the company's ability to increasing the efficiency and profitability
• Reduced Organizational risk through comprehensive changes to each department ensuring maximum accuracy and quality.
• Prepare Analysis of the monthly Projected Sales versus the actual.
• Liaison with the operational banks for facilitating outward remittances to vendors and preparing L/C Opening & Documentation.
• Conduct Analysis of credit proposals to New & Valuable Customers.
• Independently handle the correspondence with the External Auditing company
• Prepare Pre- shipment costing of Different Products on the basis of new customers' enquiry.Implements activity based costing, analysis of budget variance versus the actual results.
• Introduce and implement proper costing systems and procedure for the company to ascertain the unit cost for each job and for the total monthly production.WPS and Payroll management and look into other HR work also depend upon requirement.
• Identified areas for cost reduction, implemented cost controls & developed cost reduction strategy. Monitor production wastage and report it on a timely basis for efficiency & productivity
Identify slack items and arrange their disposal at a fair market value and advise the management accordingly.
• Register new accounts for prospective Customers in accordance with the Company's credit policy by investigating their credit- worthiness through examining the customer financial statements to determine their ability of repaying debts.
• Review monthly the nearby expiry contracts on the basis of their current financial & payment history.
• Examine extension of credit facility to customers based on their sales volume & payment history.
• Setting up credit and Discount note policies along with the coordination between the sales team & higher management approval. Arrange Weekly meetings with the recovery & sales teams to properly smooth the workflow for achieving the stated targets.
Prepare the company's P&L account and Balance Sheet on monthly on IFRS basis.
Conducted Reconciliation of the company's operational Bank Accounts, Payroll, Inventory, Inter Divisions, Suppliers and Debtors, etc.
Monitor the system of purchases and payment to the suppliers.
Monitor and regulate the working capital requirements of the company.
Leads & supervise the company's overall budgeting process.
Conduct Cash flow projections according to the business operations &development.
Enhance the company's ability to increasing the efficiency and profitability
Reduced Organizational risk through comprehensive changes to each department ensuring maximum accuracy and quality.
Prepare Analysis of the monthly Projected Sales versus the actual.
Liaison with the operational banks for facilitating outward remittances to vendors and preparing L/C Opening & Documentation.
Conduct Analysis of credit proposals to New & Valuable Customers.
Independently handle the correspondence with the External Auditing company
Prepare Pre- shipment costing of Different Products on the basis of new customers' enquiry.
Implements activity based costing, analysis of budget variance versus the actual results.
Introduce and implement proper costing systems and procedure for the company to ascertain the unit cost for each job and for the total monthly production.
Assess the viability of accepting customer orders based on the availability of production items, required labour and machinery in order to report back the idle cost status to the senior Management
Identified areas for cost reduction, implemented cost controls & developed cost reduction strategy.
Monitor production wastage and report it on a timely basis for efficiency & productivity
Improvement Keeping track of various Inventory items, apply re-evaluation and reports.
Identify slack items and arrange their disposal at a fair market value and advise the management accordingly.
Register new accounts for prospective Customers in accordance with the Company's credit policy by investigating their credit- worthiness through examining the customer financial statements to determine their ability of repaying debts.
Review monthly the nearby expiry contracts on the basis of their current financial & payment history.
Examine extension of credit facility to customers based on their sales volume & payment history.
Setting up credit and Discount note policies along with the coordination between the sales team & higher management approval.
Arrange Weekly meetings with the recovery & sales teams to properly smooth the workflow for achieving the stated targets.
Maintains a Close contact with the accounts team to streamline & update the accounts and follow up with aged receivable outstanding.
Conduct Daily checking of recovery reports to keep a proper tracking of aged receivables
Prepare monthly progress reports for managerial review and decision making
Analysis of credit proposal for the New & Valuable Customers
Cost and accounts executive:
Appointed to be in charge for the accounting activities and handling the same independently, besides weekly reporting of the complete unit activity to the Director.
Successfully managed a team of four subordinates and got reports directly on a daily basis on the assigned duties
Costing officer:
Reported to the Company Secretary responsible for finalization of monthly costing with additional responsibility of inventory management.
Supervised two accounting professionals in the department.
Performed banks audits of SBI,