Assistant Finance Manager
Labaiik
Total years of experience :12 years, 5 Months
Steering financial analysis and formulating detailed internal audit report and financial statements
Configured SAP FICO and Oracle R12 for new plants roll-out, ensured timely closure of monthly FICO Cycle, FICO reconciliation, preparation of Profitability Report to establish visibility of costs, margins, and regular monitoring
Reviewing and identifying the improvements to financial systems, controls, and processes to make the most effective financial management function, writing procedures and SAP User Guide for FICO Modules and Oracle R12
Prepare cost accounting, closing of months, consolidation, account reconciliations, variance analysis, margin analysis
Coordinate and conduct user acceptance tests and training in SAP FICO and Oracle R12
Provide daily functional and business support for SAP in the area of FICO Module, applying the local configuration on changing, fine-tuning on SAP settings, providing ongoing business support for the finance team
Working in CO-Cost Elements, Cost Centers, Internal Orders, Profit Centers, Chart of Accounts Maintenance
Company code set up as the business expands, bank and petty cash setup, Distribution, and Assessment, LSMW, Master data governance (GL Accounts, Accounting View of Customers, Vendors, and Assets, etc.)
Supervise the preparation and where necessary prepare accounts finalization, financial data, accounts receivable, accounts payable, financial inventory, cash flow statements, profit and loss statements, and balance sheets
Prepare audit schedules in time for submission to Internal & External Auditors
Assessing:
o Control general ledger postings & reconciliations, petty cash expenditure, cash forecasts, bank facilities, cost-cutting, VAT return filing, bank reconciliation, budgeting, fixed asset register, and monthly depreciation
o Daily payments, online transfers, funds management, LC operations, monthly billings, payroll (WPS), and checking short-term loan/TR and invoice discounting applications submitting to banks
Same work as in Labaiik
Same work as in Labaiik
EXTERNAL AUDITOR
Performed pre-audit activities i.e. client background checks (KOB), risk assessment procedures, policies regarding capital requirements, debt, VAT, equity, disposals, and acquisitions
Set audit strategy, audit methodology, audit planning, audit sampling, execution, reporting as per the International Auditing Standards
Plan, budget, organize and execute the entire audit job including identification of control risks & key risky areas
Prepare financial statements (standalone, combined and consolidated), management letters to highlight control weaknesses and process improvements, representation letter, audit reports, and review report
Compiled with SOPs’, internal controls, Companies Ordinance 1984, Income Tax Ordinance 2011, Sales Tax Act 1990, Labor and employments Laws, EOBI Act, ICAP Notifications and other local laws
INTERNAL AUDITOR
Obtained, analyzed and evaluated accounting documentation, previous reports, and financial data
Performed internal audit work as per internal control procedures as part of a risk-based internal audit plan
Prepared internal audit findings report and regularly interact and communicate with the management
Conducted follow up audits to monitor management’s interventions
IFA (UK) from Institute of Financial Accountants
CPA from Institute of Public Accountants
CA from ICAEW
UAECA from Accountants & Auditors Association
M.Com. from Higher Education Commission
ACCA (UK) from Association of Chartered Certified Accountants