Finance Controller
Rubber World Industry LLC
Total years of experience :15 years, 8 Months
• Contribute to the development of department policies, business processes and operating procedures for continuous improvement in pursuit of greater productivity. Personally involve to implement them wherever required.
• Develop and manage implementation of KPI and SLA.
• Defining Roles and Responsibilities Matrix for ERP users and recommend necessary changes to strengthen controls.
• Actively involve and advising Management in strategic decision making process. Performing advisory role for all cross functional departments;
• Preparing CAPEX and OPEX budget in coordination with relevant departments and monitoring implementation of approved budget to ensure effective controls over expenditures and to meet or exceed all performance objectives.
• Analyze product costs and production variances, monthly, at individual production order level and send the variance reports to the line managers concerned, for corrective action
• Timely closure of monthly pack of management accounts
• Financial management including monitoring payments, recoveries, payroll, funds/cash and inventory management;
• Authorizing all payments after verification of relevant documents as per company policies and procedures.
• Coordinate with the external auditors for the finalization of accounts within agreed deadlines; handling all queries pertaining to financial numbers.
• Emphasizing for automation in works and reporting.
• Supervised complete VAT implementation in the Company and Branches (UAE sector);
• Supervising VAT accounting and tax return filing;
• Handling and managing all affairs of Directors’ personal wealth/businesses/accounts.
• Guide PRO in company and directors’ personal legal matters.
• Review and monitor complete financial cycle (revenue PKR 33+ billion) and prepare Financial Statements including Costing for Management;
• Assist the annual audit process with the company’s external audit firm;
• Instructing finance team on Company’s accounting systems and policies in formal in-house trainings;
• Handling 130+ staff in finance department and conducting team performance reviews and providing formal feedback;
• Participate in cross functional team meetings to improve the operations; implement various automation in the process and reduce considerable workforce in process resulted in improving productivity by changing the operational process flow; involve in System (EBS) development through IT for effective operations;
• Conduct time study for process and calculate target pricing; analyze Costing - Job Order wise, Article wise and Customer Wise;
• Supervise Accounting Team and responsible to manage books of accounts
• Report to the CEO and CFO and promptly respond to all their inquiries;
• Seek ways to foster growth for my team and retain best talents in my team;
• Liaison with external auditors, banks and handling all banking matters;
• Oversee Tax Department activities including but not limited to quarterly sales tax return and annual income tax return;
• Prepare and submit different reports as per SECP and statutory requirements;
• Assist in MIMA Group financial planning;
• Submit Directors’ personal tax return.
• Capital expenditure budgeting with periodical controls, variance analysis and management reporting;
• Maintain electronic Fixed Assets register; Maintain Capital WIP and its follow-up and update status for its capitalization;
• Prepare plan for physical verification of Fixed Assets Register;
• Prepare schedule and record all monthly accruals, prepayment adjustments and depreciation entries for monthly reporting;
• Assist Head of Finance in preparation of Monthly, Quarterly and Annual Accounts;
• Coordinate and oversee interim and year end External Audit, review support for accuracy and completeness before providing to Auditor and hold daily meetings with them to discuss finding during audit process;
Gold Medalist
Awarded 2nd Position in Stage 2
PASSED WITH 1ST CLASS