Haneef SIDDIQ

Leading financial and accounting teams of 10 accountants and provide various accounting reports like budgets financial statements AP AR Inventory Management Gls Reconciliations Tax preparation
Ensuring compliance with Accounting Standards and statutory regulations

 Finalize production closing every month by checking the status of all production work orders completion &Prepare Variance Report
 Preparation and Posting Monthly Accruals, Provisions, Accumulated depreciation, Prepaid Amortization, Payroll, Sales Commission, Bad Debts, Inventory Slow moving Inventories report
 Conducting & arranging weekly, monthly, and annual physical stock count of sales vans, sales depots, factory warehouses, and showrooms and fix discrepancies
 Monitoring and verifying the team activities AP/GL/FA/Inv.&MFG
 Prepare daily bank position and plan the payment disbursement accordingly based on funds availability & Petty Cash Management
 Proficiently deals with the suppliers on daily basis and arrange their payments on time as per the payment terms and keenly investigate the government services-related payments during the month
 Keep full control over credit customer master creation by analysing the customers CFA’s (Customer Facility Agreements)
 Conduct weekly and fortnightly meetings with the sales team to review and follow up for the collection of credit customers and customer reconciliation-related matters
 Deals with the trade financing for import of raw material, packing material, and fixed assets
 Monitor monthly reconciliation of GL balances with related modules i.e. AR, AP, Inventory, and Fixed Assets
 Prepare monthly reconciliations of Intercompany and incorporate the necessary transactions into the system
 Verify monthly payroll by preparing a payroll reconciliation report, arranging funds in the bank account, and managing the payroll disbursement
 Deals with the Internal&External auditor’s assignments every quarter and arranges all information to full fill their requirements
 Preparation of monthly reports for Group Head Office which includes inventory aging, receivable aging analysis, banking reports, Group reporting package and must-win battle

Develop and maintain cost accounting systems, processes, and procedures to ensure accurate and timely cost information for the production process  Analyse manufacturing costs and variances, and recommend corrective actions to ensure profitability and cost control  Prepare monthly, quarterly, and annual cost reports and provide variance analysis to management  Monitor inventory levels and perform regular physical inventory counts to ensure accuracy  Work closely with production and procurement teams to ensure accurate and timely cost estimates for new products and projects  Collaborate with the finance team to prepare the annual budget and forecasting process  Evaluate production efficiencies and make recommendations for improvements to reduce costs and increase productivity  Ensure compliance with accounting and regulatory requirements, including GAAP and IFRS standards  Analyse and report on production costs by product, customer, and region  Support the month-end close process by ensuring timely and accurate recording of manufacturing costs & stock valuation