Plant Financial Controller
Alsafwa Cement Company
Total years of experience :22 years, 0 Months
Overall leading the finance function of four telecommunication retailer companies. My job include :
To manage cash flow and financial risk of the companies
Overall lead the accounting team of the companies and manage the accounting operations including statutory financial reporting and zakat matters and VAT
To prepare Budget for the company and ensure budgetary controls on expenses.
To provide effectively and timely management reports to enhance the business decision making by making.
Overall leading the accounting and finance function of the AISCL . It is subsidiary of ZMS group and have travels and tours operation across Kingdom and is the sole GSA of Cathay Pacific airline for the whole Kingdom. My major responsibilities include;
• Cash management and managing financial risk in order to increase the company financial resources and cash flow of the business
• Overall responsible for financial planning and implement controls to improve company performance and introduce measures to optimize operational cost
• Lead the accounting team of the company and manage the accounting operation including statutory financial reporting and zakat matters
• Improve the business performance reporting and analysis to improve timely and effective decision making
• To enhance the company control environment and by designing and developing policies and procedures and ensure its implementation across the organization
Leading Costing, Fixed Asset, GL, Budgeting and Reporting team of Arabian Auto Agency Company Ltd (A leading traders of Engineering Equipment, Consumer product, Trucks& Buses in KSA). My job responsibilities include;
Budget &Reporting
• Preparation of Management Report for monthly board meeting which consist of;
o Performance by Department, by Division and by Branch, by Model, by segment and Performance by Franchise
o Sale and margin analysis by Products
o Fixed over heads analysis to identify areas for cost control
o KPI’S on Sales, Receivables and Inventory
o Sale analysis by terms/Aging
o Non financial KPI’s on Sales management
o Market shares and Competitions Analysis
o Participation in monthly performance meeting with department heads
• Design templates, preparation and consolidation of budget for the whole company
• Uploading of Budget on Oracle financial modules
• Developing Performance Report on Oracle ERP
Costing & inventory
• Review of cost allocation and cost analysis
• Review of costing of Buses& Sweepers assembled and of purchased Equipment’s
• Supervise that all internal jobs done have been charged to Inventory before sale
• Ensure that inventory has been timely and correctly valued as per IFRS
General Ledger and Fixed Assets
• Acted as audit coordinator for the financial audit of the company
• Supervise monthly closing and reconciliation of Financial Modules .i.e. inventory, sale etc.
• Review General ledger and approve general vouchers
• Supervise that Fixed Assets are approved, recorded and reported in the Fixed Assets Register
• Ongoing review of system, procedure and suggest improvement
Account Payable & Receivables
• Supervised Accounts payable teams on day to day routine local and foreign payments for follow up and approval.
• Worked on AP Module implementation, Design and modified ORACLE AP forms to capture MOH in more detail
• Supervised AR team on routine activities and do provide continuous assistance on AR reports and Recons.
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Achievement
• Developed teams, streamlines accounting and processes from a complete Mess
• Development of Complete Performance Report on Oracle for Directors and Board Meetings
• Uploaded the complete budget on Oracle modules first time in the company history
• Implemented ORACLE AP, AR, HR, Fixed Assets, GL Modules of A subsidiary company ATEC.
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Leading the Budgeting, Planning and Reporting section of LPC and responsible for the following tasks;
• Annual Budget preparation and monthly Rolling Forecasting for monitoring and control
• Co-ordination and Liaison with all Departments for inducing planning and control environment
• Industry benchmarking for identifying and highlighting key issues for management’s attention
• Investment appraisals for prospective CAPEX and Projects
• In-depth analysis of cost, revenue drivers and sensitivity analysis for aiding decision making
• In-depth analysis for various business and operational options available for improving profitability and competitive edge
• Monthly management reporting including Key Performance Indicators (financial and non financial )
• Hyperion Financial Management Solutions (HFM) usage for uploading Budgeted and Forecasted financial data on Head Quarters Server
• Oracle Application for Budget, Control and Analysis. Also, usage of allied tools of Discoverer, Assist Pack, Application Desktop Integrator for efficient work performance
• In place budget control at PO and PR levels
• Preparation of Group monthly performance reporting (Cement Division Package) includes:
monthly/quarterly/yearly P&L analysis against budget/ forecast with comments
monthly/quarterly/yearly analysis of cash flows/working capitals needs of the business along with comments
Analysis of the technical, cost, revenue KPI’s for actual/budget/forecast with comments.
Update on cost reduction commitments
• Preparation of reports for Regional Quarterly Business Review meetings
• Preparation of free cash flow and strict working capital days for local and regional management to monitor cash needs of the business
• To report and co ordinate with other functions of the business in planning and implementation of group program on cost reductions and development of new products ( Excellence 2010 program)
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Achievements;
• Group awarded the company on timely Grouping reporting and working capital management.
was Leading Costing Team with Pakistan Cement Company Ltd (a subsidiary of LAFARGE France).My Job Responsibilities includes:
Cost Accountant:
• Costing of purchased, owned and produced inventory and their reporting in ERP
• Co ordination with technical, operational, quality and supportive departments for Cost Control
• Cost Analysis ( including KPI, Budget Vs Cost analysis, per ton cost analysis) for cost control
• Scenario Analysis
• Feasibility Analysis
• Preparation of cost statements as per company laws of Pakistan and their timely submission to the security and exchange commission of Pakistan.
• Co -ordination with internal auditor, external and cost auditors
• Reporting costing KPI for performance measurements
• Co ordination with the budgeting and planning team for monthly reporting to corporate office at France
• Responsible for accuracy and recording of all the plant activities/transaction in general ledger by GL, AP team.
• Responsible for allocation and classification of all production costs
• Ensured that all transaction and events are treated according
to IFRS and Group policies.
Controlling:
• Ensure accuracy of daily production report and raw material reports
• Participation in stock counting and their adjustment in books
• Identification of area of improvement in internal control systems and ensure compliance with company policies
• Participation in monthly controlling meeting to resolve plant related costing & controlling issues
• Acted as liaison for finance, procurement and technical team
• Ensure proper internal controls and audit of expenses with contract and job sheets
• Compliance of the record with local and international laws.
• Inventory Systems Development and Controls (Company policies)
• Implementation ERP inventory module
• Ensure that cost sheets, ERP GL, ERP inventory, Production report are reconciled
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Achievements:
• Selected for training on technical reporting (MMP) in regional office Cairo, Egypt
• Selected for training on advance excel
• Developed SOP for inventory (i.e raw material, finish product) receipt and issue
• Developed SOP for costing
worked with Catholic Relief Services ( US based NGO have operation in more than 100 countries ) Islamabad as Partner Support /Country office Finance Officer. My job responsibilities included:
Partner support finance Officer
- Internal Control Assessment of the Partners NGO
- Capacity building of the finance staff of the partner organizations
- Verification of Partner NGO expenses
- Verification/monitoring of donations to partners NGO
- Preparation of Budget for donors and Partner NGO ‘s
- Preparation of Internal control reports for effective utilization of budget
- Annual Financial Reports for donors
- Preparing of financial reports for the Donors
- Preparation monthly and quarterly liquidation status report of the fund
- Advise and support program team on fund status and utilization
Country office Finance Officer
- Treasury management of the country office
- Arrangement for transfer of funds to sub offices and Partners NGO through cheque and wire transfer.
- Responsible for the review/recording of all receipts and payments of the head office in the system
- Recording transaction into the SUN system
- Generation of various reports from SUN system
- Actively participation in the monthly closing and reporting activities
- Preparation of bank reconciliation
- Deduction, preparation and submission of Tax Returns
- Maintaining record of the liquidation of advances to employees
I worked as an Audit Senior with KPMG in their assurance Department.The nature of my interaction and responsibilities
Included:
- Planning, supervising and handling ongoing audit assignments of listed, non listed companies and organization
- Developing audit Programs and overall audit plans for different audit assignments.
- Preparation and finalization of yearly accounts in accordance with statutory requirements and International Financial reporting standards (IFRS).
- Maintenance of Financial records both manually and in a computerized environment.
- Review of the internal controls enacted in the organizations, analysis of their adequacy and preparation of management reports highlighting system weaknesses.
- Review of the cost reports including cost estimates, cost sheet statements in the manufacturing industries both working in product and process environment.
- The expression of opinion on statutory regulation interpretation issues.
- Review of IT policies on disaster recovery plans, data security, back ups and software controls.
- Preparation of SWOT Analysis, PEST analysis Risk Analysis as per the requirements of KPMG audit procedures analyzing the organization in the context of the industry.
- Limited scope review relying on residual risk based analytical approach to express an opinion.
- Review of the Compliance of State Bank of Pakistan rules & regulation regarding Banks (i.e risk exposure and money laundering etc).
- Effective management of audit process with appropriate consideration of audit risk issues and accounting technical matters.
- Advising the clients on activities to address the risks and providing recommendations on improving the risk management processes.
- Leading and management of fieldwork on clients, coordinating, motivating and training the audit engagement team. Responsible for effectively delegating tasks, providing guidance to staff, review and monitoring performance of the team on the engagement.
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