Finance Manager
Factory Of Technical Services For Industries Saudi Co. Ltd. – Al Bassam Group Of Companies
Total years of experience :27 years, 3 Months
• Management Of Financial Affairs, VAT, Zakat, Tax, IKTVA Submissions, And Other Statutory Compliances.
• Acquisition & Renewal Of Loans from banks/NBFIs
• Evaluation Of Business Proposals & Investment Plans.
• Review Of Contracts/ Agreements Suggesting Amendments In The Best Interests Of The Organization.
• Financial Monitoring Of Projects Under Execution Ensuring Achievement Of Targets.
• Preparation, Review And Financial Analysis Of Periodic Financial Statements & Budgets.
• Consolidation Of Financial Results & Budgets Of Companies & Variance Resolution.
• Working Capital Management (Payables & Receivables).
• Supervision Of Foreign Purchases & Liaison With Key Suppliers & Customers.
• Coordination Of Audit Function & To Follow & Represent The Company In Legal Cases.
Emart Electronics Marketing Company - KFB Group Of Companies - Saudi Arabia. (A fast growing and professionally managed group engaged in contracting, manufacturing & trading of electrical equipment and line accessories, retailing of home appliances, maintenance services and Industrial automation etc.)
Major Job Responsibilities Included but not limited to:
• VAT, Zakat, Tax And Other Statutory Compliances.
• Costing, Evaluation Of Margins, Monitoring Of Product Wise Profitability & Management Accounting.
• Acquisition, Management, Renewals & Rescheduling Of Finance Facilities From Banks & FIs.
• Working Capital/ Cash Management. (Accounts Payable/Accounts Receivable Management)
• Preparation, Review And Analysis Of Periodic Budgets & Financial Statements.
• Supervision Of Imports, L/C Documentation And Related Commercial Negotiations.
• Inventory Control, Insurance Management & Preparation Of Commercial Appraisals.
• Liaison With External & Internal Auditors For Coordination Of Audit Function.
Key Achievements:
• Headed the team responsible for implementing PACT Revenue (ERP).
• Development of key SOPs for all constituent departments of the company.
KFB Company For Contracting - KFB Group Of Companies.
Major Job Responsibilities Included but not limited to:
• Acquisition, Management, Renewals & Rescheduling Of Finance Facilities From Banks & Financial Institutions.
• Preparation & Consolidation Of Individual Budgets Of Projects In Detail & Monitoring During Execution.
• Preparation, Review And Analysis Of Periodic Financial Statements.
• To Monitor International Payables & Resolve The Issues To Keep Smooth Supply Of Materials Intact.
• Liaison With External & Internal Auditors For Coordination Of Audit Function.
Key Achievements:
• Arrangement of over 700 million Saudi Riyals of financing for new and ongoing projects.
• Development of necessary periodic reporting for top management.
• Supervision of ERP Implementation (DELTA
Manager Internal Audit - (July 2008 To July 2012).
KFB Group Of Companies - Riyadh, Saudi Arabia.
Major Job Responsibilities Included but not limited to:
• To Prepare Internal Audit Charter, Plan & Execute Internal Audit Program For all Constituent Companies Of The Group & submit Feedback To Management For Future & Strategic Planning.
• To Coordinate & Implement ERP System (Microsoft A/X Dynamics) & Ensure Compliance At All Levels.
• Prepare Procedures & Policies As Per Recommendations Of The Management.
• To Verify Physical Assets & Inventories & Maintenance Of Necessary Records. (Internal As Well As Statutory).
• To Assist In The Investigations Relating To Frauds & Related Matters As Per Directions Of The Management.
• To Analyse Management Reports & Periodic Account Statements & Evaluate Risks & Suggest Ways To Mitigate Risks To Acceptable Levels.
• To Provide Assurance & Consultative Services, Suggest Development Of Manpower & To Reorient Operations whenever & Wherever Required.
Key Achievements:
• Coordination & Implementation Of Computerised Inventory Management In three of the group companies.
• Development & Implementation Of SOPs & Reporting Structures For The Group Companies.
Aitchison College Lahore - Ministry Of Education - Govt. Of The Punjab
Spread over 200 hectares, Aitchison college is more than 125 years old institution and is one of the most prestigious Educational Institute Of Pakistan.
Major Job Responsibilities Included but not limited to:
• To Setup Internal Audit Department & Set Its Goals/Objectives In Conformity With The Goals Of The Organization & Aspirations Of The Board Of Governors.
• To Conduct Periodic Audits Of All Departments To Verify Physical Assets & Inventories & To Verify Maintenance Of Necessary Records. (Internal As Well As Statutory).
• To Help Departments Develop Reporting Structure & Lay Down Reporting Requirements.
• To Check Administration & Delegations Of Authority. (Control Vs Authority) As Per Directives Of The BOG.
Bursar/Financial Administrator - BS 18 (July 2006 To May 2007).
Cadet College Hasanabdal - Ministry Of Education - Govt. Of The Punjab
Spread over 200 hectares, Cadet College Hasanabdal is a prestigious feeding institution for military, its alumni include prominent statesmen, chiefs of armed forces, ministers, diplomats and senior dignitaries.
Major Responsibilities As Bursar At Cadet College Hasanabdal Included:
• Management Of Financial, Audit, Tax & Administrative Affairs Of The College & Trusts.
• Preparation & Getting Approvals From BOG The Various Budgets For College, Trusts & Subsidiary Funds.
• Preparation & Presentation Of Periodic Budgets To Board Of Governors.
• Preparation & Getting Approval Of Investment Plans For The Funds OF The Institutions From BOG.
• To Head The Committees of Purchase, Award Of Scholarships, Mess, Award of Tenders, & For the Hiring/Appointment Of Staff From BS-1 To BS-16.
• Compliance Of Civil Service Rules (CSR), GP Fund, CP Fund & Pension Fund Regulations & HR functions.
Key Achievements:
• Computerisation/Automation Of Accounts & Implementation Of first ever ERP Systems in the institution.
• Resolution Of Twenty Year Old Dispute Regarding Special Allowances Of The Staff By Continuous Follow-up With The Board Of Governors & Ministries Of Education & Finance.
Head Of Accounts - North Zone (December 2002 To June 2006).
Atlas Battery Limited (A Listed Company Of Atlas Group Of Companies, The Makers of Honda cars & Motorcycles. Other group companies include, Atlas Bank, Atlas Power Plant, Atlas Insurance, Atlas Engineering, Shirazi Trading, Atlas warehousing, Atlas Leasing, Shirazi Investments etc. The yearly turnover of the group is more than one billion US Dollars).
Major Job Responsibilities Included but not limited to:
• To Assist in Administration Of Sales Force & Operations Throughout The Zonal Sales Territory Comprising Whole of Punjab & NWFP (70% of Pakistan).
• Surprise Audits Of Regional Offices/ warehouses & Markets for Confirmation Of Sales & Receivables.
• Credit Control & Facilitation/Coordination Of Recovery Efforts Throughout The Zone.
• To Assist In The Preparation Of Periodic Sales & Marketing Budgets & Targets For The North Zone & Keep A Continuous follow-up Of Progress.
• To Prepare Zonal Sales Accounting Records And Generate Relevant Reports For Management.
• To Liaison With Government Departments & OEM Customers And To Look After Their Requirements.
Key Achievements:
• Brought Down Average Recovery Period from 60 to 30 days.
• Introduced One Page Daily Reporting System For Operations (Sales, Recoveries, Claims Handling, Damage Control) Of The Zone & Its Constituent Regions.
S. S. Oil Mills Limited. (A Company Listed On Stock Exchanges Of Pakistan engaged in edible oil extraction having one of the largest solvent extraction plant in Pakistan. I was also responsible for supervision of Financial, tax and corporate matters of other undertakings of group namely Standard Spinning Mills Ltd., Standard Oil Mills Ltd., & S.M. Enterprises Private Limited.
Major Job Responsibilities Included but not limited to:
• Management Of Financial, Audit, Tax, & Corporate Affairs Of The Company.
• Renewal Of Working Capital Facilities & Working Capital Management.
• Loan Management, Acquisition, Rescheduling & Restructuring Of Loans Etc.
• Inventory Control, Insurance Management & Preparation Of Commercial Appraisals.
• Supervision Of Sales Tax, Personal Income Tax & Wealth Tax & Related Matters.
• Coordination Of Audit Function, Maintenance of CDS & Compliance Of CDC & Stock Exchange Regulations.
• To Follow & Represent The Company In Legal Cases.
Key Achievements:
• Restructuring Of Loans By Opting For Sick Units Revival Package Offered by The State Bank Of Pakistan.
• Supervision Of Complete Computerisation Of Accounting & Finance Functions.
• Got First Tax Assessment For The First Tax Year Of The Company.
• Prepared Feasibility Report For Standard Oil Mills And Got Long Term & Working Capital Finances From Banks
EAC Engineering (Pvt.) Limited, (A Project Of Yasin Group Of Industries, engaged in manufacturing of Electrical transmission hardware, ceramics and auto parts.
Major Job Responsibilities Included but not limited to:
• Responsible For Supervision Of Accounts At Factory Site & Payroll Preparation And Disbursement.
• Calculation & Analyses Of Periodic Material, Labour & Overhead Costs.
• Development And Documentation Of Procedures For Getting ISO-9000 Certification.