Assistant Business Analyst
ICI Pakistan Limited
Total years of experience :12 years, 7 Months
LIFE SCIENCES BUSINESS
• Reporting department wise monthly fixed cost and variances reasoning of actual expenditures vs budget and previous year to the VP.
• Financial Reporting to Corporate Reporting Group (CRG) on quarterly & monthly basis.
• Involved in the entire budgeting process (Full Fixed Cost and CAPEX).
• Support Finance Manager (FM) in tasks including but not limited to data analysis, project appraisal and other one off assignments.
• Working on SAP (FI), BI & Dash board information project
• To ensure all operations remain compliant with the SOX and Business Process documentation and no material control violations are reported within my area of responsibility.
• Prepare & review monthly financials / ET / BET & other presentation for FM and VP.
• I am also in constant liason with IT department for various automation projects on SAP and Bex Analyzer to increase efficiency accuracy of reports.
CORPORATE REPORTING GROUP
• Responsible for statutory reporting, including preparation of annual, half-yearly and quarterly financial statements (both standalone & consolidated) in accordance with the corporate reporting framework
• I was the lead resource in making the annual accounts in which ICI Pakistan Limited changed its financial reporting period to align itself with the new parent company
• I was the lead resource in first time implementation of revised “IAS-19 - Employee Benefits”
• Preparation of annual report including all required ‘other information’ such as Director’s Report, AGM notes and ratios and statistical analysis
• Preparation of rolling forecast (budgets) with the support of the Business Finance and Senior Managers;
• Monitoring businesses’ performance against budgets on monthly basis
• Preparation of element-wise variance analysis of P&L items for all businesses for onward submission to senior management on quarterly and annual basis
• Preparation of monthly deck summarizing results of operations as well as future business plans to assist senior management in decision making
• Engaging with businesses to ensure that correct and consistent accounting policies are applied throughout the company to ensure a like-for-like comparison
• Interpretation and application of accounting standards and policies and preparation of financial statement disclosures
• Coordination and liaison with all 5 business units spread across the country for compilation of accounting information
TREASURY
• Preparation of daily bank/cash position by forecasting the Company’s cash requirements and monitoring funds
• Responsible for making outward remittance payments, settling inward remittances, LC payments etc and arranging payment of dividend to foreign and local shareholders
• To keep constant liaison with all the Company‘s bankers, thereby facilitating arrangements, release of funds, registration and verification of guarantees and other operational activities
• To assist in the negotiation and arrangement of finances at the most competitive rates available and finalization of all documentation effectively
Leasing And Insurance
• Supervise all asset leasing activities
• Responsible for arrangement of financing line with top tier banks and negotiation of best possible leasing rates and subsequent Quantitative and Qualitative analysis of financing options available
• Review schedules related to leasing for Quarterly and Annual Financial Reporting
• Supervise insurance renewal of all assets
• Verifying the insurance policies with the benchmark policies
• Review insurance schedules for renewal and subsequent reporting
• Presentation to the CFO for all Insurance Risks covered and subsequent claims and loss ratio on quarterly basis
Working on Oracle ERP and assisting seniors.
Reconciliation of monthly cash and bank books.
Generating various reports on ERP.
Involved in the initiation and completion of Capitalization process.
To make a data base of banking and economic indicators for major South Asian economies of past 10 years.
ICAEW - International Chartered Accountants of England & Wales
Bsc (Hons) in Applied Accounting
ACCA (Association of Chartered Certified Accountants)
A Levels