Md Ibrahim ACMA

• Lead and implement budgetary control system of respective business concern.
• Monitor the order wise costing preparation, accessories requirement and consumption and analyze
the variance if any compare to the budget.
• Analyze factory wise operational efficiency like Jhute, Wastage, Left Over & excess/short shipment and
communicate it to the top management with regular interval.
• Gather the correct operational data to prepare the monthly operational data (MOD) report accurately;
• Analyze actual manufacturing costs, order wise budget, fabrics booking, etc.
• Control the raw material cost by monitoring the raw material consumption of each product and
compare it to the BOM/ Budget.
• Conduct cost-benefit analysis and support decision making for Capex/Opex Investments;
• Analyze factories operational efficiency like capacity utilization, wastage, rejection and communicate it
to the top management with regular interval.
• Monitor Inventory levels, aging and reconciliation with physical stock.
• Make liaison with Production, and supply chain teams for process improvements
• Ensure timely and accurate month-end closing for the factory.
• Act as a liaison during Internal and statutory Audit.
• Prepare analytical report and submission to the respective authorities;

• Develop and execute the organizations financial strategy, aligning it with overall business objectives.
• Ensure accurate and timely financial reporting in compliance with relevant regulations and accounting
standards. This involves preparing financial statements, managing audits, and communicating financial
results to stakeholders.
• Lead the budgeting, forecasting, and financial planning processes. Provide regular financial reports,
analysis, and insights to support decision-making by the executive team.
• Identifying and assessing potential risks, such as market fluctuations, currency exchange rate fluctuations,
credit risks etc. and develop strategies to manage and minimize these risks. Determine the optimal mix of
equity and debt to fund the companys operations and growth initiatives, managing relationships with
investors, and financial institutions to secure funding.
• Ensure that a robust costing system is maintained to provide management with high quality information
to formulate pricing policies and determine product margin/ profitability.
• Corporate Tax, VAT and Customs management, liaison with all relevant tax, VAT authorities.
• Oversee cash flow, liquidity, and working capital management. Make strategic decisions regarding
investments, financing, and capital structure.
• Build and lead a high-performing finance team. Provide guidance and mentorship to team members,
fostering a culture of continuous improvement and professional development.

• Prepare statutory financial statements in conformity with local and international financial
reporting standards (IFRS) and international accounting standard (IAS)
• Supervision of daily cash management and estimating & controlling cash flows, preparation of
bank reconciliations.
• To maintain correspondence with Bank, Tax, VAT and others related legal authorities
• Maintain relations with external auditors and investigate their findings and recommendations
• Monitor Accounts Payable and receivable.
• Monitoring Bank loan s including collection and repayment.
• Protects organizations value by keeping information confidential
• Budget preparation, Fund allocation, execution and keeping budgetary controls.
• Guides other departments by researching and interpreting accounting policy; applying
observations and recommendations to operational issues.
• Various report preparation, Preparation of monthly, Quarterly, half yearly and annual Accounts.
• Design and implement effective cost controlling on all financial aspects within the approved
budget
• Engage in ongoing cost reduction analyses in all areas of the company.

• Preparation of monthly, quarterly, half yearly & statutory accounts
• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted
costs to actual costs
• Work with all suppliers and vendors in terms of quotation, supply, payment, pricing to bring
the best outcome
• Keep check & watch on bank position & movement of funds & maintain liaison with banks.
• Support the management in arriving at profitability analysis, product pricing, project costing,
budgeting, MIS etc
• Maintain fixed asset register and keep all original documents pertaining to fixed assets
• Check pricing of all materials /assets which are procured /consumed
• Prepare all supporting information for the annual audit and liaise with the boards audit
committee and the external auditors as necessary

• Prepare audit schedule as per the approved plan and have it approved by the Head of internal
audit.
• Conduct audits and reviews the correctness and appropriateness of the activities in light of the
prevailing policies and procedures Produce individual Financial Reports
• Review the related documents, verify their validity and authenticity appraise data and create an
informed, objective opinion about the adequacy and effectiveness of the system and the
efficiency of the performance of activities under review.
• Find out if there is any fraud, misappropriation and abuses causing loss of the companys
resources, property as well as reputation. Monitoring Daily Cash & Bank Movement Report
• Monitoring changes in business, process and systems to ensure timely updating of controls,
documentations, and the identification of items affecting the internal audit process
• Identifying weaknesses in the internal control and contributing to the development of the
process or system
• Communicate the results of audits and reviews via written reports and oral presentations to
Senior Management