Mohammad Asim Siddiqui, Finance & Admin. Manager

Mohammad Asim Siddiqui

Finance & Admin. Manager

FD Engineering

Location
Pakistan - Karachi
Education
Master's degree, Business And Finance
Experience
24 years, 6 Months

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Work Experience

Total years of experience :24 years, 6 Months

Finance & Admin. Manager at FD Engineering
  • Pakistan - Karachi
  • My current job since August 2021

Operating a business within a partnership framework, manufacturing sheet metal parts. I am responsible for Finance/
Admin. activities.
• Managing wing to wing operational finance activities from inventory to finished products including supply chain,
product costing, budgeting, Sales Tax and income tax filing.
• Preparation of Financial Statements with requisite details & disclosures.
• Negotiation and finalizing product prices with customers and leading negotiation with vendors as well.
• Managing cash reserves to ensure liquidity available to meet financial obligations.
• Implementing cost control measures to optimize operational efficiency, labor productivity and waste reduction

Finance Manager at GE Power - Saudi Arabia
  • Pakistan - Karachi
  • April 2019 to December 2020

- For multiple sites (Europe/UAE/Nigeria) - preparing
FS, calculating bill rate, budgeting, pacing,
maintaining OP, cost controlling etc.
- Led financial close out of LE & support the
liquidation process - accounting, books closure,
alignment with tax, legal, & controllership.
- Worked with Regional manager to create annual
budget and track actual against projected expenses.
- Monitored, managed cash flow and performed
treasury functions.
- Managed budgets, assets, accounts payable &
general financial reporting.

Financial Controller at GE Power - Saudi Arabia
  • Saudi Arabia - Dammam
  • April 2015 to March 2019

- Led and managed STAT audits & Tax filing
- Monitored the timely and quality Account Recs
cycle completion
- Owned & drove closing & reporting processes.
- Led quarterly/annually controllership reviews
with regional and HQ team.
- Ensured & developed proper controls for
Inventory, P&E and other process.
- Own BS clean up and manage execution of
acquisition/divestment.
- Supported the broader Ops. team on
controllership & compliance matters.
- Managed & monitored legal inventory and
performed treasury functions.
- Developed & implemented lean process for
Inventory, P&E, AP, logistic etc.
- Ensured JE completion, Recs. and account
analysis to prepare quarterly financial Docs.
- Directed corporate decision-making and planning
by monitoring and setting policies and procedures
to optimize the performance.

Operation Leader Finance at GEII
  • Saudi Arabia - Riyadh
  • April 2009 to April 2015

- Partnered with Stat team to ensure timely Tax filing
in the country.
- Ensured timely processing of invoices cash
application properly.
- Ensured a smooth transition with upcoming business
on Global Ops platform.
- Focused on AP metrics, improved paid-on-time &
keep minimum aged Invoices.
- Supported automation & different system and
process implementation.
- Led and drive continuous process improvement
and simplification.
- Managed a multicultural & multinational team (12
to15 people) located in KSA, UAE, Bahrain, India &
Turkey.
- Maintained energy and enthusiasm in fast-paced
environment.
- Led career transition, drove employee
engagement & improved working environment.
- Developed team communications and information
for meetings.
- Offered friendly and efficient service to
customers, handled challenging situations with
ease.

Assistant Manager Costing & Pricing at Indus Motor Company Limited (Toyota)
  • Pakistan - Karachi
  • March 2008 to February 2009

- Prepared a feasibility report regarding to localize
a part.
- Analyzed the parts cost on the basis of
inflationary/deflationary factors.
- Conducted Part/Model wise variance analysis for
monthly Mangmt. a/c.
- Drove the price negotiation and finalization with
local & foreign suppliers.
- Analyzed financial position of local/foreign
suppliers.
- Used critical thinking to break down problems,
evaluate solutions and make decisions.
- Participated in team-building activities to
enhance working relationships.

Sr. Accounting Supervisor at Merck Sharp & Dohme of Pak. Limited (MSD)
  • Pakistan - Karachi
  • April 1999 to February 2008

- Preparation of financial statement for submission
to Corporate, Regional and Local management on
monthly, quarterly and annual basis.
- Preparation and submission of various types of
reports to local management as well as to parent
company such as Fixed Asset, Sales, Inventory &
Exp.
- Preparing department budget, assisting Finance
Director in preparing Admin. & Marketing budget
and long-range operating plan.
- Salary and benefits analysis for profit and long-
range operation plan
- Preparation of sales and inventory analysis
report.
- Variance analysis of sales, cost of sales,
production and expenses in comparison with the
annual budget and standard cost.
- Preparing and processing payroll
- Maintaining and calculating provision of Gratuity,
Bonus and Vacation.
- Assisted A/C Manager in preparation of statutory
accounts
- Preparation and submission of various types of
survey as required by government authorities and
other regulatory bodies.
- Checking and verification of monthly cost of sales,
cost of production and variance analysis of
standard cost with actual cost.
- Monthly reconciliation of raw & packing material,
finished goods and WIP

Education

Master's degree, Business And Finance
  • at Iqra University
  • June 2024

M.Phil. (Finance) In progress, 6 courses completed out of 8 and two thesis.

Master's degree, Accounts & Finance
  • at Institute of Cost & Management Accountant of Pakistan
  • June 2007

Bachelor's degree, Accounting, Economics, Management
  • at Karachi University
  • August 1995

Specialties & Skills

Budgeting and Forecasting
Team Management
Reconciliations
Financial Analysis
Corporate Reporting
Policy & Procedures
Process improvement
Financial Analysis
Budgeting and Forecasting
Closing & Reporting
Business Planning & Controls
ACCOUNTANCY
Accounts Payable
Team Management,

Languages

English
Expert
Urdu
Native Speaker

Memberships

Institute of Cost & Management Accountant of Pakistan
  • Fellow Cost and Management Accountant
  • June 2007

Training and Certifications

Attended various training (Training)
Training Institute:
GE Training Center

Hobbies

  • Teaching, Cricket, Listening Music