Group Financial Reporting Controller
Obeikan Investment Group
مجموع سنوات الخبرة :19 years, 8 أشهر
As Group Financial Reporting Controller, I am managing team of 6 multinational staff directly working under and reporting to me.
Controlling accounting, financial, audit and reporting matters of 23 Group companies (subsidiary, ass., JVs).
Directly reporting to Group CFO and working with team in leading the Group Controlling function
Key Responsibilities include;
Financial Management, Controlling & Reporting
Group monthly consolidated sales report.
Presentation of Group monthly financial statements and reporting package.
Consolidating status of Inter Company transactions, position and their dispute resolution.
Financial analysis (Group/co. financial position, ratio analysis, trend, cost per unit, standard costing, variance analysis, budgeting, actual vs. budget analysis, KPIs, AR/Inventor aging, working capital / conversion cycle analysis etc).
Issuing instructions for timely FS Closing Process & Procedures.
Preparation/review of annual/interim Group/Co. financial statements with disclosures per SOCPA/IFRS standards.
Zakat and taxation matters (taxability, withholding etc.)
Audit committee, Board and Shareholder’s presentations.
Designing & maintaining Unified Chart of Accounts at ‘0’ level.
Mapping of trial balance to financials.
External Audits
Issue of Audit Guidelines at Group / Company level.
Responsible for liaison, executing and completing audits.
Resolving audit issues with Big 4 in a way best possible.
Financial savings within permissible accounting standards.
Technical Advisory & Assistance
Providing IFRS based researched advice & solutions to accounting matters like transaction advisory on equity / debt (re)structuring, whether to consolidate / deconsolidate or not, DE classification of hybrid instruments, company closure or continue, best possible scenario analysis etc.
Drafting agreements from legal & financial perspective incl. SH resolutions, SLAs etc.
Review of legal cases & agreements.
MIS Reporting
System development and BaaN support (creating various customised reports).
COGNOS project (1st time design, implementation & integration setup with BaaN.
Maintaining Chart of Accounts.
InterCo. reports for current & trading accs.
Mapping of non-BaaN companies to COGNOS.
Managing, supervising and conducting various external audits for Conglomerates and other assurance services.
DIVERSIFIED CLIENT AUDIT EXPERIENCE:
Combined working experience of 8+ years in PwC Riyadh, KSA and in A.F.Ferguson&Co. (member firm of PricewaterhouseCoopers) / Pakistan.
2 years of post-qualification experience at Managerial level in PwC network.
Lead various audits as team manager and as team leader successfully throughout auditing career.
Extensive experience in External Audits, Internal Audits, Business Processes & Internal Controls, Key Risks, Mitigating Safeguards, International assignment in Turkey and with Systems & Process Assurance (SPA).
Managerial experience, Team leader, multi-tasking, managing big teams & various projects
External audits involving companies in following industries;
- FMCG sector
- Oil & Gas
- Industrial Products
- Construction
- Automobiles, Shipping & Logistics
- Transportation, Leasing, Advertising etc.
Client portfolio includes big multinational companies across various industries like
• Unilever Pakistan Limited
• Reckitt Benckiser Pakistan Limited
• Lotte Pakistan PTA Limited
• Hinopak Motors Limited
• National Refinery Limited
• Pakistan Refinery Limited
• Mitsui O.S.K. Lines Pakistan (Pvt) Ltd.
• Venus Supreme Foods Services
• Agility Logistics (Private) Limited
• M.I.Overseas Pakistan Limited
• Optimus Limited - (Hertz Rent-a-Car)
• FWU AG Pakistan Branch
• JWT - a div. of WPP Marketing Comm.
• Renfro Crescent Limited
• Renfro Turkey
• Dalda Foods (Private) Limited
• ICI Pakistan Limited
Internal audits & process documentation at;
• Manufacturing & Textile sectors
• Financial & operational audits for Renfro United States Renfro Turkey in Istanbul.
• Business functions, processes on Debtor analysis, FS, sig. audit issues, s.sales distribution sys SPIDER & compliance of secretarial practices.
MIS Reporting (IT / BI)
Development of customised reports in BAAN
COGNOS reporting
User level knowledge Mfg Pro, JD Edwards, SAP.
Working in tight deadlines, team player & adaptable to environment.
Other Advisory & Certifications
Advisory on Business Processes & controls (rel. to financial reporting) incl. weaknesses, Gap analysis & recommendations per best practices.
Certification on Shareholder resolution at company’s AGM.
Royalty & Fee for Tech. Services (Q1/3 2005)
Certification for capacity enhancement
Cert. on international service cost sharing
Certs. for remittance of Royalty 2011