Financial & Accounting Controller
Confidential
مجموع سنوات الخبرة :21 years, 4 أشهر
To handle all the matters related to Accounting & Reporting.
• Responsible for preparing all of the financial reporting packs including month end and quarter end closings, management accounts, and yearend audit liaison with external auditors.
• Involve in the implementation of IFRS & Value Added Tax (VAT).
• Supervise & controlling the financial accounting activities - Cash & Bank, Accruals & Prepayments, Fixed Assets, Intercompany Reconciliations, Withholding Tax workings, Accounts Receivables, Account Payables & Payroll related activities.
• Involve in the financial software implementation & integration, customize reports as per the business units requirements.
• Support Group Finance Manager (GFM) in the preparation, review and monitoring of departmental budget.
• Ensures that all financial and accounting transactions are coded and posted under the correct business units and cost centers.
• Assist compliance department in implementation of corporate accounting and financial control policies and procedures.
• Analyze the movements in balances, obtaining explanations for significant variations with an aim to respond to audit queries and identify any financial risk.
• Review the reconciliation of all General Ledger accounts on monthly & quarterly basis.
• Manage the team by allocation of objectives, resources to achieve the work plan as per the given deadlines.
• Co-ordinate with all the business units for periodic closure of book of accounts for the company.
• Compilation of financial information for preparing & finalize Internal & External Financial Statements for monthly, quarterly & annually reporting purpose.
• Involve in segment reporting & monitor the SAP BPC implementation with SAP Team.
• Reconciling all intercompany transactions (Debtors & Creditors) by booking invoices through SAP also analyze the GIT, GRN, price & quantity variances & then book journal entries accordingly once get the confirmation from other GCC locations.
• Finalize TB & reconciling all current & intercompany accounts.
• Finalize working of Minority Interest (MI) & post accordingly.
• Analyze internal recharges of divisions & reclass accordingly.
• Analyze sales & margin report - product & profit centre wise.
• Reclassification of currency variances & internal recharges.
• Reclassification of short & long term borrowings.
• Prepare funding report for Treasury Department on monthly basis.
• Prepare budget versus actual P&L for management.
• Monitor inventory & spares related GLs (Aging, Material & Plant wise schedules)
• Monitor & clearing of LPO related vendors.
• Finalize reconciliation of vendor balances and escalation with business units for deviations.
• Weekly preparation of timely, accurate foreign currency exposure forecast to management for decision making.
• Monitoring day to day bank transactions (Manual & E-payment 350 bank accounts) of all foreign currencies & send status on weekly & monthly basis.
• Also monitor & reprocess the cheques / TT / DD returns.
• Prepare & finalize bank reconciliation statements on daily & monthly basis.
• Prepare weekly & monthly revaluation report of foreign currency transactions.
• Reconcile intercompany loans & account balances on monthly basis.
• Monitor all the forex exposure, fund transfers, LC payments, Trade Placement, Currency & Commodity Hedging / Swaps on daily basis.
• Monitor loan & interest charge of every bank
• Voiding of stale cheques in the system after a specific time period.
• Posting & uploading of utility payments in SAP on monthly basis.
• Monitor the proper booking of Investments to the respective GLs.
• Monitor & finalize Accrual Engine postings on monthly basis.
• Monitor petty cash transactions on daily & weekly basis.
• Reconcile payroll entries (salary & deductions) on monthly basis.
• Reconcile float advances & returns on weekly basis.
• Prepare various GL’s aging reports & provide financial information as per management requirement as well as per business needs.
• Reconcile various assets & liabilities GL’s & send query to the respective business units.
• Prepare final summary of the GL’s for management review on monthly & quarterly & yearend basis.
• Posting of Journal Vouchers (JVs) in the SAP manually as well as auto uploads.
• Monitor & coordinate the month-end and year-end closing procedures.
• Prepare audit files & schedules on quarterly & yearly basis.
• Coordinate with external auditors by providing relevant explanations and schedules to auditors and ensure smooth completion.
All roles are mentioned above in the recent position.
All roles are mentioned above in the recent position.
Organization: M/s.Yunus Textile Mills Ltd (Yunus Brothers, Group Of Companies)
Organization Type: Manufacturing Unit
Location: Karachi, Pakistan
Area (s) of Experience: Accounts
Reporting to: Chief Financial Officer & G.M.Finance / Accounts
Responsibility: To handle all the matters related to Accounts / Finance & Fixed Assets Register (FAR)
Brief Job Description: • Prepare financial statements of M/s.Yunus Brothers in accordance with IAS & IFRS.
• Maintain Inventory Management System of the subsidiary companies.
• Finalize financial statements of the subsidiary companies in accordance with International Accounting Standards (IAS).
• Reconciling inter-company accounts & balances.
• Procurement of Fixed Assets from initial document to electronic FAR and preparation of the monthly & annually Depreciation Schedule.
• Preparation of summary report related to Fixed Assets Costing & Project feasibility for Top Management.
• Monitoring & adjustment of Civil Work, Machinery, Dyes and Chemical L/c’s & Stock In transit account.
• Fixed Assets Capitalization via Journal Voucher to proper ledger head.
• Imported Fixed Assets account handle as “Capital Work In Process” & also look- after all payments and local expenses incurred into the account.
• Fixed Assets actual cost reconciles with the provided approved budget cost.
• Checking bank & cash receipt vouchers and resolving discrepancies.
• Reconciliation of different ledgers.
• Prepare reconciliation report of Research and Development (R&D) & RDS refunds.
• Reconcile purchase off-set ledger for the management on monthly basis.
• Reconciliation of stock in transit on monthly basis.
• Co-ordinate with both external as well as with the internal auditors.
• Assist Departmental Manager(s) in preparing various management reports like budget & ratio analysis.
• Verification of all the payments of supplier’s & contractors as well as running bills.
• Reviewing transaction list to ensure accurate postings of vouchers in the Accounts Module.
• Supervise month end & annual inventory count & resolving differences between physical count & as per records.
Organization: M/s.Orient Textile Mills Ltd (Al-Karam Textile Mills, Group Of Companies)
Organization Type: Grey Fabric Producer
Designation: Sr.Finance Executive
Tenure: Sep '2005 to July '2008
Location: Karachi, Pakistan
Area (s) of Experience: Accounts & Finance
Reporting to: Dy.GM (Admin & Finance)
Responsibility: To handle all the matters related to HR & Finance / Accounts.
Brief Job Description: • Preparation of Bank Reconciliation Statement & liaison with banks for resolving reconciling items.
• Calculate income tax deduction of employee (s) & suppliers.
• Finalize full & final settlement of left out employees.
• Maintaining records of loan & advances of all the employees.
• Prepare Income Tax Statements of employee's & suppliers on monthly, quarterly and on yearly basis for assessment.
• Maintain the records of all the suppliers & services rendered companies.
• Processing the payments to suppliers & ensuring compliance with the agreements & purchase order's.
• Check and verify all the payroll matters including salary, wages, overtime and other miscellaneous deductions.
• Prepare store inventory reports, budget reports & make comparison with the previous months of all the departments.
•Preparation of various general vouchers.
• Prepare all types of memos & business letters.
• Prepare annual return of the company at the year end.
• Maintain the petty cash on daily & monthly basis.
Organization: M/s. Yunus Textile Mills Ltd (Yunus Brothers, Group Of Companies)
Organization Type: Manufacturing Unit
Designation: Accounts Executive
Tenure: Feb '2003 to Sep '2005
Location: Karachi, Pakistan
Area (s) of Experience: Accounts
Reporting to: Project Manager
Responsibility: To look after all the outdoor processing accounts.
Brief Job Description: • To prepare the inventory reports.
• Prepare the job cards as well as the purchase orders.
• To maintain the record of the Store Issue Note.
• To maintain the accounts of all the outdoor parties.
• Maintain the record of the fabric on order basis.
• Prepare & verify the fabric stock report.
• Maintain all the files & records of the parties.
• Prepare all types of internal memos.
ACCA (Part Qualified)
MIPA
Attend the following In-House Training provided by YTML & ALAMARAI to its employee (s) ➢ Communication & Presentation Skills. ➢ Strategic Vision & Goal Settings. ➢ Motivation & Leadership Skills. ➢ Problem Solving ➢ Coaching & Mentoring Computer Skills and Other Abilities Sr. Skills & Abilities Proficiency Level Last Used / Practiced 1 Sap-R3P (FI & BPC Module) & HCM Excellent Currently In Use 2 AX-Dynamics Excellent Currently In Use 3 Focus 4 Baan 5 Tally Good Currently In Use 6 Oracle Excellent Previously Used 7 FoxPro Average Previously Used 8 Ms-Office Excellent Currently In Use 9 Windows XP Excellent Currently In Use