General Manager Accounts and Administration
Balochistan Engineering Works Limited
مجموع سنوات الخبرة :22 years, 9 أشهر
Held progressively responsible position with this leading DYL Group Company, engaged in manufacturing auto parts for YAMAHA, TOYOTA, HONDA, and THAL.
FINANCE & COSTING DEPARTMENT:
• Participated in the formulation of strategic business plans and executed strategy through financial planning, performance management, and period review.
• Monitor the key performance indicators to measure business performance and identity areas for operational improvements.
• Collaborated with key departments for preparation of annual budget with this $35M company and preparing periodic reports that compare budgeted cost to actual costs ensuring best practices and compliance of company standards and principles.
• Provided financial leadership to drive productivity initiatives and support operations management in the execution of business strategies through monthly variance analysis on sales, cost of goods sold, and operational expenses against prior year and budget.
• Directed and control day-to-day accounting operations including billing, AP/AR management, account reconciliations, cash management, month end closing activities, and providing subordinates technical assistance to enrich their competencies for achieving business goals.
• Provide accurate, effective, and timely monthly management accounts i.e. profit and loss account, balance sheet, and cash flow statements including KPI summary and budget variance analysis for management review.
• Liaise with auditors/advisors for timely completion of annual statutory audit and tax returns.
• Devised and implemented financial policies, systems and procedures, to ensure financial discipline, effective and accurate financial reporting in compliance with established accounting standards, internal control and applicable laws and regulations.
• Maintained standard cost of over 100 auto parts manufactured and cost changes affecting standard cost shared with production department for cost optimization.
• Determined new product cost, proposed price for quotation, and negotiate with customers.
• Manage team of twelve professionals, encouraging personal and professional development.
ADMINISTRATION DEPARTMENT:
• Manage Group Company’s payroll for 1500 plus employee and ensure processing of new hire, transfer, and terminations are precise, timely, and salary transferred on 1st of the month.
• Maintained industrial relations, negotiate with the Labor Union on the charter of demand, liaise with the regulatory departments and ensure compliance with labor laws.
• Manage team of sixteen employees at four distinctly located production units.
KEY ACHIEVEMENTS AND CONTRIBUTIONS
• Streamlined procedures by strengthening accounting control and shortening the month end closing process for producing monthly management accounts within 10 days of month end.
• Enhanced stock management efficiency through identification of significant levels of obsolete stock and subsequent initiation of major stock write-down/disposals and improved stock turnover (days) of 45 to 30 in less than two years.
• Consolidated four warehouses into one location and integrated production module, resulting in greater efficiency, streamlined operations, and saving of over $100K in payroll alone.
• Prepare and evaluated feasibility report for HONDA and TOYOTA and successfully negotiated the contract that result increases external sale revenue by $1500K.
• Established Costing Department, implemented standard costing system, and determined product cost.
• Increased product contribution margins where possible in a price-driven marketplace and with majority of company products having less than 25% contribution margin rates.
• Slash payroll / benefits administration cost by 20% through right sizing the organizational structure, job consolidation and reducing headcount.
• Reduced payroll-processing time by 40% enabling salary transfer from 5th to 1st of the month.