Head of Planning and Reporting
Kohat Cement Company Limited
Total years of experience :13 years, 11 Months
At Kohat Cement Limited I am supervising the Reporting, Budgeting and Costing teams in ERP environment.
Managing all affairs of listed entity w.r.t Reporting and external audits, Annual Budgets, Forecasting and Costing and Project appraisals. Value activities include:
-Presenting Monthly Accounts, Financial Projections and Annual Budget for monitoring and control.
-Industry benchmarking and analysis for top-line growth and suggesting various cost control measures.
-Development of Credit policy and built tools for policy monitoring.
-Business partnering with sales and Production teams for value addition through project appraisals.
-Monitoring monthly KPIs and inquiring exceptions and suggesting improvements.
-Supervising staff for routine issues enriching their JDs through job rotation and job enlargement.
At Panther Tyres I am added value to Organisation through following domains:
-Business Analysis using SAP FICO (Financial Accounting and Controlling) modules, Extensive reporting
on segment wise profitability and planning.
-Implemented complete SAP CO module as team lead with Power user rights, built complete structure of Cost element and Cost centre Accounting, Internal Orders, Material Ledger, Product costing and Profitability Analysis.
-Controlling the operations through various standard and customised reports from FI Module.
-Shared relevant value input in implementation of PP, PM and MM modules.
-Presenting Monthly Accounts, Financial Projections and Annual Budget for monitoring and control.
-Business partnering with sales and Production teams for value addition and more informed decision making.
-Conducting periodic price negotiations with customers especially OEMs along with sales team.
-Managing Cash Flows, Planning sales receipts through CMS, prioritising payments with aim for effective cash management.
-Supervising Internal tax department for ensuring statutory tax compliance and answering FBR queries and tax audits.
-Supervising staff for -routine issues like follow up of Advances, slow moving stocks through aging reports, adequacy of insurance limits etc.
-Developing SOPs in different areas to improve control and Accountability mechanism.
-Liaison with government departments, Insurance surveyors, corporate consultants for routine issue and special assignments.
At Tanveer Group I am responsible for:
- Analysing financial statements and providing the management team with a clear understanding of the financial performance, providing a basis for the timely decisions;
- Preparing detailed costing of the yarn in all counts both Carded and Combed for decision making and production planning.
- Managing Cash Flows, prioritizing payments, keeping track of deposits and transfers with the aim to maximise company’s wealth.
- Reviewing and Forwarding various MIS reports to management for planning. (E.g. bank balances movement summaries, production reports and yields analysis, Power consumption reports, etc.)
- Preparation of annual and monthly business plans including cash flow projections, capital & revenue budgets and forecasts.
- Supervising and reviewing the work of the staff (including, but not limited to, cash and bank reconciliations, fixed asset activity, payroll, accounts payable transactions, recording of revenue and expenses, etc.)
- Providing value input to Business Process Reengineering (BPR) department for developing new systems and developing system reports for monitoring, control and analysis.
- Coordinating with banks to resolve the day to day problems in our daily operations with banks.
- Overseeing the daily accounting activities required to maintain accounts of the Company as per applicable statutory requirements especially IFRS’s.
- Coordination with corporate consultants for corporate and tax matters.
At Ernst and Young Pakistan, In doing above assignments as a leader of 2 to 8 member teams I gained extensive experience of:
- Planning, execution and completion of various audit assignments as per International Standards on Auditing (ISA's), which included responsibilities for conducting preliminary reviews, drafting audit programs, supervision and review of work of staff, reporting to engagement partner.
- Establishing and strengthening of cordial client relationship through liaisons at various levels of client personnel including top management.
- Audit and review of financial statements to ensure compliance with International Financial Reporting Standard (IFRS) and applicable local statutory laws.
- Advising and recommending clients on the best practices in finance and operations.
- Evaluating internal control system implemented by client management and reporting on compliance frameworks.
- Developing the skills and knowledge of team members by mentoring and coaching them.
I am Associate member of Institute of Chartered Accountant of Pakistan.