Finance Manager
Fresh Choice International FZE
Total years of experience :21 years, 9 Months
Over all financial Management of the company and conducting the external auditing for finalization of accounts.
¥ Cash flow management and forecasting.
¥ Overseeing the accounts and books of the company.
¥ Responsible for internal and financial controls in accordance with company policies.
¥ Ensuring accurate and timely recording and documentation of accounting and financial transactions.
¥ Establishing and managing formal monthly closing.
¥ Reviewing and approving expenses, cash transactions, etc. against approved budget.
¥ Supervised and organized a team of 3 associates to resolve problems and achieve reporting deadlines.
¥ Preparation of monthly, Quarterly and Yearly management reports.
¥ Liaising with Auditors, for timely and smooth completion of the final audit.
¥ Liaising with banks.
¥ Controlling the proper utilization of Banks facilities.
¥ Handling the import and export documentation for issuing the letter of credits(LC’s) and letter of Guarantee’s (LG’s) to our suppliers and customers.
¥ Assist to the Finance Manager for the company’s system of accounting and budgeting controls, including policies, procedures, programs, and practices that may be necessary for the effective operation of the system.
¥ Reconciling the inter-branches accounts.
¥ Preparing Branches Financial Reports to Finance Manager for Consolidation.
¥ Preparing MIS reports for sales and revenue (Branch wise, Brand wise for each items) to management for their timely decisions.
¥ Managing and maintaining (Issuance/renewal) company’s insurance policies (For Staff Medical, Stocks, Properties, LC’s Import & Export documents etc.) and liaising with insurance companies for claims.
¥ Manage and, encouraging personal and professional development of the culturally diverse department.
Managing and maintaining the marketing projects/jobs, issuing LPO/IPO, follow ups and preparing reports to higher management on monthly, quarterly and yearly basis
¥ To handle the entire accounting activities independently up to finalization of accounts
¥ Liaison with SECP (Securities and Exchange Commission of Pakistan) in filling statutory reports, returns and solving the issues if come along.
¥ Filling Tax (Corporate Tax, Sales Tax, Income Tax) returns and statements and follow up all the cases raised against company to settle.
¥ Liaising and co-ordinating with external auditors for statutory audit.
¥ Liaising with the banks to maintain and monitor EFS I & II facilities granted by SBP and proper documentation filing for rebates pre and post stage of consignments.
¥ Maintaining and managing funds available under EFS I & II by banks with proper supporting documents.
¥ To handle the records of import and export letter of credits and guarantees.
¥ Monitoring the maintaining the documents submitted with financial institutions and negotiation on realisation of funds on documentary credits.
¥ To handle with Hypothecation of stocks at warehouses mortgaged with financial institutions.
¥ Maintaining and managing for company diversified insurance portfolio with different insurance companies. Negotiate with them on setup difference rates.
¥ Company’s assets management by proper schedule (release/set up new mortgages, inductions assessment).
Perform other accounting, financial, or administrative tasks as may be required from time to time by the Senior Management.
Its a very prestigious post graduate qualification in Pakistan, parallel to chartered accountancy. Major includes : Advance Cost & Financial Accountancy. Corporate Management. Taxation Assets Management Budgeting Capital Management Analysis Reporting Economics