Finance Manager
U Pak FZE
مجموع سنوات الخبرة :18 years, 5 أشهر
Developing Financial Planning, Consolidated & Portfolio level Reports (Balance Sheet, P&L Accounts, and Cash Flow Statement), and interpretation to CFO & Director Finance on a month-to-date & year-to-date basis.
Organized in developing strategies to support long-term objectives, planning for capital expenditures, critically reviewing financial ratios to analyze current and past trends.
Managing Ad-hoc reports based on daily Flash report & Pulsing about daily Production output.
Reviewing periodical sales reports and analyzing sales margin reports to assist in setting selling prices and provides necessary inputs to commercial team for setting selling price, FOC, and promotional options.
Proficient in conducting branch-wise closing stock value analysis to support investment decisions.
Planned investment decisions for proposed projects using CAPEX techniques (IRR, NPV, and ROI & capital rationing). Involved in the entire process of CAPEX from planning, feasibility, appraisal, procurement/spending, commissioning, and transferring from WIP account to Fixed Asset.
Proficient in implementing internal control procedures and accounting policies in accordance with IFRS and GAAP to ensure compliance with accounting standards, financial regulations, and legal requirements.
Developing and presenting annual budgets for departments & cost centers, creating OPEX budgets for each business unit, monitoring CAPEX budgets, identifying variances between actual and budgeted financial results.
Experienced in designing cost accounting systems and developing cost standards for materials, labor, and overheads and variance analysis of cost center, contribution margin and GP analysis for each profit center and break-even analysis.
Proficient in analyzing trial balance GL accounts to ensure completeness, accuracy, and reconciliation with sub-ledgers. Verifies accruals, provisions, prepayments, expenses reclassifications, and Identifies and explains variances from previous periods.
Reviewing daily cash flows, bank matters such as letters of credit and long-term facilities, and working capital to effectively manage funds.
Ensuring VAT compliance with FTA regulations, reviewing VAT reconciliation for accurate input and output VAT, and verifying tax information for VAT return submission accuracy.
Proficient in analyzing customer aging and recovery reports, reviewing sales commission, ensures timely invoicing and resolves collection discrepancies, and ensures to books vendor invoices against store receipts, verifies payment supporting documents.
Proficient in Fixed Assets criteria development, revaluation, and physical stock counting. Analyzes slow-moving inventory.
Interfacing with external auditors for quarterly and annual audits and meeting audit deadlines by preparing necessary data and schedules.
Prepared balance sheet, profit & loss accounts, and cash flow statement in accordance with IFRS & IAS.
Preparing monthly Actual vs Projected/Budgeted reports of PVC Pipe, Cement Bags manufacturing to screen view of each Business Unit performance.
Coordination with Banks to keep track of fund utilization, TR, LC, LG & funds flow daily review.
Handled all accounting procedures pertaining to monthly closing of accounts, ensuring that all expenses / provisions are booked, and balance sheet accounts are reconciled.
Involved in Business Planning, Profitability Analysis. Variance in Sales and Ad-Hoc performance reports.
Checking & verification of all internal reconciliations specifically stock, bank, GL/Sub ledger reconciliations and taking actions
Coordinating the budget preparation activities among different departments and monitoring progress to ensure submission within deadlines.
Understands configuration between FI/CO and interrelationships b/w functional modules of SAP.
Review of payments & collections received and evaluating debtors / creditors ageing reports.
Breakeven analysis and Seller wise profitability analysis, monitoring sales and setting of next targets.
Prepared Audit requirements check-List.
Prepared monthly reports to management like income statement, cost of goods manufactured.
Conducting.
o Variance analysis to determine difference between actual vs. budgeted CGS, GP & CM.
o Breakeven analysis on different sales mix & assessing the performance of each profit center.
Reviewed KPI’s for each department cost & comparison with budget.
Prepared the annual budgets and forecasts based upon the historical data, projected sales demand.
Developed & maintained cost accounting systems to accurately track and report costs for the company.
Analyzed costs and identified areas for cost reduction or cost avoidance.
Prepared & analyzed financial reports, including variance analysis, to identify trends and opportunities for improvement.
Collaborated with other departments, such as production and procurement, to collect cost data and identify cost drivers.
Developed & maintained cost standards for materials, labor, and overheads.
Conducted cost-benefit analysis and provided recommendations to management.
Developed & maintained accurate inventory records and conducted regular physical inventory counts.
Monitored & controlled expenses to ensure compliance with budgetary constraints.
Provided accurate and timely costing information to support decision-making.
Ensured compliance with accounting standards and regulations related to cost accounting.
Developed & maintained relationships with suppliers and vendors to ensure cost-effective procurement.
Worked with cross-functional teams to identify and implement process improvements to reduce costs and increase efficiency.
Developed and maintained accurate cost reports for management review and decision-making.
Formulated figures of executive summary report for presentation to MD & CFO.
Oversee and manage the daily operations of the accounting department, including accounts payable, accounts receivable, general ledger, and financial reporting.
Prepared and reviewed financial statements, balance sheets, income statements and cash flow statement.
Monitored inward/outward documentation with letter of credit and import & export bills of material and machinery.
Coordinated with insurance companies for health, vehicles & building insurance related activities.
Conducted analysis of Gross Profit (GP) and Contribution Margin (CM) for tablets, capsules, suspension syrups, dry syrups, liquid syrups and injections
Managed reconciliation of Expenditures between factory & head office and monthly accruals.
Participated in the budgeting and forecasting process.
Managed the reconciliation of bank accounts, credit card statements, and other financial records.
Oversee the preparation of audit schedules and manage the external audit working.
Fixed Asset Register Maintenance.
Arranged timely deposit of taxes (Income Tax, Sales Tax, VAT & Corporate) and filing of in adherence to the statutory compliance.
Reviewed data entry sorts of accounting and non-accounting-based vouchers along with management of petty cash book.
Reviewed & finalized monthly payroll, leave salary, indemnity statements and HR related expenses.
Proficient in maintaining accurate inventory records & inventory control systems to ensure inventory accuracy and minimize inventory carrying costs.
Conducted regular physical inventory counts and reconciling inventory records with actual inventory levels in SAP.
Maintained inventory policies and procedures to improve inventory accuracy and efficiency.
Collaborated with other departments, such as procurement and sales, to forecast inventory needs and ensure timely delivery of inventory.
Analyzed inventory data to identify slow-moving and making recommendations for disposition.
Managed inventory replenishment processes, including ordering and receiving inventory, and maintaining optimal inventory levels.
Coordinated with suppliers and vendors to ensure timely delivery of inventory and resolve inventory-related issues.
Provided accurate and timely inventory reports to support decision-making.
Developed & maintained accurate inventory reports for management review and decision-making.
Documents follow-up with suppliers if defective goods are found in received inventory.
Maintained labeling systems on the stock items & managing Scrap Material.
Coordinated periodic safety inspections and testing of any specialized piece of utility equipment.
Accounts & Taxation
Accounting & Economics Subjects
Arts Subjects