Financial Planning & Analysis Teamleader
Nesma Trading Co. Ltd.
Total years of experience :16 years, 3 Months
A major subsidiary of Nesma Holding Co. Ltd with an annual turnover of Sr. 1.5 Billion ( $ 400 Million) and thirteen divisions
providing contracting & trading services in industrial catering, events & banqueting, construction, facility management, technical
systems, new business ventures and travel.
Responsibilities:
• Timely processing of period-end routines (provisions, accrual and prepayments, allocation of overheads, reclassification and corrections), general ledger (GL) journals, review/prepare monthly reconciliations of GL accounts.
• Monthly reconciliation of 19 bank GL accounts, 22 integration bank GL ledgers, 32 affiliate companies GL accounts and other balance sheet schedules. Monitor and control any data integrity issues on the balance sheet
• Independently investigate and reconcile discrepancies with the coordination of other business functions and affiliates.
• Acting as a facilitator to affiliate companies and vendors in negotiations and conflict resolutions of issues.
• Providing support to new and existing affiliate companies in their monthly closing activities and verifying their work for accuracy.
• Controlling all payment vouchers and transactions (A/C Payable), inter-company/division and treasury unit's transactions.
• Line management of junior personnel for various accounting tasks and to provide direction, mentoring and support.
Reviewing and approving work in account payable and inter-company/division transactions, supplier payments
• Assist in the formulation of budgetary and accounting controls and policies and to ensure effectiveness and improvement of procedures that upholds the integrity of corporate financial information.
• Provide advice and recommendations to management to ensure all operations adhere to correct accounting principles and the appropriate controls are in place. Recommend and implement internal controls and implement audit recommendations.
• Liaise and coordinate with internal and external auditors to fulfill engagement requirements.
• Analysis of monthly financial statements against budgets and forecasts and provide cash flow forecasts for senior
management.
• Perform month end analytical reviews of the accounts of designated divisions and businesses for cost reasonableness.
• Appraise cash flows and financial risks of investment projects and assist in the evaluation of investment opportunities.
Key Achievements:
• Optimized and standardized banks and affiliates reconciliation process. Reduced time spend on reconciliation from 10 days to 3 days and 15 days to 5 days respectively which resulted in settlement of SAR. 13.2 million In long outstanding dues being
settled saving SAR. 325 thousand approximately in finance cost and improved cash flow
• Internal control improvements in payable and treasury unit, facilitated A/P unit centralization and developed efficient A/P
operating cycle and procedures which reduced Invoices to be accounted balance by 85% achieving correct period expense
recognition and aging, reduced vendor's inquiries.
• Developed database using MS Access for management of company's payment vouchers and lines of credit which provided
continues monitoring of the cash & banks situation at any given point in time and improved previously ineffective controls.
• Developed short term (6 months) cash flow forecasting model in MS- Excel enabling management to analyze cash flow using
sensitivity analysis on revenue, accounts payable and receivable and operating expenses which directly resulted in optimal
utilization of lines of credits and improved cash operating cycle.
• Developed projects profitability analysis model using advanced MS-Excel techniques and VBA programming which improved
management focus and reduced report preparation time from 10 minutes per project to 20 minutes for all the company's
projects (115 projects)
Accountancy and business education and training provider with campuses in five different cities of Pakistan providing training in ACCA, CAT, CA (ICAP), B. Com, BBA and other diploma courses. (Affiliations with leading universities and organizations)
Responsibilities:
Bookkeeping of all business transactions, management of all vendors and customers accounts and maintaining individual students accounts detailing academic progress.
Managing banking activities on a daily, weekly and monthly basis.
Maintaining trial balance, reconciling all balance sheet ledger accounts, month end closing tasks.
Preparing financial and operational reports including aging, campus & product profitability analysis, financial statements for the campus and assisting head office with consolidations.
Preparation of forecasts financial statements and cash flow and its comparison with actual and budgeted.
Executing quarterly internal audit plans for policies and procedures compliance, effectiveness and improvements.
Management of day to day campus activities including student affairs and staff supervision.
Providing career counseling for existing students and acting as a liaison between ACCA regional and international offices to resolve students’ issues. Critical evaluation of student’s performance and its discussion with students and their guardians.
Contribution to the discipline and decorum of the overall campus environment and arrangement of social and marketing activities including excursions, seminars and potential students’ career counseling session at reputed colleges.
Key results:
Developed control procedures and implemented system of internal controls in direct supervision of managing director.
Introduced and effectively implemented computerized accounting software (Quick Books) saving the management time and resources to focus on business development activities which improved productivity and reporting.
Arranged all campuses tour on the event of sports festival in Abbottabad for one week, various in house activities including inter college quiz competition on Radio Pakistan (public sector organization
A partnership of two reputed firms of Chartered Accountants Javed Anwar & Co and Ghafoor & Co providing assurance services,
management consultancy including secretarial services, new business ventures and business process outsourcing tax planning and return filing
Responsibilities:
• Bookkeeping and preparation of trial balance and financial statements of assigned SME's and NPO.
• Reconciliation of balance sheet accounts including banks, prepayments and accruals and other schedules.
• Assisting higher-ups with preparation of business plans, writing business letters and reports.
• Preparing bank feasibility Per forma on behalf of clients to secure business loans, tender documents and pre-qualification.
• Assisting with business tax returns.
• Data entry of accounting transactions in Quick Books and generating financial reports
Key results:
• Performed the assigned work in timely fashion with accuracy.
First class Honors degree. RAP (project): Financial and business analysis for past three years of Indus motors Co. Ltd. (Toyota Inc.)
First class degree (achieved 7th position in the region)