Financial Controller
Global Group of Companies
Total years of experience :22 years, 0 Months
Group of Companies including Travel group dealing in Hajj, Umrah, Education Consultancy and international visas and travel + Pesticide Import, formulation and Distributions units + Pet Bottles Manufacturing unit:
Managing operations of Centralized Accounting and Processing center for the group.
Projections, forecasting and Book-keeping for affiliates including Global Wings Travel and Tours Pvt. Ltd., Global Trading Enterprises, Global Packaging Solutions, Global Farmer care Ltd.
Managing Imports and dealing with the banks.
Month end closing of GL and branch accounting of group including affiliates.
Prepare monthly aging reports regarding receivable, payables with detailed analysis of phase wise sales and target achievements.
Financial Analysis and Reporting, Reconciliation review, Implementation of company policies and International accounting and reporting standards
Complete Branch Accounting, including handling of branch cash activities of 8 branches, inter branch accounting activities, inter branch reconciliations, conducting Branch Audits and liaise with Internal Audit Department.
Ensure accurate and prompt completion of all accounting activities of the Company.
Prepare Budgets, monitor actual vs. budget and report on variances on a monthly basis.
Reconciliation Review of all balance sheet accounts, reporting and arrange timely clearance of Non reconciled matters.
Ensure development of timely and reliable financial reports including Payroll and expense analysis, branch accounting of distributions and inventory management, revenue analysis, cost comparisons.
Liaise with external auditors for completion of audit activities.
Management of Accounting and Processing center including, centralized Payroll and Foreign/ Local Payments. Centralized Insurance section, Accounting of all Operational Divisions.
Projects and Book-keeping for affiliates including AVI, Pamco, Zahid Industry.
Financial Analysis and Reporting, Reconciliation review, Implementation of company policies and International accounting and reporting standards in affiliates including Zahid Industry and PAMCO.
Complete Branch Accounting, including handling of branch cash activities of 14 branches, inter branch accounting activities, Inter branch reconciliations, conducting Branch Audits, Liaise with Internal Audit Department.
Devise plan for centralization of the major processing activity for the Company & subsidiaries.
Implement the corporate centralization plan.
Ensure accurate and prompt completion of all accounting activities of the Company.
Prepare Budgets, monitor actual vs. budget and report on variances on a monthly basis.
Advise WR Operating Departments on the interpretation and understanding of accounting matters.
Prepare monthly aging reports regarding receivable, payables with detailed analysis.
Reconciliation Review, reporting and arrange timely clearance of Non reconciled matters.
Ensure development of timely and reliable financial reports including Payroll, branch accounting, revenue analysis, cost comparisons and GL analysis.
Monitor all regional financial systems and ensure they are reliable, properly backed up and accurate.
Manage all finance personnel within the department and prepare annual appraisal for all staff.
Liaise with external auditors for completion of audit activities.
A Team member in implementation of VAT system, reporting and documentation.
An active member in implementation of new ERP system in Ejaar and Zahid Tractor in different phases.
Establish and maintain Centralized supplier accounts and maintain schedule of maturities.
Reconciliation of centralized overseas and local account Payables and payments relating to Radwa Trading, Real K.S.A, Rasha and Farida Trading Companies and arrange for the payments for these suppliers.
Book-keeping for affiliates including Radwa, Rasha, Farida, Real KSA, Farouq Trading.
Prepare inter company reconciliations.
Prepare Budgets, monitor actual vs. budget and report on variances on a monthly basis.
Prepare financial statements for Décor Department including further analysis of monthly budgets.
Prepare monthly reports with detailed analysis
Ensure development of timely and reliable financial reports.
Ensure data is entered into the system and finalization of transactions at the end of each month.
Monitor all regional financial systems and ensure they are reliable, properly backed up and accurate.
Prepare and process accounts payable cheques, transfers.
prepare analysis of accounts
Liase with external auditors for completion of audit activities.
Evaluate, and examine policies and procedures and systems in place.
Review compliance with policies, procedures and state and federal laws and regulations.
Preparation of financial statements.
Maintenance of sales accounting including party reconciliation, incentives, recoveries and follow up.
Report results and make recommendations to group management.
Follow up on the progress of implementation of recommendations and directions to the Director as a result of the reports.
Participate in process and internal audit and internal control improvement initiatives.
Incorporate training, continuous improvement and accountability into the management of the organization.
Maintain a working relationship with external auditors.
Attend senior staff meetings, Board meetings, and various system meetings.
Assist senior staff as deemed necessary.
Compose, type, and maintain correspondence, reports, and various other materials and projects. Submit reports and documents as deemed necessary.
Ensuring that the financial statements are prepared in accordance with the applicable International Financial Reporting Standards (IFRS) and statutory compliance with the Companies Ordinance 1984, Code of Corporate Governance and Listing Regulations.
Ensuring compliance with the applicable statute, International Financial Reporting Standards (IFRS) and International Audit and Assurance Standards (ISA’s).
Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to the management in the form of management letters.
Preparation of overall audit plan determining the expected scope and conduct of the audit.
Reviewing, preparing and finalizing the various types of reports and other deliverables.
Analysis of periodic reports prepared by client and reporting thereon.
Co-ordination with professionals of various fields like legal, actuarial and IT experts and decision-making for resolution of critical reportable matters.
• My experience in the Assurance Group of the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations.
The use of accounting skills to investigate fraud or embezzlement and to analyse financial information for use in legal proceedings.
Chartered Management Consultant
1st Position in The College
1 st Position in the College and 2nd Position in the University.