Finance And Accounting Manager
Alliance Colchem (Pvt.) Ltd
مجموع سنوات الخبرة :9 years, 0 أشهر
- Team Management
Increased the management and financial team performance by financial and non-financial incentives.
- International Vendor Handling
Management of business relations with International Dyes and Chemicals vendors from India, China, Turkey and Thailand. It was done through online meetings and face to face meetings in Pakistan and in the respective countries of the vendors. This resulted in optimal pricing and best quality procurements.
Achievement: Reactive Dyes purchase prices were reduced on average of 15% and product quality increase on average of 10%
- Financial and Management Accounting
Preparation and presentation of financial statements as accounting/finance department manager. Data Analysis of the financial statements as business partner was performed on regular basis. Overall the task resulted in timely decision making processes, resulting in decreased expenses and increased revenues.
Achievement: 10% decrease in expenses and 12% increase in revenues.
- Cashflow Management
In the Distribution Networks business, cashflow management is an important daily task. Efficient cashflow management has resulted in build up of cash reserves by managing accounts payables and receivables.
Achievement: 30% Growth YoY in market credit recovery.
- Taxation, Payroll and Bank Reconciliations
Monthly tasks have resulted in up-to-date sales and income tax returns. Timely payroll management safeguarded employee mental and financial health and banking transactions were handled efficiently through continuous bank reconciliation, avoiding financial leakages.
- Inventory Audits
Weekly inventory audits have resulted in minimal stock theft incidents, accountability of warehouse managers and overall up-to-date inventory tracking in the Quickbooks Cloud Accounting System
Achievement: Stock damage which was around 6%, reduced to 2% YoY
- Stakeholder Management
Investors and business partners were fully aligned with the business processes, through continuous meetings and presentation of drill down analysis of business process. The stakeholder confidence was taken care of as the highest priority.
- International Trade Management
The import processes were managed through management of custom clearances and bonded warehouse management. Through regular alignment with the international vendors, it was made sure the ETA (estimated time of arrival) of containers remain efficient. This resulted in lower lead times of imports, that eventually resulted in efficient sales and payment recoveries in the local market.
Achievement: Proper management of all the processes of international trade resulted in decrease in demurrage expenses at port from USD7000/- to USD2, 000/-
- Team Management
Increased the management and financial team performance by financial and non-financial incentives
Achievement: Employee turnover reduced by 50% YoY.
- Principle Vendor Handling
Management of business relations with Principle Companies of Official Distributions of FMCG Brands, Lighting Brand and Cosmetics Brands
Achievement: 3 popular company distributions were inducted in the group due to good reputation. The companies were Pepsi Co International, Misbah Cosmetics, Bays International.
- Financial and Management Accounting
Preparation and presentation of financial statements as accounting/finance department manager. Data Analysis of the financial statements as business partner was performed on regular basis. Overall the task resulted in timely decision making processes, resulting in decreased expenses and increased revenues
Achievement: Due to increased scrutiny of Profit and Loss Statements, expenses were reduced by 21% YOY.
- Cashflow Management
In the Distribution Networks business, cashflow management is an important daily task. Efficient cashflow management has resulted in build up of cash reserves by managing accounts payables and receivables.
Achievement: Business cash reserve increased 30% YOY.
- Taxation, Payroll and Bank Reconciliations
Monthly tasks have resulted in up-to-date sales and income tax returns. Timely payroll management safeguarded employee mental and financial health and banking transactions were handled efficiently through continuous bank reconciliation, avoiding financial leakages.
- Inventory Audits
Weekly inventory audits have resulted in minimal stock theft incidents, accountability of warehouse managers and overall up-to-date inventory tracking in the Quickbooks Cloud Accounting System.
Achievement: Stock theft of cosmetics and FMCG items reduced by 90% overall.
- Stakeholder Management
Investors and business partners were fully aligned with the business processes, through continuous meetings and presentation of drill down analysis of business process. The stakeholder confidence was taken care of as the highest priority.
- Distributor Standard Practices
It was always assured to the principles that the distribution work ethics were taken care of at the highest level possible. It resulted in smooth management of various distributions of non-related industries and the highest level of satisfaction of the principle companies.
- Financial Accounting
Preparation and presentation of financial statements. Overall the task resulted in timely decision making processes for the higher management, resulting in decreased expenses and increased revenues.
Achievement: Quickbooks cloud accounting software implementation increased the work efficiency by 80% overall.
- Cashflow Management
In the Distribution Networks business, cashflow management is an important daily task. Efficient cashflow management has resulted in build up of cash reserves by managing accounts payables and receivables.
Achievement: The bank running finance requirement was reduced from PKR100Million to PKR40Million overall.
- Taxation, Payroll and Bank Reconciliations
Monthly tasks have resulted in up-to-date sales and income tax returns. Timely payroll management safeguarded employee mental and financial health and banking transactions were handled efficiently through continuous bank reconciliation, avoiding financial leakages.
Achievement: Fraud by former accountant in banking transactions worth PKR3million uncovered and reported to the management.
- Inventory Audits
Weekly inventory audits have resulted in minimal stock theft incidents, accountability of warehouse managers and overall up-to-date inventory tracking.
Achievement: Chilled Yoghurt stocks damage in the warehouse decreased by 90% overall.
- Attended the International Study Abroad Programme in 2013 to University of Warwick for One Semester. Only 6 students from all campuses of Monash University in Australia, Malaysia and South Africa were chosen. - Attained financial grant for the international study abroad programme. - Overall grades achieved were 9 High Distinctions, 10 Distinctions and 1 Credit. - Worked as Research Assistant with the Professor of Islamic Accounting and Finance, in the final year of the degree.