FINANCE MANAGER
SAMPAK INTERNATIONAL (PVT)LTD
Total years of experience :32 years, 4 Months
ACCOUNTANCY . FINANCING , BUDGETING .BANKING Engineering, Architectural Design, Supervision &
JOB DESCRIPTIONS OF FINANCE MANAGER :
Principal Accountabilities:
Management.
Maintain a documented system of accounting policies and procedures.
Manage outsourced functions.
Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
Funds Management.
Forecast cash flow positions, related borrowing needs, and available funds for investment.
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions.
Maintain banking relationships
Assist in determining the company's proper capital structure
Arrange for equity and debt financing Invest funds.
Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows.
Budgeting
Manage the preparation of the company's budget Report to management on variances from the established budget, and the reasons for those variances.
Assist management in the formulation of its overall strategic direction.
Risk management
Monitor risk management policies and procedures to ensure that program and organizational risks are minimized.
Advise the organization's leadership on appropriate insurance coverage for the organization and the Board of Directors.
Maximize income where possible and appropriate.
Negotiate with Bank for lines of credit or other financial services as required and appropriate.
Financial Analysis
Engage in ongoing cost reduction analyses in all areas of the company.
Review the performance of competitors and report on key issues to management.
Engage in benchmarking studies to establish areas of potential operational improvement.
Interpret the company's financial results to management and recommend improvement activities.
Review company bottlenecks and recommend changes to improve the overall level of company .
Participate in target costing activities to create products that meeting predetermined price goals.
Assist in the determination of product pricing in relation to features offered and competitor pricing.
Compile key business metrics and report on them to management. Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis.
Create additional analyses and reports as requested by management.
Financial Accounting System Working under computerized Financial Accounting Software
•Monitoring & Controlling of Payments
•Cash Payments, Bank payments relating Imprest, Contractor, s Payments, Cane Payments to Growers, Payments to Store Suppliers according to payment terms & conditions / work orders/purchase orders.
•(All types of payments) according to the Approvals of Competent Authority after checking their Accuracy
•Pledging & De-Pledging of sugar
•Pledging the Sugar Bags & Coordination with the Mucadam Co. Checking the Sugar Stacks in Sugar Godown. De-Pledging according to the Dispatches and update information to the Head Office.
•Checking of Salary & Wages of Mills Employees, Checking of Bonuses, and Final Settlements of the employees as per Mills Policy
•FUND DEMANDS
Fund Demands from H.O according to the Budget or Requirements at Site.
•EXTENSIVE EXPERIENCE
Financial Reporting, internal control, Budgeting & Forecasting & other requirements according to the Head Office.
•CHECK & BALANCE OF MILLS ACCOUNTS Keep Check & Balance of Mills Accounts on daily basis and reconcile the funds .
•DIRECTS CANE PAYMENTS PROCEDURE
Directs Cane Payments Procedure / Seclude according to head office policy.
•DEVELOPS PROCEDURES
Establishes system of internal controls for new financial systems and develops procedures to improve existing systems.
•External/Internal Audits
Coordinates preparation of external/Internal audit materials and external financial reporting.
•Taxation Matters
Handle the Taxation (Sales tax & Income Tax ) Matters.
•Cost Analysis & Cane Rates
Directs & Participates in cost analysis & Cane Rates.
•Maintenance General/Subsidary/Receivable Accounts
Directs the maintenance of general and subsidary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
•CANE ACCOUNTING SYSTEM
•Checking of Cane Supply as per Cane Areas, Cane Checking Posts, L.P Supply & Depot Supply.
•Checking & verification of growers CPR, S , Cane Rates & deduction of Loans, Road Cess, TPT Charges.
•Monitoring of Cane Checking Posts To control the wrong LP, s supply
•Checking the Cane Rates of surrounding Sugar Mills for pepration of comparative statements
•STORE ACCOUNTING SYSTEM
•Verification of Store Receipts with original Bills & Work Orders/ Purchase Orders.
•Checking of Sales Tax inputs & sent to H.O for input claim on monthly basis.
•Checking of Income Tax deductions according to the Govt. Rules & deposit to NBP as per
•Checking the Store Consumption Voucher for monthly basis.
•Monitoring & Checking the daily store demands & Store Receipts
•SUGAR SALES SYSTEM
•Delivery Orders issued by the Head Office . Sugar Dispatches according to the D.O, s . Checking the Supply Orders along with the Bilities of Transporter, The Weighbridge of Sugar Godown linked with the Software of Sale system
•DEPLEDGING OF SUGAR
as per sale informed to H.O.
•SALE OF MOLASSES & BAGASSE.
Checking the Supply orders of molasses & Bagasse, as per DO, S issued from H.O.
•DAILY REPORTING TO H.O
UPDATED DATA relating production & sale Of sugar & By-Products and any other information required by the HO.
•CHECKING OF SALES TAX INPUTS
Checking Sales Tax Inputs on monthly basis & sent to HO for their deposits.
•HANDLING OF VARIOUS INSPECTION TEAMS.
Handling of pledging Companies, Banks & other stock taking affairs as per HO Policies.
•MILLS AGRI FARMS
To be check the Mills Agri Farms Expenses & income and update Crop wise progress, per acre age yield & discussion with the cane deptt.
JOB RESPONSIBILITY
(As a Chief Accountant)
Financial Accounting System Working under computerized Financial Accounting Software
Monitoring & Controlling of Payments
Cash Payments, Bank payments relating Imprest, Contractor, s Payments, Cane Payments to Growers, Payments to Store Suppliers according to payment terms & conditions / work orders/purchase orders.
(All types of payments) according to the Approvals of Competent Authority after checking their Accuracy
Pledging & De-Pledging of sugar
Pledging the Sugar Bags & Coordination with the Mucadam Co. Checking the Sugar Stacks in Sugar Godown. De-Pledging according to the Dispatches and update information to the Head Office.
Checking of Salary & Wages of Mills Employees, Checking of Bonuses, and Final Settlements of the employees as per Mills Policy
FUND DEMANDS
Fund Demands from H.O according to the Budget or Requirements at Site.
EXTENSIVE EXPERIENCE
Financial Reporting, internal control, Budgeting & Forecasting & other requirements according to the Head Office.
CHECK & BALANCE OF MILLS ACCOUNTS Keep Check & Balance of Mills Accounts on daily basis and reconcile the funds .
DIRECTS CANE PAYMENTS PROCEDURE
Directs Cane Payments Procedure / Seclude according to head office policy.
DEVELOPS PROCEDURES
Establishes system of internal controls for new financial systems and develops procedures to improve existing systems.
External/Internal Audits
Coordinates preparation of external/Internal audit materials and external financial reporting.
Taxation Matters
Handle the Taxation (Sales tax & Income Tax ) Matters.
Cost Analysis & Cane Rates
Directs & Participates in cost analysis & Cane Rates.
Maintenance General/Subsidary/Receivable Accounts
Directs the maintenance of general and subsidary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
CANE ACCOUNTING SYSTEM
Checking of Cane Supply as per Cane Areas, Cane Checking Posts, L.P Supply & Depot Supply.
Checking & verification of growers CPR, S , Cane Rates & deduction of Loans, Road Cess, TPT Charges.
Monitoring of Cane Checking Posts To control the wrong LP, s supply
Checking the Cane Rates of surrounding Sugar Mills for pepration of comparative statements
STORE ACCOUNTING SYSTEM
Verification of Store Receipts with original Bills & Work Orders/ Purchase Orders.
Checking of Sales Tax inputs & sent to H.O for input claim on monthly basis.
Checking of Income Tax deductions according to the Govt. Rules & deposit to NBP as per
Checking the Store Consumption Voucher for monthly basis.
Monitoring & Checking the daily store demands & Store Receipts
SUGAR SALES SYSTEM
Delivery Orders issued by the Head Office . Sugar Dispatches according to the D.O, s . Checking the Supply Orders along with the Bilities of Transporter, The Weighbridge of Sugar Godown linked with the Software of Sale system
DEPLEDGING OF SUGAR
as per sale informed to H.O.
SALE OF MOLASSES & BAGASSE.
Checking the Supply orders of molasses & Bagasse, as per DO, S issued from H.O.
DAILY REPORTING TO H.O
UPDATED DATA relating production & sale Of sugar & By-Products and any other information required by the HO.
CHECKING OF SALES TAX INPUTS
Checking Sales Tax Inputs on monthly basis & sent to HO for their deposits.
HANDLING OF VARIOUS INSPECTION TEAMS.
Handling of pledging Companies, Banks & other stock taking affairs as per HO Policies.
MILLS AGRI FARMS
To be check the Mills Agri Farms Expenses & income and update Crop wise progress, per acre age yield & discussion with the cane deptt.
Financial Accounting System Working under computerized Financial Accounting Software
Monitoring & Controlling of Payments
Cash Payments, Bank payments relating Imprest, Contractor, s Payments, Cane Payments to Growers, Payments to Store Suppliers according to payment terms & conditions / work orders/purchase orders.
(All types of payments) according to the Approvals of Competent Authority after checking their Accuracy
Worked as Finace & Accounts Manager Coordination with Banks, Insurance Companies, Govt departments like Income Tax and Sales Tax, Employees Oldage Benefit Institutions, and any other Assignment
by the Company Seniors.
courses: Securing 1st Divpision1982. MCP (Microsoft Certified Proffessional ) Computer Networking etc.
EDUCATION QUALIFICATION B.Com from University of Punjab Securing 2nd Division-1989. F.SC Pre- Engineering from Board of Intermediate & Secondary Education Multan Securing 1st Division 1986. Matriculation from Board of Intermediate & Secondary Education Multan Securing 1st Division1982. MCP (Microsoft Certified Proffessional ) Computer Networking etc. MCS Master of Computer Sciences (Software Engg.) from LAHORE COLLEGE OF BUSINESS ADMINISTRATION $ INFORMATICS Securing 1st Division in 1997.courses: Securing 1st Divpision1982. MCP (Microsoft Certified Proffessional ) Computer Networking etc.
courses: Securing 1st Divpision1982. MCP (Microsoft Certified Proffessional ) Computer Networking MCS MASTER OF COMPUTER SCIENCE IN 1997 etc.