COST & FINANCIAL ANALYST
EMIRATES INTERNATIONAL RESTAURANTS (CHILIS’) LLC
Total years of experience :13 years, 3 Months
Emirates International Restaurants is associated with American casual dining restaurant chain “chili’s, joe’s crab shack & Romano's Macaroni Grill
COSTING
*Steering Management Costing System which includes costing of menu items, Prep, limited time offers which helps management to decide pricing & marketing strategy.
*Monitor the valuation of closing stock in restaurant & warehouse.
*Maintain and update the comprehensive excel sheet for all restaurant which includes purchases, sale, inventory and food cost. This help us and restaurants manager to determine their daily performance.
*Maintain excel module to determine different price mix of menu item which show high selling item and low selling items with high and low cost.
*Analysing the current inventory position, its value, non-moving stock and expiry of each item and give recommendation to sell slow moving & near expiry item through any promotion.
*Handling & approving cost of imported items after enter clearing cost into system.
*Reconciling intercompany & warehouse to restaurant stock transfer and ensure correct cost has been transferred.
MANAGEMENT REPORTING
*Generating monthly reports such as Income Statement and Balance Sheet & Cash flow,
*Prepare monthly budgeted financial statement (Restaurant Branch & Brand wise) and compare it with actual financial statement to determine variance.
*Prepare estimate & forecasts.
*Conducting detailed variance analysis of all revenue & costs; preparing detailed financials & non-financial key performance indicators.
*Prepare analysis to determine the break-even of each restaurant and give recommendation to control variable & fixed cost.
*Preparing analysis to determine the current efficiency of in-house home-delivery as compare to outsource and give recommendation to improve it.
*Providing support to the Accounting Team for accounting of corporate and intercompany transactions & reconciliations
*Supporting the conduct of external audits by providing documents, information and answers to auditors
*Updating Prepayment sheet and passing allocation JV for all companies
*Preparing Monthly marketing spending report
Kamsar International General Trading is holding company of Dubai Crystal Mineral Water & Hatta Mineral Water and involved in manufacturing & trading of mineral water, rose water (Rabee Brand) & vinegar and distributing all over the middle east.
*Responsible for overall functioning and deliverable of finance department and reporting directly to Managing Directors.
*Preparing the monthly, half yearly and annual management accounts such as Income Statement and Balance Sheet & cash flow in compliance with IFRS
*Supervise the Accounts division; ensure that all accounts responsibilities are handled efficiently and effectively.
*Prepare Budget, Forecast and Estimates
*Product costing of imported items for trading purpose & items manufacture in UAE companies.
*Liaise with external auditors; implement recommendations if any; take corrective action wherever required.
*Monitoring proper recording and application of cash, management of outstanding invoices; directly interfaced with customers on collection matters and resolution of disputes
*Making multiple financial and nonfinancial analysis for managing directors
*Preparing detailed Financials & non-financial key performance indicators
*Collaborating with banks for financing the projects
*Exercising internal controls over functions of procurement, Sales, Credit control & payroll.
Mannan Shahid Forgings Limited (Pakistan) is a project of Abraaj Capital, Dubai UAE. It is involved in manufacturing more than 400 different automobile parts and is regarded as largest forging manufacturer and exporter in Pakistan.
Assistant Manager Accounts at MSF reporting directly to Abraaj, Chief Executive Officer and Chief Financial officer. Major responsibilities include,
*Supervise & coordinate the general ledger division; ensure accuracy of information contained in financial reports & their compliance with statutory requirements.
*Finalizing monthly financial statement (Income Statement, Balance sheet, Cash flow statement), Compare monthly financial statement with budget to identify the variance.
*Prepare Budget, Forecast and Estimates.
*Product costing (Standard Costing) of more than 450 automobile parts.
*Calculate Valuation of closing inventory which includes work in progress & finish goods.
*Making multiple financial and nonfinancial analysis for board of directors.
*Responsible for daily funds position, receivables, payable position & reporting to CFO
*Making multiple financial and nonfinancial analysis for board of directors
*Preparing detailed Financials & non-financial key performance indicators.
*Assisting CFO in preparing presentation for Board meeting.
*Liaise with external & internal auditors; implement recommendations if any; take corrective action wherever required.
*Monthly reporting to Dubai office and their queries relating to this. This includes preparing weekly update, CEO commentary, Management representations regarding the internal controls and Compliance of IFRS
Accounts Officer at Mannan Shahid Forgings Limited, Pakistan
Major responsibilities included,
MANAGEMENT REPORTING
Preparation of the monthly management accounts in compliance of IFRS
Preparation of multiple financial analyses.
Assisted in making Budgets, outlooks and forecasts
Manage the day to day financial transactions of the company.
Maintain book of accounts in a computerized environment.
Prepare day to day bank transactions & day to day cash transactions reports.
Finalize Trial Balance with supporting schedules.
Prepare monthly Bank Reconciliation Statements of all bank accounts; resolve any differences in a timely manner.
Providing the customer with support, when requested, in Finance related queries.
Checking of all invoices with Purchase Orders, Market List or with a valid contract.
MANAGEMENT COSTING SYSTEM
Costing of products for management decision making
Valuation of Closing Work in Process and Finished Goods
GAP ANALYSIS & INTERNAL CONTROLS OVER FINANCIAL REPORTING
To review the controls over functions of Human Resources Department i.e. all controls relevant to payroll
To review the financial information access i.e. whether some information is need to know
To review controls relevant to financial reporting i.e. Cut-off, follows latest IFRS etc.
