Muhammad Umar Farooq

I have joined AJM Kooheji as Assistant Manager Finance, I have been working with Finance Controller and main responsibilities includes:

• Maintaining accounting records as per international reporting standards. (IAS, IFRS) and ensuring the accuracy of the same.
• Monthly management reporting and trend analysis.
• Following the deadline of Group MIS report (Balance sheet, Income statement & revenue stream analysis).
• Monitoring inventory levels, determining re-order quantity and re-order level.
• Calculating the notional charge over excess inventory in order to discourage divisions keeping high stock levels.
• Critically evaluating each order study, before approving the same.
• Ensuring the proper documentations and ensuring controls.
• Ensuring accurate journal entries and monthly trending in order to evaluate any anomaly.
• Intercompany reconciliation and invoicing.
• Bank reconciliation, vendor reconciliations and GIT reconciliation.
• Timely finalization of audit reports of all group companies.
• Implementation of Group policies though out the company.
• Achievement of cost reduction, by streamlining the processes and removal of duplication of work.
• Finalization of Audit and regular reporting of management accounts.
• Monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
• Collaborate with the other finance department members to support overall department goals and objectives.
• Researching and reporting on factors influencing business performance.

During my work tenure with Usman Chicks, I was involved in business analysis which includes budgeting, planning and accessing the new business proposals.

My major role performed in this organization was the detailed study on Dairy farming and making a complete business plan.