Senior Financial Consultant
Arthur Lawrence
مجموع سنوات الخبرة :15 years, 7 أشهر
• Successfully implemented accounting solution for a renowned National Hospital, designed workflows, deployed internal control framework to be followed, and lead the entire project implantation consisting of core accounting modules of payables, receivables, inventory, and treasury management
• Managed the transition with the existing resource pool and trained more than 45 users, assessing Risk and Issue and maintained effective Reporting lines with the client key stakeholder while maintaining Business As Usual (BAU)
• Developed consistent accounting policies and procedures, compliance with accounting standards, effective internal controls over accounting and financial reporting which will promote operational efficiency and effectiveness across all the departments
• Delivered management solutions to formulate cost rationalization strategies and tactical interventions to pro-actively manage organizational change
• Developed “Go forward Strategies” for both short term and long term objectives after reviewing financial projections and challenged their assumptions for more than 50 entities group, based in US
• Formulated and recommended Devise and recommend a comprehensive solution that includes:
o Processes and procedures manuals
o Implementation plan
o Training & development strategy
o Change Management
• Assisted project transformation team in the establishment of Monitoring & Control Department.
Interpret and translate client requirements into solutions that can be delivered successfully. Engage with onshore BPO clients as single point of contact for all offshore delivery matters (Management of solution deployment and delivery)
Completing the projects within the allotted time and maintaining the quality of deliverable above the standard threshold
Worked to complete the projects within a favorable budget variance Responsible to formulate various processes to streamline collaboration between onshore and offshore
teams that includes:
o ERP - NetSuite Implementation
o Finance Transformation and Accounting methodologies o Operational Reporting
o Business Intelligence Reporting
o HIPA Compliances
o Medical Billing
o Time Management
Liaising with, and developing good working relationships with the client to deliver engagement expectations
Worked with executive management for formulating Billing Grids, Master Service Agreements, Service Level Agreements and Statement of Work
Decision making for resolution of critical reportable matters
While working at EY as an Senior Advisory Consultant, reporting directly to the managers and senior managers. Exposure with EY has provided me with an inside view of the key business processes, risk management techniques, internal control systems & regulatory frameworks of various entities.
Key roles and responsibilities;
• Understanding of key business process and operations, drafting process narratives, preparing flowcharts and performing walk-throughs,
• Identification of risks (both industry and entity specific), and evaluation of controls in place to mitigate those risks. Focusing on 3E’s (Economy, efficiency and effectiveness),
• Applying risk frameworks and testing compliance with the Code of Corporate Governance,
• Testing compliance with SOX (404) guidelines if applicable,
• Conducting detailed testing of controls in place in order to determine whether controls are sufficient to mitigate the identified risks.
• Performing system based tests to determine the adequacy of IT general controls,
• Recommending mitigating controls in weak areas,
• Drafting audit reports, discussion of audit findings with clients and finalizing reports for Partner review.
Summarized details of audit assignments in various clients are shown in the following grid;
Special Assignments
Internal Controls Review at J&P Coats Pakistan (Pvt.) Limited (Subsidiary of Coats Plc)
-Independently handled Stock and Logistics process audit
-Review of internal control systems related to procurement
-Involved in reviewing and identifying weakness in existing policies & procedures, financial reporting and recommended better / leading industry process.
Job Order Costing at Data Steel pipe Industries(Pvt.) Limited
-Job Order Costing and their profitability analysis
-Updating costing manual and relevant overhead rates
-Quarterly Job order profitability analysis using dashboards
Direct Method Cash flow and Costing Model at Aisha Steel Mills Limited (ASML)
-Development of monthly Direct Method Cash flows and its reconciliation with the Indirect method cash flow.
-Development of financial planning & annual budget manual and costing manual.
-Development of costing spreadsheet after resolving gaps in their current process.
-Review of 10 year financial projections and development of direct method cash flow based on it
-Review of their financial model for reasonable assumptions used and its accuracy.
Secondment at National Food Limited (NFL)
Seconded as a Costing and Budgeting Analyst, responsibilities include;
-Product wise/ brand wise profitability analysis
-Review monthly price estimates and probing any deviations
-Asses product margins by performing product costing analysis
-Analyze optimum Stock levels required for efficient and effective utilization of working capital
-Competitor price analysis
- Perform monthly product cost analysis for export orders and assess profitability of orders
-Perform cost adjustments and stock adjustments at month end.
Conducted Internal Audit assignments at International Steels Limited (ISL) (Subsidiary of IIL ), ICI Pakistan Limited (Corporate Division), International Industries Limited (IIL), National Food Limited (NFL)
Internal Audits of the following processes:
-Production & inventory management
-Sales, receivable & distribution management
-Procurement to payment cycle
-Human resource & payroll management
-Financial statement close process
-Capital expenditure audit
-Treasury management audit
-Investment management audit
While working at EFL as an CAPEX/ Project Accountant, I was reporting directly to the Manager Finance and Matrix reporting to the General Manager Finance. My responsibilities include the following:
• Preparation of depreciation outlook for the year.
• Preparing Capital Expenditure Plan and comparing the actual results with budget, along with EOR (Event Oriented Reconciliation) of Depreciation Expense.
• Supervising Assets control system and tagging of assets.
• Prepare presentation for Board Audit Committee related to Capital expenditures and preparing the final notes to the Accounts related to Non-current Assets, Lease Liability of both short term and long term and detailed Disposal note.
• Recording of Fixed Assets and posting depreciation in SAP.
• Tracking and allotting Capital Work In Progress and their subsequent monitoring against allotted budget.
• Providing updated assets lists to different business segments.
• Surprise physical assets counts and presenting findings report to CFO.
• Preparing of monthly bank reconciliations for all head office banks.
• Resolution of reconciling items within targeted time lines.