Finance Business Partner for Functions
Tasnee
Total years of experience :22 years, 11 Months
Key achievements:
On-time closure of IFRS convergence project as member of IFRS implementation team.
Resolved complex business structure in alignment with legal and financial framework.
Implemented the unique model for analyzing and reporting shared cost globally in SAP environment. Realigned the cost centers to enable the correct cost reporting.
Played a vital role in HQ decision making as a subject matter expert involving IFRS/VAT etc.
SAP power user and represented finance on various projects. (IFRS, VAT, system modification)
Development of allocation end to end process for worldwide shared service cost with combination of SAP and non-SAP.
Using automation to replace manual processes (SAP). Consolidated and prepared multi-level report for > 1000 Cost center report using power query tool, also developed dash board using Power BI.
Turning core finance into a service provider to customers, with >300 players across the globe.
Major responsibilities:
Business Partner Finance is a special role providing financial services to the various Shared Services functions and Corporate Core, as CFO. It Includes detail analysis of GLs/Cost centers on month/quarter/year end closing, compliance with IFRS and legal standards, aligning the HR, MM & FICO module to do correct postings to GL, budgeting & reporting variances, managing KPIs, project planning and execution, strategy formulation and implementation or any other area where finance specialty is required, assuming additional role to facilitate finance BP HQ to in the execution of his work.
The role encapsulates striving to obtain the company corporate and operational goals in addition to the following roles.
Analytical review of various Gl codes and corporate reporting.
Supervision and training of accounting staff and other departments to provide timely and accurate financial information
Finalization of monthly, quarterly and annual financial statements
Preparation of tax and zakat return and submission of monthly withholding tax return.
Coordination with external auditors in their quarterly and annual audit assignments.
Variance Analysis of sales, costs, expenses and net profit.
Costing of new products and changes in the current product formulations.
Coordination and correspondence with bankers and lending institutions.
Coordination with insurers for all types of insurances of the Company.
Examination of payments (including import LC), monthly payroll and export/import LC documents.
Key achievements:
Be part of post SAP implementation phase, successful resolution of gray areas and coping with the new system requirement.
Instrumental in convincing management to modify the past practices.
Successfully cleared pending issues to close internal and statutory audits for years 2012, 2013.
Developed procedures to ensure on time monthly reporting and variance analysis.
Involved in New GL Migration and BPC Project (SAP).
Awarded with the best performance certificate for the year 2014-2015
I have worked as a Supervising Senior Associate in the Deloitte & Touche Riyadh office. My extensive experience with Deloitte & Touche has equipped me with working in divisions like “Assurance and Business Advisory”, “Tax and Legal Services” and “Corporate Advisory & Compliance”.
Roles and responsibilities:
Engagement management that includes planning, risk assessment, supervision, review and finalization of engagement
Coordination with directors/managers to define the extent of audit procedures and to update on progress of the engagement
Liaison with client's management and communication of relevant matters to persons at appropriate level of responsibility
Maintaining good relationships with the client and acting as the clients main point of contact with the firm
Leading large teams and giving on-the-job training, mentoring and professional development
Consultation on significant matters with various professionals in various fields like department of Tax & legal department, EQCR department and IT experts
Ensuring compliance with IFAC Code of Ethics for Chartered Accountants as adopted in Pakistan, International Financial Reporting Standards (IFRS), International Standards on Auditing (ISAs) and International Auditing Practice Statements (IAPSs)
Key achievements:
Successfully handled portfolio of assurance/tax clients delivering the desired results.
Consolidation of twenty eight subsidiaries for one of the biggest group at that time with Deloitte (Year 2008-2012)
Worked as Experienced Senior Auditor in Muscat, performing statutory audits and ancillary services for various clients.
Completed mandatory four years’ training plus one year on job service from of Deloitte Touche Tohmatsu- Pakistan Office, I have worked for the prominant financial and non financial institutions.
Completed intermediate stage and part of Module E of the Institute of Chartered Accountants of Pakistan.