Commercial Financial Controller & Director - Pakistan
REGUS
مجموع سنوات الخبرة :17 years, 1 أشهر
Key Achievements:
Promoted in less than a year for outstanding achievements.
Nominated as the shareholding director for all the Regus companies in Pakistan.
From a single entity to eight companies: I initiated, gained group acceptance, registered and established the holding company structure in Pakistan.
Preparer and presenter of monthly business review for Pakistan.
Aligned the strategic direction of the company by presenting the country’s annual budget to the stakeholders.
Registered and repatriated foreign currency group loans.
Responsible and head of finance function of all Regus companies across Pakistan. Liaising with the regional office and global shared service centre for the day to day execution of commercial and finance activities.
Monthly and adhoc closings, reporting to the regional office in UAE and then to global headquarters in UK.
As part of the monthly business review, consolidating and forecasting key sales targets, marketing plans and directions of the existing business.
Liaising with Regus’s treasury for obtaining funding for new centres. Obtaining acceptance of loan agreements and repayment schedules. Thereafter, registering of loan agreements with State Bank of Pakistan and ultimately repatriating the loans to the parent company.
Reviewed the existing strategy of the company in Pakistan and prepared/ finalised the annual business plans.
Improving the current business processes according to Regus global standards. Striving for the best and state of the art processes for Pakistan.
Principal owner of the entire corporate matter of the company. Liaising with tax advisors, legal consultants and deciding on appropriate course of action to ensure that company is fully compliant with all its obligations.
Involved in the registration and setup of companies with Securities and Exchange Commission of Pakistan.
Head of Human Resource management in Pakistan, with high level involvement in developing policies to final recruiting of local staff.
Conducted training sessions on Profit and Loss management and cost control for operational team.
Responsible for the entire finance function of the Company and its 3 subsidiaries.
Created a strong internal control system for the finance and operations department and got policies and procedures approved by the Managing Director.
Involved in business planning process, target setting and ensuring divisional plans are in line with corporate goals.
Exercised budgetary control by prime involvement in the 2013 annual budgeting process, communicating budgets, reporting variances of 2012 budgets and initiating corrective actions.
Liaised with top management, department heads and external stake holders for finalizing new leases and multi-million investment projects.
Provided reporting and trend data on key balance sheet and P&L metrics.
Prepared and timely delivered monthly/ quarterly financial statements and adhoc reports.
Effective cash management of the company coupled with liaising with banks such as, obtaining reduced credit terms, timely payments of long term loans and identified potential for maximum returns on term loans and deposits.
Established a procurement department, negotiated prices with landlords and suppliers and increased credit period from 7 to 30 days.
Streamlined the monthly invoicing process, and reduced the receivable ageing from 90 to 45 days.
Developed and mentored a team of 5 Senior Accountants and 1 Assistant Manager.
Key Responsibilities and Duties
Reviewing strategies of assurance services, developing plans by considering areas of risk and conducting audit based upon approved audit plan and resources.
Supervising and preparing consolidated financial statements including formatting and correction of amounts being reported.
Reviewing existing procedures and authority matrix and developing policies and procedures for improving and streamlining of the functions. Simultaneously, ensuring that company’s internal controls are in place and operating effectively.
Liaising with internal and external auditors in preparation and review of variety of report, answering queries and furnishing required information.
Ensuring the maintenance of timely, accurate and analytical accounting records with a high level of internal control.
Providing administrative support for general business operations.
Identifying new business risks on the client and reviewing the management of key risks.
Monitoring and reporting on matters pertaining to compliance of company’s agreements with third parties and regulatory authorities.
Ensuring concise and well-timed preparation of a wide variety of reports.
Staff Responsibilities
Managing 20 - 30 staff in the most industrious way by ensuring fulfilment of needs mutually for clients and staff.
Coordinating with onsite personnel and other internal departments including acting as bridge for flow of information between senior partners and onsite teams.
Ensuring that staff is satisfactorily motivated including identifying the training and other development needs. Further, building cooperation among team member and sorting out issues.
Responsible for performing individual and team performance appraisals.
Key Responsibilities and Duties
Evaluation of government ministries, programs and projects and reporting weaknesses and ways of improvements.
Critically evaluating the accounting principles used and significant estimates made by management in preparation of financial statements and disclosures.
Involvement in business proposals and research.