Finance Manager
Protein Bake General Trading LLC
Total years of experience :12 years, 11 Months
Holds overall PNL/Cashflow and Budget responsibility, monitor monthly Sales and report quarterly and monthly financial results. Keep a close eye on Cashflow to support company’s overall growth. Collaborate with procurement, HR on related matters, and approve supplier payments. Coordinate with the external auditors and ensure local laws requirements/submission to local authorities in time. Support commercial teams in acquiring new customers by making feasibility sheets to achieve desirable bottom line margins. Serve as pivotal point of contact for sales team/sales manager and supply chain teams. Review credit limits, monthly receivable, and
credit policy. Supervise local inventory/reorder levels, whilst highlighting risks and provisions.
Held overall PNL responsibility, monitored monthly Sales and reported quarterly and monthly Financial results to the management. Collaborated with procurement, HR and payroll on related matters and negotiated with suppliers related to transportation and logistics for particular jobs. Coordinated with the external auditors and
confirmed local laws requirements/submission to local authorities. Supported Sales teams for major projects like Formula One event, National Day Events, Christmas events to achieve desirable bottom line margins. Made feasibility reports for new products to advise management in taking decisions whether in-house or purchase from
the market.
My Role Reports to the Financial Controller of MENA with regards to Receivables Management of Valeant MENA Region.
The Receivables Accountant from Netherlands, France and Germany Reports on daily basis about the movement of Receivables.
To manage Middle East LC from start to scratch, submission of all the docs related to LC with the bank for the collection of receivables from the customer.
Monthly reporting to be done to the senior management describing the position of receivables with the related forecasts and sales.
Weekly submission of sales to the management against the targets.
Further I report for the Sales and Receivables of Sharjah Company (MedPharma and Pharmaceutical Company Limited a member firm of Valeant Inc.) to Financial Controller of Valeant Inc. This is includes LC Documentation, Shipment Issues, Supply Chain issues.
I also manage the Fixed Assets of MedPharma Pharmaceuticals which includes Classification of Assets and Valuation of Assets as per the company policy.
Communicating with the customers related to the settlement of invoices payment schedules, any lC issues shipping documents issues.
- My role reports to the General Manager and Finance Manager and my key responsibilities include finalization and preparing the GL reconciliation on monthly basis.
- Bank Reconciliation, Receivables reporting, Payables, Fund Management.
- GL Management and maintain books of accounts
- Managing and supervision of overall company and associated companies accounts, I am dealing with routine customer Invoices, Delivery orders, LPOs, Supplier bills, Receivables, Payables, Inventory and Fixed Assets management along with proper books of accounts through Payment, Receipt and Journal Vouchers. Monthly financial reporting, cash flow and bank reconciliations are generated on every month for management review. Preparing Job profitability.
•Conducting Internal Control evaluation and risk assessments to identify internal control weaknesses and areas of business requiring management intervention to prevent frauds, embezzlement, misappropriations, misuse and wastage of resources.
-Prepared special reports on various aspects of financial management, including asset management, financial reporting, decision support systems, management Information systems;
-Prepare executive summaries for senior management highlighting sensitive issues, both financial and operational, of the business.
-Assist in preparing risk matrix of audit report identifying risk factors that may affect business processes and the recommendations to mitigate the risk to an acceptable level.
-Liaise with departments on conducting special audits.
-Reviewing and evaluating industry and entity level risks of the department, keeping in perspective the impacts on financial statement assertions.
-Understand, evaluate and test accounting and internal control systems of the organization.
-Assist in advising management on accounting and related technical matters against each observation highlighted in the audit report.
-Identify shortcomings in internal controls by performing Inter Control Questionnaires of the particular area of audit.
-Recommend system improvements or corrections to the senior management for better and efficient reporting throughout the department.
•I have performed the following Internal Audit assignments during my tenure up till now:
Audit of Bank Reconciliation’s and Revenue Collection Accounts of all three Byco Companies (BPPL, BOPL and BTPL).
Audit of Insurance Contracts.
Audit of Material Management.
Special Assignment on Freight Payments to transporters of our Petroleum Marketing Business.
Audit of Provident Funds.
Audit of Human Resource Management.
Audit of Payments to vendors.
Audit of Procurements.
Audit of Oil Accounts, Oil Movements.
Audit of Logistics of Marketing Company.
Member of the Bid Opening Committee.
A brief of the major responsibilities, in the present position as an External Auditor included:
Plans and executes assignments, to meet stringent deadlines.
Applying audit procedures as per KPMG audit approach, methodology & tools.
Identify potential areas of entity accounts that can be used to judge the performance
Addressing significant accounting and auditing issues rose during the audit.
Evaluating system of internal control and identifying control weaknesses and report to the senior staff.
During the audit understands the business activities, through discussion with client personnel.
During the Audit we Coordinates with various professionals to identify potential areas.
Reports appropriate direction to the senior staff, highlighting the progress of audit.
Establish working relationships with client personnel.
Review client accounting and operating procedures and systems of internal control.
Banking:
Standard Chartered Bank Pakistan Limited 30 September, 2010 (Review) as an External Auditor
Standard Chartered Bank Pakistan Limited 31 December 2010 (Group Reporting), as an External Auditor.
Standard Chartered Bank Pakistan Limited 31 December, 2010 (Statutory Reporting) as an External Auditor.
