Manager Accounts & Finance
Redco International W.l.l.
Total years of experience :19 years, 10 Months
My Key responsibilities are:
• Plan, organise, direct, control and evaluate following Accounting & Financial functions
o Financing of projects through Loan & Borrowing
o Working Capital Management & Control
o Trade and Note Payables
o Capital appraisals
o Reporting of Financial Performance and Results including its Associates & Subsidiaries
o Petty Cash Disbursement & Controls
o Bank Payments & Receipts including Tele transfer transactions.
o Inventory Management & Controls
• Assistance to CFO in development and implementation of following Financial Policies & Procedures
o Accounts Reconciliation
o Bank Reconciliations
o Preparation of Financial Statements
o Budget Preparation, Evaluation, Review, & Follow-up
o Fixed Assets
o Payments, Advances & Accounts Payable
o Cheque Function
o Petty Cash Function
o Payroll
o Treasury & Banking Transactions
o Credit Management
o Sales, Receivable Invoice & Accounts Receivable
o Inventory Management & Controls
o Preparation & Review of Reports
o Filing and Archiving
• Preparation of consolidated Financial Statements by incorporating Associates & Subsidiaries. Review all Joint ventures Financial Statements (Redco Rizzani JV, Rizzani Lotte Redco JV, Redco Porr AKE JV, Redco Porr Vent City JV, Redco PSC JV, Redco Mecon W.l.l.) in order to taking care of interests of Redco shareholders. Review of Cost Sheet of all Projects. Review of Variance Statement & Cost & Benefit analysis for main project activities. Review of Fixed Assets Reporting. Review of General Ledger for appropriate recognition. Liaison with Internal and External Auditor for the relevant reporting.
• Preparation of Forecasted Cash Flow statement, Forecasted Profit & Loss Account & Forecasted Financial Position of the project in coordination with Estimation, Procurement & Design Department after incorporating reasonable basis of estimates and in case of disagreement on reasonability of basis of estimates, the analysis of unreasonable basis of estimate shall be given to all concerned departments.
• Assistance to CFO on evaluation of financial reporting systems & accounting procedure after every 3 Months and make recommendations on amendments in accounting software like development of additional tools or reports in ERP systems, addition or deletion of resources so as to achieve 3Es in financial reporting systems & accounting procedures.
• Evaluation of investment activities of the company for reporting to shareholders and CFO of the company. This evaluation includes financial commentary on key performance indicators, critical success factors, analysis on main constraints on achievement of required performance, ratio analysis comparison with industry acceptable indicators.
• Take interview for the recruitment of staff in finance department along with HR Manager & CFO.
• In case of acquisition or Merger, estimation of net worth of the entity after coordinating the due diligence assignment with Valuator.
• Preparation of financial feasibility on investment decision. Preparation of capital appraisal on purchasing of high value assets. Development of ‘Public Private Partnership Financial model’ in coordination with hired financial consultant for Qatar Government tender.
• Act as liaison between Redco International and its shareholders by responding to shareholders representatives on their queries related to financial performance and financial position of the company and inclusion of CFO remarks (if required).
- Act as liaison between Redco International and its banks (provider of finance) by responding to their queries in relation to financial collateral given in the financing arrangement or in relation to their financial review on quarterly and annual basis.
I have worked with Grant Thornton-World Famous Audit Firm as Audit Senior and Financial Consultant. I work through the planning, execution and conclusion stages of statutory audits and validation of financial reporting packages of national concerns. These entities operate in various industries covering financial institutions,
manufacturing, construction and textile. My responsibilities include engagement management, client relationship management.I also worked as Financial Consultant in Consultancy Assignment of the Firm in Construction and Manufacturing Industry.
Assistance of Finance Manager in Future planning relating to finance especially Working
Capital Management, -Debtor and Creditor management in view of “Receivable and
Payable” Reconciliation and Cash management in view of Bank Reconciliation
Statement.Creation of cost models .Project performance analysis(actual to modelled
forecast).Assess financial impacts of project scope change, Manage of project budgets and
forecasts, cash flow monitoring and forecasts, Project actual reporting, review and
variance analysis, Manage progress claims and variations, Ensure all contractual revenue
is recognized on assigned project, manage billings for designated projects, management of
monthly financial reports to the project manager, produce project and revenue reports.
Chartered Accountant England & Wales
Chartered Certified Accountants
Advanced Diploma in Accounting & Business
Certificate Of CA-Inter from Institute Of Chartered Accountants Of Pakistan.
Certified Accountant Technician (CAT), recently it is known as FIA gradute