Controller: Finance, Accounting Compliance
OTIS LLC
Total years of experience :18 years, 4 Months
Financial Reporting and Working Capital Management
Preparation of monthly, quarterly and annual Corporate Management Reports
Supervising the month end closing to ensure completeness of accounting record. (monthly closing)
Review of reconciliation in ARMS Accounting Reconciliation Management System
Working Capital Management, monitoring and analysis of capital employed: fixed assets, inventory, prepayments and accounts receivables
Monitoring the daily/quarterly cash flow and managing the Creditors payments
Perform Revenue, Gross Margin and Operational Expenses analysis by contract, customers, product or geographical location
Cash Flow, Banking and Corporate Finance
Negotiating and Finalizing banking facilities required for projects.
Monitoring the LCs, Bank Guarantees, and Bonds for the project and ensuring compliance
Preparation of Monthly, Quarterly and Annual Cash Flow Projections
Performing and monitoring hedging with UTC Treasury
Preparation of business review and forecasts, participation in monthly business review meetings & presentation of results
Ensuring corporate matters of Dividend and Board Resolutions are addressed adequately
SOX Compliance
Ensure 100% compliance and reporting as required by SOX
Performing internal control analysis and sample based audits to ensure compliance with SOX
Performing compliance audits with Regional Controllers on quarterly basis
Corporate and Other Areas
Support the Commercial, Legal and Finance teams for any financial due diligence activity related to M&A transactions
Act as a focal point contact between external consultants and internal teams for all financial due diligence activities and audits
Ensuring that all government regulations and requirements are disseminated to appropriate personnel, and monitoring compliance.
Work with the CFO and GM on the strategic vision including fostering and cultivating stakeholder relationships on all levels, as well as assisting in the development and negotiation of contracts.
Other duties as directed on an ad-hoc basis
Financial Accounting/Reporting
Preparation and analysis of Financial Statement in accordance with International Accounting Standards and International Financial Reporting Standards.
Preparation of monthly, quarterly and annual Corporate Management Reports
Preparation of quarterly and annual consolidation package for group consolidation (consol package).
Supervising the month end closing to ensure completeness of accounting record.(monthly closing)
Review of reconciliation of ERP modules. (ERP reconciliations)
Working Capital Management, Monitoring the daily/quarterly cash flow and managing the Creditors payments.
Monitoring day to day operations to ensure implementation of financial and operational controls. (Internal controls)
Budgeting, Planning, projections and Cash flows
Preparation of annual Master Budget and Projections
Preparation of projections (cash flow analysis) for banks and management for strategic decisions.
Preparation of overall feasibility of the project with help of projects and development department.
Monitoring of budget utilization throughout the year. (Budgetary controls).
Preparing cost report for management-Cost Report
Preparation of Financial Statement in accordance with International Accounting Standards and International Financial Reporting Standards.
Preparation of monthly, quarterly and annual Corporate Management Reports (MMR)
Supervising the month end closing to ensure completeness of accounting record.(monthly closing)
Review of reconciliation
Working Capital Management, Monitoring the daily/quarterly cash flow and managing the Creditors payments.
Monitoring day to day operations to ensure implementation of financial and operational controls. (Internal controls)
Financial Analysis
Maintenance of Joint Venture accounts
Treasury and Banking Matters
Cash flow management
Preparation of annual budgets for Centarus (Mega Mall, and Appartment) Project in Pakistan
Review of cash flow forecast for Construction and Other businesses
Management and review of working capital including cash funds from banks
Preparation of Financial Models for Cash Flows
Review pricing and feasibility of the projects
Monitoring compliance of Zakat and Income Tax.
Taxation, Liaison with tax consultant on company taxation and other tax issues.
Business process re-engineering, Preparation and review of financial policies & procedures in line with corporate office policies & procedures.
Coordinating with external consultant in Audit.
Preparation of Financial Statement in accordance with International Accounting Standards and International Financial Reporting Standards.
Preparation of monthly, quarterly and annual Corporate Management Reports (MMR)
Preparation of quarterly and annual consolidation package for group consolidation (consol package).
Supervising the month end closing to ensure completeness of accounting record.(monthly closing)
Review of reconciliation of ERP modules. (ERP reconciliations)
Working Capital Management, Monitoring the daily/quarterly cash flow and managing the Creditors payments.
Monitoring day to day operations to ensure implementation of financial and operational controls. (Internal controls)
Financial Analysis, Installment analysis, Customer options analysis, Due Diligence and Company Valuation
Preparation of annual Master Budget and Projections for next three years.
Preparation of projections (cash flow analysis) for banks and management for strategic decisions.
Preparation of overall feasibility of the project with help of projects and development department.
Monitoring of budget utilization throughout the year. (Budgetary controls).
Negotiation of Short Term Running Finance Facility with Banks and monitoring principal repayment and markup at due dates.
Preparation of Budgeted/Forecasted Cash Flow for assessment of financing requirements.
Finalization of financing agreements with the banks and creating liaison with Corporate Office.
Monitoring compliance with the covenants agreed in financing arrangements.
Placement of excess funds with the banks and coordination for operational issues.
Monitoring compliance of Income Tax Ordinance 2001 by ensuring proper timely filing of annual Income Tax, WHT, Sales Tax and FED Returns.
Taxation, Liaison with tax consultant on company taxation and other tax issues.
Development of overall audit strategy and formulation of audit plan in accordance with assessed risk in critical and significant audit areas.
Finalizing audit planning in accordance with International Standards on Auditing and KPMG Audit Methodology.
Review and finalization of work performed by audit assistants.
Development of audit tests aimed at reducing audit risks execution and completion of various audit assignments.
Identifying and summarizing material audit issues and differences during the audit and assisting engagement director and partner in resolving the material issues identified.
Carried out review of operations and system review of banks credit department.
Supervising the audit of bank branches and review of operations
Verification of compliance to applicable laws and regulations and reporting requirements as are applicable to organizations. (The list of organizations reviewed is attached herewith.)
Review of corporate matters and ensuring compliance thereon in the light of Code of Corporate Governance
Advising the clients on Corporate and Taxation matters.
Chartered Accountant ACCA