Financial controller
swarco Saudi llc
Total years of experience :11 years, 10 Months
Developing financial strategy, including risk minimisation plans and opportunity forecasting
High-level financial reporting and analysis
Regular budget consolidation
Cash flow management
Improving efficiencies and reducing costs across the business
Stakeholder management
Debt management and collection
Preparing company tax and BAS statements
Ensuring compliance with statutory law and financial regulations
Developing financial reviews and providing investment advice
Payroll processing
Working closely with management or executive teams to share reports and analysis findings
Internal audit:
*Developing overall group strategy as a member of the senior management team, defining policies, procedures, standards and financial plans to enable achievement of goals and increase work quality.
*Present an annual internal audit plan by reference to the risk management framework to the Finance & Audit Committee for their approval.
*Develop and maintain the Internal Audit Procedures to ensure that best practice is taken into account.
*At the conclusion of audit visits to provide a full briefing to the Chairman and CEO ensuring that their comments are recorded as part of the review and also present the audit report to the CEO & chairman.
*Performs preliminary planning and establishes the direction for audits, provides leadership to assigned auditors, manages the project to quality outcomes while meeting established time & budget.
*Reported directly to CEO and supervised a team, monitoring reliability of financial reporting, compliance with laws and regulations, and safeguarding of company assets and reviewed all periodical financial statements against IFRS and US GAAP standards
Enterprise Resource Planning:
Evaluating & recommending changes to current ERP System requirements to meet organizational needs.
*Managing an organization's database and ensuring the efficient flow of information among departments.
*Creation of Forms/Performa and reports that relates to ERP Development Supervising developments undertaken by IT resource to provide guidance throughout the project.
*Handling large data through SQL Query and presenting it in form of Structured Reports.
Risk Management
*Working primarily through Directors, advisors and CEO, to ensure that a major review of the risk map is undertaken at least twice a year and ensure that risk and control register is properly maintained.
*Ensuring that risk and control register structure is updated to make sure feedback from directors and advisors is taken into consideration so that they are made aware of any changes and consider major risk areas in relation to operational and strategic management.
Project Management:
*Creation of Project Charter for all projects and development undertaken in the company.
*Supervising the project team so that the project cost is monitored according to project scope.
*Handling of Projects by following Agile and Scrum Methodology through use of different project management tools e.g. Monday.com, Ms. Projects, Trello and Asana and monitoring the key risks involved.
Key Achievements
*Optimized Budgeting processes to reduce annual procurement costs by 27%.
*Identified deficiencies in leave encashment calculations during the payroll audit, saving over 2.5 Million costs annually.
*Designed and developed over 50 financial and non-financial reports within the ERP system.
*Conducted a thorough business reengineering to redesign the internal business processes, incorporating necessary controls and ensuring proper value addition.
*Successfully implemented Risk & Control Matrix (RCM) within the Group.
*Successfully intergraded payable and collection module with two banks i.e. HBL & MEEZAN BANK.
*Delivering ERP implementation projects of multiple suites and applications in companies related to Banking, Education, and Manufacturing Sectors.
* Supervises a team of functional & technical consultants during the implementation cycle of Oracle Financials.
* Designing and reviewing ‘AS-IS’, ‘To-Be’ and testing strategies and activities at clients for different modules
* As a Techno-Functional Expert, analysis of core business processes and identification of control
weaknesses to standardize and streamline the processes.
* Exploring automation and standardization tools such as Robotic Process Automation, Lean methodology, and Effective Task Management. (Hybrid)
* Leading system trainings and information sessions based on business processes and embedded controls
* Day to day coordination with Client’s Management & periodic correspondence with Board of Directors.
* Providing post Implementation support and reviews of both financial and non-financial business
processes.
* Evaluating significant controls relating to various business processes, identifying control deficiencies and recommending improvements.
Key Achievements
* Completed five end-to-end ERP implementations in companies related to Banking, Education and
Manufacturing Sectors.
* Completed Several ERP implementations applications (Oracle HCM, Financials, & Business Intelligence) as a project manager within the given deadlines despite having teams with less than what was required.
* Supervised an internal training program, fully trained 11 apprentices
*Review of Compliance with the applicable local laws and industry-specific regulations which mainly include Companies Ordinance 1984, Income Tax ordinance 2001, Code of Corporate Governance, and Sales Tax Act 1990.
* Co-ordination with professionals in various fields i.e. Legal, Actuarial, System process assurance, and IT experts provided guidance and supervision to the work performed by the junior members of the team.
* Conducted Inventory physical exercise involving the use of expert preparing & filing income tax returns of different companies and other correspondence with the tax department.
Key Achievements
* Acquired Knowledge of Tax, Statutory external audits, assignment review, servicing financial institutions, manufacturing concerns, oil and gas companies, NGO’s and service providers.
* Worked as a part of the internal audit team and performed various procedures to ensure proper internal controls design and implementation.