Assistant Finance Manager
Afkar Holding Company
Total years of experience :11 years, 1 Months
* Prepare and review financial management packs, collaborate with each business unit for timely completion and issuance of the statements.
* Analysing the variance and provide commentary on the deviation against budget, forecast and other KPI’s.
* Prepare budget for the coming year, finalize individual entities budget & consolidate for board presentation.
* Scrutinize cashflow for the management to orchestrate funding new projects and repayments.
* Perform due diligence and evaluate potential investments with respect to its impact on the business (NPV, DCF).
* Assist in long term (3-Y, 5-Y) planning financial strategies.
* Business valuations and financial ratio analysis to emphasize return on investment.
* Prepare financial plans for the banks for facilities purpose.
* Manage accounts aging and payables. Maintain relation with suppliers for cash conversion cycle.
* Monitor new projects progress to recognize cost impact on the statements.
* Conduct market research to gather data for strategy building.
* Negotiate with banks for new facilities, extending current and obtain holiday period.
* Monitor property wise performance (Revenue, GP Margin and Occupancy rate)
* Supervising and training junior staff members, providing guidance and support in their professional development.
* Prepare month-end Financial reports, work with the accounting team for timely completion and issuance of Financial Statements.
* Consolidating the monthly financial statements of 32 business units along with sub-sectioning into Food and FMCG division.
* Detailed analysis of financial statement on monthly basis to examine for major variances in revenue/cost vs budgeted and LY.
* Managing budget preparation for the group and subsidiaries. Consolidating the plans and
present in the Board Meeting.
* Analyse financials to help forecasts business, industry and economic conditions in decisions making.
* Create financial models (DCF) and feasibility study for new projects with respect to ROI,
NPV, IRR and payback period.
* Organize internal and external benchmarking of manufacturing costs and factory
performance.
* Gate keeping capital expenditure and monitoring spending vs budget.
* Cost analysis and pricing new product launching in the market.
* Ratio analysis such as Liquidity, Solvency and Profitability ratios.
* Working capital management and monitor accounts aging.
* Data mining to transform large data into understandable reports.
* Work with IT to streamline process and automation of reporting system.
• Prepare and interpret monthly, quarterly and yearly income statement, and trends between budgeted and
actual.
• Preparing, monitoring and forecasting cash flow statement and available fund for investment.
• Preparing budget and forecasting on quarterly basis.
• Create NPV, IRR and ROI models for evaluating financial implications of new investments and provide
recommendations to management.
• Financial securities valuation and its impact on the Financial Statements.
• Analyzing and interpreting various financial ratios and improvising ratios for improved performance of the
company.
• Preparing department’s dashboards, charts and trends to illustrate financial trends.
• Qualitative analytical support to senior team members in investment related decisions such as historical
data analysis and basic financial modelling.
• Develop Management Information System with adding value to qualitative aspects.
• Supervise and coordinate with external auditors and examine evaluation.
• Prepare, review and analyze Financial Statements (Annual/Semi/Quarterly) of Mutual funds as per US GAAP
reporting.
• Portfolio Management of Financial Securities - Schedule of Investment and MD&A Tables.
• Valuation of ETF (Equities, Mutual Funds & futures) and OTC derivatives.
• Net Asset Value (NAV) Calculation.
• Research and analyzing financial information relating to different categories of funds.
• Lead the production call with the off shore partner site.
• Examining inaccurate accounting entries and substituting with the correct one.
• Coordinating with information technology team to automate the process wherever possible.
• Preparation of Regulatory forms filed with Security Exchange Commission (SEC).
Financial Accounting, Management Accounting, Economics, Business Management and Development.
Accounts, Finance, Economics, Taxation and Audit