Financial Analyst
Fahad International Group
Total years of experience :19 years, 7 Months
•Preparation of financial statements monthly, quarterly, half yearly and annually in accordance with SOCPA policy.
•LC’s(Letter of Credits) Import LC’s establishing as per contract or as agreed by importer and exporter. LC Amendments, Bills settlements, Documents collection up to Finalization. Export LCs reviewing and preparation of required documents as per LC and submission to the bank.
•Letter of Guarantees) Primary/Performance (Final)/Advance Payment Guarantees and Counter Guarantee. Preparation submission, obtaining and handing over to concern
department.
•Oversee treasury activities across company to optimize the company’s liquidity position by arranging required credit facilities with various financial institutions.
•Insurances policies Projects(CAR)/Property(PAR)/Third Party Liability(PLI) obtaining policies as per requirement of Ministry Contracts (except Employee Benefits, which are
maintained by the HR Department).
•Maintaining and managing daily group bank positions.
•Ensure the efficient management of company’s bank accounts.
•Reviews account payables and accounts receivables and weekly check runs.
•Determines proper handling of financial transactions and approves transactions within designated limits.
•Compiles and analyzes financial information to prepare entries to general ledger accounts, cost centers and documents business transactions.
•Closely maintains and monitors the fixed assets system.
•Checking and recording of monthly salaries after finalizing from HR.
•Monthly reconciliation of bank accounts.
•Monthly reconciliation of intercompany ledgers.
•Monthly allocation of general expenses in to projects as already defined.
•Monthly recording of depreciation, amortization, EOSB, vacation allowance, ticket allowance and any other accruals which are necessary to be recorded.
Liaise with external auditors and ensuring timely completion of audits.
• Filing of VAT returns.
·Preparation of financial statements, monthly, quarterly, half yearly, yearly and conducting audit yearly;
·Managing all tax (income tax, sales tax, custom) matters including correspondence with tax department and attend hearings;
·E-filing of annual income tax return of company and directors;
·Maintaining leasing records and dealing with banks;
·Obtaining finance form banks like running finance, FATR ect;
·Budgeting of payment schedule of creditors;
·Opening LCs and Monitor imports related activities from Correspondence with supplier to obtain proforma invoice till receiving goods into factory door (warehouse);
· Monitering Labour related issues like: EOBI, SESSI and conduct audit;
·Maintaining insurance records, claim and correspondence with insurance companies;
·Monitoring invoicing, E-filing of sales tax monthly returns, income tax withholding statement, yearly e-filing of sales tax and income statement;
·Checking and verification of Journal, payment and received vouchers;
·Checking and verification of daily and monthly stock position of raw materials and finished goods;
·Preparation of financial statements and conducting audit;
·Managing all tax matters including correspondence with tax department;
·E-filing of monthly sales tax return and income tax statements;
·Maintaining leasing records and dealing with banks;
·Budgeting of payment schedule of creditors;
·Maintaining insurance records, claim and correspondence with insurance companies;
·Monitoring invoicing and payments, Checking and verification of Journal, payment and received vouchers
·Checking and verification of monthly stock position;
·Conducting physical stock taking;
·Supervising the preparation of fixed assets and stock register;
·Other assignments intending by management.
·Analysis and verification of actual daily cost sheet job wise and process wise;
·Analysis and verification of process and route wise costing monthly.
·Analysis of dyes and chemicals reconciliation and take corrective action to remove any abnormal variance, monthly.
·Preparation and analysis of utilities (Gas, Electricity, Water and Steam) reconciliation machine and department wise monthly.
·Preparation of utilities costs sheet.( ie. Per unit cost) monthly.
·Physical stock taking of dyes and chemicals of central and sub-store checking of any difference between book balance and physical stock and take corrective action, monthly.
·Analysis and comparison of standard overheads with actual overheads, monthly.
·Analysis of customer and design wise profit & loss account.
·Preparation of standard cost sheet of different products.
·Various special reports intended by management.
·Computation of actual cost of products (Job, Program and customer wise)
·Determination of standard cost of products.
·Preparation of cost sheet products and customer wise.
·Analysis of contribution margin.
·Analysis of wastage including processing and stitching.
·Analysis of each component of cost namely: greigh cloth, processing, stitching, packing and export costs.
·Valuation of finished of finished goods stock unit wise.
Audit Trainee
Associate certified management Accountant