Financial Controller
Nashar Trading Company
مجموع سنوات الخبرة :23 years, 10 أشهر
Leadership & Management
•Maintain a documented system of accounting policies and procedures
•Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives
•Assist CFO in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plan
Reporting
•Providing financial, commercial and strategic support to the business.
•Producing monthly management accounts, budgets & forecast along with meaningful
Commentary & KPI’s to predict the trend of business
•Presenting monthly results, budget variances and ad-hoc analysis
•Responsible for Business Planning, P&L, Balance sheet & liquidity planning
•Assuming overall finance department responsibility
•Financial modeling and analysis
•Monitors and supervise external audit
•Overseeing the Payroll process
•Launch Internal reporting portal of the company
•Assuming the additional responsibility of MIS head
Compliance
•Develop stewardship measures and financial housekeeping of previous year’s backlog to comply with internal controls as well as external local/legal regulations
•Coordinate the provision of information to external auditors for the annual audit
•Monitor debt levels and compliance with debt covenants
•Overseeing internal financial controls to mitigate risks and identify appropriates controls
•Reviewing new & existing business models and capital appropriation requests
•Protects assets by establishing, monitoring, and enforcing internal controls
Budget & Controlling
•Finalization & controlling of construction project budget
•Manage, controlling of opex & capex budget of the company
•Developed & implemented budgetary controls & reporting project wise on monthly basis
Achievements
•Project manager for implementation of in house ERP Application (SSS)
•Negotiate Product cost with supplier resulted 2.3m$ saving in flagship brand “Tuna”
•Define controls in product expiry management ended up a saving of 6m SR
•Modification in commercial terms which reduces product damages by 0.034% of sales & decrease in cash conversion cycle by 15 days
•Successfully implemented JIT system for quick cash conversion cycle which resulted 5m SR saving in warehousing cost & also 1.2m saving in financial cost
Planning & Strategic
•Responsible for safeguarding company in commercial & legal strategies for future organization direction & tactical initiatives
•Assist CFO in implementation of strategic business plans
•Developing performance measures aligned with company strategic direction
•Developed & managing documented system of accounting policies and procedures
Operations
•Responsible for Business Planning, P&L, Balance sheet & liquidity planning
•Manage finance off shores operations (UAE)
•Responsible for consolidation financials results of KSA & UAE
•Provide regulatory management reports & feedback to management, resulting in high quality reporting on trends and issues, accompanied with corrective action
•Supervising monthly stock audit at various location
•Engage in ongoing cost reduction & efficiency optimization analyses
•Review company bottlenecks and recommend changes to improve the overall level of company throughput
•Participate in target costing activities meeting predetermined price goals & margin
•Forecasting & planning cash flow requirement for operation, also to make sure that minimal lending facility used for financing company’s operations
•Management of business partner (vendors) relationships
Budget & Controlling
•Presenting monthly results, budget variances and ad-hoc analysis.
•Manage & controlling of opex & capex budget of the company
•Report to management on variances from the established budget, and the reasons for those variances
•Managing promotion packaging budget
Achievements
•Won best performer award from finance dept for the year 2010
•Finalization of 40 million $ bid
•System application for budget monitoring & reporting including dashboard reporting
•Devised project costing mechanism
•Implemented Fixed Asset module of Oracle Financial 11i in consultation with in house consultants
Planning & Strategic
•Feasibility study of expansion plan of current market/past trends & to help senior
Management in making right decision
•Consolidation and reporting of business units results and driving improvements through
Benchmarking & BPR
•Responsible to develop corporate plan
•Develop performance measures that support the company's strategic direction
Operations
•Responsible for reporting management accounts to BOD and parent entity
•Monitoring and analyzing monthly, quarterly and annual operating results against budget
•Providing financial, commercial and strategic support to the business
•Responsible for Business Planning, P&L, Balance sheet & liquidity planning
•Forecasting of cash flows, identifies the variations and short & long term financing
Requirements
•Arrangement with Insurance Company for health, life and general insurance to safe
guard fixed assets & coverage of human resource
Budget & Controlling
•Management reporting including reasons for deviations between actual results Vs. budget
•Formulating and monitoring budgets for projects including feasibility studies, real time
Monitoring of project costs and variance reporting
•Monitoring actual performance versus budget, analyze the variance, reporting KPI’s to
Concerned BU heads & CEO
•Update & manage operational & capital expenditure budget for department & business units
wise on optimal cost structure
•Developed & implemented budgetary controls & management reporting system BU wise
•Liaison with Internal audit department for implementing process, policies & controls
Leadership & Integration
•To act as business partner to the business unit leadership team
•Developed, designed and implementation of standard operating procedures for Finance
including reporting system
•Design & implement MIS reporting and initiated financial and operational performance
reviews, leading to early correction of unfavorable operating variances
•Design process flow charts with an objective of access operational efficiency
Secretarial Practices
•Convening and conducting of Board and Annual General Meetings
•Preparing notices, Director report, resolutions & minutes of AGM, EOGM, business
meetings and committees meetings
•Drafting minutes & proceedings within set timeframe
•Maintaining secretarial record of the company
•Ensuring the complies of standard legal practice & code of Corporate Governance
Achievements
•Implemented SAP at Ice Cream segment with Siemens Pakistan
•Responsible for consolidation of both segments (Ice cream & Dairy).
•Developed inventory control system with outside consultant
Responsibilities
•Inventory valuation of finished goods, WIP & consignment costing reporting to management committee.
•Leading general accounting function
•Management reporting to management committee
•Supervision of external financial audit.
•Key financial ratios / indictor measuring operational efficiency & reporting of outcomes to management committee
•Budget preparation, monitoring and controlling.
•Supervision & monitoring of capital expenditure.
•Supervision of projects accounting.
•Reporting of brand profitability to management along with commentary on significant variances & ratios.
•Updating media & promotion budgets with the brand managers and agreeing phasing effects in the accounts.
•Cost assessment of imported raw material & finished goods.
•Responsible to supervise, preparation of accounts/business related activities with group companies.
Responsibilities
Order execution, logistics & Vendor management in SAP.
•Prepared, monitored & controlled capital expenditure budget.
•Assets management & Inventory analysis
•Commercial evaluation of tenders / offers.
•Consignment costing, receivable follow-ups.
•Monitoring project cost to avoid cost overruns.
•Preparation of business unit cash flow statements
Associate Certified Management Accounting degree
Fellow member of Certified Chartered Accountant
Fellow Member of Institute of Cost & Management Accountant of Pakistan