Finance Manager- Group Reporting
ReThink ME Ltd
Total years of experience :17 years, 9 Months
• Provide system advisory and implementation services to clients based on their business needs.
• Supervise team of accountants and senior accountants for internal bookkeeping and monthly reporting to senior management.
• Prepare actual and forecasted cashflows for all segments of business and provide related analysis for smooth operations.
• Prepare budgets and forecast for all segments of business and provide detailed analysis on variances.
• Supervise software implementation of group companies and ensure continuous development and liaison with service provider.
• Ensure VAT regulatory requirements are been met. Liaison with tax managers and perform VAT compliance.
• Assist clients from diverse business and geographical backgrounds in their financial decisions by providing dynamic business processes customized as per business needs.
• Ensure clients’ books of accounts are managed as per the required standards and issue management reports with analysis on regular basis.
• Analyze profitability by projects, segments and departments. Also prepare the utilization reports of resources allocated.
• Responsible for all matters related to financial management including budgeting, financing, CAPEX, treasury, book keeping, accounting and reporting to authorities.
• Handling the accounting and finance team for day to day operations and routine reports for group companies as well.
• Preparation of Monthly Financial Statements at each cost centre level and its analysis.
• Preparation of budget at each cost centre level and its consolidation at group level.
• Set up and oversee the company’s finance and business IT systems. Leading, cloud based ERP implementation.
• Planning for seamless implementation of VAT and to analyze the impact on business and financial statements.
• Built and maintain healthy relations with banks and other financial institutions to meet funding requirements.
• To liaison with the external and internal auditors for audit, review and other assignments.
Provide support to management and coordination of the company’s financial planning and directs accounting activities within the Finance department while establishing a control environment.
Essential Duties and Responsibilities:
• Assist in the development and implementation of goals, policies, priorities and procedures related to financial management, budget, accounting and payroll.
• Supervises and participates in the preparation of various financial statements with analytical reports.
• Forecast cash flow positions, related borrowing needs, and available funds for investment. Identify different mode of financing channels.
• Directs the installation and maintenance of cost driver, KPI and allocation of cost. Provide management reports for operational and strategic decision making.
• Preparation of annual and interim financial statements.
• Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, operating expenses, and insurance records.
Main objective was to establish a new Internal Audit Department.
• Prepare and implement guiding policies and procedure for the Internal Audit Department.
• Plan and perform the operational, financial, compliance and management reviews/ audits.
• Documents the results of audit work in accordance with the Internal Audit Department standards and Institute of Internal Auditors.
• Analyses and concludes on effectiveness and efficiency of control environment. Also identifies control gaps and opportunity for improvements.
• Liaison with the Executive Management, the Audit Committee and the Board of Directors.
• Assess, evaluate and promote compliance to internal policies of FOCUS Pakistan.
• Performing consulting and advisory services related to governance, risk management
and control as appropriate for the organization.
• Provide advice on internal controls and participates in enhancing internal audit standards and practice within FOCUS Pakistan.
• Evaluate performance of the Internal Audit Department and ensure the effective utilization of resources. Also performance the resource needs analyses to execute the annual plans efficiently.
Responsibilities:
Accounting:
• Overall supervision of book‐keeping function including accounts payable, receivable, accruals, prepaid, fixed assets etc;
• Ensuring timely and accurate closing of books of accounts on a monthly basis;
• Supervision of monthly inter‐company reconciliations with other group companies
• Monitoring of projects & tender based operations.
Reporting:
• Monthly Reporting to Management of Individual Branch/ Unit and Consolidation of Group Companies.
• Different Analysis including Variances in Sales, GP & other Expenses.
• Detailed Working of Finance Cost
Costing :
• Monitoring and approvals of Tender Costing.
• Supervision of Inventory Costing Mechanism.
• Verification of any upcoming projects and contracts.
ERP:
• Leading the implementation of New ERP Microsoft Dynamics GP.
• Preparation of New Chart of Accounts
• Liaison with ERP Team and Other Departments for successful implementation.
• Co ordination with ERP team for developments & modifications in System.
Others:
• Development of Resources for Internal Controls.
• Initiated the process of Budgeting.
• Working on Returns on Investments & Identifying Financing Requirements.
• Reengineering the Mechanism of Sales Commission.
PROFESSIONAL EXPERIENCE (February 2008 to Dec 2010)
National Fullerton Asset Management Limited
Major Responsibilities as Officer Finance & Accounts were as follows: • Forecasting Cash Flows & Fund Position on Daily Basis and Report to Treasury Department.
• Recording of daily investment transactions (Equity & Fixed Income)
• Record daily accruals of Income / Expenses
• NAV execution. ( Net Asset Value)
• Monthly e-filling of tax returns.
• Issuance of sale / redemption price. (Unit Price)
• Preparing Management Reports.
• Assist supervisor in preparation of different reports to Securities and Exchange Commission of Pakistan
(SECP), Mutual Fund Association of Pakistan (MUFAP), State Bank of Pakistan (SBP) and E-filing with
Federal Board of Revenue (FBR) as per the requirements.
• Assist supervisor in preparation of Interim & Annual Financial Statements.
• Provide support to auditors in annual audit and interim review.
• To conduct Branch Operational & Financial Audits with Compliance Review.
• To carry out Management Audits with Compliance Review
• To develop detail audit reports and executive summaries for Audit Committee of the Board and for Management Operations.
• To develop audit & compliance resource.
• Maintain records of monthly activities of Internal Audit Department.
• Extensive traveling across the country.
Special Assignments
• Post Implementation Review of New IT system.
• Internal Control - Gap Analysis
• To Process Payments of Vendors
• Maintaining Schedules for Grants Advances and Adjustments
• Processing and Maintaining Departmental Advances and Adjustments
• Processing Monthly JVs of Grants Receivables, Indirect Costs etc
• Monthly JVs of Departmental Costs and Adjustments
• Worked on ERP (People Soft)
UAECA
ACCA -
BSc Hons. In Applied Accounting- Result Awaited.
Certified Accounting Technician (CAT)
