FINANCE MANAGER
ZAMIL COOLCARE
Total years of experience :33 years, 11 Months
Zamil Central Air Conditioner / Zamil Coolcare, a branch of Zamil Industrial Investment Company, is a premier air conditioning equipment manufacturing & HVAC Service provider. I am reporting to Vice President (Operations) of both companies having Manufacturing Division/ Maintenance Contracts Division/Projects & Retrofit Jobs Division/Parts Division and responsible for the following Finance & Accounts functions;
Compile and present detailed monthly, quarterly financial performance reports of all divisions & all regions with the details of area for improvements and achievements during the reporting period to V.P.
Preparation of Budgets and support VP to fix all divisional & regional General Managers-PEDP target.
Also provide adequate timely financial performance review reports with exceptional variances details to all Divisional & Regional General Managers and support them, through appropriate financial advice on major business decisions to improve the business performance and enable them to achieve their divisional objectives & targets.
Responsible for Cost control and application of Costing Methods & Techniques.
Service stream wise/Area wise/ Major contract wise profitability analysis and highlight the area where it is possible to improve.
Cash flow & Inventory Management.
Formulate & adherence of policy & procedures to enhance the Internal controls.
A. Financial Accounting, Reporting & Control:
Ensure that accounting records are prepared, maintained, timely and accurate preparation, presentation and delivery of monthly and annual financial statements in accordance with the Company’s accounting policies, recommended accounting standards and related accounting principles and practices.
Direct the development of the policies, procedures and systems.
Ensure an appropriate, efficient system of internal control is functioning well at all times.
B Capital, Revenue Budgets & Control:
Directs preparation of annual budget and analyze budget variances.
Ensure payments/commitments for capital and revenue expenses are in accordance with the approval limits.
Provide inputs in developing/ creating the Key Performance Indicators (KPIs)
C. Working Capital Management.
Directs to prepare accurate daily cash flow. Review receivables ageing and follow up for timely collection of receivables.
D. Inventory Management:
Ensure proper accounting of all receipts and issues of materials, consistent method & proper valuation of issuing materials.Conducting periodical physical verification of stocks and review & control variances. Review Slow & Non moving items & recommend for its timely disposal.
E Application of Costing Methods, Techniques & Control:
Prepare cost sheet for various products. Setting up of standards, compare with actuals and review the variances. Advice management for proper pricing in line with market trends and various situations.
F. Management Information Reporting:
Oversee the effective operation of the Company’s computerized financial/management accounting & reporting systems.
Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information.
G Liaison with Audit/Bank/Insurance:
Plan, directs and coordinate risk and insurance programs of establishments to control risks. Manage relationships with company’s auditor & bankers,
1. Accounts finalization & audit
2. Maintenance of inventory records and preparation of all
inventory reports like monthly product wise actual material
consumption details, non moving & slow moving reports.
3. Preparation of Budgets
4. Preparation of Product wise standard cost and actual cost
details
5. Liaison with Auditors & Banks.
Mishradhatu Nigam Limited, a Government of India enterprise under Minsitry of Defence having diversified facilities such as Melting, Forging, Hot & Cold rolling, Bar & Wire drawing and Powder Metallurgy and produces wide range of Forged, Hot & Cold rolled bars, slabs, wires and coils of Super Alloys and Special Steels in which I am responsible for maintenance/preparation of
Cost sheets and Cost esitimates for pricing of various products,
Capital and Revenue Budgets,
Standard Costing and setting up of standards,
Variance analysis and reproting,
Productwise actual material consumption and variance,
Complete Inventory analysis includes Material cost & Usuage analysis, Non & Slow Moving analysis,
Analysis of expenses, allocation and apportionment of overhead.
1. Maintenance of inventory records.
2. Preparation of product wise actual & standard cost
3. Apportionment and allocation of overhead
4. Preparation of all type of variance reports & slow moving, non
moving reports.
5. Participate in preparation of budgets.
Passed in First class.
Passed in First class and scored 70% marks.