Group Finance Manager
Saudi Building Material Company Limited
Total years of experience :29 years, 5 Months
25 years’ experience in the field of Accounting & Finance working with the title of Chief Accountant and Finance Manager in diversified manufacturing environments where my job description always been consisting on every financial business division which gave me conceptual understanding to deal with any aspect of business, I have been reporting to higher management which enhance my capacity to resolve the issues as leader.
I have developed and implemented financial planning strategies, including budgeting, forecasting, working Capital management and Variance Analysis
Internal audit external audit, company secretory work, development of management information System, Internal Control, Banking matters, export import documents, costing, budgeting etc. SAP (FICO) & Oracle Financial, I have gone through every business management segments.
I am fully capable to lead Accounting & Finance Department and affirmed to execute any relevant task to get maximum optimum result.
I have been visiting faculty member of Biztek Institute of Management Sciences, Karachi-Pakistan
• Develop and implement financial strategies, budgets, and forecasts.
• Conduct financial analysis, evaluate financial performance, and identify areas for improvement.
• Provide financial insights and recommendations to support strategic decision-making.
• Monitor key financial indicators and prepare regular reports for management.
• Financial Reporting:
• Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.
• Ensure compliance with accounting standards, regulations, and reporting requirements.
• Analyze financial data and present findings to management and stakeholders.
• Develop and maintain internal controls to safeguard company assets.
• Cash Flow Management:
• Manage cash flow, including budgeting, forecasting, and monitoring of cash flows.
• Optimize working capital and liquidity management.
• Implement strategies to minimize financial risk and maximize return on investment.
• Budgeting and Cost Control:
• Develop and oversee the budgeting process.
• Control costs, identify cost-saving opportunities, and recommend cost-cutting measures.
• Monitor expenses and analyze variances against budgets.
• Financial Risk Management:
• Identify and assess financial risks, such as market fluctuations, credit risks, and operational risks.
• Develop risk mitigation strategies and policies.
• Monitor and manage financial derivatives, hedging activities, and investments.
• Foster cross-functional partnerships to drive financial success and improve processes.
• Preparation of Financials/ Consolidated Financials (for External Audit purpose)
• Coordination with external Auditors for supporting external audit requirement
• Periodic Profit & Loss for internal reporting
• Working Capital Management
• Credit facility management, Murabaha, LC, Short term, Long term Loan
• Cash Flow Forecast/Budgets
• Break even analysis
• Formulating Strategic long terms business plans
• Monthly unit Cost analysis/Project Costing
• Customer Credit Analysis
• Textile costing (yarn to readymade garments)
• Income Tax and VAT return filling & other statutory Returns
• Export / Imports documents
• Order wise standard costing and variance
• Monitoring of Purchases of raw material as per order to control the cost
• Conduct physical inventories
• Developed and maintained internal control system
• Inventory Activity reports
• SAP & Alkon Reporting
• ERP implemented
• Preparation of Financials/ Consolidated Financials (for External Audit purpose)
• Periodic Profit & Loss for internal reporting
• Working Capital Management
• Banking matters
• Cash Flow Forecast/Budgets
• Break even analysis
• Formulating Strategic long terms business plans
• Monthly unit Cost analysis/Project Costing
• Customer Credit Analysis
• Textile costing (yarn to readymade garments)
• Income Tax and VAT return filling & other statutory Returns
• Export / Imports documents
• Order wise standard costing and variance
• Monitoring of Purchases of raw material as per order to control the cost
• Conduct physical inventories
• Developed and maintained internal control system
• Inventory Activity reports
• Textile costing (yarn to readymade garments)
• Income Tax and VAT return filling & other statutory Returns
• Credit Facility management with banks
• Letter of Credit/Bank Guarantee
• Refinance Loan Adjustment/pre-shipment Loan/Post Shipment Loan Adjustment
• Preparation of projected Financials for banks
• Murabaha facility from Islamic Banking
• Export / Imports documents
Exporter and Manufacturer of Readymade Garments
Major subjects: Advance Accounting , Audit, Financial Management , corporate Finance
FINANCIAL ACCOUNTING, COSTING, ADVANCE ACCOUNTING, BANKING, EXTERNAL AND INTERNAL AUDIT, TAXATION