Manager Accounts & Finance
Afia Noor Textile Industries (Pvt) Limited
Total years of experience :22 years, 0 Months
Monitoring Financing facilities (STF, FATR, CF, TERF, and assets lease) and day-to-day transitions.
Monthly Budgeting, Comparison with Actual, and providing feedback for improvement.
Monitoring of Banking and Cash Transactions on a daily basis and updating cash budget accordingly.
Provide feedback on investing and financing activities for strategic decision-making.
Implementation of New ERP (Eccountant) and development of internal control, Policies, and Procedures.
Finalization of financial statements on a monthly basis and providing analysis to management.
Coordination and correspondence with departments regarding corporate and tax affairs of the company.
Developing internal control, Policies, and Procedures and completely different kinds of audit assignments.
Checking Costing and Material consumptions, & presenting variance analysis to management for improvement
Reducing cost by Conducting reviews and evaluations of cost-reduction opportunities on the basis of analysis.
Supervised monthly stock-taking, and analysis reports, and took approval for adjustments if any.
Checking of Monthly sales tax returns and reconciliation of withholding tax.
Financial Management LC, RF, LC limits, FATR (Finance against Trust Receipts) & Insurance of Assets.
Monitoring of Banking and Cash Transactions on a daily basis and Leasing of Assets.
Monthly and annual Budgeting, Comparison with Actual, and providing feedback for improvement.
Monitoring import of Material and Export of Finished Goods and making necessary arrangements with Banks.
Finalization of financial statements on a monthly basis and ratio analysis.
Managing chart of accounts and monitoring it on a regular basis.
Sale and recovery targets are set for the sales team with an incentive plan and present variance analysis.
Checking Salaries, wages, commission, and traveling expenses and providing suggestions for improvements
Checking Product Batch Order Costing, Variance Analysis, capital budgeting, forecasting, and Projections.
Monitoring Ageing of Receivables promotes collection and Payables to provide input for improvement.
Checking of Sale Tax Returns, WHT statements, & IT returns before submission and submitting them within due dates, monthly, quarterly, and annually. Advance management of Sale tax on the basis of settled KPIS.
Managing Sales tax notices and submission of necessary record/records as demanded by the Department.
Provident Fund Management (Collection, deduction & Investment) & Fixed Assets Management
Preparation of Financial statements monthly, semi-annually, and annually (P&L, B/S, C.F).
Analysis and projections (Data Analysis, Ratio Analysis, Cost Variance Analysis, Equity Research Analysis, Discounted cash flow, capital budgeting, forecasting, and Projections.
Monthly and annual Budgeting, Comparison with Actual, and providing feedback for improvement.
Monitoring and interpreting Fund flows, forecasting, related borrowing needs available funds, and ensuring that sufficient funds are available to meet ongoing operation and insurance of Assets.
Arrangement of financing facilities, LC, RF, ERF-I, EFR-II, Murabah, Musharika, FE-25 & and forward booking.
Leasing of assets, import of assets and raw materials and look after different kinds of corporate matters.
Provident Fund Management (Collection, deduction & Investment) & Fixed Assets Management
Sale Tax (Filling of returns and Managing notices) and Income Tax (Filling Statements and managing Notices)
Analysis of sale, Recovery, purchase, payment, and Aging Reports both receivables and Payables.
Present section-wise monthly costing report with variance analysis and including suggestions for improvement.
Checking different department’s monthly reports (Store, Production, WIP, Finishing, Quality Dept.) & Prepare Executive Summary on Audit workings. Verifies assets and liabilities by comparing them with their documents.
Assist management in understanding various risks, and errors in implemented software that helped to increase work efficiency & Developing SOPs. Checking of cost sheet and variance analysis - item-wise.
Budgeting & Costing
Receivable and Payable Management
Reconciliation
Management Reporting
Analysis on Financial Statements
Monitoring Dispatch and control recovery
Reconciliations
Receivables and Payable Management
Preparation of data for income tax
Audit of salary Sheet
Monthly Stock Audit
Cash Handling
Wages and Salary Preparation
verification of stock reports
preparation of different kinds of vouchers
Maintain the record of sale tax data
Accounting, Financial Management analysis, and decision making.
Banking and Financial Management