Accounting Supervisor
Faisal Al Qatami Steel Trading Co
مجموع سنوات الخبرة :14 years, 2 أشهر
Accomplishments:
• Instrumental in leading and delivering a world-class accounting and reporting function at Qatami Steel.
• Adopted an ethos of continuous improvement, process standardization and automation. Which facilitated in reducing no of errors and expenses by 5%.
• Key Member of the team charged with obtaining ISO certification to tubes manufacturing division, which enabled attracting new customers/ business.
• Developed and implemented suitable management reporting systems. Delivered Senior Management' report packs. Guaranteed timely MIS Financial Reporting, generating variance analysis on performance, financial position & key ratios.
Responsibilities:
• Commanding day-to-day financial operations, recommending to the Senior Chief Accountant on process improvements, new policies and procedures to have better internal controls and improve performances. Ensuring company financial systems are robust, compliant and support current activities and future growth. Reporting to the Sr. Chief Accountant
• Ownership of generating monthly financial statements and various management reports such as debtors and inventory productivity dash board, branch wise performance reports and rolling cash flow forecast.
• Annual budgeting and planning process owner, collecting approved sub budgets of the respective branches and assisted the Senior Chief Accountant to plan capital expenses and working capital requirements.
• Administering the month end account closing activity by checking all the areas such as branch wise invoicing, purchases, cash and bank payments, payroll, banks reconciliation and month end provision journals.
• Acting as the primary liaison with external auditors, ensuring seamless and efficient operations during audits.
• Helping Branch Managers with developing their annual budgets, inventory and capex requirements.
• Assisting Head of Factory to study factory operations and recommending innovative ideas for better cost management.
• Superintending a dynamic team of Sr Accountants, Credit Control Executives & Cashiers, providing leadership through a combination of empowerment & coaching with objective of encouraging staff dvpt. & elevating team performance.
Accomplishments:
• Instrumental in commanding entire accounting and finance functions of the company and heading finance staff of 20+ across different regions in Sri Lanka. Building human capital capability, strong talent pools and leadership teams to drive growth, innovation & continuous improvement across the Corporation.
• Assisted the Company Secretary and CFO in preparing Board Resolutions and securing approval of the Board of Directors/ Shareholders.
• Recognized for contributing to data-driven business decisions/ offering game-changing insights for resolving challenges - achieving positive operational results, and leading teams in identifying key performance indicators.
• Brains and brawn behind driving continual and sustainable improvement philosophy through consistent exhibit and initiation of Operational Excellence to reduce costs and propel productivity. Including but not limited to:
- 10% reduction in usage of consumables
- 5% reduction in production rejects
Responsibilities:
• Directed the accounting and finance functions of the company including but not limited to collections, invoicing, payments, loan settlements, bank to bank funds transfers.
• Provided analytical support to production and sales team in business/sales planning with monthly financial reporting and various management reports such as factories and sales units and individual sales staff performance analysis.
• Chaired regular debtors meeting with the Sales and Marketing Director, Credit Control Executives, and sales staff to ensure debtors are under control and set policies and procedures are enforced.
• Finalized VAT, Income tax & PAYE, ensured taxes are paid and timely submission of tax returns to the tax department.
• Working capital management by negotiating better credit terms with the suppliers and close monitoring and controlling of raw materials and finished products.
• Controlled robust daily cash operations with reporting on key department accountabilities including cash mgmt. transactions, cash position and facilities position.
• Partnered with the factories General Manager to study various activities in the factory and their costs as well as driving performance metrics by establishing roadmap and best practices.
• Expert Negotiator, led talks with banks which resulted in mitigating financing cost.
Accomplishments:
• Hand-selected for leading financial management of 5 million dollars Orion Towers, a 21-story construction project.
• Successfully completed year-end financial reporting, auditing and arranging AGM under tight deadlines.
• Under my leadership secured BOI investment approval facilities - duty free imports and tax holidays for 10 years.
Thus, registered robust savings of 250K dollars. Managed this challenging task by developing win-win proposal for the Orion Tower Project highlighting/justifying economic benefits to Sri Lanka.
• Nurtured synergistic relationships with banks, executed on relationship map to cover all decision-makers and influencers in the bank, which support competitive interest rate, loans restructuring, annual facilities review and managing banking transactions for the Orion Tower Project.
• Entrusted to participate in the company board meetings and answering the Board of Directors questions. Collated board reports following the board minutes of the meeting.
• Serving as a highly experienced decision maker and valued Advisor to top management on the company’s finance management thus contributing to the company's success.
Responsibilities:
• Ownership of enhancing the company’s financial sustainability/growth and maintaining first-class financial health.
• Drafted and finalized lease agreements with the tenants and renewed them with new terms and conditions.
• Developed investment appraisal of new construction projects in liaison with the Project Manager and presented to the Board of Directors (NPV, IRR, Pay back & ROI).
• Developed project proposals and submitted to the BOI Sri Lanka to secure exemption on imports duty and tax holidays.
• Administered the projects tender process, submitted tenders and ensured important clauses are included.
• Prepared board papers and distributed to the Board of Directors at least 2 weeks prior to the board meeting.
• Drafted company annual report to be distributed to Shareholders and Board Members.
• Mentored and empowered Finance Team to be of high caliber, recognizing and utilizing throughout the business as value added business partners.
Accomplishments:
• Key member of the team charged with business turnaround of ABC computers Pvt. Ltd, associate company of UTE CAT. Within three months turned into monthly profit of Rs.250, 000 from Rs.2 million monthly loss.
• Part of the team member as a finance representative to restructure the ABC computers. Successfully implemented better internal control practices and MIS systems.
• Headed a team and successfully implemented ERP projects.
• Deputized as a Finance Manager in his absence to lead and manage the accounting and finance functions of the company.
• Embedded a strong internal control environment, for enhanced control on all financial aspects.
Responsibilities:
• Provisioned and continuous development of high-quality financial management information. Created monthly and annual reports to identify results, trends, and financial forecasts.
• Spearheaded the whole gamut of accounting functions pertaining to payables, receivables, fixed assets, costing and general financial reporting. Delivered robust, timely accurate financial reporting which is fully compliant with regulatory requirements of all statutory bodies and Group accounting standards and stand up to audit scrutiny.
• Evolved the Financial Planning, Analysis and Reporting process to aid decision-making and alignment of strategy.
• Established company’s annual budget, ensured compliance with current budget and spending policies, and propose improved policies and systems regarding spending guidelines, cost savings, cost allocation, and annual planning.
• Partnered with the Six Sigma team in evaluating their financial proposals on process improvement projects and giving approvals. Aided in registering project success rate of 90%
• Collated quarterly reports to Caterpillar using their standard reporting formats.
• Participated in the company Board Meetings and collated reports according to the minutes of the meeting.
Previous Professional Experiences:
• November 2007 - December 2009: Accountant, Shaqab Abela Catering Services, Qatar
Master of Business Administration (MBA), Postgraduate Institute of Management (PIM) - University of Sri Jayewardenepura Colombo