Finance Manager
Doosan Babcock
مجموع سنوات الخبرة :31 years, 5 أشهر
● Developed and implemented project financial status report for budgeting, forecasting, cost controlling, actual cost accumulation and consistent reporting.
Oversee finance and accounting function in Oracle environment to maintain financial health of the company.
Management financial reporting for UAE, Qatar, Kuwait and KSA to UK Office to facilitate critical business decision making and analysis.
Business unit level budgeting i.e. Long Range Planning, Annual Operating Plan. Forecasting latest position on month on month basis.
Project work in progress follow-up to enforce timely billing and recovery within commercial terms.
Timely accumulation of project cost through high level project review, strengthening monthly accrual, and enforcing requisition raising process.
Risk assessment and commercial terms review of anticipated projects at proposal stage.
Overall supervision of Finance & Accounts Department
Actively participated in selection and implementation of ERP / SAP. Team results included business blue printing, as is process documentation, to be process designing, system configuration, master data creation, defining roles & authorisation, business scenario preparation & testing, Go Live.
Overseeing accounting, controlling, treasury, administration and logistics functions of the company using FICO, PM, SD, FSCM, MM. Reengineer the process in the light of SAP and business needs.
Established accounts payable, accouns receivable to strengthen seggregation of duties, transparency, efficiency, and accuracy.
Timely financial reporting to the Board including trends, anticipated risks, which are critical to the financial performance of the company. Advise the Board, CEO and Project Head on the financial implications of business / project activities.
Forecasting at company / project level to set financial goals in support of strategic directions as well as business needs of the company to achive the desired results.
Collaboratively developed operating policies & procedures for efficient management, cost optimization and process effectiveness.
Designed and implemented framework for assessment of internal as well as external risks associated with the operations of the Company (proposal and project execution stage) enabling it to take timely action for control / transfer of risks.
Facilitated various training sessions on "developing effectiveness", motivation, proactivity, lead by inspiration, etc for the employees of the company and group.
Timely arranged and effectively utilized funded and unfunded facilities for the projects including but not limited to SRU of OGDCL, Kandhkot of PPL, and Manazali project of MOL Pakistan.
Effectively planned in collaboration with the project managers / financial controllers and achieved positive cash flow on various local and international projects.
Reported consolidated results of operations in Pakistan, UAE & Qatar to BOD. Reported geographical results individually in order to evaluate the profitability and viability of each area individualy.
Strengthened the budgeting by introducing excel based financial modeling to set the organisation target with the help of stakeholders and obtain necessary approval from the Board, forging effective cost control and setting appropriate revenue target for the financial year.
Ensured that Company benefits from the most tax efficient option pertaining to taxes and duties i.e. arrangement of Consortium of companies to execute the project(s).
Supervised logistics and customs clearance & transportation of 250 MMSCFD gas processing plant for Mol Pakistan.
Organised administrative function of the company to ensure transparency, service, accuracy.
Designed financial policies & procedures to record financial transactions in structured & controlled manner to ensure reliance on financial reporting.
Strengthened project accounting & reporting through active involvement with the project team to consistently review the latest profitability reports and balance cost to complete the project periodically.
Issued monthly management accounts & reports to the Board in the light of management requirement, budgetary targets by introducing necessary controls to ensure correctness, accuracy, and completeness.
Ensured that statutory financial accounting is completed and reported in accordance with IFRS / company policies.
Fostered spreadsheet financial modeling in order to support proposal making to determine appropriate commercial terms and other financial impacts on the projects based on forecasts, as if analysis.
Effectively arranged delivery and forwarding of plant & equipment for Rehmat project of Petronas and Gurguri project of MOL Pakistan, from various overseas origins to Pakistan by introducing a robust system of shipment tracking and timely delivery including identification & mitigation of the risk associated with each shipment.
Timely arranged customs clearance of the plant & equipment for Rehmat and Gurguri projects including charter shipment of Antonove by obtaining maximum benefit of duty & taxes available under relevant SRO by introducing an effective process of documentation and coordination among the stakeholders.
DFG is a manufacturing unit of denim garments having export of US$ 5 million per annum with assets base of US$ 1 million. DFG has a manufacturing facility from cut to pack 80, 000 garments monthly, and it employed more than 300 skilled individuals.
As a Head of Department, scope of responsibility was diverse and included financial management, import & export of merchandise, financial accounting, and general administration.
Directly interacted with the financial institutions to negotiate and secure appropriate funded / unfunded facilities in connection export of merchandise and other operational activities.
Successfully managed cash position and effectively utilized unfunded facilities.
Introduced system of job costing and variance reporting to control cost and to help merchandiser in pricing for the upcoming designs.
Supervised statutory financial accounting and reporting for onward submission to the legal authorities / financial institutions.
Directly handled income tax / sales tax related matters with the authorities and obtained tax assessments, refund orders, etc.
Successfully handled logistics, import/export clearance of consignments at the ports for onward departure to UK & USA
The World Conservation Union is the worlds largest and most important conservation network. The Union brings together 83 States, 110 government agencies, more than 800 non-governmental organizations (NGOs), and some 10, 000 scientists and experts from 181 countries in a unique worldwide partnership.
Setup effective project accounting system in the project/program office and ensured complete adherence by effectively supervising the teams.
Prepared project(s) budget dovetailing it with project execution schedule so that funds may be made available for payment on time.
Supervised timely capturing of project related costs in connection with budget and determination of completion stage for financial reporting to the donors for release of next tranche of the funds.
Coordinated with the external auditor, tax advisor, legal advisor.