Zonal Controller
Nestlé Pakistan Ltd
Total years of experience :20 years, 5 Months
Lead the team of finance & control of the North zone, having portfolio of USD200-Mio, with five regions and 26 distributions. Custodian of internal control, reporting and statutory& legal compliance toward operations.
• Drive sales & distribution value chain analysis for cost saving/optimization initiatives.
• Implement best practices & bring efficiency in fixed overheads.
• Manage risk to the company by adhering to the risk management policies and procedures and proactively identify risks.
• Improve customer profitability margins &ROIC while optimizing whole value chain.
• Drive the execution / consolidation / reporting of the different planning cycles.
• Provide all required financial assistance to distributors, coordination with treasury department and banks for working capital optimization.
Worked in a co-pilot role to develop & deliver sound business decision support and analysis, aligned with Nestle strategic & performance framework and circulate monthly reports to the regions / zone and ensure compliance towards internal control and Co procedures.
• Develop monthly business review to support management to review brand wise contribution and product mix, both at zonal and regional level to benchmark/ evaluate performance against targets.
• Preparation of Trade spend competency report coupled with it projection to estimate the future
trade spend investment.
• Preparation of distributor wise dashboard to provide support to regional heads in evaluating the distributor performance and improvement areas.
• Preparation of bad good analysis report, build brand wise tool to identify / exploit Issues & opportunities. Visibility of losses by category & type of losses
• Preparation & review of P&L of the Distributor for RIOC improvement.
• Analysis of fixed overhead expesnes/ marketing & other general expenses on monthly basis, and preparation of Dynamic Forecast on quarterly basis with saving analysis.
• Develop strong cross functional relationship to maximize the performance and contribution to achieve organizational objectives.
• Perform operational Audit of the Distribution to ensure compliance with company polices and guidelines.
• Preparation monthly reconciliation of Distributors accounts, follow-up for outstanding adjustments and provide proper reasons for outstanding items.
• Stewardship of trade/fixed assets, Ensure effective control over trade assets inventory through annual verification of trade/ fixed asset.
• FOE monitoring and correction of wrong allocations & timely provision of expenses (Perform random audit of expense summaries).
• Dealing with export Distributors (Afghanistan), preparation of monthly export reconciliations.
• Ensure that daily collections are in accordance with the daily dispatch and deposited into company account on time.
• Check on random basis the stock position of distributors for correctness and to confirm that whether it is in accordance with company policy. Exceptions are to be explained with reasons.
• Co-ordination with the internal audit department during their audit.
Worked in National TB Control Program financed by USAID. My Term of References were:
• Supervision and Audit of the accounting records related to National TB Control program (salaries, per-diem, short term advances etc).
• Preparation of Financial report from National Training Activities.
• Preparation, analysis and consolidation of Budget presented by NGOs/Partners.
• Preparation of National Training Activities.
• Plan and conduct disbursement for program related training activities.
• Preparation of Cash flow statement/ Fund flow Statement.
• Preparation of Bank reconciliation statement.
• Preparation of Financial statements from the statement of accounts.
• Handling all the matters related to procurements for NTP.
• Other program related work as and when assigned by National Manager.
• Handling administrative matters such as recruitments, liaison with NPO and field staff.
Maintenance & Supervision of Accounts independently with parallel run of Manual & Computerized software (Oracle based PIBAS system)
Different reports compiled at branch level and sent to head office
•Weekly & Monthly Trial Balance with its respective schedules
•Weekly Funds Flow & Liquidity Position
•Monthly Portfolio Statement & its reconciliation
•Monthly Customer wise disbursement & Category wise recovery report
•Branch wise & Category wise outstanding position with no. of accounts
•Monthly CIB I & II & III (Credit Information Bureau)
•Monitoring of sector wise portfolio of branch
•Monitoring of NPL’s (Non-performing Loans)
•Profit & Loss of Branch.
• Worked on the assignment on Comparison of WHO accounting system with Government accounting system and UNICEF accounting system.
• Prepared the cash and bank vouchers, using the computer software and followed up the transactions through Bank.
• Process disbursement for program related training activities of various categories.
• Prepared the financial statement from the statement of accounts and generate the financial report from the financial records.
• Prepare monthly expenditure reports and reconciliation from the cash book generated in WHO with the bank statement.
• Maintain accounting record both in US$ and Pak rupees.
• Made myself aware of the rules with regard to salary advances travel claims, financial matters and make calculation in accordance with the provisions.
• Preparation of receipts and payments both in US Dollars and Pak Rupees after Pre-audit.
• Any other task related to different project assigned by World Representative.
The Institute of Cost & Management Accountants of Pakistan was established in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 for the regulation of the profession of Cost and Management Accounting. ICMAP is the sole provider of cost and management accounting education, training and professional certification in Pakistan. The institute has earned reputation both nationally and internationally for its high standard in imparting education and testing. The Institute has been meeting an important national human resource need through a steady flow of professional management accountants to occupy leading positions in the corporate world