Finance Manager
Yvolv LLC
مجموع سنوات الخبرة :21 years, 8 أشهر
To lead finance & accounting teams to develop / maintain finance and accounting goals and assuring proper maintenance of accounting records.
To prepare and presentation of annual budgets, along with strategic planning, capital budget allocations and project finance control.
To analyze current performance, prioritizing growth opportunities, preparing business model, conducting variance analysis and implementing corrective actions.
To implement credit control and collection/receivables management, credit files(deals) review and recommend for approval, management of credit controllers and debt collectors, effective credit risk management and compliance with credit policies and procedures, collection Management and Receivables accounting & reporting.
To develop and propose financial policies and procedures and update them according to business need to maintain an internally controlled workflow.
To ensure final and interim external audits are carried out in compliance with agreed audit plans and prepare company reply to the auditor’s management letters.
To manage relationships with the banking community for the Negotiation of competitive rates for company and ensure company maintains within agreed credit limits and bank facilities.
To lead finance & accounting teams to develop / maintain finance and accounting goals and assuring proper maintenance of accounting records.
To prepare and presentation of annual budgets, along with strategic planning, capital budget allocations and project finance control.
To analyze current performance, prioritizing growth opportunities, preparing business model, conducting variance analysis and implementing corrective actions.
To implement credit control and collection/receivables management, credit files(deals) review and recommend for approval, management of credit controllers and debt collectors, effective credit risk management and compliance with credit policies and procedures, collection Management and Receivables accounting & reporting.
To develop and propose financial policies and procedures and update them according to business need to maintain an internally controlled workflow.
To ensure final and interim external audits are carried out in compliance with agreed audit plans and prepare company reply to the auditor’s management letters.
To manage relationships with the banking community for the Negotiation of competitive rates for company and ensure company maintains within agreed credit limits and bank facilities.
To regulate, supervise and implement a timely, full and accurate set of accounting books of the firm.
To Assist / deputize the CFO/Directors and participate in departmental decision making to ensure resources are effectively utilized and timescales are met according to standards.
To develop and propose financial policies and procedures and updates them according to business need to maintain an internally controlled workflow.
To prepare Budgets / Forecasts, working capital management, monthly variance analysis of budget vs actual and breakeven analysis, monthly presentation on financial results to Managing Director and Management.
To implement continuous financial audit and control systems to monitor the performance of the firm, its flow of funds, the adherence to the budget, the expenditures, the income, the cost of sales and other budgetary items.
To maintain a working relationship and to develop additional relationships with banks, financial institutions, Insurance and capital markets with the aim of securing the funds necessary for the operations of the firm, the attainment of its development plans and its investments.
To fully computerize all the above activities in a combined hardware-software/ERP and communications system this integrates with the systems of other members of the group of companies.
The group owns three vegetable ghee/cooking oil factories.
1. Associated Industries Pvt. Ltd in Nowshera
2. Hafeez Ghee & General Mills Pvt. Ltd in Multan.
3. Oil World (Pvt.) Ltd in Karachi
The group also owns IMGC Global Pvt. Ltd which is involved in Relief, Rehabilitation & Reconstruction supplies since 1986. IMGC is registered with United Nations organizations, international NGOs, US govt, USAID, multilateral international organizations and have excellent performances record.
Areas of responsibility\
To regulate, supervise and implement a timely, full and accurate set of accounting books of the firm reflecting all its activities in a manner commensurate with the relevant legislation and regulation in the territories of operation of the firm.
To implement continuous financial audit and control systems to monitor the performance of the firm, its flow of funds, the adherence to the budget, the expenditures, the income, the cost of sales and other budgetary items.
To timely, regularly and duly prepare and present to the Board of Directors financial statements and reports as required by all pertinent laws and regulations in the territories of the operations of the firm and as deemed necessary and demanded from time to time by the Board of Directors of the Firm.
To prepare and present for the approval of the Board of Directors an annual budget, other budgets, financial plans, business plans, feasibility studies, investment memoranda and all other financial and business documents as may be required from time to time by the Board of Directors of the firm.
* Beach Luxury Hotel
(A Hotel of Avari Group - Avari Tower, Avari Lahore Hotel and Avari
Dubai Hotel)
Dates: Nov. 2008 - Jan.2010
Job Title: Financial Controller
Areas of responsibility\
Ensures timely and accurate preparation of financial and management reports, in compliance with quality, standards, and objectives specified by Corporate Office
Ensures that all legal, contractual and licensing documents comply with the legal requirements of the country.
Reviews potential risk exposures of Hotel and arrange for insurance coverage in line with Corporate Office and legal requirements of the country.
Manages risk exposures of Hotel due to negligence and unforeseeable accidents.
Ensures compliance of internal control standards specified by Corporate Office and recommends improvements.
Documents and implements policies and procedures to ensure proper internal control in all operational and financial aspects of the hotel and company.
Reviews accounts receivable, payable, payroll, store, front office cashiering, F&B cost control, purchasing, credit control and MIS procedures to ensure internal controls are adequate and effective.
Supervises the timely preparation of payroll and reports to ensure payments to employees.
Manages the Finance personnel so as to maintain optimum productivity from them.
Organizes, coordinates and plans the hotel’s annual budgets on time, for review by Corporate Office
Areas of responsibility
Managing the Month End Financial Reporting Process, including reporting of P&L, Balance Sheet.
Liaison with external and internal auditors as and when required
Ensuring that standardized systems, processes, and controls are in place in all areas of the business to track, measure, and maximize operational efficiency and effectiveness
Performing self assessments of the control environment and preparing and delivering improvement plans
Keeping abreast of changes in financial regulations and legislation
Working closely with operations to assist in the preparation of strategic plans
Working closely with operations to assist in the preparation of risk profiles
Intelligent, with excellent analytical and strategic skills. Good business judgment and problem solving skills
Exceptional communication skills are necessary both oral and written; proven ability to work effectively in a matrix environment
Capable of quickly establishing credibility and persuading professionals at all levels
Proven ability to work to deadlines
Areas of responsibility
Manage all financial operations including financial and management reporting and review and analysis of financial data related to company's performance
Evaluate, assess and maintain appropriate financial and accounting policies and practices of the company
Assist management improvement in the internal controls and process works flows in all respects of the business
Facilitate management in strategic and value planning
Provide timely and accurate financial reports and be responsible for cost management