Group Chief Finance Officer
ArchiSite
Total years of experience :17 years, 7 Months
Financial Reporting, Planning & Analysis
• Prepare Project wise Financial Statements on Monthly basis.
• Prepare analysis and compile financial information for participation in potential Government and commercial Tenders.
• Prepare monthly VAT return and in compliance with GAZAT rules and regulation regarding Tax, Zakat.
• Follow up on Project Financing, Risk Management on foreign exchange exposure.
• Prepare operation strategies to ensure collection on time and minimize the quantum of bad debts.
• Provide Gap analysis report based on actual result versus budgeted numbers, to ensure prompt corrective actions and minimize the gap between actual and desired outcome.
• Prepare Annual Budget for Company and its associates and report the comparison with the actual results.
• Prepare analysis and evaluate Key Performance Indicator (KPI) based on the actual results of the company at various levels.
Internal Control Management
• Ensure adherence of effective Internal Controls, by complying company’s standard operating procedure (SOPs), policies and guidelines.
• Maintain integrity of data, by controlling authorities of users in Accounting & Operational software.
• Liaison with Internal & External auditor to ensure periodic audit is carry out as per statutory requirement.
• Manage Working capital by ensuring Receivable, Inventory and Payables to be remain with in defined limits. In addition, aging analysis of debtors and inventory and make an action plan for aged debtors and stocks.
• Conduct reviews and evaluations for cost-controlling opportunities.
Treasury & Trade Finance Management
• Use of Financial Management techniques on new business opportunities.
• Prepare Cash Flows and effectively plan to finance new Investment Plan / Opportunities.
Financial Reporting, Planning & Analysis
• Prepare segment wise Financial Statements on Monthly basis.
• Prepare business plan and potential acquisition by taking management assumption and provided financial data by potential seller, stock exchange, market analysis, market trends and competitor into consideration.
• Provide variance analysis report based on actual result versus budgeted numbers, to ensure prompt corrective actions.
• Prepare Annual Budget for Company and its associates and report the comparison with the actual results.
• Prepare analysis and evaluate Key Performance Indicator (KPI) based on the actual results of the company.
• Prepare analysis and compile financial information for participation in potential Government Tenders.
Internal Control Management
• Ensure adherence of effective Internal Controls, by complying company’s standard operating procedure (SOPs), policies and guidelines.
• Maintain integrity of data, by controlling authorities of users in Accounting & Operational software.
• Liaison with Internal & External auditor to ensure periodic audit is carry out as per statutory requirement.
• Manage Working capital by ensuring Receivable, Inventory and Payables to be remain with in defined limits. In addition aging analysis of debtors and inventory and make an action plan for aged debtors and stocks.
• Managing Costing function all production lines of the company which includes costing of products, allocation of Overhead, normal & abnormal manufacturing losses and valuation of inventories of all these production lines.
• Conduct reviews and evaluations for cost-reduction opportunities.
Treasury & Trade Finance Management
• Prepare feasibility studies on new business opportunities.
• Prepare Cash Flows and effectively plan to finance new Investment Plan / Opportunities.
Achievements
• Successfully implemented KPI (Key performance Indicator System) integrated with Oracle.
• Successfully implemented FOH (Factory Overhead) System for calculation of product cost.
• Successfully implemented BI (Business Intelligence) Module to review financial performance on real time.
• Develop the process of batch cost checking before its closing to ensure that batch actual cost should not exceed from its standard cost.
Financial Planning & Analysis
Preparation of master budget and coordination with concern departments i.e., Sales, Production, P&D, Mechanical and power plant. Including rolling
on budgets with quarterly reviews.
Responsible to produce monthly management reports i.e. financial, production, material consumption and electricity consumption reports in
addition to variance analysis reports for sales, production and utilization of resources.
Performing Financial Analysis and evaluate performance of the organization based on financial statements for decision-making.
Supporting top management to assess viability of new projects and capital investment decisions based on NPV, IRR and payback period techniques.
Calculate projected profit contribution on various bases. Prepare P/L statement for each job order and the whole segment on monthly basis.
Profitability comparisons between business segments, export vs. local job orders.
Evaluating financial viabilities of new projects.
Compute various cost monitoring reports:
Cost of sale and profitability per rupee of sale.
Analysis of Stoppage losses.
Break even Analysis.
Responsible for changes if required in SOP with consultation of all Stakeholders
Internal Control Management
Variance Analysis of standard vs. actual cost for each job order and quality type.
Providing information to top management about product costing which help to set appropriate price of each product.
Define basis for apportionment of joint costs among different products which is an important consideration for true costing of each product.
Liaison with Inter. & Ex. auditor to ensure periodic audit is carry out as per statutory requirement.
Achievements
Successfully implemented SAP Business one Suit.
Successfully implemented and define inventory levels to ensure working capital remain with limits.
Successfully implemented SAP All in One (ERP) FICO Module with the help of SIEMENS as key user.
Successfully Finalize feasibility and financing of 75MW Power Plant and IEM Plant projects having cost 2 billion PKR.
2009 Private Business math & Statistics for ACMA.
2008-2009 Elysium Science College, Muridke.
Physics for F.Sc., Math for F.Sc.
Fin. Accounting for B.Com.
Cost Accounting for B.Com.
2005 -2007 Anmol College of Sciences, Muridke.
Math for B.Sc.
Physics for F.Sc.
Math for F.Sc.
SECURED 100% MARKS IN MATHEMATICS PART-I EXAMINATION.
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