Financial Controller
Ultra Medical Group
Total years of experience :21 years, 2 Months
Joined Ultra Medical Group a subsidiary of Abu Nayyan group KSA as Finance Manager Ultra Pharma Company
Joined in Mar 2022 as Finance manager of UPC (Ultra Pharma Company), but due to the resignation of the Director Finance, I was moved to the position of acting Director Finance. I served in this position for 6 months until September 2022 and achieved many milestones. Once the new Director Finance joined I was moved to the position of Financial Controller.
Milestones achieved in the position of Director Finance
• Successful implementation of companywide ERP - Microsoft Dynamics 365
• Successfully enhanced the working capital performance
• Improved the cash conversion cycle for the group
• Introduced and Prepared the annual rolling cash flow statements to predict any leverage requirements in advance
• Managed the Banks facilities portfolio of 150 Million SAR
• Issued the statutory Audit report of the group for FY 2021 from EY
• Successfully implemented the Delegation of authority (DOA) matrix across the group
Milestones achieved in the position of Corporate Reporting Manager
• Prepared the Group financial budget for 2023 and presented to the Board of Directors in the presence of Director Finance
• Prepared and presented the monthly and quarterly financial results to the Board of Directors and committees in presence of the CEO and Director Finance
• Prepared and presented the financial analysis for the Board of Directors meetings
• Prepared for, attended, and presented financial information in several meetings of the Internal Audit committee chaired by the external head of the audit committee
Reporting to CEO
Taking care of full accounting and finance function, through 3 international teams (KSA 2, Egypt 2, and Ukraine 1)
Major Finance functions under operation,
• Accounts Receivables
• Accounts Payable
• Product Costing
• Budgeting
• Banking Finance
• VAT returns
• Financial Closings (Quarterly and Annual), Annual Zakat Filling
• Annual Statutory Audits
• Financial Reporting
• Implementing new ERP across the organization
INTERNAL GROUP TRANSFER
Working as Accounts Manager, reporting to Director Finance
■ Managing the complete accounting/finance Function
■ Managing the Cash Flows
■ Timely reporting to Management to take the calculated decisions
■ Running customer creditworthiness tests for upcoming major clients.
■ Working for the successful implementation of Oracle Fusion in GTS.
■ Preparing reports as per management request.
INTERNAL GROUP TRANSFER
Working as Head of Accounts Payable - Accounting & Finance
Reporting to FM & CFO
■ Establishing the system to track the documents in flow and outflow of the documents in the AP Department
■ Timely managing the payment cycles using aging reports.
■ Managing the Overall Accounts Payable function, with the team of 8 subordinates
■ Budget preparation
■ Other tasks as assigned by the higher management
Working as Head of the department - Accounting & Finance,
■ Reporting to group CEO and GM
■ Controlling all the aspects of the accounting function (LCs, Loans, Accounting)
■ Established the accounting department and system from scratch.
■ Established the system to manage the Fixed asset life cycle
■ Closing accounts on monthly basis
■ Budgeting
■ Costing of the Products
■ Annual audits (from KPMG - KSA)
■ Cooperating and coordinating with Purchases teams, warehouse teams and other tasks as assigned by the management.
■ Filing annual Zakat Returns
■ Correspondence and arranging the documents for the SIDF (Saudi Industrial Development Fund) Loan requests till the initial approval of the loan.
worked as Manager Accounts, my duties includes,
■ Reporting to Chief Executive,
■ Maintaining the Funds flow
■ Working On Oracle Financial Based, Accounting System. Tailor made for pharmaceutical industry
■ Managing 19 branches spread all over Pakistan,
■ Preparation of the Annual expenses budget for 19 branches
■ Approving Monthly Salaries (HO) / Branches Grossing up to 6.5 Million per month,
■ Liaising with the principal banks
■ Finalizing and preparing monthly account summaries
■ Approving all major payments Preparing Exception reports as per management requirements.
■ Enhancing the financial stability by expediting the collections by using aging reports
■ Expert user of excel
Group Includes,
Casamia Star Gesamtplanung Real Estate Brokers LLC (Dubai)
Casamia Star Gesamtplanung Real Estate Developers FZE (Sharja)
Casamia Star Gesamtplanung Real Estate Investment FZE (RAK)
Brains Technology LLC (Dubai)
Supreme Building Maintenance LLC (Dubai)
Working as Group Accountant, my duties includes,
■ Reporting to Managing Director and Chief Accountant
■ Coordination in Preparation of Final Accounts
■ Finalizing Quarterly accounts
■ Preparing customized/exception reports
■ Preparing feasibilities, budgeted cash flows statements, for new projects.
■ Cash flow statements for running projects.
■ Management accounts as and when required
■ Preparing and maintaining Commission receivables and payables.
■ Dealing with all the Accounts Receivables and Payables.
■ Keeping complete computer based accounting records using Quick Books Pro (Firm grip over the Package)
■ Dealing with Principal Bank accounts and performing all the related jobs/transactions
■ Preparing monthly Bank reconciliations
■ Preparing Contracts for the customers and answer the quires regarding the customer financing.
Additional Administrative duties includes,
■ Managing Fleet of company vehicles
■ Overseeing the Salik, Fines, Registration of the vehicles
■ Managing the Employees Personal Files
■ Processing the Visas of the new recruits
■ Processing the exit procedure for employees changing the job
■ Overseeing the General Office Administration Matters
Worked as Manager Accounts (North Wing), Duties includes,
■ Reporting to Director Operations and Executive Director
■ Enhance the accuracy of accounting system by Checking and approving the Payroll grossing up to Rs. 50.4 Million Per Annum (Monthly Rs. 4, 200, 000 Appox.)
■ Maintaining the accounting data using Quick Books Pro.
■ Preparing customized/exception reports
■ Dealing with Principal Bank accounts and performing all the related jobs/transactions.
■ Accounting for with holding taxes Using Quick Books Pro.
■ Finalizing Quarterly accounts
■ Coordination in Preparation of Final Accounts with head office (Karachi).
■ Coordinating with sub-offices (Lahore and Peshawar) and forwarding the financial information to Head Office (Karachi).
Worked as Senior Accountant, and following benefits brought in
■ Enhance the accuracy of financial statements by introducing a new computerized accounting system using Peachtree Complete Accounting
■ Converted the manual data into e-data so that organization can visualize what is achieved during previous operations.
■ Enhanced the Financial position of the organization by managing the cash flows
■ Stream lined filing of Monthly Sales Tax Returns
■ Enhanced the organizational efficiency by motivating the team to work in right direction.
■ Helped the management to take right decision at right time by providing the accurate and timely financial reports and customized reports.
■ Increased the profit earning ratio of the organization by proper cost allocation and by introducing cost polls.
Worked as Accountant, duties included,
■ Maintaining General Journal
■ Maintaining Party ledgers (Payables and Receivables)
■ Preparing Vouchers (BPV s, BRV s, CPV s, CRV s, JV s)
■ Bank Reconciliation Statements
CMA - Finalist CMA is an extremely reputed education in Pakistan, Specifically targeting the Cost and Management Accountancy and the Financial Accountancy. More over following subjects are taught, Foundation 1 Principals of Accounting, Functional English, Economics Foundation 2 Financial Accounting, Management Information System, Commercial Law (Pakistan) Professional 1 Cost Accounting, Quantitative Techniques, Business Communication, Management Sciences Application Professional 2 Advance Financial Accounting, Management accounting, Income tax (Pakistan), Law (Pakistan) Professional 3 Financial Reporting, Strategic Management Accounting, Organizational Behavior and Management, Auditing
MBA
One Year Diploma in I.T. was targeting towards enhancement of Computer based Skills. I Toped the Board of 35,000 students. Following areas were cover the through the period of study, Office Suite MS-Word XP/2000, MS-Excel XP/2000-, Power Point XP/2000, MS-Access XP/2000 (Taught all) MS-Project 2000 Operating Systems Windows XP Professional, Windows Professional 2000, Windows ME, Windows 98, DOS, Red-Hat Linux Computer Languages VB 6(Project developed), C++, HTML, JAVA Script, VB Script Animation Software Flash MX, 5, 4(with action scripting), Swish 2 Graphic Software Adobe PhotoShop 7,6,5.5
Bachlor of Commerce is the education targeting towerd the general knowelge of Commerce. Emphasis is on Taxation, Financial and Cost Accounting, and the Privaling Corporate laws of the Country.