Manager Finance
Arthur Lawrence
Total years of experience :17 years, 8 Months
Overseeing all aspects of accounting & financial management in the business group. This involves leading a multi-site accounts department with a key role for Group holding entities based in US, UK and Pakistan.
Identified and develop accounting controls and processes to ensure all risks and opportunities are highlighted. Supervises, leads, and support staff of 9.
Responsibilities:
• Critical Profitability measurement, per hour resource costing analysis, Back Office supervision, Business Units Management Accounts, Financial Statements & KPI Analysis.
• Funds Management, Handling of Commercial Banking LOC & arrangement of Working Capital Management through Factoring & private equity financial institutions.
• Compilation of company annual budgets and rolling forecast models to reflect business changes and trends. Challenge business directors to improve performance.
• Full group accounting & financial reporting including consolidation. Report results to board and to 3rd parties. This includes monitoring the commercial and financial performance of all the ERP staffing projects to ensure successful outcome, and includes reviews at costing review stage.
• Group cash flow statements, forecasting, variance reporting presenting project feasibilities
• Payroll administration of W2 & 1099 staff including Back office (Pakistan) staff payroll.
• Handling US/UK Legal compliances - this include group companies (US/UK) LLC, LLP, GP taxes Fillings, Statuary Audit, HMRC Corporate Taxes (UK), VAT claims (UK), IRS / FTB (US), Federal & States Payroll Taxes (US) & US Secretary of State (SOS) Administration.
• Responsible for Back Office Pakistan entity's operation, accounting & financials reporting, regulatory compliance, Taxes, PF governance, EOBI, FBR, PSEB & SECP Secretarial matters.
• General Management in HR, full & final settlements, MIS, leasing arrangements, Treasury management, Insurances matters (incl. General liability insurances, E&O, Worker Compensation & Staff medical / Health insurances).
Achievements:
• Negotiated LOCs, Factoring and arrangement of insecure loans funding other than LOCs to have more liquidity in business resulting in re-development for a sustained staffing project requirement from clients.
• Improved the working capital cycle within the group to ensure payments can be made on time.
• Restructured the business with Partner to cut cost base, including a full management re-structure.
• Completed group tax packs and ensuring tax planning was implemented ensuring the group takes full advantage of group relief and capital allowances.
• System amalgamation and integration. Consolidated three accounting systems to one group wide system enabling greater efficiency and controls
Responsibilities:
• General Business and Business Engagement
• Ensuring a timely and smooth running of weekly payroll for an avg. >80 W2/1099 contractors payroll through IFPS (Intuit Full Payroll Service), ADP & Oasis payroll agency.
• Financial Accounting & ledger reviews
• Funds management through banks, LOCs, Term loans & factoring arrangements.
• Budgeting / Forecasting & variance reporting
• Regulation & Statutory Compliance - dealing with Worker Compensation, IRS, FTB, FUTA & almost 40+ Labor dept. US States for payroll taxes & other statutory compliances.
• Operational Efficiency in P&L analysis / Balance Sheet insights / biweekly Cash flow statements.
Responsibilities:
• Managed the daily accounting function including a ledger team of 3
• Produced a detailed cash-flow model for the company to ensure accurate reporting
• Introduced more controls and concise monthly management accounts procedures
• Created gross margin reports to assist the businesses commercial decision making process
• Responsible for payroll administration, corporation tax computations & statutory accounts
Responsibilities:
• Preparing Limited companies financials, management accounts and complete book keeping.
• Responsible for Financial statements, withholding / sales tax returns monthly and quarterly e-filings, Cash flow statements, budgeting analysis.
• Lead various audit assignments and trained number of junior staff various tasks
Managed BPO Finance & Accounting Outsourced assignments / projects for the following clients / companies:
• Dabur Int’ll Dubai - Asian Consumer Care Pakistan (Pvt.) Limited
• Johnson & Johnson Pakistan (Private) Limited
• National Refinery Limited - Pakistan
• Aga Khan Health Services Pakistan
• Hanover Pakistan (Pvt.) Limited - UK
• Stahl Pakistan (Pvt.) Limited - UK
• PIA - Pakistan
• Shell gas LPG - Pakistan
• Waheed Engineering (Pvt.) Limited - Pakistan
• Renfro Crescent (Pvt.) Limited - US
• Turner Entertainment & Broadcasts (Cartoon Network) etc. - US / Dubai Offices
• Pakistan Gems & Jewelry Development Company
• Engro Polymer & Chemicals Limited - Pakistan
• Packages Limited - Pakistan
• SCOPE (Pvt.) Limited - an NGO - Pakistan
• Quality Traders (Pvt.) Ltd.- Pakistan