وسيم مالك

Review and discuss the company business, help them implementation of financial systems/controls, advise on material transactions and financial restructuring. Comprehend financial and management reporting and support clients on tax reporting. Address specific issues of clients.

Spearhead and manage the strategy and drive the delivery of daily operations related to Company development and teams’ enhancement. Designed & implemented systems, policies & procedures to facilitate Financials controls and revamped internal procedures with regard to work-flow and communications.

Monitored financial performance by measuring and analyzing results, initiating corrective actions and minimizing the impact of variances
Played key role on team for reduction of fuel cost, that initiated saving of USD 5.30 million in 2014 by substitution of low price fuel
Acted as Management representative (Finance) for due-diligence of Lafarge divestment
Analyzed and understood pain points and key drivers while providing financial foresights in assisting the senior management team in decision making and risk taking to further grow the company
Worked closely with CFO, CEO, and Group control & consolidation team for financial matters concerning operations pertaining to business strategy, performance management, budgeting, forecasting, cash management and sales analysis
Established financial operational strategies by evaluating trends; establishing critical measurements; determining productivity and customer-service strategies and designing systems
Provided support for funding activities, banking-negotiating and managing lines of credit, managing relationships and reviewing / negotiating insurance policies
Coordinated with internal and external auditors during annual audit and reviews. Supported process with company documents and internal control checklist
Co-defined the short term and long term strategies while monitoring the implementation progress

Reporting to CFO, recruited to perform financial and operational analysis: monitor and evaluate business performance and evaluate financial consequences of business decisions.

Spearheaded yearly budget exercise, its implementation and control, forecasting, monitoring SWCR, monthly analysis and revamped strategies for any deviation in plan
Oversaw the preparation, completion, review and submission of income tax, and Withholding tax returns within the filing deadlines and in compliance with the local tax law
Managed tax audits and coordinated appeals ensuring all data is compiled to support tax positions taken
Performed planning / forecasting, contributed to financial performance target setting, budgeting and simulated business drivers and cost benefit analysis
Led and monitored Extra mile and Excellence program, a group tool to improve operational EBITDA from new business initiatives and improvement in operational KPIs over last period
Responsible for monthly analysis and Group reporting with commentary and additional disclosures for reporting package and in HFM consolidation module

Closely worked with top management and ensure that all policies and procedures are in line with the local regulations (labor laws, contract laws, mining laws, factory laws etc) and ensure compliance.
Managing Company contracts, advice on legal and commercial terms.
Safeguard the Company against all legal suits.
Liaison with external Legal Counsels for all litigation on behalf of the Company.
Closely work with the Board members, managed meetings of Board of Directors and other Board committees. Ensured the decisions of the board meetings were implemented in the same spirit.
Responsible to look after Corporate Regulatory framework.

Preparation & Compilation of the Financial Statements by preparing; Balance Sheet, Income Statement, Cash Flows, Disclosures to financial statements and Financial Reports.
Worked with Big 4 audit firms for audits and special assignments.
Liaison with external auditors for planning, execution and finalization of statutory audits and reviews within targeted timeline.
Planning and monitoring monthly closing of all financial modules, handle exceptions, review control repots, monthly costing of stocks, intercompany reconciliations and finalization of trial balance, Income Statement and Balance Sheet Report by D+3.
Controlling & monitoring of other monthly financial essential reports like; Revenues, Expenses, Prepayments, Fixed Assets, Bank Reconciliations and Accruals.
Team Leader of plant capitalization team, which capitalized the plant having worth of PKR 17 billion.
Managing complete Accounting framework, monitoring disbursements, follow-up accruals and prepayments.
Review internal control reports; implement financial policies and procedures with regular review and update to improve controls.
Performing the Internal Control Structures and Test of Controls according to the Business Cycles, Procedures, rules & Regulations.
Managing day-to-day work to ensure correct and accurate information on the accounting application & operating system.
Key member in the implementation team for Fixed Assets, Accounts Payable, Accounts Receivable & General Ledger Modules.
Working as Finance Super user for Oracle Financials (Release 11i).

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