Chief Financial Officer CFO
Yangon Door2Door
Total years of experience :29 years, 3 Months
Responsibilities:
Set up internal control mechanisms for protecting organizational assets and minimizing financial risks.
Implement day to day financial decisions based on evaluated daily cash requirements and potential cash flow.
Develop high performing teams, defining and aligning strategic financial and investment plans to organizational growth objectives and other related factors.
Define and align treasury departmental budget with organizational budget for maintaining organizational bottom lines.
Maintain adequate liquidity by optimizing utilization of funds at minimal costs by implementing effective cash handling methodologies.
Participate in various internal and external audits based on statutory requirements and update the senior management for implementing audit recommendations.
Maintain and archive updated financial records of day to day business transactions based on operational and statutory requirements.
Follow up with relevant teams for consolidating and submitting various statutory reports/ filings to government departments within stipulated time frame.
Ensure accurate recording of books of accounts and finalization of Books of accounts, costing of each project with P&L / Net realization.
Prepare and present Cash Flow, Fund flow, Projection of revenue and strategic planning based on management requirements.
Manage payables and receivables to optimize utilization of funds in the interest of the company.
Interact with banks pertaining to day to day working and requirement of the company, vendor’s suppliers, contractor’s payment and other service provider’s payments.
Responsibilities:
Prepared strategic and long-term financial plans aligned to changes in financial regulations and legislation. Managed account payables, receivables and assets including following up and reconciling bank accounts.
Maintained fund availability for investment by evaluating cash flow position and forecasts, managing capital budgeting process and capital structure.
Interacted with banks in ensuring funds availability for various investment ventures, debt restructuring and other financial transactions. Prepared and presented annual budgets to the finance director and the board for approval.
Updated books of accounts aligned to accounting principles and financial reporting standards. Enhanced organizational P&L by implementing effective cost control measures and finalizing product costs.
Collaborated with auditors in conducting annual monitoring activities and implementing various statutory regulations. Conducted organizational cost reduction analyses and managing budget variances.
Rendered consultancy to the senior management in finalizing and strategizing business concepts based on changing market dynamics.
Drafted and presented documents related to project funding and obtaining approval from the banks as well as ensuring adequate fund flow pertaining to day to day business transactions.
Responsibilities:
Partnered with cross functional teams in revamping the existing policies to ensure seamless operations and reported to the financial controller.
Assessed investment opportunities and different business cases and participated in the merging process planning and evaluation
Cross function coordination with different departments (Marketing, Sales, Technical and IT) as well as with Top Management for the planning, executing, and evaluation of new projects and promotions
Evaluated and presented various status reports at senior management reviews to realign policy decisions based on changing market dynamics.
Participated in the Oracle ERP implementation.
Key Accomplishments:
Involved in management reporting, financial planning and budgeting, evaluating audit and financial reports to enable senior management decision making.
Followed up with the concerned stakeholders in ensuring a healthy financial structure for the company based on organizational policies and other statutory regulations.
Collaborated with the senior management in defining & implementing strategies as well as tactical initiatives aimed at accomplishing organizational growth objectives.
Participated in board meetings, internal and external audits based on statutory requirements. Followed up with respective stakeholders in effectively implementing audit recommendations.
Worked on accounting transactions encompassing accounts maintenance, taxation and dividend payout; prepared reports aligned to regulatory and legal parameters
Key Accomplishments:
Managed financial aspects of a manufacturing facility and ensured compliance to various accounting principles/ standards in preparing monthly financials - P & L, Balance Sheets, various MIS as well as analytical reports.
Drafted and presented annual and interim financial statements in compliance to various deadlines and statutory regulations.
Managing the consolidation of the companies group (3 companies in KSA, 1 in Dubai UAE, 1 in Qatar) as well as regular review of each of the group companies
Headed the implementation of Great Plains (ERP), developed a budget and costing system and managed financial consolidation of the group companies (5 companies in 3 countries)
Followed up with various support teams for consolidating data to process vendor payments as well as with collection teams in maintaining receivable targets.
In addition to supervising different financial departments of the group with over 35 employees, reporting to the chairman, main responsibilities included:
+Preparing Budgets & Cash Flows.
+Evaluating financial performance of the Group Companies, thru financial analysis.
+Management Reporting to the Chairman and Board Meetings.
+Preparing Feasibility studies.
+Evaluating financial structures and negotiating finance alternatives.
+Corporate finance (including bond issuing studies& Restructuring companies finance and financial analysis).
+Ensuring good performance of the accounts and correct implementation of 3 branches credit policies.
+Preparing & Evaluating Feasibility studies for medium & long-term loans (new and existing projects).
+Preparing securitization project (for different types of companies).
+Marketing and developing relationships with corporate customers.
+Reviewing and recommending renewal / new facility packages.
- PLanning for the production
- Providing statistical information for the management
- Assuring accuracy schedule of the delivery of goods for airlines and wholesaler
- Planning Poduction schedule
- Follow up of the production and the delivery of export goods
- reporting to the top management