Head of FP&A and Business Control
Tanmiah Food Group
Total years of experience :16 years, 3 Months
Cost Management & Profit Optimization
• Analysis of wastage & unproductive costs suggesting the corrective action
• Review of cost center accounting to ensure reliability
• Monthly reporting of inventory and slow moving items
• Reporting analysis of customer, product & segment wise profitability
• Allocation & reconciliation of overheads
• Reporting of variances in product costs
Budgeting, Planning & Forecasting
• Act as the focal point to communicate with cost centre holders in completion of budget and consolidation at unit level
• Ensuring the budget focuses on KPIs for each part of business and is aligned with overall strategy of the business
• Profitability analysis with reference to specific sales initiatives
• Financial modeling of rolling forecasts for profitability analysis
• Preparation of 5 yearly financial projections
Business Partnering
• Evaluating business proposals & communicating financial consequences of business decisions
• Decision support financial modeling for strategic & tactical initiatives
• Providing insights on operational efficiency & effectiveness
• Assisting management in costing & pricing strategies
• Production of monthly presentations on organizational performance for management team
• Target costing for specific sales & marketing initiatives
• Assisting management in capital investment decisions through NPV, IRR & Payback calculations
Budgeting
• Analysis of proposed budgets with respect to budgeted activity levels in coordination with departments for optimization
• Developing innovative budgeting models, Automated planning spreadsheets to ensure effective budgeting flow & reliability of forecast financial data
• Preparation of budgeted financial statements
• Reporting of actual versus budget comparisons
• Profitability analysis with reference to rolling forecasts, campaigns
Costing
• Setting standard cost of product
• Reconciliation of stocks
• Detailed review of cost center accounting to ensure reliability of actualization process
• Allocation and reconciliation of overheads
• Calculation & reporting of variances identifying reasons, Margin analysis and management accounts
Management Support
• Decision support modeling for specific tactical and strategic initiatives
• Working in coordination with production teams to identify and eliminate wastage
• Capital budgeting
• Working in coordination with sales & marketing teams on support modeling for pricing decisions
Projects:
Worked as a representative of Finance function in a cross functional team constituted for reducing & controlling the material wastage costs.
My responsibilities were to ensure the reliable and timely information is reported to the management & the team regarding
• The extent and the areas where material is being wasted, Identification of the key areas and working as a finance business partner with production function to provide them financial insights to the actual extent of wastage
• Working with IT team to help them design reports by identifying the key numbers
• Working with supply chain & production functions to provide information on the results caused by the updates of Bills of Materials
We discovered that previously the consideration was given to the materials that were wasted in larger percentages without giving any consideration to their values. The changes we made were to ensure we are looking at the data both in quantities & values so that the real issue of financial loss could be first dealt with and the continuous monitoring be made more meaningful. The result of this project brought down the wastage of material by a significant margin
Adv Dip MA CIMA UK
Qualified as a Cost & Management Accounting, Specialization in Cost & Management Accounting, Financial Management & Reporting, Financial Controls & Cost Controlling
Completed Bachelor's in Commerce from University of Karachi
