Manager Supply Chain Finance
Haleeb Foods Limited
Total years of experience :12 years, 2 Months
Preparation of weekly & monthly cash flow forecasts and make sure actual outflows / payments stays in line with forecast.
Supervising month end closing. Ensuring timely & accurate booking of provisions & accruals.
Suppliers accounts reconciliations and timely resolution of all un-reconciled items.
Planning & tracking of Finished Goods Freight against budget allocation.
Budget vs actual variance analysis of all inventory items & expense.
Supervising Costing function which include analyzing product costing identifying adverse variances in different cost items and suggesting improvements & monitoring of key cost variables (like Fuel & Power, raw material costs and Process loss) and allocation of overheads to various products & further planning the costs / forecasts with plant team in order to smooth the costs viz. a viz. on monthly basis and alerting the process owners of significant variation in costs during the month & evaluation of CAPEX.
Prepare & analyze project feasibilities in coordination with operational team.
Lead factory finance function. Prepare monthly Forecasts & Annual budgets.
Draft comprehensive costing report on monthly basis and share with higher management.
Preparation of processing cost forecast on monthly basis, performs actual vs. budget & actual vs. forecast comparison, identify causes of major variances and then report to all stakeholders so timely actions can be taken where required.
Co-coordinating with Plant Operations team and enabling them achieving company’s objectives by helping in key financial & business decision.
Responsible for preparing budgets, forecasts and cash flow projections.
Preparing business cases and financial feasibility for new initiatives/projects.
Reviewing all commercial decisions and evaluating their impact on contribution margins .
Review pricing, discounts and rebates recommendations and provide analysis to management for
decision making.
Steer strategic projects acting as a business partner.
Preparing reconciliations of debtor and timely resolution of all reconciling items.
Tracking of cost budgets to ensure there are no budget overruns.
To ensure timely and accurate invoicing to customers.
Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
Monthly variance analysis of production cost i.e. Recipe variance, packing material variance, Fixed & variable cost variance etc.
Perform cost of sales analysis on monthly basis and share with relevant stakeholders.
Identify areas of improvement and cost savings opportunities and report to higher management on timely basis.
Conduct risk based operational audit in accordance with guidance of IPPF.
Monitor and evaluate how well risks are being managed, the business is being governed and internal processes are working.
Improve efficiency of machines and minimize process losses.
Analyze and improve internal operational controls implemented by senior management.
Draft monthly audit plan, compile monthly audit reports and direct reporting to Manager Internal Audit.
Verify compliance with company’s policies and procedures.
Audit and Assurance
•Conducted risk based audits of various clients operating in Textile, Chemical, and Food industries.
Consultancy
•Provided financial consultancy to different clients for business process improvement and obtaining loans from banks.
•Prepared financial statements in accordance with the IAS’s, IFRS’s and other approved accounting standards as applicable in Pakistan.
Other Assignments
•Designed and prepared Profiles of companies.
•Worked as supervisor in financial feasibility survey on behalf of a governmental authority regulating the transport in Lahore. (LTC)
courses: CIA (Certified internal auditor, USA