Experience as Manager Finance

• Employer

• From

  01 July 2020

• To

  20 March 2020

• Detail

  • Full accountability of consolidated monthly management accounting & reporting to CEO, Group CFO & Board.
  • Improved credibility of accounts in line with financial regulation & legislation i.e International financial reporting standards, accounting principles & procedures.
  • Expedited month- end / year-end financial close process for accurate & reliable results for business decisions.
  • Developed & executed process improvements, financial policies, quality control on financial health for optimization & strengthening internal control.
  • Expedited overall financial planning, reporting and analytical support to operations, business leadership team & board to help achieve business and financial results.
  • Formulated group-wide financial projections, trends, revenue & cost analysis & ad-hoc reporting based on historical financial information & business inputs.
  • Managed investments, cash flow, cash forecast & liquidity management & reported to Board & CEO.
  • Mobilized audited group consolidation (external & Internal audits) being lead interface.
  • Partnered CEO for strategic business plans, formulated budgets & forecasts, developed & aligned financial strategy with business for effective implementation, reviewed periodically & ascertained variances (sales & costs) together with key issues & report findings with corrective actions.
  • Worked closely with internal audit committee in identification of finance & operational risks, developed mitigation strategies, benchmarked with other units & minimized exposure to losses.
  • Identified weakness & recommended strategic initiatives to CEO for operational improvements through benchmarking view of balance score cards.
  • Monthly and ad hoc business unit’s profitability reports to CEO and relevant departments.
  • Managed, approved & disbursed monthly group payroll after detailed verification of legitimate deductions.
  • Fixed Assets management & Capex & Opex costs reduction.
  • Built strategic relationships with group shared services (Strategy, I.T, HR, Operations, Legal, Payroll, Procurement) & other stakeholders including customers, vendors, banks, insurance to optimize resources with least cost & good governance.
  • Responsible for filing VAT returns, dealt with Federal Tax Authority (FTA) for tax audits & governance matters.
  • Assisted sales in analyzing competitors’ pricing & matched with market trends in establishing target pricing.
  • Monitored account receivable & payable aging of customers & suppliers to ensure timely collections & optimization.
  • Liaised with bankers & financial institutions & other capital markets for fund raising / long- & short-term financing.
  • Implemented ERP software’s (E-Freight, Afsys, E-Commerce delivery) & HFM management. Developed & compliance of delegation of authority matrix.
  

Experience as Manager Finance

• Employer

• From

  01 September 2012

• To

  30 June 2015

• Detail

  • Finalization and presentation of monthly standalone & group financial statements to Board, Group CFO & CEO.
  • Finalize regional budgets through close coordination with all business units.
  • Effective implementation of the approved budget & forecasts, monitoring & periodic reviews, report on budget variances (actual vs budget & LY actuals), identify key issues & report findings with potential corrective action.
  • Identify weakness and recommendation of strategic initiatives to CEO for operational & processes improvements through benchmarking view of balance score cards (BSC’s) on monthly basis.
  • Establishing new & review / modify existing SOP’s, policies & procedures to ensure sound internal control in line with directives from The Diplomat Group.
  
  • Timely completion of external & Internal Audit compliances being the lead interface of audits.
  • Evaluation and controlling risk through close coordination with commercial / operational divisions.
  • Detailed analysis of every ACMI chartered agreement with customers through close coordination with director business ensuring completion of agreements including services, pricing, payment terms, flight related terms, liability insurance etc.
  • Establish relationships & ensure through close coordination with all stake holders 100% availability of services before each charter flight including but not limited to provision of fuel, maintenance related services / parts, en-routing & navigation, ground handling, catering, flight dispatch etc.
  • Assistance through coordination b/w engineers & suppliers for maintenance (Boeing) for aircraft heavy maintenance. Inventory checks and ensure availability of spare parts inventory for line maintenance.
  • Work closely with CEO & Director Flight on roster’s management of crew members to maximize efficiency.
  • Developed incentive policy / per diem plans for Captains, First officers, flight engineers, load masters etc.
  • Calculation of cost and benefit analysis for aircraft long /short term parking and ground handling services for each UAE airport to ensure aircraft grounding cost remain as minimum as possible.
  • Assistance in arrangement of hotac and flights for periodic simulation trainings of all crew members.
  • Dealing with IATA, ICAO, GCAA, security and relevant legal authorities to comply with directives.
  • Developed 100 Million USD business model for wet leasing of aircrafts for Saudi Arabian airlines cargo project.
  • Arrangement of Financing, Working capital and treasury management.
  • Preparing revenue and cost analysis for each flight operation, recommendation for price changes to senior management basis changes in cost of services.
  • Goal setting for teams, periodic performance review, guidance and trainings to ensure department objectives are in aligned with objectives of company as per directives of the Group.
  • Managing Investments in lucrative portfolios.
  • Tax planning, computation, preparation and filing of corporate & VAT returns.
  • Fixed assets management, sales & debtors’ schedules, purchase and creditors’ schedules, payroll, prepaid, advances, bank reconciliations & schedules supporting balance sheet and P&L statements.
  • Diligent control over accounts receivables close coordination with sales team and personal follow ups
  • Preparing feasibility studies on new projects /new lines of activities.
  

Experience as Manager Finance

• Employer

• From

  01 May 2011

• To

  30 August 2012

• Detail

  • Preparation of Company’s Annual Budget ( Region wise & Consolidated).
  • Finalization of 10 year's forecast for working capital requirement.
  • Preparation of company’s financial statements on monthly basis and reporting of variances for cost control
  • Liaison with external and internal financial auditors during yearly audits.
  • Presentation of Monthly Expense analysis and relevant reports to senior management to keep management posted on volatile items / heads for improvement
  • Finalization of business performance reports and reporting to UAE and Germany
  • Dealing with Government Board of Revenue during annual Income tax & sales tax assessment.
  • Ensure all income tax & sales tax returns, declarations and relevant reports / statements (Yearly, quarterly & monthly) are submitted accurately and on time.
  • Lead, direct and develop a team of accounting staff to ensure accounting activities are completed accurately and on time.
  • Projected Monthly Cash Flows and controlling of funds for better liquidity management.
  • Planning, arrangement and controlling of remittances to foreign vendors.
  • Dealing with banks for arrangements of various modes of foreign transactions.
  • Finalize costing of BMW Cars and Spare parts and assist relevant concerns in pricing of BMW Cars and parts for generating sales and after sales revenues.
  • Health, Life and general insurance to safe guard fixed assets as well as human resource.
  • Liaison with import agent, government ministries, diplomats to ensure timely execution of supplies of goods and services.
  • Continuous monitoring of Debtors to ensure them remains within allowable limits.
  • Ensure with the help of team an implementation of ERP based GL, Sales, Purchase, Inventory, Petty cash, Bank Reconciliation, & Payroll Accounting modules in Oracle.
  

Experience as Deputy Manager Accounts & Tax

• Employer

  Faran Sugar Manufacturing Limited

• From

  01 July 2009

• To

  30 April 2011

• Detail

  Prepare Company’s Financial Statements accurately and in timely manner for the review of senior
  management.
  -Review all financial reports and accounting statements to ensure their accuracy.
  -Manage day to day accounting activities in accordance with organizational policies & Procedures.
  -Manage ongoing relationship with external consultants & advisors such as External Financial
  auditors, Tax advisors, Legal consultants to ensure company receives excellent services.
  -Ensure all Income tax & Sales tax Returns, declarations and relevant reports / statements (Yearly,
  quarterly & monthly) are submitted accurately and on time.
  -Liaison with Financial institutions for acquiring Finance.
  -Tax Planning (Corporate & Individual).
  -Liaison with Federal Revenue Authorities in Finalization of Income tax assessments & Sales tax
  audits.
  -Project Accounting, cost controls and controls on project billings (Capital & Revenue Exp.)
  -Develop an effective MIS to enable the functional and operational team members to take timely decision and review the company performance.
  -Successful implementation of GL, Sales, Petty cash, Stores and Bank Reconciliation ERP based
  computerized solution.
  - Finalization of Cost Audit report as per legal requirement, audit compliances & reconciliation with
  Financial Accounts.
  -Analysis of Financial ratios and its presentation in published financial statements.
  -Develop and implement SOP’s.
  -Assist HR in developing HR Manual and policies.
  -Cash Flow Monitoring.
  -Secretarial & Corporate Governance compliance.

Experience as Manager Accounts, Tax & Costing

• Employer

  Yamaha Motor pakistan

• From

  01 July 2002

• To

  30 June 2009

• Detail

  -Analysis of monthly Financial Statements and reporting to senior management.
  -Supervision of External Audit compliance.
  -Finalization of Income Tax Return.
  -Finalization of Income Tax Assessments – Liaison with Consultant & Tax Departments.
  -Preparation of Budget & Forecasts and comparison with actual.
  -Verification of monthly Sales Tax Returns.
  -Verification of Advance Income Tax, monthly withholding income tax statements.
  -Analysis of auto parts’ cost of production for original equipment manufacturers.
  -Verification of various corporate forms filed on yearly basis.
  -Verification of payments made to suppliers.
  -Verification of Import Costing notes.
  -Meetings with higher management on monthly, fortnightly and weekly basis.