Rehan Meher
Accounting / Finance
Dubai
Summary of Career
1. Prepare analysis and recommendations on monthly financial figures from business units compared to budget and last year by providing comparison as required by management.
2. Prepare Quarterly budget related reports i.e. prepare complex financial analysis, monthly cost center wise analysis and reporting of variances to management.
3. Preparation of variance analysis reports and investigating the reason for cost control purpose and to make recommendations
4. Works closely with the Manager Costing & budgeting to assess & recommend strategies to maximize business opportunities such as increasing revenues & reducing costs, and evaluate the risks associated with the strategies.
5. Monthly preparation of Cost of Goods Sold Statement along with all annexures.
6. Perform monthly closing accounting activities such as ensuring all material, labor and overhead cost are absorbed on batches produced during the month, and analyses variances in cost of goods sold.
7. Maintain Fixed Asset Register on Oracle Cloud and process the depreciation after ensuring all the capitalization in accordance IAS/ IFRS & company policy
8. Responsible for the preparation of financial statements in line with appropriate accounting standard.
9. Managed daily accounting operations of the entity to ensure accurate and timely recording of Sale Invoices & Purchase invoices, processing of Credit & Debit notes, Sales Return
10. Preparation of Costing Sheet i.e. New Product costing & CIP Programs
Experience as Senior Financial Planning & Analysis
Middle East Communication Network (MCN)
18 January 2019
18 July 2019
Worked as Senior Finance Analyst (P&A) with the Controller’s team, assisting with month end reporting Planning and Consolidation of data from 74 offices in the MENA Region.
- Prepare analysis and recommendations on monthly financial figures from business units compared to budget and last year by providing comparison as required by management.
- Provide analysis and recommendations on annual and revised budgets, challenge assumption and propose revisions on monthly basis.
- Ensuring intercompany balances are reconciled & reported without any difference.
- Reviewing Prepaid Expenses, Other Payables, Accrued expenses, Loans & Advances, other P&L and BS items.
- Analyze reports from Oracle and MCN’s online tool.
- Prepare consolidated schedules as per the monthly & quarterly requirement from IPG (parent company) in Hyperion.
- Analyze the unit financial health, primarily by using key financial ratios.
- Assist in preparing monthly consolidated reports required by management.
- Provide Internal Control, ensure compliance with all Group Policies & Procedures and assist Units in running their Operations effectively.
- Performs month-end review of results to ensure accuracy.
Experience as Senior Accounts Executive
Brookes Pharma Private Limited
19 September 2016
31 December 2018
- Budget preparation for all Business Unit Annually. (i.e. Revenue, OPEX & CAPEX).
- Prepare Quarterly budget related reports i.e. prepare complex financial analysis, monthly cost center wise analysis and reporting of variances to management.
- Preparation of variance analysis reports and investigating the reason for cost control purpose and to make recommendations.
- Works closely with the Manager Costing & budgeting to assess & recommend strategies to maximize business opportunities such as increasing revenues & reducing costs, and evaluate the risks associated with the strategies.
- Monthly preparation of Cost of Goods Sold Statement along with all annexures.
- Develop & maintain a proficient system of verifying and supervising Import purchases and ensure the accuracy of landed cost. (i.e. lot cost for batch).
- Supervise payments against Import Consignment Custom Duty & its Clearance.
- Supervise Payment Import & Clearing agent invoices & Freight Charges.
- Manage the closing costing process run on Oracle EBS after ensuring the correct COGS with Oracle Fusion Cloud.
- Manage LC Limits, LC Opening & Payments with Bank & treasury section.
- Produce Product Costing for new product development & costing for pallet manufacturing.
- Perform weekly verification over the system calculated batch cost in Oracle and rectify the changes if any required.
- Perform monthly closing accounting activities such as ensuring all material, labor and overhead cost are absorbed on batches produced during the month, and analyses variances in cost of goods sold.
- Maintain Fixed Asset Register on Oracle Cloud and process the depreciation after ensuring all the capitalization in accordance IAS/ IFRS & company policy.
Special Assignment:
- Successful Implementation of Oracle (R-12) with PWC team of LCM Module, Costing Module, Inventory, Fixed Asset & Payable Module along with its full integration.
- Successfully accomplish the task of Implementing Fixed Asset Register.
- Finalizes Project Feasibility Plan of Printing Press & New Ampoule Filling Line.
Experience as Senior Finance Officer
Amarant Pharmaceutical Pvt. Ltd.
22 July 2015
18 September 2016
- Responsible for the preparation of financial statements in line with appropriate accounting standard.
- Preparation of Budgets based on Forecasted Projections of all SBU’s. (Budgeted Profit & Loss).
- Prepare Actual v/s Budgeted results for management on monthly basis.
- Produce product costing / Batch wise costing of the products.
- Material Ledger Reconciliations on Sample basis to identify differences.
- Maintain Bank Reconciliation on ERP Software Sidat-Hyder.
- Inventory adjustment as per Physical Audit on quarterly basis & report irregularities to management.
- Prepare fund flow statement representing all inflows and outflows and report to management on a weekly basis.
- Recording Vendor’s Invoices, Closure of Control Accounts (Travelling),
- Posting of Sale Invoices & Material Issuance transaction.
- Processing of Vendor’s Payments and resolve their queries, if any.
- Perform Creditor Reconciliation whenever required.
- Provide Tax Challans to Vendors.
Experience as Finance Officer
Maple Pharmaceutical Private Limited
01 August 2013
21 July 2015
- Assist in preparation of budgets based on Forecasted Projections.
- Assist in preparation of Costing Sheet i.e. New Product costing & CIP Programs.
- Present the Product feasibility plan of Export sale – which involves decision of product continuation or discontinuation.
- Preparation of Sales Incentive for Local Sales Team.
- Strong control over ageing analysis & Monitor Collections from all SBU’s.
- Provide Cash Flow Deviations of all SBU’s to Management on a weekly basis.
- Debtor & Creditors reconciliation on Quarterly basis. (Mainly Creditors).
- Monthly Sales Reconciliation of all SBU’s & its reporting to Management along with the Management Report.
- Provide Graphical Presentation of Monthly Sales (local), Area, Territory, product & Units wise Sales Variances.
- Perform Monthly reconciliation of Inter Company Inventory Transfer (Raw & Finished Goods).
- Managed daily accounting operations of the entity to ensure accurate and timely recording of Sale Invoices & Purchase invoices, processing of Credit & Debit notes, Sales Return, Stock Transfer & Bonus Claims.
- Maintain & Updated the Party Wise Rate List for all SBU’s.
- Follow up on Advances of Suppliers, Supplier Payments & their queries.
- Provide Yearly Purchase Certificates to Trade Debtor.
Matric 01 June 2006
Computer ScienceMaster 01 June 2014
Economic and Finance