Experience as Accounts Executive

• Employer

  Stylo Shoes

• From

  04 January 2010

• To

  31 March 2013

• Detail

  • Supervising the GL, AP, AR, FA & Inventory Modules.
  • Ensured and validate that all accounting entries are incorporated in the company accounts after verification of all supporting documents and approval from designated authorities.
  • To Prepare, plan and closely monitor Funds movement by focusing on timely generation of Invoices, follow up and chasing of Receivables and administering Payables.
  • Verifying and processing company Payroll.
  • Sales Tax filing.
  • Ensure that accounts are kept up to date to reflect all the transaction of the business, including reconciliation with the bankers, debtors, creditors and groups companies.
  • Preparation of Bank reconciliations, Petty cash reconciliations.
  • Supervising physical Stock taking on monthly basis.
  • Uploading Audited Stock on system.
  • Liaison with Internal and External Auditors.
  • Preparation of pro forma Financial Statements according to IAS, IFRS&SECP.
  • Ensure compliance with all Government laws and regulations.
  

Experience as Senior Cost &Management Accountant

• Employer

  Concept Piping Systems Industries LLC (GGICO Group)

• From

  01 May 2013

• To

  30 April 2017

• Detail

  Financial Responsibilities:
  • Validating all financial transaction.
  • Support the decision making process with daily and monthlyMIS reporting and Financial analysis requirements relating to monthly operating and financial resultsof periodic operations including revenues, margin analysis, product line profitability, operating profit and balance sheet activities, sales and order bookings reports, monthly inventory turnover, business drivers, as well as written comments for executive presentation to HOD Finance and CEO.
  • Month-end/ Year-end closing activities (Accounts Payable/Receivablereconciliations, Bank reconciliations, Petty cash reconciliations, closing entries etc.).
  • Perform internal financial reporting(P&L, B.S, C.F, and Financial Notes), financial analysis, trend analysis, variance analysis, balance sheet & P&L analysis, inventory analysis, special projects & ad-hoc reporting and analysis requests.
  • Track operational results versus targets. Assist management in optimizing working capital and resolution of causes of variances.
  • Participate in annual operating and capital budget process, forecast updates and budget consolidations.
  • Assist in internal and external audit specific queries.
  • Ensure integrity of internal financial controls in compliance with regulatory standards and company policy and procedures.
  • Other Miscellaneous Finance related work as required by Management.
  Costing Responsibilities:
  • Review of daily and monthly reports submitted by Cost Accountant.
  • Preparingmonthly Cost of Goods Manufactured (CGM).
  • Periodically valuation of Raw Material, W.I.P and Finished Goods Inventory.
  • Periodic Analysis of Costs and Costs allocation by Costing Ratios Analysis.
  • Preparation of quarterly/yearly inventory variances analysis and adjustment of stock level.
  • Inventory Aging analysis and periodically review of safety stock level by each item wise.
  • Product Costing for New Products and Projects, and Preparing Job Wise Profitability Analysis(Export & Local)
  • Monthly updatingProducts Cost, Pricing and Discount structure.
  • Capital budgeting for manufacturing new molds and products.
  
  Major Achievements:
   Implemented ERP (MS Dynamics GP) Production Module.
   Preparation of Feasibility reports for expanding plant.
   Product costing and pricing of more than 2500 products.
  

Experience as Group Cost &Management Accountant

• Employer

• From

  02 May 2017

• To

  23 July 2019

• Detail

  Job Profile:
  
  • Validating financial transaction.
  • Managing Company Value Added Tax (VAT) and filing Tax Return.
  • Setting up and managing Project cash flowsand company cash flow.
  • Managing projects insurance and LCs.
  • Dealing / Visiting clients to clear any issues related to collection of receivables
  • Manage all financial processes ensuring confidentiality, accurate and timely recordkeeping and data management
  • Preparing Job Cost report for all projects (local and overseas) and allocating proper Overheads cost to each project
  • Controlling and Analyzing Subcontracting work.
  • Calculating projects completion stage by cost of completion method and assist PCD to accelerate billing of projects.
  • Analyzing Projects cost of each project bimonthly with budgets and working closely with Project Managers to control and maintain project cost within budgets
  • Preparingweekly/monthly/quarterly/yearlyMIS reports for Managementwhich includes Cost of Goods Manufactured, Cost of Installation, Income statement, Balance sheet, Projects Cash flow, Company Cash flow,Activity and Efficiency Ratios, Projects Cost report with variance analysis,Inventory Report, Revenue Recognition Report, Receivable Aging report, Retention money report, Issues of the week with impact-action-status.
  • Preparing Yearly Operational Budget for Departments and Company.
  • Preparing of all other financial and non-financial information for project managers and management team as required in both routine reporting and ad hoc requests.
  • Liaison with external auditors.
  • Ensure integrity of internal financial controls in compliance with regulatory standards and company policy and procedures.
  
  Major Achievements:
   Implementation of ERP (Xpedeon) Production and Planning Module.
   Introduced in ERP different MIS Reports
   Master Projects Job Cost sheet for 50+ ongoing projects.
  

Experience as Finance Manager

• Employer

  Tawasol Solution and Services

• From

  24 July 2019

• To

  29 February 2020

• Detail

  • Preparingmonthly financial reports (Income Statement, Balance Sheet, Cash flow) to specific deadlines.
  • Preparing Job cost reports, analyzing costs, variable contributions, sales results and the company’s actual performance compared to the budgets.
  • Preparing Monthly Revenue recognition report.
  • Correspond with Projects Manager, discussing unfavorable cost variances, work delay and agreeing on necessary actions to be taken
  • Reviewing Value Added Tax (VAT) and filing Tax Return.
  • Verifying Payroll and processing through WPS.
  • Maintain the financial health of the organization by arranging new sources of finance for a company's debt facilities, working capital management and production of cash flow forecasts.
  • Maintaining relationship with Banks (LC, Guarantees, Short term loan, TRs, Invoice discounting).
  • Maintaining relationship with Insurance Companies.
  • Reviewing and approving financial transaction.
  • Reviewing and managing Account Payable and Account Receivable.
  • Collecting, interpreting and reviewing financial information.
  • Doing month end closing activities and recording accruals and provision for expense to ensure to get accurate financial results.
  • Improvement and Development in ERP for management reporting.
  • Preparing Yearly Budget for Departments and Company.
  • Liaison with external auditors for company complete financial audit.
  • Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met, to ensure continuous improvement of end-to-end accounting practices.