Saeed Hussain
Chartered and Management Accountant
Pakistan
Summary of Career
1. ? Developed documented policies, SOP's, checklists of activities relating to finance & accounts
2. ? Exercising first level of supervision and ensure timely preparation and presentation of monthly management accounts, quarterly accounts along with monthly presentation to project management committee meeting and summarize & interpret current & projected company financial position.
3. ? Responsible for the timely and effective preparation of bi-annual & annual accounts for external audit and ensure coordination and cooperation with both internal and external auditors during financial and operational audits.
4. ? Compilation of periodic & annual budgets, forecasts, feasibility with support of site management and comparison with actual status finding out & explaining reasons for deviations.
5. ? Develop funds flow/cash flow statement i.e. summary of funds payable and receivable on daily basis, prioritize the payments and manage operational cash flows.
6. ? Responsible for holding site plant management accountable for accuracy and timeliness of inventory controls and cost controls.
7. ? Prepare control gap analysis and variance analysis reports and identify grey areas through analysis of transaction processes. Re-strategize the mechanism to minimize the gaps & to achieve additional accuracy and efficiency as per directions of CEO.
8. ? Ensuring compliance with all relevant compliance objectives like IAS’s, corporate laws, tax laws, code of corporate governance and any other federal, state, local and corporate policies, regulations and laws.
9. ? Conduct cost benefit analyses of capital expenditures & revenue expenditures like livestock insurance before approval for any project and make cost and revenue projections based on the data received from stake-holders
10. ? Operational audit of various departments by applying useful techniques to ensure that resources are acquired economically and used effectively & efficiently to generate maximum return from minimum consumption while adhering to approved policies & procedures.
Topped in ICMAP and won Certificate of Merit and Cash Prize
Topped in B.Sc. in my division
Experience as Assistant Manager Finance
Kohinoor Mills Ltd
14 January 2005
29 September 2007
• Introduced improved reporting and management information system
• Provided monthly analytics on P&L contributors & identified gaps for improvement
• Introduced several analytic tools to enhance cost efficiencies mainly in losses from fabric; Saved 0.7% indirect losses
Experience as Head of Finance & Accounts/Chief Internal Auditor
01 October 2007
31 August 2012
• Introduced improved controls on inventory management resulted in incremental revenue of Rs. X million
• Successfully designed and implemented order to invoicing new software to achieve process efficiencies, analytics dashboard for improved and real time decision making
Experience as Head of Finance & Accounts
04 September 2012
06 July 2013
? Introduced variance & correlation analysis and discovered relationship between cow feed and milk production; improved productivity by 4%
? Analyzed mortality history & reduced insurance cost by 5%
? Handled feasibility, assets valuation, bank financing & budgetary monitoring of livestock.
Experience as Head of Business Excellence/Chief Internal Auditor
08 July 2013
31 March 2020
• Cost management initiatives in source management, product rationalization and product mix strategy resulting into 3% incremental saving in COGS
• Provided 360 degree financial reviews and analytics for process improvements & decision making of Board and achieved significant efficiencies in business operations
• Redefining price mechanism and improved controls resulted in reduction of significant indirect hidden losses of X Millions to the company. Profitability increased to 0.5%
• Suggested segment based pricing strategy for diverse portfolio that resulted in additional Rs. X Million on the top line
• Initiated sub-contractors rationalization plan that eventually resulted in reduction of penalties that contributed 2% increment on the topline
• Identified major gaps and introduced improved processes in controlling inter project inventory movements
• Deep dive analysis on vendor management resulted in identifying procurement gaps; saved 5% in raw material cost
• Credit control, risk assessment and financial investments advices to decision board.
Master 01 June 2017
Chartered Accountant from Institute of Chartered Accountants of PakistanMaster 31 May 2000
Cost And Management Accountant from Institute of Cost and Management Accountants of PakistanBachelor 30 June 1995
B.Sc in Mathematics A and Mathematics B and Statistics