Experience as Finance Manager

• Employer

  New Age Company LLC

• From

  18 March 2020

• To

  To date

• Detail

  • Preparation of Financial Statement, Cash Flow Variance analysis, Budget Vs Actual Profit and Loss analysis on Monthly Basis.
  • Participating in Various Meeting, Management meetings and to supervise day to day operations, reports and compliance.
  • Management of EOM Commitments including revenue, inventory to make compliance with policies and procedures.
  • Management and maintaining good relationship with Banks, Auditors, Suppliers.
  • Preparation of Budgets and Projections on a long term basis.
  • Finalization of Accounts and meeting with HODs monthly to review departmental P&Ls
  • Liaison with Banks and other financial institutions.
  • Control on monthly expenses by Variance Analysis.
  • Promote the image of the department by timely reporting to other departments.
  

Experience as Finance Manager

• Employer

  Z-Con Pavers

• From

  01 August 2018

• To

  31 December 2019

• Detail

  • To supervise that the Books of Accounts are closed on due time.
  • To supervise the Account Receivables & Accounts Payable.
  • To ensure the Internal Control procedure are being followed in all transactions.
  • To prepare the yearly/monthly Cash Flow Projection Report and ensure the proper management of funds.
  • To look after the Procurement Management of the company.
  • To deal with Bank for Financial Matters.
  • To deal with the Tax Matters of the company.
  

Experience as Assistant Manager Finance

• Employer

  DicoTech Qatar WLL

• From

  24 December 2015

• To

  28 February 2018

• Detail

  o Financial Reporting
  • Preparation of BOD Package including Final Account as per IAS & IFRS
  • Supervision of Monthly Closing Activities like Accruals, Prepayments, Depreciation & Amortization.
  • Responsible for Managing Payables like Goods, Services and Subcontracting
  • Supervision of Payroll to follow WPS system.
  o Management Reporting
  • Ensure accurate management reports are submitted with BOD Package.
  • Supervision of each Job wise (Project Wise) reporting to check the profit and loss of each project.
  • Monitoring the Labor and Material variances and report abnormalities if any.
  o Treasury & Credit Control
  • Preparation of Cash Flow on Quarterly basis further break down into Monthly and weekly basis to analysis the Working Capital requirement and guide the management for future contingencies and commitments.
  • Chairing collection meeting to discuss the Credit Worthiness of all the debtors and discuss the certification and collection issues of each debtor.
  • Liaison with banks for maintaining the Bank Facilities (Funded & Non-Funded) to facilitate smooth operation of future and existing projects.
  • Liaison with Banks for issuance of Bank Guarantees (APG, PB, & LC’s)
  o Budgeting, Controlling and System Development
  • Preparation of Corporate Plan of the company which indicate the Sale Mix Strategy, Resource Requirement, Fixed Cost Budget, Variable Cost Budget, CAPEX Budget.
  • Establish and implement effective Internal Controls of the company which leads toward minimum risk.
  • Preparation of Accounting Manual which include SOPs and DFDs.
  Key Achievements
  • Develop relationship with banker to get the facilities @ 0%cashmargin.
  • Development of Supervisor Tracking and Labor tracking system which converted the non- productive man hours to productive man hours & manage the recruitment, development and appraisal of staff.
  • Organizational restructuring of Finance function leading to 25% cost reduction.
  

Experience as Internal Auditor

• Employer

  Shafi Spinning Mills

• From

  11 January 2014

• To

  30 October 2015

• Detail

  • Reviewed Monthly Accounts and prepared executive summary for directors.
  • Improved current system through Additional Controls and changes.
  • Audited expenses according to SOPs for non-compliance.
  • Completed audit, prepared Report for Senior Management.
  • Assured timely availability of LC’s, Bank Guarantees and their accountability.
  • Assisted External Auditors during the time of interim and final audit.
  • Organized various Month End Reports for management at request.
  • Examined Bank Reconciliation Statements.
  • Finalization and review of Books of Accounts.
  

Experience as Accounts & Finance Executive

• Employer

  Samsons Group of Companies

• From

  01 May 2011

• To

  30 September 2013

• Detail

  o Budgeting & Controlling
  • Co-ordinate and develop Corporate Plan (budget) for Supply Chain.
  • Controlling of both Opex/Capex Budgets and preparation of variance analysis
  o Accounting Finance & System Development
  • Dealing with Bankers to solve all the plant related bank issues.
  • Monitor and review accounting and related system reports for Accuracy and Completeness.
  • Costing of Local Products & Feasibility Analysis of export-oriented products
  • Incorporation of Inflationary effect of Raw Material and Overhead in the existing cost sheet
  • Providing Management the Reports of comparing factors affecting prices and profitability of products
  • Preparing Cost Volume Profit (CVP) analysis
  • Conducting the Internal Audit of the Factory
  • Financial & Profitability Analysis as required by the Management.
  

Experience as Accounts Executive

• Employer

  Shahzad & Co

• From

  01 February 2008

• To

  30 April 2011

• Detail

  • Receiving of Invoices for Payment.
  • Checking of Invoices as per GRN and contract terms.
  • Keeping log of invoices received and making payment.
  • Liaison with bank for day to day matters.
  • Making arrangement for creditor’s Payment.