Responsible for overall functions of Finance & Accounts including Reporting, Budgeting, Cash Flow Management, Financial Accounts preparation...

Key Functions

• Financial Accounting

o Responsible for Accounts Finalization and presentation of report to the management before the deadline.

o Collaborated with various support teams for effectively closing monthly closing process, managing inter-company reconciliation and maintaining accurate journal entries for accrual and prepaid expenses.

o Responsible for Payable

o Responsible for Receivables and Revenue Recognition.

o Supervise payroll and final settlements

• Treasury & Finance Planning

o Liaison with banks for maintaining the bank facilities to facilitate smooth operation of future and existing projects.

o Liaison with banks for the issuance of Guarantees (APG, PB, and LC’s).

o Preparation of Corporate Plan of the company which indicate the Sale Mix Strategy, Resource Requirement, Fixed Cost Budget, Variable Cost Budget, Capex Budget, etc…

• Management Accounting

o Ensure accurate management reports submitted on or before the deadline.

o Ensure accurate job wise reporting.

o Supervise the labor and material efficiencies through tracking from the daily production reports and update about the efficiency on weekly basis to the management.

o Weekly gross margin reporting.

• System Development & Controls

o Establish and implement short and long range departmental goals, objectives, policies and operational procedures.

o Key member of system development committee and business reengineering team.

o Preparation of accounting manual which include SOPs and DFDs, these shows the responsibility of all the stakeholders involve in that procedures

o Implement internal controls across the company.

• Financial & Working Capital Management

o Analyze cash flow, cost controls and expenses to guide management.

o Analyze financial statements to pinpoint potential weak areas.

o Assess credit risk by monitoring, reporting and follow up on the open AR balances in direct

• Investment & Growth Plan & Capex Formation:

o Develop Fixed & Operating Cost Budget of the company.

o Developed the corporate plan of agri-development and procurement division. Worked on calculations to optimize number of hired mills, drying centers and manning for next year.

o Develop Capex (with the consultation of project team) for current business to enhance production capability of business.

• Financial & System Controls:

o Led the implementation of ERP system by coordinating with various stakeholders. The system was implemented successfully within 30 days. It ensured that paddy payments to suppliers were made within 24 hours - a record not achieved by any rice company of Pakistan.

o Lead the Payment department in an effective manner to make the payment to vendor in record 24 hours.


o Effectively designed, implemented & reviewed policies and procedures of the company including

internal controls of all areas of the business operations.

o Dealing with Banks and Treasury for effective management of funds.

o Support Treasury department for timely delivery of projected Cash Flows.

o Deal with, local tax authorities and tax advisors to ensure timely submission of withholding tax deducted.

Achievements

• Led the implementation of ERP system by coordinating with various stakeholders. The system was implemented successfully within 30 days. It ensured that paddy payments to suppliers were made within 24 hours .

• Initiate Cost Reduction Strategies which includes decrease in material wastage, stores and spares, direct labor etc…

• Supervise the payment of 185K ton paddy procure include 15000 invoice in 3 Months.

• Developed the corporate plan of agri-development and procurement division for 2012. Worked on calculations to optimize number of hired mills, drying centers and manning for next year.

• Preparing Risk based internal audit plan.

• Perform Risk Assessment of all business processes.

• Perform execution of audit plan and perform review of work of all staff allocated to me.

• Finalize audit reports for issuance to the management.

• Follow up of internal audit reports and ensuring implementation of audit recommendations.

• Preparation of BAC presentations.

• Review the Maintenance, Production Marketing, Finance, Supply Chain, HR, Admin and Local Purchase Systems.