A Finance and Cost Management professional with 6+ years of experience and possess expertise across the domains of financial systems, planning, analysis and achievement of assigned targets based on business objectives. I am a detail-oriented & team player, possessing excellent communication and problem-solving skills along with a strong desire to learn and develop my sub-ordinates.
Costing
· Prepare monthly Product cost sheet and analysis of standard v/s actual cost
· Reconciliation of planned and actual cost along with variance analysis
· Prepare Feasibility Reports assessing the viability of the new investment and expected ROI
· Prepare periodic reports for inclusion in monthly and quarterly management reporting packs
· Responsible for monitoring all costing related activities to be maintained and monitored in SAP
Budgeting
· Coordinate in financial planning, budgeting & to ensure the feasibility of the projects
· Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses to develop a master budget
· Suggest cost reduction measures to increase the profitability of the company
Project Management
· Assisted in incorporation & commencement activities of a new corporate entity
· Act as a liaison for all the Government authorities like SECP, FBR, and others
· Responsible for all costing and financials of Die Manufacturing
· Key team player of SAP implementation and responsible for monitoring of MM and FICO module
Foreign Remittances
· Responsible to remit periodic Royalty and technical fee payments related to technical collaboration agreements with Japanese partners including FCC, DAIDO, SHOWA, and others
· Liaison with Commercial & Central bank to ensure smooth remittance process
· Japanese Reporting related to costing, royalty & technical fee remittances
Efficiently devised processes by coordinating with production department to realize “zero wastage material project” by using LEAN manufacturing techniques
Effectively executed and completed all activities of supply chain function for getting letter of credit issued (LC and TT remittance), payable issues along with bank dealing
Eminently analyzed product and cost margins and recommended target and sales price as well as transfer price
Highlighted wastage in material, manufacturing capacities and consumables and prepared a variance report on actual and bill of material consumption
Developed system to measure input and operational cost
Eminently conducted financial analysis of manufacturing excellence savings project
Analyzed and highlighted improvement in operating and processes efficiencies and carried out detailed cost reduction activities and studies
Efficiently conducted weekly reviews respective teams to bring controllable costs to specified targets
Executed and completed the formalities of customs and import clearance activities within due time
Prepared and maintained an up-to-date inventory aging/validity and WIP reports
Designed a costing system to enhance the efficiency of financial transactions
Ensure recording of all accounting transaction and events.
Efficiently prepared final accounts and summarized up-to-date financial status
Prepared cash book, bank reconciliation and other financial reports
Analyzed accounting requirements and implemented accounting software on SQL resulting in improved efficiency and accuracy
Prepared and finalized legal documents for AGM and election committee member
Magnificently recorded all payables and receivables transaction
Prepare and maintain up to date all member’s dues and associated report.