Finance Manager (June 2012 – Till Date)
IDEAL ENTERPRISES LLC
IDEAL LINK SOLUTIONS
Construction & Contracting (Trading, Contracting / Construction/ Events Management)
Finance Management
? Heading the finance function in completion of the financial accounting cycle and implementation of other relevant functionalities (maintaining Trial Balance, Fixed Asset Register, preparation and checking of payroll, review of cash register & Bank Reconciliation Statement).
? Formulating budgets for the organization, in line with the overall business objectives. Examining operating costs and the income and expenditure of the company.
? Conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions.
? Monitoring accuracy of project wise costing /Income and proper allocation of costs.
? Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management, credit control, profitability, etc.
? Ensuring accurate and timely processing of Company’s payroll.
? Liase with external service providers such as auditors and insurance companies to ensure the provision of high-quality services that demonstrate value for money
Financial Planning & Management/ Business Operations
? Assessing the value drivers of business and developing analytics around key measurements to facilitate business decision-making.
? Maintaining close coordination with:
o Account Receivable team to check receipts and reconcile statements for customers
o Accounts Payable team to check and approve payments to local vendors and overseas suppliers.
Budgeting
? Reviewing existing processes and systems with regards to Planning and Budgeting in the organisation, and accordingly devising & implementing formal Budget Process.
? Streamlining processes and systems in the organization for eliminating any bottlenecks.
? Formulating budgets for the organization, in line with the overall business objectives. Examining operating costs and the income and expenditure of the company.
? Conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions.
Cost Management/ Reporting
? Advising various departments on financial aspects to ensure execution of processes within budget and improving commercial approach and focus on Capital Expenditure and Cash flow management.
? Maintaining accuracy of information in financial reports and their compliance with recognized reporting standards.
? Developing reporting systems for management analysis and supporting department, location, and profit center wise analysis. Supporting strategic decision-making by furnishing all financial information.
? Preparing periodic reports on the company’s operating performance (Income Statement, financial resources or balance sheet) for submission to the management.
Ideal Link Solutions: IT SOFTWARE – ERP= Property Management / Facility Management / E-Commerce)
Finance Management
? Heading the finance function in completion of the financial accounting cycle.
? Finalization of financial statements
? Project wise profitability and analysis report.
System/ ERP Implementation
? Reviewing existing processes and systems in the organization, and accordingly devising & implementing measures for ensuring higher operational efficiency.
? Streamlining processes and systems in the organization for eliminating any bottlenecks.
? Estimating project costing for bidding ERP development and implementation.
? Managing implementation and supporting functioning of ERP System, in coordination with Technical Consultants, entailing:
o Mapping business requirements (As-Is & To-Be Analysis)
o Review of Detailed Process Flow for functional requirements.
o Developing functional specifications.
o Facilitating acceptance and management of change.
EMPA MIDDLE EAST FZCO (IT / Electronic Distribution & Retails)
MEMORY TECHNOLOGY MIDDLE EAST FZCO (IT Products brands Xtreme and GenX)
EMPA RETAILS
MTC RETAILS
Group Finance Manager /Chief Accountant / Internal Auditor (Dubai /KSA)
(Dec 2003-Jun 2012)
? Highlights:
? Managed Group of companies based in Dubai (Jebel Ali), KSA and Lebanon,
Group Finance Manager: (2009-2012)
? Significant Accomplishments:
? Monthly reporting of financial statements
? Working capital and ROI reports
? Brand wise profitability and analysis report
? Budgeting & costing for all divisions with complete analysis & assumptions (with graphical presentations)
? Payroll Process.
? Cost control of all departments including HR, Logistic, assembling and retails.
? Holds the distinction of conducting Islamic mode of financing through Murabaha LC and normal LCs for import & export activities
? Partnered with internal & external auditors related to all financial and internal control matters
? Steered initiatives towards attaining funded / non-funded bank facilities viz. LC, BG, SBLC & working capital finance, etc.
? Dealt and involved with the internal & external reporting activities as well as liaison with banks & quick completion of Annual Audits by external auditors (Ernst & Young).
Distinctive Highlights
? Merit of serving as Member of the key user panel to train new and other staff during ERP implementation phase.
? Trained the staff members in contemporary methodologies and handling work paper maintenance to enhance in-house team building and effectiveness.
? Played a key role in ERP Implementation of Orion Oracle.
Chief Accountant: (2006-2008)
? Budgeting cash forecasting, Variances analysis report.
? Ensured proper compliance of company policies and procedures.
? Conducted monthly meetings with other departments on monthly basis in respect of sales, profit credit issues, their targets, achievements and sent minutes of meeting to the board of directors which are being discussed in board meetings.
? Dealt and handled all banks matters related to letter of credits and bank guarantees etc.
? Managed ratio analysis and analytical review of the financial statements on quarterly basis.
? Dealt and involved with the internal & external reporting activities as well as liaison with banks & quick completion of Annual Audits by external auditors (Ernst & Young).
? Reported to Finance Director / CEO.
Internal Auditor (2003- 2005)
? Internal Audit for the group of companies’ (Memory Technology Middle East, Dubai (Jebel Ali), Micro technology corporation, KSA, EMPA Middle East, Dubai, Memory Technology company, Lebanon, Enhance Technology System LLC (ETS), Dubai) financials Reports, Analytical reviews and MIS reports to the higher management.
? Conduct Internal Audit of group of companies, provide observations, Risk Assessment and recommendations
? Procedure and system compliance on observations.
? Policy and procedure implementation
? Present monthly Internal Audit report to Management for weaknesses and compliance.
? Established strong Internal control system and monitored.
? Traveled to KSA , Lebanon and Iran for Internal Audit and compliance of internal control system
? Successfully implemented the “Quality management system ISO 9001-2000”, which have been audited and certified by TUV Management Service GmbH auditor
Asst. Finance & Cost Manager ((Sep 1998 – Nov 2003)
MOHAMAD ISMAIL MOHAMAD ASLAM LTD. (MIMA), Leather Garments Manufacturing.
Largest Leather garment manufacturing company of Pakistan
Significant Accomplishments:
• Product & process costing functions i.e. from raw material till finished product
• GST application and proper GST return submission with I Tax authorities and claim refunds as an Export company.
• Finalized various financial statements viz. balance sheet / profit & loss account as well as consolidated the same
• Developing Management Information Systems for management analysis and reporting to support department, location, material, cost category, activity, and customer & profit centre wise analysis.
PREVIOUS EXPERIENCE
Aug’96-Sep’98: Ace Travels Pvt. Ltd., Karachi, Pakistan as Manager - Accounts
Managed all financial matters with Banks, Airlines, Agents, IATA, DTS and Sub Agents; prepared Financials and conducted Audits for IATA.
Jul’95-Jun’96 Deloitte Touché Tohmatsu, (M. Yousuf Adil & Co. – HLB), Karachi, Pakistan
Internal Audit Manager
Performed independent audits of Textile, Banking, Trading, Manufacturing and Travel industries
PROFESSIONAL TRAININGS
• VAT (Value added Tax) Training / certification course for UAE & GCC (2017)
• Deloitte Touché Tohmatsu 4 Years CA – Article ship -Audit & Accounting (1991-1995)
• Management Training on Leadership Skills in 2007
• ERP Implementation
• ISO 9001 Training in 2005
• Digital Marketing Expertise – Google – Facebook - LinkedIn
IT SKILLS
• Conversant with:
o Orion (Oracle), Microsoft Dynamics GP, Microsoft Dynamics AX, Focus, Quick Books.
o MS Office (Excel, Word & PowerPoint) and Internet Applications
QUALIFICATION
MBA (Banking & Finance) in 1998
Preston University (Affiliated with U.S.A.)
CA Part Qualified) in 1995
Institute of Chartered Accountants of Pakistan (ICAP)
Audit Firm: M. YOSUF ADIL & CO--Deloitte Touché Tohmatsu
B.Com. in 1991
National College, Karachi University
Total Experience: 17 years
? Relevant Exp. In Finance Manager: 5 year
? Current Salary: (along with benefits) AED 20000
? Expected Salary: (along with benefits) AED 25000 Negotiable
? Dob: 05-09-1970
? Passport number: BG4116093
? Notice Period: 30 days or less
? Marital Status: Married
? No. of dependents: 4