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Senior Manager Finance

Location:
Karachi, Sindh, 75950, Pakistan
Posted:
February 26, 2018

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Shahid Hussain

FCMA Cell: ****-300-***-****

E-mail: ac4mjz@r.postjobfree.com

Skype: shahidgemini1979

PROFESSIONAL PROFILE

I am qualified Professional Accountant with over 19 years varied working experience including 11 years post qualification. I have strong analytical and management skills which I have put to use in many organizations with excellent results.

CORE COMPETENCIES

Team player and leader with strong interpersonal skills along with focus on target delivery and meeting deadlines.

Proficient in use of Computerized accounting system.

Excellent drafting & report writing skills.

Self-motivated and innovative with strong analytical and problem solving abilities.

Enhanced maturity & ability to track / monitor progress of implemented strategies.

Ability to prioritize the assignments.

KEY TECHNICAL SKILLS

SAP FICO Team Lead/Process Owner and Power User

Financial Analysis & Management Reporting

Strategic Financial Management & Business Planning

Business Strategy and Compliance

Corporate & Tax Planning

Budgeting & Forecasting

Information System Implementation

Financial & Business Auditing

Treasury Functions

PROFESSIONAL EDUCATION

Fellow member of The Institute of Cost & Management Accountants of Pakistan (Qualified in 2006) EMPLOYMENT HISTORY

Apr 2016 to date Exide Pakistan Limited as a Senior Manager Finance Oct 2010 to Mar 2016 Amreli Steels Limited as a Senior Manager Finance Aug 2005 to Oct 2010 Captain-PQ Chemical Industries (Pvt) Limited as a Manager Accounts May 2001 to Aug 2005 Al-Abbas Fabrics (Pvt) Limited as an Asst. Manager Accounts Aug 1998 to Apr 2001 Associated Builders (Pvt) Ltd a Hashoo Group Company as an Accounts Assistant Exide Pakistan Limited-Karachi as a Senior Manager Finance (Apr 2016 – date) Exide Pakistan Limited is the largest manufacturers of lead acid electric storage batteries in Pakistan, incorporated in association with Chloride Group Plc of United Kingdom. Company deals in world’s renowned EXIDE brand and Japan based FB brand.

Key Responsibilities:

Chair SAP steering committee and leading SAP project

Oversee finance staff management, motivation, training, recruitment and selection

Responsible for maintaining statutory book of accounts and meet all financial reporting obligations pertain to public listed company

Oversee the treasury functions including liason with banks and cash flow management to ensure cash requirements are adequately met through debt or equity at optimum cost

Placement of PF and Gratuity Funds into various types of investments

Responsible for generation of all relevant and timely management information

Establish and maintain appropriate internal controls and processes for business operations

Analyze performance across revenue/expenses, manufacturing cost, variance investigations and drive corrective action based on analysis

Define standards, policies, procedures, measures and organizational enhancements to meet company’s goals

Lead the business planning process and develop the company’s annual business plan and budget

Manage strategy for and liason with regulatory bodies i.e. SECP, FBR, Stock Exchange etc.

Ensure legal compliance

Compliance with income tax, sales tax regulations and ensuring optimum tax planning

Liason with external auditors, bankers and insurance companies Amreli Steels Limited-Karachi as a Senior Manager Finance (Oct 2010 – Mar 2016) Amreli Steels Limited is one of the largest manufacturers of Steel Reinforcement Bars in Pakistan. Amreli Steels is headquartered in the industrial hub of Karachi. Amreli Steels operates a state of the art rolling mill at SITE, Karachi and modern steel melting shop at Dhabeji.

SAP Functions

Full lifecycle SAP R/3 implementation – Team Lead FI-CO and supported to associated modules MM, PP, SD, HCM

Providing post implementation support

Leading SAP committee to troubleshoot and resolve SAP related inter/intra module issues

Training to end users

Controlling and monitoring transactions in SAP

Product costing, analyzing target/plan and actual results.

COPA reports and financial statement.

Primary Responsibilities

Managing all financial matters of the organization by providing directions, management and leadership on business planning, accounting, budgeting and providing guidance at all level.

Overseeing the business to ensure proper utilization of company’s resources. Finance functions according to IAS/IFRS. Ensure maintenance of appropriate internal controls and financial procedures.

Ensure timeliness, accuracy, and usefulness of financial and management reporting for the management.

Ensuring that all legal and regulatory compliance regarding all financial functions are kept.

Build and maintain an effective professional team within the area of control.

Provide business support by analyzing business results, risks and trends to enable management to make effective business decisions.

Treasury Functions

Working capital management

Cash forecast : compile information around the company to create an ongoing cash forecast

Investment Management : Allocate excess cash if any to various types of investments, depending on their rates of return and how quickly they can be converted into cash

Fund Raising if needed on the basis of required nature i.e. short or long term

Treasury risk management by using hedging and netting strategies to reduce risk related to change in asset values, interest rates and foreign currency holdings

Relationship & coordination with financial institutions / leasing / insurance companies and credit rating agencies

Negotiate exchange rates with bank treasury for Import LCs/contracts. Planning and Development

Responsible for formulation, management and delivery of business plan.

Coordinating the activities, procedures and systems so as to promote common policies and practices.

Development of annual budgets for each department within the company.

Financial forecasting

Production and raw material procurement planning Financial Management

Maintain day to day financial control

Ensure that all finances are properly administered and monitored, including cost control.

Advice on proper allocation of resources.

Ensure that appropriate financial regulations and controls are in place and in use at all times.

Regular reporting to management on revenue, expenditures, ratios and any variations from budgets.

Ensure that all financial reporting obligations are met. Captain-PQ Chemical Industries (Pvt) Limited-Karachi as a Manager Accounts (Aug 2005 – Oct 2010) Captain Industries is a leading producer of Silicates in Pakistan. Founded in 1951 in Karachi, the company today has several manufacturing facilities serving local and global customers. Key Responsibilities:

Managing the Finance Department

Monthly/Quarterly Financial Reporting

Finalization of Annual Accounts and Audit

Statutory Compliance

Budgeting, Costing/Pricing

Input Efficiencies Monitoring

Stock Control and Management

Performance Audit

Cash/Funds Projection and Management

Tax Management

Liaison with Banks/Financial Institutions/Leasing and Insurance Companies

Liaison with Auditors, Tax Advisor, Surveyors etc. Al-Abbas Fabrics (Pvt) Limited-Karachi as an Assistant Manager Accounts (May 2001 – Aug 2005) Al-Abbas Fabrics (Pvt) Limited is one of the leading knit fabric & garment exporters of Pakistan and is the most prominent name in knit fabric dyeing industry and is recognized in the domestic and international markets to deliver quality, consistency and reliability with total customer care. Key Responsibilities:

Supervision of Accounting Activities

Monthly as well as annually Balance Sheet and Profit and Loss Accounts and Cash Flow Statement

Budgets and Forecasted P&L Account

Actual v/s Standard Costing & Variances

Debtors and Creditors Control

Daily Bank Position and dealing with Bank Officials.

Monitoring of Export Refinance Part-I (Pre-Shipment and Post-Shipment) and Part-II and FCY Loan

Review & timely submission Quarterly & Annually Income Tax Returns

Assist Annually Financial Audit

Timely submission Sales Tax Return

Schedule for Sales Tax purposes and assist Sales Tax Audit

DTRE documents.

Associated Builders (Pvt) Ltd a Hashoo Group Company-Karachi as an Accounts Assistant (Aug 1998 – Apr 2001) Associated Builders (Pvt) Limited is a Hashoo Group company offers services/products related to real estates, constructions and contractors.

Key Responsibilities:

Maintain computerized accounts

Prepare Balance Sheet and Profit and Loss Accounts

Prepare schedule for Tax/Audit purposes

Prepare monthly Bank Reconciliation and Payroll

Prepare Income Tax Returns

Prepare contribution to EOBI, SESSI

SIGNIFICANT ACHIEVEMENTS

Certificate of appreciation by Abacus Consulting as process owner/team lead FICO on successful implementation of SAP at Amreli Steels Limited.

Played an active role in listing (IPO) of Amreli Steels Limited

Part of the team for arranging finance for new plant worth of USD 45 million for Amreli Steels.

Member of Tear-1 ERP (SAP) implementation team at Amreli Steels.

Facilitating the implementation of the Finance, Receivable System for Captain-PQ Chemical which has led to more accurate reporting and cost reduction.

Developed improved costing & pricing system for Al-Abbas Fabrics. ERP & MS OFFICE CONCEPTS

Hands on experience with the following ERPs:

SAP (Exide Pakistan)

SAP ECC 6 (Amreli Steels)

Oracle (Amreli Steels)

Visual Basic (Captain-PQ)

Microsoft Excel, Word and Power Point

ACADEMIC EDUCATION

B.Com University of Karachi 1997

HSC Karachi Board 1995

SSC Karachi Board 1993

PROFESSIONAL ACHIEVEMENTS & ADVANCEMENTS

Attended various seminars and workshops on Budgets, Taxation, IFRS and IAS, ERP, Banking and Finance etc. PERSONAL INFORMATION

Father’s : Hussain Mian

Member Ship No : F-1899

Birth date : 20 June 1979

Nationality : Pakistani

Languages : Urdu & English



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