Business Development Financial Management

M. Arif

Cell: 732-***-**** Email: ****.****.***@*****.***

(Skytop Gardens, Parlin NJ. 08859, USA)

Competent & Diligent Professional with 15 + years spearheaded at senior level as Finance & Accounts professional in leading organization. Developed /implemented financial management and accounting systems for complex projects/operations. Design business processes, performance through efficient accounting reporting mechanism (P&L, Balance Sheet, treasury/cash flow, budgets, A/R, A/P). Successful implementation of ERP i.e. Oracle, SAP, SQL, ACCESS etc. Well versed source in corporate set up managing the entire spectrum of operations and finance in various sectors i.e. Pharma, Health, Real Estate, Construction, FMCG, Energy, Retail )

SUMMARY OF QUALIFICATIONS

Accounting Management

Financial Management

Knowledge of GAAP/IFRS

Financial research/Planning

Budgeting & forecasting

Business processes impr-ovement and Gap analysis

ERP Implementation (ORACLE, SAP, SQL)

Month end closing/Consolidation

Data reconciliation & analysis

Analytical/Problem solving skills

Excellent communication, report writing and negotiati8on skills

Client advisory

Project/Contract Management

Cost benefit analysis

People Relationship Building

System Compliance/ Auditing

Expertise in Microsoft Excel, Word, Power Point

PROFESSIONAL EXPERIENCE

PharmaChem- NJ (A Business of Ashland) (Presently Serving)

(R-Sheen Group (Manufacturing of Pharmaceuticals, MDF, Retail Business) Senior Financial/Accounting Management- Head (Aug 2023- Sep.2024)

Financial/Accounting Management/Treasury/ERP/Budgeting:

Lead in finance, accounts, costing, budgets, FTM, cash/treasury management, project/contract & payroll management.

Cultivate a team of 5 professionals; develop team’s capacity building in accounting/financial systems.

Mentor/supervise finance/accounting team members, fostering a collaborative and high-performance environment.

Produce monthly/quarterly financial/accounting/costing reports; evaluate and execute payment disbursement mechanism.

Ensure 100% system compliance of financial/accounting and procedures (SOPs, checklists).

Oversee GL functions; data entry with accounting codes; bookkeeping through proper journal entries (accrual accounting).

Prepare financial forecast/business projections i.e. CAPEX/OPEX.

Analyze/reduce variances bet. planned budgets and actual expenses; CPEX/OPEX; cost benefit analysis

Oversee manufacturing cost analysis, track purchase orders, ensure accurate vendor pricing, inventory valuation,

Consolidate reports of different businesses; Develop processes for consolidation and analysis thereon.

Recording of all financial, accounting, and procurement data in software. Ensure payments are aligned with procedures.

Conduct material/labor costing analysis; Reconciliation of (vendors) A/Payable, A/Receivable; prepare aging reports.

Analysis of costing (BOM, COGS, inventory) in SAP; prepare segment wise cost templates, conduct monthly stock take.

Calculate machine hour rates, analysis of cost components and product costing; evaluate costing on semiannually basis.

Daily update/reconcile credit card receipts. Reconciliation of card receipts with bank records. Address complaints.

Oversee and maintained accounting record/bookkeeping as per GAAP/IFRS (GL, Chart of A/C, Payroll, P&L,B/S )

Implement/use ERP/various IT software applications (SAP) (A/P, A/R, inventory); Customer billing/sales processes.

Prepare working papers for internal/external audit. Close liaison with external auditors. Prepare Pivot Table/VLOOKUP

Prepare annual budgets; variance analysis; quarterly reviews; financial projections/modeling (IRR, RoE)/forecasting.

Internal Controls/Compliance:

Develop and maintain system of internal controls/ risk mgmt. to ensure procedural requirements and efficiency.

Develop business processes and conduct reviews; increase 20% operational savings.

Keep abreast of laws and regulations to maintain up-to-date 100% compliance. Tax workings/Tax compliance.

Evacuee Trust Property Board / Lea Zone-Partnership (A Real Estate/Construction-Health Care, Hospital/ Education) Senior Management Accounting- Head May 2020- Aug. 2023

Accounting/Grants mgmt/Internal Controls: (4800 properties)

Oversee accounting, financial management/projections, payroll administration, treasury, leasing/rental management.

Consolidate reports of diff. properties; review & finalize monthly/half yearly/ annual financial statements and analysis.

Prepare business processes, Progress reports; ensure disbursement of funds as per approved budgets.

Ensure all financial transactions are accurately recorded. A/R, customer billing, account updates and reconciliations.

Develop and maintain system of internal controls to ensure procedural requirements. Tax Compliance.

Analyze transactions, identify and correct discrepancies. Prepare workings/details for internal/external audits

Due diligence and ensure quality and integrity of financial/accounting reports;

Monitored and updated company policies in alignment with changing laws and regulations to ensure 100% compliance.

Punjab Bio Energy Company- Govt Agency

Senior Management- May 2016- 2019

Financial/Accounting/Grant Management/Governance:

Provide leadership in project designing and provide technical financial inputs while formulating long-range policy framework for renewable energy projects through PPP.

Oversee transparent accounting & financial discipline, risk management, contract management, budgeting, cost estimates

Prepare monthly/quarterly accounting and financial reporting and analysis thereon. A/P,A/R reconciliations.

Oversee day-to-day accounting/financial management. Evaluate business processes and payment mechanism.

Prepare revenue generation plan; review financial data/statements as per GAAP/IFRS (Balance Sheet, P&L, cash flow etc.).

Prepare system presentations for senior management/BOD. Prepare Tax computation for Income Tax Return.

Use various IT software applications (SAP) to assemble, format data and reports. Recording of transactions in accounting software on regular basis. Prepare various financial models based on IRR, ROE/business plans.

Taxation/Internal Controls:

Develop system of internal controls. Implement ERP; Reduce errors and increase efficiency by 30%

Implement accounting system (ERP) to ensure accuracy and transparency of accounting data/report

Prepare statements of sales tax, withholding tax (tax on salary, vendors etc.); withholding tax on company’s payments

Budgets: Oversee budget and feasibilities preparation. Analysis of budgeted vs. actual expenses from time to time.

Reduce budget variances by 15%. Conduct situational/ gap analysis

Lahore Waste Management Company (/Trucking/Logistics/Transport/Waste/Sanitation Services) Head- Senior Manager- Finance/ Accounting Oct 2010 to April 2015

Accounting/Financial Management/Treasury

Prepare accounting/financial reporting, budgeting, payroll administration, Int. contract disbursements ($450 Million).

Maintain bookkeeping functions, reconciliations of A/ Payable, A/ Receivable & Treasury/Bank Reconciliations.

Oversee manufacturing cost analysis, track purchase orders, ensure accurate vendor pricing, inventory valuation,

Analysis of costing (BOM, COGS, inventory) in SAP; prepare segment wise cost templates, conduct monthly stock take.

Consolidate /prepare monthly accounts/financial statements as per GAAP/IFRS (Balance Sheet, Profit & Loss A/C.etc.).

Implement/execute ERP (Oracle, SQL); recording of accounting transactions in software on daily basis.

Prepare financial projections/aging reports of Accounts Payable, Accounts Receivable. Prepare rental/leasing workings.

Presentation to senior management on accounting/financial progress. Capacity building of accounting team

Internal Controls/Risk Management/Audit:

Active role in developing and implementation of ERP (A/P, A/R, inventory/Asset management).

Conduct internal audits and prepare audit findings/reports. Prepare various financial models/business plans.

Taxation: Prepare tax computation, tax returns. Prepare workings for Company’s taxation, withholding tax on payments

Budgets: Oversee the maintenance of budget monitoring systems.

Draft periodic budgetary reports; CAPEX/OPEX; Quarterly review of the budget estimates

PUNJAB EDUCATION FOUNDATION (Not for Profit-Education, Projects of World Bank-US$ 100 M)

Senior Accountant-Management Aug.2005-Sep.2010

Oversee fund/grants/treasury management. Develop the mechanism of grants disbursement in ERP.

Oversee financial/accounting control systems (SQL). Prepare annual plans; Grant’s contract management.

Prepare financial statements as per GAAP/IFRS (Balance Sheet, P & L A/C. Cash flow etc.).

VIQAR A. KHAN CHARTERED ACCOUNTANTS (A Leading CA Audit & Accounting Firm)

GULSHAN WEAVING/RAVI/DANISH- Partnership (Manufacturer/ FMCG Distribution/Retail-Unilever, BAT-Tobacco

Accounting Management/Consultant Feb. 2000 – Aug. 2005

Served in well-established Firm of Chartered Accountants in result oriented corporate departments (finance, accounts, audit, tax). Conduct audits, due-diligence consultancies, corporate affairs of Banks, Financial institutions, multibillion national & multinational corporations/clients. Perform the taxation services for various clients (tax computations/Returns). Review, finalize and consolidate monthly/half yearly/annual financial statements and analysis.

Oversee books of accounts; G. ledgers, cash book, bank book, imprest statement, financial statements (B/S. P&L, Cash flow etc.). Implement ORACLE software; Mitigate risk of frauds on the basis of effective system of controls. Prepare Tax computations and compliance of Tax Laws.

EDUCATION:

MBA (Finance, Accounting, Management) - Institute of Business Administration (IBA).

CPA- Certified Public Accountant from ICPAP- Body of Accountants; Chartered Accountancy- CA-Articleship- ICAP

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