Experience

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  Delta Cement

  • Sulaymaniyah, Sulaymaniyah Governorate, Iraq

  • Chief Financial Officer

    • Apr 2024 - Present
    • Sulaymaniyah, Sulaymaniyah Governorate, Iraq

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  Faruk Investment Group Ltd

  • Iraq
  • Investment Management
  • 100 - 200 Employee

  • Budgeting & Reporting Manager

    • Sep 2022 - Apr 2024

    Budget Controller- Financial Budget- Industrial Performance Budget- Capex Project feasibilitiesFinancial & Management Reporting- Monthly, Quarterly Financial Statement- Production and Management Accounts- Annual & Quarter performance presentationsBusiness Expansion- Market development analysis- Liaison to Marketing team for evaluation and risk management of new market segments- Liaison to Marketing team for evaluation and risk management of new Product development- Product feasibilitiesBusiness Sustainability- Operational Risk management - Fuel & Energy Management strategies- Process Flow Audits- Mass Flow Audits- External Business Environment analysis- Long-term Resource Strategies- Long-term Capex Planning- Working Capital ManagementCost Optimization Strategies- Direct Cost Optimization Strategies- Indirect Cost Optimization- Cost Saving Action Plans- Fuel Mix Management- Post Completion Projects valuationRevenue Maximization Strategies- Product Portfolio Analysis- New Product development in Lison with marketing team- Product Pricing analysisFinance Business Partner for ERP Projects- Facilitation of ERP implementation and enhancements from Finance side

  • Plants Financial Control Manager

    • Jul 2018 - Sep 2022

    • Cost control, Industrial Performance and financial Control• Preparation & Control of financial and operation budgets• Cost Optimization, development of cost conscious environment in plant operations• Preparation of monthly and annual profit & loss statements• Monthly and annual variance analysis. • Forecasting: Making forecasts for in time decisions.• Evaluation of future management proposals• Dynamic modeling to facilitate all of the stake holders in business process.• Close coordination with sales, production and procurement department for effective planning• Implementation of cost accounting on both plants• Development and Implementation of Plants Performance Management Information System. • Competitive / Standard benchmarking• Plant performance monitoring and Control• Control of Direct Manufacturing Cost Components ( Material, labor and overheads)• Products feasibility ( Evaluation and Comparisons of contribution margins)• Interactive planning, execution and corrective actions• Operations forecasts in terms of optimized targets• Working Capital management in terms of inventory optimization• Keep management informed on day to day plant operations• In-depth analysis of major performance variance with financial impacts and highlighting key areas of improvement• Responsible for Store and weighbridges operations.• Development and implementation of Control procedures

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  Bestway Cement Limited

  • Dy. Manager (Plant Control)

    • Mar 2016 - Jul 2018

    As Dy. Manager (Plant Control)- Plant PlannerBudgeting & Planning: - Preparation of Plant fixed and Variable Budgets. - Preparation Plant Production Plans. - Rolling forecasts. - Raw material and fuels requirements. - Power and heat requirements - Projects financial feasibilities and pay back calculation. - Coordination with functional front line managers for cost efficiency as finance business partner. Finance (Accounting, costing and Control): - Ensure proper allocation of all plant costs in relevant heads and cost centers through accounts payable vouchers validation and purchase requisitions validation. - Monitoring and control over all plant fixed and variable expenses. - Variance analysis of fixed and variable expenses. - Financial impacts of KPIs - Coordination with Financial, Cost and performance auditors.Performance Analysis: - Calculation and monitoring of plant daily, weekly ,monthly and annual KPIs - Implementation of management information system on four plants, integrated with daily, weekly, monthly and annual reports. - Preparation and reporting of Monthly Manufacturing Performance budgets and actual reports, monthly performance reports. - Fuel mix and power mix analysis. - Energy flow reconciliations ( Heat balance and power consumption efficiencies) - Organizing physical stock take activities (Store and spares, Fuels & Raw Materials) and recommendations for variances adjustments in books. - Ensure timely monthly and yearly reporting to Group.

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  LafargeHolcim

  • Switzerland
  • Wholesale Building Materials
  • 700 & Above Employee

  • Plant Financial Performance and Inventory Control ( Plant Control Assistant Manager)

    • Jan 2015 - Jul 2016

    Budget and Planning:- Preparation of production/operational plans and financial budgets- Material planning in close coordination with supply chain and plants.- Major role in preparation and monitoring of Capex and Opex ( Fixed and variable ) budgets and variance analysis. - Monthly, Quarterly and annual variance analysis (Actual vs Budget)- Organizing monthly closing activities from plants sitePlant Financial and Operational Performance Monitoring and Control:- Manufacturing cost controlling.- Performance monitoring.- Performance benchmarking with other plants- Energy cost optimization ( Power and Heat)- In-depth analysis of major performance variance with financial impacts and highlighting key areas of improvement.- Determine materials, fuels, and power requirements..- Development and Implementation of management information system on four plants, integrated with daily, weekly, monthly and annual reports along with DPR (daily production report) - Equipment efficiency comparisons for all the four works.- Close monitoring of financial impacts of KPIs and cascade down the impacts to technical and operational departments- Daily, weekly, monthly and annual performance and financial reporting from plant operations site to group.- Preparation and reporting of Monthly Manufacturing Performance budgets/targets and monthly performance reports.- Development and implementation of analytical modules and reporting dashboards.- Development of tools for financially optimized plant performance- Ensure timely (monthly and yearly) reporting to Group. - Projects financial feasibility and pay back calculation.- Coordination with external auditors.- Coordination with functional front line managers for cost efficiency as finance business partner (a bridge between finance and operations)

  • Inventory and Fixed Assets Controller

    • Jan 2008 - Dec 2014

    - Responsible for physical and financial control of more than 5000 assets in FA register in ERP- Working in Oracle ERP Fixed Assets module- Ensue proper valuation and booking of assets with proper classifications.- Monthly depreciation process- Physical verification of assets, assets tagging.- Monitoring (CWIP) Capital Work in progress Scheduling, and capitalization of projects- Fixed Assets additions and deletions- Fixed Assets Scheduling- Monthly Inventory and Cost reporting and closing. - Oracle ERP inventory module- Ensure proper valuation and bookings of inventories according IAS- Conducting physical stock verifications.- Maintain costing sheets and ledgers of materials, for booking and tracking of Purchases, Consumption and stocks.- Monitoring spare parts warehouse and implementation of controls.- Inventory levels management.- Dealing with auditors.

  • Accounts Executive Plant/Cost Controller

    • Mar 2007 - Jan 2008

    Controlling all petty cash expenses. - Monitoring administrative cost. - Defining Cost allocation bases - Analyzing Cost variances based on Historical cost & Budgeted cost. - Variance analysis of petty cash expenses.

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  Unified Ventures Pvt Ltd

  • Islamabad

  • Accounts Executive

    • May 2004 - Mar 2007
    • Islamabad

    Unified Ventures (Pvt.) Ltd a telecommunication company is an associated company of DANCOM Pakistan (Pvt) Limited. With a mission to provide nex-gen quality products and services to the dynamic and ever growing telecom market. My major Responsibilities in UNIFIED are: Accounts Officer - Preparation and maintenance of financial statements.- Preparation of sales tax and indirect tax returns. - Preparation of sales and different kind of budgets. - Management of accounting and financial data.- Inventory Management, Inventory costing and valuation of inventory on different basis.- Evaluation of business reports and feasibility reports.- Working in a computer based accounting environment all the accounts are maintained on Peach tree , & Excel Based accounting modules. - Preparation of short term and long term budgeting, capital budgeting.- Computer based auditing and accounting. - Experience in corporate and tax. - Fixed Assets Maintenance- Cash and bank handling.