Establish/ Improve Business Processes In Accounting And Finance
Implemented accounting, budgeting and reporting systems – Installed software, instituted routines, trained and coached staff in a “show and tell” way to inculcate best practices and reach stated objectives. Other depts. received on time reports and any questions answered quickly. Ad-hoc reports became non-burdensome. Discover relevant performance metrics and profitability drivers and highlighted critical success factors.
Management Accounting
Apart from financial accounting, have emphasized management accounting practices and thinking to “drill down” on profitability and liquidity issues. Built business and cash planning financial models to analyze management options. This is inter alia, to determine breakeven points and its’ dynamics, ratio analysis and activity based costing and management. All this is done to illuminate the end result of business processes and decisions and develop a deeper understanding of how resources are utilized to provide customer value and generate profits.
Working Capital Management
Worked on improving the cash cycle by being detail oriented and setting targets. Established cash controls and detailed daily reporting to manage the “float” of funds. Negotiate with lenders, interpret debt covenants for its’ relevance to a firm’s workings, and establish confident relationships by providing timely and relevant information. Expertise in raising debt finance.
Internal Control Practices
Significant improvement in accuracy of daily and monthly financials. Prepare records for outside audit and operate as the senior co-coordinator for auditors in finally answering their queries and interpreting company records and practices. Developed and implemented formal internal control practices and documented it in a detailed manual.
People
Played hands on role in fostering a finance dept. comprising of an enthusiastic team. Developed practices independent of individuals. Instilled an accountability spirit. Able to present the “big picture” to staff on the impact of their work contribution.
Strategic Planning
Spear headed the formulation and implementation of strategic plans. Ensured linkage of financial strategy with operational strategy. Directed the development of budgets based on broad goals and growth objectives. Periodic reviews and updates to make this a “living” exercise.
Non-Finance Functions
Have been responsible for IT, HR and administrative functions. This involved equipment procurement in IT and other business assets. Worked to formulate IT and HR policy and functions. Have been responsible for evaluating outside service providers, contracting and supervising how these functions are performed to benefit the firm.