Rizvi Rasheed Email & Phone Number

Melbourne, Victoria, Australia

Merredin, Western Australia, Australia

𝐒𝐜𝐨𝐩𝐞:Manage accounts for a large crops farm spanning 540k hectares, overseeing annual production of 185k tonnes of grain and facilitating the purchase and export of 175k MT of wheat to Saudi Arabia.➤Tasked with undertaking the creation of a Finance department and team, including creating a Chart of Accounts, and control procedures for procurement and inventory mgmt. for the business.➤Direct financial and management accounting, reporting to management, covering treasury… Show more 𝐒𝐜𝐨𝐩𝐞:Manage accounts for a large crops farm spanning 540k hectares, overseeing annual production of 185k tonnes of grain and facilitating the purchase and export of 175k MT of wheat to Saudi Arabia.➤Tasked with undertaking the creation of a Finance department and team, including creating a Chart of Accounts, and control procedures for procurement and inventory mgmt. for the business.➤Direct financial and management accounting, reporting to management, covering treasury, banking, corporate compliance and audit and taxation with a total asset value of $298m and 90 employees.➤Produce a $125m p.a. sales budget based on group budget guidelines in collaboration with operational departments, generating monthly commentaries on variances and updating rolling year-end forecast.𝐈𝐦𝐩𝐚𝐜𝐭:✅Successfully implemented a complete Oracle ERP system within a 3-month period which resulted in:✅Reduced accounts payable delays from ~15 days to ~4 days.✅Accurate, transparent and timely expenditure reporting helped control repair and maintenance spending saving the company approx. $400k p.a.✅Implementing inventory management reduced inventory on hand by an average of $500k p.a.✅Established a comprehensive, monthly management reporting system for senior management, group investment and finance teams, and the board of directors improving operational efficiency.✅Member of steering committee conducted a complete business operation review, formulating a 5-year financial projection along with business strategy, resulting in a significant increase in production in the 2022, translating into an additional net income of $ 3.8m.✅Achieved 3 "clean" audits despite continuous management changes within the organisation.✅New automated payroll system reduced payroll processing to 1 day and manual entry errors to ZERO.✅Despite the challenges of rural and remote locations, improved culture in the 3 member accounting team reducing staff turnover by 100% throughout tenure. Show less

Northern Melbourne

𝐒𝐜𝐨𝐩𝐞:➤Responsibility for inventory controlling and cost accounting. Created/revised standard costs for approx. 150 new SKUs and computed margin analysis to fix selling prices, releasing standard costs and selling prices into the system.➤Finance representative of implementing NetSuite ERP system➤Undertook daily sales analysis, profitability analysis by product segments, and BOOT test for wages paid stores employees for FY2020.➤Assisted the CFO in preparing approx. 12 ad-hoc… Show more 𝐒𝐜𝐨𝐩𝐞:➤Responsibility for inventory controlling and cost accounting. Created/revised standard costs for approx. 150 new SKUs and computed margin analysis to fix selling prices, releasing standard costs and selling prices into the system.➤Finance representative of implementing NetSuite ERP system➤Undertook daily sales analysis, profitability analysis by product segments, and BOOT test for wages paid stores employees for FY2020.➤Assisted the CFO in preparing approx. 12 ad-hoc management reports, resulting in better financial insights and informed decision-making. 𝐈𝐦𝐩𝐚𝐜𝐭:✅Helped to improve overall sales by approx. 5% YoY though regular submission of number of corporate and regional sales performance reports on time that assisted in identifying sales trends and areas of required focus✅Conducted monthly raw material and finished goods stocktake, leading to improved inventory control and reduce inventory holdings by around 10-15%, or approx. $200k. ✅Implementing the ERP system helped reduced the wrong GL posting relating to sales, inventory and costing models and reduced the monthly accounts closing time by 5 days ✅Developed a store and SKU-wide, monthly profitability analysis report that led to implementing around 5 initiatives delivering a reduction in net losses by 10% or $ 300k.✅Reduced inventory discrepancies by 25-30% by introducing monthly quantity reconciliation, resulting in more accurate inventory tracking and reduced financial losses. Show less

Saudi Arabia

𝐒𝐜𝐨𝐩𝐞:➤Managed 15 staff covering financing and accounting functions of the second-largest dairy farm in Saudi Arabia, encompassing a farm size of 55k cows and 6k hectares of fodder crop production.➤Prepared and sent monthly management reports to 7 farm managers and 6 senior company executives, presenting analysis during monthly performance review meetings.➤Developed 10-12 reports covering the cost of products, pricing, variable contributions, sales results and actual… Show more 𝐒𝐜𝐨𝐩𝐞:➤Managed 15 staff covering financing and accounting functions of the second-largest dairy farm in Saudi Arabia, encompassing a farm size of 55k cows and 6k hectares of fodder crop production.➤Prepared and sent monthly management reports to 7 farm managers and 6 senior company executives, presenting analysis during monthly performance review meetings.➤Developed 10-12 reports covering the cost of products, pricing, variable contributions, sales results and actual performance compared to business plans.𝐈𝐦𝐩𝐚𝐜𝐭:✅Successfully assisted with increasing the company’s net income by 500% in 10 years.✅Assisted the company merger with an offshore company, resulting in a combined business of US$1.5b and increasing the net income of the combined business by 10%, equivalent to approx. US$25m pa.✅Produced a feasibility study report to complete a deal for purchasing a 20k hectares cropping farm in Sudan, which resulted in meeting a 10% of fodder requirement of the Al Safi Dairy Farm✅Implemented a barcoding system for 10k fixed assets, reducing the time taken for physically counting holdings by 67%.✅Collaborated with the IT department to implement a computerised costing system for the herd size of 55k cows resulting in 10-15 manhours required for completing the month-end CO closing process. ✅Led the implementation of SAP and interface, reducing the number of manual journal entries, reducing errors and saving 2 working days at the month-end closing. Show less

Cpa, Accounting And Finance

Diploma In Ifrs, Ifrs

Mba, Finance

Associate

Bachelor, Commerce