Rizvi Rasheed

Rizvi Rasheed Email and Phone Number

Experienced CPA With 20+ Years of Financial Management Success @ Koko Black Chocolate
australia
Rizvi Rasheed's Location
Craigieburn, Victoria, Australia, Australia
Rizvi Rasheed's Contact Details

Rizvi Rasheed work email

Rizvi Rasheed personal email

About Rizvi Rasheed

As a highly skilled and versatile financial professional and CPA, I have acquired a wealth of experience in FMCG spanning more than two decades, including my recent role as a Finance Director at SALIC Australia, where I oversaw a large crop farm spanning 540k hectares with an annual production of 185k tonnes of grain and export of 175k MT of wheat. I am also responsible for creating the finance department and team, direct financial and management accounting, reporting to management, and corporate compliance and audit, among other responsibilities.Throughout my career, I have demonstrated the ability to provide strategic financial guidance and support to senior management, resulting in a significant increase in crop production in the 2022 season. I have successfully implemented ERP systems, automated payroll systems, and led the implementation of Oracle, resulting in increased efficiency and a reduction in errors.In my previous roles, I have developed monthly management reports, created and revised standard costs for new products, and implemented a barcoding system for fixed assets. I have also successfully completed a feasibility study for purchasing a cropping farms and collaborated with the IT department to implement a computerised costing system. In addition to my qualifications and experience, I possess strong technical skills in SAP, Oracle, NetSuite, Xero, PowerBI, and Agworld. If my profile interests you, please contact me.

Rizvi Rasheed's Current Company Details
Koko Black Chocolate

Koko Black Chocolate

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Experienced CPA With 20+ Years of Financial Management Success
australia
Website:
kokoblack.com
Employees:
136
Rizvi Rasheed Work Experience Details
  • Koko Black Chocolate
    Financial Controller
    Koko Black Chocolate Jan 2024 - Present
    Melbourne, Victoria, Australia
  • Salic - Saudi Agricultural And Livestock Investment Company
    Financial Controller/ Finance Director
    Salic - Saudi Agricultural And Livestock Investment Company Mar 2020 - Apr 2023
    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
  • Koko Black Chocolate
    Management Accountant
    Koko Black Chocolate Feb 2017 - Feb 2020
    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
  • Al Faisaliah Group
    Finance Manager
    Al Faisaliah Group Apr 2006 - Aug 2016
    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

Rizvi Rasheed Skills

Accounting Accounts Payable Internal Audit Variance Analysis Finance Budgets Cash Flow Sap Account Reconciliation Analysis Business Analysis Cash Management Financial Reporting Budgeting Financial Analysis Sap Products Business Planning Erp Financial Accounting General Ledger Management Consulting Managerial Finance Payroll Internal Controls Forecasting Auditing

Rizvi Rasheed Education Details

Frequently Asked Questions about Rizvi Rasheed

What company does Rizvi Rasheed work for?

Rizvi Rasheed works for Koko Black Chocolate

What is Rizvi Rasheed's role at the current company?

Rizvi Rasheed's current role is Experienced CPA With 20+ Years of Financial Management Success.

What is Rizvi Rasheed's email address?

Rizvi Rasheed's email address is ri****@****ail.com

What schools did Rizvi Rasheed attend?

Rizvi Rasheed attended Cpa Australia Program, Acca, University Of Leicester, Institute Of Chartered Accountants Of Sri Lanka, University Of Colombo.

What skills is Rizvi Rasheed known for?

Rizvi Rasheed has skills like Accounting, Accounts Payable, Internal Audit, Variance Analysis, Finance, Budgets, Cash Flow, Sap, Account Reconciliation, Analysis, Business Analysis, Cash Management.

Who are Rizvi Rasheed's colleagues?

Rizvi Rasheed's colleagues are Cam Tu Nguyen, Luis Parra, Debbie Ioannidis, Mira Cohen, Tommy Bui, Sanjana Hegde, Philip Han.

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