Salman Faisal Email & Phone Number

United States

As a seasoned Financial Controller at VASL, I lead the financial management and reporting functions to drive strategic decision-making and ensure fiscal responsibility. My role encompasses a wide range of responsibilities, including:Financial Planning and Analysis:Develop comprehensive financial plans, budgets, and forecasts.Conduct variance analysis and provide insights into financial performance.Collaborate with department heads to align financial objectives with organizational goals.Financial Reporting:Oversee the preparation of accurate and timely financial statements.Ensure compliance with accounting principles, regulations, and reporting requirements.Implement and maintain robust internal controls to safeguard company assets.Cash Flow Management:Monitor and manage cash flow to optimize liquidity and support operational needs.Implement effective working capital management strategies.Risk Management:Identify and assess financial risks, proposing mitigation strategies.Stay abreast of industry trends and changes in regulatory requirements.Team Leadership:Lead and mentor a high-performing finance team.Foster a collaborative and results-driven work environment.Audit and Compliance:Coordinate external audits, ensuring timely completion with minimal discrepancies.Ensure adherence to regulatory requirements and accounting standards.Cost Control:Implement cost control measures to enhance profitability.Analyze cost structures and recommend efficiency improvements.Systems Implementation:Drive the implementation and optimization of financial systems for efficiency.Leverage technology to streamline financial processes.

Key Responsibilities:- Ensure, on time month end closing activities along with required informative disclosures- Analyze recurring closing items, propose improvement actions to strengthen internal controls and improve the efficiency of financial processes- Prepare daily, weekly and other periodic management reports.- Process invoices and follow up with clients, suppliers and partners as needed- Processing and recording payments as per established SOPs.- Preparing driver compensation and getting it approved from warehouse manager.- Reconcile any discrepancies or errors identified by conversing with employees and/or clients- Communicating with vendors to resolve any invoice and application related issues.- Getting approval of invoices with respective warehouse managers.- Lodging disputes with vendors on the unapproved amount and closing any open balances by requiring credit memos from vendors.- Special projects and ad hoc analysis as neededEffective and timely resolution of queries from other functions of the finance team and other departments.- Prepare accurate Financial Statement and month-end close reports.- As a stakeholder in the accounting process, recommend improvements in processes by automating mundane tasks.

- Preparation of financial statements of company;- Preparation and finalization of monthly salary sheets;- Preparation and reconciliation of bank accounts;- Design and implementation of internal control systems atvarious profit and cost centers of group;- Preparation and recording of multiple site cost and profitcenters;- Assisting Finance manager in preparation of forecasts,quarterly and monthly budgets;- Supporting Accounts manager as required;- Identifying and promoting cost-reducing measures;- Logging, investigating and resolving supplier invoices underquery;- Obtaining in depth knowledge of systems and processesdesigned to mitigate risks in accounting and tax complianceprocesses; and- Bookkeeping in MS Excel and ERP (Microsoft SQL Server &FoxPro) accounting software package

Prepared Standard operating procedures of: • BMA Capital (pvt) Ltd(Risk, Compliance, Equity Trade, Settlement, Investment Banking and Human Resource)• Al Shaheer Corporation limited • Misha Lakhani (pvt) limited▪Conducted branch audits, reporting and mitigation of control deficiencies assignments of several leading names in the retail industryInternal Audit: • Crescent Steels & Allied products limited • Colgate Palmolive limited • International Brands Limited (Group Auditor) • Sanofi Aventis - Distributors Audit • Unilever - Distributors Audit • Al Shaheer Corporation limited • BMA Capital Management (Pvt) Ltd • Alfalah Securities (Pvt) LimitedEXTERNAL AUDIT▪ Karachi Shipyard & Engineering works Ltd▪ Pakistan Oxygen Ltd (Linde Group)▪ Dadex Eternit Ltd▪ Pakistan International Airlines (PIA)▪ Tapal Energy (Pvt) LtdRISK & ADVISORYICFR (Internal Controls over Financial Reporting) testing and Quality Review assurance of: • Telenor Micro Finance Bank Ltd • JS Bank Ltd

Ca Finals, Accounting And Finance

Certified In Accounting And Finance

Bachelor Of Business Administration - Bba, Accounting And Finance, A

The programme has a broad-based curriculum that equips you with the tools necessary for intelligent analysis, planning, control.