Haris Yaqub

HARIS YAQUB (ACMA) Assistant General Manager Finance & Accounts Email:- Phone: -/ - LinkedIn: www.linkedin.com/in/haris-yaqub-acma-300547b6 SENIOR FINANCE & ACCOUNTS PROFESSIONAL Expertise in managing financial, accounting and commercial functions across Retail Store, Stitching Unit, Furniture Factory, Restaurant, Construction, Textile, Manufacturing Dairy Products and Milk Collection; targeting challenging assignments with an organization of repute PROFILE SUMMARY Visionary professional with a dynamic career of 20.5 years in entire finance & accounts, costing, budgeting and project management functions with consistent record of delivering results in growth, revenue, cost, operational performance & profitability Leveraging skills in preparing financial reports / statements and managing documents for streamlining systems to facilitate achievement of organizational objectives and ensure profitability of operations Deep involvement in the decision-making processes in adherence to financial regulations; innate capability of driving business revenues via forecast and accurate analysis of financial data to lessen or eliminate losses incurred by the company Skilled in end-to-end finalization of accounts, financial statement review, corporate finance, formulating & implementing annual budgets & plans, transfer pricing, assessments and returns filing, costing & variance analysis and monthly management reports Capable of monitoring and reviewing expenditures vs. budget, cost & benefit analysis of each project, controlling accounts and supporting strategic decision-making process Expertise in managing day-to-day accounts related activities in coordination with internal/external departments for smooth financial operations Established consistent and appropriate business practices, enhanced process controls and built staff morale; instituted controls, teamwork and responsibility throughout the entity PROFESSIONAL ACHIEVEMENTS Credited for developing Internal Control Procedures about Cash Payment, Bank Payment & Proper Implementation of Voucher System: 2016 Steered efforts in clearing bookkeeping backlog of over 1 year by developing & training the team of new staff- 2016& 2000 Spearheaded re-design & implementation of Accounting System in 2016 Steered system and process study for ERP (Oracle) at Gulistan Group of Companies in 2013 Successfully developed & implemented: System of Costing in 2006 Accounting System Designing at Prime Dairies Ltd. in 2000 Accounting System/Procedure Designing at Prime Rangers Dairy Project in 1998 Accounting System Designing at Oriental College of Arts in 1998 ORGANIZATIONAL EXPERIENCE Chenone Stores Ltd., Lahore, PakistanSince Aug’17 Assistant General Manager-Finance & Accounts Key Result Areas: Working as a Finance Team Leader and rendering support in stores & E-commerce (digital/web) Concept Directing the entire gamut of retail & financial operations and evaluating organization’s financial performance; conducting financial analysis, developing financial planning processes and structuring & implementing overall commercial plans Driving P&L functions and leading CAPEX and OPEX planning process with emphasis on providing reliability in services, reducing costs, improving gross margins, revenue earning capacity and profitability Undertaking the financial analysis, internal & regulatory reporting, accounting operations and forecasting functions; steering the overall accounting operations & audits for the organization Understanding new business / changes in existing business and analysing impact thereof on financials and suggesting accounting treatment Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions Spearheading the business forecasting & financial modelling to help short-term and long-term planning of the organization; administering the generation of financial forecasts and business plans based on analysis Designing & implementing systems, policies & procedures to facilitate internal financial and process controls & cost management; preparing & presenting business cases for all new Retail & Real Estate Projects Creating executive level presentations (Monthly & Quarterly Business Reviews) and reviewing franchises commission calculations Administering the tasks related to budget preparation, forecasting revenue & expenses for pricing and developing proposal for new prospects Implementing and documenting record keeping, accounting process and accounting packages to run accounting system in the organization Verifying stitching unit financials, fabric stocks, W.I.P, finished items stock, per item conversion cost, fabric cost & margins Controlling furniture factory payments by reviewing financials, wood stocks, ply stocks, W.I.P, finished items stock, per item conversion cost, design printing cost & margins Mentoring, motivating & monitoring team’s performance to ensure efficiency in process operations Enem Stores, Lahore, PakistanNov’14-Aug’17 Manager Finance & Accounts Highlights: Led a team of 14 members including 3 officer and spearheaded financial operations Implemented automated payroll generation system which led to reducing payroll process time and effort by 30% Collaborated with IT Department and successfully converted the partially implemented automated accounting system into fully automated & digital, easy to access system Devised & deployed cost saving protocols that resulted in 15% cost reduction Showcased excellence in: Recovering more than 4 million in overpaid vendor payments by performing audit of past payments Resolving billing discrepancies in sale base parties & establishing smooth relationship with vendors Re-structuring accounting system by developing internal control procedures about cash payment, bank payment and proper implementation of voucher system Achieving more than 2.5 million in unrealized credit sale by performing system audit of past credit sales Reconciled balance of parties which was pending for three years Reformed & executed stock movement procedure Pioneered the set-up of inventory management system by developing standards for reorder level Re-crafted purchase order incorporating all factors required for right purchase Gulistan Group of Companies, Lahore, PakistanMay’06-Oct’14 Manager-Costing & Business Planning Highlights: Conceptualized & implemented strategies and conducted financial research with a team of 3 staff members Developed Costing System for effective operations and devised monthly, annual and five year plans Effectively reviewed & analysed: New products by keeping close collaboration with R&D Department to produce new product with higher profit Current product mix to produce optimum product mix which can generate the maximum profit Product cost and interfaced with R&D Department to develop plans in order to reduce product cost; optimized material composition Managed pre-costing process like pricing of different types of yarn for both local & international Exhibited excellence in introducing new products such as Lycra Yarn, Spandex Yarn, Loyocell, Jute Yarn, Silk Yarn, Air cell, Bamboo and Rigid Core Yarn Contributed in reducing material cost of open end yarn by evaluating different type of wastages to be used as input Formulated budgets used in loan restructuring of Gulistan group of companies Conducted System and Process Study for ERP (Oracle) PREVIOUS EXPERIENCE Gulistan Group of Companies, Lahore, PakistanJul’03-May’06 Deputy Group Accounts Manager Highlights: Partnered with the management team in decision-making process by delivering information with regard to financial ratios and related KPI’s Successfully prepared & submitted different reports as per SECP and statutory requirements Maintained group chart of accounts, consolidated financial statements of group companies, oversaw system development for effective operations, and monitored invoicing, payment and recovery Prime Dairies Ltd., Lahore, PakistanApr’00-Jul’03 Deputy Manager Accounts & Finance Highlights: Headed a team of 15 members including 3 officers; designed Accounting System, supported senior mgmt. in decision-making and managed audit of companies including setting up of internal audit systems and monitoring implementation of the systems; assisted in preparation & submission of different reports as per SECP & statutory requirements Maintained general ledger, accounts payable, accounts receivable; ensured accuracy and timeliness Developed, implemented, and maintained systems, procedures and policies, including accounts payable functions to ensure adherence to company guidelines Partnered with other finance department managers to support overall department goals and objectives and with the General Ledger Group to ensure all financial reporting deadlines are met Negotiated & liaised with banks for optimum utilisation of available Cash Credit Limit; took care of financial systems and management procedures by means of proper budgeting & ensuring that controls are adequate. Successfully prepared & submitted different reports as per SECP and statutory requirement which were required for management’s decisions Prime Rangers Dairy Product (Pvt) Ltd., Lahore, PakistanAug’98-Mar’00 Finance Manager Successfully administered finance & bookkeeping of more than 50 milk collection centres with a team of 10 members including 2 officers; effectively managed Financial Operations, Payroll, Bank Reconciliation, Finalization of Accounts, Audit Facilitation and prepared periodical reports- Reported to Managing Director Highlights: Reviewed financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets Maintained accounting principles, practices & procedures to ensure accurate and timely financial statements; ensured timely and accurate preparation of accounts conforming to appropriate regulations Facilitated maintenance of financial processes, system controls and adherence to policies and SOPs in all areas having a financial impact Developed and reviewed trial balance and various itemized schedules regularly Coordinated with auditors in preparing and examining financial records; successfully completed annual audits Restructured and automated financial processes to bring in efficiencies Managed month and end-year process, accounts payable/receivable, cash receipts, general ledger, payroll and utilities Provided leadership on all aspects of the company’s financial operations and to manage treasury and budgeting functions Headed cash forecasting, revenue and expenditure variance analysis, capital assets reconciliations, check runs, fixed asset activity, and debt activity Provided recommendations, improved systems and procedures and initiate corrective actions Aligned projects and direct staff to ensure compliance and accuracy Maintained fiscal files and records to document transactions, controlled financial planning, and contributed to budgeting and forecasting with periodical controls and management reporting Managed accounting system development along with preparation and submission of different reports to management INTERNSHIP Organization:Oriental College of Arts as Accounts Executive Period:Feb’98-Jul’98 Project:Accounting System Designing IT SKILLS MS Word, Excel Sheet, System Designing, Database Management and Internet Applications ACADEMIC DETAILS 2002ACMA from ICMAP (Financial & Management Accounting) 1995B.Sc. from University of Punjab PERSONAL DETAILS Date of Birth: 16th December 1974 Languages Known: English & Urdu Address: H. No. 6/D, Street No. 10, Mohallah Baba Shah Noor, Daroghawala, Lahore