Syed M Sarmad Wasim, CMA®

Experience

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  Binzagr Company

  Jun 2013 - Dec 2017

  Financial Analyst

  Have performed in various areas of responsibility reporting directly to Vice President of Finance.Major areas include:-Financial Planning & Analysis: • Performed & reported BU/Company-wide, Variance/product profitability analysis for management’s review.• Performed financial statement analysis by analyzing key ratios .i.e. Solvency, Liquidity and Operating to assess the overall impact on company’s financial health.• Compared & communicated KPIs regarding profitability with SOPs.-Imports Costing & Accounts Payable: • Performed Cost, Volume, Profit (CVP) analysis • Analyzed the cost components of products to adhere with the prescribed price structure.• Processed payment of various Vendor invoices and performed reconciliation of Statement of Accounts (SOA).• Managed general ledgers pertaining to Marine Insurance for the goods in transit and various supply chain related expenses. • Performed detailed analysis of Goods received and Invoices received for financial and operational reporting at month end closing.• Monthly clearing & closing of various GL Accounts via SAP ERP.-Budgeting & Accounts Receivables: • Analyzed key budgeting data & preparation using Bottom-Up approach.• Given input for respective area of responsibility during annual budget preparation.• Raised & communicated various claims with the principle with regular follow up and periodic Ageing analysis.-SLOB Reporting:• Sole responsibility of comprehensive analysis of across the company SLOB (Slow & Obsolete) perishable Trade Inventory data & reporting it to various BU Heads for timely decision making.-Treasury Management:• Prepared & communicated the core liquidity analysis to the management.• Analyzed and managed the daily bank account balances to ensure that the company meets its short term liquidity requirements. .• Processed all payments for foreign and local vendors.• Communicated and settled foreign exchange forward contracts with various banks. عرض أقل

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  Basamh Industrial Co. Ltd

  Dec 2017 - Apr 2020

  Commercial Finance Analyst

  Have performed in various areas of responsibility working in brand management team.Partnered with relevant finance departments and other business functions (Trade Marketing, Marketing, HR, etc.) to achieve key objectives adding value and facilitating sustainable, profitable growth.-Budgetary Control: • Ensured financial control, accruals and alignment of budgetary spending as per plan.• Regularly reviewed & updated management on trade activities and analyzed actual vs. budgeted monthly spending.• Tracked & Reviewed annual agreements with customers.• Undertook ROI and profitability assessments for the activities.• Regularly advised and updated the cross functional teams regarding budgetary control and efficient usage of financial resources.• Communicated and coordinated with the distributor regarding all financial transactions including claims and contracts.• Recording & Posting of marketing accrual entries into respective SAP GL (General Ledgers) and sub GLs.-Financial Analysis: • Monthly financial/budgetary report to the management containing relevant areas of importance.• Monitored and ensured budgetary control at channel and customer level.• Performed profitability analysis at channel and customer level including calculations pertaining to operating expense ratio.• Performed investment appraisal for all marketing initiatives to assess the viability of project and the value they generate.• Prepared and analyzed monthly financial forecasts for the marketing team.-Management Reporting: • Generated and submitted monthly forecast reports pertaining to Sales, Investment and profitability at channel and customer level.• Advised the management regarding the economic and commercial aspects of the brand including (market, prices, commercial policy etc.) عرض أقل

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  Sunbulah Group

  Apr 2020 - now

  Senior Financial Analyst