Oracle
Taimoor Aslam
Operations, Supply Chain Management, Internal Audit And Finance Professional
Karachi,SD
Summary
With 27 years of experience in Finance, Internal Audit, and Supply Chain across Pakistan and the United Kingdom, I bring a rich global perspective and comprehensive expertise. My background equips me with profound insights into financial oversight, risk management, and operational efficiency. This diverse skill set allows me to optimize supply chain processes, enhance financial controls, and spearhead strategic improvements. My international experience strengthens my ability to tackle challenges and apply best practices, driving streamlined operations and ensuring robust financial health for your organization.
Overview
27
27
years of professional experience
Work History
Chief Financial Officer
Dynamic Shipping Agencies (Pvt) Limited
05.2023 - Current
- Create and carry out financial plans to help the company reach its goals.
- Handle budgeting, forecasting, and financial planning.
- Oversee financial reporting, accounting, and internal controls.
- Make sure financial statements and reports are accurate and on time.
- Find and manage financial risks and opportunities.
- implementation of risk reduction strategies into action.
- Ensure the company follows financial rules and laws.
- Oversee audits and financial compliance tasks.
- Negotiated favorable credit terms with banks and other financial institutions for increased borrowing capacity and reduced interest cost.
- Work with top management on strategic projects.
Chief Internal Auditor
Artistic Fabric Mills (Pvt) Limited
07.2021 - 05.2023
- Conducting Risk based audits of different business areas to ensure compliances and mitigation of losses.
- Audits undertaken of Finance, Supply Chain, Information Technology, Production and Marketing for consistency of business practices and financial controls.
- Pre-audit of Imports payment and allocate the costs in related controls account include LC, custom charges and other charges etc.
- Designed control for Inventory management at Fabric, Trims, Spares and Finished goods warehouse.
- Verification of Fixed Assets, utilities consumption and Labor cost.
- Review of fabric wastage trends.
- Verification of Capital, Revenue and Project expenses.
- - Process reengineering and designing of SOP's and their implementation.
Manager Contract Management & Services
National Foods Limited
05.2020 - 06.2021
- Draft, review, and negotiate contracts with vendors, clients, and partners.
- Ensure contract compliance with legal, regulatory, and organizational standards.
- Manage contract renewals, amendments, and terminations.
- Monitor contract performance and service levels to ensure adherence to terms.
- Address and resolve contract-related issues and disputes.
- Implement performance improvement initiatives as needed.
- Develop and enhance contract management processes and policies.
- Streamline contract workflows and documentation practices.
- Stay updated on industry trends and best practices.
- Collaborate with internal teams and external partners to support contract execution.
- Provide guidance and training on contract management procedures.
- Prepare and present reports on contract performance and compliance.
- Identify and mitigate risks associated with contract terms and service delivery.
- Conduct risk assessments and implement corrective actions.
Materials Manager
National Foods Limited
09.2018 - 05.2020
- Create and implement materials planning strategies
- Keep track of inventory and re-order points.
- Inventories audit and handling discrepancies.
- Source, Evaluate and Negotiate with suppliers.
- Strengthening Supplier Relationships and Monitoring Suppliers performance.
- Resolve supplier issues and close the loop on any corrective actions.
- Create and maintain the materials budget.
- Using the material cost analysis to monitor expenses.
- Work in alignment with the regulatory and company policies.
- Work closely with production / operation team.
- Collaborate with the logistics and warehouse teams.
- Provide leadership to direct materials management staff.
- Successfully completed project of in-house warehouses movement to 3rd party warehouses within stipulated time frame and without zero inventory wastage / loss, after negotiating at minimal rates with vendors.
General Manager Operations & Procurement
Artistic Garment Industries (Pvt) Limited
05.2014 - 09.2018
- Involvement in designing production and e-procurement module with IT team in Oracle
- Reduced inventory carrying cost by gradually moving to Just in Time (JIT) for most of local procurements
- Devising and implementing sourcing strategies
- Providing recommendations to management for operational sustainability.
- Implemented Lean and 5S principles to optimize processes
- Develop geographic and demographic criteria to source, screen and qualify potential vendors and suppliers
- Play a key role in developing, maintaining, and improving the organizational purchasing policies and procedures
- Review and evaluate vendor proposals and contracts
- Be the liaison between the purchasing department and vendors, suppliers, and manufacturers.
- Negotiations with suppliers to minimize costs and enhance service delivery.m objectives.
- Reduction in the payroll costs with careful resource allocation and right sizing.
Senior Manager Internal Audit
Artistic Garment Industries (Pvt) Limited
07.2012 - 05.2014
- Develop and implement the annual internal audit plan within the frameworks of risk management features and goals of the company.
- Plan the annual internal audit engagements to be executed within the parameters of risk.
- Carry out comprehensive audit procedures including tests of compliance in order to determine the effects of risks and conformance with laws and management directives.
- Monitor and coach subordinates in internal audit, with a focus on work distribution, check, and feedback.
- Supervise the audit teams during the management performance audit process ensuring adherence to professional standards and quality control practices.
- Report all observed risk factors linked to business activities and practices dedicated to their management.
- Review the established internal controls and propose better options to negate the hygienic deficiencies noted.
- Collection of audit recommendations and implement them within reasonable time intervals Dispensing of Audit reports to those responsible is a non-issue broadly because there is confidence that the reports will be applied.
- Draft and submit detailed audit reports, including all key issues, risks, findings, and recommendations for the attention of top management and the audit committee.
- Manage the stakeholders’ understanding of the audit process concluding the audit.
- Conduct follow-ups on the documents raised during the audit investigations and the documents raised from the action plans drafted in response to those findings to ascertain if any action was taken.
Internal Audit Manager
Artistic Garment Industries (Pvt) Limited
11.2008 - 06.2012
- Collaborated with management to develop action plans to address identified issues, fostering a proactive approach to risk management.
- Led team of junior auditors to consistently meet and exceed audit goals
- Conducted verification inspections to verify implementation of corrective actions and minimize risks of future audit failures
- Applied auditing expertise and industry knowledge to consistently complete quality audits on schedule
- Checked large and complex data sets to identify controls failures, fraud and concerning trends
- Helped teams strengthen internal controls and departmental processes to bring errors to near-zero
- Implemented substantive testing to identify material misstatements, preventing Rs 28 Million in non-compliance losses.
Head of Internal Audit
Habib Oil Mills (Pvt) Limited
06.2007 - 11.2008
- Create and carry out the internal audit plan and strategy in accordance with the organisations goals and risk levels
- Find and evaluate risks; ensure strong internal controls are in place.
- Suggest improvements to reduce risks.
- Supervise and conduct audits, including planning, auditing, and reporting.
- Share audit results and suggestions with top management and the audit committee.
- Check on the progress of audit suggestions and their use.
- Make sure the rules, standards and internal policies are followed
- Keep up with industry best practices.
- Lead and grow the internal audit team
Manager Accounts
Big Bang Communications (Pvt) Limited
08.2004 - 05.2007
- Create and check financial reports and ensure everything is correct and follows accounting rules (GAAP/IFRS).
- Handle daily accounting tasks, like paying bills, collecting money, and keeping track of expenses.
- Oversee the closing of the books at the end of each month and year.
- Lead and guide the accounting team, giving them tasks and reviewing their work.
- Follow rules set by the law and company policies.
- Set up and keep internal rules and accounting methods.
- Work with both internal and external auditors.
- Help create budgets and predict future finances.
- Track how well the budget is doing and explain any variances.
Finance & Accounts Manager
Freight Systems Co Ltd (LLC)
05.2002 - 07.2004
- Oversaw the preparation of monthly financial statements, providing critical insights into business performance.
- Coordinated tax planning strategies with external consultants to minimize tax liabilities and ensure regulatory compliance.
- Streamlined financial reporting by implementing efficient accounting systems and processes.
- Collaborated with department heads to develop annual budgets that aligned with strategic goals and objectives.
- Optimized working capital through careful inventory management and accounts receivable collection efforts.
- Negotiated favorable contract terms for the company, resulting in significant cost savings.
- Managed financial audits, ensuring compliance with regulations and maintaining accurate records for review.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Created financial dashboards to provide insights into key performance indicators.
Management Accountant
Mott McDonald
07.2001 - 03.2002
- Create and examine management reports, such as profit and loss summaries, balance sheets, and cash flow summaries.
- Make sure financial data and reports are correct and on time.
- Help in making budgets and financial predictions.
- Track how budgets are doing and look into any differences.
- Do cost studies and offer ideas for controlling costs and finding ways to save money.
- Study and report on cost patterns and financial results.
- Help with long-term financial planning and decision-making by providing thorough financial analysis.
- Give suggestions based on financial information to help improve business results.
- Make sure the company follows accounting rules and government regulations.
- Keep financial records accurate and current.
- Find ways to improve financial processes and systems
Accounting Manager
TAQ Enterprise Cargo Services (Pvt) Limited
09.1997 - 06.2001
- Oversee the preparation and analysis of monthly, quarterly, and annual financial statements.
- Ensure financial reports are accurate, complete, and in compliance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), as applicable.
- Review and analyze financial statements and reports to provide insights and recommendations for improvement.
- Manage day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and payroll.
- Implement and maintain accounting policies, procedures, and controls to ensure accuracy and compliance.
- Coordinate and oversee the month-end and year-end close processes.
- Coordinate and manage internal and external audit processes.
- Assist in the preparation of annual budgets and financial forecasts.
- Monitor budget performance and provide variance analysis and reports to management.
- Recommend and implement strategies to improve financial performance and efficiency.
- Identify trends, variances, and opportunities for cost savings or revenue enhancement.
- Provide actionable insights and recommendations based on financial data.
- Partner with senior management to develop and implement financial strategies and objectives.
Education
MBA - Logistics & Supply Chain Management
Mohammad Ali Jinnah University (MAJU)
Karachi, Sindh 2 2019 - 7 2021
Certification in Supply Chain Management - undefined
PITAC
Karachi, Sindh 05.2019 - 7 2019
Chartered Accountancy Articleship -
Institute of Chartered Accountants of Pakistan (ICAP)
Karachi, Sindh 09.1993 - 9 1997
Bachelor of Commerce - AccountingEconomicsManagement
University of Karachi
Karachi, Sindh 04.1990 - 5 1992
Skills
Leadership
Business process re-engineering
Project planning & management
Sourcing & Negotiations
MS Office
Warehousing & Inventory Management
Analytical thinking
Strategic planning
Budgeting & Cost Controlling
Risk management
Financial reporting
Vendor management
Software
SAP S/4HANA
EXCEL
POWERPOINT
Languages
Urdu
Native language
English
Advanced
C1
Accomplishments
- Represent Dynamic Shipping for negotiating with NLC in partnering for NLC Off-Dock Container Terminal along with the preparation of feasibility study in this regard.
- Implementation & designing of Cost Centers in the "Climax" system at Dynamic Shipping.
- Involvement in the designing of business processes for the implementation of SAP S/4HANA specifically MM, PP & FICO modules at Artistic Fabric.
- Business process re-engineering by removing the bottlenecks in the production processes at Artistic Garment Industries (Pvt) Limited.
- Certificate of acknowledgement along with cash reward given by Artistic Garment Industries (Pvt) Limited for extraordinary efforts put in the implementing Lean model in the production process.
- Entered into partnerships with the vendors of critical supplies to lock the rates & issues blanket PO's at National Foods Limited.
- Project of Red Chilli procurement ~ storing ~ crushing / grinding with all-time lowest wastage percentage of 3.1%, in comparison to the previous year of 4.6%.
- Generating and implementing efficient sourcing and category management strategies.
- Savings recorded in local procurement of raw materials @ 4.7% for the year end June 30, 2021.
- Earned cash rewards by actively participating in the cost reduction program company-wide with McKinsey by floating and implementing 2 projects and reduced an annual cost of Rs 26.6 Mill.
- Certificate given by National Foods Limited for being a key member in getting BRC certified.
Timeline
Chief Financial Officer
Dynamic Shipping Agencies (Pvt) Limited
05.2023 - Current
Chief Internal Auditor
Artistic Fabric Mills (Pvt) Limited
07.2021 - 05.2023
Manager Contract Management & Services
National Foods Limited
05.2020 - 06.2021
Certification in Supply Chain Management - undefined
PITAC
05.2019 - 7 2019
Materials Manager
National Foods Limited
09.2018 - 05.2020
General Manager Operations & Procurement
Artistic Garment Industries (Pvt) Limited
05.2014 - 09.2018
Senior Manager Internal Audit
Artistic Garment Industries (Pvt) Limited
07.2012 - 05.2014
Internal Audit Manager
Artistic Garment Industries (Pvt) Limited
11.2008 - 06.2012
Head of Internal Audit
Habib Oil Mills (Pvt) Limited
06.2007 - 11.2008
Manager Accounts
Big Bang Communications (Pvt) Limited
08.2004 - 05.2007
Finance & Accounts Manager
Freight Systems Co Ltd (LLC)
05.2002 - 07.2004
Management Accountant
Mott McDonald
07.2001 - 03.2002
Accounting Manager
TAQ Enterprise Cargo Services (Pvt) Limited
09.1997 - 06.2001
Chartered Accountancy Articleship -
Institute of Chartered Accountants of Pakistan (ICAP)
09.1993 - 9 1997
Bachelor of Commerce - AccountingEconomicsManagement
University of Karachi
04.1990 - 5 1992
MBA - Logistics & Supply Chain Management
Mohammad Ali Jinnah University (MAJU)
2 2019 - 7 2021