Accountant in Brampton, Ontario
JAVAID FAROOQUI 112 Aylesbury Drive, Brampton, ON, L7A 0W6, CANADA Ph. res:(647) 69... Cell:(416) 88...; e-mail: ...@*******.com EDUCATIONAL QUALIFICATIONS • CMA Overseas • B..... University Degree Overseas • CGA Canada enrolled in Level 3 • CMA Canada enrolled in Strategic Leadership Program. PROFESSIONAL SKILLS Costing & Inventory • Cost saving exercises • Standard, Kaizen, Process, Job Order, Project & ABC costing, Variance analysis • Inventory valuation, Physical count, Reconciliation & Variance corrections. Bill of Materials Software • SAP, ORACLE. Quick Books, Simply Accounting, Visual Account Mate, Streamline, Navision, Business Vision, JD Edwards, SyAcc, Sun system, 4th Shift, Fox pro • MIS reports, Feasibility studies & R & D cost • Migration of software’s : From Fox pro to Sun System & from Sun System to 4th Shift From Simply Accounting to Quick Books • Established full fledge new costing systems in `Benevito Foods’ and `Delft Blue’ General & Financial Accounting • Treasury, Budget, Receivables, Payables, Tax, Secretarial jobs, Audit Schedules, Final Accounts, Insurance, Fixed Assets CAPEX, Pension, Payroll, Auditing WORK EXPERIENCE General Costing • Standard, Kaizen, Process, Job Order, Activity based Costing, variance analysis, Prod. & Sales report, Material price, quantity, mix, yield, labor rate & efficiency, Overhead Spending & Idle Capacity Variances, Analyzing Sales Contract & calculation of Cost vs. Price ratio, profit margin & analysis, Keeping historical record, Updating cost of old products and roll up cost for new products, Supporting Plant people in Budget Process & Calculating overhead absorption rates Inventory • Inventory valuation & selection of products for cycle count with co-chair lead role, reconciliations, analyzing & correcting variances between G/L & physical, adjustment for disposal & stock turnover, Helping manufacturing in designing cost control to manage effectively around 100,000 sku’s, Liaising with purchase for material’s receipt schedule & costs, assist in maintaining Bill of Materials Kaizen Costing (on own initiative) • Cost saving exercise (resulting in savings of $ 3 million per annum) on: • Getting increased production from existing presses, re-use of wooden packing boxes & establishment of quality control Unit in vendors premises Project Costing (on own initiative) • Feasibility reports on extension of company’s production facilities saving of $ 5 M/annum Special Assignments (own initiative) • CAPEX analysis, physical verification, tagging & reporting & Developed chart of accounts for Oracle & 4th Shift GL systems, Shifted Fox pro to Oracle Fluid Hose & Couplings, Mississauga (Manufacturers of Industrial Hoses & Couplings) Cost– Aug 2013 to Nov 2013 ( Contract); Reporting to General Manager Finance (Received appreciation letter from General Manager Finance) Software: SyAcc Job responsibilities: • Establishment of new Labour analysis & Costing system • Costing of new products, their pricing and maintain record • Revised calculation of standard costs of historical Finished Goods • Variance analysis • Designing job related SOP’s Solis Mexican Foods, Brantford (Manufacturers of Tortilla, Chips & Pizza Dough) Plant Accountant– Aug 2012 to Feb 2013 (Permanent); Reporting to Vice President Finance Software: Business Vision Job responsibilities: • Costing of new products and maintaining database of existing products. • Monthly physical inventory counts and reconciliations at six locations • Inventory & labor variance analysis and issuing reports • Fixed assets entries, record maintenance & verification with budget • CHEP pallets weekly invoices approval and monthly reconciliations • Designing of job related SOP’s Alliance Corporation, Mississauga (Manufacturers of Wireless products for Bell, Rogers & Nokia) Project Cost Accountant– May 2012 to Jul 2012 (Contract) Reporting to Vice President Finance (Received appreciation letter from Vice President Finance) Software: Streamline Project related job responsibilities: • Budget preparation, Cash Flow projections, Variance analysis, Approval & booking of invoices. Payroll Delft Blue, Cambridge (Meat producers) Consultant Costing – Jan 2012 to Mar 2012 (Contract) Reporting to Controller Finance (Received appreciation letter from Controller Finance) Software: Visual Account Mate Costing & Pricing • Establishment of full fledge standard costing system previously not in existence. Benevito Foods, Etobicoke (Bakery & Pasta products manufacturers) Costing & Inventory Accountant - Jul 2007 to Sep 2011 (Permanent) Reporting to President (Received appreciation letter from President) Software: Navision Costing & Pricing • Costing of products under standard cost approach and maintain historical database in the system • Price model calculations of new products and maintaining sales volume, value & margin data • Participation in production & marketing meetings for cost calculation & advising alternative price bases • Analyzing trend in input costs and judging its impact on profitability • Profitability calculations on existing contracts and follow up for new pricing on expiring contracts • Discuss raw & packaging material & Labor with production & Quality for cost structure in database Inventory • Punching daily production & inventory • Reconciliations, analyzing & correcting variances between G/L & physical inventory • Valuation of inventory & adjustment & stock turnover report • Selection of products for cycle count & co-chair lead role in physical count verification • Obsolete / left over material disposal report and inventory adjustments thereof • Liaising with purchase for better prices, monitoring purchase of high value materials on JIT basis Government reporting • Monthly & yearly filing of purchases of dairy products & sales to Canadian Dairy Commission • Applying & getting registered new products with Canadian Dairy Commission • Responsible for Canadian Dairy Commission desk / field audit Achievements • Establishment of Standard Cost system in Navision Software • Pioneer in designing & developing formats for raw and packing material consumption, labor utilized, wastage details, job completion reports, and other auxiliary reports • Monitoring first commercial production run of every new product noting down material used, labor utilized, left over material & other details & comparing results with original planning Additional help to different accounting segments as under: Accounts Payable • Helping in checking vendors bills with PO & GRN, rebates & discount calculations, giving calls, settling discrepancies, attaching documents for check signature, filing invoices after payment, preparing un-paid bills statement with commentary, accrual of bills Accounts Receivable • Helping in checking invoices with sales order & delivery note, discount calculations, following unsettled invoices thru calls & internet, depositing checks in bank & follow up for clearance, settling discrepancies, compiling & filing receipt documents, preparing statement of un-paid invoices with reasons for non-receipt, accrual of invoices Financial Statements • Helping in finalizing statements by analyzing & providing reasons for the variances, bank reconciliations, Cash Flows, monthly depreciation, acquisition & disposal of assets, budget preparation, Insurance renewal, resolving audit queries Payroll • Helping HR by calculating labor hours for payroll, preparing group insurance list Read Eastern Capital, Markham (Construction business & Grocery store) Accounting Manager - Jun 2005 to Jun 2007 (Permanent); Reporting to Controller & Chief Executive Software: Quick books, Simply Accounting Costing & Inventory • Costing of Town houses, Food Court & Condominiums & Grocery store items & breakeven calculations. • Valuation of inventory & reconciliation. Development of inventory controls & purchasing system General & Financial Accounting • Accounts Receivable : Raising of invoices & follow up for receivables, • Accounts Payable : Scrutiny of bills, approval, payment & follow up • Fixed Assets : Physical verification, tagging & purchase • Payroll, deductions & filing. Development of standard wage pay rate for employees • Insurance coverage for assets & rates negotiation with insurance companies • Cash management & flow forecasts. Developed cash handling procedures. • Budget development and periodical reviews • Bank reconciliations, dealing with banks & signatory to checks • Financial Statements review, variance analysis & presentation. • Filing of Company’s tax returns • Helping employees in filing personal tax returns • Government reporting • Preparation & filing of GST; PST; Payroll deductions; WSIB; Annual returns Achievements • Developed separate costing files for each house, condo, and food court • Maintained separate record of material used, labor utilized, and expenses incurred for each unit • Introduced after sale repairs & adjustment costs report to find true costs associated with a unit American Standard, Mississauga (manufacturers of bathroom fittings) Costing & Inventory Analyst – Jan 2005 to Jun 2005 (Contract); Reporting to Costing & Inventory Mgr Software: SAP (FICO Module) Costing & Inventory • Assisted costing manager in developing cost of products, inventory adjustments & reconciliations General & Financial Accounting • Analysis of freight, duty & brokerage accounts & accruals
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