Faizul Hassan

Budget Preparation and Management:Collaborating with departments to prepare annual budgets.
Reviewing budget proposals and ensuring they align with organizational goals.
Monitoring actual financial performance against the budget.
Analyzing variances between budgeted and actual results, providing explanations and recommendations.

• Financial Reporting:Preparing monthly, quarterly, and annual financial reports.
  Ensuring reports comply with accounting standards and regulations.
  Providing financial analysis and insights for management decision-making.
  Preparing and presenting financial performance updates to management.
  
• Forecasting and Financial Planning:Assisting in long-term financial planning and forecasting.
  Developing financial models to project future financial performance.
  Updating forecasts based on actual results and changing conditions.
  
• Cost Control and Analysis:Monitoring and analyzing costs across departments or projects.
  Identifying opportunities for cost reduction and efficiency improvements.
  Advising management on cost-related decisions.
  
• Compliance and Internal Controls: Ensuring adherence to financial policies and internal controls.
  Participating in audits and ensuring compliance with legal and regulatory requirements.
  Managing risks related to budgeting and financial reporting.
  
• Collaboration with Other Departments: Working closely with project managers, department heads, and other stakeholders to gather financial information.
  Providing training or support to non-financial managers on budgeting and reporting processes.
  
• Data Analysis and Interpretation: Analyzing financial data to identify trends, opportunities, and risks.
  Interpreting complex financial information for non-financial stakeholders.
  
• Systems and Process Improvement: Using financial software and tools to streamline budgeting and reporting processes.
  Identifying areas for process improvements and implementing changes to enhance financial reporting efficiency.
• 1. Checking PR/PO for Budget Against GL (General Ledger)
  Locate the GL in PR/PO:
  Ensure that each Purchase Requisition (PR) and Purchase Order (PO) is assigned to the correct General Ledger account.
• Verify Budget Allocation:
  Confirm that the budget assigned to each GL account is sufficient to cover the amount in the PR/PO.
• Compliance Check:
  Ensure that the PR/PO complies with budgetary limits and the organization's financial policies.
• Assess the Need for Transfers:
  If a budget line is insufficient for the PR/PO, identify areas where funds can be reallocated.
• Create Transfer Requests:
  Submit formal budget transfer requests as needed to cover the planned expenses.
• Update Budget Documentation:
  After transfers are approved, update budget tracking systems to reflect the new allocations.
• Create PR/PO:
  Follow procurement guidelines to create PRs/POs based on vendor quotations, contracts, and agreements.
• Analytical Review:
  Analyze the PR/PO to ensure that they align with the forecasted expenses, project goals, and budgetary restrictions.
• Identify Cost Saving Opportunities:
  During the review, identify potential areas for cost savings or adjustments in scope to better utilize the budget.
• Invoice Verification:
  Match each invoice with the respective PR/PO and check the consistency of amounts, delivery dates, and goods/services received.
• Budget Compliance Check:
  Ensure that the invoiced amounts do not exceed the available budget for the respective GL account.
• Approval Process:
  After verification, route the invoice for approval based on your organization’s payment and approval processes.
• Pre-payment Authorization:
  Ensure that any pre-payments are authorized and within the budget limits of the respective GL account.
• Track Pre-payments:
  Maintain a record of all pre-payments and link them to the respective PR/PO to avoid duplication or overpayment.
• Adjust Budget for Pre-payments:
  Deduct pre-paid amounts from the available budget to maintain accurate budget tracking for future expenses.

This workflow ensures that all PRs/POs, budget transfers, invoices, and pre-payments are properly managed within the allocated budget.

• Streamlined payroll processes for increased efficiency.
• Ensured timely completion of monthly payrolls to maintain employee satisfaction.
• Managed extensive payroll data, providing accurate financial reports.
• Conducted thorough audits of payroll records for compliance with regulations.
• Enhanced company's financial accuracy by updating and maintaining payroll records.
• Reduced manual input errors with implementation of automated payroll system.
• Assisted in budget preparation, aiding in financial forecasting.
• Worked closely with Human Resources to coordinate new hires' pay set up, ensuring smooth on-boarding process.
• Communicated effectively with employees regarding their wage queries, promoting transparency and openness.
• Reviewed timesheets for accuracy, enhancing the integrity of payroll data.
• Prepared year-end reports, assisting in corporate tax filing responsibilities.
• Managed maternity, paternity and sick pay schemes increasing overall operational efficiency.
• Implemented internal controls to reduce occurrances of errors and payroll overages.
• Updated employee salary and benefits information, managing sensitive data in alignment with privacy and confidentiality requirements.
• Verified documented hours and reconciled time-clock records to confirm proper payment amounts.
• Organised and carried out month-end, quarterly and year-end processes.
• Managed financial updates, watch lists and insurance files.