Summary
Overview
Work History
Education
Skills
Websites
Accomplishments
Timeline
Generic

FARID KHAN

Manurewa,New Zealand

Summary

  • Results-driven Management Accountant with over 20 years of experience in manufacturing accounting. Expertise in financial planning, analysis, and reporting, coupled with strong skills in budgeting, forecasting, and cost management. Proven track record of enhancing operational efficiency through streamlined accounting processes and fostering collaborative relationships within commercial teams. Committed to driving organizational growth by leveraging analytical skills to improve financial performance and upskill non-financial stakeholders in financial metrics.

Overview

20
20
years of professional experience

Work History

Senior Accountant Manufacturing

Fonterra Co-operative Group Limited
01.2022 - 12.2024
  • Ensured accurate entry of New Zealand and Netherlands production tonnes into BPC and SAP.
  • Perform and provide to Commercial Managers in-depth cost variance analysis, understanding trends, and insights around opportunities and risks.
  • Assist with providing relevant information for other ad hoc queries on costing aspects.
  • Provide accurate and timely monthly management reporting for NZ manufacturing sites.
  • Month-end activities and reporting, including variance analysis through VPA reports.
  • Monthly forecasting and annual budgeting processes.
  • Ensured accurate entry of New Zealand and Netherlands production tonnes into BPC and SAP.
  • LNI Region [Whareroa, Longburn, and Pahiatua] and UNI Region [Kauri and Maungaturoto] (Senior Accountant): Elevated and maintained immense customer service delivery to the site commercial leadership team with our standard weekly and monthly tasks to achieve our site KPI targets and goals, collaborating with key stakeholders on monthly durables, and serving as the key finance business partner to the regional commercial managers and site manufacturing team.
  • I developed a good capacity in the LNI and UNI month-end related tasks, gatekeeping full factory conversion costs plus materials-related costs, and conducting Gr55 financial reviews, VPAs (variance price analysis) on major spends such as ingredients, packaging, cleaning, grading, and energy, while providing insights and meaningful commentaries on the variances and performance movements, as well as completing other tasks like GRIR, parked invoice issues, PPV MAP, and the addition of new materials.
  • This enables me to start preparing ahead of time for month-end close-offs and working through my Awhina cases.
  • I have fully comprehended the need to make the most of the quality check-in process using the exception reports and $MT files to ensure that finished good materials have been updated fully and correctly in BPC to ensure that accurate revised and forecast costs flow through into monthly reporting (examples being input material costs in the form of packaging, ingredients, and cleaning costs, losses, compositions, and grading costs, revised and forecast drivers, and 1-liner forecast changes).
  • Reviewed and analyzed financial statements to identify potential discrepancies.
  • Maintained detailed records of account transactions, including invoices, payments, and journal entries.
  • Assisted in developing budgeting processes and forecasting future revenue and expenses.
  • Prepared monthly financial reports for management review.

Senior Manufacturing Business Partner

Fonterra Co-operative Group Limited
07.2021 - 01.2022
  • Provided financial support for Heerenveen and Anchor Ethanol.
  • Preparing and presenting Monthly KPI Reports for Ethanol's management meetings, with the insights and commentaries on the major variance movements to standard and forecast.

Operations Accountant North Island Baking Hub

GOODMAN FIELDER NZ LTD
Auckland, NZ
07.2013 - 02.2020
  • Cost Management: Monitor centralized BOMs and product costs for all North Island sites while overseeing Capex (CX5) capitalization, reconciliation, and monitoring to submit all deliverables on time.
  • Led the end-to-end management of CAPEX submissions.
  • Systematized budget forecasting to effectively convey results based on variance analysis and commentaries.
  • Accomplished monthly submission for month-end closed-offs, including fixed asset and balance sheet reconciliations, EBIT and YoY review, cash flow forecasting, and product profitability analysis.
  • Provide manufacturing sites with variance spend analysis on major spending for both fixed and variable costs, I&P, labor spending, and R&M spending.
  • Accounting Service Delivery: Spearheaded the financial and operational reporting for five manufacturing sites, including Quality Bakers Auckland, Hot Plate Products, Quality Bakers Garlic and Muffin Plant, Huntly Gluten Free Plant, Goodman Fielder Crumb Plant, Quality Bakers Wellington, and Quality Bakers Hawkes Bay.
  • Cost Saving Strategies: Played an integral role in implementing manufacturing improvements, achieving $2.5M of cost savings over the last 5 years by identifying opportunities, developing strategies, and implementing changes with full diagnostic studies on spending for partner bakeries.
  • Continuous Process Improvement: Consolidated approximately $17 million for factory relocation and restructuring processes as the site finance lead.
  • Boosted accuracy and reduced system errors by establishing a viable product reconciliation process.
  • Enhanced cost performance visibility through effective cost management, and timely operational reporting.
  • Monitor production variances and stocktakes write-offs to track significant activities, improving operational processes.
  • Business Relations & Governance: Established strong business partnerships with national operations and supply chain teams, sales and marketing teams, and procurement and R&D to drive profitability through strategic product costing.

Assistant Regional Accountant

GOODMAN FIELDER NZ LTD
Auckland, NZ
03.2007 - 07.2013
  • Account Management: Delivered top-level accounting services across six manufacturing sites and eleven supply chain depots while overseeing the weekly driver commission payments and GL for eighty contractors.
  • Exhibited cross-functional efficiency in performing bank reconciliation, reporting/forecasting, journal and accruals preparation, and BOM analysis for several manufacturing sites.
  • Cost Optimization: Oversaw cost performance to formulate an effective management system that augmented the cost visibility for various manufacturing sites.
  • Conducted an in-depth operational analysis to provide pragmatic recommendations, which helped in generating cost savings.
  • Teamwork and Leadership: Collaborated with the site management team, regional management team, and Goodman Fielder NZ national finance team to maintain highly accurate financial data on all fiscal progression.

Senior Accounts Assistant

RADIUS CARE – HOSPITALS
Auckland, NZ
01.2005 - 03.2007
  • Accounting Support: Administered accounts payable for 11 rest homes and over 2,500 corporate accounts of vendors nationwide to accurately control expenses and verify fiscal reports.
  • Completed diverse transactional accounting functions, including vendor reconciliation, supplier payment management, aged trial balance maintenance, expense handling, and P&L queries, to ensure seamless accounting processes.

Education

New Zealand Diploma -

Open Polytechnic of New Zealand
11.2024

Advance Certificate - Business Level 3

Best Training Auckland
01.2000

Diploma in Travel & Tourism - IATA/UFTTA

Auckland Crown Institute of Technology
01.1999

Skills

  • Collaboration skills
  • Mindfulness
  • Problem-solving skills
  • Analytical skills
  • Continuous improvement
  • Organizational skills
  • Independent
  • Management Information Systems
  • ERP systems
  • SAP BPC
  • Risk assessment
  • Risk mitigation
  • Flexibility
  • Relationship Management
  • Communication skills
  • Negotiation skills
  • Team building
  • People skills
  • Journal entry posting
  • General ledger updates
  • Month-end closing management
  • Financial statement review
  • GAAP compliance
  • Cost accounting
  • Journal entry review
  • General ledger accounting
  • Accounts receivable management
  • Month-end closing
  • Tracking optimization
  • Year-end closing

Accomplishments

  • Consolidated all site operational transactional accounting units within the company’s shared services, reducing costs for site accountants and accounts payable teams.
  • Achieved absolute production waste reduction and other management improvement projects, generating cost savings across YOY.
  • Consolidated factory relocation and restructuring processes as the Site Finance Lead.
  • Led manual labour cost-saving initiatives by restructuring the operational workforce from 4 shifts to 2 shifts.
  • Analyzed management spending and variances to effectively reduce manual handling and labour costs.

Timeline

Senior Accountant Manufacturing

Fonterra Co-operative Group Limited
01.2022 - 12.2024

Senior Manufacturing Business Partner

Fonterra Co-operative Group Limited
07.2021 - 01.2022

Operations Accountant North Island Baking Hub

GOODMAN FIELDER NZ LTD
07.2013 - 02.2020

Assistant Regional Accountant

GOODMAN FIELDER NZ LTD
03.2007 - 07.2013

Senior Accounts Assistant

RADIUS CARE – HOSPITALS
01.2005 - 03.2007

New Zealand Diploma -

Open Polytechnic of New Zealand

Advance Certificate - Business Level 3

Best Training Auckland

Diploma in Travel & Tourism - IATA/UFTTA

Auckland Crown Institute of Technology

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