Solomon Austin

Finance and Accounting Professional with 8+ years of experience in manufacturing organizations, specializing in financial reporting, accounts payable/receivable, fixed assets, working capital management, reconciliations, and period-end closing. Skilled in cash flow forecasting, cost and profitability analysis, MIS reporting, inventory valuation, reconciliation and internal controls. Proficient in Oracle EBS R12 and Advanced Excel, with a strong focus on financial accuracy, process efficiency, and management decision support.

Senior Assistant Manager at US Dyeing & Finishing Mills (Pvt.) Ltd (2023-04 – Present)

• Prepare product-wise, customer-wise, order-wise, article-wise and process-wise contribution margin analysis to evaluate profitability and support strategic business decisions.
• Develop financial outlooks, forecasts and profitability projections, highlighting customer-wise and article-wise contribution margins for management review.
• Monitor manufacturing costs, including raw materials, direct labor, processing charges and production overheads, to support accurate product costing and profitability assessment.
• Reconcile work-in-process (WIP) and finished goods inventories with production records and inventory systems, ensuring accurate inventory valuation and monitoring fabric movement across processing stages.
• Monitor production orders, dispatches and processing activities to ensure accurate cost allocation and timely reporting of manufacturing costs.
• Perform cost variance analysis to identify discrepancies between estimated, standard and actual costs, investigate underlying causes and communicate findings to management.
• Prepare monthly management reports, financial analyses, dashboards and ad hoc presentations to support business planning, performance monitoring and management decision-making.
• Coordinate with production, merchandising, sales, stores and finance teams to obtain accurate operational data and ensure timely cost reporting.
• Assist in preparing annual budgets, periodic forecasts and revised financial outlooks based on production plans, sales forecasts and expected cost movements.

Assistant Manager Accounts at Al Karam Paper Mills (Pvt.) Ltd (2021-09 – 2023-03)

• Managed and reviewed the accounts receivable cycle, including customer invoicing, payment allocation, account reconciliations, and collection follow-ups.
• Analyzed accounts receivable ageing, collection forecasts, and Days Sales Outstanding (DSO) reports to monitor collection performance and support management decisions.
• Reviewed sales and purchase invoices for sales tax compliance, accuracy, and completeness of supporting documentation.
• Reconciled sales tax accounts with general ledger balances, sales and purchase records, and submitted tax returns.
• Verified input tax claims and reviewed the tax treatment of exempt, zero-rated, and taxable transactions in accordance with applicable tax regulations.
• Reviewed financial vouchers, invoices, payment approvals, and supporting schedules to ensure compliance with company policies and internal controls across procurement, expense claims, payments, collections, and asset management.

Assistant Manager Accounts at US & Dynamo Mills (Pvt.) Ltd (2020-04 – 2021-08)

• Verified and processed supplier invoices through two-way and three-way matching against purchase orders and goods receipt notes (GRNs).
• Reviewed invoice accuracy, payment terms, tax codes, account distributions and supporting documentation.
• Processed weekly and monthly local supplier payments in Oracle EBS R12 in accordance with approved payment schedules and authorization procedures.
• Monitored accounts payable ageing, overdue invoices, supplier advances and outstanding balances.
• Reconciled supplier statements with Accounts Payable records and investigated discrepancies.
• Performed month-end Accounts Payable subledger and General Ledger reconciliations.
• Supported month-end and year-end closing through expense accruals and unrecorded liability reviews.
• Prepared audit schedules, account reconciliations and supporting documentation for external audits.

Finance Officer at US Apparel & Textiles (Pvt.) Ltd (2017-05 – 2020-03)

• Processed daily cash receipts, cash payments, bank transactions and fund transfers, ensuring accurate and timely recording.
• Prepared daily and monthly bank reconciliations and investigated discrepancies in receipts, payments and bank transfers.
• Verified and processed vendor invoices against purchase orders, delivery documents and supporting records.
• Prepared head office shared cost for intercompany transactions and cost allocations, ensuring proper documentation and approvals.
• Processed parent company fund transfers to subsidiaries and reconciled intercompany balances with subsidiary finance teams.
• Managed rental income accounting, tenant ledger reconciliations, security deposits, advances and refunds.
• Prepared employee foreign travel expense reports, verifying airfare, accommodation, allowances, visa fees and local transportation expenses.
• Processed capital expenditure (Capex) fund releases against approved budgets, project approvals and supporting documentation.
• Reviewed invoice accuracy, payment terms, tax codes, account distributions and supporting documentation.
• Processed weekly and monthly local supplier payments in Oracle EBS R12 in accordance with approved payment schedules and authorization procedures.
• Monitored accounts payable ageing, overdue invoices, supplier advances and outstanding balances.
• Reconciled supplier statements with Accounts Payable records and investigated discrepancies.

Association of Chartered Certified Accountants (ACCA), Finalist – Skans School of Accountancy

Advanced Diploma in Accounting & Business – Skans School of Accountancy (2016-09)

Diploma in Accounting & Business – Skans School of Accountancy (2016-09)

Certified Accounting Technician – Skans School of Accountancy (2011-06)