Farhana Rahaman

• Built productive relationships with industry partners and competitors to support strategic business objectives
• Consulting services offered

- Accounting and Reporting
- CFO Outsourcing
- Registered Tax Practitioner
- Direct and Indirect Tax returns
- Payroll Taxes
- Treasury
- HR and payroll
- BMS/ ERP implementation
- Policies and Procedures assessment and implementation

• Manage Financial Reporting Function for region: Asia Pacific, CIS, Africa and Middle East
• Support Group Strategy by setting plans and executing

Key Achievements

• Facilitate move to GBS in Spain and China
• Resolved bad debt situation with JSW India and Magnesita Dubai by connecting people from various departments and countries and completing reconciliation
• Introduced high level of automation in Singapore, Vietnam and Taiwan
• Closed Singapore offices and managed full Finance and tax function from south Africa

• Accounting and Reporting local and group
• Statutory Reporting – Annual Financial Statements
• Tax Reporting – Provisional Tax, Annual Tax returns, VAT, Customs and Tax Queries
• IT System maintenance
• Company Secretary
• B-BBEE committee
• Employment Equity and Skills Development Chairperson
• Public Officer
• SAGE ERP implementation

Key Achievements:

• Implemented Sage X3 - converted from AS400
• Automated Financial reporting replacing manual system

• Reporting to Group Treasury Manager, with 3 direct reports comprising Group Treasury Administration, Cash Flow Forecasting and analysis and Issuance and management of Guarantees and Bonding.
• Manage Treasury function at Group level for 6 Operating Groups including 24 Companies
• Implement Internal Controls and ensure compliance
• Complete and review Treasury Policies based on Board approved Banking Certificate
• Centralization of South African Reserve Bank applications, support and advice to Operating Groups
• Reporting - Daily & Monthly Cash Flow Forecast, Borrowings and Loans, Interest, Transaction Costs, Guarantee Costs, Quarterly Treasury report to Chief Financial Officer and Annual and Semi-Annual Report
• Treasury Budget
• Manage Guarantee function for Group
• Manage Asset Based Financing
• Trade Supplier Finance – Promissory Notes
• Banking Covenants for borrowing facilities
• Convertible Bond – ZAR2billion issued in Jul 14
• Coupon payments
• Financial Institute Liaison
• Key Achievements:
• Resolved payment disputes with Eskom for 3 power stations being built
• Repatriated ZAR90m from Mozambique during December to assist with local cash flow requirements under difficult circumstances and timelines
• Identified account inconsistencies in recording Interest income and interest expense due to the use of a bank cash management system. Net interest is correct but the classification of Income and expense is substantially overstated
• Introduced Treasury mailbox that can be accessed by all Treasury staff so that absence from office or staff turnover does not affect continuity of service to the business or to third parties

• Reported to Chief Financial Officer, with 2 direct reports comprising Group Treasury Administration, Treasury and Risk Administrator
• Manage Company Treasury Function
• Working Capital Management
• Liaise with Suppliers to negotiate payment terms and settlement
• Steering Committee for major Capex projects
• Compile and implement Treasury and Insurance related internal company policies
• Chair Disciplinary Hearings for company
• Manage SHEQ reporting for Finance
• Staff Management - Team of 4
• Review Foreign Exchange requirements and advise on trading
• Negotiate Borrowing facilities
• Risk Management
• Manage Treasury Function for Hochvanadium, subsidiary in Austria
• Financial Institute Liaison
• Finance Champion for Evraz Lean Way – Continuous Improvement
• 2014 Wage negotiation committee member

Key Achievements:

• Insurance Cost Savings - Implemented risk recommendation received from Insurance Company FM Global. Saved the company USD2,5m by reducing the risk profile and reducing the Buy Back cost. Also reduced premium by mitigating the risk from USD25m to USD5m. The risk recommendations were 80 pages long and the approach I used was to get the Plant Managers in a weekly meeting to understand the list and create a plan on how to mitigate the risks identified. We initially approached the 10 most high risk items and also the simple recommendations. We received accolades from the Insurer saying that had not seen in 10 years what we did in 3 months. I managed the process, prepared risk summaries and allocated responsibility. I conducted plant inspections and provided feedback to the Insurer as well as to the business. I have attached an accolade received from the CEO Mike Garcia.
• Evraz New Leaders – Executive development program - Participated in Evraz New Leaders program hosted in Moscow Russia

Program Summary

Six high potential employees were selected from Evraz Highveld Steel and Vanadium to participate in this Executive Development program. The selection process entailed the submission of two written essays, a series of interviews and presentations.

The program consisted of lectures by Skolkovo staff and faculty as well as business leaders (Boeing, Du Pont, BP etc) and experts in the steel, commodities and business field.

Participants were required to work on a project within a group consisting of 7 to 8 international employees. The project topics were based on achieving EVRAZ strategies. I was part of the Global Engineering Expertise: Retention and Development (GEE) team.

• Project progress was presented to Global Vice Presidents in A3 format at the end of each module.
• Successful implementation of project deliverables at EVRAZ sites was expected by Module 6 and non-performing teams have been eliminated during the program.
• I am very proud to mention that our Project Global Engineering Expertise: Retention and Development (GEE) was the only project selected for full implementation globally throughout Evraz.
• Finance Champion for Evraz Lean Way – Continuous Improvement Participated in several process engineering projects throughout the business which yielded cost and time savings.

- Treasury and Finance process Improvements

- Procurement – Tender process and control

- Steel Plant – Steel making improvements

- Logistics – Customer Credit limit, dispatch and production planning

The CFO had to prevent me from being involved as I as invited to participate in almost every Value Stream Analysis throughout the company.

I was offered a promotion as the Lean Manager position in 2013. I turned the position down as I felt my services at the time were urgently required for Cash Flow Management.

• Reported to the Chief Financial Officer, with 1 direct reports comprising Group Treasury Administration
• Full Treasury Function including Cashflow management and transactional banking

In addition to my treasury responsibilities and due to restructuring as a result of the recent economic crisis, I took on additional responsibilities as the Financial Manager for the Marketing and Logistics division

• Reported to the Financial Manager
• Manage and control Inventory
• Revalue Foreign Debtors, Creditors and Bank at month end
• Process Vat and Tax entries
• Complete accounting for JV’s and balance stock and expenses
• Review Account Reconciliations
• Process financial transaction in Marketing and Sales business and complete month end

Key Achievements:

• Resolved stock variance between SAP and physical stock at port and sites
• By effectively communicating to the relevant people at the sites I realized that it was simply the moisture content that created the difference
• This allowed the company to value stock correctly.

• Chrome mining and processing into Ores and Alloys, Reported to the Financial Manager, with no direct reports
• Full treasury Function
• Manage Asset Financing

Key Achievements:

• Improved the Cash Flow forecasting model by automating the spreadsheets
• Introduced new Banking relationships and improved interest income
• Participated in the sale of the company to new owners and sold R2billion worth of foreign exchange without effecting the market over 2 days

• Manage complete Treasury function for Nissan, including front and back office
• Manage 4 Team members

Key Achievements:

• Resolved R500m overpayment from Wesbank
• It took me over a year to convince Wesbank of the error
• They were so impressed that they offered me a job when I resigned my position
• Nissan had their reputation intact and continue to have a good working relationship with Wesbank.

• Manage relationship with Nissan Dealers in terms of financing and floor plan management
• Prepare management Risk Review Packs
• Manage LOC's for Dealers
• TransUnion ITC checks and management
• Month end sales and release of vehicles to Dealers

• Prepare monthly management accounts
• Prepare and manage other manual schedules
• Maintenance and continuous improvement of Hyperion Reports
• Preparation of the minutes (notes) to the Management Accounts Review
• Submission of certain Subsidiaries’ results on Magnitude to Japan
• Achieve and maintain 5 day close
• Maintenance of General Ledger (SAP, Legacy & LIS)
• Interface LIS
• SAP Super user for General Ledger
• Assist in completion of Income Tax Return by preparing certain supporting schedules
• Ensure accurate completion of RSC levy returns according to the RSC levy act
• Reconcile accounts
• Accurate completion of monthly, quarterly and annual statistics for Department of Statistics
• General tasks, e.g
• Completion of cheque requisitions, processing once-off journal entries, etc
• Adhoc projects as requested by management
• Prepare Training Manuals for SAP FI General Ledger
• Deliver SAP Overview & Navigation Training
• Deliver SAP FI General Ledger Training

Key Achievements:

• Submitted 15 Kaizens for process improvements in my first year of employment
• Participated in 2 SAP implementations
• SAP trainer, documented own training manuals

• Complete Audit file
• Process General Ledger (From Source Documents)
• Bank Reconciliation
• VAT Reconciliation
• Answer Tax queries for Nu Shop and City Express
• Complete Tax Returns

• Complete Audit file
• Process General Ledger (From Source Documents)
• Bank Reconciliation
• VAT Reconciliation
• Answer Tax queries for Nu Shop and City Express
• Complete Tax Returns