Key Skills

Profile Summary

Accounts & Finance

Budgeting / Costing / Forecasting / FS & Ratio Analysis

Financial Statement Preparation

SAP-FI, Internal Audit

External Audit, Forensic & Taxation (VAT & Income Tax)

Working Capital Management

Accounts Payable & Receivable

General Ledger / Trial Balance

Treasury Management

Management Reporting

Team Building & Leadership

Dynamic career of nearly 9 years that reflects rich global experience & year-on-year success in Accounts & Finance.

Hands-on experience in finance & accounts activities encompassing preparation to verification, consolidation & finalization of accounts, fund arrangement, scrutiny of general ledger, intercompany reconciliation, petty cash management and settlement of payments in coordination with all stakeholders (internal & external).

More than 6 years’ experience in preparation of financial statements, Consolidation as per IFRS as external auditor and Finance & Accounts manager.

Successfully mapped VAT & sales requirements in Green valley (Retail chain) and KPMG’ clients, involving evaluation of risks & opportunities regarding respective tax issues, completeness of assignments & compliance of budgets and prevention of budget overruns and provision of advice on VAT to the organization

Skilled in projecting accurate cash forecast to ensure that there is no shortage in hand; proficient in taking adequate measure to monitor inflow / outflow of funds for accomplishment of company objectives.

Implemented ERP in Green Valley (Retail Chain) & developed internal controls which led to improvement in the financial performance of the company.

A strategic planner with skills in conducting financial analysis, developing Business & Financial Model, preparing MIS

& KPI achievement reports, SOPs / budgeting, implementing systems for operational effectiveness, profit analysis & working capital management.

Certifications

SAP-FI (E-Academy) in 2016

Certified Forensic & Investigative Auditor - Association of Forensic & Investigative Auditors, Canada in 2014

ACCA Finalist from Association of Chartered Certified Accountant, UK.

CAT from Association of Chartered Certified Accountant, UK in 2004

Career Timeline

Jan’08-Feb’10

Mar’10-Mar’13

Mar’14-Sep’17

Education

B.Sc. in Applied Accounting from Oxford Brookes University, UK in 2011

12th (General Sciences) from Government Model Degree College, Lahore, Pakistan in 2003.

Work Experience

Mar’14-Sep’17: Green Valley Premium Hyper Market, Pakistan as Assistant Manager – Finance / Accounts

Role:

Headed a team of 10 reportees.

Led the finance & accounts functions involving determining financial objectives, designing & implementing systems and framing policies & procedures to facilitate process control:

oHandling GL recon with AR, AP & month end closing and fortnightly payable & receivable ledgers recon.

Drafted financial reports to provide feedback to top management on financial performance viz. analysis of profit, cost, fund position, inventory, margin reporting and informed the operation on near expiry or slow moving items.

Conceptualized budgets on the basis of inputs from various stakeholders and conducted variance analysis on periodic basis to determine difference between projected & actual results.

Strict control over approved budget and highlight any area where any significant variance, prepared detailed variance reports including detail reasoning for directors, was also responsible for giving suggestion to finish or minimize this variance.

Implemented strict stock control measure and monitor stock takes on fortnightly,half yearly and on annual basis.

Ensured compliance with internal audit report.

All monthly reports presented to directors and CEO on timely basis every month with detailed variance of every Profit and loss head & balance sheet head.

Developed & assessed the balance sheet and profit & loss accounts at unit level; ensured the integrity of financial statements and perform variance analysis with past management reporting.

Responsible for ensuring that all asset were insured and same was renewed every year.

Assessed sales tax requirement, filed monthly sales tax return / VAT return and mapped as per sales tax requirements.

Part of the negating team for new contracts with vendors to gain favorable credit terms & better margins.

Supervised periodic fixed asset check.

Steered the effective implementation of company accounting software, mapping of monthly management accounts / annual financial statements and facilitation of consolidated financial statements to CFO.

Conducted review of financing term sheet & financing documents, negotiations on financing term sheet and financing documents with financial institutions & prepare cash follow projections as per bank requirements.

Prepared reports, posted complex journal entries and processed invoices, receipts & payments as required

Managed working capital & accounts payable to attain the completeness of recording liability by assuring that accurate claims were filed with vendors and paid on time and receivable was collected on time.

Take part in efficient negotiations for new contracts with vendors to gain favorable credit terms & better margins.

Verified the reports of petty cash, bank reconciliation and CC reconciliation prepared by the team & communicated with the banks for any difference.

Highlights:

Detected a bug in POS while performing system review, and corrected the same with the help of software developer which further prevented an occurrence of fraud.

Conceptualized, developed & implemented ERP system and automated all payable & receivables to minimize the chance of any fraud or error and record all manual data into new system.

Successfully formulated monthly & fortnightly budget for every department and Management Measurement System that led to substantial increase in sales.

Successfully negotiated a contact with Habib Bank Limited which reduced credit card charges, free cash collection & some free services to employees and resultantly savings to company. Negotiation also includes better rates for financing requirements and LC.

Independently prepared branch level and head office level financials and consolidation for external audit purpose. Provided all the information to auditor as per their requirements so audit report can be issued on timely basis.

Mar’10-Mar’13: KPMG Taseer Hadi & Co., Chartered Accountant, Lahore as Senior Associate

Role:

Performed statutory audits under local regulations & international standards applicable in Pakistan and ensured international reporting to multinational clients as per Group Audit Instructions.

Worked on practical application of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA).

Conducted:

oSystem study of business processes of entities and assessed all significant accounting streams.

oHorizontal, vertical, ratio & other variance analysis at the group / company level.

oPrior year appellate / assessment orders and calculation of any charge / reversal required.

Assured compliance with independence & ethics guidelines issued by KPMG.

Scrutinized the advances issued to corporate clients by banks.

Assessed the provisioning required on advances issued by banks under prudential regulations.

Prepared:

oCurrent tax position, computed expected tax liability and incorporated various companies.

oIncome Tax / Sales Tax refund under the provisions of tax laws.

oWorkings of brought forward losses.

Calculated the potential exposure of the target companies.

Finalized assessment & adjudication proceedings including filing of appeals & penalty attending hearings before Appellate Authorities as well as Income Tax / Sales Tax Returns & other statutory statements as per Income Tax Ordinance 2001 and Sales Tax Act 1990.

Highlights:

Obtained:

oSpecial year approval for various clients from taxation authorities.

oExemption Certificates for various clients from taxation authorities.

Assured corporate & other statutory compliance under Companies Ordinance 1984 and other corporate regulations regarding companies / branch office.

Assessed Wateen Telecom, highlighted their non-compliance to taxation and communicated the same to board.

Previous Experience

Jan’08-Feb’10: Todial Communication Systems, Lahore as Accountant

IT Skills

Microsoft Office (Excel, PowerPoint, Word, Visio & Outlook) and Financial Information Systems

Personal Details

Date of Birth: 17th November 1986

Visa Status: Visit Visa

Nationality: Pakistani

Address: Silicon Oasis, Silicon Start 1, Apartment 210

Languages Known: English, Urdu and Punjabi

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