Saghir Ahmed : adj2pe@r.postjobfree.com

Assistant Manager Finance : +92-333-*******

: Rawalpindi, Pakistan

Career Summary

A result oriented young Finance Professional with MBA finance degree & pursuing CPA having 13 years international and local exposure, extensively worked on Finance Functions in Telecom and Health Care industry. During my career, I proved myself highly organized individual and passionate to achieve target well before time which enabled me to obtain appreciation and rewards from management.

SKILLS

WORK EXPERIENCE

AM Finance Operations

Al Shifa Eye Hospital Pakistan

Mar 2017 – Present Rawalpindi Pakistan

Responsibilities

Handled operational accounting with a focus on General Ledger, Payable, Receivable, Inventory, CWIP and Fixed Assets accounting as per IAS/IFRS.

Identified team strategic objectives that ties with Al Shifa corporate objectives & balance score card.

Planed, discussed and communicated yearly KPIs and objectives for the fixed assets, Inventory, Payable and receivables team.

Monitored on monthly basis different activities of the teams, measure the KPIs and objectives achievement.

Organized the Fixed Asset team activities and ensured accuracy in accounting and reporting as per company capitalization policy.

Supervised Payable activities including timely posting BPVs/JVs/CPs, processing local and foreign invoices, utilities bills, recording accruals, Bank and cash management performed by Finance executives and ensured accuracy in posting and reporting.

Monitored closely receivable invoices, collections (Cash receipt & student fees) from panels and ensured accuracy in posting and reporting.

Liaison with external and internal auditors for planning and timely completion of audit assignment. Key Achievements

Successfully tested, developed and implemented finance modules.

Acted as key member in implementing chart of accounts for reporting at different levels.

Drafted and circulated Accounts and Finance Policy and procedures for smooth business processes. CWIP Management Fixed Assets Management Inventory Management Budget Variance Analysis

Project Costing Account Payables Account Receivables Bank Reconciliation Cash Flow Budget Control Import Duties & Taxes Budget Control Team Building MS Office SAP & Oracle End User Expert

Auditing Report Consolidations

Reporting as per IFRS & IAS

GL Reconciliation

ERP Implementation Experience

WORK EXPERIENCE

Senior Accountant Fixed Asset & Inventory

du Telecom EITC

May 2015 – Feb 2017 Dubai UAE

Responsibilities

Developed and strengthened the processes to mitigate internal and external risks.

Analyzed and Implemented automation to make overall process more efficient and accurate.

Managed Fixed Asset Register on Oracle system after evaluating all related chart of accounts and categories of fixed assets.

Coordinated with AP department to address the department concern and compiled SLA for proper booking of CAPEX.

Reviewed and follow up with technology team for CIP Projects and capitalizing them based on criteria defined in International accounting standard.

Ensured cost/expenditures from different modules transferred to oracle projects before capitalization.

Planned and executed yearly verification mandated by the BOD and carried out necessary action (Impairment / Disposals) before year end closing.

Spearheaded fixed asset strategic objectives related to mobile and fixed network for location formulation and new processes that will support for proper monitoring and controlling of projects.

Produced MIS reports duly reconciled with GL & Subsidiary ledger to be shared with Internal/external auditors and management.

Ensured timely submission of newly du assets report to broker for insurance coverage.

Coordinated with business units to finalize the insured asset and excluded asset not required insurance coverage based on their risk level.

Negotiated with brokers and recommending the management to include terms & condition for making the du asset more protected against insurance by paying reduced premium rate.

Supervised inventory items by ensuring accurate project location and followed up with technology for any discrepancies.

Resolved audit points related to the fixed network and ensuring these points not raise in future business. Key Achievements

Successfully reduced the backlog of development and infrastructure projects by in-depth analysis, redefined capitalization parameters and rigorous follow-ups with stakeholders from USD 78 Million to USD 30 Million.

Implemented new guidelines for provision of Asset completion report from technology resulting reduction CWIP cost.

Reviewed, analyzed and fixed unsettled items between GL and subsidiary ledger of 10 fiscal years.

Saved USD 2 Million by excluding assets having minimum risk level from insurance list. AM Projects & Fixed Assets

PTCL

July 2008 – April 2015 Islamabad Pakistan

Responsibilities

Participated actively in ERP (SAP) development & implementation for Fixed Asset and CWIP reports in PTCL H/Qrs.

Consolidated and capitalized of USD 313 Million yearly averages Capital Expenditure incurred at different regions of PTCL and their reporting to top management for decision making.

Maintained Project budgeted cost comparison with actual expenditure incurred and variance reported to Top Management for corrective measures and controlling purpose.

Projected Various Project analyses like cost analysis, ARPU analysis, age analysis, %age completion analysis & reported to management that resulted in reduction Project completion time.

Managed several self-constructed and leased projects in PTCL headquarters from Financial & Accounting point of view.

Monitored 200-300 projects and indicating observation to Budget, planning and technical for compliance with company capitalization policy.

Supported and coordinated with Technical department for expediting the projects to be capitalized after financial and physical completion.

Analyzed ACR (Asset Completion Reports) received from different BU for ensuring accurate capitalization in FAR.

Coordinated with Account Payable department upon claiming payment on issuance of PAC for accurate and timely capitalization of turnkey projects.

Expedited timely addition of completed assets in Fixed Asset Register by incorporating Financial and non-financial data on monthly basis of USD 0.4 Million.

Spearheaded disclosure of Fixed Asset & CWIP Schedules of USD 5 Billion and reporting to top management for decision making as per IFRS/IAS.

Accelerated monthly Project Wise, Asset Class wise and region wise Capitalization reports for management decision making.

Evaluated Obsolete/disposable Assets and assisting regions for Auction process.

Monitored cash receipt transaction against disposal of assets for proper tax and receivable booking.

Reconciled retirement, receivables and profit & loss against auctioned assets.

Reconciled physical Assets with FAR, incorporation of variances in FAR, ensuring affixation of tags with coordination of BU and reporting to Management for control purpose.

Calculated impaired assets, impairment loss booking and report to management for analysis.

Updated Asset transfers in FAR based on cost centers and asset classes.

Initiated Class and Year Wise Variance analysis of fixed asset additions and depreciation for post capital analysis of investments.

Forecasted asset class wise depreciation for financial forecasting and budgeting.

Coordinated with the internal and external auditors for the audit of fixed assets accounts and subsequent compliance of audit observations.

Key Achievements

Awarded appreciation letter from CFO for successful implementation of ERP (SAP) for Capital works. Awarded Honorary Bonus in recognition of successful verification and tagging of network assets.

Successful migration of legacy FAR of USD 3.5 Billion to SAP duly reconciled with Financial Statements & Quarterly Accounts.

Uploaded 150,000 assets incorporated with SAP GLs and Asset Classes and reconciled with Financial Statements.

Attained capitalization of USD 313 Million against the target of USD 238 Million in FY 2014 based on planned follow-ups and early alerts to Project Director for capitalization of completed project.

Completed auction process for obsolete Assets with USD 4.5 Million profit for Fiscal year 2008-09 & 2009-10 resulted during physical verification of assets.

Reconciled, updated and tagged the assets resulted from Reconciliation of FAR with physical assets in all regions of PTCL first time of USD 4.5 Million.

Identified additional 750 vehicles, 2300 Diesel Generators based on reconciliation activity of USD 4 Billion.

Played vital role in FAR reconciliation with team efforts saved USD 1.5 Million by disapproving the project to be out sourced.

Settled critical issues proactively helped to zero audit queries throughout career. Executive Payment & Budget

PTCL

May 2007 – June 2008 Islamabad Pakistan

Responsibilities

Played vital role in FAR reconciliation with team efforts saved USD 1.5 Million by disapproving the project to be out sourced.

Streamlined Prior Assessment of custom duty payment based on schedule time and transferring the funds to maintain minimum bank balance threshold.

Led timely processing of custom duty payment average USD 90 Million per Year upon receiving the request in coordination with M&L, Bank and Clearing agent.

Inspected original bills received from clearing agents on behalf of vendors and processing the adjusted payments.

Allocated the adjusted cost on project resulted from differential of Applied and Actual Import levies.

Analyzed & Reported Monthly Project /Purchase Order/GL wise Custom Duties Payments

Managed periodical reports of demurrages paid at imports to management for decision making.

Monitored, controlled & approved cash Budget utilization for Regional Procurement related to capital expenditure average USD 45 Million yearly

Ensured proper project structure and Purchase Order defined & in line with contractual obligations for accuracy in capitalization process.

Referred observation to Account Payable department of different BU for necessary amendment required in PO & project structure in coordination with Project Director.

Coordinated with Treasury department for transferring funds to bank accounts of business unit for timely payment to vendor.

Prepared and analyzed project variance report of Cash Budget released & utilized for Management decision making. Key Achievements

Contributed positively to manage cash for custom duties payment of upcoming consignments and avoid demurrages.

Eliminated pay orders charges and expedite payment process to custom authorities by negotiation with different banks.

Supported fixed asset department to capitalized backlog of regional capital projects with coordination of regions. Education

Master of Business Administration Finance

International Islamic University

2006 Islamabad Pakistan

Bachelor of Business Administration Honors

International Islamic University

2003 Islamabad Pakistan

Professional Certification

CPA Finalist

Institute of Certified Public Accountant Pakistan Islamabad Pakistan Languages

English Urdu

Arabic Punjabi

References

Available upon request

Contact this candidate