Accounts Payable Financial Operations

JUNAID IQBAL

Mob: +92-313-******* Email: ********@****.***

Objective

A finance professional with nearly 19 years of experience in accounting, financial management, and auditing, specializing in IFRS and GAAP standards. Demonstrated ability to streamline financial processes, enhance reporting accuracy, and ensure regulatory compliance. Seeking a challenging role to leverage expertise in driving financial excellence and organizational success. Professional Experience

Finance Manager

IIMCT – Pakistan Railway General Hospital, Rawalpindi – Jan 2013 – May 2017

• Financial Operations: Directed the full spectrum of financial operations, including accounts payable/receivable, general ledger management, and monthly closings for a 350-bed teaching hospital.

• Budget Development & Monitoring: Prepared and monitored annual budgets, aligning resource allocation with clinical and administrative needs. Ensured fiscal discipline and cost control through variance analysis and periodic management reporting.

• Hospital Revenue Management: Managed billing for inpatient, outpatient, and emergency services. Implemented process improvements to reduce billing errors and enhance revenue realization.

• Audit & Compliance: Coordinated with internal and external auditors, achieving unqualified audit reports. Ensured compliance with regulatory requirements and strengthened internal controls.

• Payroll Administration: Oversaw payroll for medical, paramedical, and administrative staff, ensuring timely disbursement and compliance with statutory deductions.

• Cross-Functional Collaboration: Worked closely with medical superintendents, heads of departments, and trustees to align financial planning with hospital objectives and expansion projects. Manager Finance

Al Khidmat Raazi Hospital – June 2017 – June 2025

• Revenue Cycle Management (RCM): Led the complete revenue cycle process from patient registration to final payment collection. Standardized charge capture, improved claims submission accuracy, and reduced claim denials by 25%. Streamlined follow-up processes with insurance companies, introduced KPIs for monitoring Days in Accounts Receivable (AR), and implemented automated reminders for pending payments — resulting in improved cash flow and a 20% reduction in outstanding receivables.

• Hospital Information Management System (HIMS) Implementation: Spearheaded the end-to- end development and successful implementation of a customized Hospital Information Management System under my supervision. Collaborated with IT vendors, clinical, and administrative teams to map hospital workflows, define requirements, and ensure seamless integration across departments (Finance, Billing, Pharmacy, Laboratory, Radiology, and OPD/IPD). Conducted user acceptance testing (UAT), trained staff across all levels, and created SOPs for smooth adoption. Resulted in 40% faster billing cycle, real-time data availability for decision- making, and improved overall hospital efficiency.

• Panel Billing & Receivables Management: Managed all financial aspects of corporate and insurance panels, including generation of patient-wise billing, submission to insurance/tie-up companies, and rigorous follow-up for recoveries. Reconciled receivable ledgers and resolved disputes with third-party payers to reduce outstanding balances.

• Budgeting & Financial Planning: Designed and implemented budget models across multiple departments, ensuring alignment with organizational goals. Presented annual and quarterly budgets to senior management, providing in-depth financial analysis and recommendations.

• Financial Reporting & Analysis: Prepared comprehensive financial reports, including profit & loss statements, cash flow reports, and balance sheets. Monitored variances between actual and budgeted results, providing actionable insights for corrective measures.

• Cash Flow & Investment Management: Forecasted cash flow positions, assessing borrowing needs and managing available funds for operational and capital investments. Negotiated banking relationships and secured favorable terms for credit facilities.

• Payroll Management: Supervised payroll processing for over 500 employees, ensuring accurate calculation of salaries, bonuses, and allowances. Ensured compliance with tax regulations and other statutory requirements.

Accounting Supervisor

Chemi-Link, Dubai – May 2016 – Oct 2016 (Contract)

• Accounts Payable & Receivable: Managed full-cycle accounts payable and receivable, ensuring timely processing of vendor invoices and customer payments. Verified and approved purchase orders, invoices, and receipts for payment processing.

• Banking & LC Operations: Coordinated banking activities, including the opening and management of local and foreign Letters of Credit (LCs). Communicated with banks for LC amendments, ensuring compliance with international trade regulations.

• Financial Closing & Reporting: Prepared monthly closing entries, including depreciation, prepaid expenses, and accruals. Generated month-end financial reports and reconciled discrepancies between the general ledger and sub-ledgers.

• Auditing & Internal Controls: Assisted in external audits by providing auditors with necessary financial documentation and explanations. Enhanced internal control processes to mitigate risks and improve accuracy in financial reporting.

Accountant

Merck Sharp & Dohme, Dubai – Nov 2014 – Nov 2015 (Contract)

• Profit & Loss Management: Conducted detailed analysis of monthly profit and loss statements, identifying trends and variances. Reported findings to management, offering recommendations to improve profitability.

• Accounts Reconciliation: Performed reconciliation of vendor and customer accounts, ensuring accuracy and resolving discrepancies. Monitored overdue payments and worked with clients to resolve payment issues.

• Expense Claims & Compliance: Processed employee expense claims, ensuring adherence to Merck's global travel and reimbursement policies. Reviewed travel requests to ensure compliance with company guidelines.

• Audit Coordination: Collaborated with external auditors to ensure the timely completion of annual audits. Addressed auditor queries, provided requested documentation, and implemented recommended changes to internal processes.

• Training & Development: Trained new accountants on internal procedures, ERP systems, and financial reporting requirements, ensuring a smooth onboarding process and compliance with company standards.

Accounts & Administration Manager

Horizon Communication – Apr 2008 – Aug 2014

• Payroll & Compensation Management: Managed payroll processing for all employees, including the calculation of wages, bonuses, and commissions. Ensured accuracy in employee benefit allocations and compliance with labor laws.

• Financial Reporting & Budgeting: Prepared financial statements, including monthly income and expenditure reports. Developed annual budgets and monitored financial performance against forecasts, providing variance analysis to management.

• Cash Handling & Bank Reconciliation: Managed daily cash handling and reconciled bank accounts on a monthly basis to ensure the accuracy of financial records.

• Stock Management: Oversaw inventory management, maintaining accurate records of stock movements and preparing stock reports for management.

• Internal Audits & Compliance: Conducted internal audits on a monthly basis, identifying areas for improvement and ensuring compliance with accounting policies and procedures. Reported audit findings to senior management with actionable recommendations. Assistant Accounts Officer

Elektro Control Industries – Oct 2003 – Jul 2006

• Ledger & Cashbook Maintenance: Managed the daily posting of transactions into ledgers, cashbooks, and other accounting records. Ensured the accurate recording of all financial transactions and prepared monthly trial balances.

• Financial Reporting: Prepared monthly income and expenditure reports, highlighting any discrepancies and presenting findings to the finance manager.

• Banking Operations: Handled all banking activities, including deposits, withdrawals, and account reconciliations. Managed relationships with bank representatives to ensure smooth financial operations.

• Administrative Support: Assisted with administrative tasks such as building and vehicle maintenance, procurement of office supplies, and employee payroll processing. Education

• EMBA (Finance & Accounting) – Preston University, Islamabad – 2010

• Bachelor of Commerce (Specialization in Accounting) – Punjab University, Lahore – 2003

• D.Com – Punjab Board of Technical Education – 2000

• Matriculation (Science Group) – Rawalpindi Board – 1998 Key Skills

• ERP Systems: Microsoft Navision, QuickBooks, Peachtree, Oracle

• Financial Reporting: Budgeting, forecasting, financial analysis, and reporting

• Payroll Management: Full-cycle payroll processing, tax compliance, benefits administration

• Audit & Compliance: Internal audits, external audit coordination, risk management

• Team Leadership: Staff training and development, cross-functional collaboration Certifications

• Certificate in Computer Applications – National College of Business & Management Sciences, Islamabad

References

Available upon request.

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