asad mufti, Assistant Manager Budgeting and planing

asad mufti

Assistant Manager Budgeting and planing

Mobilink (Orascom)

Location
Pakistan - Islamabad
Education
Diploma, Finance Audit
Experience
22 years, 0 months

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Work Experience

Total years of experience :22 years, 0 months

Assistant Manager Budgeting and planing at Mobilink (Orascom)
  • Pakistan - Islamabad
  • My current job since January 2006

Current Job description

- Planning budgets and forecasts
- Coordinating with regional technical teams for budget and business plans inputs
- Financial modeling
- Scenario planning
- Sensitivity analysis

Previously (Fixed Assets)

- Monitor all the invoices against capital expenditure, and ensure that all additions are correctly and accurately capitalized
- Monitor all the technical assets of PMCL and ensure accuracy between physical and FA listing
- Overall support to external and internal audits for Fixed assets reporting
- Monitoring all the accruals and advances against fixed assets capitalizations and payments
- FA reporting

Previously (Finance Operations)

- Provide financial and accounting management and overall direction to finance operations, in compliance with applicable regulatory requirements.
- Ensure the financial integrity of the operations department with regards to controls, systems, financial reporting, and resource development


Tax reconciliations

- Reconciliation of withholding tax & activation tax with corresponding records and coordinate with tax department for provision of various documental evidence

Treasury Functions

- Liaison with treasury department for the arrangement of funds in banks and internal transfers based on the daily requirements

Budgeting Support

- Liaison with budgeting department for monthly data inputs and development of forecasts

Functional Advisor ORACLE 11i

- Managing the new software implementations relating to operations department, such as ORACLE 11i (inventory and receivables modules) and in house developed soft wares such as commission management portal


Other duties

- Manage administrative functions and establish internal administrative systems and controls
- Supervising a team of four talented individuals to look after the finance operations.
- Looking after the cost of sales, including cost variance analysis, early warnings to concerned management of over bookings, accruals booking, correct cost categorization.
- Developing Standard operating Procedures (SOP) for operations of inventory and commission.
- Liaise with external and internal auditors and provide the required reports to auditors as an audit evidence gathering exercise.
- Looking after, inventory valuation, management, and control
- Looking after commission disbursements, accruals and controls

Supervisor Audit at KPMG
  • Pakistan - Islamabad
  • March 2002 to November 2005

 Development of audit strategy and planning.
 Preparation of audit programs responsive to risk assessment.
 Assessment of accounting and internal controls and suggesting improvements thereon.
 Execution of work in accordance with International Standards on Auditing.
 Portfolio review of financial institutions
 Preparing Management Letters identifying flaws, their implications and recommendations.
 Preparing Financial Statement in compliance with identified financial reporting framework, International Standards on Accounting, Companies Ordinance 1984 and related provisions of Tax, Secretarial and other laws and practices.
 Bookkeeping for certain clients
 Reviewing budget preparation process and analyzing budget variances.
 Ensuring the completion of audit within the given time frame and according to the firm’s quality standards.
 Also involved in conducting the internal audit of multinational.

Education

Diploma, Finance Audit
  • at ACCA (UK)
  • September 2005

The Completion date is the date of 4 Years Audit experience with KPMG essential under bylaws of Institute of Chartered Accountants of Pakistan

Specialties & Skills

Internal Controls
Preparation
International Standards
finance audit

Languages

English
Expert
Urdu
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