Assistant Manager Finance
STREIT GROUP
Total years of experience :11 years, 8 months
• Preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports. Assist in providing follow-up and documentation of significant variances.
• Assist with annual external audit and internal audit. Assist in preparing assigned schedules for the annual and interim audit.
• Working on SAP FI and CO modules - General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Cost and Profit Center Accounting (CPA)
• Performed financial audits including financial statements review, revenue certifications, internal controls assessment, forensics accounting & auditing, and preparation of detailed report on audit findings.
• Supports senior accounting management in process improvement, placing focus on the implementation of best practices and establishment of scalable processes.
• Lead coordinator for VAT implementation, updating the processes and documents as required for VAT filing
· Audited statutory and consolidated accounts per IFRS/IAS and US GAAP referential in various
companies, and Due Diligence,
· Planning of assignments with the engagement partner, risk assessments and preparing audit
programs including resources allocation accordingly,
· Performed financial audits including financial statements review, revenue certifications, internal controls
assessment, forensics accounting & auditing, and prepare detailed report on audit findings.
· Maintained effective time management while simultaneously worked on several projects/clients
· Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted
accounting procedures to record transactions
· Performed assurance and non-assurance services in different industries i.e. trading,
manufacturing, financial services, real estate, infrastructure development etc.
CMPAK Limited (China Mobile - ZONG) is Pakistan’s 1st4G telecom operator & 100% subsidiary of China Mobile, World’s largest telecom operator having customer base over 26 Million and annual turnover of more than AED 1 Billion.
• Preparation of Monthly Financials
o Preparation of monthly/quarterly/annual financial statements i.e. Balance sheet, profit & loss accounts, cash flow statement, related reports and their analysis for the review of higher management.
o Preparing end of the month closing for preparation of monthly financials.
o Review Accruals & Prepayments & Ascertain that they are properly accounted for.
o Ascertain that Bank Reconciliations are prepared to reconcile for all cheques issued, presented etc.
o Run depreciation process &reconcile Fixed Asset register.
o Monthly stock-taking of inventory, preparing stock valuation reports and reconciliations between physical stock and stock in records i.e. quantity purchased, sold, consumptions and stocks at the beginning and what should be at the end of the month.
o Review of all the ledger accounts & ascertain that they are properly reconciled
o Review the profit & loss accounts for proper allocation and for month to month variations/analysis.
• Accounts Receivables and Accounts Payables.
o Managed the Accounts Receivables and Payables of the company
o Preparing & Sending Monthly statements to customers. Checking the Bank Statements on a daily basis, and posting payments to the respective customer accounts.
o Cash Collection: Ensuring the collection of sales ledger invoices are carried out effectively, whilst ensuring amounts are collected to meet targets.
o Credit Limits & Risk - Reviewing the aging reports of account receivables in terms of credit limits (i.e. invoice date + Credit days) to raise flag on overdue invoices, and reports to management and other sales staff for timely recoveries.
o Receivable Accounting - Review of all the ledger accounts & ascertain that they are properly reconciled accounting reports (accounts receivable / accounts payable) for accuracy and completeness i.e. booking through inward/outward gate passes, purchase orders, invoice trails etc.
• Bank Reconciliations
o Maintaining a list of all bank accounts and preparation of bank reconciliations accordingly.
o Identifying differences in accounting ledgers and the bank balances, and taking measures to post differentiating transactions.
o Developed a control on banking transactions i.e. cheques issued, presented in banks, bank balances, date wise cheque clearance position for cheques issued to parties, availability of funds at specific bank clearance date etc.
• General Accounting
o Complete accounting of banking transactions, loans, markup calculation and respective records.
o Posting of daily routine transactions.
o Handle the salary sheet process and review payroll validation print out, i.e. loan/advance deductions etc.)
o Preparation of quantitative reconciliation of stocks i.e. quantity purchased, sold, consumptions balances thereon, review and reports to the higher management.
o Forecast cash flow positions, related borrowing needs, and available funds for investment.
o Develop and maintain internal control and effective accounting systems and policies and advise corrective steps for improvement
o Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and other regulatory bodies;
o Interpret the company's financial results to management and recommend improvements thereto.
Audit of all head office vouchers (80 -100 vouchers posted on daily basis).
Audit of payments to whole network on account of payable balances.
Internal Audits : Performing the Internal Audits, including risk based assessment at entity and operational levels;
Evaluating internal control: and risk management procedures; identifying weaknesses therein and communicating those weaknesses with recommendation to those charged with governance and management;
Preparation of policies and procedures of the department;
Booking of Non-current assets in the Financial statements;
Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report;
Verifies validity of account discrepancies by obtaining and investigating information from sales and from customers;
Managing petty cash and monitoring the balance as per transaction;
Calculation of staff salaries(including overtime & benefits) and disbursement to staff;
Calculation of depreciation on monthly basis for Reporting;
Managing and monitoring the Letter of Credit facility for the Production Equipment procurement & import;
Verifying all the operating expenses and booking in the Profit/loss;
Supporting the Finance Manager in monthly reporting and finalization of year-end Financial statements;
Accounting treatment of assets acquired under finance lease& updating the balance at each month end;
ACCA has 14 exams regarding Financial accounting, management accounting, performance management, tax, auditing and law.
The Association of Chartered Certified Accountants is a professional body providing one of the leading accountancy qualification around the world. ACCA is a recognized certification equivalent to M.Com(Master's Degree) in Pakistan. ACCA provide a sound knowledge of financial reporting,management accounting,auditing,financial accounting,performance management and many more. It provide a versatile value added knowledge that can be applied in any sector,industry or organisation.