Fawad Rais, Manager Accounts

Fawad Rais

Manager Accounts

Rajby Textiles

Location
Pakistan - Karachi
Education
Diploma, Management Accountant
Experience
24 years, 3 Months

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Work Experience

Total years of experience :24 years, 3 Months

Manager Accounts at Rajby Textiles
  • Pakistan - Karachi
  • My current job since November 2007

DUTIES AND RESPONSIBILITIES:

Reporting & Analysis
 Supervise Data up to Trial Balance and Prepare Monthly, quarterly and Yearly Financial Statements.
 Preparation of Monthly Budget and variance reports “Budgeted vs. Actual”, provide follow-up and document for significant variances.

Systems
 Weekly Meetings with management Regarding Local Receivable and Sales Recovery.
 Design documents for different departments Such as Goods Receiving notes, Purchase order, Department Requisitions.
 Assist to G.M Finance for Documents, Policies, Procedures and workflow.
 Daily, co-ordination with G.M Finance regarding creditor’s payments and fund arrangements.
 Collection of various information from inventory stores and meetings with high management for better system Implementation.
 Daily Co-ordination with G.M Finance Regards Different Issues in New Projects.

Audits & Examinations
 Supervise yearly audit, complete requested materials and prepare required schedules
 Checking of all vouchers and examine data Entries recording in their respective Ledgers.
 Participate in monthly physical stock Audit.

Banking/Cash
 Coordinate and resolve various issues of conventional and Islamic banking such as Letter of Credits, Financing Limits and Other Bank Documents.
 Prepare and Update Daily Finance Positions.
 Prepare and Update Daily Cash Positions.
 Supervise and Look after whole Murabaha (Islamic Banking Product) Activities such as,

1. Coordination with Inventory stores for Purchase orders and GRNS approvals.
2. Resolve Different Queries of Bank Regarding Murabaha Declarations, Intimations, Issued cheques, Payments Recovery, Inwards Matching and Purchase Orders Matching.
3. Participation in Different Documents Completion such as Invoices Follow-ups, Good Declarations Follow-ups, Murabaha Payments Follow-ups.
4. Other necessary documents such as Contract balances, Purchase orders rates.

General
 Back-up in Daily Weekly and month-end duties assigned to other Accounts Members.
 Coordination with Customer and Suppliers to Resolve different issues
 Participation in new Projects of Company
 Coordination with different Departments for Accounts and Finance Related Activities
 Collection of Information for Feasibility Report Making
 Checking Monthly Sales tax Files for Refund
 Perform accounting functions as per Management Requirement
 Other Financial Reports to G.M Finance

Senior Accountant at Rajby Industries
  • Pakistan - Karachi
  • June 2001 to October 2007

DUTIES AND RESPONSIBILITIES:

Reporting & Analysis
 Prepare Monthly, quarterly and Yearly Financial Statements.
 Prepare Sales analysis report.

Audits & Examinations
 Assist annual audit and prepare required schedules.
 Checking of all vouchers and Examine Computerized Accounting Package.

Debtors/Creditors
 Maintaining Book of Debtors/Creditors.
 Reconciliation with Customer & Suppliers.
 Correspondence with Customer & Suppliers.
 Prepare Payable and Receivable aging.
 Invoices, GRNS and Purchase orders follow-ups.

Systems
 Weekly Meetings regarding receivable and Sales Recovery.
 Weekly Meeting regarding creditor’s issues and payments.
 Collection of various information from inventory stores and meetings with Chief accountant for better system Implementation.

General
 Back-up in Daily weekly and month-end duties assigned to other Accounts Members.
 Perform accounting functions as assigned including, Expenses Detail, Refunds details (Rebate & Research and Development) and Different Details as per Management Requirement.
 Coordination with different Departments for Accounts and Finance Related Activities.
 Other Financial Reports to Chief accountant.

Accountant at Bangash Clearing & Forwarding Agency
  • Pakistan - Karachi
  • January 2000 to May 2001

DUTIES AND RESPONSIBILITIES:

Reporting & Analysis
 Prepare Monthly, quarterly and Yearly Financial Statements.
 Prepare monthly Budget

Banking/Cash
 Prepare and Update Daily Bank and Cash Positions
 Prepare Bank Reconciliation Statements
 Controlling of Petty cash related activities
 PDC Cheques follow-ups
 All Disbursements.

Debtors/Creditors
 Prepare Receivable & Payable aging
 Maintaining Book of Debtors/Creditors
 Reconciliation with Customer & Suppliers.
 Prepare of all Commercial & Sale tax Invoices and follow-up for Outstanding
 Verification of Bills

General
 Staff payroll
 Other accounting information from different departments

Education

Diploma, Management Accountant
  • at Institute of Management Accountants (IMA)
  • June 2017

Currently Studying Part 1 (Financial Reporting, Planning, Performance and Control)

Master's degree, Finance & Accounts (MBA)
  • at Preston University
  • December 2012
Bachelor's degree, Commerce (B.com)
  • at University of Karachi
  • May 2002

Specialties & Skills

managerial accounting
Internal Controls
Financial Control
Bank Accounting
Financial Accounting
ACCOUNTING
LINGUISTIC
MICROSOFT OFFICE
MICROSOFT WINDOWS
MS OFFICE
WINDOWS 95
Interpersonal & Communication Skills
Staff Management & Development
Planning & Forecasting
Budget Development & Management
Problem Resolution
Accounting & Financial Operations
Financial & Strategic Planning
Cost-Benefit Analysis

Languages

Urdu
Expert
English
Expert
English
Expert
Urdu
Expert

Training and Certifications

Finance (Training)
Training Institute:
Institute of Management Accountants (IMA)
Date Attended:
May 2013
Accounting (Training)
Training Institute:
Institute of Management Accountants (IMA)
Date Attended:
May 2013
Personal Development (Training)
Training Institute:
Institute of Management Accountants (IMA)
Date Attended:
April 2013
Finance (Training)
Training Institute:
Institute of Management Accountants (IMA)
Date Attended:
April 2013
Islamic Banking & Financing (Training)
Training Institute:
Meezan Bank Ltd
Date Attended:
August 2010
Business Management & Organization (Training)
Training Institute:
Institute of Management Accountants (IMA)
Date Attended:
May 2013

Hobbies

  • Teaching (Accounts & Business)
  • Book Reading
  • Internet Surfing