Accountant
Akun Logistic Services
Total years of experience :25 years, 6 Months
Monthly Cash flow Statement
Monthly Bank Reconciliation
Monthly Account Receivable and Payable Ageing
Monthly Closing assistance to fellow accountants
Other related accounting task including helping others in financial statements reporting
Handle company’s accounts on cloud based accounting software “XERO”
Prepare and handled quotations
Correspond with customers
Prepare monthly payroll of all staff
Prepare daily sales and cost reports
File quarterly returns
General Auditing:
• Controlled more than 10 banks including one E-Dirham online account.
• Checking monthly payroll of more than 1000 outsource staff of more than 20 clients
• Tracking monthly client invoices & receivable reporting, daily cash flows etc.
• Monthly manual & system reconciliation of group companies.
• Handling and offsetting Inter-company & inter-bank transactions.
Accounting & Management Reporting:
• System & chart of account, design & implementation.
• Client wise account receivable tracking and recovery.
• Finalization of accounts with external auditors.
• Monthly & annual client wise business performance reporting.
• Price feasibilities of perspective clients, using target costing.
• Vertical and horizontal analysis using key performance indicators (KPIs).
• Presenting client wise profitability to the management and key stake holders.
ACCOMPLISHMENTS:
Increase in no, of clients from 10 to more than 20 and increase in Sales by 10% in one year.
- Awarded Performance Bonus
• Managing quarterly invoicing, against leverage facility to government departments.
• Officiating contractual payments to related parties, (investors).
• Quarterly reporting of funds for management decisions and control.
• Managing various government operational and treasury accounts.
• Project accounting for government and its affiliates & government funds allocation reporting.
• Managing accrued liabilities & payment of government pre-approved vendors.
• Shortlisting and pre-screening for staff recruited for government department.
• Safeguarding major fixed assets via comprehensive insurance coverage and depreciation provisioning.
• Consolidating quarterly accounts of Government owned companies.
• Maintaining Health Insurance record of all employees.
• Preparing monthly staff payrolls & overtime with quarterly gratuity provisioning.
• Prepared Cash Flows and Budget forecast and highlighting reasons for variance.
• Managing daily cash and other account related transaction.
• Active team member of Ras Al Khaimah IPO of one of the Semi Government & public listed companies
• Conducted initial market research for one the perspective leasing companies in co-ordination with Deloitte.
• Active team member of Government Rating exercise
• Active team player for various business plans and financial modeling for allotted transactions.
• Also provide feasibilities for various government and semi-government projects
• Advising various clients in devising company’s systems and procedures.
• Prepared forecasts, budgets, MIS reports includes variance analysis.
ACCOMPLISHMENTS & AWARDS DURING THE ABOVE PERIOD:
• IPO (Dubai - Public Listed Company in RAK) over-subscribed by 52% (Performance Monetary reward)
• Team member of Sukuk issued in 2008 (Performance Monetary reward)
• RAK Government was Rated as A/A-1 by Fitch in 2008
• Under Directors supervision evaluated swap ratio in the merger and restructuring exercise of the following:
• Aventis Pharma (Pvt.) Ltd. and Rhone Poulenc Rorer Ltd.
• Nestle Milk Pak (Pvt.) Ltd., Pak water Bottlers (Pvt.) Ltd., and Northern Bottlers (Pvt.) Ltd.
• Glaxo Wellcome SK&F and Beecham.
• Involved in wellhead costing of Mari Gas Limited under various financial scenarios.
• Assisted in numerous client presentations, corporate tax and local by-laws matters to senior managers.
• Conducted feasibility study for recovery of stuck-up funds of Sui Southern Gas Company Ltd., with major clients and also determine reasons for improper uses of company funds and causes of efficiency losses.
• Developed and devised delegation of financial and administrative powers, along with respective job description of various clients.
• Prepared and devised prototype accounting system and Standard Operating Procedure (SOP) manual of the following clients, major areas of improvement include cash & bank, accounts receivables/payables, payroll and fixed assets.
• Mobil Askari Lubricants Private Limited
• Securities and Exchange Commission of Pakistan (SECP)
• Investment Corporation of Pakistan (ICP)
• National Investment Trust (NIT)
• Prepared, compiled and analyzed financial statements of over 40 foreign and local banks operating in Pakistan to determine the financial benchmarks of the Banking Industry in Pakistan.
• Assisted senior in formulation of financial projections and initial business plan and carrying out SWOT analysis for clients like PICIC Insurance Company, Al-Noor Sugar (Pvt.) Ltd., and other local and multi-national clients.
• Conducted field survey in Islamabad territory, readership in Pakistan, Khaleej Times.
• Prepared proposal for new client, based on respective scope.
• Prepared Production & Costing Model for Pakistan Security Papers to evaluate unit cost under various raw material mixes.
Executive MBA - General Finance University of Pune, RAK Campus - UAE
I am ACMA Finalist, Major subject include, Costing, Economics, Adv Accounting, Advance Financial Reporting, Taxation, Biz Maths & Stats, Adv. Cost & Management Accounting, Quantitative Techniques, Business Communication.
Bachelor of Commerce (B. Com) Karachi University - Pakistan
Matriculation - Science Group, Board of Secondary Education Karachi (Secondary School Certificate Examination - 1986)
