Executive Finance and Accounts
Mobilink Microfinance Bank Limited - A Veon Group Company
Total years of experience :5 years, 6 Months
•Preparation of branch wise and consolidated financial statements in accordance with applicable International Financial Reporting Standards and Banking Specific Reporting Standards/industrial practices.
•Preparation of Bank wide Financial Review on monthly basis.
•Preparation of Consolidated Management Report (MoM basis) which contains all KPI and their actual to budget analysis.
•Preparation of group reporting packages that include: Trial Balance, Cash Flow Movement, Updation on cash, bank and investment balances in Tm-5 and quarterly reporting.
•Managing treasury investments.
•Supervision of payables function to ensure that payments are processed timely and accurately.
•Data Integration from Temenos-24 to Microsoft Dynamics Great Planes.
•Chart of account Updation and modification process.
•Finalizing the month end procedures and marking of month end in MS GP.
•Assisting in projecting future financial needs, taking into considerations the various projects undertaken by the organization and also help the higher officials in management of financial resources.
•Liaising with external auditors in performing of audit of financial statements of the bank including audit of internal controls.
Managing fixed assets of a bank with branch network spread across the country which deal in the micro financing.
My role at Khushhalibank Ltd. includes:
-Reviewing existing policies and procedures related to Fixed Assets and develop updates where required.
-Identifying, proposing and where approved implement system enhancements in Fixed Assets data base (FAR)
-Recording and maintaining itemized inventory of Bank wide Fixed Assets of capital nature enabling production of management reports such as category wise list of Fixed Assets, assets held by location etc.
-Supervision of fixed assets addition, disposal / write off/ sold / lost / theft/transfer items in the FAR.
-Responsible for preparing reconciliations between General Ledger and FAR modules and ensure expeditious resolution of reconciling items.
-Responsible for ensuring periodic reconciliation of FAR with the physical inventory held across the Bank in close co-ordination with the Retail/Ops function of the Bank.
-Responsible for computing accurate monthly depreciations on the fixed assets in accordance with the requirement of the Banks accounting system.
-Responsible for producing periodic tax depreciation schedule for the purpose of computing taxable income of the Bank.
-Conduct periodic analysis of economic useful life of the assets deployed by the Bank and identify assets impairment etc and develop management recommendations for corrective actions.
-Keep track of CAPEX budget, conduct and report variance analysis.
-Develop and conduct internal training sessions on Fixed Assets policies and procedures.
-Prepare monthly FAR flow statement of cost and accumulated depreciation containing opening balances, additions and deletions during the period and closing balances; prepare monthly statement of Gain/Loss on disposals of fixed assets.
-Assist in preparation and finalization of management accounts and other statutory reporting.
My primary responsibilities were maintaining branch accounts for further submission to CFO and supervision of team members in maintaining the books of accounts in accordance with IFRS and local regulations relating to insurance companies in Pakistan
I had worked on difference areas of like Fixed Assets, Prepayments, Accounts Payables and Receivables. Apart from that I have also assisted Manager Finance in preparation of Cash Flow Forecasting, working on maturity of advances and their presentation to Chief Financial Officer
During my time at KPMG I was privileged to gain exposures to different industry sectors including:
-Education Sector
-Power Sector
During the course of my time with the firm, I obtained an understanding in the application of:
-International Financial Reporting Standards (IFRSs) / International Accounting Standards (IASs)
-International Standards on Auditing (ISAs), International Auditing Practice Statements (IAPSs), International Standards on Related Services (ISRSs), International Standards on Review Engagements(ISREs), International Standards on Assurance Engagements (ISAEs) and KPMG audit methodology