Statutory Reporting and Financial Manager
Bank Aljazira
Total years of experience :18 years, 6 Months
I Joined the Firm in October 2005 as an Audit Trainee and left as a Manager Assurance. While working in Assurance and Business Advisory Services of the Firm I lead large teams through the planning, execution and conclusion stages of statutory audits, validation of financial reporting packages of multinational concerns and other varied special nature engagements. My responsibilities mainly included:
• Engagement management
• Client relationships
• Assessment of business and audit risks
• Co-ordination with professionals of various fields like legal, actuarial and IT experts etc
• Decision-making for resolution of critical reportable matters
• Preparing detailed reports on audit findings and making recommendations to improve organization’s accounting and management practices, controls and systems
• Assisting clients in preparing financial statements including assistance in application of International Financial Reporting Standards (IFRSs), corporate taxation and financial reporting of multinational companies to parents
• Review of organizations’ compliance with the applicable laws and regulations including but not limited to the Companies Ordinance, Income Tax Ordinance, Banking Companies Ordinance, Code of Corporate Governance of Pakistan, Listing Regulations, Non-Banking Finance Companies and Notified Entities Regulations, WWF Ordinance, WPPF Ordinance etc.
• Providing advisory and value added services in various aspects of business
• Implementing PwC's Audit Methodology in ABAS Group
• Development and training of audit staff
The experience in the ABAS Group of the firm enabled me to develop an understanding of regulatory environments of diversified industries, key business processes and the accounting and internal control systems of several organizations. The most significant clients in various sectors and related engagements that have contributed to my professional growth are listed below:
As a Team Manager
- Bank Alfalah Limited
- Citibank, N.A. - Pakistan Branches
- Barclays Bank PLC - Pakistan Branches
- Dawood Islamic Bank Limited (Presently Burj Bank Limited)
- Samba Bank Limited
- KASB Funds Limited
- BankIslami Modaraba Investments Limited
- National Investment (Unit) Trust
- National investment (Unit) Trust-LOC Holders’ Fund
- NIT-State Enterprise Fund
- NIT-Equity Market Opportunity Fund
- NIT-Government Bond Fund
- NAFA Income Fund
- NAFA Multi Asset Fund
- MCB Cash Management Optimizer
- MetroBank - Pakistan Sovereign Fund
- First Habib Income Fund - Internal Audit
- First Habib Stock Fund - Internal Audit
- First Habib Cash Fund - Internal Audit
As a Team Member
- Habib Bank Limited
- Emirates Global Islamic Bank Limited (Presently Al Baraka Bank (Pakistan) Limited)
- Union Bank Limited (Presently Standard Chartered Bank Pakistan Limited)
- ACE Insurance Limited
- Clariant Pakistan Limited
- IGI Investment Bank Limited
- Investment Corporation of Pakistan
- Golden Arrow Selected Stocks Fund Limited
Besides routine assurance engagements, performed special nature assignments, the details of which are as follows:
• Financial Due Diligence assignment of Pakistan State Oil Company Limited and Industrial Development Bank of Pakistan
• Merger assignment of Pakistan Industrial Credit and Investment Corporation and PICIC Commercial Bank Limited with NIB Bank Limited. The assignment included valuation of three entities for the purposes of determining a swap ratio for the purpose of Merger
• Reporting on the Capital Adequacy Ratio (CAR) of various banks under Basel II
• Audits of Provident funds, gratuity funds and Benevolent Funds etc.
Cleared Chartered Accountant Examination within Articles ship period of 3.5 years Passed CA Foundation and Intermediate Examination in first attempt
Secured 7th position in Hyderabad Board (Pre Engineering) by attaining 82.36% marks (A-1 grade)