Syed Ammad Shahid

• Monthly, quarterly and yearly reporting as per Reporting and Accounting Manual (RAM);
• Statutory reporting in accordance with local laws and requirements;
• Assists Shared Service Centre as operational interface & query handling;
• Prepares, approves and submits journal entries (excluding standard accrual);
• Reviews and approves G/L account reconciliations;
• Validates month end and quarterly reports;
• Conducts Internal compliance activities;
• Reviews and approves regulatory reporting package for submission;
• Requests and approves post period adjustments;
• Reviews and approves intercompany journal vouchers and entries, invoices and accruals;
• Requests creation, modification or block of master data and reviews master data change report;
• Works with operations to improve intercompany process (hit rate);
• Reviews and sign-off tax & statutory returns and hands over to authorities and, if necessary assists resolve inquiries;
• Submits periodical declaration on payment & remittances;
• Supports local tax audits & Maintains local tax documentation;
• Supports the Country Head of Finance in preparing the monthly / quarterly / annual tax reporting and tax calculation;
• Reviews, advices and authorizes payment proposal as well as submits and confirms payment request to bank;
• Credit controlling and timely collection of outstanding amounts from customers;
• Reconciles fixed assets/ organizes local fixed assets reconciliation and addresses differences accordingly;
• Conduct periodic fixed assets counts and reconciliations;
• Approves bank reconciliation and resolve disputes and issues;
• Manages general cash flow to ensure timely transfer of customs duties and vendor payments;
• In agreement with Country Head of Finance apply with PAC for bank and corporate guarantees;
• Executes foreign exchange transactions with head office;
• Reviews and controls GP estimation deviations and requires, follow ups on corrective actions with operation;
• Updating SOP’s and ensures that the NGS/BW reports are linked and in sync with the Forwarding Order Policy at all times. Continuously improve NGS/BW reports;
• Shipment and file controlling - Control of open files, re-opened files, negative closing and RRD files (WIP), files WO CGP, correctness of auto closed files;

• Completion of monthly billing within agreed timelines. Minimum 70% of total to completed in same month. Rest before WD+5
• Ensure correctness of Revenue accounting, Accrued Revenue reconciliation, Revenue vs Flash analysis
• Cash Handling, Petty cash voucher scrutiny, follow up with BPO for timely completion of accounting, and closing of AP sub ledger on WD1
• intercompany, JAFZA, Onpro, E-dirham, Misc Account receivable reconciliations - to be made available every month on WD2
• Ensure accuracy/timeliness on other adhoc requirements and responsibilities.

A fast food chain under ownership of Brothers Foods
at Islamabad.
This position contributes to company success by
managing the Finance department in:
* Overseeing the flow of cash and financial instruments
* Planning and directing the activities of workers in
branches or departments
* Preparing reports as required by law, regulations or
company policies
* Preparation and filing of Sales Tax, & With-holding Tax.
* Preparation of financial reports and budgeting.
* Prepared and implemented the daily closing of
restaurants procedure and checking it on a daily basis
for fair utilization of company resources.
* Overseeing the inventory utilization and ensuring a
proper system of inventory management in store.
* Formulated the policies to reduce the costs and
increase profits of the company.
Success: Successfully drafted and implemented HR and Petty
Cash policies, implemented QuickBooks ERP created a chart
of accounts and from beginning started the booking of all
expenses and revenue on a daily basis.

A multinational company having HQ in Netherlands,
1000+ locations, 42000 employees worldwide.
Responsibilities and essential job functions:
* Successfully prepared accurate and timely financial
reports and ensured appropriate accounting
procedures and controls.
* Passing adjustment/journal entries and account
reconciliations for period end close.
* Ensured financial records are maintained, in
compliance with policies and procedures.
* Sending the agents statement of accounts and
chasing for payments / offsetting the payables with
receivables from agents and intercompany and
doing agents reconciliations.
* Clearing the pending jobs of intercompany and
chasing the operations for pending accruals.
* Surprise cash counts / fixed assets count.
* Checked the bank statement on daily basis to see
payment received and allocating the payments in
customer’s ledgers as per payment details.
* Opening and releasing hold from locked customer
codes, allocation of credit terms after scrutinizing the
documents sent by operations.
* Handling the payments of the shipping lines, DP
World Dubai Customs and checking and
verification of the petty cash in all units of Ceva.
Success: Successfully designed a petty cash policy and
got it approved and implemented in all units of Ceva.

and essential job functions:
* Booking all the invoices received from
vendors after checking all the required
documents/ approvals into the system.
* Prepared the vendor reconciliation before
making payments to ensure the books of
company and vendors are aligned and
resolving the disputes immediately (if any).
* Preparing the payments and send it for
authorization from financial controller &
internal audit department of holding
company.
* Prepared Bank Reconciliation on a regular
basis to review the funds position.
* Processing of payroll in absence of
paymaster.
* Providing the documents / samples for
external audit department and working close
with audit teams till audit completion.
* Preparation and modifications of standard
operating procedures as required
Success: Successfully changed the procedures related
to the payment and focused mainly on the
documentation for easy audit process.

adhoc responsibilities as advised by Manager

and essential job functions:
* Posting of entries in Cashbook/Ledgers.
* Passing Journal entries, reconciling the trial
balance / balance sheet.
* Ensured the proper utilization of the grant by
Government.
* Making Bank Reconciliation Statements.
* Assist the Federal Directorate of Audit team in
audits.
* Assist the Finance Manager in budget
preparation, all the documentation of the
tenders published for development projects.
Success: Successfully implemented office
automation and replace the register cash books /
ledgers with PC / accounting software’s.