Stock & Credit Controller
Petrogas Company Ltd.
Total years of experience :15 years, 0 Months
Keeping track of Company’s inventory and ensuring timely acquisition.
To communicate with suppliers as part of supply management process.
To assist Managing director on inventory procurement process and ensuring the company’s competitiveness in the market.
To follow up on inventory flow process starting from acquisition to storage depot and from storage depot to the customer level and reconciliation of discrepancies.
Evaluating daily reports of Company’s owned petrol station for any stock loss or any other irregularity and raising the concern to the management.
Evaluating customer’s aging reports and ensuring timely collection process.
Following up with commercial and finance team to ensure timely credit of customer receipts into Company’s bank account.
Preparation of customer and segment wise profitability reports periodically.
To oversee the activities of accounting and commercial staff in relation to customer’s and stock balances.
Managing daily sales activities.
Reconciling customers balances on periodical basis.
Keeping track of Company’s daily collection and
following up with bank for timely credit of customer receipt into company’s account.
Communication with Storage Depot for issuance of inventory into customer’s favor and reconciling inventory balances periodically.
To calculate pricing of different products and timely communication of price changes to the customer.
Preparing reports of daily sales and collection activities and reporting it to the Managing Director.
Preparing monthly reports of customer and product wise turnover activity and ensuring timely acquisition of stock.
Preparing different sales and collection reports from time to time based on directors requirement.
1) Managing supplier’s accounts and reconciling differences arising between them.
2) Posting receipts from Oil Marketing Companies in accordance with quantities allocated to them out of each invoice.
3) Preparing payments for Expat and Local staff salaries including Income tax and social security contributions for all companies in the group.
4) Follow up on daily bank transactions and ensuring their proper posting in accounting system
5) Suggesting changes in accounting procedures as and when required.
6) Providing information and reports to Directors, internal auditor as and when required.
7) Ensuring proper closing of accounts for each company in group and preparing financial reports to be audited.
8) Liaise with auditors, assisting Audit team in order to conduct external audit smoothly, and taking corrective actions wherever required,
9) Reviewing monthly bank reconciliation statements prepared by junior staff and resolving any differences in timely manner
10) Keeping track of transaction related to expenses allocated to different projects carried by group and presenting reports to the management as and when required.
11) Control, manage and supervision of daily accounting tasks of junior staff.
1) Managed Financial and Accounting affairs of the Company and ensured effective implementation of the Financial and Accounting Policies.
2) Supervision of all financial transactions and presenting Reliable and integral Information for internal management decisions and external agency reports.
3) Compliance with Companies Policies, Securities & Exchange Commission of Pakistan Rules & Regulations, Income Tax, Sales Tax.
4) Follow up on taxes including Sales tax, Income Tax and employees deductible taxes.
5) Handle all incoming and outgoing correspondence related to the accounting department, ensuring decisions made are communicated to the relevant people.
6) Handled bank transactions including letter of credit.
7) Be the lead in managing external regulations and advisers, such as lawyers and auditors.
8) Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
9) Preparation of cost reports and assisting cost auditors in terms of required information for smoothly completion of Cost audit.
1) Handling clients Tax & Corporate Affairs and ensuring compliance with the relevant tax and corporate laws.
2) Managing the accounting affairs of the clients and ensuring adherence with the relevant financial standards.
3) Evaluated accounting requirements during meetings with potential clients.
4) Performed accounting operations, account reporting and reconciliations.
5) Worked with audit team in external audit of Private Limited Companies and a NGO.
6) Supervision and review of subordinates work.
1) Performed General Journal Entries on daily basis and Maintained ledgers using Quick Books accounting software.
2) Documented financial transaction by preparing vouchers.
3) Posting of bank transactions on daily basis.
4)Summarized financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
5)Prepared financial and regulatory reports required by laws, regulations and directors.
6) Preparation of bank accounts reconciliation statement at each month end.
7) Preparation of Invoices.
Finalist of CMA (Cost & Management Accountancy), Qualified upto stage 5, Only one subject left in stage 6 (last stage) that is Financial Management
Bachlor's Punjab University Commerce 2008
SSC Federal Board Science 2004
