Manager Accounts And Finance
Ruby Textile Mills Limited
Total years of experience :7 years, 0 Months
Achievements
Prepare and submit the monthly financial results, budget and forecasts and complete the reporting requirements to the board of directors.
Introduced measures to save HR cost by reworking on various allowances and managed to reduce it by 10%.
Efficiently executed accounts payable functions with RS 80 M in annual revenue.
Maintained and insured that all the financial matters are in compliance with IFRS and Local laws.
Convinced customers to remit payments internationally rather than local channel thereby reduced Income Tax liability by 15%.
Liaison with external auditors for annual audit.
Achievements
Preparation of semi-annual and annual financial statements.
Collaborated with executive management team to increase operating profit margin from 15% to over 25%.
Posted and balanced monthly expense reports ranging from RS 4.5 M to RS 5 M
Streamlined their Withholding tax process and guided them on how to deduct this tax and decreased their tax liability by 20%.
Preparing reconciliation of subsidiary ledgers, control accounts and bank reconciliation.
Accelerated payroll processing to be completed in one day through the implementation of an online time tracker.
Achievements
External & Internal Audits:
Experience as Associate, Semi Senior, Job In charge and Assistant Manager in Audit and Assurance, such as Annual audits, Half Yearly Audits and Special Assignments for agreed upon procedures.
Audit planning, direction, supervision, review and finalization of audit assignments according to firm methodology, Companies act, Income Tax ordinance and International standards on Auditing.
Took part in quality control audit where new methods were introduced for test of controls which decreases paper work by 10%.
Taxation Services
Preparation and filling of income tax and sales tax returns of companies and individuals.
Filing of quarterly withholding tax statements of corporate clients and firms.
To part in calculation/deduction of Tax and determination of tax liability under the provisions of Income Tax and Sales Tax Laws.
Participated in preparation of budget briefs when budgets were launched by the Government.