ABDUL WAJID SOHARWARDI, Financial Consultant

ABDUL WAJID SOHARWARDI

Financial Consultant

Self Employment

Location
Pakistan
Education
Master's degree, FINANCIAL MANAGEMENT,COSTING,MANAGEMENT ACOUNTING,FINANCIAL ACCOUNTING
Experience
24 years, 3 Months

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Work Experience

Total years of experience :24 years, 3 Months

Financial Consultant at Self Employment
  • Pakistan - Karachi
  • My current job since October 2018

• Financial Accounting, Advice on Financial Strategies, ROIs, Investment Opportunities, Optimization and Cost Control Systems.
• Internal Controls & SOPs preparation accordance with Operation.
• Tax & Sales Tax advice.
• Feasibility Studies Of new Products.
• Worked on Re-structuring Set-up of Chemical Imports, local Manufacturing Cost, Consumption and Waste Analysis, COGS data analysis and Profitability.
• Worked on Consolidation of Educational Institutional Set-up, Integration of Academic Operational Activities with Day to Day Planning, and Assessment Procedure.

Chief Financial Officer & Head of Business Operation "COO" at Ithaca Capital Group- Mustang Security
  • Pakistan - Karachi
  • April 2013 to October 2018

• Financial Role
• Control Team of more than 25 in Finance, including GMs, and Managers
• Developed high performance Finance Team to drive disciplined growth and Strengthen Control, Scale Infrastructure for growth, and build shared service center within Low cost Center.
• Directed Overall Accounting and Financial Activities, including allocation of funds in different Projects, Compliance & Control, established Controlled Authorization Procedure of Financial Transaction. Lead activity of Funds borrowing from Financial Institution including RF, LCs Lines, Lease Financing, Discounting, TFCs arrangement, Sukuk Financing etc.
• Ensured cohesive financial strategies, and Operating Plans. Led allocation of resources, ROI Strategies, Content Profitability, Financial Forecasting/ Analysis.
• Income Tax and Sales Tax, Compliance from Return till Cases and Litigation.
• Worked as Company Secretary of Group, well versed and having command over Secretarial Affairs and Compliance.
• Business Operation Role
• Control Team of more than 50 Direct Operational Team, including Managers and seniors.
• Introduction “Quality Review Program” on company’s Operation SYSTEM, which includes Designing of Customer Complain Management system (Software).
• Monitoring Daily Operation, Operation KPIs Reporting and Control.
• Team Building and Development.
• Over all control of Operation, identifying arrears of improvement, assign task to Regional and Zonal Teams, review of performance.

SEVP Finance and Regional Head at Hertz International
  • Pakistan - Karachi
  • July 2005 to March 2013

• Led Financial Team to support BOD in Growth Planning, identification of Resources and allocation, Funds Placement in Projects, Financial Efficiency and Control Procedures.
• Regional Financial Planning, identification of Resources, allocation and Financial Budgets Analysis.
• Financial Transaction Control, Daily Movement, Statutory Reporting, Annual Reporting and Audit Liaison with Top Audit Firm.
• Financing arrangement and ensured compliance of Financial Institutional Requirement of information for ST and LT Financing, lead in various significant financial Transaction.
• Fleet Modeling system, Optimum Utilization Module with best Cost concept of Operation.
• Regional Business Development, registered growth in BU profitability.
• Lead Role in International System of Fleet Management RentPro.
• Designing and Control of Fleet Disposal system
• Set up “Fleet Maintenance Department”, lead maintenance function and Introduced “Efficient Job Management System” to achieve per Man Hour Job Target. Significant cost saving on in- house maintenance concept.

Senior Assistant Manager Finance/Head of Accounts Department at Wazir Ali Industries Limited
  • Pakistan
  • October 2004 to June 2005

· The position exists to ensure effective planning; controlling the financial activities of the company by using the accounting tools and methods of analysis.
· Preparation and reporting on Finalization of monthly, quarterly and annual Accounts of the company including liaison with external Auditor.
· Preparation of Analysis Report of monthly Accounts with Budgeted Accounts.
· Worked extensively on company budget for the financial year 2005-06.
· Handling of company “day-to-day” financial activities.
· Assisting in ERP system development, and worked as a representative of Accounts department in coordination committee for system development.

Deputy Manager Finance at Dadabhoy Cement Industries Limited
  • Pakistan - Karachi
  • April 2003 to August 2004

 The position exists for the purpose of ensuring effective planning; controlling the financial & corporate activities of the company in accordance with the policies and procedures established by the management and ensure the smooth functioning of departments.

 Responsible to control Finalization of Accounts and liaison with External Auditor, also responsible for routine activities and day-by-day reporting to CFO.

 Responsible to control Cost Audit and Cost Control System, including costing of all products, preparation of cost variance analysis report, and complete liaison with External Auditor in Annual Cost Audit.


 Exercise & reporting over Strategy and Policy making with a view to achieve the corporate goals of the company. Preparation of Budget & Monthly Management Report for the purpose of controlling financial performance with a view to achieve budgeted targets.

 Ensure proper arrangements of loans from Banks and other financial institutions. Looking after the Leasing cases of company.

 Responsible for controlling corporate & secretarial matters, listing regulation of stock exchanges, ensure the compliances on code of corporate governance rules and to control the shares transactions of Company.

 Responsible for Taxation matters of the company regarding Annual Returns and Assessment.


 Developing new systems and procedures to enhance the efficiency of the company.

SENIOR ACCOUNTANT at Textile Group of Companies
  • Pakistan - Karachi
  • January 2000 to March 2003

 To handle the matters of Accounts & finance, and report to Finance Manager.
 Controlling & finalizing the Accounts on quarterly & Annually Basis.
 Preparation of Job order costing reports.
 Responsible to arrange the Export refinance from banks and to correspond to the Banks in this regards.
 Controlling & ensuring the activities of Income Tax matters, including Pay roll Tax, deductions from suppliers, quarterly statements, yearly Returns and complete liaison with tax authority in the time of yearly assessment.
 To control individually Sales tax matters, including Monthly Refunds, yearly Audit and all concerned matters correspond to the sales tax department.

Education

Master's degree, FINANCIAL MANAGEMENT,COSTING,MANAGEMENT ACOUNTING,FINANCIAL ACCOUNTING
  • at ICMAP
  • May 2003

ASSOCIATE OF COST & MANAGEMENT ACCOUNTANT OF PAKISTANT

Bachelor's degree, FINANCE & AUDITING
  • at KARACHI UNIVERSITY
  • December 1997

BACHELOR IN COMMERCE

High school or equivalent, CHEMISTRY,PHYSICS,MATHS
  • at INTERMEDIATE BOARD
  • April 1994

INTERMEDIATE DEGREE

Specialties & Skills

Financial Management
Management
Preparation
Physics
Costing
MS OFFICE,FOXPRO,WINDOWS NT,WINDOWS 98,
MS OFFICE

Languages

English
Expert

Memberships

NA
  • NA
  • January 2004