Assistant Manager Accounts
Excel Freight Systems (Pvt.) Ltd.
Total years of experience :10 years, 1 Months
• Assisted manager to provide timely financial statements including balance sheet, profit & loss statement and cash flow statement including account analysis and general ledger reconciliations.
• Supervised submission of various reports as required by the central management.
• Analyzed financial statements by ratio analysis and recommended the corrective measures to management.
• Supervised monthly payroll, bank reconciliation, timely data capturing, scheduling payments and balance confirmation of receivables and payable.
• Analyzed business operations, trends, costs, revenues and financial obligations to predict future revenues or expenses.
• Monitored accounts receivable and accounts payable activities to improve cash flow position to pay off liabilities in timely manner.
• Actively engaged in audits by providing information or documentation to external auditors as per their requirement.
• Managed full accounts payable cycle covering invoices verification, invoices posting, statements reconciliation and timely payment to vendors in cheques.
• Processed remittance application forms with supporting set of documents as per central bank requirements.
• Negotiated foreign exchange rates with banking treasury and finalized for outward remittances execution.
• Monitored and coordinated with banks on any changes in foreign exchange regulations.
• Maintained accounts payable voucher register, cash disbursement journal and supporting schedule to ensure proper allocation of payments.
• Ensured that all the received invoices are in agreement with purchase orders & tariff.
• Responded effectively to vendor inquiries and resolved all the disputes with suppliers. Also prepared aging reports to observe any issues in payment behavior.
• Managed full accounts receivable cycle covering invoicing, timely delivery, statements reconciliation and assured timely payment collection from the customers.
• Prepared accounts receivable aging reports, analyzed customer payment behaviors and advised the required actions.
• Managed cash and bank position including petty cash usage. Also coordinated with banks to confirm banking transactions i.e., balance confirmation, outward remittances in local & foreign currencies etc.
• Posted journal entries including Revenue, Expenses & accrual entries.
• Checked and verified the monthly revenue statements and settlements correctness as per set policies and ensured that all the supporting documents are attached.
• Verified the ledger and check postings are correct to ensure books of accounts accuracy.
• Cross checked the banking and cashier reports correctness and followed them up in case of any variance.
• Conducted physical count of inventory and verified it with accounting records.
• Verified Export Proceeds realizations are conformed to set accounting procedures.
• Conducted Stock taking activity to make sure that inventory position is accurately reflected in accounting records.
• Performed cash counter transactions to ensure best service quality i.e., cash withdrawals, bank deposits, outward & inward bank clearing etc.
• Sorted, checked and counted account opening application forms as per agreed service level agreements.
• Conducted verification of application forms including signatures as per guidelines.
• Negotiated exchange rates for inward remittances encashment from foreign currency to local currency.
• Bundled ATM journals and vouchers on daily basis and resolved any discrepancies.
• Promoted the services and products of bank to achieve more business for the company i.e., credit cards, home financing and car financing loans.
• Processed account opening forms, getting signed it from the customers and scanning it for records.
• Collected cheques from the drop boxes and processed these for the concerned payments.
• Processed foreign currency transactions as per customer requests.
I got scholarships and Fee discounts based on my good scoring of grades. I have done my internship in Bank Al-falah, was rotated in following departments: Trade Finance, Operations, Credits, Accounts, Consumer Financing
My major subjects include: Micro Economics, Macro Economics, Business Mathematics & Statistics