Assistant Manager - Business Assurance(Revenue Assurance,Fraud & Risk control Areas)
Mobilink GSM - A VIMPELCOM COMPANY
Total years of experience :20 years, 1 Months
• Financial and Operational Risk Alerts for Management committee, various initiatives taken to protect Mobilink’s Interest and implement sound business controls to avoid risks.
• Margin assurance: Designed model for end to end commission assurance that resulted in billion rupees of cost saving to Mobilink.
• Develop end to end collection model for management visibility and to build inherent controls over payment vs. receivable of franchises and business centers nationwide, that ensured harmony of financials across all business points. This systemized procedure provides me an honor with two recognition awards by HODs in consecutive quarters of 2011.
• Effective Reconciliation of airtime-payment channels (EVC, OTAR, and Valista) between source systems (eFICs, Geneva, Siebel, Bank Rec Syst. & bank statements).
• Successfully managed and simplified monitoring platform for FOC (free-of-cost) transactions and visibility for management.
• Reducing payment anomalies by monitoring bounced cheques transactions of vendors and business partners by adoption principle of Detection, Investigation, Prevention and Correction.
• Ensure real time or close to real time realization of collections, true & fair aging reports.
• Minimization of business losses by managing audit & reconciliations among all financial systems.(Oracle financials, Geneva, Siebel, eFICS/BRS).
• Other Generic Assignments : Review, Assessment & Analysis(E2E).Profitability analysis(Models).Cost and benefits analysis(promos, packages, offers, discounts, free-of-cost, MNP assurance, etc).Automation, integration and continuous business process improvements.
• Provide feedback to ‘Office of Strategy management’ to safeguard Mobilink's interests, values and suitability assurance. Requirements related to business assurance and project efficiency.
• Preparation of monthly performance report including financial reports(GSM & WiMax) for corporate accounting and group reporting that directly monitors receivables like (Geneva financials transaction summaries, Age debt and provision) .
• Processes review & input for various projects like FMS Phase-II, Waseela bank /MFS, IBM-Cognos BI reporting project, Oracle CM Module, New POS for organization and
Oracle ERP up-gradation to EBS-R12.X and further coordination & liaison with all stakeholders to ensure KPIs are met.
• Monthly and weekly Dash board reporting for management visibility.
• Coordination to comply SOX requirements.
•Motivated and trained primary stakeholders enhanced higher management confidence over implemented internal control and to ensure that its collective need to reduce process variation & timeliness, enhance profitability through efficiency and productivity.
•Increased client support to 24 hrs by optimum utilization of available human resources and local and international time management.
•As a result, our outsourcing division attain 200% annual growth in 2009/2010 and majority or almost 90% activities outsourced from Los angles to local company(Ovex Technologies) in Pakistan.
•Supervised and managed daily accounting functions from timely recording of transactions to preparation of financial statements. Reporting to higher management and Group’s management.
•Responsible for routine Treasury management functions and cash management, liaison between California republic bank, Wachovia commercial bank, vendors and managers of collections and revenue.
•Preparation of intercompany reconciliations, summarizing working capital loan, accruals and amortizations schedules .
•Attained a honor to Implement complete accounting system for new associate concern : Enpointe Global services.
Major recurring assignments
•Handling a range of end to end B2B, B2C, C2C & B2G Processes including GL, accruals, Journals, Reconciliations, Fixed assets, Reporting & Consolidations.
•Profitability analysis of customer’s:Top25.
•Statutory, Annual and Quarterly accounts.
***Internal audit and SOX compliance
•Analyze existing policies and procedures to assess level of risk and gaps in control system, initiative to mitigate risk and reduce gaps, provided recommendation on improvements to mitigate controls and financial risks.
•Analyze data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with laws, government regulations, and management policies or procedures.
Over all responsibility and reporting to higher management of Project’s Revenue recognition and assurance. Provided 100% service excellence to management for receivables process re-engineering as a result major projects outsourced to back office.
Assured accounts receivable adjustments including all natures of direct credit & debit notes.
Checked Accuracy and existence of Customer and Enpointe’s tax liability.
Assurance of cost recognition including inventory and vendor invoice (GR/IR) booked by payables team.
Assured the processing of correct receivable by team and reconciliation from systems general ledger report (ZGLD) and bank statements.
Reporting on Returns Merchandizes (RMA) audits to ensure that correct quantity, cost, etc of returned goods receipt is being booked by RMA team. Avoid 90% mal practices in the process.
Analyzed inventory reports (Plant-11) to ensure that goods delivered by MIS System(SAP) is actually invoiced or not. Good issue not invoiced (GINI) analysis and report to management regarding revenue assurance.
Weekly analysis of invoicing register and check cutoff by payables team and participation in the budgets preparation with sound inputs.
Support and training for SOX compliance includes: SOX matrices and risk categorizations.
-management accounts reporting for receivables,
-Provision and bad debts reporting
-revenue realisation and deferred revenue booking
-training, customer management in oracle financials
-billing and AR module management.
Telco Vice :Overview -Making Fraud investment Equal Fraud protection -OSS Fraud Forensic Controls -BSS Fraud Forensic Controls -Interconnect Fraud -Roaming Fraud Tests passed for certification from 9 Jan2012 to 13th Jan 2012.
top position in 3rd semester , overall CGPA is 3.48/4.00
Top position in Bcom part1 Top pisiton in Bcom part2 at Punjab college of commerce Rawalpindi.