Financial Advisor
Self Employed
Total years of experience :28 years, 1 Months
Currently, I am running a management consulting practice. We help our clients to address their most critical issues and to position them for opportunities and growth.
We help re-organise, innovate and transform businesses by identifying and tackling core issues to drive the necessary change in a fast and impactful way. Our service basket covers:
ϖ Audit and Assurance Services
ϖ Taxation Management Services
ϖ Corporate and Secretarial Services
ϖ Financial Advisory Services
ϖ Outsourcing Services
Rajby is one of the leading players in the Denim Textile and Apparel Industry of Pakistan with significant presence all across the world with offices in France, Germany and USA. Rajby has state of the art machinery and employee strength of more than 8, 000.
My current role is to lead and manage the "Internal Audit function" and to ensure that it provides an independent assessment on the adequacy of internal controls and systems, including the systems for appropriate identification and evaluation of risk, ensuring compliance with all applicable laws and regulations. Moreover, to draw any weaknesses or shortcomings noted, to the attention of senior management & BOD.
International Textile is a premier global corporation with its corporate office in Karachi and North American office in Houston, Texas (U.S.A.). The company has extensive manufacturing operations in Pakistan, employing a staff of three thousand people. It exclusively exports a wide range of textile products to the institutional, hospitality and healthcare industries in the U.S., Canada, and the Australian markets.
As a member of the senior leadership team, I had a strategic role in the overall management of the organization. Overseeing & supervising the entire accounting, audit, income tax, payroll, treasury & vendor relations functions. Performance measures that support the organization's direction. Providing leadership in development and continuous evaluation of the organization's financial objectives. Formulating financial & tax planning strategies. Apart from managing the overall accounting and finance functions of the company, I was involved in finalization and implementation of Finance and Costing module of SAP (E.R.P.) in the company, in the capacity of steering committee member, and process owner of finance function.
After joining the company in 2005, while addressing the pressing concerns that the company was facing, I took the initiative that the company should have a full time Internal Audit function, that should report to the Chief Executive. In February 2008, I was assigned the task of forming the team and running the department in its entirety alongside my position as the company C.F.O. Accordingly, I assumed the additional responsibilities of Head of Internal Audit function, which continued for six years.
As the Head of Internal Audit function, I selected the entire teams, for both manufacturing locations and the head office. Prepared the audit strategies and working guidelines for the teams and supervised the activities of this department and reported to the CEO, regarding the control weaknesses, suggested courses of actions to mitigate risks and improve the processes.
I was involved in finalization of financial statements of the business units and consolidation of those financial statements. Compliance with statutory reporting requirements. Finalization and detailed analysis of various management reports to appraise performance of each business entity / accounting unit. In depth study of the policies / procedures / accounting techniques used by the group and suggesting changes / improvements for effective use of those procedures / techniques and methods.
Corporate Taxation Services
I was part of the team that was responsible for tax compliance and consulting services to international and local clients, including preparation and filing of income tax returns and assistance to the clients with representation before the tax administrative authorities in respect of audit of income tax returns. Preparing professional opinions, conclusions and recommendations for the clients and their queries on various tax issues / transactions with reference to the latest judicial pronouncements, wherever required. Advising the clients on interpretation of various contentious tax issues contained in the return with potential tax exposure.
Completed four years' mandatory audit training period of article-ship in September 2001 under the Chartered Accountants Bye-Laws in Pakistan. Scope of work and responsibilities included planning and developing the audit strategy. Review of financial statements to ensure compliance with various disclosure requirements of IFRSs and local regulations. Formulation of conclusion and reporting to audit managers and engagement partners and liaison with client management. Audits and assignments were carried out in accordance with the local statutory requirements, and KPMG Audit Process / GWP approach, which are uniformly used by all KPMG offices throughout the world.
Qualified Chartered Accountant