Chief Accountant
Ali & Son Marine Engineering Factory
Total years of experience :14 years, 3 Months
Preparation of monthly Financial Statements as per (IAS andIFRS) at each monthend comparative with budget and forecast. Explaination for the differences.
Preparation of Cash Flow Forecast as per management requirement
Preparation of yearly budget
Preparation of special and analytical financial and special report as per management requirements
Reviews the payment vouchers and accompanying reconciliation with suppliers' SOA, invoices, LPO and other required documents
Ensures all related party debit/credit notes are received or issued and properly booked;
Monitors processing of payments for payables, final settlement and other payments.
Monitors collection of receivables as counter-checked in the bank statement and coordinated by AR Accountant
Ensures accrual to suppliers are properly matched with Invoices received, and any discrepancy to be coordinated with the suppliers
Review bank instruction letters for payment transfers and internal fund transfers
Reviews and verifies payroll sheet and accompanying attendance report, Staff Receivables report,
Performs the entire process of opening Letters of Credit as required by Commercial or Purchasing Dept.; process amendments, extensions if necessary
Coordinates with the bank for the LC process and monitors the entire LC cycle
Process all types of bank guarantees as required by various departments
Maintains records of LC's and bank guarantees; monitoring expiry and maturity/value dates for payments
Monitors cash/check deposits and petty cash fund;
Handles all bank-related matters and monthly bank position as required by H.O.
Ensures all Formal Bank reconciliations are made.
Assist the Chief Accountant in interfacing, transfer of costs to relevant GL accounts and other tasks related to the preparation of Financial Statement
Assist the Chief Accountant in interfacing, transfer of costs to relevant GL accounts and other tasks related to the preparation of Financial Statement
• Preparation of annual financial statements as per International Financial Reporting Standards (IAS and IFRS).
• Liaisons with external auditors, responding their queries and resolving the issues to get the company accounts audited within the group deadlines.
• To improve the quality of financials by monthly reconciling customers, suppliers, banks, inter companies and other control accounts.
• Budgeting and forecasting with periodical controls, Variance Analysis, Management Reporting and compliance assurance with complete understanding of the Joinery Business, including range of products and processes involved..
• Ensuring financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
• Assisting Finance Manager for ground working for the preparation of Annual Master Budget of the company.
• Monitoring of projects costs, progress billings and contract variations, preparing actual vs budget analysis and updating project cost forecasts on monthly basis to present to Finance Manager.
• Preparation of project and entity level cash flow forecasts and their subsequent monitoring.
• Worked in a team of 7 Accountants in a professional and friendly environment and verifying the junior’s work including checking of all types of vouchers and other data entries.
• Managing the relationship with the banks and financial institutions, keeping under review the compliance with covenants of facility/loan agreements and regularly assist the Finance Manager on the long term financial planning, financing and re-financing decisions of the company.
• Preparation and maintenance of Fixed Asset Register with a comparative status to the capital investment budget
• To produce and monitor company’s various cash flow forecasts including rolling cash flow forecasts to keep the company away from liquidity problems.
Preparation of audit working papers.
Preparation of lead schedule and vouching sheets
Collecting and assessing the appropriateness of vouchers
Presentations of audit file to the senior audit manager.
Major clients audited.
Wah Nobel private limited.
Pakistan railway advisory council.
Union local loop private limited Lahore.
Treeahouse pvt ltd..
Assist in calculation, consolidation and documentation of book-tax differences.
Assistance with computation and documentation of quarterly tax provision
Handling of Petty Cash, All types of Voucher entries into the system.
Booking of supplier invoices and their subsequent reconciliations, preparation of suppliers cheques.
Receivable management, booking of payment applications and Subcontractors accruals.
Booking of depreciations and amortizations of prepayments.
Imprest/Advance accounts and Bank Reconciliations.