Accounting Officer
Almarai Company
Total years of experience :14 years, 11 Months
Key Result Areas:
• Maintaining & handling regional accounts and meeting the all deadline requirements
• Facilitating higher management in preparation of annual budgets & other reports
• Preparing monthly reports and presenting the same to the management with financial statements
• Accountable for:
o Preparation of Statement of Comprehensive Income, financial Position and Bank Reconciliation Statement
o Verification of payment, payment to suppliers, Sales invoices and petty cash expenses.
• Administering provision and writing off bad debts
• Offering various overhead analysis reports to management for decision making
• Generating weekly & monthly wise sales report and forwarding the same to the group
• Ascertaining timely all posting receipt in DTMS (Debtor Management System)
• Administering & reporting ageing analysis and preparing commentary for management review
• Undertaking complex debtor’s reconciliations and following up overdue balances with the customer
• Assigning key customer balance related to different cost centre
• Identifying issues affecting the company's fixed assets and recommending the ways of resolving them
• Leading & supervising team for physically verification of assets and reconciling assets with ledger
• Maintaining track of collecting of WBS project costs into fixed asset account in SAP, closing those accounts once the related projects have been completed and entering fixed assets acquisition into the SAP
• Assisting subordinate for raising for disposal or transferred of RDTFA of assets
• Ensuring timely & accurate completion of AUC Analysis & Assets Ageing Report for management review and assisting with the budget development
• Analyzing assets & expense budget base on estimated route in different cost centre or region
• Performing reconciliation & ageing analysis and preparing commentary for management review
• Involved in processing region wise payment against rental premises
• Overseeing & monitoring payments of long term agreements with customers
• Creating audit schedules and resolving audit issues adhering to applicable procedures
• Carrying out Fuel analysis, Mobile & DEWA Bill Analysis for office and staff accommodation.
Accomplishments:
• Holds the credit of being Conferred with Best Employee of the Month in May’13.
• Successfully achieved 100% marks in FPRC audit review in Quarter 2, 2013 and in Quarter 4, 2014
• Essayed a stellar role in providing proposal for enhancement in SAP relating to fixed assets accounts
• Steered efforts in identifying & highlighting not performing assets (NPA) by using Variance analysis.
• Significantly contributed in implementing fixed assets procedures in Oman.
Key Result Areas:
• Facilitated advisory services on tax implications arising on various transactions undertaken by different companies under the provisions of Income tax, Sales tax, Federal Excise Duty and Customs Duty as applicable in Pakistan
• Evaluated income tax return and maintained the tax position summary
• Finalized the Income Statement & Balance Sheet and computed Taxable Income & Tax Liability
• Assessed the financial statement and identified significant matter highlighted in covering letter
• Worked on double tax treaties - International Assignees
Clients Handled:
• Manufacturing: Procter & Gamble Pakistan (Pvt.) Ltd., General Tyre & Rubber Company of Pakistan Ltd., Karachi Shipyards and Attock Cement Ltd.
• Power Generation: Karkey Karadeniz Electric Uretim (Pakistan) and International Power Global Development Ltd.
• Banking & Financial Institutions: Al Meezan Investment & Management Company
• Pharmaceuticals: Reckitt Benckiser Pakistan Ltd. and Genix Pharma (Pvt.) Ltd.
Key Result Areas:
• Understood & implemented controls to reduce risks such as observation at stock count, compliances with policies & system controls, etc.
• Carried out various assurance & non-assurance engagements in regards to public listed / non-listed companies, Pvt. Ltd. companies and financial institutions
• Assessed changes in final accounts/trial balance from last period(s), traced out and documented the reasons thereof
• Ascertained all material errors and omissions are identified & rectified in accounts preparation & presentation
• Offered business advisory and prepared aging of all outstanding balances
• Evaluated subsequent position and compared with the final account ratios
• Identified significant matters to be highlighted in management letter and finalized the financial statements
Clients Handled:
• Maxco (Pvt.) Ltd.
• Abaseen Construction Company (Pvt.) Ltd.
• First Credit & Investment Bank
• Transmission Engineering Industries Ltd.
• Data Steel Pipe Industries (Pvt.) Ltd.
• Digri Sugar Mills Ltd.
• Skill Development Council (Non Profit Organization)
• Safa Textile Mills Ltd.
Pursing CMA from Institute of Cost & Management Accountant of Pakistan