Consultant
Saleem Associates & Co
Total years of experience :15 years, 3 Months
• Cost accounting for reporting and pricing purposes.
• Interact with company and client managers and perform cost/schedule monitoring
• Coordinate with technical staff to understand business requirements, specifications, and processes
• Analyze complex data and identify patterns, recommend actions, and measure outcomes
• Maintain technical responsibilities, which include problem identification, implementation, testing, client training, and solution deployment
• Implement Cost accounting for reporting and pricing purposes & Controlling costs and outside risks.
• Work closely with the managers and technical team to price out project budgets and develop cost proposals
ABM InfoTech (Pvt.) Ltd
Key Achievements:
• Played a key part to update the missing data into the software to record the purchase or cost against sales.
• To co-ordinate with software developer to generate customized reports for the purpose of management decision making.
Key Responsibilities:
• To prepare Projected Profit & Loss of ongoing pipeline Local & Foreign Projects to forecast the margin on each project.
• To prepare Projected Cash Flows of ongoing pipeline Foreign projects to forecast the liquidity of each project.
Estimated cash inflows from licenses & hardware delivered and Local support services etc.
Estimated cash outflows for Local purchase and Import of Licenses & Hardware, Import Duties, Taxes etc.
• To prepare Receivable Matrix with Cost Report to determine the funds available for utilization from current projects.
• To prepare Cost wise sales report to determine the Gross profit and profitability on all projects during the year.
• To prepare Receivable Matrix Report with aging to point out the over-aged receivables and estimated bad debts.
• To prepare Payable Matrix Report with aging to determine effectiveness of payable management strategies.
• To prepare daily cash flows of parent and subsidiary companies to determine the liquidity of the organization & group.
• To prepare Funds Planning and Budgeted Cash Flows to forecast the liquidity position of the organization & group.
• To prepare Comparison b/w Actual and Budgeted cash flows and reasoning of unplanned payments and receipts.
• To reconcile cash flows balance with the bank balance to determine the un-reconciled transactions.
• To reconcile the statement of Finance Facilities of LCs and Running Finance to determine allowed limit, utilization and available balance and overall financial leverage of the organization.
• To prepare Lease Schedule and update the finance charges in the schedule and reconcile balances with Ledgers.
• To prepare the working of Finance charge on Finance Facilities using Pricing of three-month KIBOR +Spread.
• To maintain the Fixed Assets Register to keep track book value of assets and depreciation.
• To prepare Final Accounts to determine the overall financial position of the organization.
Key Achievements:
• Played a key part to revamp successfully the reporting structure of Funds Planning after applying proper mechanism and
controls to meet reporting criteria and compliances.
• Successfully streamline the timeliness of reporting of weekly and monthly Funds Planning and cash flows.
Key Responsibilities:
• The preparation of weekly and monthly Funds Planning for Management’s decision making :
Estimated cash inflows from Operating Activities for ongoing pipeline and new orders and Non-Operational Activities i.e., Pledge in /CF, Running Finance, borrowings from Related parties etc.
Estimated cash outflows for Local purchase and Import of Raw Material, Energy cost, Import Duties, Taxes, Payroll, Other Overheads, Legal charges, Repayment of loan to Financial Institutions, Lease Rentals, Finance and Bank charges. Non-Operational Activities i.e., De pledging.
• Preparation of Comparison b/w Actual and Budgeted cash flows and reasoning of unplanned payments and receipts.
• The preparation of daily cash flows.
• The Preparation of product cost, Material, Labor & Overheads. Cost of goods manufactured and Cost of Goods Sold.
• The working on Standard cost standards for materials and labor, manage the budgets around all costs & cost variance.
• The reconciliation of raw material, work-in-progress & finished-goods, inventory-related journal entries at month end
• Conducting analysis of all costs and ensuring all costs are identified and recorded accurate.
• The Preparation of statement of Finance Facilities of: FATR, LCs (sight), DA allowed, FIM, C/F and Running Finance; allowed limit, utilization and available balance.
• The working of Finance charge on Finance Facilities using Pricing of six-month KIBOR +Spread.
• The Preparation of Lease payment Schedule and reconcile balances with Ledgers.
Key Achievements:
• Played a key part in determination of Sales Tax liability after taking into account output tax liability and input tax claim.
• Proper updating of lease schedules of all finance leases and got confirmation of long & short term liability from leasing
organizations at the annual audit of 2014.
• Successful yearly true up of markup and loan accounts at the annual audit of 2014.
Key Responsibilities:
• The working of Sales Tax liability (Output, Input, Withholding, & Federal Excise Duty) & e-filing of Monthly returns
• The Working of Withholding Income Tax deducted on Salary (u/s149) and payment to vendors (u/s 165) and e-filing of
Monthly and Annual returns.
• The correspondence with consultants (AF Ferguson) for Income Tax and Shekha & Mufti for Sales Tax regarding the
matter of compliances and notices.
• The correspondence with Tax Authorities regarding the issues of e-filing or e-supports.
• The markup working based on KIBOR plus spread on Running Finance facilities (RF) from banking institutions&
Intercompany loan and entries in the system on monthly closing.
• Generated customized reports to assist in strategic planning whilst outlining data verification methods to assure
compliance with standard system procedures.
• The preparation & update the Lease Schedules of Finance Lease and reconcile the Rental payments and balances with ledgers. Update the finance charges in the schedule.
• To record the finance charges of Lease through uplift finance charges JV on monthly closing.
• To handle the matters of Payroll from preparation of reconciliation to the bank transfer of salaries and record the salaries
expense through uplift of Payroll JV in the system on the monthly closing.
• The correspondence with bank to issue, extend or cancel existing Bank Guarantee (BGs) and monthly position of BGs to
corporate (Bangalore, India).
• The preparation of weekly actual and forecasted cash flows and daily bank position for corporate.
• The bank reconciliation statements as on month end closing.
• The disbursement of Provident Fund Contribution and loan to employees.
• The preparation of other monthly schedules.
• Preparation of Funds Position of Running Finance Bank A/c’s.
• Forecasting of Financial Position of Company on Monthly Basis.
• Preparation of Markup on Running Finance A/c’s.
• Prepare reasoning and analytical reports for the over utilization of Running finance limit
• Overseeing the detailed debtor’s & Receivable management activities of Company.
• To ensure that all the debtors are accurately reported in company accounts.
• Review of Bank Reconciliations.
• Performing detailed working and handling the correspondence for the withholding tax with tax department and vendors.
• Managing the issues of reconciliation of purchases of local & imported Cotton.
• Assisting the Finance Manager in preparation of Profit & Loss Statement, Balance Sheet and Cash Flows.
• Working on Oracle Based Accounting Software
• Preparation and submission of different reports as per manger requirements.
• Performing detailed working & handling the correspondence for the withholding tax.
• Preparation of Vendor Payment List & Vendor Payable List for budgeting and management decision-making purpose.
• Working on ERP (Great Plains) based accounting software.
• Working on credit card & cash deposits through sales reports & credit cards cheques.
• Assisting the Finance Manager in preparation of Profit & Loss Statement, Balance Sheet and Cash Flows.
All the works which an internee performs in the organization.
Two Papers are remaining to qualify CMA.
