Arslan Asghar

I am performing my duties as a Business Analyst at Dubai corporate office of Afaq al Etimad, my daily task mainly comprises of the following

a) Performing Business and financial analysis with recommendations for achieving the operational excellence in different business units.
b) Designing various reports for business intelligence along with recommendations of remedial measures.
c) Supporting the finance and operational team in day to day analysis.
d) Preparation of the monthly Management Accounts.
e) Consolidating the monthly MIS reports received from various geographical locations.
f) Presentations regarding the business performance to senior management and stakeholders.
g) Recommending, implementing and analyzing the staff incentive pay out schemes.
h) Eliminating the anomalies in business data from various systems / sources.

MIS & Data Analysis:
a) Collection and compilation of data from various sources/systems; preparation of periodic reports for management on timely basis. Investigate reporting anomalies and segment reporting issues to ensure accurate and timely submission of reports. Continuous improvement in the existing reporting mechanism to enhance efficiency;
b) Design MIS reports to track loan impairment on a regular basis.
c) Generation of alters/ variance analysis reports for key performance indicators of deposit & loans and coordinate with branches / areas for early mitigation;
Portfolio Monitoring
a) Review/ analyze the overdue accounts, collections efficiency, and concentrations, recoveries made against write-off cases, re-scheduling/ re-structuring, exceptions, write-offs etc to propose recommendations for improvement.
b) Carry out product wise/region wise analysis of overdue accounts coordinate with branch/area teams for implementation of corrective measures taken to improve portfolio quality.
c) Regular monitoring of district/sector level target set by regulatory authority / managment.
Reporting & Other Responsibilities:
a) Responsible to provide/consolidate and submit reports/data as per prescribed formats to regulators/other stakeholders as per defined frequencies and/or as and when required.;
b) Assist in developing, & implementing all incentive plans (credit, deposits & insurance). Preparation and verifications of incentive payout.
c) Establish database / coordination to ensure rotation, training & annual leave plan of the network staff.
d) Assist in review of CBS reports, escalate system changes where needed to meet the business analysis objectives.
e) Keep proper records of reports/correspondence ensuring safe custody and maintain day to day discipline as per approved policies & procedures of the bank. Any Other tasks assigned by supervisor/Manager.

Accounting Compliance Reporting:

a) Preparation of Bank reconciliation statements
b) Assisted in the preparation of financial statements in accordance with International Financial Reporting (IFRS) and international Accounting Standards (IAS)
c) Standards and support of underlying accounting records. Ensuring that the information is adequately disclosed in the notes to the accounts
d) Assisted in Interim Financial Reporting with support of underlying accounting records

Audit and Assurance:
a) Examine and control vouchers, or proceed with posting
b) Check the correct balancing of accounts receivable and payable
c) Perform bank reconciliations or audit
d) Planning, understanding the entity, determining materiality
e) Monitor the cash situation and make forecasts
f) Assist clients on their choice of accounting information system and on handling of information
g) Plan the operations leading to the auditing of annual accounts
h) Perform due diligence/ Health check as per the planning memorandum• Analyze certain items (e.g. fixed assets, salaries)
i) Prepare/conduct the closing of accounts
j) Prepare the financial statements, comments and recommendations
k) Complete the audit file
l) Assist in review engagements
m) Identifying company status as a going concern, subsequent events and confirming opening balance.

Direct Taxation:

a) Preparation of Computation of Income Tax Liability (for Individuals and Companies).
b) Preparation of annual corporate income tax return on the basis of audited accounts and filling the same on the web portal of FBR.
c) Preparation of individual annual income tax returns and filling the same on the web portal of FBR.
d) Responding to the queries raised by the individuals relating to various tax matters
e) Preparation and finalization of Appeal documents for the appeals before the Commissioner (Appeals) and Appellate Tribunal Inland Revenue (ATIR) against orders passed by tax authorities under different sections of ITO’2001.
f) Preparation of replies and reconciliations of various items of financial statements on request of taxation authorities in their notices and to support our contentions in the correspondence with the FBR.
g) Recognition of retirement funds under ITO’2001.
h) Coordination regarding various issues with FBR.
i) Preparation of Income tax withholding certificates.
j) Withhold income tax from salary payments on a monthly basis and depositing the same in the Government Treasury