Financial Analyst
Quantum Enterprise LLC
Total years of experience :10 years, 8 Months
• Preparation of monthly, quarterly and annual consolidated financial statements, management accounts and Reports.
•Preparing annual budgets and forecasts for all the activities of the Company and actively monitors performance and adherence to budgetary targets including management reporting with variance analysis, proposals for corrective measures and decision support.
•Ensure maintenance of accurate and up to-date books of accounts and accounting records in accordance with the accounting policies and Compilation of financial statements in compliance with IFRS’s, IAS’s and other applicable laws.
• Perform regular reconciliation with Bank statements on monthly basis for six different bank Accounts . Processing Forms and Docs for Bank Guarantees and LCS as per the requirements of projects.
•Prepare & Submit Quarterly VAT return in the FTA portal after ensuring that all numbers and documents are within the scope of Law(E.g. Preparation of FAF Files forInput+outputVat Recording RCM on import purchases Reconciling the RCM figures with our ledger and FTA Portal.)
•Preparation of projects feasibility reports on the bases of reports provided by Estimation and sales department. Further compare it with any available historical data and report it to the concerned departments.
•Forecasting the monthly, quarterly and annual cash flow considering all projected activities. And take necessary steps to avoid any deficit projected.
• Review and approve revenue recognition of contractual revenues as per IFRs 15 and ensure proper recognition in financial statements.
• Provide leadership and direction to the accounting team, oversee all aspects of the finance and accounting functions of the organization.
• Preparation of monthly, quarterly and annual consolidated financial statements, management accounts and Reports.
•Preparing annual budgets and forecasts for all the activities of the Company and actively monitors performance and adherence to budgetary targets including management reporting with variance analysis, proposals for corrective measures and decision support.
•Prepare & Submit Quarterly VAT return in the FTA portal after ensuring that all numbers and documents are within the scope of Law.
• Preparation of monthly Manpower report, which includes processing the payroll through WPS, Manpower efficiency reports and calculation of monthly accruals (End of Service, Vacation & ticket Allowance).
•Ensure maintenance of accurate and up to-date books of accounts and accounting records in accordance with the accounting policies and Compilation of financial statements in compliance with IFRS’s, IAS’s and other applicable laws.
• Perform regular reconciliation with Contractors Ledgers and Bank statements on regular basis and communicate with the relevant parties on matters identified.
•Forecasting the monthly, quarterly and annual cash flow considering all projected activities. And take necessary steps to avoid any deficit projected.
•Preparation of Weekly aged receivables report and ensure necessary steps are taken if needful.
•Liaison with External Auditors to ensure timely issuance of Financial Audit Reports.
•Review Petty Cash reconciliations prepared by associates staffs.
• Preparation of monthly, quarterly and annual consolidated financial statements, management accounts and Reports.
• Supports the Financial Controller with a wide variety of functions which include transactional processing, financial analysis, annual budget development and monitoring, cost allocation, monthly forecasts, program and annual audit support and the implementation of financial and compliance controls
•Ensure maintenance of accurate and up to-date books of accounts and accounting records in accordance with the accounting policies and Compilation of financial statements in compliance with IFRS’s, IAS’s and other applicable laws.
•Forecasting the monthly, quarterly and annual cash flow considering all projected activities. And take necessary steps to avoid any deficit projected.
•Preparation of Weekly aged receivables report and ensure necessary steps are taken if needful.
•Liaison with External Auditors to ensure timely issuance of Financial Audit Reports.
• Verify, allocate, post and reconcile accounts payable and receivable
Key Roles were:
▪ Audit Engagement planning and finalization of audits in accordance with International Standards on Auditing (ISA’s).
▪ Performing audit procedures required to verify various heads appearing in the Balance Sheet and Profit and Loss of different industries. I.e. Sales, Cost of sales, Liabilities, Assets, Expenses.
▪ Obtaining and evaluating the audit evidence obtained during the course of audit to ensure that sufficient and appropriate audit evidence is obtained to enable us to draw satisfactory conclusion.
▪ Performing test of controls and evaluating whether they are operating effectively and reporting any control deficiencies in Internal Control.
▪ Compliance with applicable statutory legislatures including The Companies Ordinance and Code of Corporate Governance.
▪ Preparation/Review of fixed asset register including unique identification code, date of purchase, description, useful life, residual value, depreciation method, location of asset.
ACCA - Chartered Certified Accountant
Intermediate I.com from BISE Gujranwala