Asif Bhundi, Manager Finance Accounts

Asif Bhundi

Manager Finance Accounts

Rastgar and company Pvt Ltd

Location
Pakistan - Karachi
Education
Bachelor's degree, Business Administration & Commerce
Experience
36 years, 9 Months

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Work Experience

Total years of experience :36 years, 9 Months

Manager Finance Accounts at Rastgar and company Pvt Ltd
  • Pakistan - Karachi
  • My current job since March 2023

Finance Manager - Karachi (20 Mar 2023 to Till Date)
➢ Managing all Govt. taxes, duties, levy & etc
➢ Producing financial reports related to Group budgets, account payables & receivables, expenses etc
➢ Review financial data and prepare monthly and annual reports
➢ Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all
operations are within budget
➢ Analyzing actual service costs and preparing periodic reports comparing standard costs to actual
service costs and business processes
➢ Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and
other transactions
➢ Provide different report as per requirement of management

Finance Manager at Gulf Fabrics
  • Pakistan - Karachi
  • June 2015 to March 2023

Finance Manager - Clifton Karachi (June 2015 to Till date)
 Manage the preparation of the company Budget.
 Producing financial reports related to budgets, account payables, account receivables, expenses etc.
 Review financial data and prepare monthly and annual reports
 Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary
 Prepare and post monthly accruals, prepayments and similar accounting entries.
 Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions
 Reconciliation of Banks Accounts
 Verification of the pricing calculation in invoices and review, reconciliations with the client’s ledger and sales control ledger
 Provide different report as per requirement of management
 Preparation of aging analysis of receivable and payable on the time basis

Self Employment - Professional Banking at M/s H.H.H Services
  • Pakistan - Karachi
  • January 2008 to May 2015

1.Financial Consultant (Fund Managers and Fund Management Services)
2.Property Consultant (Real Estate Services and Providers)
3.Banking Consultant (Professional Banker)
4.Insurance Consultant and Social Worker (House, Car, Life Insurance)

Operation Manager at Faysal Bank Limited (Karachi – Pakistan)
  • Pakistan
  • October 2005 to November 2007

Operation Manager / AVP in Jodia Bazaar & Cloth Market Branch Karachi - Pakistan
Purpose:Efficiently and effectively manage, handle and supervise all operational functions of the branch in line with the applicable rules, procedures and controls
Principal Accountabilities
Operational:
Managing supervising and handling day-to-day branch operational functions related to area of Cash, Customer Account, FDRs, SWIFT, Remittance, Account (FCU), HR, Credit Administration, Foreign Trade and Guarantees, Lockers, I.T., ATM, General Communications and Security.Review of general ledger, all suspense accounts, Inter Branch Nostro accounts. critical system reports Joint custodian of vault and safes stationeryReporting and coordination with CPO Head for adherence to and development of SOPs
Compliance:Positive internal audit rating with low incidents of audit objections Complete adherence to SOPs and its periodic review for suggesting changes in policies and procedures Full compliance with SBP and other regulatory requirement ( KYC, AML, and customer complaints, etc)
Management: Recruitment of appropriate and requisite staff as per approved organization chart in coordination with Branch/Area Manager, Enhancement of staff skills through training and job rotation, Optimization of staff productivity high morale and low turnover of staff Educate the staff regarding operational controls and procedures
Documentation:Timely submission of all SBP reports to avoid penalty, management reports, Secured custody of security stationery, duplicate keys, charge documents, etc
Planning and Controls: Ensure proper controls and check are in place and stringently followed (including proper segregation of responsibilities/authority and system access rights) Desired cost efficiency to be maintained Timely rectification of audit observations, Improve service standards of the branch to achieve low incidence of complaints related to services issues fro customers

Operation Manager at KASB Bank Limited (Karachi – Pakistan)
  • Pakistan
  • December 2003 to September 2005

Operation Manager in Jodia Bazaar Branch - Karachi - Pakistan (Sept ‘04 to Sept’ 05)

Head of Foreign Trade in Main Branch - Karachi - Pakistan (Sept ‘04 to Sept’ 05)

Purpose : Efficiently and effectively manage, handle and supervise all operational functions of the branch in line with the applicable rules, procedures and controls

Principal Accountabilities or Key Roles:

Operational, Compliance, Management, Documentation, Planning and Controls, Problem Solving & Service, Other Responsibilities from Management

Officer at Oman International Bank SAOG
  • Pakistan
  • April 1996 to December 2003

Foreign Trade Department (Aug’ 01 to Dec ‘03)
Opening Letter of Credit, Import Document Checking, acceptances, monitoring of maturities and payments, Preparation of all Trade related messages on SWIFT System,
Export Letter of Credit Advising and E-Form Certification, Lodgment and Realization of Export documents, Negotiation of Export Documents
Export Refinance Part-II., verification of EE-Form, EF- Forms from SBP and monitoring of Export performance.
Opening of Guarantee, Amendment, after issuance of enquiry for confirmation, monitoring of guarantee expiry and sending reminder letters
Time to time Enquiry for Reporting section SBP, Full compliance with prudential regulation, Foreign Exchange Manual SBP and UCP other regulatory requirement.

Customer Services (Jul ‘00 to Jul’ 01)
To ensure that good quality and complaint-free service is provided to customers, Sales & Purchase travelers Cheque and Traveling Quota Issuance, New Account Opening & Closing, Local & Foreign Inward & Outward Remittance, All Transaction Supervision pertain to Operation Department, Issuance and Payment National Saving Certificates Registered & Defense Saving Certificate & Related Commission Claim with SBP, Issuance and Stock Keeping for Security Stationery, Issuance Pay-Order, Demand Draft, Full compliance with SBP and other regulatory requirement (including account opening, KYC, and customer complaints, etc)

Cash Department (Apr ‘96 to Jun ‘00)
Head Teller, Ensure that good quality and complaint-free service is provided to customers, Quick disposal of customers at cash counters, Ensure that cash held on premises and tills is within insurance limit, Ensure accurate balancing of daily cash, Issuance/encashment of travelers cheques/foreign monies, Processing of Inward & Outward Clearing, To arrange cash local and foreign currencies from SBP and other Banks, Export Foreign Currency Notes, Strict compliance of rules and regulations of SBP and other agencies,

Chief Cashier (Officer) at Prudential Commercial Bank Ltd
  • Pakistan
  • May 1995 to March 1996

 Chief Cashier, Arrange Cash Local Currencies from SBP & other Banks, Local Remittance, Fixed Term Deposit Certificate Issuance,

Officer at Pan African Bank
  • Pakistan
  • July 1991 to April 1995

 Customer Services, Account opening, Term Deposit Certificates, Inward & Outward Clearing, Remittance, and Cash handling.

Assistant at United Bank Limited
  • Pakistan
  • July 1987 to June 1991

 Inward & Outward Clearing, Remittance, Posting CD & PLS Register, Daily Cash Book and Cash handling

Education

Bachelor's degree, Business Administration & Commerce
  • at Karachi University
  • February 1990

 Bachelors of commerce in the Faculty of Business Administration & Commerce from University of Karachi held in 1990 having been placed in Second Division

High school or equivalent, Commerce
  • at Government Premier Collage
  • December 1987

 Higher Secondary Certificate “Commerce” from Board of Intermediate Education Karachi held in the month of December 1987 having been placed in Second Division.

High school or equivalent, General Group
  • at Memon Secondary School
  • March 1985

 Secondary School Certificate “General Group” from Board of Secondary Education Karachi held in the month of March 1985 having been placed in Grade “B”

Specialties & Skills

Insurance
Banking Operations
Trade Finance
Cash Management
Retail Banking
Attended the training program entitled “Negotiable Instruments and Their Regulatory Compliance” IBP
Attending the session on “Performance Management” Conducted by Mr. Khalid Maqsood
Attending a 1day training workshop entitled “TEAM ONE” Facilitated by Mr. Adnan Butt & Mr. A Sattar
Attending the session on “Prudential Regulations” Conducted by Mr. Murtaza Y Rizvi
Attended the session on “Introduction to Islamic Banking & Finance” Conducted by Mr. Mujeeb Beig
Real Estate
planning
analysis
auditing
accounting
annual budgets
team management
sales tax
payroll
purchasing
purchase accounting

Languages

English
Expert
Urdu
Expert
Arabic
Beginner

Memberships

Dreamworld Resort
  • Member
  • November 2008

Training and Certifications

Enhancing Productivity Motivation (Training)
Training Institute:
Fauzia Kerai Khan Chief Consultant I & B Training –e- Learning Consultant
Date Attended:
July 2007
Prudential Regulations (Training)
Training Institute:
Faysal Bank Ltd
Date Attended:
August 2007
TEAM ONE (Training)
Training Institute:
Learning Works – UAE
Date Attended:
August 2006
Performance Management (Training)
Training Institute:
Faysal Bank Ltd
Date Attended:
August 2006
Pen power of professionals (Training)
Training Institute:
Faysal Bank Ltd
Date Attended:
February 2007
Negotiable Instruments and Their Regulatory Compliance (Training)
Training Institute:
IBP
Date Attended:
April 2005
Branch Compliance (Training)
Training Institute:
Faysal Bank Ltd
Date Attended:
July 2007

Hobbies

  • Cricket