Farwa Batool

Manage financial and administration teams to achieve company financial goals.
Develop the overall corporate financial goals and objectives.
Oversee preparation of financial records related to general ledger, payroll, budget, expense, etc.
Assist in account receivable and payable activities.
Maintain accurate bank records of cash withdrawals and deposits.
Follow standard accounting process for financial analysis and reporting activities.
Evaluate existing accounting system and recommend improvements if required.
Assist in developing and managing budgeting system.
Perform account reconciliations and generate financial reports.
Identify and resolve invoicing issues, accounting discrepancies and other financial related problems.
Manage all client accounts for payment settlements.
Track and monitor resource needs and other material needs for carrying out financial and administration tasks.
Monitor and manage expenses within allotted budgets.

1-Reporting & Financial
Preparation of interim and annual financial statements and ensure compliance.
Preparation of budget and management report.
Cashflow management.
Finalization of accounts and matters relating to statutory requirements with external auditors
Supports budget and forecasting activities.

2-Accounts Receivables & Payables
Weekly review of accounts receivables and discussion with credit and sales department.
Manage working capital requirement to satisfy both maturing short-term debt and upcoming operational expenses.
Review commission calculation of all types of insurance i-e Group Life, Group/Medical, Motor, General and Individual Life (Indemnity Commission Structure).
Ensures adequate liquidity to meet the organization's financial needs.

3-Reconciliation & General Ledgers Accounting
Review all types of Broker insurance agreement i-e with Insurance Companies, Re-Insurance Companies or Banks.
Reconciles financial discrepancies by collecting and analyzing account information
Liaison with operation department & accordingly corresponding with Clients, & bank.
Ensure monthly processing deadlines are met as required

4-VAT Accounting;
Filing VAT return as per FTA rules & regulations.
Prepare and review tax calculations, estimates and reports accruals
Manage tax compliance, reporting, and filing works for the Entity
Ensure timely and accurate filing of VAT returns
Liaise with tax authorities and provide tax audit support for the Entity

5-Audit and Finalization
Manage the external auditors and professional consultants for routine and ad hoc assignments.
Collect and analyze data and key indicators to detect deficient controls, duplicated effort, extravagance, fraud, or noncompliance with laws and management policies.
Evaluate and report audit findings. Recommend changes to correct unsatisfactory conditions, improve operations, reduce costs, and ensure compliance with applicable requirements
Heading up monthly salary transfers through WPS.
Other duties assigned by the management on time to time based on their requirements

Accomplishments & Assignments

Perform account reconciliations
Monitor customer’s account details for non-payments, delayed payments and other irregularities
Prepare Maintain aging receivables & weekly report to management.

Communicate with customers via phone, email,
Verifies individual customer’s ledger by reconciling statements and transactions.
Resolves discrepancies by identifying issuing stop payments, partial payment, or adjustments.

Contributes to team effort by accomplishing related results as needed.

Accomplishments & Assignments
Area(s) of experience: Specific area’s and other tasks execute in following areas.
Receive & verify invoices & requisition for goods & services received.
Raise invoices &follows up with clients &corresponds as require.
Prepare, Maintain & weekly report of debtors & creditors to Director
Liaison with operation department & accordingly corresponding with Clients, & bank.
Maintaining Ageing reports and follow up debtors/creditors for Payment.
Reconciliation individual ledgers by recording & updating.
Maintaining Payment/Received schedule.

Book keeping - preparation of vouchers to Trial balance.
Preparation of Bank Reconciliation Statement.
Document management and general administration.
Other company Operations and HR related work

Operations Officer:
1. Facilitating customers in most convenient way that makes clearing Operations more effective with respect to customer preferences.
2. Handling and monitoring of input processing of Inward/Outward clearing instruments.
3. Managed and organized daily activities related to clearing operations

Foreign Trade Department (3 Months Internship):
1. Scrutiny of LC Documents and there lodgment through system input processing
2. Initiate by Establishing Letter of Credit.
3.Creation and adjustment of finance against settlement of issuance of bill.
4. Preparation of E-Memorandum and keeping schedule of repayment of customer availed loans.
5. Providing the assesibilty report and performance of each customer to SBP on every Fiscal year to ensure the Feasibility of customers future business.
6.Ensuring compliance with Central Bank SBP and other regulatory requirements.