Ghulam Ali, Manager Accounts

Ghulam Ali

Manager Accounts

Captain PQ Chemical Industries (Pvt.) Ltd

Location
Pakistan - Karachi
Education
Diploma, Accounts, Finance, Costing, Management, Management Accounting
Experience
21 years, 6 Months

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Work Experience

Total years of experience :21 years, 6 Months

Manager Accounts at Captain PQ Chemical Industries (Pvt.) Ltd
  • Pakistan - Karachi
  • My current job since January 2011

Prepare financial statements, Perform weekly/monthly financial reporting, budget analysis with corrective action, projects feasibilities, capital projects monitoring, sales comparison, Nine months forecasted cash flow etc. ensure reporting deadlines meet

Advice to management in complex problems/decisions such as plant expansion, Gas alternate to operate furnaces, price revision, cost reduction opportunities etc.

Forward recommendations for revised policies, procedures, reports and system improvement, get them implemented once approved by management

Maintain financial security by establishing internal controls at plant

Responsible for day-to-day financial and accounting operations including supplier payments, updating collection, aging, raw material purchases, payroll, sales/invoicing, withholding income and sales tax, expense accrual and develop control to manage monthly closing etc.

Supervise monthly physical stock taking, Prepare production and material Yield reports

Monitor WIP and Fixed assets record including addition, delet., transfer, dep. & tagging

Perform product costing of locally manufactured chemicals

Head of Expense Processing-(Accounts Payable) at NIB Bank
  • Pakistan - Karachi
  • October 2008 to October 2010

Ensured smooth expense processing of 230 branches with a volume of around 300 payments per day.

Supervised month end closing activities included finalization of expense and fixed asset numbers, proofing of general ledger balances and posting of adjustments like expense accruals and amortization of advance rent/ prepayments etc.

Got SBP approval and amount transfer into vendor foreign account against IT projects and yearly software maintenance cost, monitor IT and other projects cost, compliance of expense processing policy, recommended changes in procedure and policy

Ensured smooth running of Oracle Financial AP, GL & Fixed Asset Module (supporting modules of OFSA) and timely generation of various reports including SBP reports

liaison with Oracle Financial consultants for system related issues and incorporation of changes as and when required due to a change in procedure/any other tax requirement

Dealt vendors’ representatives who provided central supplies and services

Monitored and reviewed work of expense processing supervisors & guide if necessary

Supervised daily reconciliation of branch/HO current account

Dealt day to day accounting and withholding income tax/sales tax issues

Deputy Manager Finance at Dewan Mushtaq Motor Co. (Pvt.) Ltd
  • Pakistan - Karachi
  • June 2005 to September 2008

Prepared monthly and annual financial statements of listed companyPrepared budgeted financial statements and variance analyses report

Product costing of locally manufactured parts

Liaison with external auditors/consultants/valuers with respect to revaluation of fixed assets, preparation of feasibility report, closing of individual books etc for merger of four associated companies

Supervised SAP implementation and acted as FICO Power user

Dealing day to day sales tax issues including sales tax audit and filing of monthly sales tax returns electronically

Liaison with internal tax department and providing information as required for filling of annual income tax return

Supervised physical stock taking and stock valuationSupervised timely generation of payroll and ensured correct tax deduction from employees’ salary as required by income tax laws.Monitored sales invoicing, payment and recovery processes

Senior Accountant at Greaves CNG (Pvt.) Ltd.
  • Pakistan - Karachi
  • September 2002 to May 2005

Prepared monthly and annual financial statementsPrepared budgeted financial statements and variance analyses report

Supervised implementation of ERP - oracle 9i

Liaison with financial institutions for leasing of imported CNG plantsAdvised management in investing and financing decisions based on project feasibilities

Prepared income tax returns and liaison with tax consultants for filing of returns and related assessments Ensured compliance of income tax laws for deduction of withholding taxes and monthly reporting to FBR

Dealing day to day sales tax issues including sales tax audit and filing of monthly sales tax returns

Prepared landed cost sheets of CNG plants and partsEvaluated internal controls of the company for their effectiveness, soundness and adequacy

Education

Diploma, Accounts, Finance, Costing, Management, Management Accounting
  • at Institute of Cost and Management Accountants of Pakistan
  • December 2006

Specialties & Skills

Oracle General Ledger
Oracle Financeial
SAP FICO Power User
Financial Reporting
costing and budgeting
MS Office

Languages

English
Intermediate

Memberships

Institute of Cost and Management Accountants of Pakistan
  • Fellow Member
  • March 2007