Manager Accounts
Captain PQ Chemical Industries (Pvt.) Ltd
Total years of experience :21 years, 6 Months
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
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
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
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