Head of Finance & Revenue
National Communications Services (smc-pvt) Limited ( Dunya News)
Total years of experience :26 years, 4 Months
National Communication Services (smc-Pvt) Limited. (NCS)
NCS has two divisions, Education and Media Division. Media division comprises of two News channels and one Daily Dunya Newspaper.
Role Head of Finance & Revenue (Media Division)
Duration 7 years November 2015 to date
Preparation of Management Accounts
• Responsible for the preparation of Income statements of each segment of Media division. Within each segment analyze performance of individual bureau/ press.
Management Reporting for Decision Making
• Responsible for the preparation of cost and benefit analysis of hourly slot of channels and cost of production report of presses.
Planning Budgeting & Forecasting
• Responsible for the preparation of annual budget of each segment of Media Division. Sub budgets of individual departments and capital expenditure budgets.
Project Appraisal
• Time to time prepared feasibility studies of proposals directed by Management. Active member of team who launched Lahore News in February 2017.
Revenue Management
• Responsible for the accurate and timely billing of advertisement and circulation revenue of each segment. Preparation of receivables aging report and coordinating & chasing invoices with marketing operation department.
Working Capital Management
• Responsible for the maintenance of adequate liquidity by managing the receivables and payables. Ensure timely collection of receivables from customers and payments to vendors. Accurate application of withholding tax on payments and timely deposit into the government treasury.
City Schools (Pvt) Limited (CSPL)
CSPL was engaged in education business and had over 190 schools across Pakistan with student strength of 65, 000 and staff over 8, 000.
Role General Manager Accounts & Finance
Duration 2 years 10 Months January 2013 to October 2015
Overall responsible for the accounting and finance function of an organization.
Preparation of Management Accounts
• Responsible for the preparation of Income statements of each region with identification of schools that need special attention.
Working Capital Management
• Responsible for the accurate and timely fee bills generations and there electronically collection through bank collection module. Likewise, accurate and timely funds transfer to regions and vendors through bank vendor module. We had host to host arrangements with bank that implies our computer server was connected to bank server
• Forecasting funding needs and arrangement of suitable source of finance. Term loans for campuses constructions and short-term facilities to bridge gaps in monthly cash flows.
Preparation of Annual Budget
• Template of each school prepared and sent to regions for onward submission to schools for data collection. All verified regional files and head office data were collated to prepare the organization budgeted capex, repair and maintenance and income statement.
Preparation of Annual Tax return
• Responsible for the computation of annual tax liability and adjustment of advance tax paid.
Shahraj Fabrics (Pvt) Limited (SFPL)
SFPL was a textile manufacturing company having two weaving and one dying and printing units. It mostly exports its home textile products to USA, Russia and China.
Role Manager Accounts & Finance
General Manager Accounts & Finance
Duration 9 years 9 Months April 2003 to December 2012
Preparation of Management Accounts
• Responsible for all accounting and finance functions in an organization. Timely preparation of monthly and annual accounts after necessary adjustments. Like, all accruals and prepayments had been posted, consumption of raw materials like yarn, dies and chemicals had been accurately recorded. Similarly, ensured that bank accounts had been duly reconciled.
Working Capital Management
• Funding and maintaining the adequate liquidity. Timely renewals and repayments of funded facilities from all major banks.
Pakistan Industrial Leasing Corporation Limited (PILCORP)
Pakistan Industrial Leasing Corporation Limited (PILCORP) subsequently undertaken multiple mergers and presently named Samba bank Pakistan Ltd. PILCORP was one of the largest leasing company in Pakistan with asset base of PKR 10 billion. It was listed on all three stock exchanges in Pakistan and majority of its shareholdings was with Crescent group of Pakistan.
Role Assistant Manager Compliance
Duration 5 Years 3 months January 1998 to March 2003
• Job involved complete verification of the credit proposals with the accompany source documents of clients. Developed a model in excel where last three years client’s financial data was inserted and keys ratios were re computed.
• To verify the computation of lease rentals, I have developed a small financial model in excel which calculated the periodic lease rental by inserting lease amount, initial deposit, salvage value, number of rentals, frequency of payment, rental mode advance or arrear and IRR.
Role Management Trainee -Credit and Marketing
Duration Six Month July 1997 to December 1997
• Preparation of credit proposals by conducting financial analysis from last three years clients’ financial statements.
Associate Chartered Management Accountant (ACMA, CGMA) UK Fellow Cost and Management Accountant (FCMA) Pak Candidate for CFA Level III, USA