Hasan Raza - ACPA

Roles & Responsibilities:

1) Present MIS reports, Cash flow statement, P&L and balance Sheet reporting including commentary on all material variances to the client management including board of directors meetings.

2) Review financial plans and budgets periodically to look for cost reduction opportunities which help enhance the Efficiency & Profitability for the client.

3) Complete Ad-Hoc analysis on special projects/assignments as defined by the needs of the business.

4) Develop and maintain thorough financial policies and procedures for the Company and ensure that financial policies are adhered to as set out in the Company’s financial guidelines (Risk Management).

5) Preparation of annual budget for the companies.

6) Ensuring that all accounting records comply with company and statutory requirements.

7) Payments disbursement including salaries to staff, PASI. Utilities, Contractors, marketing, insurance, statutory payments etc.

Responsibilities:

1) Financial Reporting- Financial Statements’ preparation, analysis of such statements and reporting as per the International standards, local statue and management and group companies requirements (including consolidation of group companies).

2) Implementing, monitoring and improving budgeting controls.

3) Ensure compliance with all requirements of local regulatory authorities (SBP, SECP, and FBR) of UBLFM (UBL Fund Managers Limited ) and AIFSL (Al- Ameen Islamic Financial Services Private. Limited).

4) Cost Management - Project analysis, Project budgeting & forecasting, Project cost control.

5) General Accounting - Accounts payable, Accounts receivable, payroll, treasury, Cash and Asset management.

6) Coordinating with the RM’s of the banks to deal the group banking affairs such as obtaining of credit facilities including its extension, reductions, discount and renewals.

7) Managing the investment portfolio of the group.

8) Management of working capital ensures timely recoveries and disbursement to vendors / suppliers.

9) Review of various contracts/ proposal.

Business Advisory | Corporate Taxation:

1) Preparation of monthly/quarterly & Annual financial statements.

2) Oversee the recording and maintenance of accounting records and ensure accuracy, completeness and classifications of transactions.

3) Preparing and filing monthly Federal Board Revenue and Provincial Board sales tax returns of multiple clients & processing their refunds.

4) Make researches in responses to timely changes occurred in taxation laws, local company laws and provide guide lines to our clients regarding such changes.

5) Business Advisory to tax clients.

6) Conducting Research related to amendments in Income tax, Accounting standards and Local company laws.

7) Preparing computations and filing companies, Individual and Association of Persons annual Income tax returns and wealth statements as well as monthly withholding Income tax returns.

Audit & Assurance:

1) Leading teams through planning, execution and completion stages of audit.

2) Engagement planning based on understanding of the entity and assessment of business and related audit risks

3) Coordination with the team manager to define the extent of planned audit procedures and to update on the progress of the engagement.

4) Supervision, review and finalization of an assurance engagement.

5) Liaison with client's management and communication of relevant matters to persons at appropriate levels of responsibility

6) Consultation on significant matters with various professionals such as lawyers, tax advisors and IT experts

7) Assisting clients in preparation of financial statements in accordance with the applicable financial reporting frameworks including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives of regulatory authorities.

8) Providing basic advisory services to clients in respect of accounting treatment of complex transactions

9) Ensuring timely completion and submission of key deliverables to the client within stringent deadlines

Responsibilities:
1) Overall planning of engagement, conducting initial planning meetings with clients to understand & co-develop expectations, and designing audit strategies in consultation with engagement manager.

2) Assessing underlying audit risk in the light of assessment of client's overall control environment.

3) Obtaining a thorough understanding of the nature of client’s business and regulatory environment in which it operates, SWOT analysis, identification of critical success factors and key performance indicators.

4) Initial overall analytical review, understanding major business processes, analysis and testing of internal controls at the interim and final stages, and detailed testing of significant account balances and transactions.

5) Assisting client with preparation and presentation of financial statements including disclosures in the light of relevant reporting framework, and ensuring compliance with all applicable reporting requirements.

6) Application of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

7) Communicating audit progress and findings by providing information in meetings, highlighting the unresolved issues and analyzing strategic aspect of the further planed audit procedures.

8) Coordinate with appropriate management staff in implementing approved corrective and preventive measures to clean up and ensure risk-free accounting or management practices.

9) Review and supervision of the work performed by audit assistants throughout the course of the audit.

10) Preparation of final audit deliverables - audit report, covering letter to the Board of Directors and Management Letter