Head SAM
Apna Micro Finance Bank Limited
Total des années d'expérience :16 years, 2 Mois
Looking after the credit operation related to the microfinance assets portfolio of Rs. 10 billion of more than 100 branches of the bank.
Follow-up of disbursement and recovery targets as per management strategy.
Regulatory reporting of assets portfolio and SBP requirements.
Assets product development and its implementation in the pilot run and subsequent launch.
Implementation of regulatory requirements in Core Banking System.
Supervising and monitoring of SAM portfolio.
Setting of yearly product-wise disbursement targets and their segmentation along with periodic monitoring and review.
Portfolio analysis and management reporting along with appraisal of assets staff against the assigned targets.
Coordination with the insurance company regarding portfolio claims and their adjustment.
Development, implementation, review and amendment of credit initiation and disbursement process.
Coordination with SBP inspection team, internal and external auditors for period portfolio inspection and audit.
Formulation and recommendation of incentive schemes for disbursement and recovery teams.
Assets staff trainings on periodic basis on new products and development in microfinancing.
➢ Lead the Motor claims department, major responsibilities were to implement the SAP module in
the claim department according to SECP claim processing requirements.
➢ Coordination with surveyors for finalization of claim reporting and settlements.
➢ Coordination with workshops relating motor insurance.
➢ Engagement with LEAs for total loss and theft claims of motor insurance.
➢ Coordination with underwriting department for clarification and amendment in different clauses
of insurance policy.
Major responsibilities were handling of Sales, Purchases of Cotton including Import, Banks, and Financing facilities including pledging of stock, Receivables, and Payables module.
Preparation of monthly/quarterly/annual accounts and discussion with management and compliance with International Financial Reporting Standards.
Coordination with internal and external auditors during the annual audit and statutory review.
Preparation of Budgets to take measures for cost reduction and financial analysis along with performance reviews.
Product-wise costing and periodic analysis.
Preparation of monthly/quarterly/annual accounts and discussion with management and compliance with International Financial Reporting Standards.
Coordination with internal and external auditors during the annual audit and statutory review.
Preparation of Budgets to take measures for cost reduction and financial analysis along with performance reviews.
Product-wise costing and periodic analysis.
Attended the Audit Committee Meetings, Board of Directors’ Meetings, and Annual General Meetings of the Company and made arrangements thereof.
Presentations to Board of Directors on periodical financial reviews and discussions for strategic decisions.
Correspondence with Securities and Exchange Commission of Pakistan related to filling of different Forms and Returns as required by Companies Ordinance 1984
Filling of Notices, Financial Results, and related documents before and after the Board of Directors and Annual General Meetings of the Company with the Lahore and Karachi Stock Exchanges.
Worked on PUCAR system recently launched by Lahore and Karachi Stock Exchanges for filling of different Forms online.
Maintaining the Audit Committee, Board of Directors, and Annual General Meetings’ minute’s books.
Computation, finalization, and filing of income and sales tax returns along with withholding tax statements to Competent Tax Authorities.
Conduct statutory audits.
Conduct internal audits and design of systems of internal controls.
Quality control review of audit working paper files, planning for the audits, and development of work methodologies and work programs.
Assessment of the financial statements in order to ensure their compliance with the requirements of the local laws and International Financial Reporting Standards (IFRS).
Holding meetings with client personnel to communicate audit findings and help companies in the preparation of the financial statements under the local statutory framework.
Performance of tests of controls over each significant account head, class of transaction, and disclosure. Substantive testing of transactions and dual testing procedures.
Based on the performance of tests of controls and substantive procedures, highlighting the issues and preparation of other deliverables, such as a management letter identifying internal control weaknesses, its implications, and recommendations for improvement in accounting and internal control systems
1) C A finalist (Module F: only 1 paper remaining) - (Institute of Chartered Accountants of Pakistan)
Associate Public Finance Accountant (APFA # 6383)