Senior Manager Finace
Jovago Pakistan (Pvt.) Ltd.| Venture Rocket Internet AIG
مجموع سنوات الخبرة :16 years, 5 أشهر
• Responsible for overall finance Department
• Proper structuring and streamlining of the finance function, processes for efficient and accurate reporting of financial
• Information
• Implementation of controls and procedure in line with the best practices as outlined in the accounting, IFRS, and Auditing Standards and the Corporate Law
• Review payments / receipts and ensure the applicability of withholding tax rates and approve the transaction for processing
• Supervise and review routine tasks of staff under my jurisdiction
• Monthly cash flow projections and minutely observe the variances
• Prepare monthly management reporting on business development including full financial statements, performance indicators compared to plans; explanation for exceptions and deviations with an action plan and monthly forecasts
• Preparation of quarterly budgets as per group requirement
• Review of bank and other reconciliations prepared by staff
• Ensuring the proper and accurate closing at relevant reporting period
• Execute the payroll process at each month end and ensure the deductions of tax, EOBI, Medical Insurance and any other legitimate deductions
• Review and finalized Periodic Financial Statements as per requirement of international financial reporting standards (IFRS)
• Authorized withholding tax report, sales tax (SRB), sales tax (FBR) and upload on Portal on monthly basis
• Finalize the annual Tax returns and quarterly Advance Tax payments
• To co-ordinate with all departments to obtain optimum efficiency and results
• Preparation of Reports to Board of Directors and other stakeholders
• Preparation and maintaining records of policies and procedure manuals of company and amendments thereof
• Filling of miscellaneous statutory forms (27, 28, 29, A etc) with SECP
• Performed special projects which includes Registration of Provident fund of the company with regulatory authority, Registration with Sindh Revenue board (SRB) under relevant tariff heading
• Contribute to the development, deployment and enforcement of compliance policies and procedures
• Handle enquiries to the external audit
heading the fund accounting role within the finance department
oversight of six mutual funds and Discretionary / non-discretionary portfolios managed by Lakson Investments
Supervise and review routine tasks of staff under my jurisdiction
Ensure timely NAV announcements
Ensuring funds are available for redemptions and other payments in relevant account maintained with different banks
Ensure and maintain minimum balances in bank accounts to obtain the optimum returns
Review of daily cash flow projections and reconcile with the fund bank accounts
Review of bank and other reconciliations prepared by staff
Liaison and correspond with Central Depository Company of Pakistan (Trustee of the funds), SECP, Internal/External auditors
and other regulatory officials
Preparation of Asset allocation of funds under management at the end of each month
Preparation and distribution of monthly / annual payouts of funds
Finalizing Periodic Financial Statements of Funds under management as per requirement of international financial reporting
standards (IFRS) and Non Banking Finance Rules and Regulations.
Authorized withholding tax report and upload on FBR Portal on monthly and annual basis
To co-ordinate with all departments to obtain optimum efficiency and results.
Ensuring the compliance of monthly, quarterly and semi-annual reporting of funds under management to regulatory
authorities (Securities & Exchange Commission of Pakistan and State Bank of Pakistan)
Ensuring Funds are complied with all relevant laws and regulations including constitutive documents of the funds, NBFC Rules
2003, NBFC Regulation 2003 and the provisions of / directives issued under the companies ordinance 1984
Oversee and conduct testing of compliance with applicable regulations, policies and procedures
Monitor regulatory developments applicable to an NBFC / CISs and assess impact to the NBFC’s activities as appropriate;
Responsible for maintaining the discretionary / non-discretionary accounts and handle the client’s queries if arises.
Assist with examinations and reviews by internal and external parties
Assisting in preparation of AGENDA of Annual General Meeting (AGM), Board Meeting (BOD), and Audit Committee Meeting
Preparation of Reports to Board of Directors and other stakeholders
Preparation and maintaining records of policies and procedure manuals of company and amendments thereof
Filling of miscellaneous statutory forms (27, 28, 29, A etc) with SECP
Perform special projects which include the amendment / modification in Funds constitutive documents (Trust Deeds and
Offering Documents) and correspond with relevant officials’ i.e. Central Depository Company of Pakistan (Trustee of the funds)
& SECP.
Contribute to the development, deployment and enforcement of compliance policies and procedures
Handle enquiries to the internal / external audit
Procure necessary equipment as required by internal / external Auditors
Finalizing Periodic Financial Statements of Funds under management as per requirement of international financial reporting
standards (IFRS) and Non Banking Finance Rules and Regulations.
Ensuring accurate and timely completion of financial accounting and reporting including management reporting and group
reporting.
Liaison with external / internal auditors to the extent of delegated authority
To coordinate and maintaining healthy relationship with trustee (CDC) and other official concerns
Maintaining relationships with banks and handling routine banking matters
Monthly reporting of funds under management to regulatory authorities (Securities & Exchange Commission of Pakistan and
State Bank of Pakistan)
Ensuring accuracy, completeness and proper classification of the investments and other transactions recorded in the books of
accounts of the funds
Daily reconciliation of equity / money market / redemption, conversion / trading and other unit holders’ transactions
generating financial impact
To ensure the funds’ investments are complied with the investment criteria laid down in the NBFC Regulations and funds
constitutive documents.
Prepare and Finalized Withholding tax report and upload on FBR Portal Format.
To assist Manager Finance in all routine matters
To assist Manager Finance in liquidation process of funds (AGPPF-I).
Evaluate the financial, operational and supporting information systems to identify the control deficiencies and suggesting
improvement in relative weak areas
Suggested and implemented the concept of daily date closure to avoid any backdated entry in GL.
Conducting Financial Reviews of funds under management
Preparing instructions for trustee as and when required
Preparing on-deduction of withholding tax reminders
Preparing reminders for overdue dividend / coupons
Voucher Entries of Fund
Projecting & maintaining daily Cash Flows of funds
Preparing instruction to trustee of transfer of funds as and when required.
Daily Bank Reconciliation
Daily Investment Report
Daily NAV (Net Assets Value) Calculation
Responsible for periodic finalization of separate (controlling / parent entity) and consolidated (group) accounts and any task assigned by head of Accounts.
Transfer of funds from one bank to another to obtain maximum returns from idle cash
Producing budgeted cash flows and management accounts along with variance analysis
Supervise and review routine tasks of staff under my jurisdiction and on-job professional development of staff.
Monitor and asses the accuracy of transactions through audit trail in computerized accounting system.
Assist Head of accounts and CFO to carry out internal audit of subsidiaries.
To oversee, maintain and implement the system of controls in the organization and report the relevant information.
Liaison with external auditors extent to the delegated authority
Exercise proactive approach to improve the accounting system and adding value in the control environment to obtain optimum
efficiency and results
Preparing detailed reports on audit findings and making recommendations to improving organization’s accounting and
management practices, controls and systems
Assisting clients in preparing financial statements including assistance in application of International Financial Reporting
Standards (IFRS)
Internal Audit of Network Microfinance Bank
Internal Audit of Sea and Sky Logistics
Maintaining books of accounts to trial balance
Bank reconciliation preparation
Maintaining and tracking fixed asset register
Financial Statements preparation
I am an ACCA affiliate and pursuing membership.