Accountant General
Petrotech Enterprises LLC
Total years of experience :13 years, 6 Months
Company Overview: Established in year 2000. Petrotech is one of the most respected name in the Oilfield & Marine Industry and application of Process Control, Pneumatic & Fluid Power Equipment, renowned for the quality of its products and application expertise. Petrotech has a wealth of experience in supporting customers in Middle East, Russia, India, Pakistan & other Sub-Continents.
Authorized distributor of Parker Instrumentation (USA/ UK) & KS Tools (Germany) Local major clients include Dry Docks World Dubai, Lamprell Energy Sharjah, & Petrofac UAE.
Responsibilities include:
• Credit Risk Analysis, customer Identification & credit Facility Approval. Invoicing, Collections, Petty Cash, Cash Tally, & Costing. Bank Payment/ Receipt Entry, JV, Purchase Adjustments, issuing Credit Note, making Accruals and ensuring all Revenue and Expenses are properly accounted for.
• Responsible for book keeping and reconciliation of intercompany accounts, i.e. Abu Dhabi, Sharjah, Oman & Kuwait branches
• Supervise Banking transactions, fund management, liaison with banks, analyzing banking facilities and Repayment of TR in time.
• Provides financial advice by studying operational issues; applying financial principles and practices, and developing recommendations.
• Analysis of Financial statements, identifying Financial Risk, Irregularities, & analyzing the Financial Performance of Company.
• Preparing monthly financial reports for management i.e. MIS report, & Cash flow statements. Bank Reconciliation Statements for all currency accounts. Undertaking analysis and assisting with strategic planning.
• Analyzing and working on Trial Balance, Balance Sheet, and Income statement.
• Accounts Payable/ Receivable, & day to day accounting activities Bank & Cash Book. Budgeting monthly Expense, & Fund Management.
• Interacting with & providing assistance to internal & external auditors to facilitate the completion of audit.
• Ensuring that Internal Controls, Procedures & Policies in Financial reporting process are adequate and effective.
• Inventory Management, Inspection Analysis & Physical Stock Verification. Optimize movement of inventory so that there is neither shortage nor surplus at any point.
• Analyze Working Capital requirement, Receivables, Inventory and Trade Creditors and coordinate with Banks to arrange the required finances.
Responsibilities Include:
• Receiving and processing all invoices, expenses and requests for payment and coordinate with accounts receivable for collection.
• Handling and writing cheques, cash receipt & deposits. Processing receipts, sales invoices and payments
• Analyzing & Reporting Debtors Ageing. Prepare, reconcile and record the payments.
• Prepare management reports related to accounts payable and receivables.
• Managing petty cash transactions, Cash allocation, and daily post in and out. Prepare journals for accruals, depreciation, & adjustments.
• Process payments for vendor invoices accurately and timely as per credit terms.
• Verify financial statements, ledgers and accounts for errors and make appropriate corrections or refer to supervisor if errors are of complex nature.
Designation and Department: Internee in Frontline Experience
Responsibilities Include:
• Monitoring the flow of customers' Applications and Queries.
• Auditing to different department of Complain Management Unit (CMU)
• Making sure that all Applications should get proper feedback to their customers, within in time limits of Turn around Time (TAT)
• Anytime making Spot Checks to any CMU department and Directly Report to Country Head Service Quality.
• Making Daily Report for each department on basis of Problem Solving against Applications Received.
Master in Business Administration (MBA), in 2009 Institute: SZABIST Karachi Majors: Finance 1. Portfolio Management: Studied how stock market works, portfolio analysis, risk analysis, & profit optimization. 2. Project Evaluation: Feasibility Reports & their social, legal, economical, & technical factors affecting a firm. 3. Analysis of Financial Statements: Ratio Analysis, horizontal & vertical analysis of financial statements from multiple aspects. 4. Treasury & Funds Management: Central Bank Regulation, tools of Monitory Policy, & Fiscal Policy. 5. International Banking: Trade Finance & International Business, Letter of credits (LC), & Balance of payments. Term Reports/Projects/Special Assignments: • Portfolio Management: Inflation in the Commodity Prices and their effect on Market. • Project Evaluation: Feasibility Report for the Pizza Chain in Pakistan [number]. • Analysis of Financial Statements: Presented a Report on Analysis of Chemical Companies. • Management Information System: Term report on United Bank Limited (UBL) Credit Initiation Unit (CIU). • Managerial Acct: Lucky Cement and its Process Costing and Job Order cost Sheet. • Financial Mgmt: Report on Five Years Analysis of Toyota Motors Pakistan.
Bachelor in Commerce (B.Com), in 2006 Majors: Commerce