Kaleem Ullah

General Manager - Accounts & Costing
Diamond Group of Industries - Tyre Division
23 C, W - Mall, Gulberg - III, Lahore, Pakistan.
Company Industry: Manufacturing (Tyres and Tubes)
Job Role: Accounting/Banking/Finance

Diamond Group of Industries consists of 15 companies, engaged in the manufacturing of Foam, Spring Mattress, Furniture, Tyres & Tubes, Bi- Cycles & Motor Cycles, Auto Rickshaw and Jumbolon and sells its products throughout Pakistan & exports to all over the world.

Diamond Tyres Limited is a manufacturer and exporter of Forklift, Motorcycle, Bicycle, Scooter, and Wheel Barrow Tyres & Tubes. It enjoys long-standing relationships with leading OEMs like HONDA, YAMAHA, SUZUKI, QINGQI, PAK HERO, and SOHRAB, with import of raw materials from all over the world with exports to Turkey, Tanzania, and Afghanistan. It is market leader in Tyres & Tubes business and has turn over more than 6 Billion.

I report to CEO,
My Major responsibilities are mentioned below:

• Supervision of monthly, quarterly, and annual Financial Statements in accordance with the International Financial Reporting Standards (IFRS / IAS) and Companies Ordinance 1984 by using ERP (Oracle R-12).
• Fore casting and productive wise profitability analysis on monthly basis.
• Funds Management (Supply chain & Cashflow planning).
• Perform analytical review of monthly accounts and prepare various reports for management review (Ratio analysis, cash operating cycle, sales, consumption, and recovery analysis).
• Dealing with banks for financing facilities (Islamic and Conventional banking).
• Supervision of Funds / Cash Management (L/C’s and daily bank position reports).
• Supervision of monthly sales tax returns and compliance.
• Budgeting and forecasting with periodical controls.
• To ascertain the integrity and reliability of financial and other information provided to management and stakeholders, used in decision making.
• To provide assistance regarding the compliance of Corporate, Income Tax and Sales Tax matters.

• Investigate irregularities and unusual situations and establish procedures designed to prevent reappearance.
• Ensure compliance with policies, laws and regulations.
• Checking the compliance of the company policies in all the group companies.
• Effective participation to formulate systems / procedures for effective, proactive audit practices / control measures, with a focus on systemic rather than transactional audit.
• Conduct special audit assignments of Employee’s Provident Trust and other group concerns including Educational System (Pvt.) Ltd, Shalimar Construction Company (Pvt.) Ltd, Ideal Creation (Pvt.) Ltd, and Ideal Solution (Pvt.) Ltd.
• Continuous review of accounting and internal control system and highlighting the weaknesses in the systems.
• Technical assistance in developing strong and effective financial and internal control systems including measures to safe guard the assets of the group companies.
• Comparison of the overheads using different modules in the ERP system.
• Comparison of monthly estimated budget with the actual budget.
• Internal Audit reports on weaknesses in the accounting and internal control systems, compliance of management policies and observations, implications and recommendations of the same to the top management.

• Preparation of Financial Statements in accordance with the “International Financial Reporting Standards (IFRS/IAS)” and Companies Ordinance, 1984.
• Reconciliation of various General Ledger accounts.
• Ensure compliance to code of corporate governance, listing regulations and other corporate matters.
• Projected accounts as required by financial institutions while renewing the credit facilities.
• Financial statements analysis - ratio analysis.
• Preparation of Inventory sheets.

SAP:
• Implementation of ERP.
• SAP HR Module (G.P Fund, Pension Module, F-I)
• Preparation of receipts and payments on SAP.
• System development for effective operations.
• Post and Pre-audit of monthly accounts on SAP.
• Verification and Pre-Audit of contingencies bills of different departments.

• To assist in preparing and finalizing the Financial Statements.
• Preparation of accounts by “Peachtree Accounting Software”.
• Bank Reconciliation Statements.
• Monitoring invoicing, payment and recovery.
• Preparation of monthly accounts and payroll of employees.
• Preparation of monthly schedules for advances & accrued expenses.
• Preparing, filing and Reconciliation of monthly sales tax returns.
• Liaison with banks and handling all banking matters
• Maintenance of Purchase and tax registers.