خالد محمود Mehmood

FSL STEEL INDUSTRY ISLAMABAD
Worked in FSL Group of Companies Islamabad as a Accountant General
CORE DUTIES
Cost Controlling and Analysis:
• Monitor and analyze site operational costs to ensure accuracy and efficiency. Identify cost
saving opportunities and recommend solutions to management.
• Analyze any changes in goods or services provided in order to determine what effect it has
on the cost.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to
actual production costs.
• Cost controlling & monitoring all departments regarding monthly estimated cost and actual
standard cost.
• Making monthly purchases cost & up to date Cost average of goods manufactured.
• Plan and record variable costs (e.g. purchases of raw material and operations costs)
• Identify and recommend cost-effective solutions
• Comparing the planned cost with the actual cost for both products and semi-finished goods.
Budgeting and Forecasting:
• Assist in the preparation of annual budgets and forecasts for site operations.
• Collaborate with cross-functional teams to gather relevant data and assumptions for
budgeting purposes.
• Preparing & Monitor budget performance and provide regular updates to management.
Inventory Management:
• Recording & Oversee inventory accounting processes, including valuation, reconciliation,
and reporting.
• Recording periodic physical inventory counts and reconcile discrepancies.
• Analyze inventory levels and make recommendations for optimization.
Financial Reporting:
• Prepare monthly, quarterly, and annual financial reports for site operations.
• Ensure compliance with accounting standards and company policies.
Receivables Management:
• Collaborate with operations teams to resolve billing discrepancies and disputes.
• Monitor accounts receivable aging and follow up on overdue invoices.
• Process Improvement: Identify opportunities to streamline accounting processes and
enhance efficiency.
• Work closely with stakeholders to implement process improvements and best practices..

Has worked in Barkat Rice Mills (Pvt.) Ltd.
• Accounts Payable: Process vendor invoices and payments.
• Reconcile accounts payable and vendor statements.
• Maintain vendor records and relationships.
• Accounts Receivable: Prepare and send invoices to customers.
• Track and follow up on outstanding payments.
• Reconcile accounts receivable and customer statements.
• Payroll: Process bi-weekly payroll, including timekeeping, deductions, and tax calculations.
• Prepare and submit payroll tax returns.
• Manage employee benefits and deductions.
• Financial Reporting: Prepare monthly, quarterly, and annual financial reports.
• Analyze financial data and identify trends.
• Assist with budget preparation and tracking.
• Financial Records: Maintain accurate financial records and documentation.
• Ensure compliance with accounting standards and regulations.
• Assist with audits and financial reviews.
• Visit warehouse for monthly inventory material checks.
• Post and process journal entries to ensure all business transactions are accurately recorded.
• Assist in processing balance sheets, income statements, and other financial statements
according to legal and company accounting and financial guidelines.
• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness.
• Monitor and report inventory movements including incoming & outgoing shipments, daily and monthly basis. Inter branch transfers sales and purchase returns etc. Prepare report for inventory valuation ageing and adjustment.
• Reconcile inventory ledger with general ledger on monthly basis.
• Coordinate and support internal and external audits, providing necessary documentation and responses to inquiries.
• Assist in the development of budgets and financial forecast.
• Prepare month-end and year-end closing reports, including journal entries, reconciliations, and accruals, to ensure timely and accurate financial reporting.
• Prepare monthly reports of material purchased, consumed and available stock in factory.

MAT CAST (PVT. LTD ISLAMABAD
Worked in Mat Cast (Pvt.) Ltd as a Accountant 2010 to213.
Mat Cast (Pvt.) Ltd is a manufacturer Company of Billet Casting having Production Unit located at I-9 Islamabad.
CORE DUTIES:
 Recording and entering daily financial data into the accounting system.
 Preparing invoices and documenting all financial transactions.
 Review accounting documents to ensure their accuracy and completeness.
 Preparing periodic financial reports, such as income and expense reports.
 Assist in preparing financial budgets and final financial reports.
 Follow up on receivables and payments and ensure that records are updated regularly.
 Processing customer and creditor accounts and monitoring the movement of accounts.
 Work in coordination with the accounting and management team to ensure the accuracy of financial statements.
. Providing support in reconciling bank accounts and reviewing monthly invoices.
. Compliance with financial and tax laws and regulations.
- Recording & Oversee inventory accounting processes, including valuation, reconciliation,
and reporting.
- Recording periodic physical inventory counts and reconcile discrepancies.
 Analyze inventory levels and make recommendations for optimization.
Assist in the preparation of annual budgets and forecasts for site operations.
 Collaborate with cross-functional teams to gather relevant data and assumptions for
budgeting purposes.
 Preparing &Monitor budget performance and provide regular updates to management.

STEELCO STEEL SANGJANI ISLAMABAD
Has work in Steelco Steel Sangjani Islamabad as Junior Accountant 2008 to 2009
Duties & Responsibilities
• Effectively manage accounts receivable and payables.
• Maintain a collection process to continually improve debtors.
• Monitoring of daily balance sheet of creditors/ debtors and issuance of payments.
• Effective pay off planning for liabilities and monitor daily banking transactions and their respective accounting entries in systems.
• Looking daily transaction recoded in Company's General Ledger, Sales Ledgers and Purchase Ledgers.
• Maintaining all accounts journal in a timely and efficient manner
• Reconciliation of general ledger accounts and Bank statements.
• Responsible for the payroll preparation and processing
• Maintain company ledgers and daily financial transactions.
• Create financial documents such as bills, invoices, pay-orders, payables, receivables and purchase orders.
• Identify discrepancies in ledgers and accounts, tracking them to the source and correcting them
• Responsible of Factory employees all matters related to hiring and final settlement.