Khurrum Iqbal إقبال خرم

• Maintaining Books & Quarterly VAT & Zakat Filing, coordinating with Auditors in Finalizing Accounts.

• Maintaining Books & Quarterly VAT & Zakat Filing, coordinating with Auditors in Finalizing Accounts.

• Managed company accounts using cloud-based accounting software ODOO.
• Prepared financial statements (P&L, Balance Sheet, Group Cash Flow Statement).
• Accounts payable & receivable reconciliations.
• Maintained supplier and customer records and liaised with customers and suppliers.
• Managed the companys fixed assets.
• Analyzed data and synthesized results to facilitate decision-making for management.

• Supervised company accounts on cloud-based accounting software XERO.
• Prepared quotations, budgets, estimates, and weekly management reports.

General Auditing:
• Controlled more than 10 banks including one E-Dirham online account.
• Checking monthly payroll of more than 1000 outsource staff of more than 20 clients
• Tracking monthly client invoices & receivable reporting, daily cash flows etc.
• Monthly manual & system reconciliation of group companies.
• Handling and offsetting Inter-company & inter-bank transactions.
Accounting & Management Reporting:
• System & chart of account, design & implementation.
• Client wise account receivable tracking and recovery.
• Finalization of accounts with external auditors.
• Monthly & annual client wise business performance reporting.
• Price feasibilities of perspective clients, using target costing.
• Vertical and horizontal analysis using key performance indicators (KPIs).
• Presenting client wise profitability to the management and key stake holders.
ACCOMPLISHMENTS:
Increase in no, of clients from 10 to more than 20 and increase in Sales by 10% in one year.
- Awarded Performance Bonus

• Managing quarterly invoicing, against leverage facility to government departments.
• Officiating contractual payments to related parties, (investors).
• Quarterly reporting of funds for management decisions and control.
• Managing various government operational and treasury accounts.
• Project accounting for government and its affiliates & government funds allocation reporting.
• Managing accrued liabilities & payment of government pre-approved vendors.
• Shortlisting and pre-screening for staff recruited for government department.
• Safeguarding major fixed assets via comprehensive insurance coverage and depreciation provisioning.
• Consolidating quarterly accounts of Government owned companies.
• Maintaining Health Insurance record of all employees.
• Preparing monthly staff payrolls & overtime with quarterly gratuity provisioning.
• Prepared Cash Flows and Budget forecast and highlighting reasons for variance.
• Managing daily cash and other account related transaction.
• Active team member of Ras Al Khaimah IPO of one of the Semi Government & public listed companies
• Conducted initial market research for one the perspective leasing companies in co-ordination with Deloitte.
• Active team member of Government Rating exercise
• Active team player for various business plans and financial modeling for allotted transactions.
• Also provide feasibilities for various government and semi-government projects
• Advising various clients in devising company’s systems and procedures.
• Prepared forecasts, budgets, MIS reports includes variance analysis.
ACCOMPLISHMENTS & AWARDS DURING THE ABOVE PERIOD:
• IPO (Dubai - Public Listed Company in RAK) over-subscribed by 52% (Performance Monetary reward)
• Team member of Sukuk issued in 2008 (Performance Monetary reward)
• RAK Government was Rated as A/A-1 by Fitch in 2008

• Under Directors supervision evaluated swap ratio in the merger and restructuring exercise of the following:
• Aventis Pharma (Pvt.) Ltd. and Rhone Poulenc Rorer Ltd.
• Nestle Milk Pak (Pvt.) Ltd., Pak water Bottlers (Pvt.) Ltd., and Northern Bottlers (Pvt.) Ltd.
• Glaxo Wellcome SK&F and Beecham.
• Involved in wellhead costing of Mari Gas Limited under various financial scenarios.
• Assisted in numerous client presentations, corporate tax and local by-laws matters to senior managers.
• Conducted feasibility study for recovery of stuck-up funds of Sui Southern Gas Company Ltd., with major clients and also determine reasons for improper uses of company funds and causes of efficiency losses.
• Developed and devised delegation of financial and administrative powers, along with respective job description of various clients.
• Prepared and devised prototype accounting system and Standard Operating Procedure (SOP) manual of the following clients, major areas of improvement include cash & bank, accounts receivables/payables, payroll and fixed assets.
• Mobil Askari Lubricants Private Limited
• Securities and Exchange Commission of Pakistan (SECP)
• Investment Corporation of Pakistan (ICP)
• National Investment Trust (NIT)
• Prepared, compiled and analyzed financial statements of over 40 foreign and local banks operating in Pakistan to determine the financial benchmarks of the Banking Industry in Pakistan.
• Assisted senior in formulation of financial projections and initial business plan and carrying out SWOT analysis for clients like PICIC Insurance Company, Al-Noor Sugar (Pvt.) Ltd., and other local and multi-national clients.
• Conducted field survey in Islamabad territory, readership in Pakistan, Khaleej Times.
• Prepared proposal for new client, based on respective scope.
• Prepared Production & Costing Model for Pakistan Security Papers to evaluate unit cost under various raw material mixes.