Group Manager Treasury/Finance
Al Kholi Group
Total years of experience :17 years, 10 Months
Handling Treasury function of the Group and performing as Finance Manager to one of the Companies
Worked as CIA by looking after Financial and non-Financial Business of the Organization.
Manager Finance from July 2010 to June 2017
Nov 2021 to Jul 2022 as CIA
Preparing the Annual and Interim Financial Statements, Budgets etc
Handled consolidated accounts for all branches of the Islamic Banking Group and managed Pool Management, Weightages and Profit distribution to depositors.
Analysing on deposits, advances and weighted average cost for fund placements.
Explored the opportunities for fund placements & originated new profitable investments.
Worked as Regulatory Accountant for reporting and complying with statements as required by State Bank of Pakistan (SBP).
Research and analysis about upcoming projects, analysing financial statements of other banks and building financial models for annual business expansion plans.
Scrutinizing of Credit Approval Memo (CAM) on bank’s dealing for advancing to borrowers and decreased the classified portfolio by handling credit risk factors.
Monitoring performance of the branches at divisional level and measuring & reporting performance target financial growth.
Handled Chart of Accounts, grouping and mapping of GLs for preparation of Trail Balance.
Successfully handled payroll including workings on changes (new joining, leaving, and promotions) and updating of salaries.
Reviewed accounting records of Islamic branches and verified all financial transactions of the branches by analysing income, expenses, and other investments of the bank.
Handled taxation of Islamic branch regarding tax on Islamic banking operations, collection and quarterly reporting for submission to FBR (regulator).
Performed as Business Performance and Review Manager and supervision of the Budget of branches and compliance with requirements of State Bank of Pakistan (SBP).
Prepared and presented the memorandum financial information for submission to Central Bank and for submission to Board during meetings Board meetings.
Implemented the Accounting System at Furniture Division & Stream lined the accounting process.
Decreased the inventory handling cost by implementing the ACCPAC inventory module & developing new structured codes for the whole inventory.
Managed chart of accounts and prepared a new accounting setup at ACCPAC for the division.
Prepared feasibilities & budgets for expanding the Furniture Division Business and recommendation.
During my tenure in the Audit, taxation and Advisory departments I worked at different levels from Audit Assistant to Senior in Riaz Ahmad & Company, Chartered Accountants. I had the opportunity of gaining experience by way of providing the following nature of services to listed and other corporate clients:
• Managing, planning, reviewing and executing financial audits of various manufacturing, banking and service concerns.
• Managing and supervising special audits and taxation of clients and filing returns.
• Prepared Advice for organisations on various accounting and related matters for compliance with local statutory requirements and International Financial Reporting Standards.
• Gained knowledge in designing, implementing and evaluating accounting and related internal control system. Analysed the system of internal control and suggested recommendations for improvements.
• Planned assignments to execute in an effective and efficient manner by assessing system to evaluate risk involved at business, financial and operational level.