Manager Finance
Arcpoint Solutions (Private) Limited
Total years of experience :18 years, 3 Months
Variance Analysis (Revenue and Expenditure)
Month-Year End process
Accounts Payable/Receivable
Weekly, Monthly & Yearly Cash Flow
Budgeting
General Ledger
Payroll and Utility
Treasury
Cash Forecasting
Capital Assets Reconciliations
Account Statement
Check Runs
Fixed Assets Activity
Debt Activity
Bank Financing Facility
Must be well versed with Sales Tax and Income Laws (Federal and Provincial)
Assist the Chief Financial Officer, Internal Audit in the development of the annual Internal Audit plan, Supervision of all accounting / financial activities of the Company, including financial management, assets management, payroll, payments, dealing with financial institutions, taxation and SECP. Preparation of financial reports, and facilitating statutory and annual audit.
Played key role in management decision making through provision of desired financial information, computerization of financial/accounting record and clearance of tax matters.
Controlled the finance department to ensure compliance with established credit terms, criteria and policies; followed up on outstanding payments, and authorized accounts payable transactions to maintain cash flow stability.
Examination and preparation of final accounts, such as the balance sheet and profit and loss and cash flow in accordance with the global standards and American standards. GAAP and IFRS
• Interpret the company's financial results to management and recommend improvement activities.
• Review company bottlenecks and recommend changes to improve the overall level of company throughput.
• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Direct internal and external audits to ensure compliance.
• Financial reporting and budgeting.
• Financial analysis and reporting.
• Managing a company's financial accounting, monitoring and reporting systems.
• Preparing all financial policies (Accounting, Petty Cash, and Fix Assets).
• Managing all tax matter Income/Sales Tax (FBR & SRB). Online filling of WHT and Sales Tax.
• Managing all corporate law and SECP regulations.
• Developing and managing financial systems/financial planning and procedure.
• Negotiating and evaluating term deposit and credit facilities with banker.
• Supervise all type of voucher & Ensure data is entered into the system.
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
• Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
• Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
• Avoids legal challenges by complying with legal requirements.
• Secures financial information by completing database backups.
• Protects organization's value by keeping information confidential.
junaidy shoaib asad Chartered Accountants
(a member firm of Morison International.)
Manager Accounts & Finance
March 2015 to October 2015
Examination and preparation of final accounts, such as the balance sheet and profit and loss and cash flow in accordance with the global standards and American standards. GAAP and IFRS.
Key Responsibilities:
• Prepare Financial Statements on Monthly basis.
• Familiar user with accounting software Nabraz, Hisaab (ERP based) & Peach tree
• Maintain firm accounts on monthly bases
• Follow up debtors & creditors
• Feasibility Reports.
• Banks reconciliation on weekly & monthly.
• Generate Firm bills
• Prepare of Payroll, wages and employee overtime .
• Monthly Sindh Revenue Board Challans and filing on receipt bases
• Prepare a daily report for higher management regarding Cash Flow.
• Calculating the income tax of individuals as well as firm according to applicable laws.
• Filing of annual return of firm and individuals clients through E-filing. .
• Filing Monthly & Annually Statements from FBR through E-filing.
Al Nazeer Nippon Chemicals
(Elfy Super Glue)
Manager Finance and Accounts
April 2010------to February 2015
Based in Factory Office, a key accounts position in Finance & Accounts Division with core job of ensuring implementation of production plans and financial policies along with funds allocation and reporting to Head Office. Controlled the finance department to ensure compliance with established credit terms, criteria and policies; followed up on outstanding payments, and authorized accounts payable transactions to maintain cash flow stability.
Key Responsibilities:
Accounts Payable:
• Prepare payments for Suppliers.
• Prepare reconciliation of account payables on regular basis and make necessary adjustment entries
• Obtain confirmation of balances of suppliers.
• Review, code and process A/P check requests. Process and distribute A/P checks.
• Handle inquiries from vendors.
• Maintain A/P system records.
• Close A/P on a monthly basis, review, correct and distribute reports.
• Audit petty cash for reimbursement.
• Audit employee expenses to ensure compliance with corporate policy before paying.
Account Receivable
• Monitor accounts receivable, follow-up for collection
Book Keeping:
• Preparation of general Ledger,
• Preparation of P/L Accounts, Balance Sheet and other yearly/quarterly/half year reports
• Maintenance of Bank reconciliation statements
• Maintenance and up gradation of all accounting related documents
Costing, Budgeting & Forecasts:
• Prepare payroll, sales commission and bonus budget projections
• Analyses sales commissions, salaries and expenses to determine variances on a monthly basis.
• Prepare and enter budget details for payroll related accounts
• Cost analysis, Annual budgets
• Devise, install or control systems for determining unit cost of products or services
Accounts Analysis
• Maintain records of all financial documents with appropriate supporting material; update records as necessary.
• Preparation of details of liability for outstanding expense, depreciation and prepaid expense for monthly Financial Statements.
• Assist external auditors with preparing schedules, providing explanations of supporting materials and procedures, and preparing any other necessary data.
Purchase and Expenses Accounting.
• Account bills for supply of material after verifying P.Os and G.R.Ns.
• Account bills for purchase of fixed assets after verifying P.Os.
• Account bills for Project Expenses after verifying P.Os.
• Account bills for Insurance/Air tickets approved by HR.
• Account for Debit/Credit notes.
Banking
• Account bank charges and interest in Overdraft and loan accounts on daily basis.
• Account for monthly loan installments.
• Account other PDCs as per the alerts.
• Prepare monthly Bank reconciliation statements.
• Liaison with banks for the transactions.
• Update bank on project values for bank facility
Monitoring Accounts Receivable -Billing and collection of debts
Monitoring payable reports with outstanding invoices
Preparation of Payable Summary
Reconciliation of Parties Accounts
Documents and records in clear and easily accessible manner
Preparing weekly operation expenses reports and exceptional reporting
Generate reports from the system to reconcile supporting documents
To coordinate with vendors on insufficient supports to fulfill organizational audit requirements.
Assertion of accuracy and completion of vouchers attach with necessary supports before disbursement of cash and filing of documents
Ensure the correctness of all invoices and verify invoices that all are supported with the supporting documents
Examine and establish systems and processes to determine compliance with Policies, Plans, Procedures, laws and regulations that could have a significant impact on operations
Verify Vendor’s invoices with work order and other reports
Verify work order and issue completion certificate to vendor after getting authorized signatures
Bank Payments
Reconciliation of Bank & Daily Bank Position
company engaged in Construction of Pipelines, Mechanical, Civil, Electrical & Instrumentation projects and all other related facilities in particular for Oil & Gas, Power, Petro-Chemical, Industrial, Construction and Energy related sectors.
My responsibilities are to handle and control complete Accounting Activities right from initial vouching till Finalization of Accounts according to the laws prevailing in the country.
Financial Modeling, Securities Analysis, Working Capital Management