Muhammad Shahid Nawaz, Deputy Manager Accounts

Muhammad Shahid Nawaz

Deputy Manager Accounts

Cherat Cement Co. Ltd.

Lieu
Émirats Arabes Unis
Éducation
Master, Finance
Expérience
12 years, 3 Mois

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Expériences professionnelles

Total des années d'expérience :12 years, 3 Mois

Deputy Manager Accounts à Cherat Cement Co. Ltd.
  • Pakistan - Islamabad
  • juillet 2022 à avril 2024

Review vendor invoices for accuracy, completeness and ensure proper approval and authorization processes are followed.
Verifying all cash expenses and bank payable invoices posted in SAP to ensure appropriate expense head, withholding tax rate and sales tax withheld as per accounting standards and government regulations.
Verifying journal entries and inter-company transactions and debit notes for final settlement.
Resolve any invoice/payment discrepancies in a timely manner by liaising with vendors and internal stakeholders.
Review and process expense reports, ensuring compliance with budget and company policies.
Support in annual budget preparation.
Managing temporary staff wages, benefits and ensuring compliance with tax laws.
Managing advances or loan recoveries from staff as per company policy.
E-filing of withheld taxes from staff salaries, vendor’s payments, wholesaler sales, and retailer transactions in accordance with FBR regulations.
Overseeing the complete cement sales cycle encompassing new customer code issuance, prepayments, allocation of quantities predicated on received funds and credit oversight.
Updating rate changes in SAP along with Base Price, GST, and FED alterations in accordance with governmental regulations.
Verifying area rates, discount and freight charges quoted to institutions.
Daily and monthly Bank Reconciliation of all collection accounts.
Monitor month-end, quarter-end and year-end closing.
Stay informed about changes in accounting regulations and ensure compliance.

ASSISTANT MANAGER (ACCOUNTS) à Cherat Cement Company Limited
  • Pakistan - Islamabad
  • juillet 2018 à juin 2022

Take a lead in bookkeeping by maintaining and updating records ensuring accuracy and compliance with relevant regulations.
Review vendor invoices for accuracy, completeness and ensure proper approval and authorization processes are followed.
Verifying all cash expenses and bank payable invoices posted in SAP to ensure appropriate expense head, withholding tax rate and sales tax withheld as per accounting standards and government regulations.
Verifying journal entries and inter-company transactions and debit notes for final settlement.
Verifying monthly reporting of claimable GST/FED to Head Office.
Reconcile vendor and customer statements, resolving discrepancies promptly.
Assist in month end, quarter end and year-end closing activities.
Computing temporary staff wages, benefits and ensuring compliance with tax laws.
Managing advances or loan recoveries from staff as per company policy.
Participating in complete cement sales cycle encompassing funds recording in SAP after bank verification and allocation of quantities predicated on received funds.
Updating rate changes in SAP along with Base Price, GST, and FED alterations in accordance with governmental regulations.
Creating STP (Ship to party) codes in SAP against destinations for cement delivery.
Propose and implement process improvements for increased efficiency.

SR. OFFICER ACCOUNTS/PLANNING à Cherat Cement Company Limited
  • Pakistan - Islamabad
  • juillet 2015 à juin 2018

Recording day-to-day transactions in SAP with appropriate expense heads and deduction codes of withholding tax after getting it reviewed from departmental head.
Posting inter-company transactions and reporting debit notes to Head office for settlement.
Monthly reporting of claimable GST/FED to Head Office.
Verifying advance amount received against cement sale from banks before processing every transaction.
Monitor daily receipts/deposits in Bank Al Habib, UBL, ABL & MCB through daily collection report, received from Banks and investigate and reconcile discrepancies.
Creating STP (Ship to party) codes in SAP against destinations for cement delivery.
Coordinating with dispatch office for timely delivery of cement on required addresses.
Maintaining records of cement advances and cash/bank payment vouchers.
Propose and implement process improvements for increased efficiency.

ACCOUNTS/PLANNING OFFICER à Cherat Cement Company Limited
  • Pakistan - Islamabad
  • juillet 2013 à juin 2015

Verifying advance amount received against cement sale from banks before processing every transaction.
Monitor daily receipts/deposits in Bank Al Habib, UBL, ABL & MCB through daily collection report, received from Banks and investigate and reconcile discrepancies.
Creating STP (Ship to party) codes in SAP against destinations for cement delivery.
Coordinating with dispatch office for timely delivery of cement on required addresses.
Monthly reporting of claimable GST/FED to Head Office.
Maintaining records of cement advances and cash/bank payment vouchers.
Propose and implement process improvements for increased efficiency.

Admin/Planning Officer à Cherat Cement Co. Ltd.
  • Pakistan - Islamabad
  • octobre 2012 à juin 2013

Oversee and coordinate day-to-day office activities.
Maintain office supplies and equipment, and ensure proper functioning.
Maintaining the administrative records, planning and bank/cash payment vouchers.
Prepare and update reports and other documentation as required.
Coordinating with the dealers, Suppliers and vendors.
Assisting in planning and executing the events and other activities in organization.
Coordinate travel arrangements for employees, including accommodations, and transportation.
Provide support to clients, visitors, and employees with inquiries and requests.
Address and resolve administrative issues and challenges as they arise.
Propose and implement process improvements for increased efficiency.
Managing the housekeeping and security guard staff data and duties.
Managing daily in/out going mails.
Responsible for handling the petty cash and keeping the record of expenses.

Accounts/Admin Officer à SRB Business Center
  • Pakistan - Islamabad
  • février 2012 à septembre 2012

Prepared detailed invoices, oversee recoveries, and managed payment processes efficiently.
Coordination with suppliers and vendors to ensure seamless procurement processes.
Supervised cleaning staff and security guard personnel, managed their duties and schedules.
Collaborated with relevant service providers to address and resolve maintenance issues promptly.
Conducted research on projects as assigned, provided comprehensive and accurate findings.

Éducation

Master, Finance
  • à Mohammad Ali Jinnah University Islamabad
  • février 2012
Baccalauréat, Elctronics, Physics, Maths
  • à Government Post Graduate College, Haripur
  • juillet 2008

Specialties & Skills

Data Mining
Work Planning
SAP ERP
Accounting
Administration
MS word
SAP A1 (FI Module)
SAP Business One
SAP Hana

Langues

Anglais
Expert
Urdu
Expert

Formation et Diplômes

Financial Analysis, Concepts & Techniques (Formation)
Institut de formation:
Pakistan Institute Of Management
Date de la formation:
April 2016
Durée:
20 heures
Problem Solving and Decision Making Skills (Formation)
Institut de formation:
Pakistan Institute Of Management
Date de la formation:
June 2015
Durée:
25 heures
Management Course for Junior Executive (Formation)
Institut de formation:
Pakistan Institute Of Management
Date de la formation:
June 2014
Durée:
35 heures