Muhammad Tayyab

A Multinational Construction Company and member of “Khamas Group of Investments” with remarkable expertise in the complex fields of “Piling, Shoring and Foundations”.

Key Achievements:
• Introduced “new Purchase policy/strategy and centralised the Purchase system” within the company” which helped to reduce “Purchase cost” by 10%.
• Pioneered “Monthly and Quarterly Financial Reporting” by Restructuring and transforming the ways of recording Accounting Data in the ERP system which “laid the Foundation for Financial Decision Making, Analysis” and hence improved the company’s reporting system by over 50%(in terms of time saving) using this “analysis friendly” correct authoritative literature.
• Initiated Projects’ “Cost and Time” planning, Budgeting and forecasting” on a forecasting team to identify and analyse “Variances” in “Actual performance” and performed remedial actions to mitigate them which increased “Gross Margin” of the company by 10%.
• Created financial reports to analyze the revenue and targets and highlighted non-performing areas to assist the executive management in appropriate decision making
• Negotiated credit terms from 90 days to 60 days with clients (Main Contractors) to improve the revenue streamline
• Appreciated by Top Management for Introducing new Suppliers for our major and the most frequently purchased items like Steel etc. and agreed new “credit limits” with them to release pressure on our cash outflows.
• Commended for establishing “Diesel consumption and inventory related policy” to strengthen systems of sound internal controls to reduce the risk of fraud and pilferage and to determine “Machine productivity/efficiency”.
• Appreciated by management for conducting internal audits on Site locations and warehouse to improve controls over Assets

Major Responsibilities:
• To prepare the financial reports, such as income statement, balance sheet, Cash flow Statement on monthly, quarterly and yearly basis in accordance with International Reporting Standards.
• Preparing special reports by studying variances(Variance Analysis), preparing budgets, developing forecasts
• Booking of fixed assets, Intangible Assets, Maintain Fixed Asset register, prepare schedule and general ledger.
• Maintain, Reconcile and analyze Banks, Payables and Other General Ledger Accounts
• Responsible to handle Payroll and supervise over the financial transactions and Petty Cash.
• Determine whether loans must be obtained to meet cash requirements or whether surplus cash can be invested.
• Liaising with external auditor to help conduct audit and maintaining relation with banks
• Perform Aging Analysis, analysis of data and business issues as requested
• Perform Account Payables Accounting and assisting in Account Receivables Accounting
• Providing financial advice by studying operational issues; applying financial principles and practices; developing recommendations.
• Supervising financial requests pertaining to purchase orders and procurement
• Maintains accounting(internal) controls by preparing and recommending policies and procedures
• Preparing and Filing “Value Added Tax (VAT) Returns” for the company.

M.A. Chaudhari & Co is one of the oldest and the largest Chartered Accountant firms in Gujranwala and Sialkot region, North Punjab (A region which contributes the most in country’s overall Exports & Manufacturing). It has diversified pool of clients ranging from Hospitality (Hotel), Manufacturing, Real Estate Developer, Retail, Hospitals and Service industries to Charities and Trusts. The firm provides its clients the services such as Accounting & Bookkeeping, Audit and Assurance, Taxation and Business consultancy through its network of highly qualified and experienced professionals


Key Achievements:
• Initiated an income and expense flux analysis, for the clients, on the first working day of the month that provides for early identification and correction of posting errors. Efforts contributed to accelerating the month-end close to the tenth calendar day of every month.
• Overhauled accounting system of my Firm’s clients which decreased chances of discrepancies by 60% -80%.
• Acted as a team lead as well as an effective team player for several Accounting and Audit projects and brought accurate results strictly adhering to the deadlines for which I was always praised.
• With strong and persuasive interpersonal and communication skills, always succeeded in explaining and making people/clients, without financial expertise, understand financial policies and procedures.

Major Responsibilities:
• Preparation and finalisation of the statutory accounts with an eye on quality, thoroughness and accuracy for non-audit clients and ensuring the accounts are in accordance with the accounting standards and includes all relevant disclosures.
• Performed other Accounting procedures like “Reconciliations, Designing Aging Analysis in MS Excel, Petty Cash in ERP system etc. for the clients as part of outsourcing the firm’s Bookkeeping services
• Assisting the Audit Senior/Manager in planning for the Audits and ensuring that the audit is carried out in accordance with ISA (International Standards of Auditing).
• Performing review procedures and ensuring that project deadlines are met.
• Performing various agreed upon procedures and reviewing various returns to be submitted
• Understanding and assessing the effectiveness of clients’ internal control procedures and documenting any issues identified.
• Preparing consolidation workings and identifying material misstatements

Amex Associates, being an established audit firm, has clients in different industries mainly Mutual life Insurer, Retail, Property development, Gambling, Investment management, catering, Security Companies, Entertainment Industry, Solicitors and Charities. The firm provides its clients the services such as Accounting, Auditing, Taxation, Business consultancy, IT infrastructure, Web designing and Human resource management through its network of highly qualified and experienced professionals.

Key Achievements:

• Appreciated by seniors for having excellent knowledge and understanding of IAS, IFRS and Keeping abreast of latest developments as they affect GAAP and getting conversant with industry developments and their effects on client competitive position
• Appreciated by an external client for ‘Excellent Customer Service’ while working with the clients’ Accounts team (Part of our Firm’s Outsourcing services) and assisting client’s financial analysis, thus increasing “Customer Satisfaction”
• Often made part of a team that did audits for the largest clients the firm had.


Major Responsibilities

• Preparing Monthly, quarterly and yearly financial statements of listed and unlisted clients in accordance with International Financial Reporting Standards (IFRS).
• Reconciling Banks, Maintaining Purchase & Sales ledgers and assisting in performing receivables and payables accounting for our clients.
• Ensuring that the audit is carried out in accordance with ISA (International Standards of Auditing).
• Interact directly with Senior on matters related to client and engagement management.
• Preparing and Filing VAT (Value added Tax) Returns for the small & medium businesses and for companies.

• Assisting the Chief Accountant in all Treasury activities. Publish a monthly summary of the actual cash-flows for the group. Reconciling the banks, debtors and creditors on monthly basis
• Performing general bookkeeping and processing of all the invoices, expense forms and requests for payments
• Performing Accounts Receivable accounting
• Presentation of various projects and ad hoc tasks as required by Business Director and other members of the Management Executive team.
• Performing Accounts Payable accounting
• Corresponding with the clients, suppliers, solicitors, supervisors, engineers and performing other general administrative office tasks and maintaining a supportive role with other departments