Chief Accountant
Energy saving Solutions Co, Ltd
Total years of experience :14 years, 5 Months
1) Financial planning:
•Preparing the annual comprehensive budget by consolidating all departments and functions inputs into a budgeted financial statement.
•Preparing a monthly outlook after each month closing to reflect the actual results and update the budget to reflect these results and /or other variables which might change the original plan.
•Preparing monthly cash flow forecast situation and foreign currency needs.
•Preparing standard costing sheets for the products and perform costing simulations.
2) Financial controlling:
•Reviewing and approving purchase requests from budget point of view to control budget fulfillment.
•Controlling approved Capital projects expenditure in line with the approved budget.
•Reporting financial progress to top management versus original milestones.
3) Financial Analysis:
•Financial statements analysis versus plan and versus competing organizations
•Reviewing a monthly comparison between budget and actual figures, and monitor budget variances, analyze the reasons behind their occurrence and suggest corrective actions.
4) Internal Audit:
•Plan and perform internal audits system within various divisions.
•Design and execute tests to evaluate controls.
•Carry out analysis on related operations.
•Prepare reports to support audit work and findings.
•Discuss findings and improvement plans with management.
•Assist with final report development and communication.
•Recommend solutions and assist in implementing them.
1) Financial Reporting
•Preparing the timely and accurate financial statements and reports.
•Ensure that all statutory requirements of the organization are met (CR, COCI, DZIT, GOSI, SAGIA, MOL, JAWAZAT)
•Preparing all supporting information for the external auditor.
•Ensure that all supporting documents for financial transactions are maintained completely and accurately.
•Reviewing the bank reconciliation.
•Managing the book keeping function, using ERP system, including General ledger, Accounts receivable, Accounts payable, Inventory and Payroll.
2) Payroll and Administration
•Monitor all payroll function to ensure that employees are paid in a timely and accurate manner.
•Mange and assist with the negotiations of Employees insurance.
•Manage the tracking of vacation leaves and final settlement according to company policy.
3) Budget and Planning
•Participation in annual budget preparation process with all department managers.
•Prepare quantitative and qualitative variance reports of budget VS actual.
•Obtain explanations for significant variance from relevant person and discuss with management.
•Track quarterly progress for budget and recommend any amendment.
4) Internal Control
•Establishing and executing internal controls over the financial transaction specially cash (Employee Theft like skimming & stealing business opportunities).
•Implement and monitoring the policies and procedures as required to ensure that personnel and financial information is secure.
•Active participating in developing the policies and procedures for the company as a member of finance.
5) Inventory and Payables
•Supervise inventory management and costing.
•Dealing with foreign and local supplier payments and resolve their queries.
•Review and verify all cheques before processing for payments, ensure all liabilities are recorded in the books.
•Review the LC documents for foreign payments and received from local customers.
•Monitor and supervise company assets.
6) Sale and Receivables
•Ensure that Invoices are submitted timely and accurately, also follow up for timely payments.
•Preparation of Special Project cost using update information and prepare various management reports highlighting the profitability of projects.
•Review commission for sales and obtain approval for payments.
•Arrange the meetings with collection department for timely receiving.
Responsibilities as a Financial Accountant
•Preparing monthly statements by collecting data; analyzing and investigating variances; summarizing data, information, and trends.
•Preparing quarterly and annual statements by assembling data.
•Responds to financial inquiries by gathering, analyzing, summarizing, and interpreting data.
•Provides financial advice by studying operational issues; applying financial principles and practices; developing recommendations.
•Preparing special reports by studying variances; assist in preparing budgets and developing forecasts.
•Updates job knowledge by keeping with current financial regulations and accepted practices; participating in training and development programs; maintaining personal networks; participating in professional organizations.
•Accomplishes finance and organization mission by completing related results as needed.
Responsibilities as Accounts Receivable Accountant
•Set-up new customers in the Enterprise Resource Planning ERP system.
•Ensure correct coding of all customer invoices and payments in the ERP system.
•Maintain and organize support for customer remittances.
•Respond to customer inquiries.
•Reconcile customer statements and correct discrepancies as necessary.
•Support financial statement audits.
•Assist in month-end financial statement closing.
•Support other accounting projects, as necessary.
•Understanding of client’s transaction recording system and analysis in accordance with the reporting framework comprising of IFRS, applicable local laws & regulations
•Documented all the audit working at various assignments,
•Performed audit procedures during assignments,
•Ensured compliance of Code of ethics during practice,
•Assisted in quality control review as in supervision of audit manager,
•Identified unusual transactions and reported to higher management,
•Variance analysis (Performance measurement),
•Critically analyzed and reported financial and non-financial information.
•Party reconciliations, aging analysis.
•Adequacy of legislative and regulatory compliance for operational and financial matters.
•Reviewed financial control systems, identified weaknesses in internal audit, prepared and presented reports thereon.
•Verified payroll & utility expenses, cash payments and receipts, prepared banks reconciliations.
•Assisted in business plan compilation for various clients.
•Verified income and sales revenue, purchase and other administrative expenses both in system and ledgers.
•Income and sales tax payments verification, e-Callahan payments.
Clientele at Q & Co
Full Scope Audit
•Hashim Khudadaad Hamid (Gujranwala)
•University Of Central Punjab
•Irina Tech Pvt. Ltd
•Allied Supplies and Liberty Stores
•Climax Engineering Ltd & Etihad Energy Pvt. Ltd.
Cost Audit
•Madina Sugar Mills Ltd
•DUNYA TV (FAR)
•Indus Sugar Mills Ltd
•Ghani Gases & Ghani Glass
•D.G. Khan Cement Company Ltd
•Allied Supplies and Liberty Stores
Fixed Asset Register
•Fixed assets book keeping
•Tagging & locating along with sub-essentials
Stock Take
•Dynamic Packaging
•Global Inks
Evaluates records for accuracy of balances, postings, calculations, and other records pertaining to business transactions and reconciles.
Review financial transactions and other account information to
update and verify accounting records.
Receive Certificate of achievement from ACCA for Financial Accounting Passed 13 papers of ACCA in 1st attempt
Topper of the College