Manager Accounts and Taxation
Stancos Private Limited, Plastech Products Private Limited and Nature Sciences Private Limited
Total years of experience :15 years, 11 Months
My job responsibilities include:
• Responsible for planning, forecasting and budgeting and involved actively in strategic planning;
• Responsible for providing business support and analysis to the senior management team, including the CEO and General Manager Finance and Accounts;
• Develop a set of business reporting tools and dashboards for senior management;
• Focus will be on the various elements of costing and pricing repairs and maintenance services as well as tracking effectiveness and efficiency / productivity by any combination of: service type; location; department; outsourcer; insourcer; unit; etc;
• Timely and meaningful weekly, monthly, quarterly, annual financial reporting & financial analysis in the level of detail required by each internal and external user group;
• Effective cash flow management. Focus areas will include: capital efficiency management (working capital minimization and control; capex financial control management; capital employed barometers and strategies;
• As required, liaise with the internal and external stakeholders including other department (like supply chain, marketing and business development, factory and production management etc), government agencies, suppliers, consultants & advisors, internal auditors, external auditors;
• Identify financial and business risk areas. Lead actions to mitigate these risks. Focus areas will include but not be limited to:
a) Developing internal control as required by the business and by other interested parties;
b) Developing financial & accounting approaches, policies and procedures (including: Credit; Costing / Management Accounting; Transfer Pricing & management; CAPEX; Accounting; Risk Management; controls; budgeting & rolling forecasting) and ensuring their consistent effective and efficient functioning;
c) Ensuring appropriate depreciation and provision policies are in place and functioning effectively;
d) Ensuring adequate legal review policies of all contracts are in place and functioning. Participating in negotiations and reviews of all key contracts before finalization;
e) Ensuring effective compliance with policies and procedures;
f) Managing all matters pertaining to any applicable taxation (i.e. Income tax, sales tax, federal excise duty, zakat (capital Tax); withholding taxes; etc.);
g) Supervising the accounting and finance team, ensure the team is geared towards providing the necessary support; actively mentor and develop the team members; and
h) Working with General Manager Finance and Accounts and Chief Executive Officer to prepare for next stages of expansion.
• Works with the management and provides relevant financial data for the development of yearly budget and cash flows;
• Manages day-to-day financial transactions of the assigned companies, ensuring that it is in line with the agreed budgets and plans;
• Maintains a detailed analysis of management accounts identifying key variances from budget for inclusion in the monthly Finance reports and determines financial status of the assigned companies;
• Oversees cash management through proper supervision of balance sheets and income statements;
• Manages the Accounts Receivable process to ensure that all overdue debt collection procedures are followed;
• Manages the Accounts Payable process to ensure that all supplier agreements are conformed with and that all payments are made within company terms;
• Maintains general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, operating expenses and expenditures;
• Verifies journal and ledger entries of cash and payments purchases, expenses and trial balances by examining and auditing inventory items;
• Reviews daily position / activity report;
• Reviews of filing of income tax, sales tax and other statutory returns; and
• Corresponds with income tax and sales tax authorities during audits of income tax, sales tax, FED and WHT monitoring audits.
I have been associated with KPMG Taseer Hadi & Co since May 2008 to 02 June 2013 and worked as Assistant Manager in Audit and Assurance department. I was responsible for finalizing the audits, interim reviews and related services of various clients included in the list below.
My audit experience with KPMG in different business segments of the world has enabled me to gain experience of practical implementation and complexities of International Financial Reporting Standards (IFRS), International Standards on Auditing (ISAs) and local laws and regulations (such as Companies Ordinance, 1984, Income Tax Ordinance 2001 etc).
My job responsibilities at audit department include:
• Managing, planning, supervision and review of Assurance and Audit engagements, including developing and implementing audit plans and monitor the progress of the engagement against timetable and budget.
• Liaising with the management of clients in portfolio and accordingly play a pivotal role for the completion of the audit.
• Review for compliance of International Financial Reporting Standards in the preparation and presentation of financial statements.
• Responsible for the conduct and monitoring of critical financial reporting issues with the management; including matters suspected to have frauds.
• Involved in conducting audit training courses within the Firm. Work on specific tasks assigned as part of management group.
• Determines financial status by comparing and analyzing plans and forecasts with actual results and improves financial status by analyzing results and variances; identifying trends; recommending actions.
• Provides information to management by assembling and summarizing data; preparing reports; making presentations of findings for the audit committees and Board of Directors, analyses, and recommendations.
• Updates job knowledge by participating in educational opportunities; reading professional publications / journals; maintaining personal networks; participating in professional organizations.
My experience in the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organisations. The most significant corporate audit and assurance clients that have contributed to my professional growth include:
Financial Sector
• National Investment Trust Limited (NITL)
• BMA Asset Management Company Limited
• BMA Capital Management Company Limited
• BMA Financial Services Limited
• NAMCO Income Fund (open end fund)
• NAMCO Balanced Fund (closed end fund)
• UBL Funds (mutual funds)
Manufacturing industry (including oil and gas, food and drink, steel manufacturing, Textile, health care products industries etc)
• Dalda Foods (Private) Limited
• International Industries Limited
• Continental Biscuits Limited
• Total Atlas Lubricants (Private) Limited
• Tapal Tea (Private) Limited
• Pakistan Synthetics Limited
• Paxar Pakistan (Private) Limited
• BSN Medical (Private) Limited
• Hamid Flour Mills Limited
Real Estate
• Dolmen (Private) Limited (Cost audit assignment - verifying common area charges allocation to tenants)
• Al-Feroz (Private) Limited
- Qualified within mandatory articleship period. - Awarded CFA Level 1 scholarship. - Awarded certificate of merit in 3rd Module of Chartered Accountancy.
