Accounts Officer
Akzo Nobel Pakistan Limited (Formerly ICI Paints)
Total des années d'expérience :3 years, 6 Mois
AkzoNobel is the largest global Paints and Coatings Company and a major producer of specialty chemicals with global brands ICI Dulux, International, Sikkens, Bermocoll, Dissolvine, DYNA, and Paintex
• Preparation of Budget and rolling forecast;
• During the demerger transition of ICI Paints from ICI Pakistan I was responsible to handle the transfer of all the retiring funds;
• Established independent financial reporting of five retiring funds as separate Trusts;
• Managing investments portfolio and liquidity of the retiring funds through forecasting;
• Reporting to senior management about investment returns and cash positions;
• Managing the main treasury operations of the company for liquidity management through forecasting models;
• Negotiating with banks for higher returns on surplus cash investments and on exchange rates for foreign remittances and payments;
• Preparing Bank reconciliation and following up with banks for any pending issues;
• Preparing GL schedules like for loans and advances, other payables, other receivables, etc;
• Processing salaries and vendor invoices;
• Managing and updating credit limits to customers in accordance with policy;
• Preparing monthly bad debts provisions schedules;
• Handling discounts to customers through credit notes;
• Liaising with sales department on issues of credit control;
• At times, responsible for cash office for handling physical cash and liquidity for petty cash transaction and posting collections in SAP.
Core responsibilities included:
- Performing financial analysis on around fifty major companies of Pakistan for sixteen consecutive quarters;
As an initiative, preparing and designing a daily (morning) report to senior management and clients about previous day's activity in KSE and international commodities market and factors that could affect the present day share prices;
- Supporting senior equity analyst in share valuation analysis at times.
As a team member I was involved in annual (statutory) audit of Rupali Group of Industries
- Documentation of formal audit files;
- Verifying past transactions through vouching and bank statements;
- Reconciling banks, customers and suppliers' balances with the client's balances;
- Involved in preparation/reporting of management letter to the senior management of the clients concluding audit points.
CIMA is the world's largest professional body of Management Accountants. Completed all exams of CIMA qualification in 2012.
CIMA is the world's largest professional body of Management Accountants.
University of the Punjab 2004-2006 BA: Major in Economics, Statistics