Senior Accounts Officer
State Bank of Pakistan - Banking Services Corporation
Total des années d'expérience :11 years, 3 Mois
• Managing public investment portfolio worth more than PKR 15 billion with more than 20, 000 investors, including those registered through authorized commercial banks across Pakistan.
• Established multiple internal controls to improve business processes while mitigating business and operational risk elements
• Managing daily coupon payments worth more than PKR 3 million (approx. PKR 600 million per annum) to investors.
• Led multiple Business Process Redesign initiatives which streamlined customers’ experience and reduced physical footprint.
• Saved more than PKR 30, 000 in stationery costs through various business process redesigns
• Created and currently maintaining a MIS dashboard based on Power BI platform
- Implement company credit policy
- Review aging on weekly basis and report to Senior Management
- Developed SAP-based aging report which made manual reports redundant
• Reduced weekly average Account Receivables by PKR 13 million against sales worth more than PKR 1 billion per month across various sales channels (General Trade, Sub-Distributor and Modern Trade) through persistent follow-up with Sales team within the span of 1 year
• Managed GL reconciliation for customer receipts and bank feeds to minimise unreconciled entries on SAP FI
• Managed Sales and Billing Collections MIS reporting on SAP MM
• Ensured strong oversight over Accounting team to enable smooth AR cycle and other Accounting operations at warehousing facilities in the region
• Identified a legal drafting error in Charter Party Agreement during post-audit which had cost the company PKR 1 million.
• Identified payment vendor invoicing and procurement anomalies for services and items (Fresh water, Bunker etc.) procured at various ports of call across various voyages which caused a financial loss to the company totaling above AED 450, 000.
• Identified lax controls over Port Agents by the concerned department which were causing significant financial loss to the company.
• Managed Account Payables worth more than PKR 150 million in SAP (including bank payment batches’ preparation and processing).
• Ideated and implemented a monthly Variance Analysis reporting mechanism to improve MIS data quality.
• Managed insurance coverage and scheduled premium payments for company assets as well as share in Oil Pipelines’ coverage worth billions of rupees.
• Resolved pending Insurance claim cases worth more than PKR 1 million in coordination with National Insurance Company Limited within 5 months of posting in Treasury Division.
• Identified case of financial misappropriation worth more than PKR 100 million in sales to dealers.
ACCA Fellow (FCCA)
Research Project Title: Financial and Business Analysis of Lucky Cement Limited for the fiscal years 2010-12