Assistant Manager Accounting and Finance
Pakistan Machine Tool Factory (Private) Limited
Total years of experience :11 years, 9 Months
• Procurement audit before raise of PO and ensure its compliances with procurement policies and PPRA Rules, 2004
• Detail review of indents, POs and GRNs
• Supervise Sales Tax, WHT and SRB Compliances and its reconciliations of ledgers, input, output tax, debit and credit notes, etc.
• Supervise Sales Invoices recording and timely despatches to customers
• Supervise receivable entries with all supporting documents
• Maintain and monitor Customer wise aing analysis and co-ordination with BD for recovery of outstanding invoices
• Maintain provident fund accounting, voucher file and prepare its account for audit
• Drafting audit plan based on risk management
• Report drafting relating to HR, tax, and inventory management, procurement compliance, Bio Medical, etc.
• Daily pre audit of cash vouchers
• Price reviewing of different vendors and their impact of change
• Approval of CAPEX and its follow up
• Supervising and conduct of six monthly physical stock count and its valuations including outreach
• Review of quaterly dead stock, minimum and maximum stock level
• Vendor payments verification
• Monthly review of Payroll process including overtime, advances, loans, tax workings, EOBI, full and final settlements, etc.
• Review of all kind of expenses
• Daily inventory request approval in the system
• Review of short expiry and expired medicines detail
• Review of scrap sales
• Monthly reconciliation of Consultants Shares working
• Review of cancellation and refunds receipts
• Daily review of Wards audit for IPD
• Surprise cash and inventory counts and their monthly reporting including outreach
• Review of chargibility of medicines, implants and surgical items in billing
• Review of revenue process and IPD bills
• Review of monthly reconciliation of IPD bills receiving
• Structure different report formats for ease of processing
• Review of retail prices of all items
• Any other task given by HOD's
TAXATION WORK
• Monthly sales tax returns filing
• Monthly WHT return filing
• Quaterly submission of advance tax letters
• WHT payment of SRB
• Preparation and submission of all kind of challan
• Calculation of individual tax liability / refund and wealth statement and filing of Individual Income Tax Returns on IRIS
• Reconciliation of IRIS sales tax portal with ledgers including vendors, sales and imports ledgers
• Reconciliation of WHT ledgers with challan paid
• Calculation of advance tax working and annual tax liability
• Replies of all kind of tax notices
• Income Tax Audits
• Sales Tax Audits
• Appeal Working of income tax and sales tax
• Development of tax reporting structures in SAP and Bizztrax for ease of reporting.
CORPORATE WORK
• Preparation of Loan Application Forms (LAF) and Basic Borrower Fact Sheet (BBFS)
• Monitoring of bank loans ledgers and payment schedules
• Maintenance of Mortgage Register
• Preparation of account opening Forms with other necessary documents
• All Corporate matters including maintenance of mortgage register, Filing of Forms 3A, 3, 10, 16, 17, 26, 29, A and preparation of MoA and AoA in accordance with Companies Act, 2017 and so on
• All Banking Correspondence
• Replies of all SECP notices
• Preparation of annual financial statements for audits
• Preparation of fixed asset register for external auditor
• Interaction with external audit team for finalizing annual audit work.
• Preparation of proposals for the clients
• Incorporation of local company (with or without foreign directors) and foreign company - liaison office (from the stage of name reservation till issuance of certificate of incorporation of company)
• Assisting company for submission of documents to Ministry of Interior (MoI) for security clearance purpose (applicable for foreign investors only)
• Preparation of notices, resolutions and minutes of the meetings of Board of Directors
• Change of share capital and return of allotment
• Registration of mortgage, charge etc. and its modification
• Change of Memorandum and Article of Association
• Maintenance of Directors and members meeting registers
• Filing of annual returns i.e. Form A and 29 and filing of change of particulars in directorships. CEO, Legal Adviser and so on.
• Assisting clients for obtaining PIN codes for electronic signatures of Directors (Previously was digital signatures from NIFT)
• Inspection of corporate files maintained at SECP and make reports accordingly
• Strike off company name under Company Easy Exit Regulations, 2014
• Drafting of all corporate letters and and replies to SECP notices
I am registered as an Audit Trainee since 5 January, 2012 in Avais Hyder Liaquat Nauman - Chartered Accountants and had been working in the capacity of Senior Audit Supervisor in Audit & Assurance. My responsibilities during this period entailed as follows:
•Planning, controlling, executing, reviewing and documenting audit work
•Drafting statutory audit and similar reports
•Assessing adequacy of accounting systems and evaluating & testing internal controls
•Applying Auditing & Financial Reporting Standards, and guidelines
•Reviewing, analyzing and interpretation of financial statements
•Ensuring compliance with regulatory requirements
•Attending & observing annual physical inventory and cash counts
•Gathering & evaluating audit evidence and assessing adequacy of accounting systems
Completed Certificate in Accounting and Finance (CAF) Course from ICAP