Manager-Finance
JS Investments Ltd
Total years of experience :18 years, 6 Months
• Review & preparation of financial statements (size of PKR 2 billion)
• Identify improvement in internal control environment, procedures & business processes.
• Costing of imports of array of products their payments/Letter of credit with banks and follow up with debtors.
• Responsible for maintaining stock records of wide-ranging products while ensuring that international shipments are accurately reflected in stock and ERP system.
• Prepare forecast for the GCC region on Monthly basis which provide basis for the budget preparation and compare it with actuals.
• Coordinate with warehouse staff to ensure that orders are dispatched and lead time is maintained.
• Ensure month end reports (MIS) are delivered accurately and on time, with explanations of key trends and variances.
• Provide meaningful and accurate budgets and forecasts, manage all product costing and forecast cycles. Annual review and update of standard costings.
• Preparation of VAT returns, financial statements (165 mn) and managing cash flows.
Financial Reporting
• Preparation of financial statements of the funds assigned and submitting the same to the CFO, Fund Accounting on timely basis
• Maintaining books of accounts on ERP system
• Preparation and announcement of NAV on daily basis
• Coordination with Trustee and banks for timely execution of payment settlement instructions
• Coordination with Internal/External auditors and resolution of their queries and reporting to the CFO for unresolved matters
• Preparation of daily fund position in timely manner for reference of senior management and Investment Department
• Verification of equity, debt securities and Bank profit rates before announcement of NAV
• Filing of statutory reports for Securities & Exchange Commission of Pakistan and State Bank of Pakistan
• Review Transfer of Funds for equity and debt market instructions before sending to trustee
Formulating the policies and procedures and internal controls for finance department and monitoring the implementation thereon with staff thereon.
Preparing budgets for the entities and comparing it with the actual results and further investigations.
Obtaining MOH approvals for annual licenses and coordination with municipality to ensure compliance.
Finalize and review the monthly closing of accounts and preparation of accounts (AED 0.6 mn) thereon in accordance with IFRS.
Liaison with banks to ensure that suppliers are paid on timely basis
Cost analysis at factory site to ensure customers are priced accurately
Developing system for VAT
Internal Audit.-Areas
1) Finance and Reporting 2) Sales and Redemption of units 3) Investments
4) Portfolio Management 5) Fixed Assets
• Perform Risk based Audit as per Audit plan which covers the above mentioned functional areas based on their Risk Categorization
• Perform test, substantive procedures and analytical procedures in functional areas mentioned above and document the same
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• Examine Net Asset Value and the valuation of underlying equity and debt portfolio to ensure accuracy.
• Cross check broker’s contracts, deal tickets with ledgers to ensure completeness
• Check the methodology of calculation of capital gain/loss for equity and debt instruments
• Check the process followed for Purchase and disposal of fixed assets and its disclosure in accounts
• Verify the figures of Trustee, Management and SECP remuneration as per constitutive documents
• Prepare agenda of Audit Committee meetings attended Audit Committee meetings, prepare minutes and circulate it to members
• Evaluating internal controls, identifying control deficiencies and making appropriate recommendations to the management.
• Assist Senior Manager in compiling the observations and preparing Audit report thereon and follow up of previous observations.
Compliance-Areas
1) Manuals of different departments 2) NBFC Regulations and related Circulars
• Prepare exposure-monitoring reports to identify regulatory breaches/risk in scrip’s and sectors
• Check the sales and redemption forms as required by the NBFC Regulations and Circulars
• Developed the system from scratch to ensure internal controls and regulatory limits are complied with
• Ensure compliance of Investment manuals, Investment plan Investment Committee minutes by coordinating with concerned fund managers.
• Liaison with IT department to develop exposure related reports in ERP system for MIS.
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• Preparing system notes & drawing flow charts thereafter to enhance the understanding of system.
• Preparation of audit programs and application of the same by using necessary audit techniques as per International Standard on Auditing.
• Review of accounting and internal control systems and improving the system therefrom
• Verifying capital gain or loss on disposal of investment and unrealized gain/loss
• Examination of capital expenditures like acquisition & disposal and its cross checking with ledgers to ensure completeness and accuracy.
• Verifying purchase and sales of investment and its disclosure in books of accounts.
• Analytical review of financial statements with Ratio analysis and reporting of variances
Brokerage House at Karachi Stock Exchange
Accountant
• Preparation of projected cash flows. Monitoring cash inflows & out flows, maneuvering of funds to meet the delivery verses payment (DVP) requirements of corporate clients of equity brokerage division
• Preparing financial statements in accordance with IFRS and statutory requirements.
• Casting of ledgers and financial statements to ensure accuracy
• Preparing bank and dividend reconciliation statements.
Upper Second class
2nd Division 55%
