Assistant Group Financial Controller
Hoshan Group
Total years of experience :10 years, 7 Months
I have been involved in carrying out the following activities:
• Collecting periodic VAT data from group companies and preparing reconciliation with accounting records to ensure completeness and accuracy.
• Preparing, reviewing, filing & submission of periodic group VAT returns at General Authority of Zakat & Taxation (GAZT) portal.
• Conducting VAT training sessions for company employees.
• Providing VAT advisory & analyses for complex
business transactions and formulating policies for the supply chain to minimize VAT non-compliance risk.
• Present the company before GAZT for VAT audits & related issues.
• Preparing quarterly stand-alone and consolidated financial statements for management reporting.
•Assisting group financial controller in carrying out day to day business operations including periodic book closing and internal reporting.
I was involved in dealing with local and multinational businesses operating in various sectors. I was responsible for the following activities:
• Performing VAT impact assessment, transaction restructuring, VAT readiness programs, VAT ERP implementation and providing post-implementation support.
• Conducting VAT awareness sessions and VAT training for KPMG’ employees and other corporate entities.
• Providing VAT compliance and advisory services and transactions analysis particularly for supply chain, business expansion, mergers and acquisitions.
• Building a deep understanding of the Gulf Corporation Council (“GCC”), KSA VAT Law, KSA implementing regulations, UAE VAT Decree-Law, UAE VAT Executive Regulations, Customs Laws and its practical application across the GCC member states.
• Formulating KPMG VAT updates for guidelines intermittently issued by the General Authority of Zakat & Tax (GAZT).
• Assisting in preparation, filing, and submission of periodic VAT return at GAZT portal.
• Supporting senior management to conduct periodic VAT seminars and delivering workshops.
• Acting as a team leader during the VAT implementation and actively providing VAT compliance and advisory services for the following businesses.
Transportation
Construction
Real estate
Banking
Healthcare
Trading
Services organization
Retail
Seconded to EY Dubai Office for three months wherein I audit local and multi national companies.
•Reviewing of financial statement for compliance with IFRS as applicable in Pakistan and International Standard on Auditing (if applicable) while assessing various areas of financial statement.
•Performing planning, understanding business risk assessment, determining “what can go wrongs”, evaluate internal control environment, and identify key control activities and testing operating effectiveness of controls.
•Identification of operational and business risks in internal controls and comparing with industry best practices and communicating client with weakness identified and also modifying the audit procedure in the light of control weakness identified.
•Applying the overall analytical procedures including ratios analysis and comparison with industry data to ensure the reasonableness.
•Developing knowledge of junior team members by providing on the job training and helping them in resolving issues and guiding them during the different audit phases.
•Coordinating with professionals of various fields like legal, tax and IT experts for resolution of critical re portable matters
•Liaison at various levels of client management to maintain and manage cooperative relationship
• Thorough understanding and practical experience of taxes such as registration requirements, chargeability, treatment of input/output taxes and filing of statutory returns.
• Filing of clarifications on direct & indirect tax matters (Drafting, Finalization and relevant research work) and its follow up.
• Review and filing of monthly, quarterly and annual Income tax returns and tax payments.
• Dealing with matters relating to taxation of resident & non-resident persons & Companies.
• Tax Planning and computation of expected tax exposure / current tax position of the target company.
I am CA finalist from ICAP and completed training period from EY Paksitan.
Passed Bachelor in Commerce from Punjab University Lahore, Pakistan