Financial Consultant
MIM International Consultanices Dubai UAE
Total years of experience :19 years, 6 Months
Feasibilities studies and financial modelling
Business Valuation
Internal Audit
External Audit
a) Participate in the provision of effective strategic and financial planning of the Company and overall control of the Company’s accounting function.
b) Provide comptroller-ship functions in order to ensure finances are managed according to legislation, policies and procedure and generally accepted accounting principles.
c) Contributes to the achievement of the Company objectives by providing advice and guidance on financial strategy & formulating financial targets and budgets in accordance with the strategy determined by the Company policies.
d) Overseas all accounting procedures and systems used by the Company.
e) Review reports and analyze projections of sales and income against actual figures and suggest methods of improving the planning process.
f) Financial planning and related ongoing advice for the chief executive and shareholders.
g) Prepare short and long term financial forecasts of financial performance for use of internal management and external parties.
h) Develop and implement accounting and administrative policies and procedures for a wide ranging set of activities including financial accounting and reporting, HR and other corporate policies.
i) Oversee the production of monthly reports including financial statements, management reports and cash flow projection for use by executive management and as well as audit/finance committee and board of directors.
j) Oversee insurance of assets and staff
k) Ensuring accounting of day to day transactions
l) Interest provision and handling of bank loans in the system
m) Calculation of depreciation and management of fixed assets register of the Company
n) Management of all current assets including prepayments, advances and deposits
o) Inventory reconciliation on monthly basis and recording of consumption/Usage
p) Variance analysis on monthly basis and verification of unusual fluctuation
q) Facilitation in monthly management reporting to group
r) Acting as coordinator in external audits of the company
s) Preparation of interim and final financial statements in accordance with IFRS
Budgeting, MIS and monthly reporting compilation and circulate amongst the group members.
Co-ordination with internal as well as statutory auditors and ensure its timely conclusion. Assisting in the preparation of Income Statement and Statement of Financial position.
Income recognition and preparation of various controlling schedules like debtors, ageing, foreign exchange inflow and outflow
Fixed assets capitalisation, depreciation calculations, ensuring appropriate deduction of tax from payments to creditors
Reconciliation of various party accounts and bank reconciliation statement preparation on a monthly basis
Have effectively implemented internal controls, various cost cutting measures and procedures in respect of payments and receipts in a most effective manner.
Reconciliation of inter branch transactions, Edit list checking and scrutiny of ledgers, bank reconciliation, Checking and processing of accounts payable.
Ensured all accounting records are kept in a tidy and conspicuous manner, which enabled future references effortless and smooth.
Preparing list of all auditable processes, Annual Audit Plan, Audit Memorandum approval of the concern auditee division
Designing Audit program based on the understanding of the initial planning meeting.
Execute Audit field work including walk through and substantive procedures
Prepare draft report including scope, objective observation, business implication, recommendations and conclusion
Review & assess the observation according to its implication on the business
Circulate the draft report for management comment and due dates for the implementation of the recommendation
Conduct final meeting
Record the observations in the issue register maintained to keep track on the implementation status and overdue observations
Management & Group Reporting (Monthly & Quarterly)
Provide updates on the audit observation status- Giving a summary of high level observations for the month
Updates the management on the risk issue & fraud issue observed during the month
Given an updates on the work done on the 23 Principle risks identified by BODs
Prepare a quarterly report for the Top Management to updates on Annual Audit Plan, current risks issues effecting the 23 Principle risks and other associated 219 auditable processes
Preparing mapping of the strategic objectives, group strategic objectives and principle risks
Updates on the Fraud investigation and finding, current status and potential losses occurred due to the incidents
Updates group on the combined Assurance Methodology, insurance claims & reimbursement.
Also provide an updates on achievements for the quarters, challenges and plan for the next quarter
Risk Assessment
Regular coordination with Risk & Controls champion (RCCs)
Conduct regular monthly/quarterly meeting with the RCCs
Obtain an understanding on the general risks observed during the month
Also obtain a report from the RCCs about current risk issues effecting the NTDC strategic objectives and associated risks issues with those 23 principle risks
Gather all those risks and perform an assessment of those risks to grade risk base on its impact on business. Also suggest mitigation plan to address the urgent risk issue
Documentation of Processes, Procedures & (3Ps)
Assists KPMG to conduct the meeting with the Process owners for all division across the NTDC and got an understanding to the current undocumented processes
Circulate the “AS is” to the process owner and divisional head for their consent
Coordinate with KPMG for gap analysis of the “As is” processes
Involved with KPMG to amend the “AS is” process based on the gap analysis
Circulate the “To Be” processes to the process owners for their approval and consent
Fraud Investigation
Monitor whistle blower emails & hot lines for the complain across the Company
Review the complaints and obtain all the relevant evidences concerning the complain or fraud incident
Base on the evidence, prepares draft report for the management attention- if case the issue belong to disciplinary matter, refer it to Human resource department for further action
Maintain register for all fraud issue/finding and circulate it to Management for action each month
Prepare & circulate fraud awareness and internal controls
Planned & developed audit strategies & procedures through risk assessments in response to the’ risks & testing of key controls over the clients’ business & accounting processes.
Worked as engagement senior on various jobs as per tasks mentioned in EY GAM at the planning & final stages of the projects.
Ensured that financial statements prepared in accordance with International Financial Reporting Standards & were in compliance with the local laws.
Supervised, coordinated & appraised work of support staff to ensure that audit objectives was efficiently achieved within the agreed time-scale.
Executed audit procedures in accordance with the ISAs
Performed various other professional related services like accounting services & physical verification assignments.
Key Projects:
1.Allied Bank 2. LMKR resources Ltd. 3. Pakistan Poverty Alleviation Fund (PPAF) 4. Elixir Technology Pakistan (pvt) Ltd. 5. Afghan Family Guidance Association (AFGA) 6. National Transmission & Dispatch Company 7. Pakistan Telecom Authority (PTA) 8. Paktel Ltd. ( Zong Pakistan)
MTN Afghanistan 9. Aga Khan Foundation 10. Habitat For Humanity International 11. World Food Program Afghanistan 12. Concern World Wide Afghanistan
13. Asia Foundation
Ernst & Young Abu Dhabi Office;
Key Projects
1. Habib Exchange 2. National Bank of Oman (Branch) 3. Al-Waseet International 4. Fast Limozine. 5. Alain Group 6. Seba properties 7. Gernain (pvt) Ltd.
8. Fusion Glass (pvt) Ltd.
I am CA finalist from Instituite of Chartered Accountant of Pakistan. i am also a Certified Financial Consultant from Canada. currently i have applied for the registeration of CIA(Certified Internal Auditor)
I have done my HSSC from the BISE swat, and secure 71% marks in June 2000
I have done my Matriculation from BISE Swat in 1997 securing 67% Marks