Assistant Director
EY - Pakistan
Total years of experience :17 years, 2 Months
Remotely heading the finance function including AP, AR, GL, Cash flows, banks and financial statements.
I was working as Group Financial Analyst, functionally reporting to Financial Controller - South and administratively reporting to Head of Southern Group Office-4 and my responsibilities included the following:
Coordination with 13 independent accounting units (branches) regarding daily / Ad hoc reporting requirements including financial and non-financial data.
Provision of tax consultancy and compliance monitoring to branch accountants on daily basis.
Budget preparation (CAPEX & OPEX), Budget monitoring, and variance analysis via Oracle Hyperion and Beams ERP.
Over-viewing payroll management of around 900 employees.
Approving Employees Old Age Benefit payments on timely basis.
Reconciliations of Head Office and branch balances.
Monitoring of cash position of 14 branches and cash flow projection.
I was reporting as Assistant Manager Finance (gazetted Grade 17 officer) to Manager Finance (Payments) & Director Finance and my responsibilities included the following:
Coordination with various accounting units (+24) regarding daily / Adhoc reporting requirements for consolidation and reporting purposes including financial and non-financial data.
Allocate and maintain budgets of +30 departments and ensuring effective implementation of budget controls and reporting budget consumption status to departments.
Classification, analyzing and accounting of CWIP expenses & reporting in reporting packs to higher management as an aid in decision making.
Ensuring correct and timely recording of administrative expenses, retention money & mobilization advances as per contract terms, correct deduction of tax at source on various payments and providing tax consultancy to +30 departments on various day to day issues, specifically withholding tax.
Ensuring that all accounting adjustments, period-end prepayments & advances, provisions, etc. are adjusted and recorded accurately within a month to give a fair presentation of financial position.
Reviewing and approving monthly bank reconciliations and daily cash positions.
Reviewing functioning of DHA post-employment benefit plans including financial reporting, final settlements and audit.
Preparation of periodic consolidated financial statements of Head office’s 6 core business units including DHA City.
Designated as Audit coordinator for internal and external audits and reviewing audit schedules prepared by staff.
Resolving technical aspects of Pre Audit queries and ensuring timely payments within the prescribed policy time.
Overhauling obsolete accounting practices with latest best practices and establishing strict internal controls.
Managed 10 team members directly responsible for Revenue Expenses, Payroll & Employee Benefit Funds of Head Office (managing indirectly 30+ staff being in managerial capacity).
Carrying out financial evaluation of internal / external business proposals and communicating results to HOD.
Reviewing fixed assets (+ PKR. 2 billion) with up-to-date ICAP TR-6 register.
Designated representative of Finance Department in Central Procurement Committee.
Representing Finance Department in implementation phase of Microsoft Dynamics AX 2012 in consultation with MIS Department.
Developing comprehensive Finance Instructions Manual consistent with Government of Pakistan’s manuals to override the inefficiencies and non-compatibilities within Finance Directorate departments on a Group level.
I was reporting to CFO & AVP Finance as Asst. Manager Finance. My responsibilities include the following:
- Monthly financial reporting to CEO of JSCL and two wholly owned unlisted subsidiaries ensuring compliance with IFRS and applicable legislations.
- Coordination with the statutory and internal auditors.
- Acting as Payable Supervisor, Cash Management and Reconciliation Supervisor, and GL entry operator in Oracle Financial Module and managing 30 bank accounts with daily balance monitoring for Head of Investment and CFO, invoice processing and making payments with adequate control over supervising officers.
- Managing treasury operations covering buying / selling of government securities and maintaining up to date positions.
- Checking the correct deduction of taxes and monitoring timely deposits with the national treasury.
- Responding to adhoc requirements of CEO and CFO on a timely basis
As a Senior Auditor, I lead teams throughout the planning, execution and conclusion stages of statutory audits, advisory engagements and other varied special nature engagements. My responsibilities include engagement management, client relationship management, and co-ordination with professionals in various fields like legal, actuarial and IT experts and decision-making for resolution of critical reportable matters. I am also responsible for ensuring that the financial statements comply with all the applicable requirements of International Financial Reporting Standards (IFRS) and Corporate laws applicable to engagement clients.
My experience in the AABS Group of the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations. The most significant corporate clients that have contributed to my professional growth includes the following:
Bank Al Habib Limited
Habib Metro Bank Limited
Atlas Bank Limited
Tameer Microfinance Bank Limited
EFU Life Assurance Limited
Industrial & Commercial Bank of China
Pak China Investment Company
Atlas Capital Market (Pvt) Limited
JS Mutual Funds
Atlas Mutual Funds
Oxfam GB
Karachi Stock Exchange (Guarantee) Limited
Engaged in the audit / review and performed fieldwork as part of EY GAM methodology
Responsible for the execution and field work of audit of auto dealer giant for BMW, Rolls Royce, Mini, TATA, TADANO, Kawasaki etc including planning, advisory to client and clarifying to them various IFRS and their requirements & proposing adjustments.
Performing work of opening balances as per EY initial audit engagement requirements and took part in finalization of audits.
My Main clients were:
Abu Dhabi Motors LLC
United Al Saqer Heavy Equipments LLC
Dalma Motors LLC
Hamon Cooling Towers FZCO
Abu Dhabi Ship Building Company
Engaged in the audit and performing audit fieldwork as part of the primary teams as well as supervising the work performed by audit trainees:
Working in audit engagements and engaged in different types of statutory audits including planning, advisory to client and clarifying to them various IFRS and their requirements and finalizing clients.
Consultation with Tax department in respect of zakat calculations and other tax matters to be submitted to the local tax authorities.
My main clients were:
Saudi Hollandi Capital Company
APTEC Saudi Arabia
Saudi Technical & Trading Company
Saudi Venture Development Company
Executive MBA (Supply Chain & Finance)
MBA Finance
M. Com (2 years)
CA Finalist (6 Papers remaining to qualify)
B. Com (2 years)
