Senior Manager Finance
Pakistan Mercantile Exchange Limited
Total years of experience :14 years, 2 Months
• Prepare financial and regulatory reports in accordance with IAS/IFRS and prevailing laws and regulations.
• Prepare management financial report reflecting monthly as well as YTD profit / loss, variance analysis with previous month and standing against approved budget.
• Manage the preparation of budget and monthly reports to management on variances from the established budget along with the reasons for those variances.
• Review company’s fund position and invests idle / excess fund to optimize returns.
• Reports daily bank position and respective reconciliations.
• Reports monthly members’ outstanding receivable to management.
• Scrutinize monthly payroll evaluating its accuracy, completeness and compliance with applicable tax laws.
• Supervise timely processing of payments, tax challans and ensure compliance of internal finance policy.
• Ensure timely submission of monthly statement of tax deducted / collected under section 165 of Income Tax Ordinance, 2001 and monthly filing of Sales Tax Return, in respect to payment made to supplier or services.
• Assist CFO in preparation of monthly reporting pack for board of directors.
• Liaison with insurance, banks and external auditors.
• Coordinate with tax advisors for filling of annual tax returns and other related matters.
• Develop understanding of business processes and operation flow of functions and assess processes as per predefined manuals and policies of the bank as well as SBP requirements;
• Evaluate effectiveness and efficiency and identifying deficiencies in various business and support processes, communicate recommendations to achieve the required objectives;
• Lead assignments and assure audit objectives are achieved and it is conducted as per company standards and as per best practices of the International Professional Practices Framework;
• Discuss audit findings and recommendations with Department heads (when appropriate) and assisting the management in rectifying the issues highlighted during the audit by developing internal control system and implementation thereof; and
• Prepare deliverables including internal audit report and presentations etc.
I had been part of HBL - Bahrain Audit conducted in August 2015 to September 2015, where I was responsible for Management & IT audit. Areas mainly covered during the assignment are Branch Operations, HR, Finance, IT, Compliance, Administration and Treasury.
External Audit :
Responsibilities includes planning of audit and overall audit strategy to execute the audit effectively by obtaining a thorough understanding of the nature of the client’s business, the business and regulatory environment in which it operates. Preparation of final audit deliverables - the audit report, the covering letter to the Board of Directors, the Management Letter and other reporting packs. Further, assistance to client with the preparation and presentation of financial statements in respect of disclosures and accounting treatments of complex transactions, in the light of the relevant reporting framework and ensure compliance of prevailing laws and with the requirements of International Standards on Auditing.
Internal Audit:
It includes review of client policies, procedures and practices to map the key processes and evaluate internal control for weakness. It also includes review bank position report and monthly bank Reconciliations and monthly stock movement report and production report for wastage calculations.
Client: Husain Fine Fabrics (Partnership Firm); December 2010 to June 2011 (07months)
Qualified Chartered Accountant (ACA) from The Institute of Chartered Accountant of Pakistan (ICAP)
Master in Business Administration (Major: Banking & Finance)
Bachelor of Commerce