Senior Manager Financial Reporting
Etihad Town Private Limited
Total years of experience :8 years, 9 Months
• Ensuring compliance with all reporting requirements including those implicated by SECP and Tax Authorities;
• Lead the research and analysis of technical accounting matters and recommendation of actions relating thereto, and documentation of accounting issues and conclusions in white papers;
• Understand new accounting standards, assess the implications, if any, to the company, and implement adoption as appropriate;
• Lead the development, implementation, and communication of accounting policies, ensuring compliance with IFRS for use on a worldwide basis;
• Act as a key liaison to the external auditors to assist in their completion of an efficient audit;
• Build relationships and regular communication with operational leaders to provide direct and timely assistance on matters that have accounting implications;
• Preparation and presentation of monthly, semiannual and annual financial decks to Board of directors;
• Managing cash flows, forecasting financials, and maintaining relationships with financial institutions;
• Responsible for Planning and preparation of annual reports and accounts, annual statutory accounts, and quarterly external reporting to agreed deadlines.
• Responsible design and implement the risk and control framework for the external Financial Reporting team and coordinate and plan financial reporting deliverables across the team, ensuring timely review and delivery.
• Preparation of annual budgets and analysis of budgeted vs actual results on dedicated timeline for timely and effective decision making.
• Ad hoc reporting required by Board of Directors.
• Direct and oversee all aspects of the Finance & Accounting functions of the organization.
• Overseeing the taxation (Income and Sales tax) matters of the company including monthly and quarterly and annual filings.
• Evaluating and advising on the impact of long-range planning, introduction of new programs/ strategies and regulatory action.
• Establish and maintain strong relationships with senior executives to identify their needs and seek full range of business solutions.
• Provide executive management with advice on the financial implications of business activities.
• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop, and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
ERP Implementation at “Ali Saqlain Real Estate and Builders”
It was a self-initiative project in 21 years of history of operations first of all to safe guard the sensitive data secondly for smooth and hassle-free operations considering the quantum of day-to-day transactions. Moreover, when construction is involved, there may be required various analytics as well as ratios to assess the operational effectiveness and better system controls. Major challenges involved in this implementation were following:
• Understanding, auditing and rectifying the prior years’ data for proper import into the system;
• Making the other employees and departments to understand that the system is not a replacement of manpower rather it’s a measurement to ensure safety of sensitive data.
• Import of data through all the validations of system.
• System design and keeping a major role of a bridge between the company’s requirements and developers
• Process of approvals and interdepartmental access of data and intervention.
• Establishing system controls and their implementation in the business environment.
• Employee training as all the work was being done manually.
During the span of the training, I had the opportunity to work in various capacities in the department of Audit and Assurance. Starting from an entry level Audit Assistant, progressing eventually on to the role of a Team Manager/ Job Senior, managing assignments and leading various teams, I gained experience and developed expertise in:
• Statutory audits in accordance with ISAs
• Planning and conducting trainings of teams
• Preparation of Financial Statements in accordance with the requirements of IFRSs & Companies Act, 2017
• Reporting on compliance with statutory requirements
• Agreed-upon procedure assignments
• Business Processes review and review of Internal Controls
• Internal Audit engagements
• Interpretation of the financial statements
PROFESSIONAL EXPERIENCE IN THE FIELD OF AUDIT AND ASSURANCE:
I have been associated with field of auditing and accounting from June 2015 to date. Working in various service lines I have enjoyed a diversified exposure of carrying out various audit and business advisory assignments for the large and medium sized companies in Pakistan as well as in Kingdom of Saudi Arabia.
On audit and assurance side, I have an experience of managing and participating in statutory audits, compliance and system audits, corporate governance rules and special assurance engagements for a diversified portfolio of clients in the following sectors:
▪ Insurance (Conventional & Takaful)
▪ Leather Shoes Manufacturing
▪ Textile
▪ Government Entities
▪ Hospitals
▪ Real Estate and Builders
▪ Servicing
▪ Non-Profit Organizations
▪ Educational Institutions
▪ Travelling
▪ Sports Manufacturing
▪ E-Commerce
Note: I could only disclose the industries in which I have performed my duties as auditor or consultant but I would not be able to disclose the specific names of clients or Organizations I have worked on due to certain confidential agreements and ethical code. However, all questions pertaining to my knowledge of these industries are welcomed.
The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants around the world. ICAEW was established by royal charter in 1880.
Certified Information Systems Auditor® (CISA®) is world-renowned as the standard of achievement for those who audit, control, monitor and assess an organization's IT and business systems.
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