Manager - Risk & Management Consulting (IARCS)
KPMG in Pakistan
Total years of experience :17 years, 9 Months
» Manager I - Risk & Management Consulting Jul 2022 - Cont.
» Assistant Manager - Risk Advisory (IARCS) Jan 2020 - Jun 2022
» Supervisory Senior - Risk Advisory (IARCS) Jul 2017 - Dec 2019
» Senior Associate - Risk Advisory (IARCS) Mar 2017 - Jun 2017
Summary of Tasks (During Designations Chronology)
• Led and managed internal audit engagements for a diverse portfolio of energy clients, including construction, engineering, utility, and power sectors.
• Conducted risk assessments, formulated comprehensive audit plans, and executed audits to ensure effective risk mitigation and process improvement.
• Developed deep understanding of client business operations and cultivated lasting relationships with key client personnel.
• Provided leadership and guidance to audit teams, ensuring high-quality deliverables within budgeted timelines.
• Advised clients on compliance with control procedures and regulatory requirements, contributing to their operational excellence.
• Serve as the key point of contact for a major energy client, overseeing internal audit engagements, risk management, and process enhancement initiatives.
• Collaborate closely with top executives to understand business needs, assess risks, and develop tailored audit plans.
• Identify weaknesses, recommend process improvements, and ensure compliance with statutory and legal requirements.
• Successfully manage complex assignments covering various units and subsidiaries, highlighting non-compliance and driving corrective actions.
• Deliver timely written reports and oral presentations to client management, Audit committees, and Board meetings.
• Provide mentorship and guidance to juniors, sharing knowledge and expertise to foster their professional growth.
• Responsible for risk management function of my department including onboarding of new clients, proposals, initial screening, KYC/CBC, Client & Engagement evaluations.
During this short period before the climbing up the ladder done extensive work on the following areas;
Performed test for Entity Level Controls
Fundraising process of leading educational institute
Work breakdown structure
HR and Payroll
Ystavia Consultancy is a Pvt. Ltd. company registered with SEC in Pakistan with branch office in Dubai. It renders diversified range of professional services includes outsourcing, market & financial research, book keeping etc. Their main clientage is in UK, Canada, Korea, Sweden, Saudi Arab, UAE, Qatar, Pakistan, Australia and United States.
- Managing all day to day accounting operations including Billing, A/R, A/P, GL and, cost accounting, inventory accounting and revenue recognition, payroll and utilities, treasury and capital assets reconciliations
- Maintain the financial health of the organisation and coordinating the preparation of the budget, including financial forecasts and report variances
- Managing a team of 20 administrative and financial staff, creating an environment of high motivation, positive engagement and providing the support required to ensure the delivery of optimal performance
- Support month-end and year-end close process and ensuring quality control over financial transactions and financial reporting, accurate monthly financial statements
- Developing and documenting robust business processes and accounting policies to maintain and improve effective internal controls
- Providing comprehensive financial reports and interpreting financial information along with recommendations for appropriate courses of action
- Advising on effective investment activities and providing strategic guidance to support company goals
- Conducting in depth analysis of costs, pricing, variable contributions, sales results and performance against set business plans
- Overseeing and assessing company fundraising plans and capital structure and ensuring appropriate cash flow in line with operational requirements
Key Achievements
- Significantly increased annual sales from three million to 10 million through the development and implementation of an effective new system
- Successfully designed and introduced SOPs and procedures
- Played a key role in the implementation of customized accounting software
Accomplishments:
Proffered strategic financial advice, which enabled the company propel yearly revenue from Rs.30 to Rs.54 million.
Designed business and financial plan, along with administrative activities for new venture of Fast Food restaurant by the company. Reported to the Director Finance.
Provided high-level, strategic consultative advice to the Company Directors to allow the realization of cost saving/ revenue enhancing opportunities/ process enhancements.
Key Responsibilities:
Devised/ implemented all aspects of financial control, analysis and reporting to optimize company's cash flows and managing working capital requirements.
Identified, developed controls and processes that highlighted the risks and opportunities. Ensured that the right metrics are employed and that early indicators are used to identify shifts in key forecasted components.
Collated financial reports/ consolidated financial statements that summarize and forecast the company's financial position, such as balance sheet, profit/ loss statements, budget/cost report as well as income and expense forecasts that provided right financial strategy.
Administered accounts payable and receivable functions, streamlined payment process and receivable collection policies. Managed month-end AP/AR closing process.
Headed a team of 4 including factory accountant, payroll, general accountant and cashier. Conducted training sessions to develop highly proficient accounting/ financial management team to achieve defined organization's goals.
QCO is a well-established firm of chartered accountants and management consultants, providing strategic accounting, auditing, taxation and consultancy. Led by 3 Partners and 2 Directors, a network of 2 offices Lahore & Islamabad, it employs over 60 professional staff and QCR rated by ICAP.
Key Responsibilities:
• Working closely with senior managers on high profile audit assignments and strategic audit engagements to deliver detailed, accurate and up to date reports on findings along with advice on how to improve accounting, financial cycles and internal control systems
• Acquiring an in-depth knowledge of financial reporting, risk management and compliance guidelines for multiple industries, including manufacturing, NGO, construction and civil engineering
• Evaluating internal controls, performance gaps and collating evidence in order to deliver effective practical recommendations
• Establishing, building and developing positive working relationships with client staff and external parties
Industrial and Consumer Products Services & Social Sector
• Climax Engineering Limited
• Indus Jute Mills Limited
• AFCO Steel (Pvt) Ltd.
• White Pearl Jute Mills Limited
• White Pearl Rice Mills Limited
• Punjab Oil Mills Limited
• Ravi Green Engineering (Private) Limited
• Jamal Textiles (Private) Limited • Sahara for Life Trust (SOPs)
• Pakistan Dairy Development Co (Govt. of Pakistan)-Internal Audit
Other Assignments
• Crown Resorts and Tours Marketing (Pvt.) Ltd -Internal (Accounting Software Implementation)
• Madeehas Beauty Saloon -Internal (Revenue)
National Pavers is one of leading manufacturing company, making concrete interlocking block flooring system for homes, buildings, industrial projects and urban spaces. It has 3 offices in Lahore, Karachi & Islamabad.
- Administering all aspects of financial, management and accounting in the business and instigating the creation and implementation of robust financial policies and procedures across all functional areas
- Conducting in depth analysis of financial statements to assess performance, profitability, cost control and forecasts
- Devising, tracking and implementing effective planning and control systems across all company levels
- Preparing detailed and accurate monthly and annual financial statements, including P&L, B/S, monthly closing, AP/AR, payroll summaries, cash flow projections, reconciliation statements, ageing analysis and various other cost/benefit analysis
- Maintaining the highest levels of financial integrity and reliability and ensuring compliance with the financial management legislative framework.
- Devising, developing and implementing all aspects of financial control, analysis and reporting to optimise company cash flow and managing working capital needs
- Identifying and developing robust controls and processes to highlight risks and opportunities whilst ensuring use of suitable metrics with early indicators to identify shifts in key forecasted components
- Leading, managing and motivating a team comprising factory accountant, payroll, general accountant and cashier, and delivering effective training to develop staff accounting and financial management skills
Key Achievements:
- Played a key role in helping the company increase annual revenue from Rs.30 to Rs.54 million through the delivery of high quality strategic financial advice
- Successfully implemented a strong internal control system in plant to identify lag in factory information reporting to Head Office and irregularities worth PKR. 1 million
- Significantly improved reporting process by 50%-70% after partnering with an IT service provider, completing an accounting software package and designing the chart of accounts
Joined the organization as Accountant, moved on upward career trajectories, to merit promotion to the position of Accounts Office.
Designation Chronology:
- January 2005 - August 2006: Accounts Officer
- November 2003 - December 2004: Accountant, Sughra Shafi Medical Complex (a project of SAHARA for Life Trust).
Qualified CIA
Pass
Project: A review of the marketing strategy of General Electric (GE) and its effectiveness
B