Shahzad Ahmed

Financial Reporting

• Reduced reporting time from 2nd week of the month to 2nd working day of the month.
• Helped reducing G&A cost by 20%
• Partnered with other members of finance, treasury and other business units to obtain necessary information for preparation of monthly reports, consolidations and analysis
• Prepared multiple sets of monthly financial statements including work papers and supporting analysis
• Assisted in the coordination, planning and execution of external audits with independent auditors. Partnered with other members of finance, treasury, and other departments to obtain necessary information and analysis to support reporting and auditing process.
• Financial Modeling
• Documented accounting policies and procedures for the company.
• Participated in financial reporting and audit process improvements.
• Review, analysis and budget control of G&A expenses.

Budgeting/Forecasting and Financial Analysis:

• Assisted business units and other management through the budget and forecast process
• Assisted management with variance analysis
• Prepared budget reporting in consolidated required format for management and BOD presentations
• Budget Control
• Other responsibilities as assigned.

Internal Controls, Audits

• Developed and maintained internal audit controls and processes to ensure compliance with Group and external audit requirements.
• Prepared and managed all Zakat/Audit schedules.
• Prepared reports on adequacy of controls, outlining discrepancies and recommending corrective actions.
Credit Control
• Managed debtor’s days within the company policy and kept working capital investment at an optimum level.
• Detailed management reporting of Accounts Receivables on a weekly basis including: customer accounts status by division, salesman, and area with full ageing analysis.
• Detailed management reporting of AR bad debts provision on a weekly basis by customer, division, salesman, area.
• Resolved all old AR issues including write offs/legal cases etc.
• Coordinated with regional controllers in setting monthly collection targets as per company policy.
• Ensured the process of credit noted, customer reconciliations and account confirmations.

Manager Operations
May 2007 to July 2009
Have worked as Manager Operations reporting to Regional Manager. Duties include but not limited to:
• Review of daily working of all departments of The Branch
• Maintenance of internal control as per instructions of Principal Office and State Bank of Pakistan (SBP)
• Maintenance of check and balance on daily working
• Back up for Branch Manager in his absence
• Compliance of External, SBP, Internal Audit
• Annual Appraisals of staff
• Preperations of Monthly Statements
• Account Opening and maintenance
• Customer services
• Correspondence with Circle office and other branches
• Daily Balancing of branch
• Team work development
• Any other issue pertaining to day to day working
Branch Manager (Officiating)
May 2008 - November 2008
Have worked as Officiating Branch Manager for six months and surpassed the assigned target of PKR. 900M by achieving PKR. 957 M for the half year ended June 30, 2008, as a manager my duties included.
 Deposit Mobilization
 Sales and Marketing of Bank’s Products
 Approval of Expenses
 Resolution of Branch Issues
 Mid-Year performance appraisals of the staff
 Overall supervision of Branch
Credits Manager
October 2006 to May 2007
Have worked as Credits Manager and was looking after more than 150 clients with the portfolio of more than Pak Rs.2.500 Billion, my duties included:
 Dealing with the clients and assessing the genuineness of their credit demands through detailed financial analysis
 Daily monitoring of all the accounts as most of the clients are availing finance facility against shares.
 Market study and valuation of the collateral securities.
 Forwarding the case if found viable for financing.
 Preparation of Credit proposal and getting approval.
 Completion of the necessary documentation for the disbursement of the approved facilities. Monitoring the smooth running of the account.
 Followup for DP shortfalls.

Have worked as Manager Operations in Main Boulevard Defence Branch . Duties include but are not limited to:
•Review of daily working of all departments of The Branch
•Maintenance of internal control as per instructions of POK and SBP
•Maintenance of check and balance on daily working
•Back up for Branch Manager in his absence
•Compliance of Observations of External, SBP, Internal Audit
•Preperations of Monthly Statements
•Customer services
•Correspondence with Circle office and other branches
•Balancing of branch
•Start of Day / End of Day
•Team work development
•Any other issue pertaining to day to day working

Relationship Manager
• Have Worked as Relationship Manager and had been maintaining a portfolio of Fund based and Non Fund based facilitiesof over PKR.250M. My responsibilities included
Dealing with the clients and assessing the genuineness of their credit demands through detailed financial analysis
Market study and valuation of the collateral securities.
Forwarding the case if found viable for financing.
Getting all the necessary documents completed for the disbursement of the approved facilities. Monitoring the smooth running of the account.

Risk Review of credit port folio of commercial banking for Rs. 5 million to Rs. 900 million.
Associated as Audit Manager in the Internal Audit Department of the bank and conducted audits of various branches. Following are some of the specific responsibilities:
Execution of Planned audit assignments including discussions with the other audit staff, preparation of field planning memorandum and conducting risk assessments.
Supervising the work of other team members on assignment and guiding them in the preparation of work papers, attainment of quality, identifying major business issues and writing detailed exception sheets,
Reporting major business issues to the Regional Audit office and higher management on timely basis,
Keeping liaison during audit with branch management and Regional Audit office,
Finalizing the Branch and departmental ratings and preparation of Audit Summary Reports,
Conducting special assignments as and when desired.

Complete bookkeeping of London and Dundee offices of AD
Reconcialiations of accounts paybles, receiveables and cash bank.
Monthly and anuual preparations of accounts and uploading on website of AD.
Taxation returns IR35, VAT etc. to HM Customs.
Preperation of annual accounts of UK based clients, an assignment given to AOS by Giant UK Limited(A leading UK accountancy company)

Have completed the Articles period with the above firm and served as a Supervising Senior with expertise in providing services in Accounting, Auditing, Management Consultancy and other areas for national international organizations operating both in public and private sector. Job responsibilities include the planning of job allocation to professional staff, keeping liaison with the clients and ensuring that assignments are completed in time with due professional requirements. Monitoring the on job progress of audits and other assignments is an essential part of providing the professional services to clients. Vast experience in finalization process of audit assignments in accordance with the International Accounting Standards, generally accepted accounting principals, applicable legislations and general practices in the relevant industries and preparation of financial statements.