Finance Manager
Oceanic Star Line (Pvt.) Limited
Total years of experience :19 years, 8 Months
Short Summary of Responsibilities:
Control Automotive Accounting system of company such as Billing, Receivables, Payable, Fixed Assets management (FA register) for Principle & Agency.
Control fund management and cash book system and re-design cash controlling mechanism.
Monthly Closing on Accrual Basis.
Implemented and control overall internal controls and made SOP's.
Control overall Cost center & revenue accounts and analysis with actual figures, prepare Management accounts as and when required by higher management, And Control Cash Flow activities & Bank Reconciliation on daily basis.
Prepare monthly Profit & Loss A/C and Quarterly & Annually Financial Accounts (Balance Sheet & Profit & Loss A/c along with schedules & Notes of accounts).
Liaison with SECP, FBR, SRB, EOBI, SESSI etc.
Control all banking related issues and maintain relationship with bankers.
Check payroll system (Principle & Aganecy) as per company policies.
Check E-filling of WHT agents on E-FBR portal & Services Sales Tax on E-SRB portal.
Control all Shipping line (slot charges), Terminals, Yards account.
Coordinate with principle team for finalization SOA (all agents over the world) and resolve discrepancies).
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions & control Trail Balance & adjusting entries.
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Supervise the input and handling of financial data and reports for the company's automated financial systems.
Short Summary of Responsibilities:
Control Automotive Accounting system of company such as Billing, Receivables, Payables, Fixed Assets management (FA register) and operational & administrative matters.
Control fund management and cash book system and re-design cash controlling mechanism.
Monthly Closing of GL & TB on Accrual Basis.
Implemented and control overall internal controls and Internal audit system.
Control on Sales & Cost of services, Prepare annual Budget and analysis with actual figures, prepare Management accounts as and when required by higher management, And Control Cash Flow activities & Bank Reconciliation on monthly basis.
Prepare monthly Profit & Loss A/C and Quarterly & Annually Financial Accounts (Balance Sheet & Profit & Loss A/c along with schedules & Notes of accounts).
Liaison with SECP, FBR, SRB, EOBI, SESSI etc.
Control all banking related issues and well aware of issuance of bank & insurance guarantees in PKR & US Dollar currencies and as well able to process property Mortgage with bank and Govt. authorities and Auto car Financing.
Control group payroll system as per group policies.
Coordinate with External Auditor for fulfill all annual audit requirements.
E-filling of WHT agents on E-FBR portal & Services Sales Tax on E-SRB portal AND Annually Income Tax Return on IRIS (AOP, Company & Individual).
Control all Shipping line and Airlines account fortnightly and monthly basis.
Control Fly-Dubai (GSA) account fortnightly basis.
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions & control Trail Balance & adjusting entries.
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Explain billing invoices and accounting policies to staff, vendors and clients.
Resolve accounting discrepancies.
Supervise the input and handling of financial data and reports for the company's automated financial systems.
Supervise import/export pricing and costing reports weekly basis.
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions & control Trail Balance & adjusting entries.
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
To e-file monthly and quarterly tax such as salary, withholding (advances), & annual return.
Computation of Income Tax (Suppliers, Services & Transportation).
To liaison with FBR and E-filing monthly Sales tax.
To prepare Annual return according to income tax law.
To liaisons with government departments & SECP, KCCI, PIPFA matters.
Monitor and review accounting and related system reports for accuracy and completeness.
To Checked Forth nightly Airline Sales Report.
To Control Airline Payable & resolve discrepancy in payment.
To control & ageing Client wise receivable reports.
To prepare and checked Foreign Agent Invoices (Debit/Credit Note).
To prepare Statement of Account (SOA) for Foreign & National Principal on monthly basis, Reconciliation & Finalized accounts.
Correspondence to Various Foreign Agents & Shippers lines and clients.
Checked all banking activities and liaison with branch manager in all manners.
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Explain billing invoices and accounting policies to staff, vendors and clients.
Resolve accounting discrepancies.
Supervise the input and handling of financial data and reports for the company's automated financial systems.
Supervise receivables & payables internal audit & resolve profitability discrepancies.
To Reconciliation ledger (Client, Airline, Shipping Line & Co-Loaders, Expenses & Income A/c).
To present quarterly financial report (Income statement & Balance Sheet) to directors and head office.
Prepare and finalized profit and loss statements, closed revenue/expenses accounts (monthly, quarterly and annually) basis.
Import, Export and Afghan Transit Operational Activities:
To Check Booking on system (AIR, FCL, LCL, CONSOLE).
To Check of Console Boxes feasibility.
Correspondence and negotiations with Karachi & Border agents and transporter for Afghan cargo
To check Afghan cargo tracking report and update to the clients accordingly..
To control all Afghan operational & financial activity for all project of Afghan Cargo & Bulk Cargo and finalized reports to Director.
To control all type of transportation, custom clearance (Karachi & Afghan border) cost, liaisons with our Afghanistan office.
To check FCL, LCL, Co-loaders & Air Cargo Revenue statement.
To check Console Boxes Revenue statement.
To check Central Excise Duty &Sales Tax statement on monthly basis.
To making closing entries for FCL, LCL & Air cargo Revenues & Expenses.
To close revenue for every vessel voyage & flight.
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions & control Trail Balance & adjusting entries.
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
To prepare Foreign Agent Invoices and Debit/Credit Note
To Checked Forth nightly Airline Sales Report.
To Control Airline Payable & resolve discrepancy in payment.
To control & ageing Client wise receivable reports.
To prepare & checked Statement of Account (SOA) for Foreign & National Principal on monthly basis, Reconciliation & Finalized accounts.
Monitor and review accounting and related system reports for accuracy and completeness.
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
Explain billing invoices and accounting policies to staff, vendors and clients.
Resolve accounting discrepancies.
Supervise the input and handling of financial data and reports for the company's automated financial systems.
Supervise receivables & payables internal audit & resolve profitability discrepancies.
To Reconciliation ledger (Client, Airline, Shipping Line & Co-Loaders, Expenses & Income A/c).
To Close GL & Adjust TB
Prepare annual profit and loss statements under supervision of the director finance and monthly closing reports.
Bank Reconciliation on monthly basis.
To check Payment & Receipt Vouchers & follow Receivables & payables Balancing reports with marketing person.
To check Daily Petty Cash Expenses report
To check Invoices & Vendors balances report
To check & finalized Staff Payroll statement as per company rules & regulation.
Adjustment of Journal Vouchers
To control & ageing Client wise receivable reports.
To prepare & checked Statement of Account (SOA) for Foreign & National Principal on monthly basis, Reconciliation & Finalized accounts.
To Reconciliation ledger (Client, Airline, Shipping Line & Co-Loaders, Expenses & Income A/c).
Computation of Income Tax (Suppliers, Services & Transportation).
To check Central Excise Duty &Sales Tax statement on monthly basis.
To control all chartering transaction along with profit and loss statement vessel wise.
To Close GL & Adjust TB.
Prepare monthly profit and loss statements under supervision of the Manager Finance and monthly closing reports.
Short Summary of Responsibilities:
To supervise Audit of NIB Bank Fixed Assets Management and developed Fixed Assets software in Head Office located in Karachi and all over branches in Pakistan in 2005.
To Assist Special Audit in Jan Engineering Co. for Treasury and Current assets management.
To Assist Severals Mutual Funds companies audit. Monitor complete GL and TB and Prepare monthly & annually profit and loss accounts under supervision of the Manager Finance.
Advance Cost Accounting, Advance Managerial Accounting, Advanced Financial Accounting, Advance Taxation, Corporate & Industrial Law, Financial Management, Budgeting, Entrepreneur Strategic planning.
Advanced Financial Accounting, Cost Accounting, Financial Management, Corporate Law & Advance Taxation.
Degree Year Institute B.Com 2004 University of Karachi.
HSSC 2000 Board of Intermediate Education Karachi.
SSC 1998 Board of Secondary Education Karachi.