Service
Popular Life Insurance Co. Ltd
Total years of experience :23 years, 10 Months
I have been serving in Popular Life Insurance Co. Ltd. as a Fund Manager of “Employee Provident Fund & Gratuity Fund Department”
Responsibilities:
Accounting for Provident & Gratuity Fund transactions
Regular Accounting of all transactions of the fund including the following;
• Employer & Employee Contributions;
• Investments by the Fund;
• Payments to Outgoing members;
• Interest Income on Bank Accounts and Investments;
• Interest Income on Loan Withdrawals by members of Provident Fund;
• Assist trustees to evaluate the provident fund loan requests by providing the updated balance and eligibility for the loan.
• Response to the queries related to provident fund balance in a timely manner.
• Review & Processing of Withdrawal Applications by the members in accordance with Income Tax Rules, and Trust Rules;
• Calculations and processing of Final Settlements of the members;
• Provision of information regarding member’s balances and deductions from Payroll, on a monthly basis;
• Allocation of Income of the Fund between the members;
• Preparation and provision of the monthly bank reconciliation statements for the provident fund accounts.
• Preparation and provision of Annual Statements to the members;
• Preparation of Annual Financial Statements of the Fund;
Secretarial Services
• Participate in quarterly PF & GF meetings and facilitate trustees for the review of the progress and update trustees on the status of provident fund.
• Drafting Trustee resolutions for opening of Bank Account and investing excess funds of the Trusts.
• Safe keeping of various documents of the Trusts including Trust Deeds, Trustee Resolutions Etc.
• Registration/Approval of By Laws of PF whenever required.
Taxation Services
• Preparing e-profile of the Trusts on NBR e-portal;
• Preparation and filing of monthly, quarterly and annual withholding tax statements;
• Preparation and filing of Annual Income Tax Return;
• Responding to various notices and inquiries from Income Tax Authorities;
Audit:
• Maintain files/ records of the provident & Gratuity fund for the audit purpose.
• Liaison with the auditors in the annual audit of provident fund.
Key Relationships
Internal
Secretary and Chairperson of PF & GF, Finance Officer-Operations, Provident & Gratuity fund trustees, Provident & Gratuity fund members.
External
Bank officials, auditors, Tax adviser, Tax authorities.
Served as Manager Accounts, Taxation and Auditing service
Responsibilities:
• Planning & Conducting Audit.
• Finalization of Statutory Accounts and Audit.
• Preparation of Audit Report/ Accountant's Compilation Report.
• Reporting to Client Management about weakness in the Internal Control System.
• Supervise a team of staffs to produce deliverable.
• Communicate effectively with the engagement team and report progress.
• Provide business and technical guidance to the client.
• Develop and implementing creative solutions for expanding client base.
• Develop a strong team of Audit professionals
Taxation Services:
Make necessary arrangement for Income Tax Assessment of different organizations including submission and filing of return and attend on apple on behalf of client.
Reporting to board Chairman & Managing Director of the company based on detailed audit findings.
•Audit Planning. Collect and analyze data to detect deficient controls, duplicated effort, fraud, or non-compliance with laws, regulations, and management policies.
•Examine records and interview staffs to ensure recording of transactions and compliance with laws and regulations.
•Lead the internal risk assessment process and collaborate with management to execute and perform the responsibilities necessary to achieve the internal audit objectives and scope.
•Delegate, allocate and assign audit works to team members to carry out all audit activities ensuring effective and efficient use of available resources.
•Advise, supervise and oversee the audit activities carried out by the internal auditors.
•Support and encourage team members to be proactive in identifying opportunities to share best practice to improve the control environment.
•Develop new methodologies to improve the audit process, making it “easier” for the organization to request audits and implement recommendations.
•Any other tasks as assigned and entrusted by the management from time to time.
Audititing Service
Served as a Senior Manager at internal audit department. Supervised and report to the management as per direction of higher management.
Served as In-charge of Internal Audit Department.
Served as In-charge of Internal Audit Department.
Served as Accounts Executive, responsible for preparing payroll statement, all type of payment & received voucher and assist to management as there guideline.
Team Leader of Accounts Retainer ship, Audit work and Taxation service on behalf of A. Wahab & Co., Chartered Accountants.
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