Head of Finance, Payroll and Procurement
Niagara College KSA LLC – Group Niagara College
Total years of experience :9 years, 9 Months
General Responsibilities:
1. An active member of NC KSA Senior Management Team (SMT) which is
responsible to take all key decisions for NC KSA in collaboration with
Group General Manager.
2. Assist the Senior Management in ensuring the successful financial
management of NC KSA’s finances & revenue-generating initiatives.
3. Review and update the internal processes of Finance Department including
preparation of Standard Operating Procedures (SOPs) for each accounting
process, to ensure compliance with local laws, as well as per IFRS.
4. Automation of processes, based on the new market development, as much
as possible.
5. Direct and control company’s financial operations and accounting tasks to
achieve financial objectives and increase profitability, cash flow and
support business growth.
6. Controller of cash inflows and outflows for the company to ensure NC KSA
has sufficient liquidity available to run its operations
7. Develop financial models in collaboration with Business Development
department to prepare and finalize the financial proposals submitted by
NC KSA.
8. Main point of contact for all correspondences with ZATCA & General
Secretariat of Tax Committees (GSTC) including preparation, filing and
management of Tax assessments, opened at different forums.
Finance & Payroll:
1. Manage overall accounting operations, oversee maintenance of
accounting records, verify accounting heads assigned to transactions and
ensure appropriate preparation of GL, trial balance and financial records.
2. Oversee all the operations of finance, payroll & procurement department
through a team of associate team members including posting of day to
day and monthly journals on NC KSA financial system, finalizing and
posting monthly adjustments for prepayments and accruals.
3. Supervise and manage the full payroll lifecycle for 300-400 staff including
management of HR software (Empxtrack).
4. Develop policies and procedures and ensure successful implementation of
new financial modules for uploading all day-to-day journals in NC KSA
financial system, based on those policies.
4. Design & lead implementation of automation of staff expenses via
SharePoint Marketplace in coordination with IT team.
5. Ensure timely preparation of monthly financial statements according to
management and statutory (IFRS & SOCPA) requirements and deliver the
month end P&L with meaningful variance analysis to budget & forecasts.
6. Responsible for management of Fixed Assets of the company.
7. Responsible for management of Cashflows of the company.
8. Responsible to review and approve payments in Bank.
9. Main point of contact for statutory financial audit and responsible for timely completion of year-end audit
10. Ensure compliance with local tax legislation, including Annual Income Tax Filing, compliance with Transfer Pricing requirements, Monthly WHT & VAT filings
11. Administer accounts receivable to ensure timely processing of invoices &
receipts there-after
Procurement:
1. Manage vendor relationships for efficient procurement of goods & services, in a transparent & fully accountable manner, ensuring compliance
with financial procedures, value for money & justifiable use of funds.
2. Ensure ethical, professional and accountable procurement procedures &
processes are established and followed.
3. Develop & coordinate annual procurement plans.
4. Ensure that the basis for all major procurement decisions are documented.
5. Liaise with the budget holders and other key staff to determine the product & service needs.
6. Monitor business trends & product availability to pay the best price for goods & services, without sacrificing quality.
7. Identify & research potential new suppliers.
8. Research new products & services to meet the organization’s goals.
9. Administer accounts payable to ensure efficient processing of expenditures based on priority.
1. Provided leadership to the team of 4 finance officers for managing overall finance and accounting operations including financial planning, month and year-end activities, GL, forecasting, budgeting, revenue and expenditure variance analysis, etc.
2. Formulated strategic business plans, and financial mechanisms to minimize financial risk of the company.
3. Monitored and reviewed accounting data, verify all transactions to assess the accuracy of journal entries, scrutinized income-expenditure, evaluated
ledger postings and supervised the closure of daily and monthly books of accounts.
3. Control the purchase ledger and sales ledger; performed monthly adjustments for prepayments, accruals & reallocations.
4. Handled payroll processing for 600 employees including verification of records, bank transfers, approving journals on Microsoft Dynamics GP and
performed monthly reconciliations of Payroll, GOSI and End of Service Control Accounts.
5. Processed all aspects of monthly close of financial records, retrieved necessary month-end statements for monthly closeout process, reconciled all asset accounts, including bank statements, and prepared financial statements.
6. Managed filing of monthly WHT deducted from vendors to General Authority of Zakat and Tax (GAZT); managed monthly VAT submission to
GAZT; managed Annual Income Tax filing and Advance Income Tax filing to GAZT.
7. Led implementation of new ERP Solution (Microsoft Dynamics AX) from designing phase to go-live.
Responsibilities as Audit Senior - Audit & Assurance:
Planned, led and managed audit assignments for clients across diverse sectors as well as non-profit organizations to ensure compliance in financial & operational areas while leading the engagement team.
Conducted audits as per international auditing standards, ensuring compliance of statutory requirements with reference to the Companies Ordinance 1984, Securities & Exchange Commission of Pakistan and the Code of Corporate Governance.
Designed appropriate procedures and audit programs using Voyager and modified the audit procedures throughout the engagement based on new, complicated or specialized circumstances.
Analyzed operational and financial data to ensure efficiency, accuracy, and compliance with relevant laws and standards, as well as to find instances of accounting deficiencies and/or fraud.
Successfully conducted audits and prepared audit reports succinctly presenting audit findings, root causes, and recommendations for corrective action on a monthly or yearly basis.
Performed detailed review of financial statements keeping in mind the reliability and relevance; checked the accounting and financial records of the company to identify any errors of suspicious activities.
Researched and analyzed financial statements and audit-related issues using electronic databases and employed audit tools/software to review and compile financial information.
Responsibilities as Tax Associate - Tax Advisory & Compliance:
Sought approval of Board of Investment (BOI), clearance of interior ministry for registration of branch offices/ companies with foreign holdings/ directorship.
Responsible for preparation and filing of monthly and annual withholding statements of different clients, filing of sales tax returns for clients and preparation and submission of periodic secretarial compliances.
Provided special advisory services in relation to Federal Excise Act, 2005 and handled visa processing of foreign staff on behalf of the clients through BOI, Interior Ministry and Passport Office.
Audit Assistant - Audit & Assurance, Riaz Ahmed Saqib Gohar & Company, Pakistan (Jan 2011 - Jul 2011)