Sheraz Sarwar, Finance Controller

Sheraz Sarwar

Finance Controller

Packages Limited (DIC Pakistan Limited)

Location
Pakistan
Education
Doctorate, ACMA
Experience
15 years, 8 Months

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Work Experience

Total years of experience :15 years, 8 Months

Finance Controller at Packages Limited (DIC Pakistan Limited)
  • Pakistan - Lahore
  • My current job since April 2013

FINANCE CONTROLLER | DIC PAKISTAN LIMITED | APRIL 2013 TO PRESENT
Reporting to CFO & CEO of the organization
About the Organization: DIC Pakistan Limited is a joint venture of DIC Corporation, Japan and Packages Limited, Pakistan. Extensive reporting is required for local & foreign JV partners.
My main duties as finance controller include;
• Supervision of finance department, creating environment for team work & development of good working conditions in my domain.
• Training & coaching new recruits and existing employees about operations in SAP & development of succession planning.
• Analysis of current systems & practices in company to suggest improvements of system, devising and improving policies and current procedures.
• Ensuring compliance with corporate law, taxation laws and code of corporate governance & continuous monitoring of changes in these laws.
• Responsible for chart of accounts (COA) & master data maintenance under Financial Accounting in SAP.
• Consolidating annual budgets and half yearly projections of the company
• Analysis of management reports and rolling forecast to enable management take corrective actions in advance to fill the gaps against targets/budget defining abnormal costs.
• Liaison with internal and external auditors and implementation of various observations raised by them.
• Arranging meetings of BOD & Audit Committee and preparing minutes thereafter.
• Ensuring compliance with SECP (Securities & Exchange Commission of Pakistan).
• Oversight of payable & receivable cycle, implementation of rules of authorization/matrix within the organization to reduce risk of fraud in financial system.

Chief Accountant at DIC Pakistan Limited
  • Pakistan - Lahore
  • September 2008 to March 2013

Reporting to CFO of the organization
Main duties as a Chief Accountant include;

• Coordinating and monitoring all core business financial processes, payable management, bank reconciliations and Trade debts management.
• Supervision of accounts department & oversight of all departmental tasks.
• Lead role in implementation of SAP in the company including defining accounts department user requirements, testing developments, ensuring smooth parallel run and tweaking SAP operations after implementation.
• Preparing management and statutory accounts of the company with detailed information on abnormal trends and items and comparing actual with budget and previous periods.
• Ensuring accuracy, integrity and completeness of financial reporting.
• Coordinate with all departments for collecting data for preparing and compiling budget/forecast
• Liaising with auditors to ensure timely completion of audits to meet requirements and deadlines set by JV partners.
• Preparing and finalizing annual corporate tax return to ensure compliance with laws.
• Supervise controlling module ensuring proper and true standard cost are defined for each cost center/work center, reporting on abnormal variances between standard and actual costs and work activities, reviewing wastage include plant level wastage.

Education

Doctorate, ACMA
  • at CIMA, UK
  • September 2017

Associate member CIMA

Higher diploma, CGMA
  • at CIMA, UK
  • September 2017

Awarded on membership of CIMA, UK

Master's degree, Cost & Management Accountant
  • at Institute of Cost & Management Accountants of Pakistan
  • March 2013

ACMA 2013 Institute of Cost & Management Accountants of Pakistan - - -

Master's degree, M.Com. (Finance)
  • at Hailey College of Commerce, University of The Punjab
  • January 2001

University of The Punjab, Lahore 2100 1776 A

Bachelor's degree, B.Com
  • at Punjab College of Commerce
  • January 1999

B.Com. 1999 Punjab College of Commerce, Lahore 1300 864 1st

High school or equivalent, Pre-medical
  • at Govt. Shalimar College
  • January 1997

F.Sc (Pre-medical) 1997 Govt. Shalimar College, Lahore 1100 715 1st

High school or equivalent, Science
  • at Govt. High School Baghbanpura
  • January 1995

Academic Level Passing Year Institution Total Marks Marks Obtained Grade/Status Division Matriculation (Science) 1995 Govt. High School Baghbanpura, Lahore 850 711 A+

Specialties & Skills

Management Accountant
Financial Reporting
Internal Reporting
Internal Audit
Accounting
AUDIT (External & Internal)
BUDGETING
FI/CO SAP Power User
FINANCE
TEACHING
MS OFFICE
Accounting
Management / Financial Analysis of System processes

Languages

English
Intermediate

Memberships

ICMAP
  • Associate Cost & Management Accountant
  • March 2013
CIMA
  • ACMA
  • September 2017
CIMA
  • CGMA
  • September 2017

Training and Certifications

SAP implementation as FI/CO Power end user (Training)
Training Institute:
Siemens
Date Attended:
May 2009