Financial Analyst
Pakistan Petroleum Limited
Total years of experience :10 years, 2 Months
Current Responsibilities:
- Preparation of unconsolidated financial statements of the Company
- Preparation of management accounts and variance analysis with comparative period
- Review of reporting schedules and preparation of accounting memo /advice on critical business issues
- Drafting of quarterly directors' report and other board notes
- Review of financial statements of joint venture and associates of the Company for appropriate
disclosure requirements and accounting treatment
- Coordination with internal and external auditors for smooth closure of half yearly and annual audits
Previous Responsibilities:
- Bookkeeping and statutory compliances of PPL Europe E&P Limited (PPLE), a foreign subsidiary of PPL.
- Preparation of head office and branch financial statements of PPLE
- Responsible for completion of head office and branch audits of PPLE
- Perform financial part of the technical and commercial evaluations of bidders for the company's contracts
- Coordination with tax department on taxation matters of PPLE
- Keeping trade debtors’ position up-to-date and follow-up from customers for settlement of overdue invoices of PPLE
- Coordination with Joint Ventures for resolution of queries
- Coordination with business teams for strengthening of processes and internal controls through internal
controls self assessment exercise
- Recommending practical solutions to business to close audit observations
- Representation from Business for Enterprise Risk Management
- CAPEX budgeting and monitoring
- Assistance in monthly reporting of business results
- Oversee plant activities across multiple locations, optimizing month-end closing to a single working day
- Collaborate with IT and Supply Chain Teams to enhance costing accuracy and streamline processes
- Developed a structured plant performance dashboard, offering insights into capacity utilization, order fulfillment, wastages, yields, cost variances, and operational challenges
- Support business development team in costing new products and negotiated with toll manufacturers
- Assist regulatory department in submission of price revision cases for pharmaceutical products to Drug Regulatory Authority of Pakistan
(Initially served as Trainee, later I was promoted in the same role as Assistant Manager Audit)
- Participation in internal audit of Company's businesses with KPMG team
- Participation in Risk & Controlling Matrix exercise
- Contributed to ICI's SAP Velocity project led by PWC Team for optimising SAP utility and implementing segregation of duties
- Designed Internal Controls Self-Assessment Project model for independent monitoring of key control areas
- Automated audit follow-up and evidence gathering using SharePoint Portal
- Reviewed and drafted business policies with refined controls on areas like contract award, customer credit, cash handling, customer discounts, and related party transactions
- Successfully implemented Enterprise Risk Management across the Company, responsible for reviewing all submissions.
Business Finance Manager - Medical Services
Ensure compliance over company policies & Standard Operating Procedures
Conduct financial analysis of rate revisions of medical vendors.
Manage posting of vendor advances in SAP, ensuring timely settlement and following-up of unsettled
advances
Review & audit hospital bills, employee claims, advise corrections and ensure error less & timely
processing of bills
Implementation of Insurance Policy and quarterly analysis
Participate in revision of medical policies and streamlining of processes. Successfully handled
departmental issues in absence of line manager
Category-wise budget preparation of medical facilities provided to different categories of employees
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