Usama Bin Zaheer

Financial Control 

- Devise, implement, monitor and improve financial controls to accounting and reporting processes in line with International Financial Reporting Standards

- Monitor system of internal control in all functions and departments and suggest modifications for enhancement wherever possible
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- Monitor execution of internal control plan to ensure that all planned tasks for department activities are carried out efficiently and that agreed recommendations are implemented

- Verification of Payments

- Review of monthly and annual financial information
- Ensure effective cash management, timely collection from debtors, monitoring and comparing sales and income against projections, cost controlling and business guidance to management

- Review and evaluate UCS annual operating budget to ensure that budget meets UCS requirements
- Implement new accounting procedures based on latest developments in IFRS to enhance quality of financial reporting

Compliance 

- Review department processes, policies & procedures and seek continuous improvement

- Effectively monitor internal controls & ensure conformity to approved policies & procedures and compliance to regulatory framework

- Monitor risk assessment and risk registers and assist management in developing strategies for maintaining and effective ERM program
- Planning & Supervision of Quality Management System audits

Consultancy 

- Advise management on financial and control issues and carry out special assignments as and when required

- Facilitate management in decision-making through review and evaluating all financial and IS contracts and other business agreements to ensure that optimum value is achieved

- Provide information and advice on financial management, financial control and procedures and information systems

- Evaluating all proposals with resource implications, including those relating to use of external parties and consultants, and recommend appropriate qualitative and quantitative performance measures

- Review Contract with external parties and suggest modifications to ensure consistency and safeguard of interests

- Facilitate External and Internal Auditors in providing necessary information and explanations

Financial Control

 Direct Accounting, budgets and cost controls.
 Financial analysis, accounting practices and reports.
 Analyze and interprets financial data and recommends improvements
 Ensure fiscal responsibilities

Periodic Review of Financial Statements
 Monthly and annual review of financial statements highlighting significant variances in account balances
Performance Management
 Analyze financial performance against key business metrics and enable management to determine progress against budgets

Regulatory Compliance
 Ensure that the entity is compliant with all laws and regulations and statutes at all time

Advisory Role
 Management advisory on various issues and decision-making
 Providing professional advice or consultancy as and when required

Alignment of Financial Operations with Business Strategy
 Ensuring adherence to laid down financial procedures to facilitate alignment of financial operations to achieve corporate objectives

Monthly Review of Financial Statements
 Monthly review of financial statements highlighting significant variances in account balances

Cash flow Management
 Matching available funds with forthcoming financial commitments

Advisory Role
 Management advisory on various issues and decision-making
 Providing professional advice or consultancy as and when required

To design and implement systems of Internal Control covering all areas of operation including Accounts and Finance, Purchase, IT, Human Resource and branches. The Internal Audit activity is directly reporting to the Audit Committee of the Board of Directors. My reports cover all functional areas including suggestions for improvements in existing procedures, failure to follow prescribed procedures, cost controlling, technical advisory etc.

Overall responsibility of Accounts and Finance including supervision of preparation of periodic financial statement, adherence to commercial and corporate laws and statutes, business taxation, corporate finance and budgeting, cost controlling. Reporting to the Chief Executive Officer of the company