Muhammad Usman Saleem, Internal Audit Manager

Muhammad Usman Saleem

Internal Audit Manager

The Punjab Aluminum

Location
Pakistan - Faisalabad
Education
Higher diploma, ACCA
Experience
8 years, 8 Months

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Work Experience

Total years of experience :8 years, 8 Months

Internal Audit Manager at The Punjab Aluminum
  • Pakistan - Faisalabad
  • My current job since September 2018

• Perform and execute the financial and operational audits and make recommendations for audit observations and report to the directors.
• Audit of payments, receipts and journal vouchers according to the SOP’s and audit program.
• Physical verification of monthly expense vouchers on the basis of supporting documents as well as approval of competent authorities.
• Verification of payments made to its vendors on the basis of respective purchase orders, gate passes, good receipt notes.
• Physical verification of major addition/deletion in fixed assets during the month.
• Verification of bank reconciliation statements, including preparation/review of bank movements.
• Performance of physical cash count on fortnightly/surprise, to ensure that cash transactions are recorded in ledger on timely basis.
• Perform the stock count of general stores and raw materials on monthly basis.
• Verification of procurement rates on the basis of vendor's quotation and comparative rate sheet.
• Comparison of purchases made by company during the month, with the procurement plans approved by the competent authorities.
• Performing the audit of aging analysis of debtors on monthly basis, to identify the slow-moving parties.
• Documentation of internal audit finding in form of internal audit reports and present to the directors.

Assistant Manager Accounts at Faisalabad Dry Port
  • Pakistan - Faisalabad
  • February 2017 to August 2018

Report to: - Manager Accounts and General Manager

Key Responsibilities: -

 Prepare GL accounting vouchers and maintain day to day operational transactions.
 Handle the petty cash, prepare petty cash vouchers and maintain the record of disbursement.
 Coordinate with the tax consultant for the filing of Income Tax and Sales Tax Returns and resolve the tax related matters.
 Ensure the month end finalization process for trial balance and preparation of monthly financial reports including Income and Expenditure statement, Balance Sheet, Cash Flow.
 Prepare periodic budget and forecast statements.
 Prepare management accounting report as required from Chairman, BOD to have management decisions.
 Recommend and maintain a system of policies and procedures that impose an adequate level of control.
 Prepare debtors, creditors and banks reconciliations statement on monthly basis.
 Contribute to the year-end external audit and liaison with the internal to ensure the compliance of standards operating procedures.
 Maintain the relationship with the clients and banks.

ACHIEVEMENTS
 Assisted finance manager in account collection by phone and mail, increasing accounts receivables by 20%.
 Assistant to implement the Oracle ERP system with integration of Operation Module, results in smoothness of the operation by 100%.
 Managed a financial team of 5 employees responsible for accounts while increasing the efficiency in the department by 12%.

Audit Associate at Kreston Hyder Bhimji & Co
  • Pakistan - Faisalabad
  • September 2015 to February 2017

Responsibilities:
I have obtained adequate expertise in the review of systems and audits. Experience gained included ensuring the adequacy of reporting systems, compliance with management policies and statutory requirements, reviewing existing systems to identify any control weaknesses and reviewing financial statements to ensure compliance with local laws and International Accounting Standards. A brief summary of my responsibilities is included:

External Audit:
 Understanding of a client’s industry and business
 Assessing the internal controls in an organization.
 Designing audit programs and working schedules for the recording and storage of evidence.
 Conducting meetings/ interviewing the client to complete sections of assigned audit work.
 Evaluate the financial information produced by an organization.
 Review financial statements against the evidence collected in the audit process.
 Determine record and test the organization’s accounting system and the information produced.
 Continuously communicating with the Manager and/ or Partner with respect to engagement progress - risks, issues, etc.
 Prepare a formal audit report to assist the partners in expressing an opinion on the truth and fairness of financial statements.

Internal Audit:
FAISALABAD DRY PORT TRUST
Duration: Feb 2016 to Till Date

I am working as an internal auditor associate in supervision of Audit supervisor in this esteemed organization and perform risk based audit program. My essential duties here as:
 Perform Import and Export invoices audit and posted in the system
 Receivable and Payable and other journal voucher audit according to audit program
 Evaluate the adequacy and effectiveness of control and Identify any loophole in the system and make recommendation
 Ensure the Reporting compliance
 Communication with Management regarding issues.
 Assist to prepare an Internal Audit Report and presented to the chairman on findings.

Education

Higher diploma, ACCA
  • at SKANS School of Accountancy
  • December 2015

Major Subjects: -Corporate Accounting -Financial Management -Audit -Taxation -Management Accounting -Business Analysis

Bachelor's degree, BBA ( Banking & Finance)
  • at Government College University Faisalabad
  • August 2012

Major Subjects: -Financial Management -Financial Accounting -Corporate Finance -Banking -Human Resource Management -Marketing -Cost Accounting -Macro and Micro Economics

High school or equivalent, Inter In Commerce
  • at Tips College of Commerce
  • July 2008

Major Subject: -Accounting -Banking -Commerce -Business Math

Specialties & Skills

Auditing
QuickBooks
Peachtree
Financial Management
Accounting
Budgeting & Costing
Reconciliations
Accounts Finalization
Variance Analysis
MIS Reports
Microsoft Excel
Inventory Management
Projected Statements
Cash Flow Management
Oracle EBS
Ms Word
Ms Outlook

Languages

English
Intermediate
Urdu
Native Speaker
Punjabi
Native Speaker

Training and Certifications

SAP R/3 Financial Accounting (Training)
Training Institute:
Excellence Delivered
SAP R/3 Financial Accounting (Training)
Training Institute:
Excellence Delivered

Hobbies

  • Swimming
  • Playing cricket
  • Watching Movies