وحيد أحمد

Having over 20 years of experience in the field of Tax, Finance / Accounts & Audit.

Currently working as “Manager Finance & Accounts” in “Independent Hospitals (Pvt) Limited” since November 2018 & reporting to Chief Executive Officer with the following responsibilities.
 Supervise & control of 15 persons in account department who are regularly doing their specific jobs related to, Salary& Wages checking, receipts of patients, Bank accounts and payment to suppliers.


 To prepare monthly & annual accounts.

 To coordinate with the external auditors’ to get the accounts audited.

 To prepare cash flow status on daily & monthly basis.


 To follow outstanding limits & resolve issues related to short term borrowing.

 To arrange Renewal/Enhancements of working capital lines.

 To check markup calculations on monthly basis.

 Prepare & file Annual Income Tax Return of the company.

 Any other special assignment assigned by the Chief Executive other than routine/regular work

Supervise & control of 8 persons in account department who are regularly doing their specific jobs related to Store purchases, Store consumptions, Salary& Wages checking, Sales, Bank accounts and payment to suppliers.
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 To ensure compliance of statutory requirements of companies ordinance 1984, Sales 
 Tax Act 1990 & Income Tax Ordinance 2001.
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 To prepare monthly & annual accounts in compliance with IFRS and International Accounting Standards.
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 To coordinate with the external auditors’ to get the accounts audited.
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 To prepare cash flow status on daily & monthly basis.
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 To follow outstanding limits & resolve issues related to short term borrowing.
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 To arrange Renewal/Enhancements of working capital lines.
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 To check markup calculations on monthly basis.
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 To check monthly Sales Tax Return of the company & report sales tax refund status.
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 Prepare & file Annual Income Tax Return of the company.

 Supervise & control of 6 persons in account department who are regularly doing their specific jobs related to Store purchases, Store consumptions, Salary & Wages checking, Sales, Bank accounts and payment to suppliers.
 To ensure compliance of statutory requirements of companies ordinance 1984, Sales Tax Act 1990 & Income Tax Ordinance 2001.
 To prepare monthly, quarterly, half yearly & annual accounts.
 To coordinate with the auditors to get the accounts audited.
 To prepare cash flow status on daily & monthly basis.
 To follow outstanding limits & resolve issues related to short term borrowing.
 To arrange Renewal/Enhancements of working capital lines.
 To check markup calculations on monthly basis.
 To check monthly Sales Tax Return of the company & report sales tax refund status.
 Prepare & file Annual Income Tax Return of the company.
 Deals with banks regarding daily operations & issues relating to Borrowings.

 To ensure compliance of statutory requirements of Companies Ordinance 1984, Sales Tax Act, 1990 and Income Tax Ordinance, 2001.
 To prepare Monthly & Annual accounts.
 To coordinate with the auditors to get the accounts audited.
 To prepare and file Annual Income Tax Return of the company & the directors.
 To prepare Export Invoices & Store Material casting.
 Managing and planning all payments

 Manage & control the Finance / Accounts department of the above organization.
 Finalize the management accounts, taxable accounts and statutory audits.
 Finalize the consolidated accounts of segments of the company.
 Develop and implement the stock systems of raw materials, W.I.P, finished goods and stores.
 Assist to GM Finance to prepare the budgets (cash, bank, purchases and collections).
 Prepare and finalize the credit (Export Finance) applications.
 Negotiate with banks / financial institutions for arranging the different credit facilities.
 Control all the banking matters i.e. limit approval, limit enhancement & mark up.
 Finalize the costing reports of export shipments.
 Control day-to-day leasing and insurance matters.
 Finalize the different management reports i.e. daily cash report, daily bank report, mark up reports (monthly, quarterly and annual) daily stock reports and any other report according to the requirement of the management.
 Check and finalize the day to day activities i.e., voucher posting, bank reconciliation statements, reconciliation with debtors and creditor, sales and purchase reports, finalize the ledgers, trial balance and all management reports.

Assignments

 Special assignments for development and implementation of accounting system, stock system and management reports of various textile weaving, textile spinning and partnership firms.
 Internal audit assignments of Faisalabad Chamber of Commerce & Industry, Chenab Club Ltd.trading companies and manufacturing industries.
 Annual Statutory Audits of companies belonging to the following group of Industries.

• Sitara Group of Industries. (Textile, energy, chemicals and hospitals)
• Ibrahim Group of Industries. (Textile, energy, manufacturer cum-exporter )
• Arshad Group of Industries. (Textile manufacturer cum-exporter)
• Zahid Jee Group of Industries. (Textile manufacturer cum-exporter)
• Chenab Group of Industries. (Textile manufacturer cum-exporter)
 Annual Statutory Audits of (Credit Departments) following Banks.
Muslim Commercial Bank & National Bank of Pakistan.