Finance Manager

• Jun 2022 - Present

Chief Accountant

• Oct 2017 - May 2022

•Handle full spectrum of financial accounting roles e.g. Accounts Receivables, Accounts Payables, General Ledger, budgeting, etc.•Responsible for day-to-day finance and accounts operations and ensure quality control over financial transactions and financial reporting.•Ensure the accuracy and completeness of month-end and year-end closing procedures to issue Financial Statements on time.•Prepare and publish Monthly, Quarterly, Biannual, and Annual Standalone and Consolidated Financial statements within deadlines. •Preparing Financial Analysis & MIS Reports.•Monitoring budget-to-actual performance and working with management to obtain budget revisions.•Prepare and submit financial information to Government authorities and banks.•Liaison with banks and handling all banking matters. (Credit Limit, LC, Guarantees, IBCs, etc.) •Oversee Working Capital & Cashflow Management to ensure the smooth availability of funds.•Monitor AP functions to ensure that vendor accounts are reconciled, and payments are done smoothly.•Monitor AR functions to ensure proper revision of credit limits, timely invoicing, and collections. •Review and approve payment vouchers and journal entries.•Analyze A/R, A/P, and G/L entries in SAP and reconciliations.•Oversee Banks Reconciliation Statements. •Preparation of all schedules (prepayments, provision, etc.) for balance sheet accounts reconciliation.•Analyze and monitor CAPEX and OPEX.•Fixed Asset Management.•Ensuring VAT compliance in SAP to file VAT returns on time.•Develop and maintain effective accounting systems and policies to maintain and strengthen internal controls.•Review and supervise the day-to-day work of finance department staff and provide them guidance and support to achieve the organization`s goals. • Liaison with External Auditors (Ernst & Young & Deloitte) and provide them with Standalone and Consolidated Financial Statements and all workings up to Audit finalization. Show less

Chief Accountant

• Dec 2014 - Sep 2017

• Preparation & Finalization of Financial Statements for Management & Audit. • Project Financial Analysis & Reporting. • Monitoring budget-to-actual performance on a monthly basis and working with management to obtain budget revisions • Fund & Cash flow Management. • Revenue Recognition by determining Percentage of Completion as per IAS-11. • Accounts Payable & Accounts Receivable Management. • ABC Costing of Project by allocation of Costs to proper Cost heads & activities. • Preparation of Payroll. • Preparation Imprest Cash Reconciliation for Head Office & Projects. • Preparing Bank Reconciliation Statements. • Variance Analysis for Projects. • Accounting of all transactions. (Payment Certificate, Subcontractors Certificate etc). • Liaison with banks and handling all banking matters.IT & handling all matters relating to. • Development of SOPs for departments. • Implementation & handling all matters relating to REDSKY IT (ERP). Show less

Finance Manager

• Jul 2009 - Oct 2014

• Controlling corporate financial planning & corporate banking. • Financial management & Cash Flow Management. • Dealing with Banks (Dubai Islamic Bank (Pakistan) Ltd, Standard Chartered Bank (Pakistan) Ltd & Faysal Bank Ltd) regarding Credit Lines (MURABAHA , FIM, FATR), Renewals and Enhancements. • Managing all matters relating to Imports, Clearing & Letter of Credit (LC). • Leasing arrangements with banks. • Preparation of Financial Reports with Analysis for management review & decision making. • Preparation of Financial Statement for audit and management purposes. • Preparation of Consolidated Financial Statements for Management & Audit. • Monitoring Inventory systems, controls & Supply Chain Management. • Accounts Receivable & Payable Management. • Conduct External Audits with all workings up to Audit Report. – (Ernst & Young) • Preparation of Provident Fund Accounts & conduct Audit. • Ensure that all tax returns all properly filled as per Tax authorities. • Ensure that all procedures are strictly followed to avoid tax evasion & to avoid penalties from Tax Authorities. • Ensure that all the tax affairs are in compliance with the rules & regulations of tax authorities. • Maintain & ensure that all companies tax policies & manuals are in accordance with tax authorities. • Give training to relevant personals regarding tax laws & procedures to improve accuracy. • Computed tax refunds and adjustments and identify potential tax liabilities. • Budgeting and forecasting with periodical controls and ensuring compliance. • Variance analysis of Pre & Post Costing for Performance appraisal. • Contribution Margin & Break Even Analysis of various products. • Costing of Imported products. • Contribution Margin Analysis & Decision Making (Relevant Costing) Achievements: • Attaining Credit facilities amounting to Rs. 625.00 Mn from banks for business growth. • Implementation of ERP system as Team Head – SIDAT HYDER FINANCIALS. • Development of SOP`s. Show less

Accountant

• Jul 2006 - Jun 2009

• Revenue Recognition. • Accounts Payable. • Accounts Receivable. • Preparation of Payroll. • Preparing Bank Reconciliation Statements. • Variance Analysis. • Pre job Costing for Pricing to Customers. • Post Costing at Completion of the job. • Preparation of Budgets for Projects. • Monitoring invoicing, payment and recovery; • Liaison with banks and handling all banking matters. Achievements: • Implementation of IAS. • Successful completion of all assigned Projects. Show less