Experience

International Industries Limited

• Pakistan
• Manufacturing
• 200 - 300 Employee

• Financial Reporting Analyst

  • Dec 2022 - Present

   Leading the financial reporting and analysis function, ensuring timely and accurate preparation of financial statements, including income statements, balance sheets, and cash flow statements, in compliance with IFRS of wholly owned foreign subsidiaries located in Australia and Canada named as IIL AUSTRALIA PTY LTD and IIL AMERICAS INC. simultaneously.  Responsible for translating financial accounts into presentation currency of a parent company for statutory compliances under IAS-21.  Providing financial insights, recommendations, and in-depth financial analysis, including financial ratios, profitability analysis, cash flow analysis, and trend analysis, to assess the company's financial health and identify areas for improvement.  Responsible for submitting BAS (Tax Reports) to Australian Taxation Office (ATO) on a monthly, quarterly, and annual basis, ensuring compliance with local tax regulations.  Collaborate with cross-functional teams, including Accounting, Treasury, Tax, and Investor Relations, to gather financial data, ensure consistency in financial reporting, and address inquiries related to financial results.  Participating in the monthly, quarterly, and year-end financial close processes, including journal entries, reconciliations, and financial statement preparation, to ensure accurate and timely financial reporting.  Responsible for managing the invoice financing credit line in foreign currency under IAS-21 and IAS-9.  Responsible for implementation of forward contracts for cash flow hedging risks associated with foreign currency fluctuations, mitigating potential financial losses under IAS-21 and IAS-9.  Preparation of month-wise budget of company including month-wise statement of profit or loss, statement of financial position and statement of cash flows, Annual Sales budget, Annual Purchase budget, Annual OPex and CAPex budget.  Preparation of Monthly review presentation and quarterly board meeting presentation. Show less



FlexxApps LLC

• United States
• Software Development
• 1 - 100 Employee

• Assistant Manager Finance

  • Mar 2021 - Dec 2022

   Leading finance team & ensuring accurate maintenance of financial records and daily transactions of two group entities registered in USA and Pakistan.  Preparation of monthly financial statements along with relevant schedules & notes to the accounts.  Supervise and manage month end closing process to ensure accurate financial reporting.  Preparation of annual budgets segregated by group’s companies.  Preparation and timely execution of company’s payroll.  Assisting and co-ordination with tax consultants in preparation of income tax return to IRS (Internal Revenue Services – USA), and FBR (Federal Board of Revenue – PAK).  Analysis on financial performance of each product line of company with suggestion to improve performance and cost curtailment.  Preparation of international payments from USA to Pakistan.  Prepare and perform ah-hoc reports for the finance manager & CFO.  Supervising routine tasks of the department; including maintaining Fixed Assets Registers, processing for payments of outsourced services, vendors and receivables.  Participation in preparation of Business Planning Process and its streamlining.  Responsibilities related to ERP Development (In-house Product):  Leading the design and development of in-house SAAS based, multi tenancy ERP system.  Studying and analyzing system specifications and design concept with accounting compliances and business practices.  Regular coordination, communication and follow ups with project managers and developers for timely solution of issues.  Constant research and development of the software, its features and functionality to keep abreast with changing environments and advancing technologies like crypto and NFTs.  Preparation of SOPs for sales marketing, work load management and different policies and procedures for the well-being of the company. Show less



Granulars Private Limited

• Assistant Manager Finance

  • Sep 2021 - Feb 2022

   Involved in active co-ordination with banks for getting car financing for the company.  Managing control work sheet for short-term investments like TDRs, T-Bills and Mutual Funds along with the compliances of IAS 39, IFRS 9 and IFRS 7.  Financial appraisal of future projects of company.  Preparation of cost allocation department wise.  Execution of monthly material ledger (Closing Activities)  Validate the cost of sales and stock value as a part of month end closing procedure in ERP system.  Involved into the verification and approval of Sales Invoices, Bills, Payments and Receipts.  Monitor budget vs actual in all aspects i.e., Sales, direct expenses and overhead expenses.  Assisting and preparation of new product feasibilities with sales and production departments.  Recording and reporting of Inter-group transactions.  Critical and analytic view of company with historic data in terms of revenue, expenses, cost per billable employee, overhead cost per employee and any other metrices or driver.  Preparation of management reports and financial forecasts for presentation to B.O.D.  Preparation of report on periodic variances and their root-causes, focusing on spending variances.  Preparation of Package Scheme of Incentives (PSI), MIS Reports, analytical for profit and loss statements area wise and sales performance report of area managers.  Assisting in policy making for PSI, vehicles to area managers, sales performance bonuses and other official memorandums for the company.  Internal audit for Inventory control and management.  Managing gratuity funds maintained under IAS – 26 with complete compliance.  Responsibilities related to Regulatory Authorities:  Submission of Bi-Annually WHT Returns U/S 165, and Annual Employee’s Statement U/S 149  Making and submission of the monthly sales tax returns (Annexure C).  Preparation and assisting in finalization Corporate Income tax and deferred taxation under IAS – 12. Show less



K-Group of Companies

• Pakistan
• Facilities Services
• 1 - 100 Employee

• Senior Finance Executive

  • Mar 2018 - Sep 2020

   Responsibilities related to Financial Reporting & Regulatory authorities:  Managing short term investments like TDRs, T-Bills and mutual funds.  Preparation and submission of B-Annually WHT Returns U/S 165, and Annual Employee’s Statement U/S 149  Making and submission of the monthly sales tax returns (Annexure C & A).  Making and submission of monthly services tax returns for SRB and PRA.  Liaison with external auditors and assist in smooth conclusion of External Audit within deadline.  Preparation of submission of Statutory returns for SECP.  Responsibilities related to Operational Activities:  Supervise Internal audit for Inventory control and management.  Preparation of Funds transfers to branches of the companies.  Preparation and recording for inter group transactions.  Payroll processing and fixed asset management.  Managing process of import cycle which includes; EIF Management (WeBoc), Insurance, bank documentations, shipping line and clearing agents.  Prepare various month-end closing journal entries.  Responsible for recording all expenses Cost Center wise.  Preparing monthly aging and making details for overdue customers.  Supervising peers on Accounts Receivable.  Maintaining Petty Cash Fund, coordinate with banks, vendors, customers and different department to ensure smooth operations. Reconciliation of banks, petty cash and intercompany transactions.  Leading the migration and implementation process of web-based ERP system.  Reporting to Management Includes:  Prepare report on margins division wise for Business Review meeting.  Assisting in preparation of product costing.  Participation in planning and preparation of budget related analysis for management perspective.  Preparation of Monthly/Bi-Annually/Annual Budget for company and its sister concern companies. Show less



Faruq Ali & Co.

• Accounting
• 1 - 100 Employee

• Audit Trainee

  • Sep 2017 - Feb 2018

  Working experience in the capacity of Audit Trainee in the Audit and Assurance department of the firm with the following key responsibilities:  Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations and designing audit strategies in consultation with the Engagement Partner/ Manager, after assessing the audit risk in the light of the assessment of the client’s overall control environment.  Assist client audit engagements, which include planning, executing and completing financial audits.  Develop and maintain productive relationships with client management and deliver value to the client by providing knowledge, ideas and solutions for improving the business and assessing legal implications.  Application of International Financial Reporting Standards (IFRSs), International Auditing Standards (ISAs), Corporate Regulations and SECP requirements.  Review of Financial Statements and code of corporate governance compliance review, Show less