Muhammad Nadeem (FCMA)
Chief Financial Officer & Company Secretary at DMK Logistics (Pvt.) Ltd- Claim this Profile
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English Full professional proficiency
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Bio
Credentials
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ACMA
Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan)Jul, 2012- Nov, 2024
Experience
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DMK Logistics
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Transportation, Logistics, Supply Chain and Storage
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1 - 100 Employee
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Chief Financial Officer & Company Secretary
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Aug 2006 - Present
DMK Group - Chief Financial Officer-March 2012 to Present• DMK Logistics (Pvt.) Ltd, • HO: Lahore, Branches: Faisalabad & Karachi.• Operations: Freight Forwarding, Air & Ocean cargo handling, Custom Clearance &Container Transportation, Container Terminal Facility, Container Inspection, and Repair Facility, Joint Venture Contracts & Warehousing.• Main Duties include: Strategies that achieve profit targets, reduced operating cycle, Monitored pricing strategies for each operation and service. Developed financial models and plans for each business operation and follow up for execution. Supervised to establish internal controls, Managed treasury functions including liquidity planning, interest rate, and currency rate fluctuation management. Monitored financing arrangements for Container terminal construction projects. Ensured well-defined accounting policies relevant to revenue, cost, investment, CAPEX, Accounts receivable & Accounts payable, consolidation of accounts, and related taxation. Group Financial & Management reporting analysis and execution for corrective measures. Preparation of income tax compliance statement, withholding tax management and filling, Reviewed Provisional tax monthly filling. Developed and executed new initiatives to enhance the quality of information for better decision-making and worked towards continuous improvement in ERP implementation. Reviewed operations of the finance department, customized goals and objectives and designed a framework for those to be met. Monitored daily reporting control over branches and subsidiaries. Developed budgets and financial forecasting for Air Freight division, Sea Freight division, Container Lift on/off, and Tues Repair. Responsible for internal audit functions, design audit methodology, and audit policies to bring effectiveness and improvement in internal control.
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Accounts Officer
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Apr 2004 - Jul 2006
Rupali Group - Rupafil Ltd- Officer Accounts-Apr 2004 to Jun 2006Joined Rupafil Ltd (Rupali Group) as Accounts officer, Rupafil Ltd was a manufacture of Polyester chips, Staple Fibers, and Filament Yarn. I was directly reported to Manager Accounts: Restructuring of document flow and systems to ensure compliance with internal control requirements. Looking after the overall affairs of accounts-related matters including costing, bookkeeping, invoicing, maintenance of debits, and credit notes. Responsible for the quarterly preparations of cash budgets and making suggestions to cover the deficits in budgets. Assist Manager Accounts in managing the timely submission of monthly financial reports. Initiate computerization of books of accounts. Parallel running of manual and computerized accounting systems, report generation with the help of oracle based integrated software like bank book, cash book, aging of debtors, customer/product wise sales, stock reports, MRR, trial balance, P & L statement and financial position. Restructuring of books of accounts to streamline activities in accordance with International Accounting and Auditing Standards. Drafting the resolutions passed in the BOD meetings and submissions thereon. Compliance with corporate requirements in accordance with the SECP rules in coordination with appointed consultants. Attending audit section quarries and preparation of reply to internal audit. Maintain files regarding advance income tax paid, tax deduction at source on account of receivables and bank withdrawals, and ensure timely deposit of tax deducted by company from payment to suppliers. Intercompany reconciliation regarding transfer of stock, monthly and annual schedules of repairs and maintenance, supervision of all records regarding capital proposals. Month-end activities i.e. General vouching against all accruals and prepayments for monthly accounts finalization.
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Managment Trainee
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Feb 2002 - Mar 2004
SKP Consulting Ltd- Management Trainee -Feb 2002 to Mar 2004Joined Saeed Karman & Patel a firm of Chartered Accountancy for training purposes to meet the institute’s training requirements. Following was the job description: Preparation of internal control procedures of clients. Implementation of ERP systems (i.e. SAGE LINE 50 FINANCIAL AND INVENTORY CONTROLLER) for clients by assessing their internal functional environment and reporting needs. Provision of consultancy regarding inventory management and costing of products and operations. Audit review of various businesses having diversified activities mainly in manufacturing, engineering, and trading concern. Prepare monthly final accounts of clients; scope of assignments was to study the operational policies of the organization, identifying the potentially weak areas for corrective measures. Review and preparation of various statements and returns required to be file under income tax laws. Preparation and filing of monthly sales tax returns of clients. Look after the filling process to SECP under different provisions of Companies Ordinance, 1984.
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Education
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2004 - 2011
Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan)
Master’s Degree, COST AND MANAGEMENT ACCOUNTING -
1998 - 2000
University of the Punjab, Lahore
Bachelor’s Degree, Business/Commerce
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