Experience as Accounts Supervisor

• Employer

  Pakistan International Airlines PIA

• From

  07 August 2018

• To

  31 October 2019

• Detail

  • Assisted manager regarding the criteria defined by IFRS 9 (Financial Instrument) for the Security Deposits for weather to unwind or not the Interest yearly if incase interest is being received on certain Deposit.
  • Assisted manager in Highlighting/Finding all the issues related to the Final settlement of the Advances arises due to the lack of Knowledge of the ERP (Oracle) which were resulting in the overstatements of the Liabilities if not adjusted.
  • Corresponding with the Treasury Department to solve, after effectively finding all the issues with hard work, related to the wire of the lease payments.
  • Reconciling of accounts, monitoring & follow to suppliers accounts details for non-payments, and other irregularities.
  • Managing the lease payment budget amount assign, making variances report and reporting to the budget manager for the reasons of variances and for the allocation of additional budget if necessary.
  • Effectively solved the issues caused by the ERP department due to the error while uploading of batch, which nullified the unreconciled amount during the Bank reconciliation of the Fuel payments.
  • Monthly Bank Reconciliation of Aircraft Fuel Payments
  • Performing Aircrafts Monthly Lease Payments Reconciliation and Reporting to related Manager in case of any Discrepancies
  • Working related to Discounting of Security Deposits and winding of interest yearly.
  • Adjusting Debit memo against the Payable if any.
  • Making Workings for the Calculation of Interest receivable on Security Deposits and posting related entries
  • Liaison with external stakeholders (auditors, banks etc.)
  • Posting and processing journal entries & reassuring all the transactions Related to Foreign Payments (Aircraft lease payments, pilot simulation training etc) are recorded correctly & are in accordance with related IFRSs.