Farooq Khimani

Assistant Manager Finance
Al Ain - Abudhabi


Profile Views 714

Recommendations (0)

Skills
Cash-flow Management Financial Analysis Financial Reporting Forecasting Accounting & ERP Software Expertise Working Capital Management Variance Analysis Taxation (VAT) Systems & Process Implementation Insurance Financial Management Audit Accounts Payable
  • Experience
    15 Years
  • U.A.E Experience
    --
  • Industry
    Banking & Finance
  • Nationality
    Pakistani
  • Visa status
    Visit Visa in UAE
  • Qualification
    Other - ICMAP Profession I stage complete
  • Driving License: Yes
Other Matching Titles/Position
Industry Titles
Banking & Finance

Summary of Career

1. Oversee financial management of AKHSP operations including cash management, fixed asset management, accounts payable management and finalization of annual statutory audits.


2. Review of General Ledger and ensure all the necessary adjustments identified have been incorporated before the monthly closing. Ensure timely and smooth monthly financial closing of General Ledger.


3. Oversee Payroll processing, Doctors / Consultant sharing, payment to PF members against loan and Full & Final settlements.


4. Ensure proper recording of transactions in line with the budget and seek approval for unbudgeted transactions prior to processing of payments.


5. Liaison with consultants for implementation of new computerized accounting software.


6. Assess operational and financial risks by review of systems & processes and compliance with local laws, legal and grants requirement and develop and implement internal controls.


7. Coordinate with internal audit and granting agency including government agency for releasing funds and other related issues.


8. Authorize reconciliations including bank, sub vs control, donor and AKDN entities.


9. Signing off of cheques for vendors as per the authority matrix after ensuring compliance of policies and procedures.


10. Supervise a team of Accountants, Finance Officers and Senior Finance Officers working in different business entities (operating all over Pakistan).• Responsible to ensure the Pakistan wide management of Cash, inventory and fixed assets count. Rigorously follows the established internal controls and ensures compliance as per policies and procedures and implementation of better processes.


Work Experience (Employment History)

Experience as Tax Consultant

  • Employer

    Tax Consultancy

  • From

    17 December 2018

  • To

    20 November 2019

  • Detail

    Working as Tax Consultant and my area of responsibility includes:-
    Obtaining Income Tax and Sales Tax registration.
    E-Filling monthly and annual withholding and VAT statements.
    Filling of annual income tax returns and wealth statements of individuals and salaried class.
    Filling of annual Sales Tax returns of companies.

Experience as Assistant Manager Finance

  • Employer

    Aga Khan Health Services Pakistan

  • From

    01 January 2018

  • To

    16 December 2018

  • Detail

    Working as Assistant Manager Finance and my area of responsibility includes:-
    Oversee financial management of AKHSP operations including cash management, fixed asset management, accounts payable management and finalization of annual statutory audits.
    Review of General Ledger and ensure all the necessary adjustments identified have been incorporated before the monthly closing. Ensure timely and smooth monthly financial closing of General Ledger.
    Oversee Payroll processing, Doctors / Consultant sharing, payment to PF members against loan and Full & Final settlements.
    Assess operational and financial risks by review of systems & processes and compliance with local laws, legal and grants requirement and develop and implement internal controls.
    Signing off of cheques for vendors as per the authority matrix after ensuring compliance of policies and procedures.
    Supervise a team of Accountants, Finance Officers and Senior Finance Officers working in different business entities (operating all over Pakistan).
    Responsible to ensure the Pakistan wide management of Cash, inventory and fixed assets count. Rigorously follows the established internal controls and ensures compliance as per policies and procedures and implementation of better processes.

Experience as Assistant Manager Finance

  • Employer

    Aga khan university hospital karachi

  • From

    01 May 2012

  • To

    31 October 2017

  • Detail

    Worked as Assistant Manager Finance-Insurance & Taxation and my area of responsibility includes:-
    Keeping abreast of all Taxation Laws and Regulations (particularly Sales Tax/VAT, Income Tax, Provincial Sales Tax/VAT, Import Duties, Federal Excise Duty, Capital Value Tax, Custom Duties, Stamp Duty, Property Tax and other local levies etc.) and informing management of any changes which has implications on the organization.
    Ensuring compliance of all tax matters and manages timely fillings of Income Tax, Sales Tax/VAT statements/returns.
    Ensure that exemptions available to the organization are materialized through correspondence and compliance of procedural requirements.
    Reviewing transactions, agreements, contracts and assessing tax exposure on the same and provide advice to various internal users on applicability of tax levies while receiving or making payments (local and foreign).
    Liaison with tax advisors and lawyers in providing and responding to the tax. Managing timely incorporation tax updates in ERP system.
    Managing Marine, Group Life, Motor Vehicle, Terrorism, Liability, Health insurance, Cash in transit, Fidelity, Industrial all risk, Machinery Breakdown, Medical Malpractice and Research Insurance policies of the institute.
    Administration of medical services provided to Insurance and Corporate customers of the Hospital.
    Managing and negotiating service contracts with insurance companies.
    Coordinate with insurance companies regarding eligibility, payments, reconciliation and other requirements.
    Managing timely submission of claims for losses and ensure reimbursements from insurance companies at correct values.

Experience as Senior Finance Officer-II

  • Employer

    Aga khan university hospital karachi

  • From

    01 December 2010

  • To

    30 April 2012

  • Detail

    Worked as Assistant Manager Finance-Insurance & Taxation and my area of responsibility includes:-
    Keeping abreast of all Taxation Laws and Regulations (particularly Sales Tax/VAT, Income Tax, Provincial Sales Tax/VAT, Import Duties, Federal Excise Duty, Capital Value Tax, Custom Duties, Stamp Duty, Property Tax and other local levies etc.) and informing management of any changes which has implications on the organization.
    Ensuring compliance of all tax matters and manages timely fillings of Income Tax, Sales Tax/VAT statements/returns.
    Ensure that exemptions available to the organization are materialized through correspondence and compliance of procedural requirements.
    Reviewing transactions, agreements, contracts and assessing tax exposure on the same and provide advice to various internal users on applicability of tax levies while receiving or making payments (local and foreign).
    Liaison with tax advisors and lawyers in providing and responding to the tax. Managing timely incorporation tax updates in ERP system.
    Managing Marine, Group Life, Motor Vehicle, Terrorism, Liability, Health insurance, Cash in transit, Fidelity, Industrial all risk, Machinery Breakdown, Medical Malpractice and Research Insurance policies of the institute.
    Administration of medical services provided to Insurance and Corporate customers of the Hospital.
    Managing and negotiating service contracts with insurance companies.
    Coordinate with insurance companies regarding eligibility, payments, reconciliation and other requirements.
    Managing timely submission of claims for losses and ensure reimbursements from insurance companies at correct values.

Experience as Senior Budget Analyst

  • Employer

    Aga khan university hospital karachi

  • From

    01 August 2009

  • To

    30 November 2010

  • Detail

    Worked as Senior Budget Analyst and my area of responsibility included:-
    Carry out costing, budgeting and monitoring activities of Aga Khan University Hospital which include Collection Points and Hospitals of Pakistan & Afghanistan.
    Develop costing models and carry out costing of different upcoming projects.
    Conduct feasibility studies / financial evaluation of upcoming projects.
    Develop Budget Variance Report and generate financial performance reports to monitor the performance of different projects.
    Supervise Accounts Payable function.
    Played active role in acquisition of four secondary hospitals of AKHSP.

Experience as Manager Revenue Budgeting

  • Employer

    Roshan Telecom

  • From

    01 August 2008

  • To

    31 December 2008

  • Detail

    Worked as Manager Revenue Budgeting and my area of responsibility included:-
    Overall project management for development of revenue budget.
    Modeling and integration with finance for the Budget Exercise.
    Provide functional support to different departments for pricing and budgeting.

Experience as Senior Finance Officer

  • Employer

    Aga khan university hospital karachi

  • From

    01 April 2007

  • To

    31 July 2008

  • Detail

    Worked as Senior Finance Officer and my area of responsibility included:-
    Budgeting & financial reporting as per granting agencies and organizational requirements.
    Prepare quarterly / half yearly / yearly financial reports for onward submission to Aga Khan Foundation, Pakistan and other granting agencies.
    Assist in preparing financial / grant proposals for upcoming projects.
    Supervise the Accounts Payable & Treasury functions and coordinate closings and audits.

Experience as Senior Planning Officer

  • Employer

    Aga khan university hospital karachi

  • From

    01 September 2005

  • To

    31 March 2007

  • Detail

    Worked as Senior Planning Officer and my area of responsibility included:-
    Carry out costing, budgeting and monitoring activities of the on going as well as new projects.
    Develop costing models and carry out costing of construction projects based on historic construction cost of
    different projects executed within the organization.
    Conduct feasibility studies / financial evaluation of projects. Maintain and allocate the indirect cost
    allocation model.
    Develop and update cash flows of projects, variance analysis and generate financial reports.
    Analyze project cost information and participate in developing cost cutting strategies.

Experience as Accountant

  • Employer

    Aga khan university hospital karachi

  • From

    01 May 2003

  • To

    31 August 2005

  • Detail

    Worked as Accountant and my area of responsibilities included:-
    Supervise the Accounts Payable function and coordinate monthly/annual closing.
    Provide support in implementing ERP software (People Soft V8.10).
    Supervise monthly schedules prepared by sub-ordinates and ensure timely settlements of advances,
    receivable and liabilities.
    Supervise the submission of Tax Challan to State Bank of Pakistan on weekly basis.
    Review Bank Reconciliation Statements and take timely actions to resolve outstanding items.
    Handle the queries related to Withholding, Income & Sales Tax/VAT.
    Assist in annual audits.

Experience as Accounts Specialist

  • Employer

    Revelation CPF Inc

  • From

    01 January 2003

  • To

    30 April 2003

  • Detail

    Preparing drafts of different Marketing Plans for the clients.
    Organize different events on behalf of our clients.
    To assist Media Manager in preparing different proposal and schedules.
    To act as a facilitator between Creative Department and our Clients.
    Deliver presentations to prospect clients.

Experience as Management Trainee

  • Employer

    Sadruddin & Company

  • From

    01 August 2008

  • To

    31 December 2002

  • Detail

    Handling communication with the foreign clients.
    Assist the Export Manager for different tasks related to export.
    Supervise the shipping of consignments.

Academic Qualification

Master 01 October 2002

Finance

Bachelor 01 June 2001

BBA(Hons) Finance

Bachelor 31 December 2001

BCOM

Other 31 December 2008

ICMAP Profession I stage complete
Certifications
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