kalim ullah
Finance professional
Dubai
Summary of Career
• Lead Finance Department of the UK fastest growing Health recruitment organization and its subsidiaries with expansion across Pakistan & UK. • Performed financial analysis between one of top International leading Cash & Cary & online chain stores Sainsbury’s and Tesco UK. • Financial modelling Business plan for Canadian photographer client with Surplus results raise of equity up to $ 50,000. • 0.5 Million PKR Saved costs quarterly through process efficiency in food Supply Chain. • 25% increase in client retention through automation of Order to Cash Cycle and Inventory management • Ensured and extract that the overhead costs allocated to the Concession was not fair and it was overcharged with 145 hours/annum after audit and reviewed the minutes of operating for Oil & Gas field concession of ENI.
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• Performed successful implementations of IFRS from Saudi GAAPs’ for large Saudi Arabian business group within timelines provided by the Saudi regulators. • Successful performed Gaaps, Assessment & Conclusion on IFRS 9 & IFRS 15 for Saudi Arabian business Group. • Member of the team that designed and evaluated Internal Controls as per COSO / SOX for different organizations that include Pakistan Trillium Securities Pvt Ltd, A category Foreign Exchange organization, Honda, HSY.
• Identified, Investigated and monitored more than 35 branches & franchises over 100 large accounts for suspicious transactions activities on daily basis in financial services business. • Implemented Risk Assessment, Internal Controls & AML Compliance policies manuals for organizations to mitigate the Going concern risk. • Saved 25% of annual cost reduced within 1st quarter of worth costs of business operations to the organization by designing “Expense Reduction Analysis” • Designed KYC(know your customer) & Due diligence Framework for organization to identifying High-Risks of Money Laundering. • 25% Operational Excellence of the department improved as the risk of split PO practice mitigated, by redesigning Procurement Policy / SOP Manual for INGO • Suggested key budgetary changes in annual budget cycle to increase company profits by 10%. And discovered major instances of fraud, embezzlement and large balances due for F & B business • Designed Corporate Governance gaps research based paper among different countries to assess the compliance strength in organizations comparison.
Experience as Financial Consultant - Self Consulting
01 July 2019
31 December 2019
Headed the consulting assignment of F & B business growth services in Pakistan, being responsible for Strategic Financial Planning and Analysis, Expense reduction analysis for raising equity and Investment advisory.
Key Responsibilities:
• Successfully improved financial plan to enhance the business strength to achieve business goals.
• Performed cost cutting for Capex & Opex to enhance the investment techniques for expansion of business operations & implemented the compliance policies for wastage of food items.
• Reviewed and revamped Procurement Policy Manuals and enhanced it further for business growth in operations.
• Assisted the management team, where I evaluated Internal Controls and reported the control deficiencies to higher management
Headed the consulting assignment of F & B business growth services in Pakistan, being responsible for Strategic Financial Planning and Analysis, Expense reduction analysis for raising equity and Investment advisory.
Key Responsibilities:
• Successfully improved financial plan to enhance the business strength to achieve business goals.
• Performed cost cutting for Capex & Opex to enhance the investment techniques for expansion of business operations & implemented the compliance policies for wastage of food items.
• Reviewed and revamped Procurement Policy Manuals and enhanced it further for business growth in operations.
• Assisted the management team, where I evaluated Internal Controls and reported the control deficiencies to higher management
Experience as Finance officer
Impact care services Ltd UK
01 March 2019
30 June 2019
Finance officer, Impact Care Services Ltd UK- Islamabad
April 2019 – June 2019
Impact services Ltd UK is fastest growing bespoke Health Care recruitment organization. And it is one of the most leading health recruitment organization in the UK. Headed the finance department of Impact care services Pakistan Subsidiary, being responsible for Payroll, Bookkeeping, VAT filing and follow up with HMRC UK, Financial Accounting, Bank reconciliation, Internal controls effectiveness, Petty Cash , Sales, Receivables & Payables accounting and follow up with employees and clients for 4 health organizations at a time with collaboration of finance team.
Key Responsibilities:
• I was responsible for financial bookkeeping of organization and to supervise other staff members who assist with bookkeeping duties. Thoroughly reviewed financial statements of organization and its subsidiaries & correct any discrepancies in bookkeeping and performed bank reconciliations.
• Entered employee information & payroll data into the system, collect and verified time sheets.
• Calculated payables hours, commissions, bonus, taxes and deductions.
• Processed new employees, promotions and terminations and issued statements detailing earnings & deductions.
• Maintained, prepare and update periodic payroll reports and records.
• Maintains & updates VAT tax records of organizations & prepared tax accruals for company records and accounts.
• Prepared all tax compliance reports for organizations and its subsidiaries, calculate and file vat returns in HMRC portal.
• I was responsible to report on the company’s financial health and liquidity & Audit financial transactions and documents.
• Reinforced financial data confidentiality and conduct database backups when necessary & comply with financial regulations
• Processed accounting receivables and incoming payments in compliance with financial policies and procedures
• Performed day to day financial transactions, including verifying, classifying computing, posting and recording accounts receivables’ data.
• And reconciled the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
• Verified discrepancies by and resolve clients’ billing issues & facilitate payment of invoices due by sending bill reminders and contacting clients.
• Generate financial statements and reports detailing accounts receivable and payables status.
Experience as Anti Money Laundering Analyst, Islamabad, Pakistan
12 September 2019
31 March 2020
Started to work as an Anti-Money Laundering Analyst for compliance business consulting assignment. And added different values of compliance in one of the largest “A” category Foreign Exchange business in Pakistan.
Key Responsibilities:
I was Responsible for identifying and researching the patterns, trends and anomalies in complex transactional and customer data to prevent, and report suspicious activity related to money laundering.
• Used transactional and customer records, external data, publicly- available information, and other information to identify suspicious or unusual activity and produced effective procedures for performing investigations.
• Implemented AML policies and procedures to evaluate compliance with regulatory requirements and standards.
• Updated quality control standards, methods and procedures to meet compliance requirements as per regulatory authorities.
• Collaborated with team to define business requirements for organizational processes, achieve productivity standards and adhere to accuracy standards.
• Performed monthly AML risk-based review and analysis on individual and business accounts and made recommendations for further review.
• Determined and implemented additional steps, validating KYC risk compliance based on research of customer records verification of account purpose and legitimacy, analysis of transaction activity.
• Conducted reviews of client documentation and information obtained by client contacts within the business units.
• Ensured that information obtained was consistent with AML Policy and Procedures and satisfied regulatory requirements.
Experience as Senior Business Analyst
Hyphen Consultancy
11 May 2015
10 September 2018
Hyphen Consultancy is an emerging management consulting firm well known for delivering high quality business advisory services to clients in MENA region that includes IFRS Implementations, GRC, VAT consultancy and Assurance services
Key Responsibilities:
Joined as an associate and received multiple promotions to become Senior Business Analyst within three years. Provided the following services to Public and Private sector entities including large multi-national groups to SMEs’:
• MMG Group plc, and Farabi Petrochemicals Group, Saudi Arabia – Preparation of IFRS financial statements
• INGO Saba Aslam Education & Welfare trust – External Audit and Policies Manuals ( HR, Financial Management )
• OMV & ENI – Non-Operator Audits for FY2014, FY2015 & FY2017
• HSY Fashion designer – CFO services, Business Process Improvement, Setting up of Accounts department from scratch
• Honda Avenue – Internal Control Design, GAP analysis and Assurance Reviews
• INGO Saba Aslam Education & Welfare trust & USAID – External Audit & Accounting services
• Trillium Securities Pvt. Ltd – Internal Control Design, GAP analysis and Assurance Reviews.
• FBR Income & corporation tax filing for many organizations. And was responsible for filing returns of organization in SECP regulator.
Other 01 August 2013
HDA - (Higher Diploma in Accounting) One year Accounting Diploma from Scottish Qualifications Authority from Distance learning institute SBM Islamabad.Other 04 March 2021
CA - England and Wales 2nd last module candidate from Institute of Chartered Accountants in England and Wales. And i have completed my ICAEW articleship from well known advisory firm in Islamabad