Experience as Executive Finance

• Employer

  Pakistan oil fields

• From

  05 September 2005

• To

  30 April 2012

• Detail

  Finalization of Trial Balance & preparation of schedules. Monthly, semi annual & annual closing. ? Preparation of Budget (Budgeted Vs Actual Expenses), variance analysis & co-ordination with the concerned departments about variances & adjustments as agreed with concern departments. ? Review of expenses and cost centers and its adjustments. ? Preparation of monthly tax return as well as annual tax return and Tax Challans. ? Maintenance of Fixed Assets: Additions, Deletion, Transfer, Retirement, Sale of Assets & Depreciation of Assets. ? Controlling the accounts of Suppliers & Sub Contrators, review & age analysis of outstandings , Verification and approval of invoices and its payments. Deduction of insurance from suppliers unable to provide insurance coverage & Deduction of Tax from suppliers and its payment to Govt. ? Controlling the accounts of Debtors, sales invoices and receipts, matching of receipts with invoices & age analysis of clients. Excise Duty, Royalty and Sales Tax and its payments to Govt. ? Preparation of bank reconciliation (Manual as well as Oracle financial). Co-ordination with banks about bank statements and any query about L.c cost / charges. Controlling Investments and loans with banks and financial institutions. ? Controlling petty cash, payments and receipts. ? Reviewing and checking accounting entries related to production and sale of different products. Reviewing and checking of Sales invoices, Debit/Credit Notes. Prepare various statistical and graphical reports. Maintain all related statutory requirements. Calculation of the Cost/Unit of products. ? Controlling and Maintenance of General Entries and reconciliation of provision accounts ? Performed Internal Audit Activities as per day to day requirements of top management. ? Inventory reconciliation & aging of inventory, stock taking monthly & annual basis & preparation of reports as & when required by management. ? Have implemented oracle inventory and Procurement/purchasing modules by running systems parallel, output / balances reconciliation and also processed data in oracle module i.e. (Receipts, Issues, Transfers, Corrections and Adjustments). ? Preparation of Payroll, recovery of advances, deduction of tax & payments to Govt. ? Having Import/Export Letter of Credit experience as UPC. ? Maintain school, college, hospital & club accounts from G.L to Financial statements, monthly reports on these as required by management.
  

Experience as Chief Accountant

• Employer

• From

  13 June 2012

• To

  17 December 2013

• Detail

  Coordinate and prepare monthly, quarterly and annual budgets, long term financial forecasts and management of budget control. ? Perform variance analysis on financial transactions on a regular basis, provide any resulting information to the seniors if follow-up is required. ? Provide timely, accurate, complete and consolidated accounting and controlling information for management when required. ? Managing day to day accounting activities, maintaining the books of accounts, finalizations and period end closing. ? Constantly monitor and maintain books of accounts ( GL, AP, AR and other sub ledgers) accurately so as to reflect true and fair view of the MIS reports ? Ensure & review period end reconciliation between sub-ledger and general ledger before closure of books. ? Preparation of various monthly reconciliations of bank, creditors, debtors, inter- company accounts etc. ? Follow up of receivables, management of payables as per the cash flow and Investigate and resolve customer / suppliers disputes. ? Evaluate receivables quality and recommend and support appropriate provisions, maintain support for current provision on an on-going basis and recommend write-offs when necessary. ? Controlling and management of fixed assets (addition, deletion, transfer, retirement) and Ensure that all company assets are protected thru proper Insurance and other compliance are met. ? Forecast daily cash requirements and execute daily financing decisions to ensure accuracy of forecasts. ? Projects Cost Analysis, reports on deviating, running, closed, submitted & temporary budget Projects. ? Provide key data on product costing including freight analysis, duty calculation and analysis of margin keeping in view standard costing. ? Inventory aging, stock taking on monthly & annual and reports on consumption for previous years to management for decision making & forcasts. ? To Work closely with the Finance Manager to ensure that expenses are on target with projections that the company operates within budget parameters. ? Evaluate existing cash management systems periodically and recommend appropriate changes to optimize efficiencies. ? Assist the Group Finance Manager in the implementation of Group internal control procedures in order to verify the integrity of all financial information, ensure and maintain historical records. ? Management and execution of payroll as per WPS. ? Evaluate alternative borrowing strategies and make periodic recommendations in order to adhere with the capital structure guidelines. ? Liaising with the auditors (Internal & External) to address the issues raised by them and ensuring the audit report is issued on time. ? Analysis and input on the evaluation of capital projects and report on total Cost, ROI, NPV, IRR and Payback Period as well as variances for all projects. ? Ensuring compliant to company policies and procedures. ? Oversee activities of junior staff as they relate to principal accountabilities.

Experience as Cost Accountant

• Employer

  NAFFCO

• From

  18 December 2013

• To

• Detail

  Preparing project cost analysis for management decision making. ? Projects Cash Flows, Projects Status Inquiry, Invoicing analysis & co-ordination with engineers regarding progress to improve the billing. ? Booking of Project sales orders after reconciliation with approved BOQ and ensure all S.O are linked to project and expenditure type. ? Releasing the project & creating cost budget as per approved budget sheet in oracle & review of agreement amounts. ? Supervise the data entry of materials, manpower and other expenses as per the BOQ into Oracle BOQ estimation to create the cost budget and ensure approved materials are only delivered to projects. ? Approve materials issues and returns in Oracle. ? Add additional line items in Sales orders for variation(Data Loader), extra material requirement, revised BOQ as per the site requirement and approved by the management. ? Closing of sales orders after the completion of the project as per the approval of the management. ? Report & reminders on Temporary Cost & Revenue budgets as per the policy. ? Prepare periodical reports like list of running projects & not started projects , returns analysis, projects profitability reports & manpower analysis. ? Follow to return the damaged materials and ensure to get repaired from supplier. ? Check the project returns with material delivery return form. ? Review of transaction stuck there in interfaces & clear the transaction after solving errors projects, cost management, Auto Invoice Exceptions & interface of Ap project related Invoices. ? Closing of project, Variance Analysis, Adjustment of Variance as per approval. ? Comparison equipments Actual quantity with S.O quantity issued on 100% completion of the project. ? Preparation of Work in Progress Schedule monthly and annually. ? Prepare projects list to declare for insurance quarterly and yearly. ? Assist purchase department with technical issues related with order management, inventory & projects ? Daily engineer & supervisor report collection and compare with weekly batches. ? Reconciliation of payroll Time sheets with distribution sheets to be post in oracle for manpower. ? Monitor the batch updating of manpower working Hours in projects module. Calculation & Updation of labor rate in oracle to allocate the labour cost on projects. ? Assist in Monthly closing & Annual Closing ? Random stock taking in store monthly, annual & aging of inventory. ? Create Mass addition in Ap, Prepare, posting of addition, retirement, transfer, cost adjustment, depreciation of fixed assets & reconciliation of Assets module with G.L Balances. ? Liaison with internal & external auditors.