Faizan Atique
Senior Accountant
Lahore
Summary of Career
1. 2.5 years of experience as a Senior Accountant. Senior Accounting Professional working in all areas of the accounting cycle, including forecasting, Cash Flows, Budgeting, Account Analysis, Fixed Assets, G/L, A/P, A/R, Costing and Financial Reporting.
2. Successfully implemented SAP to improve efficiency of work and to create system based reports that helps in cost effective and long term planning.
3. Having in-depth knowledge of banking terms and procedures.
4. 3+ years of progressive experience as an Accounts Executive, providing management with financial information through research, analyzing accounts and preparing financial statements.
5. Developed and implemented financial systems, strategies, processes, and controls that significantly improve P&L scenarios.
6. Almost 2.5 years of experience as an Accounts Officer. Hands-on working at A/P & A/R and achieved almost 10% reduction in A/R in the year 2013 when the company was in trouble due to shortage of cash. Reconciles customer’s ledger on weekly basis to keep pace in getting new orders.
7. 6 weeks of experiencing in the field of banking. Hands-on working regarding payments, cash handling, pay-orders, call deposit receipts, pension payments and account opening.
8. 6 months of experience in reconciliation, budgeting, liaison with banks, A/P, A/R, forecasting, cash flows and internal and external audit.
9. Results-orientated accounting professional with broad experience in a deadline-driven environment.
10. Proven track record in consistently and effectively delivering accounting services that enhance the company's purpose and profitability.
Hands-on experience on SAP B1 since july-15. Worked as a SAP administrator, SAP revamped leader and make several reports through queries.
2 months training on Oracle R12 including Financials, Administration, A/P, A/R and Inventory.
2 months training on MS Office from a reputed organization. Hands-on working on Word, Excel and Powerpoint for more than 8 years.
Done course of Tally ERP in 2019
Experience as Senior Accounts Executive
Pharmedic Laboratories Pvt Ltd
01 August 2017
Developed procedures for new software SAP (Systems, Applications & Products) in order to streamline Reporting, Costing, Budgeting, Forecasting, Cash flows, A/P, A/R, and Fixed Assets in accordance with GAAP and IFRS which saved time and cost of the company.
Implemented and Assisted successful migration of the data from Oracle to SAP.
Created new budgeting procedures in SAP and budget variance reports for reporting to Managers, Sales & Marketing and Board of Directors at the end of each month.
Assisted Sales and Marketing team to reduce their budgets to 12% of total sales as per the orders of Directors.
Created and integrated 5 crystal reports, 3 general reports and several queries in SAP to assist management in reporting they want.
Hands-on experience in making BOM (Bill of Materials), Production Order, A/P, A/R, Costing, Fixed Assets, Budget Allocation, Cash Book, Cash Flows, Payroll, and Sales Analysis.
Prepared and managed over 1500 Assets of the company in SAP with physical verification and allocation to their actual asset class and actual depreciation as per straight line method.
Provided costing of 50+ General products, 30+ Oncology products and 10+ Anti-Hepatitis Products with help of BOM (Bill of Materials).
Managed imports of Raw Materials, Packing Materials, and Fixed Assets in SAP and provided reports to management on any variance in cost arise so that they can take immediate action on changing vendor or go for price increase to avoid loss.
Prepared 20+ excel spreadsheets formats and forms in order to achieve accuracy in reporting and managing entries.
Hands-on experience in each module of SAP i-e Administration, Financials, Business Partner, Production, Inventory, Human Resource, Purchases and Sales.
Assisted external and internal audit process and provided all necessary worksheets/data to minimize billable hours.
Performed month-end/year-end closing, financial statement preparation and budget variances. Assisted management to resolve variances.
Prepared and assisted general ledger (journal entries) analysis and analyzed and assisted with month and year-end reports.
Reviewed and assisted monthly bank reconciliations.
Redesigned and implemented more effective and timely procedures for reconciling complex bank reconciliations.
Completed account reconciliations and analysis of critical Balance Sheet accounts.
Managed month-end closing cycle and performed variance analysis of accounts.
Lead and managed four accountants, including selection/hiring, objective setting, performance management, coaching/development, and SAP training.
Experience as Accounts Executive
Pharmedic Laboratories Pvt Ltd
20 June 2014
31 July 2017
Developed procedures for new software Oracle to streamline Financial Reporting, Banking Modules, A/P, and A/R in accordance with GAAP and IFRS.
Implemented successful migration of manual books and excel spreadsheets to Oracle.
Preparation of monthly financial reports to management with variance.
Acquired problem-solving skills in Oracle accounting system by identifying and correcting error payments and reconciling vendor payments.
Performed all accounting procedures, including bank reconciliations, expense accruals, and reviewing of entries.
Suggested ways to reduce cost (10%) and improve profits/income (5%).
Monitored and analyzed monthly operating results against budgets.
Oversaw daily operations of the finance and accounting department.
Assist 5+ Oracle and SAP users on daily basis for allocating of expenses to the appropriate account head.
Had a great liaising with almost 7 banks to ensure free flow of operations regarding making pay orders, import payments, export receipts, RTGS, CDR (Call Deposit Receipts), online payments, and salary transfers.
Cash control procedures, including register balancing, bank deposits and check writing.
Classifying data and handling error data before its recording.
Participate with the company’s team to deal with customers, suppliers and contracts.
Experience as Accounts Officer
MM Rafiq Cargo
02 January 2012
02 May 2014
Prepared 50+ Excel Spreadsheets which includes 40 Customer Ledgers, 5 Cash & Bank Ledgers and 5 Financial Reports such as Profit & Loss, Balance Sheet, Cash Flow, Sales Report, and Purchase Report.
Achieved 10% reduction in A/R through intensive follow-ups with customers to ensure timely payments.
Provide various methods of cost reduction through making all the system online and ensure time saving too.
Update Cheque’s register and reconcile with Cheque logs on daily basis.
Prepare bank reconciliation statements at the end of each month and coordination with bank regarding payments and in case of any discrepancy.
Reconciling the party ledgers with their monthly balance confirmation and other reconciliations required for making monthly accounts.
Prepare reconciliation and details for monthly accounts and coordination and provide assistance to internal auditors during internal audit.
Experience as Internee
07 November 2011
19 December 2011
Branch corresponding.
Responsible for all the administration matters
Issuance of Pay orders & Demand Drafts.
Maintaining Pensioners data in system.
Maintaining data of clearing cheques daily.
Maintaining a record of cheque books.
Experience as Internee
02 August 2010
06 February 2011
Branch corresponding.
Maintaining of Journal Vouchers.
Maintaining Bank Receipt voucher & Bank Payment vouchers in ERP
Matric 01 August 2007
ScienceIntermediate 15 August 2009
CommerceBachelor 23 August 2011
CommerceMaster 22 August 2014
Accounting & Finance