Experience as MANAGER- Accounts & Taxation (VAT/ Income Tax)

• Employer

  K Electric Limited

• From

  13 November 2003

• To

  31 May 2015

• Detail

  K Electric (The Abraaj Group- UAE) is principally engaged in the generation, transmission & distribution of electric energy. Company listed in all stock exchanges of Pakistan, having staff strength of 18,000 and annual turnover of around US$ 1.3 billion. It has been managed and run by Abraaj Capital LLC of UAE.
  
  • Supervised a team of 24 members and reports to Deputy Director for all activities.
  • Trained inter/ cross departmental colleagues on complex tax issues (VAT, Income tax etc.)
  • Developed Annual Capex/ Revex budget (Projects) and its subsequent monitoring and reporting.
  • Supervised PO recon in SAP to actualize cost & eliminating variances of over/ under utilization of cost.
  • Supervised payable operations (Rs.186 billion p.a.) of 2000+ suppliers as being an Authorized signatory.
  • Deployed BMC scorecard and vendor recon resulting improved payment timelines and vendor relations.
  • Safeguard timely settlement of advances to avoid misrepresentation in Financial Statements.
  • Monitored receivable operations (Region IV- Rs. 6 billion p.a.) involving 600k multi tariff consumers.
  • Supervised a team to deploy and finalize Receivables Incentive Scheme.
  • Assure proper accounting treatment and tax rates for all direct (Income Tax/ Advance tax) and indirect taxes (VAT/ FED/ Excise/ custom duty etc.)
  • Supervised preparation & implementation of authorization matrix in SAP to classify user rights.
  • Ensure timely foreign currency revaluation in SAP & MR11 run to actualize GRIR & GIT to cost GLs.
  • Automated inventory variances- to ensure accurate valuation of COGS in standard costing system.
  • Submission of Accounts Payable & Receivable ageing to management.
  • Responsible for reporting Cash flow of foreign suppliers.
  • Ensure accuracy of foreign currency payments to book realized gain/ loss in SAP.
  • E-filing of monthly/ annual sales tax return &its compliance up to refund claims.
  • Tax planning; Advise management about cash flow savings through proper tax forecasting, strategies and assumptions underlying budgets.
  • Coordinate with concern department to implement new tax rates and its incorporation in SAP.

Experience as MANAGER- Finance & Accounts

• Employer

  Komek Trading DMCC

• From

  01 June 2015

• To

  15 May 2017

• Detail

  Komek Trading is a member company of DMCC- involved primarily in training/ consultancy/ trading of forex, OTC as well derivatives; and secondarily in distribution & retailing of building materials.
  
  • Supervised a team of 5, for general ledger transactions and ensure well-timed period end activities.
  • Reported Financial Statements; product wise analysis and its likely impact on company’s performance.
  • Ensure minimum margin in Trader’s account to safeguard company with excessive trading losses.
  • Analyzing and reporting on budgets, forecasts and long range plans.
  • Production and raw material procurement planning.
  • Safeguard P2P process through accountability of key KPIs like GRNs, PO compliance, Master data accuracy, Suppliers recon & Payment Terms adherence & to promote 3-way match (PO-GR-IR).
  • Demonstrated agility on collections, credit term revisions & reconciliation to ensure green rating of AR.
  • Working Capital management- AP/AR, sales trend and taking corrective actions to mitigate risks.
  • Inventory reconciliation & its categorization.
  • Ensure accurate processing of payroll and related activities (EOSB provision, final settlements etc.)
  • Supervised treasury; Cash flow management, banking transactions, trade finance options etc.
  • Managed implementation of cost accounting system and its performance thereon.
  • Liaison with External/ Internal auditors to complete their requirements & to resolve their queries.

Experience as MANAGER- Accounts & Admin

• Employer

  Al Ghurair Trading Group of Companies

• From

  17 May 2017

• To

  23 February 2020

• Detail

  Al Ghurair Trading Group is a diversified family-owned conglomerate with interests in manufacturing and distribution of LPG & Industrial Gases, real estate, business consultancy/ engineering services etc and expanding global presence.
  
  • Leading a team of 5 members directly & 3 intercompany team mates.
  • Achieving Financial objectives by forecasting requirements; preparing master budget; scheduling expenditures; analyzing variances; initiating corrective actions.
  • Business partnering in preparation of new contracts, feasibility/ sensitivity analysis and target pricing.
  • Review budgetary controls on Purchase mechanism and its subsequent costing.
  • Deliver financial and operational reporting, providing guidance & insight to Executive level management on monthly, quarterly and yearly basis.
  • Assisting Financial Controller in consolidation of business unit’s performance as per IFRS.
  • Monitoring and interpreting cash flows and predicting future trends.
  • Examine financial transactions for accuracy and compliance with judiciously.
  • Receivables, payables, and fixed assets reporting and management.
  • Supervising banks reconciliations, aging analysis, Inter Company accounts reconciliation.
  • Manage e-filing of VAT returns, reconciliation and ensure record keeping as per FTA requirements.