Chief Financial Officer at Babri Steel Industry (2021-09 – Present)
Leading financial operations and strategic financial management for steel manufacturing company
- Responsible & finalize monthly, quarterly and annual Management Accounts with quantitative reconciliation & Valuation of Raw Materials, Finished Goods and Work in Process Stocks
- Responsible & finalize Financial Statement for external Audit with all notes & details
- Responsible for Internal & External Audit of the company
- Liaison with external and internal auditors
- Inventory planning
- Product costing & pricing
- Ensure comprehensive Plans for Production upgrades
- Ensure effective operation control and implementation of operational strategy
- Ensure smooth Cash Flow and regular follow up in terms of Fund Management
- Preparation of Flash report after finalization of sales and other financial data
- Interaction with Banks & Financial institutions regarding sanction, renewal of financial facilities
- Responsible for preparation of monthly, quarterly and annual financial reports & financial analysis
- Prepare & Finalize Budgeting & Forecasting with periodical control
- Ensure respect of the regulatory requirements regarding company's financial planning & analysis
- Working Capital management
- Responsible for timely and accurate submission of Sales Tax and Income Tax returns
- Responsible for corporate secretarial works
- Supervise direct and review the work of the staff including cash payments & receipts, Bank payments & receipts, sales & purchases invoices, Journal vouchers, staff Salaries, wages and Bank Reconciliation
- Ensure the accuracy and timely preparation of monthly results, forecasts, yearly budget, 5-year plan and Financial Statements
- Prepare & Finalize Budgeting & Forecasting with periodical controls
- Prepare & Finalize Monthly, Quarterly & Annual Management Accounts with all notes & details
- Prepare & Finalize Financial Statement for annual external Audit
- Coordinate with Auditors at the time of annual external audit
- Valuation & quantitative reconciliation of Raw Materials, Finished Goods and Work in Process Stocks
- Finalization of Monthly Sales Tax & Income Tax Return
- Monitoring Sales Tax invoicing, Payments and recovery
- Monitoring changes/developments in local tax laws and recommending changes necessary/desirable as a result of developments
- Ensure the compliance Income tax and Sales Tax Audit, Appeals, Statutory regulation and any other related matters
- Conducted feasibility study of multiple new projects
- Management & Financial Accounting Reporting
- Ensure overall control of all Financial transactions
- Prepare & Finalize cash flow statement for management
- Prepare & Finalize documentation for renewal of Credit Limits from Banks & Financial Institutions
- Prepare & Finalize interest working on short/long term borrowings
- Prepare & Finalize documentation for Lease agreement and transfer of title of leased assets to own Assets
- Liaison with leasing company/Banks and handling all leasing matters
- Finalization and submission of different reports as per SECP and statutory requirement
- Ensuring compliance with Corporate Governance being Company Corporate Secretary
- Supervise & finalize Staff Salaries & Wages, Overtime, Allowances, EOBI and Social Security
- Established complete department from scratch
- Any other assignment given by Management
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Unit Accountant at Gulistan Textile Mills Limited (1993-07 – 2004-09)
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Accountant at Ashraf Soap Industries (1992-04 – 1993-07)
Accountant for FMCG soap manufacturing company
