Fazal Muhammad

I am a Chartered Certified Accountant (ACCA Member) having over 10 years of diversified experience, seeking a challenging position in a dynamic organization with an aim to contribute towards organizational success, to perform consistently and meet the organization’s expectations while constantly availing opportunities to learn, excel and grow.

Finance Officer - TNB Repair And Maintenance Sdn. Bhd. (TNB REMACO) - 1223MW Combined Cycle Power Plant Balloki

(2017-09)

• Conducted comprehensive financial planning and forecasting activities, supporting strategic decision-making to enhance the company's financial health. Developed detailed budgets and provided analytical insights that guided business strategies and resource allocation.
• Conducted detailed variance analysis between budgeted figures and actual expenditures, identifying trends and discrepancies. Provided actionable insights to management, enabling informed decision-making and optimizing resource allocation for future budgets.
• Conducted thorough verification of vendor invoices to ensure compliance with procurement policies and accuracy of billing. This process reduced discrepancies and facilitated timely payments, contributing to strong vendor relationships and operational efficiency.
• Conducted month-end reconciliations of reports extracted from SAP with the Maximo inventory management system, ensuring data accuracy and consistency. This process helped identify discrepancies, leading to improved inventory tracking and financial reporting integrity.
• Oversaw cash flow management to ensure liquidity and operational efficiency, effectively managing Term Deposit Receipts (TDRs), Letters of Credit (LCs) for imports, and bank guarantees for customers. Implemented strategies that improved cash flow forecasting accuracy and minimized financial risks.
• Ensured timely and accurate filing of monthly sales tax and withholding income tax statements, maintaining compliance with regulatory requirements. Implemented streamlined processes that reduced filing errors and improved submission timelines by 100%.
• Preparation of quarterly invoice as per OMA (Operation And Maintenance Agreement)
• Prepared financial statements and monthly financial and performance report for senior management, Presentation to Senior Management on the financial performance, planning and budget analysis

Assistant Manager Accounts - Nishat Chunian Power Limited. - 200 MW Combined Cycle Power Plant

(2016-11 - 2017-09)

• Ensuring compliance with procurement policies and executed timely processing for payment, reducing processing time and minimizing discrepancies through meticulous attention to detail.
• Managing accurate data entry in ERP system, facilitating timely and accurate monthly closings. Streamlined the process, which improved reporting efficiency by and reduced month-end closing time.
• Conducted thorough reconciliations of inventory movements, leading to reduction in discrepancies. Implemented systematic stock-taking procedures that improved inventory accuracy and provided critical insights for management decision-making.
• Ensured accurate and timely processing of payroll for more than 100 employees in the HRMS system, maintaining compliance with tax regulations. Developed and implemented procedures that improved accuracy and enhanced employee satisfaction with benefits administration.
• Oversaw the imprest system to ensure adherence to financial policies, effectively controlling cash flow and maintaining accountability.
• Acted as the primary point of contact for auditors, banks, and agencies such as EOBI, PESSI, and tax authorities, facilitating smooth communication and compliance. Successfully managed audit processes that resulted in zero major findings, and ensured timely submissions to regulatory bodies

Audit Senior - KPMG - A member firm of KPMG International (Big 4)

(2013-07 - 2015-10)

• Executed end-to-end statutory and compliance audits for diverse clients, ensuring strict adherence to International Standards on Auditing (ISA).
• Developed comprehensive audit working papers and documentation in full compliance with the KPMG Audit Methodology (KAM), highlighting Key Audit Matters (KAMs).
• Performed specialized "agreed-upon procedures" engagements in accordance with ISRS, delivering detailed findings reports to management.
• Evaluated the design and operational effectiveness of internal control systems, providing actionable recommendations for risk mitigation.
• Designed and delivered training sessions to staff on complex accounting standards and financial reporting requirements.

ACCA (Association of Chartered Certified Accountants) - Professional Academy of Commerce, Lahore (2012)

CAT (Certified Accounting Technician) - Professional Academy of Commerce, Lahore (2008)

FS.C (Intermediate) - Islamia College, Peshawar (2006)