Assistant Manager in Treasury & Finance Department at Royal Fans Gujrat (Rafiq Engineering Pvt Ltd) (2024-09 – Present)
- Managing treasury and finance operations including cash flow management, banking relationships, fund transfers, foreign exchange transactions, and financial monitoring.
- Oversee daily cash flow management to ensure the efficient utilization of funds
- Develop and maintain robust relationship with banking partners to facilitates seamless transactions and cost effective services
- Manage funds transfer, payments, and account reconciliations
- Execute foreign exchange transactions to mitigate risk currency risks effectively
- Monitor the financial performance and recommend the corrective measures
- Collaborate with cross functional teams to align financial strategies with organizational objectives
- Provide comprehensive support for audits, system upgrades, and other finance related initiatives
- Review and monitor the daily cash position report to determine the daily cash requirement
Senior Audit Executive in Internal Audit Department / Assistant Audit Manager at Royal Fans Gujrat (Rafiq Engineering Pvt Ltd) (2020-01 – 2024-08)
- Conducted comprehensive internal audits assessing effectiveness of internal controls, accuracy of financial records, and operational efficiency.
Promoted to Assistant Audit Manager in December 2021.
- Conduct internal audits to assess the effectiveness of internal controls, accuracy of financial records, and efficiency of operations
- Maintain an objective and independent approach while conducting audits and ensure confidentiality of audit information
- Establish and maintain effective, constructive, professional relationships within the division and with the businesses, including senior management
- Observe and Understand the Process flows of company by gathering the information from relevant Departments
- Evaluate policies and procedures that are in place, recommend changes
- Ensure the audit report mechanism follows timelines
- Work closely with the Director of Finance and the CFO to increase the financial efficiency of the company
- Pre and post audit of financial transactions i.e. verification of sales and purchase rates, invoice auditing, daily cash closing, and all kinds of payments cash & bank payments
- Cross-verification of bank receipt voucher with the attached cheque / PO, deposit slip and bank statement and to verify it in GP
- Follow the vendor balance (advances) to ensure they are accurate, and no old invoices are due
- The expenses incurred are within the approved budgetary limits and all significant material receipts and expenditures are subject to vouching
- Verifying employee's final settlements, overtime payments, leave encashment, insurance claims
- Monitor accounts receivable and follow up on outstanding payments
- Audit complete cycle of sale, verify cash sale to customers and review customer receipts and maintenance detail of unconfirmed receipts
- Monitor and report any irregularities in financial transactions
- Plan and perform monthly stock count activity
- Monitor the sale of scrap materials
- Examine the documents including reports, statements, debit/credit memos to gather information
- Review cash vouchers to check the vouchers & supporting's
- Review documents of import and entries related to material purchased
- Any other task assigned by Director's
Trainee Auditor in Internal Audit Department at Service Industries Limited (2017-02 – 2018-05)
- Performed audit assignments focusing on retail shops, stock counts, and receivable/inventory analysis across multiple divisions.
- Mostly perform show box shops and klara fair price shops audit and also helps audit manager in audit Assignments
- Wholesale & retail stock counts at frequent basis using AX Retail Software with system adjustments for the differences found (Footwear Division)
- Receivable aging and inventory aging analysis to verify old age balances to confirm provision for bad debts and slow-moving inventories (Tire & Tube Division)
- Expenses verification against company policy (e.g. Group Life Insurance, Vehicle Fuel & Maintenance)
- Shoe Box Retail cash count and stock take activity (Footwear Division)
Internship at MCB Bank Ltd (2017-02 – 2017-04)
Two-month internship at Muslim Commercial Bank
