Experience                                                                                                        
SAPPHIRE GROUP OF COMPANIES (Feb-2022 to Date)     Sheikhupura, Pakistan Sapphire Fibres Limited (SFL) is a vertically integrated composite textile unit, manufacturing cotton yarn, fabric and garments and is one of the Lead Players in the Textile Composite sectors of Pakistan. Manufacturing units are located in the province of Punjab at Lahore, & Sheikhupura.
Manager Accounts & Stores (Raw Material & Finished Goods) Knits Division

Reconciled bank statements and performed monthly closing activities to ensure timely and accurate financial reporting.

·         Monitoring the relevant expenditures, analysing revenues and determining              budget variances and reporting the same to management.
·         Preparing monthly financial reports and presented findings to senior management.
·         Performing month-end accounting activities such as reconciliations and journal entries.
·         Preparing monthly, quarterly and annual accounts.

Managed the accounts team responsible for payroll, accounts payable and receivable, and billing.

·         completing the knowledge of stock costing as well as dealing with tax matters.
·         Conducting detailed cost analysis on production processes, identifying cost drivers and recommending process improvements.
·         Played a key role in the successful implementation of a new ERP system, streamlining cost reporting and analysis.

Assisted in the development and implementation of tax planning strategies.
Collaborated with external auditors during the annual audit process..

·         Maintain bank record quarries about deposit (Demand Draft, Pay Order)
·         Responding to accounting inquiries from top management in a timely manner.
·         Assisting in budget preparation and expensing management activities for assigned accounts.
·         Assisting in auditing activities by providing necessary information and preparing requested documentations.
·         Working experience in ERP or oracle environment
·         Maintaining inventory of store by using ERP Software.
·         Overseeing day-to-day operations of the yarn & Fabric store, including staff management, inventory control, and customer service.
·         Leading and guiding a central yarn & Fabric store.
·         Ensuring proper maintain and operation of the store like safe receipt, storage, retrieval and timely dispatch.
·         Ensuring proper allocation and easy identification.
·         Assuring inventory control, proper deliveries and implement BIN card.
·         To keep yarn as per buyer/style/Lot/Date/WO/PO wise.
·         Maintaining FIFO/LIFO and smoothing operation for yarn received from suppliers, delivery to knitting and returned products.
·         Monitoring warehouse activities to ensure that yarn is stored correctly and safely and organize warehouse space is used efficiently.
·         Issuing the fabric goods to the subcontracted factory as per the requirements of the planning dept.
·         Following and implementing the operational strategies and proceeding according to the company policy.
·         Executing all the yarn & fabric Stores function as per the SOP (Standard Operating Procedure).
·         Conduct regular staff training sessions to ensure product knowledge and excellent service.
·         Conducting regular inventory (Raw Material & Finished Goods) audits to ensure accurate stock levels and minimize discrepancies.
·         Leading the store personnel to accomplish the assigned/vested task in best possible way.
·         Ensuring daily/weekly stock report to the management.

Prepared documentation for annual external audits.
Provided leadership and accounting advice for the team members.

 
OTC LAHORE (Jul-2020 to Jan-2022)                                                  Lahore, Pakistan
OTC International, established 30 Years ago is a strategic with the world’s leading industrial equipment and spare part manufacturers, Providing best quality services and products to its customers.
Deputy Manager Accounts & Finance (Jul 2020 to Jan-2022)
·         Supervised daily operations of Accounts and Finance Department, including efficient recording of invoices and payroll in ERP system, ensuring compliance with relevant laws
·         Planning and execution of financial duties and projects of a company.
·         Preparing financial statements, reports, and forecasts for the business ensuring financial stability.
·         Drafting budgets, income statements, balance sheets, tax returns, and reports required by regulatory authorities.
·         Liaison with financial institutions, banks to secure finance to ensure that Company’s meet its working capital for day-to-day operation, capital Projects and investments.
·         supervised credit control terms with the credit control team, mitigating liquidity risk and ensuring timely payments to suppliers.
·         Managing accounts payable and receivable functions, ensuring timely payments to suppliers and prompt collection of receivables.
·         Managed invoices, billings Cycle, upheld agreed terms, and expedite the collection of Outstanding balances.
·         Liaison with banks and handling all banking matters and Reconciled 8 bank accounts (Operating, Trust, & Retainer) to general ledger daily.
·         Liaison with Insurance Companies for renewal of insurance policies.
·         Maintain tax balances on general ledger.
·         Preparing tax payments on timely.
·         Prepare markup payments for banks (FATR, RF, TF & PAD).
·         Recommending tax strategies that align with business goals
·         Estimating short and long-term financial objectives by setting performance targets.
·         Compiling financial reports and supervising month-end processes.
·         Evaluate the financial performance of the organization and measure returns on investments.
·         Providing training to staff members regarding financial processes.
·         Supervising company payrolls and providing benefits to staff.
 
Mavra Ghee Industries (Pvt) Limited (2014 to 2020)                 Lahore, Pakistan
Mavra Ghee Industry was established in 2014 with the brand name of “SAMAR” having products, Ghee, Cooking Oil & Soap with the monthly production of 2300-2500 ton. 
Assistant Manager Accounts & Finance (Jan 2019 – Jun 2020)                                     
·         Prepared financial statements, including balance sheets, income statements, and cash flow statements, ensuring accuracy and completeness of financial data.
·         Managed accounts payable and accounts receivable processes, including invoicing, collections, and vendor payments.
·         Assisted in the annual budgeting process and monitored budget variances, identifying areas for cost reduction and efficiency improvement.
·         Coordinate the full month end procedure, including preparation of balance sheets, income statements, and trail balance statements.
·         Preparing asset, liability, and capital account entries by analyzing account information.
·         Developed and maintained internal controls to safeguard company assets and ensure accuracy and integrity of financial data.
·         Assisting Finance Manager and working with external auditors to prepare financial reports.
·         Developing financial policies and procedures and ensuring effective implementation.
·         Played a key role in the successful implementation of ERP systems, enhancing efficiency in financial reporting and data analysis.
·         Prepare markup payments for banks (FATR, RF, TF & PAD).
·         Supervising company payrolls and providing benefits to staff.
·         Ensuring accuracy of revenue and expense accounts
·         Maintaining inventory and recording cost of all goods sold.
·         Negotiation & finalization of Company insurances.
·         Preparing general ledger and journal entries analysis.
·         Analyzing the company’s expenditure and benefits.
·         Cooperating with internal and external auditors.
·         Assisting junior accountants in preparing month end reports and monthly bank reconciliation.
·         Generating weekly, monthly, quarterly and yearly reports on purchasing operations.
·         Updating receivables by totaling unpaid invoices.
·         Performing monthly reconciliation of open purchasing orders.
Import Manager: (Jan 2016 – Jun 2020)
·         Oversee all aspects of import operations, including customs clearance, documentation, and logistics coordination.
·         Developed and implement import strategies to optimize efficiency and minimize costs while ensuring compliance with regulations.
·         Negotiated contracts with shipping lines, freight forwarders, and customs brokers to secure favorable terms and rates.
·         Collaborated with suppliers and vendors to ensure timely delivery of goods and resolve any issues that may arise.
·         Managed a team of import specialists, providing guidance, training, and support to ensure departmental goals are met.
·         Established and maintained relationships with banks to facilitate letters of credit, trade finance, and other banking matters.
·         Ensured compliance with import regulations and managed tariff classifications to minimize duty payments.
·         Arranging trade finance facilities such as import loans, bank guarantees, and documentary collections to facilitate smooth transactions.
·         Conducted credit evaluations and risk assessments for trade finance transactions.
·         Building and maintaining strong relationships with banks, suppliers, and other stakeholders involved in the import process to foster trust and efficiency.
·         Negotiated contracts with international suppliers to optimize pricing and terms, resulting in cost savings.
·         Maintained accurate records of import activities and expenses, prepared reports for management review.
·         Stay updated on changes in import regulations and industry trends to ensure compliance and identify opportunities for process improvement.
·         Collaborated with internal teams to forecast demand and ensure timely delivery of imported goods.
·         Communicate with suppliers and vendors to track shipments and resolve any issues or delays.
·         Prepared and reviewed import documentation to ensure compliance with regulations and company policies.
·         Collaborated with colleagues to develop and implement strategies for business growth and client retention.
Accounts Payable & Receivable Specialist: (Jan 2015 – Jun 2020)
Objective: Technically skilled accounts payable & Receivable specialist with experience in managing over accounts. Key strengths include.
·         Oversee the accounts payable and receivable functions, ensuring accuracy, efficiency, and compliance with company policies and procedures.
·         Developed and implement strategies to streamline accounts payable and receivable processes, resulting in a reduced in processing time.
·         Managed a team of professionals, providing guidance, training, and performance evaluations to ensure optimal departmental performance.
·         Collaborated with cross-functional teams to resolve invoicing discrepancies and address payment-related issues promptly.
·         Processed accounts payable transactions accurately and efficiently, including invoice verification, coding, and timely payment processing.
·         Reconciled vendor statements and resolved discrepancies in a timely manner to maintain positive vendor relationships.
·         Assisted in month-end closing activities, including account reconciliations and preparation of financial reports.
·         Participated in the implementation of an automated accounts payable system, resulting in improved efficiency and accuracy.
·         Negotiate payment terms with vendors and suppliers to optimize cash flow and minimize financial risk.
·         Monitored aging reports and proactively follow up on overdue accounts receivable to minimize delinquencies and improve cash flow.
·         Implemented and maintain internal controls to safeguard company assets and ensure compliance with accounting standards and regulatory requirements.
·         Coordinated with external auditors during annual audits, providing documentation and explanations as needed.
·         Prepared and analyzed financial reports, including aging summaries, cash flow projections, and variance analyses, to support decision-making at the management level.
Store In charge: (Feb 2014 – Jan 2015)
Objective: I am versatile by nature with an inclination to learn new things and ability to grasp things with a little orientation.
My Key Responsibilities Included:
·         Prepared and monitored inventory of the list of the materials.
·         Maintained all the documents of the issuing and receiving materials and submitted the proper authority.
·         Collaborated with suppliers to negotiate favorable pricing and terms, resulting in a 10% reduction in procurement costs.
·         Checked materials available in the lay down yard from Material delivery Records with location.
·         Encoded the database of the materials daily delivery records of daily received materials from packing list with P.O and updated every day.
·         Prepared and monitored issue ticket with MIR (Material Issuing Request) and stored requisition.
·         Confirmed location of the materials to be issued from database of the daily delivery transaction record.
·         Coordinated with both the External auditors as well as internal auditors for the scheduling of the audit and completion of the same.
·         Maintained track record of the balance material in the specific location of the site.
·         Attended all types of queries from procurement, inspection and operation departments. Assigned and checked work of subordinates.
·         Maintained compliance with all regulatory requirements and company policies to uphold standards of quality and safety.