Prepare complete budget for factory and head office; and using it as a tool for various management reports, cost control and various analysis.
ï‚· Prepare work in process report for all products in batches and allocate Material, Labour and Factory Overheads (FOH) to each product batch as per best costing practices.
ï‚· Prepare the working for production department wise rates of labour per hour and machine per hour, which are used for getting the cost of product batches manufactured. ï‚· Consolidate the cost of completed product batches and quantity transferred to warehouse in order to determine the total cost per pack with breakup of Material, Labour and FOH components of cost.
ï‚· Comparison of product wise actual cost per pack with budgeted cost per pack with details of cost components Material, Labour & FOH and then variance is analyzed to track the reason of deviation.
ï‚· Prepare the production performance report of factory and comparison with FOH to provide information to management about cost behavior of products.
ï‚· Prepare the monthly report of plant usage capacity and idle capacity and its impact on cost.
ï‚· Prepare the report of monthly factory expenses and comparison with Budgeted and Last Year expenses to control the factory expenses and reducing cost per pack.
ï‚· Working with plant management to undertake the time and motion study of production process to drive the actual number of labour and machine hours so that cost is charged to production batches accordingly.
ï‚· Implemented the standard costing system on the basis of budgeted operations parallel to actual costing system. Performed variance analysis at the end of each month by comparing the results between the standard cost and actual cost to understand the cost behavior and possible ways to reduce the cost per pack.
ï‚· Prepare monthly summary of cost of goods sold to determine the Gross Profit for the month.
ï‚· Prepare Cost, Volume and Profit analysis report to track and identify the factors responsible of cost deviation from standard / budgeted cost.
ï‚· Prepare monthly Sales Analysis and Sales Productivity report with comparisons of Budgeted and Last Year sales data to provide the tool for the management for necessary strategic decision making.
ï‚· Prepare the Sales Discount and Bonus Report with comparison of Budgeted Discount & Actual Discount.
ï‚· Prepare Selling & Marketing Expenses Report with productivity details and comparison of Budgeted & Actual Expenses providing the information to management for controlling unnecessary expenses.
ï‚· Prepare working for annual CPI increase and apply Hardship cases to DRAP (Drug Regulatory Authority of Pakistan) for increasing price of products in accordance with Drug Pricing Policy.
ï‚· Perform quarterly physical count of stock of raw material, packing material and finished goods to ensure the accuracy of quantity available in system is according to physical quantity in warehouse.
ï‚· Prepared 5 years Projected Profit & Loss account.

I have been deputed at Eli Lilly Pakistan (Private) Limited to provide the consultancy services on internal audit,
Finance department processes and corporate assignments. My duties include following
Performing walkthrough of various processes in all departments. Detailed analysis of internal controls and
identification of control weaknesses in existing processes and providing suggestion to management to improve
the internal control systems.
Updating management team members on weekly basis on the internal audit progress.
Redesigning of policies and standard operating procedures as per global guidelines.
Checking the compliance of Sarbanes Oxley (SOx) Controls and Certifications.
Provided consultancy on fixed assets management. Physical counting of fixed assets and tagging sticker for
better management and security of fixed assets.
Prepared cash flow forecast and analysis on cash flow shortfall. Suggestions to manage outgoing and
incoming cash flows.
Provided consultancy on corporate matters related to registration of equity injection by parent company.

• Develop an independent internal audit plan. Identify, assess and evaluate the risks.

• Perform internal audit of various functions of Group companies like Finance & Treasury, Sales, Procurement, Admin and Human Resource as per policies and procedures.

• Conduct any reviews, tasks, investigations or independent appraisals requested by top management, the audit committee, provided such as reviews and tasks, without compromising the independence or objectivity of the internal audit function.

• Provide both top management and the audit committee with an opinion on the internal controls in the organization. Making recommendations on improving Internal Controls & provide bottom-line oriented suggestions.

• Supervising pre- audit of vouchers for payment to suppliers and other parties.

Primarily responsible to supervise Audit, Accounts, Taxation and related assignments on following clients

Sr. Name of Company Industry Assignment
1. Universal Express (Private) Ltd Travel & Tourism Statutory Audit
2. Alpha Penta (Private) Ltd Textile Services Statutory Audit
3. Welfare Trust of PIA Cabin Crew Fund Statutory Audit
4. Eli Lilly Pakistan (Pvt) Limited – USA subsidiary Company Pharmaceutical Accounting & Tax
5. Schon Air Limited Aviation Accounting & Tax
6. Fund Marketing International Brokerage Accounting & Tax
7. Sindh Technical Education & Vocational Training Authority Public sector organization Accounting

Following are major highlights of duties performed on above mentioned clients:
External and internal audits
• Plan, organize and carry out the external audit including the preparation of an audit plan, scheduling and assigning work and estimating resource needs.
• Performed physical inventory observations in order to evaluate inventory levels and identified potential damaged or obsolete inventory.
• Performed testing procedures on cash, fixed assets, accounts receivable, intangible assets, prepaid expenses, accounts payable, accrued liabilities, revenue, and expenses.
• Performed detailed tests of transactions for significant account balances.
• Performed walk-through to understand financial reporting systems and to identify internal controls that reduce the risk of material misstatement of financial results.
• Ensured accuracy of supporting schedules provided by the client and appropriately agreed them to the account balances
• Utilized detailed analytical procedures to analyze income statement and balance sheet accounts
• Drafted audit reports - write up observations and other sections of the audit report and presented to management.
• Accounting, Tax, Corporate and related assignments