Results-oriented accounts & finance professional with over 6 years of experience in accounting, taxation, corporate compliance, and financial management. Currently employed at PRCL under the Ministry of Commerce, specializing in account reconciliation, financial reporting, SECP compliance, and regulatory matters, as well as managing board committee meetings. Seeking a challenging role that leverages my expertise to drive the success of the organization while advancing my career.
Accounts & Finance Department
• Achieved a historic reconciliation of PRCL’s financial records with insurance companies by implementing a new reconciliation mechanism for both legacy and current receivables and payables; successfully trained a team to manage future reconciliation tasks.
• Boosted PRCL’s recoveries by 200% and enhanced profitability by 15%.
• Enhanced PRCL’s solvency by approximately 200% in compliance with the Insurance Ordinance, 2000.
• Prepared and audited Regulatory Returns for Conventional and Retakaful business in accordance with the Insurance Ordinance, 2000.
• Prepared and updated Notes to Accounts for Conventional and Retakaful business, including Aging of Receivables/Payables, Provision Calculations, and Related Party Disclosures; contributed to the finalization of Accounts.
• Coordinated with Government Auditors and SECP Inspection team to address their requisitions and observations effectively.
Claims Department
• Reviewed and processed facultative claims across various classes and conducted reconciliations with local insurance companies.
• Prepared the agenda points, working papers and minutes of Board Committee meetings.
• Compiled quarterly reports for Board Committee meetings and integrated them into the quarterly financial accounts.
• Drafted claims-related notes for final accounts and addressed requisitions and observations from financial and government auditors.
• Led and trained a team of six members, enhancing team performance and efficiency.
• Oversaw and finalized accounts for approximately 80 clients, ensuring accuracy and compliance.
• Filed Income Tax Returns for both corporate and non-corporate clients, and reviewed sales tax returns prepared by the team.
• Addressed and responded to notices from tax authorities, and actively followed up on outstanding issues.
• Incorporated over 100 Companies, LLPs, and Partnership Firms, ensuring compliance with post-incorporation statutory requirements.
• Ensured adherence to the Companies Act, 2017, and LLP Act, 2017 by clients, facilitating timely and accurate compliance.
• Devised and implemented a strategy for managing tax & corporate compliance deadlines, achieving a 100% on-time compliance rate.
• Prepared Income Tax, Withholding Tax, and Sales Tax Returns for individuals, AOPs, and companies.
• Managed the incorporation of companies and LLPs with SECP and filed Annual Corporate Returns in accordance with SECP regulations.
• Registered clients with the Registrar of Firms, ICCI Chamber of Commerce, and WEBOC.
• Drafted and filed Tax Appeals with the Commissioner of Appeals and Appellate Tribunal.