This is a vertical setup in the poultry industry ranging from own feed mills to layer & breeder farms and Hatcheries. The group is one of the major players in the poultry sector in Pakistan. The founder Dr. M. Aslam late is one of the pioneers in the poultry industry in Pakistan.  Working as “Group Chief Financial Officer” responsible for the overall finance, treasury, cash flows, Accounts, taxation, costing, audit and corporate matters of the company major roles and responsibilities are:
Ø  Work with senior managers to efficiently develop budget proposals, Develop and implement financial strategies to drive business growth and profitability for the group.
Ø  Perform risk management through analysis of company/group liabilities and investments, and evaluate and manage capital structure and fundraising initiatives.
Ø  Ensures management of an effective cash planning, management and monitoring system for the group.
Ø  Relationship Management with banks to manage exposure of Rs. 6 billion and respond to bank queries, follow up financial proposals, daily transactions and arrangement of Credit Facilities from banks and DFis..
Ø  Looking after of all import & Export matters including dealing with banks for trade limits and custom clearance working on Export Facilitation scheme (EFS).
Ø  Ensures that the business assets are safeguarded by the development/effective operation of internal controls and financial compliance.
Ø  Monitor business performance by monitoring daily sales, recoveries and other operational matters.
Ø  Represents the business on financial matters internally and with external bodies e.g. Auditors and tax authorities to meet statutory / legal needs.
Ø  Manage finance personnel, lead continual development of finance function and team to meet emerging challenges and changes.
Ø  Oversee finance and accounting operations including financial ERP systems, ensure accurate financial reporting, and maintain compliance with industry standards, and relevant regulatory requirements i.e. IFRS, Companies Act, Taxation Laws etc.
Ø  Oversee HR operations by coordinating with external service providers i.e. Banks for payroll processing, Insurance companies for employee health insurance, including government bodies i.e. PESSI and Social Security and internal staff responsible for other aspects of HR.

Working as “Consultant” cum “Chief Financial Officer” in “Great Yuemei Textile” a partnership concern involved in Pre-& Post process for digital printing and dying of fabric i.e. Ladies suiting responsible for the overall finance, Accounts, taxation, costing and corporate matters of the company major roles and responsibilities are:
Ø  Setup of Accounts and Finance department from scratch.
Ø  Reviewing monthly / annual accounts in accordance with IFRS/IAS, Month end closing, stock’s valuation, depreciation and monthly accruals and adjustments.
Ø  Control and review of all operational and production matters, ensuing smooth production and supply of raw materials.
Ø  Perform costing function monthly cost accounts and looking after of erection & expansion of 15 ton daily dying project i.e. its capex requirements and installation status.
Ø  Perform GAP analysis and suggest improvement to the existing operations.
Ø  Development of policies and procedures for the whole organization including sales, receivables, HR, Procurement, Accounts and Finance.
Ø  Looking after of Sales and dispatch to customers keeping in view of policies of the company.
Ø  Head hunting of senior management staff I.e. shortlisting, interviews, selection.
Ø  Cash Flow Management including suppliers, customers and other govt stake holders’ management.
Ø  Preparation of annual & monthly budgets and variance analysis.
Ø  Dealing with banks and handing import, payroll, cash and other matter of the company.
Ø  Dealing with Insurance companies for arranging insurance marine, fire, health and life insurance policies covering all major risks and negotiating premium rates and processing insurance claims.
Ø  Looking after of taxation and corporate matters of the company.

Worked remotely as “Consultant” and perform Auditing Services i.e. IFRS Compliance, Accounting Services and Agreed Upon Procedures (AUP) Services, major roles and responsibilities are:
Ø  Execution/completion of field work for respective year end including:
Ø  The Compliance with the applicable IFRS guide lines concerning ESCROW (guarantee) accounts of real estate developers in the Emirates of Abu Dahbi / Dubai.
Ø  Review of the effectiveness of control environment and key internal control activities of the company.
Ø  Completion of vouching/review of documents and submission of draft audit reports with no outstanding issues by agreed due dates.
Ø  Attending and addressing the queries raised by the concerned parties involved including:
Ø  Queries/questions on project/audit are properly addressed resolved on time and ESCROW account requirements are met.
Ø  Acceptance of audit reports and closure of RERA audit for the selected projects.
Ø  Preparation of annual accounts of community accounts/audits of real estate communities and comparison of community annual expense with annual approved budgets.

Worked as D.G.M Finance & Accounts in “Challenge Apparels Limited” a Public unlisted company responsible for the overall
finance, Accounts, taxation and corporate matters of the company major roles and responsibilities are :
 Setup of Accounts and Finance department from scratch.
 Reviewing monthly / annual accounts in accordance with IFRS/IAS, Month end closing, stock’s valuation, depreciation and
monthly accruals and adjustments.
 Successful adoption and Implementation of IFRS 16 for the leases of Factory rental premises, application of IFRS 9 to the
interest free loan to associate and adoption, application of IFRS 15 to the revenue recognition.
 Reporting of group companies in Pakistan to the Head office in Shanghai china.
 Relationship Management with banks to answer bank queries, follow up financial proposals and daily transactions.
 Independently handle all loan documentations from loan application till disbursement of loan.
 Well served in Islamic and conventional mode of financing i.e. Successfully obtained Islamic and conventional Lending facility
form Banks including Istisna, Murabha, Diminishing Musharka, L/C, Bank Guarantee and conventional working capital loan.
 Having sound knowledge to finalize the export related loans i.e. successfully obtained FAPC, ERF/IERF and LTFF/ILTFF from
Islamic and conventional Banking.
 Dealing with Insurance companies for arranging insurance marine, fire , health and life insurance policies covering all major
risks and negotiating premium rates and processing insurance claims.
 Reviewing daily Bank Position, cheque issuance and bank recon.
 Working capital management & cash management and cash Flow working and comparative analysis.
 Preparation and updating of financial projections. Obtain new financing lines for the company and investment of existing funds.
Address: Ho.No. 212A, Rehan Garden Phase 1, 27-Km Ferozepur Road, Lahore, Pakistan.
Skype Name: Farazashraf82 Mobile: +92-331-4312398 Email: farazashraf_786@Yahoo.com.
 Export Sales authorization and accounts receivable management.
 Monitoring Export Proceeds realization under M/S Adidas “Early Payment Plan”, reconciliation of export proceeds from bank
statement and accounts receivable.
 Supervising Import Payments through Advance, L/C, Open Account, CAD basis.
 Authorizing Expenses and Accounts Payable management of local and foreign suppliers of raw material, logistics, freight forwarders,
payroll processing and Insurance etc.
 Monitoring of ERP implementation (Oracle R-12 & BMS SQL based system) and liaison with ERP Team.
 Preparation of annual Budgets and monthly cash budgets and management of monthly and weekly cash flows and monitoring.
 Looking after of taxation and corporate matters of the company.

Worked as “Manager Accounts and Finance” at “Arif Memorial Teaching Hospital” major roles and responsibilities include:  Preparation of Monthly and Annual Accounts.  Cash Management and relationship management with banks.  Working capital management and utilization of funds.  Department wise and unit wise Revenue verification, reconciliation and reporting.  Preparation of annual Expense and Revenue budgets and forecast.  Monitoring and control of revenue and expenses and its comparison with budgets and variance reporting.  Inventory and store valuation and stock reconciliation.  Various management reports regarding operations, costs and revenues Statistics and variance analysis.

As “Finance Manager” in Fazal Cloth Mills Limited (spinning and Weaving Mill) my responsibilities were to cater day to day financial needs of the company and major functions are:
 Relationship Management with banks to answer bank queries, follow up financial proposals and daily transactions.
 Markup calculations, maintains of loan repayment schedules and workings, ensuring timely payment of markup/Principal.
 Reviewing daily Bank Position, cheque issuance and recon of un-presented cheques.
 Working capital management & cash management and reporting on fortnightly basis.
 Preparation and updating of financial projections.