A Qualified MBA (Finance / Supply Chain) and student of ICMA Pakistan (Managerial Level) with 10 yrs. + experience in Finance, Taxation & Supply Chain. During this tenure i have served major companies in Pakistan involved in manufacturing / service industry and developed the following skills:
· Supervision of Accounts & ensuring Financial Controls
· Establishment of Financial Statements
· Bank Reconciliation
· Creating Sales Tax & Income Tax Payment Challans
· Sales Tax & Income Tax filing and related issues
· Well versed in related sections of tax laws (ITO 2001, Sales Tax Act 1991, Customs Act 1969 etc.)
· Imports Management
· Well versed in Foreign Exchange Regulations Act 1947 (Chap: 13 – Imports)
· Establishing Electronic Import Form (EIF) in WEBOC
· Establishment of LC documents
· Preparing of documents for opening Bank contract for import
· Material Management
· Demand Forecasting
· Maintaining Coordination with suppliers and customers
Responsibilities:
· Supervising the Financial & Supply Chain activities of both the organizations (USC & UP)
· Managing Ledger, Trial Balance & Construction of Management Accounts
· Preparation of Product Costing
· Creating Sales Tax & Income Tax Challans
· Sales Tax & Income Tax filing and related issues
· Well versed in related sections of tax laws (ITO 2001, Sales Tax Act 1991, Customs Act 1969 etc.)
· Reconcile and prepares data for Advance Tax collected u/s. 231,233, 235, 236, 236B, 236C, 236L.for income Tax filing u/s. 165
· Imports Management
· Well versed in Foreign Exchange Regulations Act 1947 (Chap: 13 – Imports)
· Establishing Electronic Import Form (EIF) in WEBOC
· Establishment of LC documents
· Preparing of documents for opening Bank contract for import
Achievements:
· Implemented ERP in both the companies by properly organizing and establishing proper Accounting Structure
· Solved the matter of claiming Rs.2,000,000/- Sales tax paid in advance in the month of July 2020 by USC due to late submission of input tax invoice by the vendor in close coordination with FBR support team.
· Helped USC in revaluation of its inventory which was earlier being overvalued. Thus, helping cost cuts in Accounting books by Rs. 100,000,000 yearly and increase in Gross Profit.
· Helped achieve success with Pakistan Customs in Revaluation of Assessment price on imports of Polyurethane Prepolymers from 3.3/ Kg to 2.8/Kg. Thus facilitated in saving approx Rs.4,800,000 / month cash flows stuck with customs u/s. 81 of customs Act 1969
Supervising the Financial & Supply Chain activities of the business Managing Ledger, Trial Balance & Construction of Management Accounts LC establishment with banks Furthering Remittances / Wire Transfers o Foreign Principals Looking after Sales Tax & Withholding Tax return filing & Payments to FBR Supervising Logistics & Import activities of the business Handling Inventory Management
Filing Sales Tax return on Sindh Revenue Board (SRB)
Filing Sales Tax return on Punjab Revenue Authority (PRA)
Filing Withholding tax return on FBR
Preparing, computing and reconciling sales tax payments from customer for the purpose of filing return
Dealing with the notices served by SRB on input claims and output invoices contradiction
Maintaining and supervising data for 1200 plus vehicles for excise & taxation
Monitoring the interdepartmental coordination for the complaints and complaints filed by the customers
Responsibilities & Acheivements at AEC:
• Managing Imports of Raw Material
• Stores & Warehouse Operations (Receiving & Delivery Challan, issuing & receiving from the factory departments etc.)
• Inventory Management
• Logistics Management (Managing delivery and receiving of material intercity and out of city
• Maintaining minimum stock of materials being demanded
• Implementing & Maintaining 5s in Stores (Sort, Straighten, Standardize, Shine, Sustain)
• Managing Vendors through building partnerships
• Utilizing organization’s cash flow in an efficient manner by holding minimum inventory with suppliers
• Reconciling Ledger with Suppliers
• Introduced the ‘KANBAN’ (Waste Reduction) in Stores by utilizing the idol lying investment and material
• Achieved Grand Cost Saving (Rs. 11,04,263) and Grand Cash Flow Savings (Rs.87,88474) during June – September 2014 for AEC