Muhammad Shabbir Shafi

• Administer the preparation of the annual budget for the area(s) within the scope of responsibility.
• Collaborate with department heads to set the key annual targets and budget assumptions, and ensure proper review and consolidation of budget plans.
• Assure effective engagement with relevant parties to identify and address potential areas of cost and resources optimization.
• Assure effective coordination and follow up with the relevant external and internal parties to address matters of concerns.
• Manage and oversee the cost accounting operations ensuring their compliance with the applicable policies, procedures, statutory requirements, and standards.
• Perform analytical reconciliation of costing and budgeting; and compile & disseminate cost variance analysis reports, and provide relevant advice to Management.
• Identify and assess potential changes or trends that may impact cost, and incorporate the approved changes and deviations; and provide proposals and recommendations for cost and expenditure adjustments.
• Review documentation for purchase orders to ensure that they are in line with the DoA and the approved budget.
• Plan and implement appropriate adjustments on strategy for cost allocation and budget utilisation to meet the business needs and align with the overall business plans.
• Manage and control the valuation of inventory, project activities, and product.
• Identify, develop, and maintain a dashboard of KPIs and Score-cards to monitor the effectiveness of the deployed policies, strategy and plans.
• Perform data analysis and prepare timely and comprehensive reports.
• Partake in the preparation of financial statements, budgets and financial plans.
• Ensure that company data, information, documentations and reports are kept updated and archived physically and electronically in line with the approved policy.
• Ensure that the principal risks, including but not limited to, environmental, operational, financial, geological, legal and regulatory risks, are identified and that appropriate systems are in place which effectively monitor, mitigate and communicate those risks.
• Manage the engagement with the auditors through effective collaboration and prompt and comprehensive responses to assure the successful closure of audit observations.
• Partake in testing the effectiveness of the design and implementation of Internal Controls over financial reporting (ICoFR).

· Manage and oversee the accounting operations within the scope of responsibility ensuring their compliance with the applicable policies, procedures, statutory requirements, and standards.

· Timely initiate and/or book transactions to have accounts as a fair reflection of activities.

· Control the general ledger including direct inputs and data transfers from all subsidiary ledgers, fixed asset register, trade accounts, and receivable ledger ensuring all accounting and bookkeeping functions are properly executed and all financial postings are correctly coded in line with the approved financial and accounting policies and procedures.

· Perform monthly closings and journal entries and review financial reconciliation of accounts to ensure adequacy and accuracy of all financial data.

· Identify, develop, and maintain a dashboard of KPIs and Score-cards to monitor the effectiveness of the deployed policies, strategy and plans.

· Assure continuous and effective optimization and development of processes and resources within the scope of responsibility.

· Assure effective engagement with relevant parties to identify and address potential areas of cost reduction or other area(s) of improvements.

· Assure effective coordination and follow up with the relevant external and internal parties to address matters of concerns.

· Perform data analysis and prepare timely and comprehensive departmental statements and reports.

· Partake in the preparation of financial statements, budgets and financial plans.

· Ensure that company data, information, documentations and reports are kept updated and archived physically and electronically in line with the approved policy.

· Ensure that the principal risks, including but not limited to, environmental, operational, financial, geological, legal and regulatory risks, are identified and that appropriate systems are in place which effectively monitor, mitigate and communicate those risks.

· Manage the engagement with the auditors through effective collaboration and prompt and comprehensive responses to assure the successful closure of audit observations.

· Partake in testing the effectiveness of the design and implementation of Internal Controls over Financial reporting (ICoFR).

• Responsible for ensuring that AP, GL & FA records are kept updated perpetually
• Reconciles Accounts Payable balances with vendor statements on monthly basis.
• Independently handle correspondence with suppliers
• Ensures set off of payments against invoices to maintain open item list
• Periodic Aged Payable reports
• Accurate payment processing
• Co-ordination with Banks for payments
• Preparation of AP related MIS reports and analysis
• Adherence to Standard operating policies and procedures
• Assist in period end closing and reporting
• Supervision of the work of assistants
• Preparing and Managing Bank Guarantees i.e., Tender Bond, Performance Bond, Advance Payment Bond, Retention Bond etc
• Preparing and managing Documentary Credits
• Analysis in the field of interest on Credit Import Loan
• Preparing the CAPEX and presenting report on Fixed Assets
• Preparing stock checking report on perpetual inventory method
• Preparation of Monthly Management Accounts
• Performed related duties and special projects as assigned.

• Dealings with banks and financial institutions.
• All matters relating to lease and insurance.
• Preparation of Budget, Cash flow statement and other “MIS” reports.
• Overall financial planning of the company.
• Control and checking of manufacturing, cost and financial accounts.
• Got audit and to present accounting records to any tax department.
• Development of computer software for financial accounting, inventory, payroll etc. or according to any change in law, tax rules or any other needs of the management.
• Got Assessment from both income tax and sales tax departments.
• Any other dealings with both the above departments.
• Any other management or legal matter related with the Accounts or Finance.