Adnan Arif

Lucky Textile Mills Limited, the Pioneer Company of Yunus Brothers Group, is one of the largest vertically integrated textile company of Pakistan. The Company is engaged in manufacturing and exporting of Home Textile and Apparel Products. Following are my few key responsibilities:

• Ensuring smooth and accurate recording of accounting transactions in accordance with IASs, IFRSs and Companies Act, 2017.
• Reviewing Quarterly, Half yearly and Annual financial statements in accordance with applicable statutes.
• Oversaw the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
• Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
• Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
• Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
• Led treasury management efforts by optimizing cash investments while mitigating exposure to foreign exchange fluctuations.
• Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
• Created, planned, and implemented policies and procedures to increase productivity and maximize return on investments.
• Managed risk effectively through comprehensive insurance coverage review and implementation of robust internal controls.
• Provided insightful financial analysis for mergers and acquisitions, resulting in successful transactions that added value to the organization's portfolio.
• Enhanced profitability with cost reduction initiatives, such as renegotiation of supplier contracts and process improvements.

• Lead a high-performing finance team responsible for financial planning, analysis, and reporting.
• Developed and executed financial strategies to support the company's growth objectives.
• Implement robust financial modeling techniques to assess investment opportunities, leading to a reduction in capital expenditure.
• Successfully revamped financial reporting processes, reducing reporting cycle time by 15%.
• Implemented key performance indicators (KPIs) to monitor financial performance and improve decision-making.
• Played a pivotal role in the successful implementation of a new ERP system, ensuring minimal disruption to financial operations.
• Improved cash flow management by monitoring working capital requirements and implementing best practices for optimizing liquidity.
• Directed annual budget process and quarterly forecast updates, integrating financial data from multiple sources to ensure accurate projections.

• Conducted risk based internal audit including internal controls testing and highlighting high risk areas/ functions.
• Facilitated Head of Internal Audit in devising Internal Audit plan.
• Conducted financial audits on ongoing basis specially reviewing financial statements on annual, half yearly and periodic basis for compliance with the governing land laws as well as with IFRS for adequate disclosures.
• Carried out compliance reviews and investigations.
• Liaised with the Regulators for conducting their investigations/audits and with external auditors for conducting annual and half year audit.
• Facilitated the development of policies, procedures, internal controls and processes.
• Facilitated management in documenting operating procedures and evaluating the same as to whether they are effective enough to prevent fraud and error.
• Reviewed monthly fund manager reports prior its printing to ensure compliance with guidelines issued by Mutual Fund Association of Pakistan (MUFAP).
• Ensured Sharia compliance for Islamic mutual fund floated.

I served as an Assistant Manager in the Audit and Assurance Department at the Firm, where I reported directly to Senior Audit Managers and Partners. Having completed the mandatory 3.5-year training requirement mandated by the Institute of Chartered Accountants of Pakistan at KPMG Taseer Hadi & Co on May 14, 2011, I continued as an employee there.

During my tenure at KPMG, I had alo been seconded to KPMG Lower Gulf Limited, Abu Dhabi UAE on the deputation of four months for carrying out external audits of Firm's clients in Abu Dhabi. I was working as Senior
Associate Auditor in the Audit & Assurance Department of the Firm.

During this tenure I had been involved in the audit of following portfolio of clients of various Multinational Companies.

With over 5 years of audit experience at the firm, I acquired a profound understanding of regulatory environments across diverse industries, as well as expertise in key business processes, and accounting and internal control systems implemented within various organizations. My responsibilities encompassed conducting statutory annual audits, interim reviews, and special assignments, allowing me to contribute significantly to the firm's objectives.