Ali Surmawala

• Working as Desk Lead directly reporting to the Assistant Section Head & Section Head
• Responsibilities:
• Filed tax returns and prepared governmental reports in compliance with strict standards.
• Ensure the execution of equity settlement through brokers and IDS settlement through National Clearing & Settlement (NCSS) as post user
• Ensure execution of Money Market and outright Settlements
• Ensure daily compliance of all settlements according to NBFC regulations and various circulars issued by SECP
• Prepare various workings of all funds for issuance of Trustee Reports for half yearly and annual accounts
• Review portfolio reconciliation of CDS & IPS vs. FMS
• Manage record of corporate action of all Collective Schemes & Discretionary Portfolio Clients
• Review Bank Reconciliation of all funds of respective AMCs (Asset Management Companies) on monthly basis
• Review the execution of daily transfer of funds
• Ensure monthly filing of Sales Tax Withholding Returns including Income Tax Returns
• Review income and sales tax withholding workings
• Review monthly, weekly and daily payments including Brokerage Fees, SECP Fees, etc,
• Filed tax returns and prepared governmental reports in compliance with strict standards.

Worked as an Assistant Manager directly reporting to the C.F.O. & Finance      Manager

•   Responsibilities:    Preparation Of Final Accounts
• Expenses recording and Payments
•  Invoicing to Customers
•  Filing Of Monthly Sales Tax Return
• Income and Sales tax workings and Computation  
• Costing of Import Vessels  
• Maintaining Petty cash  
• Assistance To Manager in Procurement Of Coal Vessels (L/c's and Documentations)
•  Maintaining Receivables and Payables and Bank statements  
• Maintaining and preparation of Bank reconciliations  
• Maintaining Billties report and Preparation of Billities reconciliation  
• Customer ledger reconciliation  
• Maintaining Inventory records/stock position
  
• Filed tax returns and prepared governmental reports in compliance with strict standards.
• Generated financial statements and facilitated account closing procedures each month.
• Computed taxes owed by applying prescribed rates, laws and regulations.

Worked as an Accounts Assistant directly reporting to the Accounts Manager.  

Responsibilities:  

Maintaining Export Debtors of various export parties, recording and   maintaining export related expenses e.g. freight expenses, rebate issues,   exchange gain loss.   Other responsibilities include maintaining schedules of employee loans,   gratuity, bonus, leave encashment, Director details etc and various parties’ reconciliations, physical stock take (monthly) factory, recording, payment and   maintaining different transport parties’ cartage expenses, vehicle expenses, depot cash in hand expenses and reconciliation, depot rent related tax calculations(tax on income from property).

Gained good experience of accountancy, and audits of different segments of business. Have gained working knowledge of IFRS, and ISA`s by working on   assignments in different organizations.  

Major Clients:   

• Nabiqasim Industries (Pvt) Limited

•   Surge Laboratories (Pvt) Limited
• Eastern Trade and distribution Company (Pvt) Limited
• Efroze Chemical Industries (Pvt) Limited
• Bari Textile Mills (Pvt) Limited
• Canampak Date Industries (Pvt) Limited                         

Key Responsibilities:  

• Audit strategy and planning  
• Detailed testing(Sales, COGS, Fixed Assets, Advances,       
• Deposits, Prepayments etc)  
• Physical stock count