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Asad Ali Hussaini
Fellow Chartered Certified Accountant
Karachi
Summary
Well-qualified financial systems leader offering demonstrated skill and success in managing internal accounting processes, improving controls and strengthening systems for optimal performance. Proficient in all aspects of accounting, including accounts payable, fixed assets, general accounting, cost budget administration.
Eager to acquire new skills and techniques based on market dynamics. Effectively perform in a team environment to achieve organization goals through technical, communication and interpersonal skills. Streamline processes in order to reduce work load and improve efficiencies.
Overview
11
11
years of professional experience
12
12
years of post-secondary education
Work History
Cost Controller
National Bank of Pakistan
Karachi
04.2022 - Current
- Preparation of the annual costs budget, including ongoing business performance monitoring, reporting,analysis and insights into the cost drivers.
- Critically review the major business initiatives and projects and conduct post-spend analysis.
- Created and distributed reports on internal and external finances, and budgets.
- Completed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
- Worked with executives to create annual budget and track actual expenses against projected expenses.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
Manager MIS & Budgeting
JS Bank Limited
Karachi
04.2021 - 04.2022
- Review Administrative costs and its allocation mechanism at segments level
- Review the transactions posted in Ledger and escalate any anomalies to respective transaction owner
- Correspondence with bank-wide stakeholder regarding their cost’s variances
- Preparing monthly support/cost function MPRs “Monthly Performance Report” and resolve any queries raised from stakeholders
- Involve in cost budgeting exercise, including both Top-down and Bottom-up approaches
- This includes review and justification of various cost-benefit analysis and other budgeting related activities
- Preparation of fortnightly/monthly Management Accounts and report variances at income as well costs level
- Act as a bridge between the Support / Business Functions and Finance to ensure timely preparation/circulation of MIS to relevant stakeholder
- Evaluation of major costs’ initiatives being incurred and compare with projected/budgeted cost
- Manage the entire month end closing processes at the Head office level
- Assisting team / inter-departments with fetching data from systems via PL/SQL or Microsoft SQL.
Head ERP Management
Habib Bank Limited
Karachi
01.2019 - 04.2021
- Implementation and handling of EBS R12 financial modules i.e. General Ledger, Accounts Payable, Fixed Asset & Property Module
- Correspondence with bank-wide stakeholder regarding their expenditures reasoning and details
- Optimization of processes such as introducing controls to minimize human error and increase cost efficiencies
- Liaison between functional teams, IT Support & Development and DBA teams on system issues, enhancements and projects
- Leading automation initiatives of the Expense Management Department which includes Fixed Assets, IFRS 16 implementation etc
- Managed accounting cycle including gathering information, preparing documents, finalizing reports and closing books
- Manages fixed asset activities including reporting related to Additions/Depreciation schedules along with Disposal reporting for notes to the accounts
- Ensure tax related setups are placed in system as per Finance Act, Income Tax Ordinance and Sales Tax Act
- Assist internal and external auditors in completing their assignments related to system as well as departmental audit
- Ensure month end closing cycle of Procurement / Payables / Fixed Asset/Property Module (IFRS-16) and General Ledger and ensure Trial Balance remains intact
- Use FSG tool to generate GL Level reports / trial balances and optimize query creation via PL/SQL.
Assistant Manager Costs / Fixed Asset Accountant
Habib Bank Limited
Karachi
09.2014 - 12.2018
- Recommend improvements to policies and procedures relevant to Expense Management and direct implementation of the same.
- Review monthly accruals / expenses reasoning and correspond with relevant stakeholders regarding variances
- Implemented Oracle ERP Financials including P2P accounting, fixed assets/CWIP cycle
- Generate costs reports for management review to aid in financial and business decision making
- Reconcile core system information and reported figures in Oracle R12 general ledger and maintains accounting reports for audit purposes
- Closely monitoring of accounts to ensure timely payments / expenses / assets are booked in Oracle ERP
- Ensure proper taxes (Income/Sales Tax) calculated/deducted on POs and Invoices in system
- Ensure proper closure of books on month end which includes sub-ledger / outstanding accruals / clearing / suspense accounts etc
- Ensure all additions/transfers/retirements/depreciation are accounted for in system including reconciliation of asset/CWIP clearing accounts.
ACCA Trainee
Habib Bank Limited
Karachi
01.2012 - 09.2014
- Performed various administrative functions, including filing paperwork and bookkeeping
- Preparing and dispatching Tax Certificate to vendors
- Preparing and allocating pool car related cost to relevant departments based on their cost driver/usage.
Education
Junior Associate of Insititute of Bankers Pakistan - Banking
Institute of Bankers Pakistan
Karachi, Pakistan 06.2022 - Current
MBA - Finance
Institute of Business Management (IOBM)
Karachi, Pakistan 08.2015 - 12.2018
Association of Chartered Certified Accountant -
British Council
United Kingdom 01.2011 - 03.2016
Bachelor's in Commerce -
University of Karachi
Karachi, Pakistan 06.2011 - 12.2012
High Secondary School (Intermediate) -
Aga Khan Higher Secondary School
Karachi, Pakistan 08.2008 - 05.2010
Skills
Microsoft Power BI
Accomplishments
- Implemented Oracle Enterprise Resource Planning R12 comprising of 6 modules i.e
- Purchasing, Inventory, Accounts Payable, Fixed Asset, General Ledger and Property Management
- Developed in-house Invoice Receiving Tracking module on Microsoft Access.
- Developed multiple business performance reports, cost models for effective and efficient tracking and update
Interests
PC Gaming
Explore SQL, Python etc
Timeline
Junior Associate of Insititute of Bankers Pakistan - Banking
Institute of Bankers Pakistan
06.2022 - Current
Cost Controller
National Bank of Pakistan
04.2022 - Current
Manager MIS & Budgeting
JS Bank Limited
04.2021 - 04.2022
Head ERP Management
Habib Bank Limited
01.2019 - 04.2021
MBA - Finance
Institute of Business Management (IOBM)
08.2015 - 12.2018
Assistant Manager Costs / Fixed Asset Accountant
Habib Bank Limited
09.2014 - 12.2018
ACCA Trainee
Habib Bank Limited
01.2012 - 09.2014
Bachelor's in Commerce -
University of Karachi
06.2011 - 12.2012
Association of Chartered Certified Accountant -
British Council
01.2011 - 03.2016
High Secondary School (Intermediate) -
Aga Khan Higher Secondary School
08.2008 - 05.2010
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