HAFIZ SULTAN NASIR
Financial Analyst
Faisalabad
Summary
Forward-thinking team leader skilled at operating departments efficiently to meet goals. Successful background matching employees with roles for maximum performance. Proactive and hardworking individual focused on continuous operational improvement.
Overview
9
9
years of professional experience
Work History
Manager Audit & Compliance
National Silk & Rayon Mills Limited
02.2023 - 05.2024
- Ensure strong compliance of all company's policies & procedures.
- Define audit objectives, scope, and priorities based on risk assessment.
- Developed comprehensive audit plans to address identified risks, ensuring timely and effective execution.
- Identify potential risks associated with the change, such as data security, operational disruptions, and compliance issues.
- Implement best practices and technological solutions to enhance audit efficiency and effectiveness.
- Monitor and analyze emerging trends and best practices in the audit field to improve the department's effectiveness.
- Accomplished multiple tasks within established timeframes.
- Cross-trained existing employees to maximize team agility and performance.
- Streamlined workflows by identifying bottlenecks in existing systems and implementing appropriate solutions.
- Reduced operational costs through comprehensive process improvement initiatives and resource management.
- Oversaw inventory management, optimizing stock levels, and reducing waste.
- Coordinated with IT department to upgrade technology infrastructure, enhancing operational efficiency and data security.
- Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Ensured adherence to professional standards in all aspects of the audit process, upholding the integrity of audit work performed.
- Maintained detailed records of completed audits for reference purposes, ensuring easy access to historical information when needed.
- Identified opportunities for cost savings through careful analysis of financial data during audits, contributing to improved profitability.
- Enhanced audit efficiency by implementing risk-based audit strategies and streamlining processes.
- Contributed to continuous improvement efforts within the department by sharing best practices and offering constructive feedback on existing processes.
- Reduced financial discrepancies by conducting thorough internal audits and identifying areas for improvement.
- Strengthened the company''s overall control environment by identifying weaknesses and recommending corrective actions.
- Prepared working papers, reports and supporting documentation for audit findings.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Collected and reported monthly expense variances and explanations.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Tracked funds, prepared deposits and reconciled accounts.
- Maintained integrity of general ledger and chart of accounts.
Deputy Manager Accounts & Finance
HASSAN LIMITED
02.2020 - 02.2023
- Ensure strong compliance of all company's policies & procedures.
- Reviewed and presented financial reports with upper management in a clear and concise manner.
- Made recommendations to the Chief Finance Officer ways to improve the preparation of accounting entries to meet accuracy and completeness of the financial statements.
- Prepare costing sheets and production plan in association of production department.
- Ensure the compliance of relevant Sales Tax & Income Tax laws applicable.
- Prepare data for the sales tax return and incorporate the same into the sales tax return.
- Prepare debtors, creditors and banks reconciliation statement on monthly basis.
- Prepare the aging analysis of debtors and ensure timely receipts.
- Conduct monthly stock taking and prepare stock report.
- Conducted regular account reviews to identify areas for improvement and ensure continued success.
- Managed a diverse portfolio of accounts, ensuring timely communication and effective problem resolution.
- Negotiated contract terms with clients, securing favorable agreements for both parties.
- Streamlined internal processes for better efficiency in account management tasks.
- Cultivated long-term relationships with key stakeholders in assigned accounts, fostering trust and loyalty among clients.
- Streamlined account management processes, reducing response times and improving client service quality.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Collaborated with IT to develop secure, efficient electronic invoicing system, reducing processing times and errors.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
Assistant Manager Accounts
MAGNA PROCESSING INDUSTRIES (PVT.) LIMITED
01.2019 - 02.2020
- Oversee the management and coordination of all fiscal reporting activities for the company.
- Prepare annual accounts for banks and also projected accounts as and when required
- Overall managing all imports data and account for all expenses to capitalize them as per standard.
- Maintaining Intra-units current accounts and reconcile them on monthly basis.
- Collaborate with other departments / staff to support overall organization goals and objectives.
- Delivered regular financial presentations to senior management, facilitating informed decision-making processes.
- Reviewed documentation and identified financial discrepancies where applicable.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Utilized financial software to prepare consolidated financial statements.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Complied with established internal controls and policies.
CA Article-ship
Zahid Jamil & Co. (Chartered Accountants) - (A member firm of Prime Global)
06.2015 - 01.2019
- Providing a wide range of assurance services, with the primary focus on the objective of assurance on the true and fair view of financial information under IFRS's/IAS's and other reporting standards.
- Planning and allocating work, planning jobs, supervising the fieldwork, reviewing the files to managers and partners along with ensuring deliverables meet work plan and meeting deadlines.
- Conduct research on tax laws, regulations, and accounting standards to provide informed recommendations.
- Finalization, along with engagement partner, statutory audits of Listed, Non-listed Public Companies and Private Limited Companies and Partnerships and Sole-proprietorship.
- Also Involved in Quality Control Review (QCR) of the firm by ICAP.
- Performed calculation of tax workings including filing of annual income tax returns, monthly sales tax returns and monthly withholding tax returns
- Prepared replies of notices from tax department and electronic challans
- Prepare files for sales tax refund and responding to various income and sales tax notices with complete documentation as required.
- Expertise of preparing and reviewing annual, interim and projected accounts at advanced level.
- Performed services of inventory management assignments including physical stock taking, valuation of stock and reporting to higher management.
- Scrutiny of all bank's transactions, bank payments received and completely reconciled bank accounts with the general ledger accounts.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
Education
M.Com - Accounting And Business Management
Gomal University
Dera Ismail Khan, Khyber Pakhtunkhwa, Pakistan 04.2001 -
CAF - Accounting And Finance
ICAP
Faisalabad, Punjab, Pakistan 04.2001 -
B.com - Accounting And Finance
Punjab University
Lahore, Punjab, Pakistan 04.2001 -
Skills
Financial Management
Brief Profile
I am an experienced professional with a demonstrated history of auditing various clients of different sectors, skilled and experienced in International Financial Reporting Standards (IFRS), Corporate Laws, Auditing, Taxation and Information Technology. Accounting and Tax expert at intermediate stage of chartered accountancy. I have also done master in business studies. I look forward for making contribution in further uplifting a reputable organization.
Professionaldevelopmentandachievements
- Attended various seminars on International Financial Reporting Standards (IFRS's)/ International Accounting Standards (IAS's) and International Standards on Auditing (ISA's) arranged by the Institute of Chartered Accountants of Pakistan (ICAP).
- Given presentations and attended in-house workshops organized by the Firm on various topics of financial reporting, assurance, stock taking and general audit methodology.
- Achieved Certificate in Accounting & finance by attempting online examination of European Institute of Leadership & Management
Keymanagementskills
- Possess diversified knowledge of accounting, auditing and taxation by virtue of my training and experience in audit and assurance engagements. This includes knowledge and in-depth practical understanding of the following relevant area; International Financial Reporting Standards (IFRS's) / International Accounting Standards (IAS's).
- Companies Act 2017 along with relevant rules and regulations, code of corporate governance and listing regulations of PSX.
- International Standards on Auditing (ISA's).
- Income Tax Ordinance 2001 & Sales Tax Act 1990 along with relevant rules and regulations.
Languagescompetency
Fluent, National, Native
References
Reference will be furnished on demand.
Personal Information
- CNIC Number: 33102-5151246-3
- Date of Birth: 06/13/90
- Nationality: Pakistani
Languages
Urdu
Native language
English
Advanced
C1
Urdu
Proficient
C2
Punjabi
Advanced
C1
Timeline
Manager Audit & Compliance
National Silk & Rayon Mills Limited
02.2023 - 05.2024
Deputy Manager Accounts & Finance
HASSAN LIMITED
02.2020 - 02.2023
Assistant Manager Accounts
MAGNA PROCESSING INDUSTRIES (PVT.) LIMITED
01.2019 - 02.2020
CA Article-ship
Zahid Jamil & Co. (Chartered Accountants) - (A member firm of Prime Global)
06.2015 - 01.2019
M.Com - Accounting And Business Management
Gomal University
04.2001 -
CAF - Accounting And Finance
ICAP
04.2001 -
B.com - Accounting And Finance
Punjab University
04.2001 -
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