Imran Khan

Work History

Freelance Business Consultant

Upwork

Online

02.2023 - Current

Book Keeping Services
Accounting Process Outsourcing
Payroll Management
Corporate Tax Preparation & Filing
VAT Management
Personal Income Tax Preparation & Filing
Personal Finance Planning

Managing Partner/Entrepreneur

Uniline Trading LLP

Lahore

02.2021 - 01.2023

Planned, developed and invested on an ecommerce platform "Talatum" which was based on the concept of community echo system of online grocery shopping with home delivery, C2C trade nursery to transform the talent & skills attained by women & students into their handy sources of earning, bargaining center for selling antiques and used personal moveable items at best prices and not least seasonal festival point where hot selling seasonal items were available all round the year
Conceived, developed and invested into a brand "Unigem" to offer quality raw food ingredients to online customers
Established a legal entity "Uniline Trading LLP" for international trading of goods.

Senior Financial Analyst

BP Middle East LLC.

Dubai

05.2014 - 01.2021

Financial Planning: To coordinate with stakeholders to collect data for preparing annual financial plan. To update annual plan by embedding quarterly rolling forecasts.
Performance Analysis: To prepare plan vs actuals analysis, to analyze variances and their causes. To coordinate with relevant team to agree on mitigation plan.
Financial Reporting: To prepare country financials for decision makers in leadership team and to provide desired information to management as and when needed.
Trade Debtors Management (Portfolio of US$ 3 million): To coordinate with sales team and to provide a monthly recovery plan to minimize aged debts. To Prepare aging analysis for monitoring and reporting and controlling release of credit in accordance with the credit terms and overdue status.
Inventory Accounting (Portfolio of US$ 1.5 million): To monitor slow moving items and to make provisions for obsolete, expired & unsaleable stocks where needed as per company policy. To conduct variance analysis under standard costing method. To provide support to supply chain team in planning stock levels, minimum order quantities and to coordinate with sales team to plan finished goods stock liquidation.
Auditing Process: To provide support to external auditors on completion of statutory audits. To ensure compliance with audit timeline and to coordinate with other teams to extend support in facilitation.
Trade Creditors Management (Average cash outlay of US$ 6 million): Involved in releasing foreign and local payments to group and third-party creditors in settlement of trade liabilities.
Risk Control & Compliances: To prepare accruals and provisions based on matching concept. To ensure compliance with delegation of financial authority and to follow due diligence process (KYC) for new Supplier and Customers. To perform various statutory compliances.
Short-term Investments (Liquidity portfolio of US$ 5 million): To negotiate profit rates with bank to place surplus liquidity into short term investment earning additional other income of about US$ 0.5 million for the business every year.
Treasury & Banking (Portfolio of US$ 10 million): Involved in cash forecasting to run operations and to arrange foreign remittances through bank. To operate online banking system for routine operations and to deal with credit mitigation tools e-g; Letters of credits and bank guarantees etc. between user departments and respective banks.
Pricing & Costing: To provide core support to business in relation to pricing and costing of products and to monitor product-level margins to align performance of procurement & Sales functions with business plans.

Accounting Supervisor

Castrol Pakistan (Pvt) Ltd.

Karachi

01.2009 - 04.2014

Reviewed contracts, invoices and purchase orders prior to approval.
Assisted in the preparation of the annual budget.
Maintained accurate records of all transactions related to finances.
Ensured compliance with GAAP standards, internal controls, governmental regulations and laws.
Developed and implemented policies and procedures for the finance department.
Performed other duties as assigned by senior management.
Created ad hoc reports as requested by management team members.
Reviewed, analyzed and reconciled financial reports to ensure accuracy of information.
Collaborated with external vendors such as banks, insurance companies.
Provided assistance in preparing tax returns in accordance with applicable laws.
Managed accounts payable and receivable activities including invoice processing, payments, collections.
Approved cash disbursements by verifying check amounts against invoices and authorized checks and wire transfers.
Assisted with the annual audit process by providing account analysis, schedules, and other requested documents.
Monitored cash flow and prepared budget forecasts to ensure sufficient liquidity.
Ensured compliance with all federal, state and local laws regarding taxation and reporting requirements.
Verified and posted account transactions to prepare checks and maintain accounting ledgers.
Tracked fixed assets including purchase dates and costs; calculated depreciation amounts and recorded disposals.
Oversaw accounts payable and receivable processes for accuracy and timeliness of payments.
Coordinated payroll activities including employee time tracking and payroll processing services.
Investigated discrepancies in financial data and prepared corrective journal entries.
Managed day-to-day bookkeeping activities such as invoicing customers, reconciling bank accounts, recording deposits and withdrawals.
Reconciled intercompany balances with subsidiaries on a monthly basis.
Collaborated with external auditors during year end audits to provide necessary information for filing taxes accurately.
Prepared monthly balance sheet reconciliations for review by management.
Implemented new accounting systems to streamline workflow processes and increase efficiency.
Supported annual audits by providing information and answers to auditors.
Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
Conducted reviews and evaluations for cost-reduction opportunities.
Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
Invested funds and recommended appropriate dividend issuances based on historical dividend patterns and expected cash flows.
Created and updated financial reports on frequent basis to present information to leadership teams.
Managed relationships with tax authorities, bankers and auditors.

Summary

Overview

Skills

Software

Work History

Freelance Business Consultant

Managing Partner/Entrepreneur

Senior Financial Analyst

Accounting Supervisor

Education

Level-3 Advanced Certificate of Book Keeping -

Master of Business Administration - Finance

Cost & Management Accountancy, Part-I & II -

Bachelor of Science -

Accomplishments

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