Oracle
Imran Tariq
Manager Finance & Taxation
Karachi
Summary
Driven and analytical professional with keen eye for financial detail and positive attitude. Possesses deep understanding of financial reporting standards and proficiency in financial analysis and budgeting. Committed to optimizing financial performance and delivering strategic insights to drive business growth.
Overview
14
14
years of professional experience
6
6
Certifications
2
2
Languages
Work History
Finance and Accounting Manager
Archroma
12.2015 - Current
- Oversaw the month-end closing process, ensuring timely and accurate financial statement preparation.
- Spearheaded annual audit process, liaising with external auditors to ensure smooth completion of requirements within deadlines.
- Managing financial and supply chain forecasts through comprehensive evaluations of business requirements by optimizing working capital management practices and forecasting future needs accurately.
- Streamlined financial processes by implementing automated systems and reducing manual tasks.
- Strategizing and preparing the company's Income Tax, VAT, and Customs clearance planning to optimize tax savings ensuring exploration of available tax subsidies, thereby maximizing value for money.
- Developed comprehensive financial models to support strategic decision-making and drive business growth.
- Implement Treasury Intelligence System (TIS) aligning all receipts and payments in the consolidated group portal through Host to Host (H2H) mechanism.
- Engaging with tax authorities and effectively handling tax notices by preparing and submitting relevant tax workings, also maintaining comprehensive track records of prior tax years.
- Leading the annual budgeting process, in collaboration with all department heads to ensure alignment with organizational goals.
- Create long-term and short-term strategic business plans based on the analysis of the company's status and financial forecasts.
- Establishing and maintaining business relationships with all stakeholders such as banks, suppliers, and customers to foster harmonious relationships. Also, strengthened internal communication channels between finance team members through regular meetings and collaborative tools.
- Formulating and executing investment strategies for employees' Trust funds to achieve maximum profits.
- Assessed risks and opportunities, implementing strategies to mitigate potential losses and maximize gains.
- Mentored junior staff members, fostering a supportive work environment that encouraged professional growth.
- Implemented internal controls to reduce errors and fraud while maintaining regulatory compliance.
- Generated monthly and quarterly financial statements for executive review.
- Drove cost reduction initiatives by identifying inefficiencies in existing processes and suggesting improvements based on best practices
- Collaborated with cross-functional teams to develop integrated solutions for complex business challenges.
- Negotiated favorable contract terms with vendors, leading to cost savings throughout the organization.
- Maintained high levels of confidentiality when dealing with sensitive financial information, ensuring data privacy and security.
Assistant Manager - Treasury & Supply
Hascol Petroleum Limited
08.2014 - 11.2015
- Responsible for managing corporate finance and trade finance facilities according to the organization's specific business requirements.
- Managing cost allocation of all cargo's and ensure proper distribution among OMC's.
- Facilitating the registration of Privately Placed Term Finance Facility (PPTFC) with the Central Depository Company (CDC) within stipulated deadlines, crucial for securing funds for project enhancement.
- Handling Customs In-bonding and Ex-bonding processes of custom duties while monitoring Foreign Exchange movements to facilitate favorable transactions.
- Maintaining stocks position petroleum products, including valuations and available stock, considering pending orders to forecast future inventory requirements.
- Managed procurement activities, driving cost savings through strategic sourcing and contract negotiations.
- Optimized warehouse operations, resulting in improved order fulfillment rates and reduced order processing time.
- Managed logistics functions including shipping coordination, customs compliance, freight negotiations, and carrier selection.
- Managed budgeting process, ensuring accurate forecasting and timely adjustments to meet business needs.
- Strengthened communication between finance department and other business units, fostering an environment of collaboration across the organization.
Assistant Manager - Accounts
Tata Pakistan
10.2012 - 08.2014
- Prepared consolidated financial statements for Tata Energy Limited, the parent company of Tata Best Foods, as well as stand-alone financials for both entities.
- Acted as a valuable team member during the implementation of (Oracle ERP r12) under the supervision of A.F. Ferguson (PWC).
- Contributed to the preparation of various master data files relating to fixed assets, customers, and additional suppliers.
- Managing management reports for Tata Best Foods which provides analysis of break-even, unit-wise sales and profit cost-effectiveness for each product, detailed expense breakdowns, cost sheets, and waste analysis.
- Maintained fixed assets register, handled CAPEX workings, and conducted thorough valuation assessments of assets.
- Prepare VAT/sales tax and income tax returns in compliance with relevant rules and regulations.
- Conducted stock valuation for various items, such as live animals, chilled meat, bone-in and debone meat, while efficiently managing debtors and closely monitoring overdue balances.
- Completed regular inventory counts to verify stock levels, address discrepancies, and forecast future needs.
- Conducted employee performance evaluations, providing constructive feedback for growth and development.
Assistant Account
Tata Pakistan
12.2010 - 09.2012
- Skillfully prepared bi-annual insurance renewal policies, providing comprehensive coverage for power engines, plants, machinery, and other fixed assets, while diligently scrutinizing and implementing necessary amendments.
- Conducted precise calculations of depreciation, repayment of long-term finance facility (LTFF) loans, bank guarantee commissions, tax cards for employees, exchange gain/loss, forward booking, and current maturity.
- Proficiently managed e-filing of sales tax returns through the FBR portal, ensuring accurate maintenance of sales tax documents and meticulous bank reconciliations.
- Assisted managers in decision-making processes based on thorough research and analysis of available data.
Education
ACCA - UK - Accounting & Finance
ACCA - UK - Fellow Member
Association Of Certified Chartered Accountant - UK 04.2001 -
MBA - Finance
University of Karachi
Karachi, Pakistan 04.2001 -
Skills
Financial Reporting
Treasury & Supply Chain Management
AP and AR management
Credit analysis
Income/VAT Tax Planning & Compliance
Investment management
Variance analysis
Business intelligence tools
Revenue recognition
Certification
Key member for Implementation of ERP System - Oracle
Affiliations
- Toastmasters
- Karachi Tax Bar Association
Software
Timeline
Finance and Accounting Manager
Archroma
12.2015 - Current
Assistant Manager - Treasury & Supply
Hascol Petroleum Limited
08.2014 - 11.2015
Assistant Manager - Accounts
Tata Pakistan
10.2012 - 08.2014
Assistant Account
Tata Pakistan
12.2010 - 09.2012
ACCA - UK - Accounting & Finance
ACCA - UK - Fellow Member
04.2001 -
MBA - Finance
University of Karachi
04.2001 -
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