Summary
Overview
Work history
Education
Skills
Languages
Timeline
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Jahangir ASLAM

Jahangir ASLAM

Lahore,Punjab

Summary

Adept at managing budgets, payroll, invoicing and all other general accounting functions in diligent and quality-driven manner. Instrumental in keeping business operations fully compliant and working within budgetary guidelines. Fastidious in tracking all expenses and reconciling accounts.

Focused Account Specialist with 16 years of experience. Adept at writing detailed reports and budgets, completing detailed financial analysis and planning strategically for top client services. Detail-oriented with extensive knowledge of cash and record maintenance and comprehensive account reconciliations. Knowledgeable management professional with proven success in achieving and exceeding regional revenue goals within company growth strategies. Skilled at developing local business strategy and overseeing change management to implement successful improvements.

Overview

17
17
years of professional experience

Work history

Managing Director

Al Qaswa Textile Private Limited
Lahore, Pakistan
04.2021 - Current
  • Generated and achieved regional revenue goals, exceeding targets within company growth strategies.
  • Spearheaded development and delivery of future product offerings based on in-depth market research.
  • Directed staffing requirements, managed priorities and coordinated workflows to uphold productivity objectives.
  • Supervised budgets and timelines, ensuring progress met project scope targets.
  • Provided customers with outstanding service, extending relationships for future business opportunities.
  • Interpreted underlying risks, business needs, client requirements and cost structures to increase forecasting accuracy.
  • Kept accurate company records, upholding compliance with regulations and company policies.
  • Maintained smooth operations through careful management of office workflow and administrative processes.
  • Offered expertise and guidance in production and cost management while supervising management team.
  • Devised and implemented long-term strategy to drive progress in production and cost effective solutions.
  • Updated policies and procedures to strengthen controls within different departments for improved operational standards.
  • Controlled spending to achieve 12% reduction in outgoing costs.
  • Cultivated strong work culture and high standards to drive employee retention and performance.
  • Managed team performance, celebrating successes and identifying areas to improve.
  • Maintained cash flow by monitoring bank balances and cash requirements.
  • Tracked expenses and inventory purchases against budget guidelines to maintain financial controls.
  • Supervision of financial modelling to assist with business forecasting.
  • Reviewed work of accounting team meticulously to maintain consistent standards.
  • Maintained compliance with company standards and legal requirements.
  • Prepared departmental budgets, financial forecasts and variance analysis.

Fixed Asset Accountant

Total Parco Pakistan Limited
Lahore, Pakistan
09.2016 - 03.2021
  • Track company expenditures for fixed assets in comparison to capital budget and management authorizations approximately 50 Million US Dollar
  • Record fixed assets by creating and supervising system of procedures, forms, and controls
  • Cooperated with senior leaders to create capital expenditure budgets and initiate financial planning Accurate and timely compilation, system uploading of Capital Expenditure budget
  • Monitoring of approved budget and disbursement to relevant department as per business requirement
  • Collecting and consolidating line items and their funding requirements and reviewing proposal and approval process
  • Record fixed asset acquisitions with dispositions in accounting system and assign tag numbers to fixed assets
  • Calculate asset retirement obligations for those fixed assets to which assets retirement obligations are applicable, investigate potential obsolescence of fixed assets and conduct periodic impairment reviews for intangible assets
  • Calculate depreciation for all fixed assets, review and update detailed schedule of fixed assets and accumulated depreciation
  • Prepare audit schedules relating to fixed assets, and assist auditors in their inquiries
  • Conduct periodic physical counts of fixed assets
  • Maintain monthly report of capital expenditures committed, liquidated, disinvestment and long term loans for submission to regional office
  • Led monthly meetings with directors to analyse spending and provide financial recommendations.
  • Compiled and assessed investment pricing, yield and expected changes.
  • Maintained complete and accurate financial records following optimal accounting principles.

Receivable Executive

Total Parco Pakistan Limited
Lahore, Pakistan
02.2014 - 08.2016
  • Keep track on invoices that are outstanding
  • Ensure smooth and efficient collections from customers
  • Ensure timely and accurate recording of collections from customers
  • Perform account reconciliations of approximately 578 Customer monthly
  • Monitor customer account details for non-payments, delayed payments and other irregularities
  • Research and resolve payment discrepancies by liaison with all banks customer care managers
  • Generate age analysis and review AR aging to ensure compliance
  • Maintain accounts receivable customer files and records
  • Follow established procedures for processing receipts and cash
  • Investigate and resolve customer queries regarding their Account receivable ledgers
  • Develop recovery system and initiate collection efforts, communicate with customers via phone, email
  • Assist with month-end closing and collect data and prepare monthly metrics
  • Oversaw up-to-date general ledger documentation for thorough reference.
  • Completed weekly bank reconciliations for accurate and deadline-oriented accounting.
  • Trained billing teams to perform accurately under pressure.
  • Developed records storage and maintenance for improved audit reliability.
  • Implemented process improvements to tackle underperforming areas.


Finance Executive

Pak Elektron Limited (PEL)
Lahore, Pakistan
09.2012 - 01.2014
  • Maintain Power division collection receivable pipeline report on Daily basis approximately 1 Million US Dollar monthly
  • Reconcile daily sales and collection of payments of Power Division
  • Calculation of late delivery charges
  • Reporting and evaluation of orders
  • Prepare monthly, quarterly and annual forecasting reports
  • Conduct credit checks
  • Responsible for reconciling and reporting accounts
  • To ensure payments are promptly prepared and coordination of all trade services activity including:
    LC confirmation monitoring,
    Discounting,
    Reimbursement fees,
    Collection of fees, commissions and charges claimed in timely manner,
    Deal with queries in timely manner,
    Monitoring of daily reports as requested
  • Arrangement and settlement of short term loans against Letter of Credits and Contracts, coordination with bank to provide all required documents
  • Distribution of short term loans as per planned contracts against facility of 5 Billion Pakistan Rupees

Assistant Manager Costing

Himont Group
Lahore, Pakistan
06.2011 - 08.2012
  • Calculate standard cost of products of 30 plus products
  • Develop and monitor cost-effective data accumulation systems needed to provide appropriate level of costing information to Management
  • Update standard cost of products with change of cost of materials and overheads on monthly basis
  • Suggest feasibility of price for quotations to institutional tenders
  • Prepare budget of manufacturing overheads before start of ensuing year and analyze actual results against planned data to highlight significant deviations on monthly and year to date basis
  • Review work in process and analyze movement of work in process to finished goods inventories to identify inventories stuck up in work in process for longer time
  • Conduct physical counts with internal auditors and incorporate adjustments in inventory ledgers and GL after obtaining approval from Management
  • Ensure that all issuance of materials is recorded in system on monthly basis
  • Prepare inventory reports on monthly and year to date basis with comparative figures of prior periods
  • Calculate batch costing and identify variances
  • Prepare batch tracking report
  • Performed variance analysis, determining root cause of variances with 90% success.
  • Identified areas for cost improvement that resulted in 1 Millions PKR in annual cost savings.
  • Developed tools to manage and control inventory cost performance, increasing profitability.

Accounts Officer for Export Projects

Himont Group
Lahore, Pakistan
01.2011 - 06.2011
  • Coordination with sales & marketing team of Tashkent (Uzbekistan) and Afghanistan Projects
  • Collect Sales data for further analysis and comparisons with budgets for achievement of their sales by 100%
  • Export order Handling
  • Preparation of incentive of Expatriate
  • Book keeping of all expenses, salaries, adjustments, receipts and payments of Tashkent and Afghanistan projects
  • Coordination with Country Managers to support them from Head Office for fulfillment of their marketing strategies, objectives and goals

Accounts Officer for Customer Development Program

Himont Group
Lahore, Pakistan
04.2009 - 12.2010
  • Coordination with sales team for accumulation of 800 plus Medicos data to be registered with Customer development program
  • Support sales staff to achieve their targets
  • Input business information in accounting system for estimation of specialists motivating force
  • Calculation of Medicos Incentives
  • Proceed Doctor's payment with calculation of special incentives
  • Approval from administration for transferring of funds to customers
  • Monthly presentation for CEO and higher management to boost sales volumes and review strategies to achieve 100% volumes

Marketing and Research Analyst

Himont Group
Lahore, Pakistan
11.2008 - 03.2009
  • Collection of sales data to distributors and to retail stores approximately 5000 plus stores
  • Critical review of sales data , prepare analytical report for final assessment from CEO
  • Critical review and analyze performance of field managers according to projected sales and preparation of final report to CEO
  • Communication to relevant teams regarding discrepancies (if any) and getting them resolved immediately
  • Conducting Meetings with Production and Quality Control department for planned and streamlined operation of production and relevant department/sections

Payroll Officer

Himont Group
Lahore, Pakistan
09.2007 - 10.2008
  • Collecting employees data and payroll information
  • Entering data into payroll and administrative databases and software programs
  • Preparation of 4 Payrolls of around 365 employees, getting these payrolls audited by internal audit department, approved by executive management, getting local salaries transferred with banks, online transfer / dispatch of bank drafts of out-stationed employees
  • Maintaining accurate records of payroll documentation and transactions
  • Preparing and distributing income statements
  • Responding to payroll-related inquiries and resolving concerns
  • Performing account balance and payroll reconciliations
  • Preparing financial reports for accounting and auditing purposes
  • Preparing periodic payroll reports for review by management
  • Monthly expenses of all field force employees (approximately 300 employees) and review (monthly, quarterly and annually)
  • Disbursement of Leave Fare Assistance to all employees on time
  • Disbursement of advance of field force employees for petty expenses
  • Preparation and disbursement of final settlements of resigned employees
  • External audit of Provident Fund Trust
  • Calculation of Gratuity and its disbursement with final settlement
  • Prepares and files variety of local, state and federal forms including but not limited to tax forms, monthly, quarterly and year end filings
  • Prepared physical checks for employees and check stubs for those receiving direct deposits of funds
  • Managed expansive payroll files on new starters, leavers, holiday and statutory payments.
  • Liaised with HR to maintain compliance with regulations.
  • Managed payroll input, processes, submissions and audit for timely payment of 320 employees.
  • Issued paychecks and administered direct deposits to bank accounts.
  • Provided administrative support to accounting department.
  • Collaborated with HR department to streamline employee data.
  • Computed payable hours tax withholdings and deductions for employees.
  • Performed detailed payroll duties from input and audit, to processing and submission.
  • Responded to enquiries and provided information regarding payroll related matters.
  • Formulated and submitted monthly, quarterly and yearly reviews.
  • Collected and evaluated timesheets and managed electronic timekeeping systems.
  • Reconciled and balanced payroll accounts accurately to meet deadlines.
  • Managed employee records on database to maintain accuracy and updated information.
  • Applied best practices to comply with laws and regulations.
  • Evaluated discrepancies and rectified payroll errors.

Account Receivable Office

Himont Group
Lahore, Pakistan
02.2007 - 08.2007
  • Prepares, reviews and mails monthly customer statements
  • Posts 100% customers payments by recording cash, checks, and credit card transactions
  • Posts revenues by verifying and entering transactions
  • Updates receivables by totalling unpaid invoices
  • Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and customers
  • Resolves valid or authorized deductions by entering corrections to customer accounts
  • Resolves customer accounts by examining payment plans and payment history to determine if collection letters need

Education

MBA - Accounting And Finance

NCBA&E LCU Campus
Lahore, Punjab

B.Com - Commerce

The Islamia University of Bahawalpur
Bahawalpur, Punjab

ACCA (Part 2 Qualified) - Accounting And Finance

School of Accountancy
Lahore, Punjab
2010

Skills

  • SAP expertise
  • Budget analysis
  • Data trending knowledge
  • Financial modelling capability
  • Account reconciliation specialist
  • Cash Flow analysis
  • ERP (Enterprise Resource Planning) software
  • Operational improvements
  • Payroll and budgeting
  • Budget preparation
  • Profitability strategies
  • Safety and compliance
  • Presentations and public speaking
  • Stock management
  • Operational improvement
  • Risk management
  • Risk assessments
  • Goal development
  • Assets Management
  • Receivable Management
  • Payable Management
  • Payroll Management
  • Costing Management
  • Compliance Audit
  • Financial Audit
  • Strategic thinking
  • Accounting processes
  • Strategic networking
  • Business scaling
  • Project budgeting
  • Business planning

Languages

Urdu
Fluent
English
Advanced
Punjabi
Fluent
Saraiki
Fluent

Timeline

Managing Director

Al Qaswa Textile Private Limited
04.2021 - Current

Fixed Asset Accountant

Total Parco Pakistan Limited
09.2016 - 03.2021

Receivable Executive

Total Parco Pakistan Limited
02.2014 - 08.2016

Finance Executive

Pak Elektron Limited (PEL)
09.2012 - 01.2014

Assistant Manager Costing

Himont Group
06.2011 - 08.2012

Accounts Officer for Export Projects

Himont Group
01.2011 - 06.2011

Accounts Officer for Customer Development Program

Himont Group
04.2009 - 12.2010

Marketing and Research Analyst

Himont Group
11.2008 - 03.2009

Payroll Officer

Himont Group
09.2007 - 10.2008

Account Receivable Office

Himont Group
02.2007 - 08.2007

MBA - Accounting And Finance

NCBA&E LCU Campus

B.Com - Commerce

The Islamia University of Bahawalpur

ACCA (Part 2 Qualified) - Accounting And Finance

School of Accountancy

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Jahangir ASLAM