Muhammad Majid
LAHORE,Pakistan
Summary
Progressive, intelligent and analytical with top-notch business acumen and strategic planning skills. Skilled in [Industry] businesses, market trends and customer preferences. Instrumental in helping companies remain responsive and proactive in dynamic conditions.
Overview
23
23
years of professional experience
Work History
Business Consultant Finance & Operations
Barack & Co
LAHORE, PK
01.2019 - Current
- Consulted with business customers and presented payment card solutions to help businesses streamline expense management and optimize cash flow.
- Conducted strengths, weakness, opportunities and threats (SWOT) analyses to develop strategic plans for corporate level and business units.
- Assisted ownership in business exit strategies for business transition and new business acquisition.
- Facilitated and managed business development plan based on market and industry research.
- Managed business operations, warehouse inventory and price negotiations.
- Assisted in raising capital for new projects.
- Created financial projections based on market research data and industry trends.
- Coached employees on best practices in order to improve their job performance.
- Assessed current systems for effectiveness in meeting organizational goals.
- Analyzed financial records, including income statements and balance sheets, to assess performance of businesses.
- Explored potential partnerships between companies as a way of expanding marketshare.
- Conducted surveys of customer satisfaction to identify areas of improvement.
- Developed operational plans that included budgeting, forecasting, and resource allocation.
- Developed and presented business plans for clients to assist in the decision-making process.
- Recommended cost-cutting measures without sacrificing quality or service levels.
- Identified opportunities for business growth through new products or services.
- Coordinated cross-functional teams to achieve project goals.
- Managed financial budgets, reporting, and forecasting activities.
- Ensured regulatory compliance across all business functions.
- Managed resource allocation to maximize team productivity.
- Audited company's legal documents to verify compliant policies and procedures.
- Collaborated with stakeholders on strategic planning initiatives.
- Identified needs of customers promptly and efficiently.
- Established effective communication channels among departments.
- Displayed strong telephone etiquette, effectively handling difficult calls.
Finance Associate Shared Services
Coca Cola Beverages Pakistan Ltd
LAHORE, PK
06.2008 - 01.2019
- Educated clients on financial vehicles, market conditions, and trends to facilitate decisions.
- Built trust and rapport with clients to facilitate long-term, loyal relationships.
- Partnered with [Job title] to determine business priorities and implement financial strategy.
- Leveraged financial analysis from models to support strategic decision-making.
- Reviewed contracts prior to signing to ensure compliance with company policies.
- Utilized various software applications such as Microsoft Excel to create spreadsheets for tracking information and preparing reports.
- Maintained accurate records of all transactions related to accounts receivable and payable activities.
- Analyzed current procedures and developed process improvements initiatives that increased efficiency within the department.
- Prepared detailed reports analyzing financial performance, trends, and variances.
- Analyzed data from multiple sources to assess business operations and develop recommendations for improvement.
- Performed variance analysis on budgeted vs. actual expenses, compared results against industry standards, and developed cost reduction strategies.
- Identified opportunities for process improvements that could reduce costs or improve efficiency.
- Reconciled bank accounts daily by verifying deposits, withdrawals, and transfers, ensuring accuracy of account balances.
- Assisted with year-end audit processes by providing requested documents to auditors in a timely manner.
- Assisted in the preparation of budgets for various departments.
- Monitored credit risk exposure by evaluating customer payment history and recommending appropriate action when necessary.
- Managed daily cash flow activities including monitoring incoming payments and disbursing funds as required.
- Participated in monthly forecasting meetings with senior management team members to discuss budget versus actuals results as well as future projections.
- Reviewed and analyzed financial statements to identify discrepancies and recommend corrective actions.
- Conducted periodic reviews of internal controls to ensure compliance with accounting principles and regulations.
- Greeted customers, answered account questions and resolved complaints.
- Coded invoices to maintain organized and accurate records.
- Assisted managers with additional duties during employee absences.
- Established key relationships with peers throughout company to improve workflows and reduce communication bottlenecks.
- Assessed data and information to check entries, calculations and billing codes for accuracy.
- Applied mathematical skills to calculate totals, check figures, and correct problems with physical and digital files.
- Prepared monthly and year-end closing statements, financial documents, and invoices.
- Created various documents and handled correspondence and memos to assist supervisor.
- Prepared weekly payroll for team of salaried and hourly employees.
- Reviewed existing processes to identify areas for improvement or cost savings opportunities.
- Prepared invoices for customers and suppliers.
- Monitored debtors' accounts to ensure timely payment of outstanding invoices.
- Researched new products or services that could potentially benefit the company financially.
- Entered data into accounting software packages accurately and efficiently.
- Assisted in preparing tax returns for submission to HMRC.
- Assisted in the preparation of financial statements and reports, including monthly and annual accounts.
- Maintained a record of all financial transactions, ensuring accuracy and completeness.
- Performed ad hoc tasks related to finance operations as requested by senior managers.
- Reconciled bank statements on a regular basis.
- Liaised with auditors during year-end audits, providing supporting documentation when necessary.
- Managed customer complaints regarding billing errors or discrepancies.
- Evaluated the effectiveness of cost control measures and procedures.
- Facilitated staff training on best practices in finance management techniques.
- Reviewed financial statements, tax documents, and other records for accuracy.
- Collaborated with cross-functional teams on financial projects and initiatives.
- Streamlined financial processes to improve efficiency and accuracy.
Senior Finance Officer
Makro Habib (Pvt) Ltd
LAHORE, PK
10.2006 - 06.2008
- Reviewed accounts payable, receivable processes to improve accuracy and timeliness of payments, collections.
- Created various forecasting models for future cash flow projections.
- Monitored investments and made recommendations based on market conditions.
- Coordinated the implementation of new accounting software systems within the organization.
- Analyzed financial data and generated detailed reports for senior management team.
- Ensured timely completion of all required filings such as sales tax returns, property taxes.
- Participated in meetings with external auditors during yearly audit process.
- Assisted with budget preparation by providing input on projected revenues and expenditures.
- Conducted regular audits of internal accounting procedures to identify potential issues or discrepancies in financial information.
- Managed payroll activities including employee compensation plans, benefits deductions.
- Performed variance analysis on actual versus budgeted results to identify trends or variances requiring further investigation.
- Developed strategies for improving operational efficiencies while maintaining profitability goals.
- Developed and maintained accurate financial records for the organization.
- Collaborated with other departments to analyze business performance metrics and develop actionable insights.
- Negotiated terms of vendor contracts to secure favorable pricing structures.
- Prepared monthly, quarterly, and annual reports to ensure compliance with statutory requirements.
- Prepared accounts and conducted audits according to regulatory requirements.
- Guided internal audits, risk assessments and compliance monitoring.
- Managed company-wide budgets, payroll, accounting and other financial operations.
- Created and implemented best practices to standardize internal processes and procedures.
- Developed plans to standardize and facilitate organizational asset management.
- Sourced, installed and implemented new accounting systems to streamline operations.
- Oversaw requisition and procurement processes to guide purchasing decisions.
- Oversaw cash flow management activities including accounts receivable and payable processing, payroll administration and banking functions.
- Conducted regular financial reviews of operations to identify areas for improvement in terms of cost savings or process improvements.
- Prepared detailed reports for executive leadership regarding key performance indicators such as sales growth or expense ratios.
- Ensured compliance with federal, state and local laws regarding taxation and reporting requirements.
- Analyzed business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses.
- Collaborated with IT department on implementation of software solutions that streamline financial processes.
- Managed overall operations, budgeting, and resource allocation.
- Built strong relationships with stakeholders to ensure support.
Senior Accountant
Beacon House National University
LAHORE, PK
10.2005 - 11.2006
- Managed daily closing, reporting and reconciliation functions.
- Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
- Performed general ledger account reconciliations and generated updated financial documents.
- Managed financial operations, month-end reporting, financial schedules and reconciliations.
- Completed month-end and year-end close procedures and reconciled bank accounts.
- Collaborated with Controller and external auditors to conduct year-end close process.
- Managed accounting department staff members and workload.
- Reviewed and reconciled discrepancies in accounts and financial documentation.
- Analyzed files and accounts for discrepancies and resolved variances.
- Monitored and tracked expenses to keep business on track with financial targets.
- Supported budget administration with detailed expense analyses and report reviews.
- Coordinated with other departments on various accounting activities such as month-end close process or budget preparation.
- Monitored cash flow, budgeting, forecasting and variance analysis.
- Maintained detailed records of account transactions, including invoices, payments, and journal entries.
- Reconciled bank statements to general ledgers on a monthly basis.
- Prepared monthly financial reports for management review.
- Monitored accounts payable activity to ensure accuracy and timeliness of payment processing.
- Trained staff members on proper use of accounting software applications.
- Maintained up-to-date knowledge of relevant accounting standards and regulations.
- Provided support to internal and external auditors during the annual audit process.
- Analyzed general ledger accounts for accuracy and completeness on a regular basis.
- Developed strategies to improve accounting systems and processes.
- Assisted in preparing tax returns for filing with government authorities.
- Assisted in developing annual budgets and forecasts.
- Liaised with auditors to complete annual audits and maintain compliance with local, state and federal requirements.
- Reconciled general ledger accounts for accuracy and completeness.
- Gathered banking transactions via statements, recorded activity in Excel format and reconciled balances.
- Managed accounts payable and receivable functions efficiently.
- Supported month-end closing activities including journal entries.
- Provided guidance on the implementation of new accounting software.
- Managed and trained team members to enhance audit department performance and increase operational efficiency.
- Trained junior accountants on accounting policies and procedures.
- Updated and managed accounts payable databases, employing access controls to protect data.
- Prepared tax returns and ensured timely filing.
Senior Internal & External Auditor
Nasir & Company (Chartered Accountant)
LAHORE, PK
04.2001 - 10.2005
- Met with business leaders and owners to discuss audits and findings.
- Assessed potential risks, evaluated controls and conducted compliance testing.
- Devised and initiated corrective strategies to improve compliance.
- Appraised adequacy of internal control systems by completing audit questionnaires.
- Administered internal auditing programs through use of data analytics software.
- Prepared budgets, developed reports and coordinated with management to identify risks.
- Performed information system audits to manage internal controls and assess risks.
- Facilitated successful internal and external audits through sound and thorough documentation.
- Prepared detailed reports outlining audit results and communicated them to clients in a timely manner.
- Identified potential areas of risk exposure through comprehensive analysis of business operations.
- Reviewed financial statements, identified discrepancies and made appropriate adjustments.
- Lead teams during fieldwork engagements at client sites, ensuring completion within established timelines.
- Evaluated the adequacy of internal controls over financial reporting systems.
- Managed multiple concurrent engagements while adhering to professional standards.
- Provided training on accounting principles, auditing standards and best practices to staff members as needed.
- Conducted interviews of accounting personnel to understand internal processes and procedures.
- Collaborated with senior management on special projects that may involve fraud investigation or litigation support services.
- Performed post-audit follow-up activities including review of management's responses to audit findings.
- Documented audit findings, provided recommendations for process improvements and monitored implementation of corrective action plans.
- Prepared and analyzed financial statements for accurate reporting.
- Analyzed balance sheets for mistakes and inaccuracies.
- Performed audits of operational and financial areas to check compliance.
- Collaborated with external partners to complete audits.
- Reconciled general ledger accounts for accuracy and completeness.
- Oversaw full accounting cycle and prepared applicable financial statements.
- Conducted internal audits to ensure compliance with regulations.
Education
CIA (Level II) - Accounting, Business, Auditing
Certified Internal Audit (CIA)
Lahore 05-2024
CMA-Operational & Practical Levels - Accounting, Business, Auditing, Mangement Accounting
Institute of Cost & Mangement Accountant
Lahore 07-2001
Bachelor of Accountancy - Accounting, Business, Auditing
University of Punjab
Lahore 06-2001
Skills
- Cost Reduction
- Staff Mentoring
- Business Analysis
- Planning and execution
- Customer Service Management
- Quality assurance and control
- Strategic development
- Stakeholder Relations
- Strategic Planning
- Process Improvement
- Revenue Generation
- Report Preparation
- Project Management
- Solution Implementation
- Continuous Improvement
- Presentation Skills
Languages
English
Upper Intermediate
B2
Urdu
Beginner
A1
Timeline
Business Consultant Finance & Operations
Barack & Co
01.2019 - Current
Finance Associate Shared Services
Coca Cola Beverages Pakistan Ltd
06.2008 - 01.2019
Senior Finance Officer
Makro Habib (Pvt) Ltd
10.2006 - 06.2008
Senior Accountant
Beacon House National University
10.2005 - 11.2006
Senior Internal & External Auditor
Nasir & Company (Chartered Accountant)
04.2001 - 10.2005
CIA (Level II) - Accounting, Business, Auditing
Certified Internal Audit (CIA)
CMA-Operational & Practical Levels - Accounting, Business, Auditing, Mangement Accounting
Institute of Cost & Mangement Accountant
Bachelor of Accountancy - Accounting, Business, Auditing
University of Punjab