Summary
Overview
Work History
Education
Skills
Timeline
Generic

Muhammad Jibran Maqsood

Manager Finance
Karachi

Summary

I am working as a Finance Manager at HBL Asset Management Limited. Collectively I have working experience of 13 years in the field of Finance, Compliance, Internal Audit and Risk Management. I'm primarily responsible for all aspects of day-to-day accounting, Budget preparation, Budget forecasting, Financial Reporting, Financial planning and Financial Management.

I have a very good understanding about SAP Analytics Cloud for Planning PS budgeting, Business Intelligence and stories. I have a fair knowledge of the SAP FI, MM, PP, QM, SD, DMS, IM and its Integration. Good working knowledge in finalizing Organization Structure & development of reports using SAP Quick viewer. Liaising with business / client or vendors understand the requirement till resolution.


Previously as a compliance officer and internal audit officer, I was usually assigned to work at two levels i.e. Level one as a compliance officer I have to ensure compliance with external rules and regulations that are imposed upon an organization as a whole and to ensure compliance with internal system of control that are imposed to achieve compliance with the external imposed rules.


Level two as an Internal Audit officer I have to report directly to the Audit Committee by conducting Internal Control evaluation, governance processes and risk assessment to identify loopholes and areas requiring management intervention to prevent frauds, embezzlement, misappropriations, misuse, wastage and ensuring that objectives of the organization are achieved economically, efficiently and effectively.

Overview

14
14
years of professional experience
11
11
years of post-secondary education

Work History

Manager Finance and Team Lead

HBL Asset Management Company
Karachi
10.2016 - Current
  • Work closely with the management for the implementations of financial requirements
  • Prepare the financial and accounting policies, and to get in-time approval from the management for implementation
  • Look after overall financial matters to ensure the smooth and effective running of finance department
  • To prepare memos for approval from the management
  • Preparation of financial statements for quarterly and annually financial audit
  • Review financial accounts i.e., Balance sheet, and Profit and loss statement on monthly basis
  • Check and verify monthly salaries and ensure that salaries and allowances are paid as per staff’s contract and authorities’ approval
  • Preparation of the budget
  • Make sure that sufficient cash is available to meet day-to-day requirements of different departments
  • Arrangement of quarterly and annual audit of the financial account
  • Filling of quarterly Tax Returns and assist in Audit of tax function by tax authorities
  • Ensure compliance with all statutory, regulatory, and best practice accounting standards and requirements
  • Financial Modelling, Financial management and financial monitoring to ensure financial accuracy
  • Large cash transfers and liaising with Fund Managers to provide reminders and updates, as and when required
  • Take prompt and accurate action to resolve any issues
  • Review and preparation of financial reports, enabling management to make informed choices based on accurate and timely information
  • Participate in the presentation of those reports to senior leadership team
  • Monitor financial performance against key performance indicators and compliance indicators
  • Coordinate finance audit responses and run regular self-audits;
  • Flexible, resilient, decisive, and calm under pressure
  • Proven ability to rapidly re-prioritise work depending upon the situation
  • Ability to understand competing priorities and make judgement calls on when to use own initiative to deal directly with issues and when to consult before taking decisions
  • Lead the finance team, review of Financial Reports and other reports prepared by team members, Effective Team Management and Leadership skill to drive results with in deadlines
  • Training and development of staff as and when required by the department
  • Prepare new Financial Models for accuracy and time saving and better presentations time to time
  • Liquidity management and Cash Management for financial activities and arrangement of cash for various payments and investments in capital and money market instruments.

Finance Officer

PICIC Asset Management Limited
Karachi
01.2015 - 09.2016
  • Primarily responsible for all operations of day-to-day accounting of income, expenses, assets and liabilities reports for ten or more assigned open end and closed end mutual funds
  • Prepare timely and accurate Financial Statements i.e
  • Net Assets Values, yields, distributions, and other fund accounting output for subsequent review on daily, monthly, quarterly and annual basis
  • Record accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries
  • Reviewing bank reconciliations prepared by team members, and promptly researching and correcting any variances
  • Preparation of cash position of various banks, communicating expected future inflow / Outflow of investments, maintaining cash for various payments, i.e
  • Fees, withholding tax and redemption payments
  • Filling of Monthly withholding tax return, Sindh Sale Tax Return and SECP monthly return
  • Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution
  • Prepare Fund Realization Report for sales realization.

Internal Audit and Compliance Officer

PICIC Asset Management Company
Karachi
03.2011 - 01.2015
  • Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
  • Increased customer satisfaction by resolving issues.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.
  • Ensure compliance with external rules and regulations that are imposed upon an organization as a whole and to ensure compliance with internal system of control that are imposed to achieve compliance with the external imposed rules.
  • To report directly to the Audit Committee by conducting Internal Control evaluation, governance processes and risk assessment to identify loopholes and areas requiring management intervention to prevent frauds, embezzlement, misappropriations, misuse, wastage and ensuring that objectives of the organization are achieved economically, efficiently and effectively as Internal Audit.

Risk Management and Compliance Officer

PICIC Asset Management Limited
Karachi
06.2010 - 02.2011
  • Prepare Exposure Reports of Open End Funds and Close End Funds and check out exposure limits;
  • Prepare Fund Manager Performance Report for Close End and Open End Funds;
  • Review of Daily Deal Reports and FMS Reports;
  • Maintain History of all Peers of Open Ended Funds with Dividend Adjusted NAV’s;
  • Prepare Downside Risk Report and Peers Analysis for Open Ended Fund;
  • Calculate Interest Rate Sensitivity Analysis and Stress testing;
  • Price Trigger Model for Close End Funds and Update various Risk models;
  • Prepare new models for department which aids in decision making and industry analysis;, PICIC Asset Management Company Internship (Risk Management, Preparation/ Updating of exposure of Fixed Income and Money Market Funds circulate it to concerned department, monitoring regulatory limits of Fixed Income and Money Market Fund Funds report exceptions (If any)
  • Reviewing daily Account Opening, Investment, Redemption, Transfer form and etc
  • Forms for Individual Clients and Institutional Clients
  • Fill out required document checklist and mark discrepancies regarding missing documents and Email discrepancies to CCU for Ensuring Compliance
  • Daily Checking of Liquidity Position of Close End Funds by verifying bank balances with daily inflow/ outflow of deals executed in Close End Funds it.

Accountant

Istar Teknix
Karachi
07.2009 - 06.2010
  • Record the funds spent and received daily by company
  • Prepare Invoice, Bills and Vouchers
  • Posting and Prepare Journal Statement, T – Balance and Ledgers Summary
  • Prepare Account Payable and Receivable and Detailed Ledgers
  • Prepare Balance Sheet, Income Statement and Cash Flow

Intern Trainee

United Bank Limited
Karachi
06.2008 - 08.2008
  • Complain Management and resolution of Cash Retraction Cases;
  • Coordination with member branches and with other banks;
  • Resolution of Capture Cases;
  • Overseeing the ATM network and provide support for ATM network;

Education

MBA - Finance

Bahria University
Islamabad
09.2007 - 09.2009

Bachelor of Science - Electronic Engineer

Sir Syed University of Engineering And Technology
Karachi
01.2003 - 03.2007

Inter - Engineering (Pre-Engineering)

S. M Government Science College
Karachi
01.2000 - 01.2002

SSC - Computer Science

National High School
Karachi
01.1998 - 01.2000

SAP S4HANA - FI - IT

SAP
Germany
07.2022 - 01.2023

Diploma - IFRS - International Financial Reporting Standard

The Institute of Cost And Management Accountants
Karachi
11.2018 - 08.2019

ICMA Pakistan Certificate Courses Treasury and Fund Management (Grip on Foreign Exchange FE Manual) - undefined

Skills

SAP FIundefined

Timeline

SAP S4HANA - FI - IT

SAP
07.2022 - 01.2023

Diploma - IFRS - International Financial Reporting Standard

The Institute of Cost And Management Accountants
11.2018 - 08.2019

Manager Finance and Team Lead

HBL Asset Management Company
10.2016 - Current

Finance Officer

PICIC Asset Management Limited
01.2015 - 09.2016

Internal Audit and Compliance Officer

PICIC Asset Management Company
03.2011 - 01.2015

Risk Management and Compliance Officer

PICIC Asset Management Limited
06.2010 - 02.2011

Accountant

Istar Teknix
07.2009 - 06.2010

Intern Trainee

United Bank Limited
06.2008 - 08.2008

MBA - Finance

Bahria University
09.2007 - 09.2009

Bachelor of Science - Electronic Engineer

Sir Syed University of Engineering And Technology
01.2003 - 03.2007

Inter - Engineering (Pre-Engineering)

S. M Government Science College
01.2000 - 01.2002

SSC - Computer Science

National High School
01.1998 - 01.2000

ICMA Pakistan Certificate Courses Treasury and Fund Management (Grip on Foreign Exchange FE Manual) - undefined

Muhammad Jibran MaqsoodManager Finance