Muhammad Ali
Internal Audit
Lahore
Summary
Seeking a challenging & rewarding position in an organization, that could utilize my capabilities for the best interest of the organization and grooming my career.
Overview
16
16
years of professional experience
1
1
Language
Work History
Senior Executive Officer
Outfitters Private Limited
06.2024 - Current
- Experienced Senior Executive Officer – Internal Audit with strong expertise in retail auditing, inventory control, financial analysis, and compliance. Skilled in conducting risk-based audits, identifying system inefficiencies, and ensuring accurate financial reporting across more than 100 retail outlets nationwide. Proficient in Microsoft Dynamics AX & D365, internal controls, and inventory management processes. Known for maintaining confidentiality, delivering detailed audit reports, and supporting management with actionable insights.
- Facilitated employee training programs designed to enhance skill sets and boost overall productivity levels.
- Streamlined communication channels between departments for improved collaboration and decision-making efficiency.
Internal Audit Officer
Outfitters Pvt Ltd.
01.2015 - 05.2024
- Conduct monthly inventory and accounts audits at retail outlets to ensure accuracy and compliance with company policies.
- Perform detailed retail audits to verify sales, stock movements, and accounting data.
- Safeguard organizational information by maintaining strict confidentiality.
- Carry out system and financial audits to identify discrepancies, inefficiencies, and control gaps.
- Prepare, document, and present audit reports related to retail inventory, accounts, and operational processes.
- Develop annual retail audit plans based on risk assessments in consultation with senior management.
- Coordinate with the IT team to ensure the accuracy of system reports and updates in Microsoft Dynamics AX & D365.
- Develop, enhance, and implement internal controls and SOPs for the inventory department.
- Maintain and update inventory files for approximately 100 retail stores nationwide.
- Assist with month-end closing activities, including reconciliation of cash, expenses, and inventory.
- Analyze retail accounts monthly and prepare detailed reconciliations for management review.
- Conduct internal audits across multiple factory departments to ensure compliance and operational efficiency.
- Review and verify reports and documentation prepared by the Accounts Department.
- Monitor company expenses and evaluate accounts receivable, accounts payable, and bank reconciliation statements.
- Prepare financial insights and submit reports to management regarding company finances.
- Support taxation-related processes and ensure compliance with applicable regulations.
- Develop and maintain financial databases and perform balance sheet reconciliations.
- Review and validate production records to ensure accuracy and efficiency within factory operations.
Internal Auditor
RIAZ AHMAD & CO CHARTERED ACCOUNTANTS.
01.2014 - 11.2014
- As an Internal Auditor.
- To physically verify all the divisions store purchase items according to DC and IGP.
- To post and update all verified items detail in Excel sheet
- To check the store indent in Oracle and intimate to user by email
- Generate the SRVs of verified items in Oracle after inspection by user.
- Update the report of rejected, inspection pending, missing documents, direct received without verification items to higher management on weekly basis.
- Supervising and periodical physical stock verification in the stores.
- Prepare the OGP of rejected items on demand of purchase officer
- Prepare the final report at the end of each month and discuss with higher management for the purpose to control hedging risk
- Member Firm: NEXIA INTERNATIONAL
- Industry: Accountancy & Audit Firm.
- Identified and reported audit issues.
- Documented recommendations to improve internal controls.
- Produced audit reports.
Accountant
Anmol Paper Mills (Pvt) Ltd
01.2010 - 01.2011
- Assist in preparation of Financial Statements.
- Prepares Daily Funds Position.
- Prepares Monthly Bank Reconciliation Statements
- Prepares Reconciliation and Movement of Accounts Receivables & Accounts Payables.
- Data Entry of all kind of vouchers and Managing Ledgers.
- Industry: Manufacturing and Recycling of paper
Education
ACCA Association of Chartered Certified Accountant - Accounting And Finance
CFE/Acute Business College
Lahore, Punjab, Pakistan 04.2001 -
Bachelor of Commerce (B.COM) - Accounting And Finance
Punjab University Lahore
Lahore01.2009
Intermediate in Commerce (I.COM) - Accounting And Finance
B.I.S.E.
Lahore01.2007
Matric Computer Science (CS) - Physics, Chemistry, And Computer Science
B.I.S.E.
Lahore01.2005
Skills
Timeline
Senior Executive Officer
Outfitters Private Limited
06.2024 - Current
Internal Audit Officer
Outfitters Pvt Ltd.
01.2015 - 05.2024
Internal Auditor
RIAZ AHMAD & CO CHARTERED ACCOUNTANTS.
01.2014 - 11.2014
Accountant
Anmol Paper Mills (Pvt) Ltd
01.2010 - 01.2011
ACCA Association of Chartered Certified Accountant - Accounting And Finance
CFE/Acute Business College
04.2001 -
Bachelor of Commerce (B.COM) - Accounting And Finance
Punjab University Lahore
Intermediate in Commerce (I.COM) - Accounting And Finance
B.I.S.E.
Matric Computer Science (CS) - Physics, Chemistry, And Computer Science
B.I.S.E.
E-commerce
E-commerce trading via websites and social media platforms.
References
Will be provided on demand