Abbas Zaidi Email & Phone Number

Karachi

Karachi, Pakistan

Responsible for monitoring regulatory compliance of stock brokers, conducting hearings with regard to inspection and audit reports, preparation and finalization of enforcement orders against non-compliant brokers. Moreover, supervising the process of investor complaints processing, disposing-off arbitration / appeal proceedings against brokers. Previously, Supervision of regulatory reporting by brokers, pertaining to capital adequacy and safeguarding of investors’ assets and ancillary matters.Critical tasks include coordination with other regulators and government agencies, including the SECP, NAB, FIA etc. providing them with requisite information or records. In addition, also extend essential support in suits instituted against the Exchange in connection with investor complaints along with references filed against any defaulted brokers in Accountability Courts.The experience has been instrumental in development of in depth understanding and virtual expertise of the national capital market structure, broker back office systems, the mechanisms of stock trading, along with the updated knowledge of the current market developments, and the relevant regulatory and governance framework currently in place.

Independently finalized numerous audit and assurance assignments, all the while reporting to the engagement partner; monitoring jobs from initial stages through to the conclusion of final deliverables to the client. Prepared extensive audit documentation, specified by the IAS, and integral and extensive support to engagement partners during quality control review of the firm result in maintenance of an overall satisfactory rating.Provided tailored tax planning services and advise to multiple high net worth individuals, including services like filing of income and sales tax returns, and attending hearings before tax authorities on clients’ behalf.

Karachi

Responsible for reporting to executives of Medical Lien Management, LLC, California, USA; the parent company, on specialized forms predetermined frequencies, tax planning and budgeting in accordance with group polices. Effectively managed the company treasury and liaising with banks and insurance companies.Some highlights of the experience include supervising the implementation of accounting and book-keeping applications, designing operational systems, accounts, management controls and reports systems; development of remuneration packages for senior management and severance packages for the entire workforce. Furthermore, identified gaps in controls and employed smart solutions in the company, resulting in communication and administrative costs being reduced by 30% and 18%.

Accountable to the CFO for overseeing and management of the company’s financial systems and budgets, organizing and maintaining accurate company accounting records, finalization of financial statements of the company and the group, and accurate and timely publishing of annual report. Moreover, also conducted periodic budget, tax planning, daily payment processing and validation of general ledger and facilitated internal and external auditors.Other responsibilities included analyzing financial data for preparing financial statements and accounting information and reports for senior managers and directors and proposing recommendations and Investigating and dealing with financial irregularities. Further, enabled cohesive financial, strategic, and operating plans, performed profitability forecast and analysis, highlighted the reason for inflating overhead costs and recommended remedial measures,

Karachi, Pakistan

Completed the ICAP mandated training at the firm; and as Audit Trainee conducted numerous audits and assurance assignments of companies, including KSE 100 listed concerns of various sectors including finance, service, retail, and manufacturing. Assigned as the lead for numerous audit; lead teams of up to 08 junior trainees and liaised with clients’ senior management on various issues. Responsibilities ranged from organizing the controls / substantive testing and preparation of financial statements according to the IFRS, through to discussing final report with both partner and clients and finalization of the deliverables.Consistently delivered assignments within critical deadlines; consequently, retained as Audit Supervisor at the firm following completion of training, and served in close coordination with engagement partners for two more years.

Chartered Accountant, Accounting And Related Services

Bachelor Of Commerce (B.Com.), Accounting And Finance, B

Activities and Societies: Event organizer, reading club, documentary filmmaking

Intermediate, Business/Commerce, General

Activities and Societies: Event organizer, Debate teams and Positive involvement in Politics

Certified Internal Controls Auditor, Auditing

Internal controls design and review