Promoted as Head of Internal Audit as on 08-JUL-2024

Cash Flow Management which includes managing cash flows for operational, investment and financing aspects and taking right decisionsDaily MIS Updating and taking right decisions accordingly under the advice from the CEO (Receivables & Payable Aging ERP based Control System)Designing and implementation of the Chart of Account in the newly installed softwareCompliance of various taxation matters including weekly depositing of withholding taxes and monthly sales tax returns fillingForecasting the Budgeted Accounts/Deals & comparing the Actual results with the budgeted results and taking corrective action in the light of variancesPreparation of the Financial Statements on monthly basisHeading the Accounts & Finance Team working under my controlCorporate matters updating the Form 10, Form 29 and other corporate matters as and when needed

Global Gums & Chemicals (Pvt) Ltd deals in Manufacturing of Split & Gum and is based in Karachi. The Company processes the Guar Seed and coverts it into split, a product used in Food and Industrial Companies as an important ingredient.Cash Flow Control: Currently controlling the Finance at Global Gums & Chemicals; Receivables and Payable ManagementCosting & Budgeting: Costing of the Products and Budgeting Control of the Group; preparing Cash Budgets, Sales Budget, Purchase Budget and Budgeting Financial StatementsAccounts & Finance: Representation of Monthly Financial Position to the top managementTaxation MattersBudget vs Actual Accounts AnalysisHeading Accounts, Finance and Treasury Teams.

Cash Flow Control: Receivables and Payable ManagementCosting & Budgeting: Costing of the Products and Budgeting Control of the Group; preparing Cash Budgets, Sales Budget, Purchase Budget and Budgeting Financial StatementsAccounts & Finance: Representation of Monthly Financial Position to the top managementTaxation MattersBudget vs Actual Accounts AnalysisHeading Accounts, Finance and Treasury Teams.

Monthly FinancialsCash ManagementCorporate MattersBudgeting & CostingTaxation MattersBudget vs Actual Accounts AnalysisHeading accounts, Fianance and Treasury Teams.

To Control the Costs by keeping the Cost Pools updated (Product wise Activity Based Costing) on Monthly basis (Just Reviewing & updating the Costs) and to prepare Projected Final Accounts based on the Annual Sales Forecast by the Sales & Marketing Department. (Report to the Finance Manager)To Prepare the Group Final Accounts on Monthly Basis and to compare the Actual Results to the Projected Accounts on Monthly Basis (Report to the Manager Finance)To Control and Check the Assignments of 10 Accountants working under my supervision and thereby I am Controlling both the Cash Department and the Accounts Department. The main task performed in these departments include the following;To Control the Taxation matters i.e. the Sales Tax & the Income Tax of the Group.To update various Prepaid and Outstanding Accounts (Provisions and Accruals) on Monthly Basis. (Report to the Manager Finance)To prepare & update the Leasing Schedules and Projected Markup on Running Finance for accurate vision of Final Accounts.To bifurcate to the Head Office Administrative Expenses into three Companies of the Group to keep the Administrative Cost accurate.To Prepare Inventory Valuation Summary for Bank Audit. To Prepare the Daily Cash Flow Statement & Daily Sales Report (Report to the CFO)

To Control the Taxation matters i.e. the Sales Tax & the Income Tax of the Group.To update various Prepaid and Outstanding Accounts (Provisions and Accruals) on Monthly Basis. (Report to the Manager Finance)To prepare & update the Leasing Schedules and Projected Markup on Running Finance for accurate vision of Final Accounts.To bifurcate to the Head Office Administrative Expenses into three Companies of the Group to keep the Administrative Cost accurate.To Prepare Inventory Valuation Summary for Bank Audit. To Prepare the Daily Cash Flow Statement & Daily Sales Report (Report to the CFO)