Muhammad Faizan Ali

Muhammad Faizan Ali Email and Phone Number

Head of Treasury and Decentral Ops @ Imtiaz
Karachi, PK
Muhammad Faizan Ali's Location
Karāchi, Sindh, Pakistan, Pakistan
About Muhammad Faizan Ali

I am a seasoned finance professional with over a decade of experience in finance, compliance and internal controls. My career highlights include implementing and transforming internal controls, leading teams, developing and ensuring compliance with policies and procedures, carrying out finance business partner roles, evaluating overall risk management, and introducing efficiencies in financial reporting and budgeting.As Head of Decentral Finance (Compliance Section) at Burque Corporation (Pvt.) Limited, I am responsible for ensuring the effectiveness of internal controls and compliance with policies and procedures. I work closely with senior management to develop policies, standard operating procedures, and provide assurance regarding the effectiveness of controls. Additionally, I carry out the finance business partner role to commercial within defined SOP and procedures while evaluating overall risk management in due course of business.Prior to my current role, I served as the Manager Finance (Group) at Imtiaz, where I managed a team of over 60 resources of finance, including reporting, inventory, decentral finance, internal controls, and payroll. I also carried out stock audits for the first time in the history of ISM for branches, identified and developed efficiencies and effectiveness in financial reporting, and budgeting.During my tenure as Manager Finance (Trade Payable/Credit Control) at Burque Corporation (Pvt.) Limited, I led four departments over five years, including trade payable, credit control, claims section, and trade offer section, with a total strength of 20+ resources. Additionally, I introduced the receivable function and a weekly reporting pack for CFO & CEO for better visibility on all credit aspects.Before my role at Burque Corporation (Pvt.) Limited, I served as Assistant Manager Finance at Bulls Eye Communication (Pvt.) Limited, where I prepared the final accounts and submitted them for review to senior management, prepared the payroll of Head Office and Regional Office employees with a total strength of 100+, and supervised receivable and payable management for 25+ business partners, including Unilever and Engro Foods.I began my career as an Audit Trainee at Tanzeem & Co, where I performed operational and financial audits to ensure that financial statements were fairly presented in accordance with IAS. I also performed tests of internal controls to ensure effectiveness, prepared reports, commentaries, and financial statements.

Muhammad Faizan Ali's Current Company Details
Imtiaz

Imtiaz

View
Head of Treasury and Decentral Ops
Karachi, PK
Employees:
5091
Muhammad Faizan Ali Work Experience Details
  • Imtiaz
    Head Of Treasury And Decentral Ops
    Imtiaz
    Karachi, Pk
  • Burque
    Head Of Finance Operations
    Burque Jun 2023 - Present
    Karāchi, Sindh, Pakistan
    • Transformed internal controls and assisted management in development of policies and standard operating procedures• Provided assurance to C-Level Management regarding effectiveness of controls and compliance with policies and procedures• Sale Office wise P&L and its review with C-Level Management• Heading Trade Payable and corporate receivable managing 16 businesses.• Review of feasibilities for new principals which aid higher management for decision making
  • Burque
    Head Of Decenteral Finance
    Burque Sep 2022 - Present
    Pakistan
  • Imtiaz
    Group Finance Manager
    Imtiaz Nov 2020 - Sep 2022
    Karāchi, Sindh, Pakistan
    • Preparation of overall profit and loss, balance sheet and working capital requirement on monthly, quarterly and annual basis• Leading inventory department of 52000 plus SKU portfolio. • Ensure the compliance with the SOPs issued by the head office on the payment mechanism.• To bring cost saving in the usage of utilities like Diesel/ Electricity at most optimum level through daily fuel monitoring• Keep tacking the repair and maintenance expense within the approved OPEX and identify / investigate the adverse variance and report to the concerned department for timely corrective measures• Ensure Three Way’s matching SOP implementation and its ongoing compliance. • Leading Fixed Asset plus ensure correct and complete recording in SAP for continued and upcoming projects.• Ensure timely posting of the inventory transfers in SAP and follow ups on Damages / Wastages• Monthly report on the budgeted sales target Vs Actual targets achieved• Continually reviewing and enhancing financial presentation of reporting based on management’s requirements and business operational requirements• OPEX is consistently monitored on consolidated basis having precise breakup• Heading Payroll of 11500+ employees and its related arrangements.
  • Burque Corporation Private Limited
    Account Manager
    Burque Corporation Private Limited Apr 2019 - Nov 2020
    Head Office Karachi
    • Maintaining master data of all SKUs principal wise and their invoice prices and TP rates with carton and pieces configuration (Reporting and analysis) share last files for reference.• Branch wise general v/s subsidiary ledgers reconciliation (Controlling and Operations) share last files for highlighted difference.• Quantitative and value wise stock reconciliation (Opening + Purchases – Sales +- other movement = Closing stock) (Controlling and Operations) share last files for reference.• Ensure correct weighted average rates are running in system (Controlling and Operations) Pl align current resource to give me some idea.• Ensure reconciliation of invoicing v/s GRN received in system (knocking of AP accrual account code) involved coordination with AP & IT team (Controlling and Operations).• Ensure correct purchase orders are being generated into system and if not, correct variances are being posted and reporting of the same to avoid it in future after coordination with sales admin dept. (Controlling and Operations) Pl align current resource to give me some idea.• Ensure timely making of Goods deletion Note (GDN) for all stocks already uplifted at branches after coordination with supply chain and claims has been raised by claim section (Controlling and Operations).• To ensure timely recording of inter-branch transfers (and reporting of same to supply chain in case it is not timely recorded) (Controlling and Operations).• To ensure complete coordination with statutory auditors for all closing stock verification procedures and provision of reports incl. purchase registers (Audits and visits).• Ensure timely upload of approved price lists into the system.• Ensure correct margin is reflected in CSR based on margins inputted in system SKU wise Pricing (TP and invoicing).
  • Burque Corporation Private Limited
    Accounts Receivable Manager
    Burque Corporation Private Limited Apr 2017 - Apr 2019
    Head Office Karachi
    Overview: Managing a team of 10 Finance personnel while working on Oracle ERP. Main functions are Credit Management, Sales Accounting, Scheme implementation and GL reconciliation etc and other tasks includes belowSetup and managing receivable department include monitoring of Trade receivable , claims from principal, shortages from employee and other receivable.Supervise bounce cheque management, reconciliation and report any SOP violation.Conduct credit checks on all customers, establish and manage limits for customers & businessLeading Pricing module/Trade OffersMonitoring & reporting of daily cash sales positionMonitor and report on deviations from credit standardsReporting of credit aging and working capital position to CFO, COO & CEO
  • Burque Corporation Private Limited
    Assistant Finance Manager
    Burque Corporation Private Limited Jun 2015 - Dec 2016
    Karachi
    Worked as AM finance exclusively on ERP Implementation of AR & OM module (Oracle R12) . Also awarded by Functional Team Lead Award for successfully implemented Oracle R-12 within the prescribed time limit.Plus I have been a part of functional team to representative finance for implementation of Business Intelligence Module.Other responsibilities include below but not limited to• Creation of new methods along with new accounting combinations in Oracle.• Propose and post adjusting entries after various reconciliations.• Manage and guide branch accountants and other peers about Oracle and its functionality.• To work with different departments to ensure proper and smooth finance operations.• Reconcile and review different kinds of GL accounts and transactions.• Posting Debit and Credit Memos to manage Payable and Receivables.• To work with IT consultants for any improvements, revision and rectification of developed reports in Oracle.• Involve in describe objective of new report and it mapping from system.• Posting of rectifying entries from head office for any error made at branch level.• Review and verify master data both Pre and Post implementation.• Manage and review parallel running process and resolve any issue if arise.• Reconcile any difference in GL due to user error and report it to directly CFO with solution.
  • Maya Associates
    Accounting Supervisor
    Maya Associates Apr 2015 - Jun 2015
    Responsible for • Supervised accounting cycle.• Oversees calculating, posting, verifying, and typing duties to obtain and record financial data for use in maintaining accounting and statistical records.• Lead most day to day operations of group.• Familiar with a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals.• Performed a variety of tasks. Leads and directs the work of others.• Preparation of F.S for clients at large number.• Preparation of Sales tax return and other various forms..
  • Bulls Eye Communications
    Assistant Manager Finance & Taxation
    Bulls Eye Communications May 2014 - Apr 2015
    Karachi
    Responsibilities• Supervision of Accounting transactions• Supervised Receivable management• Supervised Payable management• Supervised voucher management• Advance tax filling, making challans• Sales tax filling • Assist external auditors about company policies & other matters.• Advise and implement adequate controls • Bank reconciliation of all banks
  • Tanzeem & Company
    Audit Officer
    Tanzeem & Company Mar 2013 - Apr 2014
    Karachi Pakistan
    Main responsibility was to carry out audit procedures for clients which includesVerifies assets and liabilities by comparing items to documentation.Completes audit working papers by documenting audit tests and findings.Appraises adequacy of internal control systems by completing audit questionnaires.Maintains internal control systems by updating audit programs and questionnaires; recommending new policies and procedures.Communicates audit findings by preparing a final report; discussing findings with supervisor.Contributes to team effort by accomplishing related results as needed.Client Portfolio- Health And Nutrition Development Society (HANDS).- Haque Academy.- Ghazi Shipping (Pvt) Ltd.- Logon Broadband (Pvt) Ltd.- Habib Trust & Societies- College of Physicians and Surgeons Pakistan

Muhammad Faizan Ali Education Details

Frequently Asked Questions about Muhammad Faizan Ali

What company does Muhammad Faizan Ali work for?

Muhammad Faizan Ali works for Imtiaz

What is Muhammad Faizan Ali's role at the current company?

Muhammad Faizan Ali's current role is Head of Treasury and Decentral Ops.

What schools did Muhammad Faizan Ali attend?

Muhammad Faizan Ali attended Acca, Institute Of Cost And Management Accountants Of Pakistan (Icma Pakistan), University Of Karachi, Govt College Formen Nazimabad, National Paradise Academy, Institute Of Cost And Management Accountants Of Pakistan (Icma Pakistan).

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