Muneeb Zia Ur Rehman Fcca - Aca(Icaew) Email & Phone Number

Lahore, Pk

Lahore, Punjab, Pakistan

Strategic Audit Leadership:• Orchestrated end-to-end audit processes, from meticulous planning and riskassessment to executing substantive testing and internal control evaluations.• Led annual audits, ensuring precision in financial reporting and regulatorycompliance while implementing advanced methodologies to identify insights fororganizational improvement.• Applied expert sampling techniques, enhancing audit efficiency and accuracy,and maintained comprehensive documentation adhering to professionalstandards.Risk Mitigation and Process Enhancement:• Conducted in-depth risk assessments, identifying and addressing key areas offinancial and operational concern.• Evaluated the design and effectiveness of internal controls, providing strategicrecommendations for process improvements and effective risk mitigation.• Collaborated seamlessly with cross-functional teams, fostering opencommunication channels to obtain critical information for audit procedures.Effective Communication and Continuous Improvement:• Presented audit findings and financial insights during audit committee meetings,ensuring clear communication to senior management and stakeholders.• Actively contributed to ongoing quality assurance reviews, staying abreast ofindustry best practices and regulatory changes, and applying analytical skills toassess financial statements, transactions, and disclosures.• Played a pivotal role in the annual external audit process, demonstrating acommitment to accuracy, transparency, and continuous improvement in auditmethodologies.

Lahore District, Punjab, Pakistan

Lahore, Punjab, Pakistan

Led the formulation of annual budgets and quarterly forecasts, including the preparation of comprehensive feasibility reports for theestablishment of new retail stores, contributing to informed expansion strategies.▪ Preparation, monitoring & presentation of weekly / monthly financial reporting packages with key drivers for monthly variances vs.budgets.▪ Monitoring of GL / Cost Center level budgets for all divisions ensuring that cost targets don’t spill over in any GL head.▪ Continues monitoring of quarterly re-forecasting based on the latest business drivers to ensure accuracy of forecasts.▪ Spearheaded effective cash flow management, ensuring optimal utilization of financial resources to meet operational requirements.▪ Provided strategic counsel to senior management on cost-cutting initiatives, contributing to overall operational efficiency.▪ Managed accounts payable and receivable processes, maintaining a balanced and streamlined financial operation.▪ Successfully secured short-term and long-term financing from banking institutions, demonstrating adept financial negotiation skills.▪ Creating and monitoring departmental SoP’s for standardization in all departmental financial reports and sharing it with relevantstakeholders.▪ Managing team resources to ensure efficient and effective reporting so that the turnaround times for the departmental reports is met.▪ Training the team with new reporting tools to add efficiency in the Turnaround time (TAT).▪ Oversaw the entirety of the Annual External Audit for the company, ensuring compliance with regulatory standards and fosteringtransparency in financial reporting.

Lahore, Punjab, Pakistan

• Achieved a substantial reduction in audit shortages, successfully lowering figures from seven to six figures. This initiative led to a significant enhancement in inventory quality variation, decreasing from 15% to an industry-leading 1%, with, inventory accuracy now standing at an impressive 99.99%.• Implemented a comprehensive system designed to identify pre and post discount frauds, spearheading successfulinvestigations that resulted in the prosecution and recovery of over 10 million rupees.• Regularly presented key performance indicators (KPIs) of the audit department to the CEO and the board of directorsduring monthly, quarterly, bi-annual, and annual performance review meetings.• Drove continuous improvement initiatives, contributing to the development of organizational policies and procedures.• Development and implementation of a risk based annual audit plan which was aligned with the company requirementsand also with the regulatory requirements.• Evaluate internal controls and internal policies to identify process weaknesses and provide actionable recommendationsto enhance operational efficiency and reduce risk.• Managed the budget for the internal audit department, overseeing yearly expenses with meticulous attention andconducting monthly reviews to address any variances promptly• Prepared clear and concise audit reports detailing findings, recommendations, and action plans for management and theboard of directors.• Lead investigations into Discount fraud, documenting findings and recommending corrective actions

Dha Phase 8 Commercial Broadway Lahore

• Initiated and implemented an innovative retail store audit guideline featuring a scorecard system for objective performance evaluation.• Doubled the audit frequency with the existing team, significantly boosting the efficiency of the audit department.• Led an autonomous team to conduct nationwide store audits, identifying control deficiencies, and establishing Standard Operating Procedures (SOPs) for smoother operations.• Conducted comprehensive audits of employee payments, covering salaries, bonuses, leave encashment, loans, and advances.• Verified company payments to vendors by cross-referencing with purchase orders, gate passes, and goods receipt notes.• Orchestrated a detailed physical verification of major additions and subtractions in fixed assets.• Implemented a barcode system to mark all company fixed assets, conducting audits at both store and head office levels.• Conducted periodic aging analysis of inventory to identify and address obsolete and slow-moving stock.• Rigorously audited monthly expense vouchers and travel claims for senior management, ensuring compliance with supporting documents.• Proactively communicated audit findings and shortcomings to store managers, contributing to risk reduction and system strengthening.

Lahore, Pakistan

Set up the internal audit department for the groups’ garments division laying down the basic framework to ensure departmental objectivity of Monitoring, Assurance & Compliance.Mapped the existing internal control system of the organization and Identified & improved control deficiencies in documentation, processes and procedures.Conducted pre-audit risk assessments of each operating unit and prepared operational audit plans. Implemented and designed Standard operating Procedures for the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.Recommended strategies which ultimately improved operational efficiency and reduced waste and slacks.Visited the site offices on a bi-monthly basis to monitor compliance of SOP’s and reported any variances to ensure operational efficiency. Liaison with the external auditor (KPMG) and was in charge of the year end stock taking of Store, Work in process and finished goods.Implemented and designed Yield analysis Report (Raw material to Finished goods), Identifying departmental loss for each operating unit individually and collectively for the organization.Continues monitoring of KPI’s and compared actual raw material / store purchases with budgets and rectified variances.Verified all payment to raw material suppliers, Fabric Printing suppliers and store items supplier (Imported and local accessories etc.).Checked bank payments/receipts vouchers, cash payment/ receipts vouchers and purchase vouchers.Approve sales invoices as per the goods shipped to customers and post them in GL. Aging analysis of accounts receivable on a bi-monthly basis to highlight overdue amounts and follow up with these customers.Deciding credit limits of customers new/existing with CEO on a bi-monthly basis and making sure that these limits do not exceed.

Aca, Accounting And Finance

Bachelor'S Degree, Accounting And Finance, A

Financial Reporting, Audit & Assurance And Financial Management, 70%

Certified Accounting Technician, 80%

High School, Physics, Chemistry & Advanced Maths