Sarmad Bin Wasim Email & Phone Number

Karachi Division, Sindh, Pakistan

• SBP is the Central Bank of Pakistan. Here I am responsible for leading preparation of financial statements of a Special Purpose Vehicle of Government of Pakistan - INPCCL - with investors’ pool size worth over USD 700.
• Ensuring accurate bookkeeping of day-to-day operations of various government entities, and their monthly, quarterly, and annual closing of books of accounts.
• Identifying operational and control risks and implementing adequate control measures.
• Forecasting INPCCL’s income and expense, and budgeting for its cash management.I also proposed and led the following:
• Development and implementation of a mechanism to accurately calculate, and distribute, accumulated profits of Employees’ Retirement Funds at SBP. The mechanism benefited all of its members since its inception in 2008.
• Development and implementation of a management reporting system, that summarizes the performance of INPCCL investor pools, their profitability, and weighted average cost of funds.

Karāchi, Sindh, Pakistan

My initial appointment at SBP was as a contractual employee, with designation of Deputy Manager. Later, owing to satisfactory performance, I was made permanent in SBP and was made Deputy Director. My responsibilities in each role were same in nature and are mentioned above.

Karāchi, Sindh, Pakistan

• BPPL is biggest oil refinery in Pakistan, with one of the fastest growing oil marketing networks. At BPPL I independently planned and executed complete audits with direct reporting to the Head of Audit. BPPL had a very.
• Marketing / Network Development - Audit
• Procurement pre-audits
• Review and Updating of Budgeting and Finance, SOPs and policies, including SAP utilization

Karāchi, Sindh, Pakistan

• FHM is the biggest Islamic Leasing Financial Institution of Pakistan. Being the acting Head of Audit I was responsible for its complete audit cycle. I devised risk based annual internal audit plans and drove my team.
• Human Resources Department – Audit
• Ijarah and Musharakah pre–audits
• Compliance Audit of Code of Corporate Governance, and Modaraba Regulations

Karachi

• PSPC is the Central Bank-Note Printing Corporation of Pakistan. At PSPC I conducted financial, compliance, and operational audits in line with the guidance of The International Professional Practices Framework (IPPF).
• Audit’s Departmental Independence
• Quality Assurance and Improvement Program
• Procurement Process Re-engineering
• Quality Control Effectiveness ReviewAreas Audited:
• Information Technology (IT) Department

Karachi, Abu Dhabi And Dubai

• At EY I demonstrated great potential in statutory audits and client dealings, hence, was given the opportunity to work with EY’s Karachi, Abu Dhabi and Dubai offices and led audit teams for various national and.
• Research, Manufacturing and Marketing concerns in Pharmaceutical industry
• Non-governmental Organizations (Foreign reporting projects)
• Not for profit organizations and trusts
• Manufacturing concerns for Consumer and Industrial Engineered goods
• Financial institutions

Master Of Business Administration - Mba, Business Strategy And Management, Cgpa 3.48

Cia, Internal Audit

Credential ID: 2103292

Member, Finance, Accounting And Audit, Cleared All Papers In 1St Attempt; And Have 3 Nation-Wide Distinctions.

Credential ID: 3562843

Bachelor Of Science Honours - Bsc (Hons) In Applied Accounting, Applied Accounting, First Class Honors

Ca - Intermediate, Accounting And Related Services, Finalist