Umar Daraz Email & Phone Number

Lahore

• Cash Flow Forecast and manage transfer of funds to branches and adjustment of expenses.
• Supervising computerized Accounting Functions of the whole network.
• Finalizing of Accounts and preparation of Monthly and Annual Financial Statements.
• Dealing with financial institutions regarding financing and leasing.
• Working Capital Management.
• Dealing with Tax Consultant and IT Developers and External Auditors.

Multan, Pakistan

• Cash Flow Forecast and manage transfer of funds to branches and adjustment of expenses.
• Supervising computerized Accounting Functions of the whole network.
• Finalizing of Accounts and preparation of Monthly and Annual Financial Statements.
• Dealing with financial institutions regarding financing and leasing.
• Working Capital Management.
• Dealing with Tax Consultant and IT Developers.

Lahore

• Cash Flow Forecast and manage transfer of funds to branches and adjustment of expenses.
• Supervising computerized Accounting Functions of the whole network.
• Finalizing of Accounts and preparation of Monthly and Annual Financial Statements.
• Dealing with financial institutions regarding financing and leasing.
• Working Capital Management.
• Dealing with Tax Consultant and IT Developers and External Auditors.

Lahore, Pakistan

• Managed issuance of Rs.200 million rights shares, increase in authorized capital from 100 to 750 million, paid up capital 100 to 300 million and shifting of registered office etc.
• Ensured timely renewals/registration of corporate office, branches, agents and directors change.
• Controlled cash flows, monitoring banks, pre-auditing transactions and performing treasury functions
• Check and timely authentication of Annual and quarterly Financial Statements.
• Ensured to meet requirements of PSX, SECP, CDC, NCCPL; filing Assets Segregation, Liquid Capital, Free Float, Pattern of Shareholdings, EPS etc. within prescribed time.
• Ensured clearance of statutory, outsourced internal and JIT audit

Lahore, Pakistan

• Secured claim of Rs.2.07 million against loss by fire; the management awarded Honorarium.
• Negotiated KPK low interest loan, Generator leasing and bank financing proposals.
• Improved working capital reviewing cash flows, receivables, payables and inventories etc.
• Evaluation of financial performance monitoring production, cash receipts and payments etc.
• Control risk; pre-auditing daily transanctions, performing treasury functions and implementing checks
• Ensured timely finalization of accounts, deal statutory auditors and clear the observations.

Lahore, Pakistan

• Achieved up to five annual bonuses implementing budget; co-coordinating functional managers.
• Improved cash flows, monitor receivables and implementing internal controls.
• Secured orders; evaluating cost sheets, controlling purchasing cost and overheads.
• Ensured timely finalizing Monthly Financial Report, Quarterly Accounts and dealt audits.
• Pre-audit Payables, Perform Treasury Functions and managed disbursements.
• Dealt taxation matters, labour cases, duty draw back and dealing with banks.

• Implemented inventory controls; saved money identifying un-utilized stock
• Reduced costs comparing prices of alternative sources of procurements.
• Accelerated bills realizations; early claiming, pursuing and transfer to UK
• Developed funds utilization report; released old outstanding dues of foreign employees, regularized transfers of receipts from clients to HO, UK
• Determined billing rates of manpower; aided in successful negotiations.
• Finalized accounts and prepared financial statements and schedules.

Lahore

• Improved cash flows; re-scheduling of Bank Loan and arranging increase in share capital.
• Regularized; pre-assessing and timely payment of tax liability of directors, employees & suppliers
• Ensured timely filing of sales tax, income tax and corporate return.
• Regularized disbursements; pre-auditing daily transactions including interest on FIM.
• Ensured timely preparation of management accounts and bank reconciliations

• Cash Award from M.D., negotiating running finance Rs.30 million on minimum collateral from Bank
• Saved 2.3million; implementing internal controls on Construction of Islamabad Campus.
• Improved cash position; implementing zero based budgets, leasing furniture manufactured and monitoring fee receivables.
• Implemented Feasibilities of Jordinhill Teaching Courses in collaboration with University of Strathclydes, London, UK
• Ensured timely finalization of annual accounts and audit preparation and statutory audit thereof.
• Removed audit objection regularizing corporate records and filing corporate return.

Lahore

• Protected from recovery by client Rs.1.8 million; managing verification of Overheads by Auditors.
• Improved financial performance; comparing budget with actual and implementing Co.’s policies.
• Improved cash flows, forecasting, monitoring cash flows and perusing clients for due receivables.
• Saved money; comparing Purchase vs. lease of vehicles on Farm to Market Road Project.
• Removed observations Co.’s auditors; scrutinizing, clearing and recovering advances from employees
• Implemented Co.’s polices; pre-auditing payments and performing treasury functions.

Cost & Management Accountant - Cma, Management Accounting, Qualified

Activities and Societies: Member, Lahore Branch Council Chairman, Building & Maintenance Committee Accounting Principles Economics.

M.A.Administrative Science, Finance, A

Activities and Societies: Class Co-ordinator Government & Society in Pakistan Micro Economics Quantitative Techniques for Management.

Bachelor Of Commerce, Advanced Accounting And Auditing, Second Division

Activities and Societies: Member Badminton Team Functional English Principles of Economics Principles of Accounting Commercial Law.