Umar Daraz

Umar Daraz Email and Phone Number

HOD - INTERNAL AUDIT at Al-Jalil Developers @ Al-Jalil Developers
Lahore, Punjab 54000, PK
Umar Daraz's Location
Pakistan, Pakistan
Umar Daraz's Contact Details

Umar Daraz personal email

About Umar Daraz

Financial executive with broad experience in all aspects of accounting, auditing and financial management. Direct experience with Manufacturing, Consturction, EPC and Consulting Engineers. To lead the organization being strategic partner of top management team of organization.Specialties: Budgeting & Forecasting.Financial Reporting & Audit Preparations.Management reporting & Performance Management.Working Capital Management & Treasury Functions.Facility Negotiation & Leasing.Regulatory Affairs.

Umar Daraz's Current Company Details
Al-Jalil Developers

Al-Jalil Developers

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HOD - INTERNAL AUDIT at Al-Jalil Developers
Lahore, Punjab 54000, PK
Employees:
356
Umar Daraz Work Experience Details
  • Al-Jalil Developers
    Hod - Internal Audit
    Al-Jalil Developers Jun 2021 - Present
    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.
  • H.N. Schools - H.N. Group
    Chief Financial Officer
    H.N. Schools - H.N. Group Oct 2018 - Present
    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.
  • H.N. Schools Network
    Chief Financial Officer
    H.N. Schools Network Jun 2021 - Jan 2022
    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.
  • Trust Securities & Brokerage Limited
    Chief Financial Officer & Company Secretary.
    Trust Securities & Brokerage Limited Apr 2017 - Sep 2018
    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 • Filling of statutory returns like form A, form 29, form 3 and 5 etc. in due course of time• Participated AGM and BOD meetings, Record Minutes and announce on PUCAR thereof.
  • Zainab Textile Mills Limited
    General Manager Finance
    Zainab Textile Mills Limited Apr 2008 - 2016
    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.• E-filing of corporate tax, income tax, sales tax returns and represents the company in taxdepartment. Dealt annual assessment, sales tax refund, crest, sales tax and refund audit.• E-filing of Form A, Form 29 and meet requirements of SECP as per Corporate Laws.
  • Askari Shoe Project
    Finance Manager
    Askari Shoe Project Dec 2004 - Feb 2008
    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.
  • Makco (Private) Ltd., Tripoli, Libya
    Internal Auditor
    Makco (Private) Ltd., Tripoli, Libya Apr 2002 - Jun 2003
    • 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.• Identified inaccurate specifications of imports; controlled project delay.• Authenticated Billing & Receivables, Payables & Disbursements, Funds Position & reconciliations, Salaries, Benefits & Statutory dues, Equipment & Supplies Stores, Advances & Adjustments etc.
  • Polycon Pakistan (Pvt.) Ltd.
    Chief Accountant
    Polycon Pakistan (Pvt.) Ltd. Sep 2000 - Apr 2002
    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
  • City School (Pvt.) Limited
    Manager Accounts
    City School (Pvt.) Limited Jan 1998 - Aug 2000
    • 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.• Regularized tax deductions and timely filing of monthly returns. • Contributed as Chairman, Assessment Committee; Budget Committee and Fee Review Committee
  • National Engineering Services Pakistan (Pvt.) Ltd.
    Accounts Officer
    National Engineering Services Pakistan (Pvt.) Ltd. Sep 1979 - Jan 1998
    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. • Ensured timely finalization of Accounts, audit preparations, supervising Accounting functions • Developed withdrawal application formats; secured early and maximum release of claims on FMR and timely obtained approvals from Luis Berger Inc. USA on 3RD IBRD Highway project• Checked construction bills on 3rd IBRD Highway s and recommended for payment to NHA.

Umar Daraz Skills

Auditing Variance Analysis Banking Accounting Cash Flow Cost Accounting Financial Planning Target Costing Tax Financial Modeling Forecasting Managerial Finance Management Accounting Finance Account Reconciliation Financial Accounting Consolidation Budgeting Internal Controls Financial Analysis External Audit Budgets Management Financial Reporting Financial Statements Ifrs Financial Management Accounts Payable Mergers And Acquisitions Accounts Receivable Payroll Financial Audits Internal Audit

Umar Daraz Education Details

Frequently Asked Questions about Umar Daraz

What company does Umar Daraz work for?

Umar Daraz works for Al-Jalil Developers

What is Umar Daraz's role at the current company?

Umar Daraz's current role is HOD - INTERNAL AUDIT at Al-Jalil Developers.

What is Umar Daraz's email address?

Umar Daraz's email address is um****@****ail.com

What schools did Umar Daraz attend?

Umar Daraz attended Institute Of Cost & Management Accountants Of Pakistan, University Of The Punjab, Lahore, University Of The Punjab.

What are some of Umar Daraz's interests?

Umar Daraz has interest in Education, Bed Minton Playing, Travelling To Hill Station, Tv Seeing, Newspapers Reading.

What skills is Umar Daraz known for?

Umar Daraz has skills like Auditing, Variance Analysis, Banking, Accounting, Cash Flow, Cost Accounting, Financial Planning, Target Costing, Tax, Financial Modeling, Forecasting, Managerial Finance.

Who are Umar Daraz's colleagues?

Umar Daraz's colleagues are Hazrat Khan, Asmat Tahira, Asmat Tahira, Talha Irfan, Sufyan Ahmad, Amna Mehboob, Nayab Fatima.

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