Assistant Manager Costing & Budgeting

To contribute in the financial management of an organization where there are opportunities for professional growth and enhancement of my professional competence and skills.

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Since December 2005

Wazir Ali Industries Ltd.

Assistant Manager Costing and Budgeting

I am responsible for;

Costing:

- Management of inventory system, making sure that all receipts and dispatches of raw materials and finished stocks have been accounted for.
- Evaluation of the raw materials.
- Evaluation of the company's finished goods stock.
- Preparation of trade offers and consumer promotion campaigns keeping in view the profitability and other relevant matters.
- Preparation of feasibility reports for products.
- Pricing of products.

Budgeting:

- Product wise forecasting of sales on yearly, quarterly basis and monthly basis.
- Preparation of annual expense budget for various departments of the company.
- Carrying out various variance analysis required for budgeting and forecasting.


Previous

Dawlance Group – United Refrigeration Industries Ltd.

Sr. Accounts Officer

Worked from 1st. April, 2004 to 15th August, 2005. I was responsible for managing the accounts related matters of ‘customer service centres’ in an efficient and effective manner. Key responsibilities include;

- Compilation of annual expense budgets, taking into consideration the previous year’s results i.e. actual expenses v/s budget, the analysis of variances and expected growth rate of business activities.
- Follow up of monthly expenses v/s the budget variances.
- Recommendations for making the branches cost effective and their implementation.
- Preparation of monthly assessment statements for all branches, taking into consideration operations, revenues and costs.
- Verification of accounts vouchers in the perspective of accounting treatment of various transactions, timely recording of expenses while taking due care of taxes and other related matters.
- Approval of reimbursement of imprest amount.
- Analysis of critical items in the expense summary i.e. extra ordinary items.
- Reconciling the branches against the head office i.e. making sure that all the events have been properly recorded at both ends and bank reconciliation statements.
- Addressing and solving all matters that might effect the smooth functioning of branches.

Chartered Management Accountancy (in progress)
Managerial Level
Chartered Institute of Management Accountants (CIMA)

MBA, Finance (2003)
Hamdard Institute of Management Sciences,
Hamdard University, Karachi.

Elective courses:
i. Analysis of Financial Statements
ii. Project evaluation & Financing
iii. Securities Analysis