o        Responsible for all accounting matters independently as detail below:

Responsible for consolidated export based monthly management accounts Knits & Denim Division with complete analysis (Break Even, Sales Analysis, Variance Analysis with Budget & necessary detail required for management presentation from ERP-SAP.
Engage in System based (ERP-SAP) P & L Accounts by analyzing Production variance, changes in Inventory, Consumption, Inventory Adjustment & Transfer Posting GL.
Report monthly company budget and pre-shipment cost analysis with actual to analysis future order from ERP - SAP.
Review all store consumption required to prepare monthly P/L & inventory valuation for monthly Accounts closing.
Ensure posting of all transaction required for monthly consolidated accounts closing complete in all aspects (Knits & Denim Div.)
Responsible for monthly Service P & L Accounts and report to management level.
Review daily Services P & L Accounts Garment Woven Cut to Pack, Garment Washing and Knits Accounts complete in all respect and report to Director and Management.
Responsible to close all accounts activities required for monthly accounts closing.
Ensure correct and complete transaction Fixed Asset in SAP.
Report daily update status of debit balance and receivable report to Director, Follow up debit balance till clearance.
Release Denim Fabric PR and PO in SAP as per requirement.
Responsible for local sale receivable status and accounting transaction on group level.
Responsible for all Accounts operation, accounting activities and report to Director Mian Hamza Mukhtar and Mian Ahmad Mukhtar, GM Accounts.
Report all payable and receivable balances on group level. (Verify monthly due balances and reconcile vendors and Customer’s ledgers to resolve/settle all outstanding transaction by contact with vendor and customer.    

Overall responsible for booking keeping in Oracle ERP Financials.
Direct, Guide and assist staff working under me and ensure accuracy of following transactions:
Verify and supervise in Oracle ERP all type of Company payments.
Engage in ERP oracle implementation by analysis of different attached module. Analysis of Trail balance extract from General ledger integrated with different modules. Also, analysis different production report for implementation of manufacturing module.
Analysis and keep in liaison with relevant account officer to adjust debit balance and clear status of debit.
Resolve all issues relating to local and import Purchase accounting and ensure completeness of all activities relating to purchases and rejection of parties for payments.
Checking and supervision of Daily Cash voucher at H.O, Site and Lahore.
Insure timely posting of all transactions relating to monthly closing and accruals for finalization of Accounts.
Timely Bank reconciliation and resolution of pending issues relating to bank reconciliation.
Responsible for tax book keeping and fulfill external auditor requirements for final audited accounts.
Responsible for overall production report, analysis monthly closing stock with ERP stock, monthly production report, store consumption.

o Responsible for all accounting matters independently relating to M.K Sons (Pvt.) Ltd. Unit-2 (Weaving Unit) as detail below: 

Develop new Accounts Set up at M.K Sons Unit – 2 (Include develop/Prepare COA, Cutover opening balances from M.K Sons Unit-1 to M.K Sons Unit-2, Fixed Asset Master Data including Plant and Machinery import cost and local cost incurred on installation and distribution of Pre-Operating Exp/Trail Run Loss to Fixed Assets), Generation of different Production / Analysis Reports for M.K Sons New Weaving Set up at 33 K.M Sheikhupura Road for reporting to GMF/Directors on daily / monthly basis).
Prepare Financial Statement for M.K Sons Unit – 2 for year ended on 30-06-15 with all supporting detail to External Auditor.
Prepare monthly Financial and production Accounts with relevant details (Yield, Order Closing and its variance Analysis, Production Efficiency Costing Analysis of Sizing) and reports to GMG and CEO for financial review.
Responsible for all accounts operational activities independently.

o        Engage as Super users in SAP-ERP development and implementation as detailed below:

 Prepare Finance and Accounts SOP for SAP ERP development.
Involve in As Is Process for SAP development.
Attend meetings for Process to BE.
Read Business Blue Print documents submitted by Sap Consultant and prepare relevant business scenario for finance department.
Prepare FI Upload Master Data Templates for AP, AR, Banks, And Fixed Assets Cutover.
Attend detail User Training session (User Acceptance Test / UAT).
Prepare ABAP Objects/Form in excel for creation in SAP.
The completeness of training manuals and test scripts during Integrated Testing Cycle (ITC). Report any process / any step / part of processes missing in training manuals, immediately request (through email with CC to Core committee) the relevant consultant to include missing part in manuals.
Compare business scenarios list with test scripts. Prepare business scenario list missing in test scripts.
Engage in End-to-end User Training (E To E)
Engage in End User Training (EUT)
Engage in crucial phase of the project i.e., Prepare final FI Upload Templates (Master Data) for cut over data preparation phase.
Finally engage in implementation and go alive phase. 

 o Responsibilities in M.K Sons Unit -1
o Scrutinize the relevant detail and supervise the accounts staff for finalization of company’s Annual Financial Statements and onward coordination with external Auditor.
o Responsible for timely preparation and submission of following Management Reports:

 Export rate negotiation with Bank.
LC opening and it follow up until retirement of LC at accounts end.
Cash forecast keeping in view financial needs of the company.
Export schedule on monthly basis.
Short term and long-term loan schedules for monthly accounts.
Weaving Cost sheet on monthly basis (Production Accounts).
Stitching Cost sheet on monthly basis.
Processing Cost and production Overhead analysis on monthly basis.
Ensure arrangement of monthly/annually Physical Stock taking.
Review Stock Valuation and ensure its reasonableness and accuracy on monthly basis (Weaving, Processing, Stitching).
Bank Reconciliation statements.
Position of availed credit facilities against sanction limits and status of charges against it.
Reconciliation of raw materials & work in process stocks (Weaving, Processing, Stitching).
Responsible for Order wise Monitoring.
Filling of Income tax and Sales tax Return, Monthly income tax statements.
Supervision of Accounts Department.
Supervise the stitching piece rate staff regarding all stitching payments.
Ensure complete, accurate and prompt recording of all accounting transactions in accordance with generally accepted accounting principles and statutory disclosure requirements.

o Direct, Guide and assist staff on all accounting matters and ensure that they are functioning in accordance with laid down procedures and ensure accuracy of all transaction being processed by staff under my direct control.

o Over all supervision of Finance departments and dealing with external department regarding insurance, Banking, Sales Tax Department.
o Responsible for timely preparation and submission of following Management Reports:

Export rate negotiation with RM.
LC opening and it follow up until retirement of LC at accounts end.
Cash forecast keeping in view financial needs of the company.
Variance analysis of cash budget with actual results.
Daily fund management.
Position of availed credit facilities against sanction limits and status of charges against it.
Short term and longterm loan schedules.

o Liaison with all banking and non-banking financial institutions.
o Ensure complete, accurate and prompt recording of all financial and accounting transactions in accordance with company Accounting Policies.
o Guide staff on all accounting matters and ensure that they are functioning in accordance with laid down procedures.
o Ensure that books of accounts are complete and up-to-date.
o Responsible for preparation of monthly accounts of the company and presentation to the GMF.
o Responsible for timely preparation and distribution of Management Information Reports.
o Handling all type of Tax matters:

Sales Tax Return cases
Income Tax cases
Tax notice reply

o Presenting data and meeting with tax commissioner
o Experience of Sales Tax SRO\'s Working
o Record keeping in accordance with requirements of Sales/Income Tax Act.
o Approving authorities of vouchers.
o Scrutinize and compile the relevant details for finalization of company’s Annual Financial Statements and onward coordination with external Auditor.

o The examination and evaluation of the adequacy and effectiveness of the internal control systems at various operations and activities of company.
o The review of the application and effectiveness of risk management procedures and risk assessment methodologies at various operations and activities of company.
o The review of the management and financial information systems, including the electronic information system. The review of the accuracy and reliability of company’s accounting records and financial reports.
o The testing of both transactions and functioning of specific internal control procedures at various company departments.
o The evaluation of adherence to legal and regulatory requirements and approved policies and procedures.
o Submission of Report of Surprise Audit findings to the Manager Audit and Chief Executive after the completion of assignments.
o Assists in the investigation of significant suspected fraudulent activities and notify the Manager Audit and Chief Executive of the results.
o Ensure that the department complies with sound internal auditing principles and best practices; seek guidance from the standards issued by the Institute of Internal Auditor (USA).
o Preparing of Debtor outstanding and aging report on weekly basis & Audit the store purchase and Raw Material Purchases.

o Monitor the disbursement and collection function and ensure that all collections are accounted for, and are banked immediately.
o Responsible for following management reports:

Daily fund management.
Bank reconciliation statements and solve all matter relating to reconciliations.
Yarn parties payable and receivable position, weekly budget.

o Fulfilling the requirements of financial institutions regarding credit facilities and financial matters i.e. L/C matters and export realization.
o Assist in the finalization of Monthly Accounts, Assist in the preparation of Audit file and onward coordination with External Auditor.
o Ensure the completeness and accuracy of following details to support the items in financial statements:

Details of accrued income, expenses.
Detail of addition to fixed assets.
Detail of foreign debtors.
Markup on bill under collection.
Average rate of markup on short term loan for finalization of monthly accounts.

 o Direct, Guide and assist staff working under me and ensure accuracy of following transactions:

Export realization and local receipt vouchers.
Reconciliation of parties with our ledger and local debtor position reporting as of its Variance.
Mill Store and yarn Purchases, Import Purchases and Adjustment Vouchers.

In addition, reporting on particular assignments to the Chief Accountant and General Manager as and when demanded.