Key Contributions & Achievements as Deputy Manager Finance:
Successfully manages corporate treasury, accounts payable (foreign payment of approx. US$ 350 million pa), insurance and employees\' fund.
• Arrange funded/non-funded facilities of Rs. 10.5 billion for FFBL’s new project (FPCL) and BMR of FFL.
• Arrange bank guarantees facilities (both open ended and close ended) of Rs. 2.3 billion.
• Arrange and manage RSBLC facility of Rs. 1.5 billion for SSGC bill payments.
• Arrange DSRA SBLC facility of US$ 9.5 million for FWEL I & II.
• Arrange assets insurance coverage of Rs. 116 billion for 2020-2021.
• Manage investment of Rs. 2.45 billion of employees’ funds to maximize the return and ensure compliance with respective legal requirements.
• Review and monitoring of treasury and employees’ funds budget as budget owner.
• Forecast cash flow positions and manage company’s financing portfolio and working capital requirements for smooth operations.
• Liaising with company bankers and maintaining positive, long-term working relationships.
• Review monthly bank reconciliation statement, mark-up payment and profit calculation on investment (TDRs and saving accounts).
• Respond queries of internal and external auditors.
• Active involvement with month-end close activities, monitors and
approves financial transactions in SAP System (FI & MM module).
• Responsible for payment of import of Phosphoric Acid (Raw Material), Spare Parts and Services for Urea & DAP fertilizer plant.
• Respond to foreign vendors on payment related matters.
• Review staff work and assign task to them as per requirements.
As Secretary of Board of Trustees of Employees’ Funds in FFBL, I am involved in performing following activities in FFBL and its projects:-
• Maintain separate books of accounts, audit of funds, Board of Trustees Meetings, annual and Half Yearly PF statements.
• Prepare annual accounts of the employees’ fund and presents annual and quarterly reports and updates on investments to the Board of Trustees.
• Study and analyze the money and capital market, negotiate investment deals in order to effectively manage employee funds in a manner, which is safe and profitable at the same time & coordinate with Banks, Mutual Funds, Stock Market Brokers, Central depository Company of Pakistan (CDC).
• Preparation of Board resolutions, Minutes of Meetings and other necessary secretarial work.
• SECP reporting related to investment of Funds.
• Review and process Provident Fund Loans (temporary and permanent withdrawals).
• Review and process final settlement payments of Provident Fund and Gratuity Fund to ex-employees.
• File Tax Returns; obtain exemption certificates & submission of tax returns with FBR.
• Guidance/training to employee fund’s teams of subsidiary companies.

Key Contributions & Achievements:
• Successfully improved organizational productivity by introducing and implementing key changes to the existing procedures.
• Played a key role as part of treasury team in the successful launch of three projects “Fauji Meat Limited (FML), FFBL Power Company (FPCL) and Fauji Food Limited (FFL)”.
• Prepare section’s budget as budget owner.
• Liaison and coordinate with bankers on funding and investment related matters and closed deals on favorable terms.
• Process insurance claims and arrange insurance coverage for company’s assets.
• Review monthly profit calculation and markup payments.
• Review EIF on WeBOC before submission for bank’s approval.
• Coordination with procurement department on foreign purchases.
• Liaison with OCP Group of Morocco on Phosphoric acid (DAP raw material) quarterly pricing, payments and other matters.
• Liaison and coordinate with LTU(FBR) on double taxation on services related matter and obtain exemption on the import of raw material.
• Ensure adherence to accounting policies and Internal control requirements for accounting and reporting.
• Preparing and analyzing receivable, payable & advances aging at month end and identifying the reasons for the long outstanding balances and working in liaison with SCM & OCP team to close old advances, payable/receivable balances.
• Assist in audit to ensure adherence to company’s timelines.

Key Contributions & Achievements:

Designed and implemented “File Management and Foreign Payments Management Systems” in MS Excel and MS Access.
Execute foreign payments for raw materials (P2O5), spare parts and services.
Liaison with foreign vendors on payment related matters & maintaining positive and long-term working relationships with them.
Negotiate with bank for foreign currency rates.
Coordinate with material warehouse and logistics department for timely delivery of material for smooth operations of plants.
Negotiate LC and LG facilities with the banks.
Prepare financing documents for short-term and long-term financing.
Prepare cash flow statement for financing need.
Professionally handled queries of internal and external auditors and ensured their full satisfaction.

Key Contributions & Achievements:

Contributed extensively during the SAP implementation as part of core team and completed the extensive financial data migration within one month. The data was from 1995 to 2010.
Prepare bank payments instructions for Letter of Credit, Foreign Telegraphic Transfer, Cash against Documents & Foreign/Local Demand Draft.
Prepare and park month end closing vouchers in SAP, bank reconciliation statement and schedules for monthly accounts.

One-year extensive training in different sections of finance department.
Gained excellent knowledge of the company`s financial policies and procedure.