Ehtisham Akhtar
RIYADH
Summary
Dedicated Finance Executive with 18 years of experience in all areas of finance and investment management. Hands-on leader with strong business acumen and analytical mindset to identify and correct underachieving trends. Results-driven Executive Accounts & Finance experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
10
10
years of professional experience
Work History
Executive Accounts & Finance
Pakistan Oilfields Limited
- 06.2023
- Manage all accounting transactions in Oracle- E- Business, indicating proficiency in using this software for financial management
- Oversaw monthly, quarterly and annual closing of accounts, which involves ensuring accuracy and completeness of all accounting modules i.e
- Receivable, payable, General ledger, inventory, fixed assets and sales module
- Collaboration with cross-functional teams to ensure timely closing of accounts
- Prepared financial statements in accordance with International Financial Reporting standards
- Financial analysis of the statements of Financial Position, Profit or Loss and Cashflows statement of the company
- Reviewed and analyzed management reporting activities and provided valuable insights for strategic decision making
- Forecasted financials for proposed projects to provide accurate projections
- Conducted internal audits on fields and plants operated by the company and joint ventures
- Computed taxes and ensured tax compliance with applicable rules and regulations.
Sr. Officer Accounts and Finance
Pakistan Oilfields Limited
01.2012 - 01.2016
- Successful implementation of LPG Management Information System (MIS) and integrated with ERP system
- Overseeing the day-to -day operations of LPG sales & marketing business including purchase, sales, transportation and inventory management
- Managing the Management Information system (MIS) for accurate accounting records of LPG business
- Generating accurate monthly sales invoices collaboration with LPG plants on daily basis and reviewing them for accuracy
- Verification of LPG purchases both quantity and quality on the basis of plants report reviewing them for accuracy and processing for payments to suppliers
- Generated monthly reports including sales, purchases and other related expense for management review
- Managing transportation bills related to LPG distribution for accurate records and payments
- Computed taxes and ensured tax compliance with applicable rules and regulations
- Creating financial projections and analysis of business for effective decision making
- LPG Business Profit or Loss and analysis on the basis of P & L reports.
Officer Accounts and Finance
Pakistan Oilfields Limited
01.2007 - 01.2011
- Maintained detailed records of all LPG customers
- Comprehensive records of LPG suppliers
- Verifying supplier invoices and transportation bills to ensure they align with terms and conditions of the company contracts
- Confirmed the accuracy of quantities received, prices and quality of the product
- Reconciliation of sales and purchase accounts on monthly basis with plants reports and issuance of debit and credit notes
- Reconcile any discrepancies between internal records and bank statements
- Investigate and reports on the reasons on any variance
- Reconciled 500+ customers account to transfer of accurate balance in MIS
- Processed supplier invoices and their timely payments as company policy
- Calculated and report the financial performance of the LPG business and provide insights into factors effecting profitability.
Accounts Executive
Younas Metal Works Gujrat
02.2006 - 06.2007
- Keeping track of purchases made by the company and maintained accurate records, Purchase invoices, ensuring proper coding and classification of expense and updating accounts accordingly
- Prepared the daily report that summarized all incoming and outgoing funds
- This involved bank reconciliation, dealer and supplier accounts
- Payment of invoices as per company rules and reconciliation at end of period
- Prepared and file sales tax return base on the company sales and purchases
- Successfully implementation of web base Management Information system after comprehensive audit of the company records.
Education
Cost and Management Accountant (CMA) Finalist - COST AND MANAGEMENT ACCOUNTANT
INSTITUTE OF COST AND MANAGEMENT ACCOUNTANT
PAKISTAN 11.2011
Bachelor of Commerce - Accounting And Finance
UNIVERSITY OF THE PUNJAB LAHORE
PAKISTAN 08.2001
Skills
- Financial Analysis
- Management Analysis
- Budget Management
- Oracle Financial E- Business
- Standard Query Language (SQL)
- Audit Coordination
- Financial Reporting (IFRS)
- Accounts Payable/Receivable
- General Ledger Management
- Sales Tax Compliance
- Team Leadership
- Inventory management
- Budget Development
Accomplishments
- Awarded the Best Employee Award for successful completion of LPG Management Information System in 2012
- Detected and investigated a 40 million rupees customer fake receipts fraud.
- Reconciled 500+ LPG Distributors to ensure accurate record.
Languages
English
Urdu
Training
- IFRS (3 days Training at ICAP)
- Oracle Financial E-Business (2 months Training at ICMAP)
- Financial Analysis (04 days at PIM Karachi)
- Management Accountant International Conference at PC Bhurban
Iqama
Transferable
Socpa Id
177998
Personal Information
- Visa Status: Accountant
- Title: ACCOUNTS AND FINANCE PROFESSIONAL
Timeline
Sr. Officer Accounts and Finance
Pakistan Oilfields Limited
01.2012 - 01.2016
Officer Accounts and Finance
Pakistan Oilfields Limited
01.2007 - 01.2011
Accounts Executive
Younas Metal Works Gujrat
02.2006 - 06.2007
Executive Accounts & Finance
Pakistan Oilfields Limited
- 06.2023
Cost and Management Accountant (CMA) Finalist - COST AND MANAGEMENT ACCOUNTANT
INSTITUTE OF COST AND MANAGEMENT ACCOUNTANT
Bachelor of Commerce - Accounting And Finance
UNIVERSITY OF THE PUNJAB LAHORE
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