Muhammad Shafique
Riyadh,Saudi Arabia
Summary
Highly skilled finance professional with expertise in management accounts reports, financial statement preparation, and advanced bookkeeping. Demonstrates proficiency in VAT return submissions, account reconciliation, and fixed asset accounting, complemented by a strong understanding of regulatory compliance and treasury functions. Adept at maintaining banking relationships, supervising vendor engagements, and ensuring seamless ERP system integration. Possesses robust auditing capabilities and tax preparation knowledge, with a proven ability to deliver accurate profit-and-loss insights. Committed to driving operational efficiency and fostering leadership engagement within dynamic financial environments.
Overview
22
22
years of professional experience
Work history
Assistant Manager (Finance)
Heavy Electrical Complex, HEC
Islamabad, , Pakistan
06.2011 - 11.2024
- Managed financial reporting processes to ensure accuracy and compliance with organizational standards.
- Led budgeting activities to support strategic financial planning and resource allocation.
- Developed and implemented financial policies and procedures to enhance operational efficiency.
- Collaborated with cross-functional teams to assess financial performance and identify improvement opportunities.
- Produce monthly and weekly financial reports and management information in a timely manner as required by senior management.
- Bank reconciliations, accounts receivable and account Payment monitoring petty cash
- Maintain and reconcile fixed asset register, prepayments, accruals and other accounting schedules
- Supervision Account bookkeeping and conducting staff Annual appraisal performance for management, conducting training programs, and development.
- E-filling of monthly/annual tax returns of Suppliers/employees Preparation/arranging of approval of regular Employees’ payroll and remittance to Bank
- Pre-auditing/arranging of approval of HEC’s Contract Employees and Contractor’s payroll & overtime
- Preparation/arranging of approval of Employee’s EOBI, social security and income Tax deduction at source from suppliers/contractors/ salaries.
- Arranging approval/control of management perquisites/utilities.
- Pre-auditing/arranging of approval of Employee’s TA/DA, Maintenance, Medical, Canteen, Company’s utilities/ Telephone bills.
- Maintaining of Employee’s Misc. Advances/Imprest.
- Maintaining Company’s Provident Fund Account/Audit
- Preparation of financial and operational information/data required by other agencies and drafting correspondence
- Participation in opening of Tender Enquiry
Assistant manager, HR
Heavy Electrical Complex, Hattar HEC
Isalmabad, Pakistan
12.2006 - 05.2011
- Developed and implemented HR policies and procedures to enhance employee engagement and satisfaction.
- Coordinated recruitment processes by screening candidates and facilitating interviews to ensure alignment with organizational culture.
- Managed onboarding programs for new hires, providing essential training and resources to support their integration.
- Collaborated with department heads to identify staffing needs and develop strategic workforce planning initiatives.
- Dealing with personnel-related matters like maintaining/updating leave record of employees, issuance of leave advice, processing of medical bills including OPD and hospitalization, apart from coordination with panel hospital of SEC
- Looking after Group Insurance, EOBI coverage of employees, correspondence with concerned agencies from payment of contribution and settlement of claims
- Maintain various MIS reports related to Manpower, seniority, gender/domicile-wise data of employees, and weeding reports to Ministry of Industries and Production on a quarterly/monthly basis.
- Analysed HR metrics and trends to inform decision-making and enhance overall operational efficiency.
- Circular to SEC subsidiary companies on various Government instructions issued from time to time
- Preparation of statements on annual increments and revision of salaries of employees, Routine correspondence related to HR matters and any other task assigned by Deputy Manager and Head HR.
Financial analyst
Heavy Electrical Complex, HEC
Islamabad, Pakistan
08.2002 - 11.2006
- Analyzed complex financial data to support strategic decision-making processes.
- Prepared comprehensive financial reports to ensure accuracy and compliance with regulations.
- Conducted in-depth market research to identify trends and inform forecasting efforts.
- Collaborated with cross-functional teams to optimize budgeting and resource allocation.
- Involved in operating SEC Accounting systems and dealing with Banks and DFI's (investment about 1.0 billion rupees) •
- Data handling computer of General Ledger Module, issuance of Cheques, deposits of proceeds, issuance of SNTD, Bank reconciliation statements etc.
- Process bills for payment, including overtime, Medical TA/DA, Petty Cash , Telephone, Electricity, Gas, Newspaper, Travel Agents, Newspaper Agents, Auto workshops, Filling Station & other supplies/services providers etc.
- Disbursement of cash for perquisites of Management Grade Officers, Salaries of daily wage employees. overtime and medical expenses, etc. Preparing of JVs & maintenance of their records.
- Maintenance of fixed register/ records.
- Correspondence with income tax department regarding deposition of withholding tax from the payments of suppliers
- Preparation of monthly expenditure statements of telephone, vehicles, medical & overtime etc, for the appraisal of Management and MIS data
- Presented findings and recommendations to senior management for strategic planning purposes.
Education
MBA Finance -
Pakistan
Skills
- Management accounts reports
- Economic awareness
- Financial statement preparation
- Account reconciliation
- VAT return submissions
- Familiarity with ERP systems
- Regulatory compliance knowledge
- Treasury functions knowledge
- Tax preparations understanding
- Auditing capabilities
- Banking relationships maintenance
- Vendor relationship supervision
- Leadership engagement
- Fixed asset accounting
- Advanced bookkeeping
- Profit-And-Loss aptitude
Timeline
Assistant Manager (Finance)
Heavy Electrical Complex, HEC
06.2011 - 11.2024
Assistant manager, HR
Heavy Electrical Complex, Hattar HEC
12.2006 - 05.2011
Financial analyst
Heavy Electrical Complex, HEC
08.2002 - 11.2006
MBA Finance -
Pakistan