Yasir Ashraf

1- Accounting & GL

Carefully managed and recorded cash and credit transactions, diminishing financial discrepancies.

• Supervising and re-calculation of the payment vouchers,

• Review of monthly trial balance.

• Monthly P&L and Balance sheet reporting to Management

• Assisting staff members in the preparation of monthly and quarterly accounting reports.

• Analyzing financial statements to ensure accuracy and compliance.

• Identifying potential cash flow problems and financial irregularities

2- Value Added TAX (VAT).

Oversee regulatory filling across VAT, ZAKAT related matters as per the department timelines.

• Respond back on quires from ZATCA for timely completion of monthly VAT audit.

• Support management on follow up for refund claims from ZATCA.

• Ensuring all required documentation and reconciliations are well-maintained.

• Manage and maintain the company's tax database.

• Maintain effective control procedures over all aspects of the tax process.

3- WHT & ZAKAT

• Manage reviews of all declarations, filings, obtaining certificates, ZATCA queries, assessments, appeals and issues resolutions for Zakat, Income Tax, Withholding Tax, Excise Tax, Transfer Pricing, Contract Submissions, and other Zakat & Tax compliance requirements.

• Manage and facilitate ZATCA income tax audits: preparing responses, creating schedules,

• Ensure where (applicable) Withholding tax is deducted and deposited in

Government treasury on monthly basis.

• AWTR compliances and timely filling on yearly bases

• Ensure Zakat and Tax Returns are filed and liability settled on timely basis to avoid any delay and penalties.

• Compute deferred tax liability as required

• Ensure transfer pricing rules are compiled and filing in time

• Prepare and maintain the Local and master file as per ZATCA Requirement

• Prepare the TP Discloser form and report with the annual WHT &Zakat reporting as compliance

• Ensuring that other relevant regulatory requirements are complied with such as Arabic Books and

Records, Record Achieving etc.

• Maintains standard costs for products including raw material and purchased parts.

• Preparation of cost of sales, operating cost and other cost with timely and accurate completion.

• Perform analysis and create reports concerning inventory costs.

• Perform reporting variances and supporting analysis in costing system.

• Preparing the actual manufacturing cost comparing with budgeted manufacturing cost.

• Prepare and input actual, forecast and budget reports.

• Preparing the costing models in order to estimate product cost.

• Provide management with reports summarizing expenses

• Supervise month-end closing process, including review of GL entries, preparing closing journals as deemed necessary.

• Supervise the Cost Accountants staff to review their activities.

• Compiles cost information to be used in preparing operating budgets.

• Identify and analyzing variances, researching the causes of the variances and making recommendations based on analysis.

• Conduct the physical annual inventories/stock counts.

• Prepare ad-hoc reports/schedules as required by the management.

• Serve as a liaison with external auditors during quarterly and year-end audits.

• Ensure the spending is recorded correctly and invoices are codded in correct cost canters

Costing and Inventories

• Inventory Valuation of Semi Finish & Finished Good, Packaging and Fuels.

• Stock Planning, Periodic Stock Checks & Reconciliation/Valuation.

• Preparation of account reconciliation, reviews financial reports, and

Preparation of standard and recurring journal entries and analyzing the same.

• Preparation of Cost schedule to identify the impact on result of operations.

• Co –ordination with internal auditor, external and cost auditors

• Ensure that cost sheets, ERP GL, ERP inventory, Production report are reconciled.

• Monthly monitoring planning and daily monitoring of various Raw Materials like

Gypsum, Laterite, Fly Ash, Cement Bags etc.

• Preparation of cost statements as per company laws of Pakistan and their timely submission to the security and exchange commission of Pakistan.

General Ledger

• Booking & posting of Journal entries with proper supporting in ERP.

• Booking of Monthly Accruals and there reversals accordingly

• Variance analysis of trial balance.

• Preparation and control over the monthly accounting closing schedule.

• Account analysis and reconciliations.

• Budget control and variance analysis.

• Compilation of information and preparation of schedules required by internal and independent auditors.

• Hyperion Financial Management (HFM) reporting in the Group on Monthly basis.

Fixed Assets

• Scrutiny of all Purchase Requisitions (CAPEX/OPEX)

• Monitoring the Capital Work in Progress (CWIP) booking for the period & Year

To Date (YTD) for the approved CAPEX.

• Updating the Payment status for Contractual and direct payment for CAPEX

• Preparation & updating of Fixed Asset Register.

• Monthly Fixed Asset reconciliation

• Addition & Retirement of Items in FA Module

• Calculation of Monthly Depreciation & Recon with GL

Tax Reporting

• Preparation of monthly income Tax & sales tax report.

• Completing the Quarterly & Annually Tax reporting.

• Reconciling and Updating of all tax deductions and collection

• Monthly reporting to the Govt Authorities via Online portal

• Liaise with internal and external auditors