Iftikhar Baig Chughtai

IFTIKHAR BAIG CHUGHTAI Manager Credit Management Male Married- WORK EXPERIENCE Manager Credit Management, Pakistan Telecommunication Company Limited - PTCL - Feb 2009 to date (PTCL) – (Group company of EtisalatDubai) FEB - 2009 - TILL NOW Credit Management / Account Receivable linkedin-iftikhar-baig-chughtai-fcpa-78906a8 North Nazimabad Town, Karachi, Pakistan AM -Corporate Planning & System Improvement, Pak Suzuki Motors Company Limited JUL 2007 - FEB 2009 Corporate Planning / Cost down activity / IMS / Budget / Project Feasibility SUMMARY Internal Auditor / Accountant, Berger Paints Pakistan Limited JUL 2002 - JUL 2007 I possess diversified qualifications (CPA, MBA-Finance, ICMAP-Finalist), experience of more than 21 years in the fields of accounts, finance, and audit with the leading companies’ names of the industrial sector of Financial Reporting / Audit Plan, Execution and Report Accountant, World Air Ways Private Limited JUN 2000 - JUN 2002 Daily sales / Cash collection / Bank Reconciliation Pakistan (Pak World Airways, Berger Paints, Pak Suzuki and PTCL). EDUCATION STRENTH * Leadership * Team Player / management * Develop risk management controls/systems * Design processes to mitigate potential risks * Create contingency plans to manage crises * Evaluate policies and procedures to find weaknesses * Evaluate employees’ risk awareness and training * Learning Curve CPA - Certified Public Accountants, Institute of Certified Public Accountants of Pakistan (I.C.P.A.P) 2010 - 2010 MBA - Master of Business Administration - Finance, SZABIST 2004 - 2007 CMA - Cost & Management Accountants - Finalist, Institute of Cost & Management Accountants of Pakistan (I.C.M.A.P) 2000 - 2005 CERTIFICATIONS 2010: CPA - Certified Public Accountants Details of Work Experience: Pakistan Telecommunication Company Limited(PTCL) – (Group company of Etisalat-Dubai) Feb 2009 to date Designation: Manager Credit Management (supervising 2 AMs / 4 Executives / 12 Staff) ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ Timely delivery of invoices and notices to customers for payment. Monitor Invoice submission tracker and ensure receivables data is available on the system Provide statement of accounts to customers and Reconciliation with customer records Visit / Contact with customers and follow-up with collection team Immediately flag up any identified potential payment issues with suggestions for resolution Debt collection as per company’s policy. Review, monitor, and maintain customers’ receivable/overdue database. Follow-up and meetings with Corporate Customers for the clearance of PTCL dues and resolve their genuine issues. Follow-up and coordinate with Banks and OSS (One Stop Shop) for customer payments received. Monitoring of receivable addition, adjustments from OSS / Banks in defaulter ledger as well as in ERP System (BnCC - Billing & Customer Care System). Approve the installments and adjustments against closed numbers and update in system. Approve and lead the suspension & cancellation process of customer account. Sales Ledger Maintenance and preparation of bad-debt write off form Root-cause analysis for non-submitted invoices & reporting of daily activities Preparation of Aging Schedule and Monthly collectors’ performance analysis Prepare and monitor periodic reports, Internal Controls, billing management and maintain cash management. Preparation of annual budget of the Department. Keep track and monitoring on monthly bases. Co-ordinate with CMCs (Credit Management Cell) of South Zone and reporting to H/Qs. Liaison with the External and Internal auditors Implement and monitor authority matrix. To perform any task as and when required or directed by the Senior Management. Pak Suzuki Motors Company Limited Jul 2007 to Feb 2009 Designation: Assistant Manager -Corporate Planning & System Improvement ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ Analytical review the division’s reports to improve the system and procedures. Preparation of financial and technical feasibility report of the projects. Cost analysis of various products and divisions of the company. Working on the SRO’s related to Auto Industry / Budget Proposals. Review the overall budgets of the company and suggest changes therein accordingly, however, Preparation of annual budget of the Department as well. To review, evaluate and identify core strength and weaknesses of the company viz-a-viz other competitor and suggest strategic changes to the management. Liaison with concerned membership officers like FBR, Ministry of Commerce, PAMA, and PAAPAM etc. Dealing with IMS system, follow up and its updation time to time. Assisting the manager and director (CP&SI) in preparing annual targets of company, Corporate Planning and division of work among staff. To perform any other task as directed by the Management. Berger Paints Pakistan Limited Designation: Internal Auditor Jul 2002 to Jul 2007 ➢ Identification of business risks and evaluation of system of internal controls of entity by conducting meetings with management of company. ➢ Preparation of Audit strategy and formulation of audit plan on the basis of risk evaluation and internal control mechanism of the entity. ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ Leading and managing the audit teams from the phase of audit planning, audit execution and finalization of internal audit report. Conducting Internal Audit on Risk Based Approach. Review of audit work, working papers and files prepared by audit team. Prepare internal audit reports according to the requirement of Independent Audit Committee, however, the standards of COSO framework followed. Review of draft financial statements as per applicable reporting standards as per (IFRS) International Financial Reporting Standards. Coordinate in development of Systems and Procedures to ensure their compliance. Review Operational activities of company, departmental compliance with laws, regulations & external requirements and with management policies, directives & other internal requirements. Recommend/suggest appropriate actions which could ensure greater economy and efficiency in functions of various departments. Co-ordination with External Auditors. Designation: Accountant ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ Preparation of financial statements including balance sheet income statement, cash flow statement, statement of changing in equity and notes to financial statement in compliance with IFRS and companies’ ordinance 1984. Preparation of Consolidated financial statements of the group companies. Preparation of various management reports including profitability variance analysis, expense reports, sales, and their presentation to the top management of the Company. Preparation of Annual Operating Plan, Capex and Opex budgets and ensured strict budgetary compliance. Responsible for submitting weekly dash boards to management and ensuring the KPIs meeting targets. Implemented and maintained an effective and efficient system of internal controls. Pro-actively monitored control activities to ensure that group guidelines/policies are strictly adhered, and risks are adequately mitigated beforehand. Closely monitored the cash management system with average cash inflow of approx. Effectively monitored Stock in trade, shrinkages/wastages, stock levels, stock receiving process, stock ordering and adequacy of working capital. Supervision of Payroll & Payments, staff Income Tax and Bank Reconciliation Statements. Dealt with CDC & Share Holders and coordination in publishing of company accounts, shares and dividends. To perform any other task as directed by the Management. World Air Ways Private Limited Designation: Accountant ➢ ➢ ➢ ➢ ➢ Jan 2006 to Dec 2006 Jun 2000 to Jun 2002 Daily sales report to management. Cash and credit dealing. Bank reconciliation. Daily Cash Flow Report. To perform any other task as directed by the Management. S# 1 2 4 1 Endorsement Title Awarding Institute/Company Time and Stress Management Berger Paints Internal Auditing & IMS Pak Suzuki BnCC and ERP Training / Communication Skills PTCL INTERNATIONAL TRAINING / CERTIFICATES Corporate Planning & System Improvement Maruti, India