Mw Mehar

1 MOHAMMED WAHEED MEHAR Email:-Cell No- PROFILE 15 years’ work experience in finance, accounts, taxation having worked with industries, distributors and financial institution. Fully expert to prepare final accounts independently. Receivable and payable management expertise. Experience History: Chief Financial Officer -Nexair Technologies (Private) Limited (January 2019 to present) -Smart Link Technologies Duties and Responsibilities: • • • • • • • • • • • • • • Responsible for all financial operations of the Company. Create financial reports, manage all financial accounts and stay up to date with all financial laws and regulations. Analyze financial data, advise on financial matters and present financial reports to the Board, Banks and other stake holders. Improve cashflow and cash reserves to control costs and expenses. Drive statutory compliance and provide quantitative financial information. Oversaw accounts receivable and payable to track income and expenditures. Directed and manage employees, ensuring that the company’s goals and objectives were met timely. Supervision of import of mobile phone devices, KPIs incentive ledgers and revolving credit account with Principal local and overseas Offices. Dealing with banks credit lines and cash management. Designing and oversee ware houses nationwide network Assurance and supervision of supply chain management of the Company. Supervision of whole sale dealers and distributors accounts and supply chain issues. Coordinating to external auditors. 2 CFO-Airlink Communication Limited (June 2016 to July 2018) • • • • • • • • • • • • • Supervision of periodic budgets of the Company for efficient financial operations. Ensure to maintain, updating, in order financial records, securities and other documents. Complete management and keep track record of cash flows of the company and its associated concerns. Issuance of policy and framework regarding purchases, payments, To make all security papers, agreements of vendors, dealers, whole sellers and distributors. Preparation of annual and semiannual & quarterly financial reports for BOD, Shareholders, Banks and regulators. Supervision of compliance to SEC, Stock Exchange, SBP and other Institutions. Getting annual, semiannual audited financial reports and certifications from approved external auditors of the company as per regulators’ predefined policy and procedures. Dealing with Insurance Partners, legal teams and tax advisors. Compliance of auditors, lawyers and tax advisors. Supervision of ware houses team. Liaising with principal offices regarding import of phone devices and settlement of payable and receivable accounts ledgers. Supervision of KPIs department designed by Principal Office. Head of Finance & Accounts – Fidelity Leasing ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ FINANCIAL REPORTING AND BUDGETING Review of MIS/ departmental reporting. Review of Board MIS report. Review of recorded GL balance including deposits, receivables and payables along with their ageing. Finalization and review of internal/ external reporting. Initiating the annual budget exercise while circulating the timetable, forms and guidelines to the respective departments. Providing the required information to the departments to facilitate the required process. Analyzing, reviewing, finalizing, and compiling the budget inputs from the departments. Preparing P&L account and Cash flow forecasts on quarterly basis. Conducting quarterly budget reviews. CASH MANAGEMENT ▪ ▪ ▪ Negotiating loan and overdraft terms with bankers. Forecasting cash payments and anticipating potential challenges arising from limited cash flows. Managing/overseeing daily cash balances, and surplus cash for other assets (e.g. capital markets, fixed income). CAPITAL MARKET ▪ Making decisions on funding company operations and other financing requirement. ▪ Control of debt capital markets Investments. 3 ▪ Liaising with company bankers and investors and maintaining positive, long-term working relationships. ▪ Monitoring of brokerage division. ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ CORPORATE AFFAIRS As company secretary arrange and attend board and other company’s meetings, took minutes, and handled all Board correspondence and directives. Maintaining statutory books, including registers of members, directors. Dealing with correspondence, collating information and writing reports, ensuring that decisions made are communicated to the relevant Modaraba stakeholders. Contributing to meeting discussions, as and when required, and advising members of the legal, governance, accounting and tax implications of proposed policies. Monitoring changes in relevant legislation and the regulatory environment and taking appropriate action. liaising with external regulators and advisers, such as lawyers and auditors; Corporate compliance to Securities & Exchange Commission of Pakistan. Liaison with Share Registrar of Modaraba for all issues relating to Certificate holders, payouts, periodic changes/information and other related issues. Reporting to SECP for any issue of Certificate holders. Reporting to Pakistan Stock Exchange - psx. Liaison with Pakistan Stock Exchange - psx regarding Listing Regulations and on other issues. • BOOK KEEPING AND ACCOUNTING Supervision of Accounts Department of Modaraba, its brokerage house and its Management Company. Supervision of accounts closing process and signoff pre/post closing checklist. • Supervision and coordination with the segments for accounts matters. • Supervision of reconciliation of recorded financial data with clients. • Updating of Accounting policies and procedures. • Preparation of financial statements in accordance as per requirements of the regulators and related Ordinance and directives issued by Securities and Exchange Commission of Pakistan (SECP) together with and approved IFRS and IFRS as applicable in Pakistan. • • Keeping track of off-balance sheet items. Finalization of periodic and annual accounts. • ▪ ▪ RECEIVABLES AND PAYABLE MANAGEMENT Receivables Management includes effective control over accounts receivable made on accounts. Receivables Management through track customer’s records. Regular interaction and co-ordination with Credit and Recovery Departments and compliance to internal and external auditors regarding receivable management. Provides managerial and operational leadership for the Accounts Payable team for day-today activities such as processing payments, resolving suppliers/customers inquiries and managing ongoing monthly activities e.g. month end accruals, reconciliations, etc. Hands on processing as needed. Assist with month end and year end accruals, postings alongwith proven track record of payable appearing in the balance sheet of the company. 4 ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ FIXED ASSETS Ensure compliance to capitalization policy. Dealing with capitalization, disposal and deletion issues. Counter Check / Monitor the verification of fixed asset. Setting the strategy for Asset and Liability Management, putting in place policies and procedures for effective ALCO management and reporting. Implementing an assets and liabilities strategy (gapping) that optimizes the company’s return, in accordance with the ALCO’s guidelines/recommendations. Strong knowledge of balance sheet management. AUDITS/ CERTIFICATIONS Coordination with statutory auditors in respect of Modaraba’s half yearly/ & annual audits, system audit of brokerage house. Coordination for obtaining certification from external auditors for regulators. Responding to the Management Letter issued by the external auditors. Follow up of IFRS and Companies Ordinance Disclosure and other requirements. Financial Statement underlying schedules compilation. Coordinator of Internal Audit. TAXATION Coordination with tax consultant for preparation and finalization of annual tax returns of Modaraba and its Management Company as well as its associated concerns. Authentication/supervision of e-filling of annual tax returns/ annual and quarterly statements of WHT and sales tax. Dealing with tax matters relating to Company’s employees. Coordinating with tax consultants for taxation matters (including day to day tax issues, obtaining tax opinions, assistance in the preparation of appeal documents and other matters). Ensure timely withholding tax payments. IT Support • Supporting in managing & monitoring IT Projects and Resources as a financial advisor. • Identifying current and potential IT requirements. • Managing IT Assets (Hardware / Software) and fixed assets cost. • Research and recommend innovative, and where possible automated approaches for system administration tasks. Identify approaches that leverage our resources and provide economies of scale. • Develops specific goals/ideas and plans to prioritize, and accomplish work. ACADEMIC & PROFESSIONAL QUALIFICATIONS: • • • Master of Business Administration (MBA) Finance - University of the Punjab Sept. 2004. Master of Commerce (M.COM.) Finance University of the Punjab, August 2002. Bachelors of Commerce (B.COM.) University of the Punjab 2000. PROFESSIONAL SKILLS & HANDS ON EXPERIENCE: Ms Office 2010 (Word, Excel, Power Point,) SAP ERP Oracle 5