Ashfaq

 Directed Financial Operations: Oversaw all accounting functions, ensuring strict compliance with IFRS, GAAP, and internal policies to maintain the accuracy and integrity of financial data.  Led Month-End Closing: Managed the General Ledger closing process, driving the preparation, review, and validation of accruals and journal entries to ensure financial completeness and precision.  Ensured Financial Accuracy: Monitored and approved bank reconciliation reports, ensuring alignment between financial records and bank transactions for optimal accuracy.  Supervised Asset Management & Compliance: Oversaw the management of prepaid accounts, provisions, fixed assets, and depreciation schedules, ensuring compliance with statutory requirements and best practices.  Optimized Payable Functions: Developed and enforced accounts payable frameworks, reviewed supplier statements, and reconciled vendor accounts to ensure timely payments and cost control.  Governed Cash & Credit Transactions: Ensured seamless execution of daily cash sales and credit operations, resolving discrepancies promptly to maintain financial discipline.  Aligned Budgeting with Strategy: Collaborated with cross-functional teams to guide annual budget preparation, ensuring alignment with organizational objectives and timelines.  Ensured Regulatory Compliance: Led the preparation and submission of tax computations and VAT returns, ensuring full compliance with local regulations and mitigating risks.  Delivered Financial Insights: Provided accurate financial reports and actionable insights to support executive decision-making, fostering transparency and financial accountability across the organization. Achievements:  Successfully reduced month-end closing time through the implementation of efficient accounting processes and enhanced team collaboration.  Improved accuracy in financial reporting, resulting in reduction in discrepancies identified during audits.  Enhanced vendor relationships by streamlining the accounts payable process, leading to improved payment terms and discounts.  Played a pivotal role in the successful implementation of a new financial reporting system, resulting in increased efficiency and data accuracy.  Recognized for exceptional performance with the Employee of the Month award for consistently exceeding departmental goals.  Developed and maintained comprehensive financial models that supported strategic decision-making, leading to improved forecasting accuracy and resource allocation.  Collaborated with cross-functional teams to streamline financial processes, resulting in reduction in operational costs. Role as Assistant Accountant:  Preparing detailed bank reconciliation and cash flow statements to provide insights into the organization’s financial health and liquidity.  Managing petty cash transactions and scrutinizing employee expense submissions to ensure compliance with company policies.  Monitoring incoming payments from accounts receivable and outgoing payments from accounts payable to maintain optimal cash flow.  Evaluating financial operations to recommend best practices, identify inefficiencies, and strategize solutions to enhance organizational performance.  Contributed to improvement in cash flow management through diligent monitoring and reporting of financial transactions.  Assisted in the successful implementation of a new expense management system, resulting in reduced processing times and improved accuracy.

Entered purchase and sales invoices into the accounting system, ensuring accuracy and compliance with applicable financial regulations.  Oversaw petty cash transactions, maintaining precise records of all cash disbursements to uphold financial integrity.  Compiled bank reconciliation statements to confirm the accurate representation of financial transactions in the organization's accounts.  Assisted the senior accountant with various financial tasks, including payroll processing and tax return preparation, ensuring compliance with relevant regulations.