Hafiz M Umer Farooq

Experience

• 

  The Universal Insurance Company Limited

  Jul 2008 - Sept 2008

  Internee

  Underwriting Of Incoming Proposals Premium Rating analysisRenewing previous Business To have complete Liason with Claims and Finance Department

• 

  The Universal Insurance Company Limited

  Mar 2010 - Jun 2010

  Assistant Accountant

  I was involve in Making Monthly Bank ReconciliationsBalance Sheet ReconciliationsManaging the Event Registration ProcessTo receive and process all invoices, expense forms and requests for payment.Verify calculations and input codes in to the Accounts system in an accurate manner.To maintain and reconcile the Direct Debit mandates.To deal with daily transactions for the petty cash and ensure that reconciliations are completed on a weekly basis.To ensure all filing is done in a timely and accurate manner.Prepare cheques for payment. Show less

• 

  Pak Elektron Limited

  Jun 2010 - Aug 2011

  Planning Officer

  •To initiate planning action ensuring effective support of materials for operations at agreed levels, thereby ensuring timely completion of maintenance inputs.•Frequent liaison with external suppliers and representatives, technical and non technical, in the pursuit of optimising the inventory. Regular reviews of the inventory, component failure rate analysis and supplier performance.•To ensure the long and short term planning requirements of materials in conjunction with the receipt of OrdersTo Assist Procurement Officer in accounts Related MattersMonitoring of Inventory Levels of Switch GearPre and Post costing analysis of on going ProjectsMonitoring and Analyze Import ShipmentsTo Insure all documentations of Switch Gear as per ISO standards Supplier Assessments as per ISO standardsTo have complete Liaison with import logistic departmentEnsure the Shipments deadlines through follow up Coordinate with Foreign procurement department to ensure timely Shipments and LC arrangements Show less

• 

  Government of the Punjab

  Aug 2011 - Nov 2019

  I am responsible for planning, examining the accuracy and completeness of records and procedures for internal control to safeguard Government assets and ensures that all procedures are in compliance with Government policies, regulations and laws.To Reports audit findings and recommendations to mitigate risk directly to the Director AuditPerforms supervisory duties of department staff, coordinates staff for coverage in all related areas of the department.To lead a portfolio of audits, ensuring effective planning, execution reporting and clearance of audit workTo gather information by meeting people at all levels across the Government departments, and to report findings and discussing and agreeing recommendations with managementTo ensure that a best practice approach is taken to all audit workTo perform and report on follow-up reviews of audit recommendations with divisional managementTo assist in the identification of key risk areas within the business and contribute to the forward audit planAttending meetings with auditees to develop an understanding of business processes;Researching and assessing how well risk management processes are working and recording the results using software’sTo provide ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions;Agreeing recommendations with relevant staff members to make improvements to operations and helping to secure backing for them in meetings;Preparing reports to highlight issues and problems and distributing the reports to the relevant people;Managing a variety of stakeholders and their expectations through regular communicationsEvaluating and providing reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organisation's objectives and goals to be met Show less 􀂃Responsible for auditing and correcting internal inventory issues and communicating recommended corrections to the inventory manager also performing the following duties:􀂃Performing Inventory audits and Investigates & resolved inventory discrepancies.􀂃Reconcile physical inventories with computer counts and maintaining stock rotation􀂃To ensure the integrity and accuracy of the physical inventory and report in a timely fashion􀂃To Keep inventory records accurate so the data in the system reflect what is physically sitting on the shelf􀂃 Run a series of inventory reports on daily, weekly, or monthly basis and perform detailed analysis of itemperformance.􀂃 Develop accurate, consistent, and enhancements to the inventory reporting structure.􀂃 Identify ‘heavy’ and ‘low turn’ inventory items and maintain communication reports for sales team.􀂃 Perform inventory adjustments (quantity and price variance analysis)􀂃 Perform visual validation of received merchandise to description and package details from original purchase order.􀂃 Manage the RTV (Return to Vendor) process. Includes item documentation - tracking, adjusting / destroying.􀂃 Input product description information in current inventory and internet systems.􀂃 Maintenance and accountability for high levels of customer service (internal and external)􀂃 Perform in a manner consistent with Government of the Punjab Vision, Mission Statement and Operating Principles Show less

  • Audit Officer

    May 2012 - Nov 2019

  • Inventory Supervisor

    Aug 2011 - May 2012
• 

  Punjab Information Technology Board

  Aug 2014 - now

  I am responsible for Ensuring that that public business is conducted in accordance with the law and proper standards, and that public money is safeguarded and properly accounted for, and used economically, efficiently and effectively.• Obtaining presentations from management on important matters.• Putting in place systems of internal control which contribute to the lawfulness of transactions• Preparation of accounts that present fairly the financial position of the body in accordance with applicable laws, regulations and accounting policies• Preparation of working papers for Departmental Accounts Committee (DAC), Special Departmental Accounts Committee (SDAC) & Public Accounts Committee (PAC) meetings • To keep liaison with office of Director General Commercial Audit in light of raised observations • Identifying areas of potential efficiency improvements and any gaps in controls and making practical recommendations.• Overseeing Legal Department and involved in devising strategies for civil cases. • Proposing measures to optimize the department legal position that reduce its risk exposure.• Overseeing procurement processas per PPRA Rules and Finance Act.• Reviewing legal and Internal Controls and develop an early warning system to detect non-compliance.Besides, all this I am also handling day to day affairs of Arfa Software Technology park related to tenants like finalization of lease agreements, tenant responsibilities and in-house rules • Maintaining financial Accounting system and recently Launched Centralized Online Portal for Tenants• Investigation and respond to complaints made by or about tenants and take corrective action as required• Liaise with other organizations about tenant issues and concerns. Show less

  • Assistant Director (Audit)

    Aug 2011 - now

  • Assistant Director (Audit)

    Sept 2016 - now

  • Senior Audit Officer

    Aug 2014 - Aug 2016