Raheel Haroon

Experience

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  Nice Travels & Tours

  Mar 2005 - Jan 2010

  Senior Accountant

  • Maintaining basic accounts, book keeping• Reconciliation of Bank statements• Ledger entries, journal entries• Customer relations• Invoice entries and cross checking• Prepared and analyzed financial statements• Implemented new accounting procedures and processes• Preparing sales invoices & the upkeep of an accurate accounts filing system.• Preparation and input of month end journal vouchers. • Inputting, matching, batching and coding of invoices. • Debtor and Creditor reconciliations• Preparation of various reports for senior managers.• Responsible for financial accounts including budgets and cashflow.• Supervising junior financial staff. • Conducting regular business reviews of financial performance.• Proactively identifying business improvement opportunities.• Fixed Asset accounting, reconciliations and depreciation journals.• Ensuring that information is accurately collated & entered into systems.• Preparation of bills• Weekly invoice and expense claim payment runs.• Assist in the preparation of monthly balance sheet account reconciliations. Also Extra Skills related with Travel Agency Work and still doing as a free lance B2B • Determining clients’ needs and suggesting suitable travel packages• Supplying travelers with pertinent information and useful travel/holiday materials• Organize travels from beginning to end, through booking tickets and accommodation, securing rental transportation etc.• Create and update electronic records of clients• Maintain relationships with key persons• Keep financial statements and documents for visas. Show less

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  Allied Bank Limited

  Mar 2010 - Sept 2014

  OFFICER

  • Primary duties include looking after the interest of the customers, receiving various kinds of cash deposits, recording the inflow and outflow of cash payments. Maintaining the daily account of cash withdrawl from the vault. Handle other kinds of bonds and financial products etc• Responsible for making MIS for Branch A/c-opening volume, returns type for KRI (Key Risk Indicator).• Analyses of issue raised and recommend solutions to improve overall team performance.• Verification of amendments, welcome letters, and reports generated from T24 Temenos system.• Responsible for Identify PEP A/c. (Political Exposed Person) and send detail for world check inquiry in Compliance department.• Coordinate with branches to inform the A/c number of their customers.• Coordinate Call centre to resolve quires about ATM Cards and online banking.• Coordinate with I.T department for Net work issue, E-mail configuration, and system configuration. • To take a part in Branch Inward Clearing processing in the area of following• Signature Verification• Batch Acceptance• Transaction Authorization Show less

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  JAS Travel Group

  Jan 2013 - Sept 2019

  B2B CONSULTANT

  • Determining clients’ needs and suggesting suitable travel packages• Supplying travelers with pertinent information and useful travel/holiday materials• Organize travels from beginning to end, through booking tickets and accommodation, securing rental transportation etc.• Create and update electronic records of clients• Maintain relationships with key persons• Keep financial statements and documents for visas.• Umra Packages.

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  South City Hospital (Pvt.) Ltd.

  Oct 2014 - Dec 2015

  Account Executive

  Was associated as an Accounts Executive with following responsibilities:• Account for Revenue from In-patients and outpatients, emergency, pharmacy medicines, entries posting. • Prepare revenue reports on monthly basis in respect of doctor wise revenue and revising such revenue packages.• Account for consultancy charges of consultants i.e. daily visits charges, surgeon fee, and anesthetic fee etc.• Account for the billing advances, accruals posting, bank reconciliations and expense recording.• Assist Manager Finance in preparation of Financial Statements and resolution of audit queries. Show less

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  Olivia Cosmetics, Maskatiya Industries (Pvt.) Ltd

  Jul 2016 - Jun 2020

  Finance & Taxation Manager

  Associated as a Finance and Taxation Manager with following responsibilities:• Preparation of Budgeted and Forecasted Financial Statement.• Monitored and maintained financial books, ledgers and statements.• Monitored the expenditure and financial performance• Ensured all taxes were paid• Preparation of company Financial Statements in accordance with the relevant IFRS on a monthly as well yearly basis.• Preparation & Filing of Sales Tax SRB, PRA & Federal Excise Return along with supportive workings and annexes.• Supervision & Handling of Import Consignments.• Timely Execution for monthly withholding tax & quarterly advance tax payments.• Co-ordinate and dedicate tasks & responsibilities to office colleagues in capacity of team leader.• Treasury Management.• Maintaining vendor accounts, generating daily on demand cheques.• Preparation of Reconciliation statements for company’s bank accounts.• Ensuring to compliance with accounting deadlines.• Exclusively workings for execution of External Audit.• Maintaining monthly payroll functions for 200+ employees.• Managed cash, payroll, procurement processes, and asset registered• Submission for E.O.B.I. and S.E.S.S.I. payments.• Liaised with auditors, bankers, Clearing Forwarding Agent, Insurers and Lawyers regarding all Legal and Financial perspectives.• Drafted executive analysis reports highlighting business issues, potential risks and Profit opportunities.• Monitored all Directors Wealth and Income Tax return from preparation to submission. Show less

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  AJCL

  Aug 2020 - Aug 2022

  Group Assistant Manager Treasury , Taxation & Sec Matters

  My responsibilities at AJCL PVT LTD were broadly categorized in given these areas: Communication with financial institutions to arrange financing (Rs. 1billion plus) for the business, working capital requirements were fulfilled through following types of financing from leading Banks.PROJECT FINANCE FACILITYPreparation of financial projections, draft loan covenants and various other documents required in compliance with requirements of debt covenants, State Bank of Pakistan and Securities and ExchangeCommission of Pakistan regulations. Preparation and review of annual renewal documents e.g., BBFS, request letters, charge creation and vacation documents, hypothecation or pledge related documents,stock reports etc.• Preparation of cash budgets and forecasts to identify future debt requirements or investment opportunities for surplus funds after dayto-day loan disbursements and adjustments.• Import Finance (Sight & Usance L/C, CIF Pledge)• Conventional Banking Financing (Running Finance, Cash Pledge Finance)Insurance Compliance and OperationsWorks with the team in the General Insurance & Department to service existing and new clients.• Group portfolio management and insurance advisory services in termsof quotations, renewals and other requests.• Identify risk and insurance needs of and delivery of solutions.• Handle the renewal process including negotiation with insurers and completion of revnewals/placements..• Establish high-level prospect relationships, maintain closerelationships with re-insurer through dedicated and excellent service.• Identify and develop new business opportunities where possible andimprove renewal ratio.• Debt monitoring and collections of claimable insurance with Insurerand partner.• Gather market studies, feedbacks and take necessary action.Taxation and Sec MattersPreparation & Filing of Sales Tax SRB, PRA , KPRA & Federal Excise Return along with supportive workings and annexes. Treasury Management. Show less

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  Hub Leather (Pvt.) Ltd.

  Nov 2022 - Oct 2023

  Deputy Manager Finance

  HUB is a leading fashion brand established in 1983, known for pushing boundaries and exceeding expectations.Key Contributions & Achievements: Optimized cash flow: HUB reduced overdue invoices by 15% and also increased on-time payments by 10%. This helped improve their cash flow significantly. • Minimized bad debt: Implemented a system for credit assessment which led to a 20% decrease in bad debt while still keeping positive relationships with customers.• Efficient collections: Came up with automated reminders as well as personalized follow-up strategies. With these new things, they noticed a 25% reduction in outstanding payments in just one quarter.• Job Responsibilities and Daily Tasks: • Payment Reconciliation: In order to keep things accurate and consistent financially, they had to reconcile all incoming payments with their outgoing invoices.• Account Balance Verification: Making sure everything is good on an internal level so that financial relationships stay strong is key. They did comprehensive balance verifications with both external third-party entities and internal intercompany businesses.• Strategic Reporting: Developed individual Miscellaneous Management Reports using financial data tailored specifically for the Leadership Team’s informational needs. They used these reports to make informed, strategic decisions about their business. • Financial Analysis and Reporting: Conduct in-depth financial analysis, examining the company's financial data to provide insights and recommendations. Prepare comprehensive financial reports, including income statements, balance sheets, and cash flow statements, for decision-makers and stakeholders. • Budgeting and Forecasting: Collaborate with senior management to develop and manage the company's budget. Monitor budget performance and variances, adjusting financial plans as necessary. Create financial forecasts to guide future strategic decisions and resource allocation. Show less

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  Royal Classic Cables Pvt Ltd (RCC)

  Nov 2023 - now

  Manager Finance & Taxation

  Key Contributions & Achievements: •Managed financial reporting and accounting standards, ensuring compliance with industry regulations and best practices.•Oversaw accounts receivable, reducing outstanding dues and improving cash flow efficiency.•Developed and implemented sales incentive structures for the sales team, aligning rewards with business goals to drive higher performance.•Led a team of three finance professionals, fostering a high-performance culture through training and process optimization.•Streamlined billing and collection processes, reducing payment delays and improving working capital management.•Implemented cost control measures, optimizing procurement and operational expenses without compromising quality.•Ensured timely tax compliance, including accurate Withholding Tax (WHT) filings and reconciliation in line with FBR regulations.•Secured tax refunds, reducing financial liabilities and increasing net profitability.•Provided financial insights and forecasting, aiding senior management in strategic decision-making for business growth.Strengthened internal controls and risk management, minimizing financial discrepancies and ensuring regulatory compliance. Show less