Arif Ali Soomro, FCMA

Experience

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  Procter & Gamble

  Mar 2010 - Jun 2011

  Project Accountant

  Dynamic Project Accountant with a standout tenure at P&G Pakistan (Pvt) Ltd from March 2010 to June 2011. Successfully spearheaded the capitalization of a new plant, demonstrating expertise in Project Progress Costing, Variance Analysis, and expense management within 5% of the budget. Adept at implementing effective procurement planning, inventory verification, and conducting liquidity risk analysis, providing key recommendations for financial risk mitigation. Proven track record in verifying invoices, reconciling payment plans, and conducting auditing reviews to ensure compliance with internal controls. Show less

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  Lu Lu Travel Inc

  Jan 2012 - Oct 2013

  Accountant

  Accomplished Accountant with a successful track record at Solar Empire Travel, Dubai (January 2012 to October 2013). Specialized in finalizing accounts, managing payables and receivables, overseeing payroll via WPS, and implementing robust internal controls for efficient financial operations and international business cash flow management.

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  Lu Lu Peaceful Tourism L.L.C, Dubai

  Nov 2013 - Aug 2017

  Accounts Manager

  During my tenure as Manager Accounts at Lulu Peaceful Tourism L.L.C. in Dubai from November 2013 to August 2017, I played a pivotal role in overseeing company operations and addressing regulatory matters. My key achievements include effectively managing key accounts to enhance customer satisfaction and bolster the company's reputation. I demonstrated proficiency in financial management by creating comprehensive projections and budgets, providing detailed monthly, quarterly, and yearly reports. Ensuring seamless financial transactions, I implemented a robust payment process to prevent double payments and ensure timely disbursement to suppliers via CHQs, Cash, and EFT. My responsibilities extended to managing cash flow, conducting reconciliations, and overseeing debtor management. I also successfully handled visa applications and monitored funds while developing an internal control system to prevent fraud and ensure policy compliance. Throughout my tenure, I maintained a commitment to ensuring compliance with regulatory policies, contributing to the overall success and stability of the organization. Show less

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  JCM Power

  Jul 2018 - Sept 2022

  Assistant Manager Finance

  Results-driven financial professional with a proven track record in steering comprehensive financial strategies and ensuring regulatory compliance. My expertise lies in generating and presenting detailed Monthly Financial Reports, Executive Summaries, and Dashboards tailored for both Management and the Board of Directors. I have successfully spearheaded budgeting initiatives, conducted meticulous variance analyses, and proactively identified and addressed control weaknesses, implementing effective measures to mitigate potential issues. Adept at developing and compiling board decks for Quarterly Audit Committee and Board Meetings, I have played a key role in facilitating informed decision-making at the highest levels. My proficiency extends to efficiently managing payroll, WHT, PF & EOBI processing, and overseeing the seamless preparation and submission of monthly and quarterly tax returns, quarterly advance tax, and annual tax returns. I have also established, audited, and managed WPPF & PF, ensuring unwavering compliance with regulatory standards. With a commitment to upholding regulatory compliance across diverse domains, I bring a comprehensive skill set and a results-oriented approach to financial management. Show less

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  Naveena Group

  Sept 2022 - now

  Finance Manager

  As the Finance Manager at Lakeside Energy, a 50MW Wind Power Plant in Sindh, Pakistan, I play a pivotal role in steering the financial success of the organization and contributing to the global clean energy initiative. Directly reporting to the Chief Financial Officer, Group Chairman, and Board of Directors, I have achieved significant milestones, including orchestrating the successful capitalization of a USD 65 million project, subjecting it to rigorous scrutiny through a Big 4 audit. I have successfully secured a substantial working capital facility, managed timely payments for foreign and local debts, and ensured compliance with regulatory bodies such as NEPRA, CPPAG, and the State Bank of Pakistan. Through meticulous financial reporting, effective cash flow management, and strategic oversight of payroll and tax matters, I have played a key role in achieving a cost-saving of millions of rupees. My dedication to financial excellence and compliance has been instrumental in Lakeside Energy's commitment to reducing global carbon footprint and combating climate change. Show less