Farrukh Ahmed - CPA

Experience

• 

  Artistic Milliners

  Mar 2001 - Jan 2005

  Asst. Finishing Manager
• 

  Indigo Textile Pvt Ltd

  Jan 2005 - Feb 2007

  Finishing Incharge
• 

  Faysal Bank Limited

  Feb 2008 - Jun 2014

  Cost Control Officer

  •Responsible to prepare monthly & year to-date Cost Report, of BU Segmentation and Profit Center wise Which is being used as a base file for all the onward computations, i.e. segment results, trend analysis & other comparative analysis.•Responsible for provide cost to Business Unit’s Head of General Service Department & information Technology Department Managed allocated cost - after run allocation of the cost on the basis Sq Feet, and PC’s with direct cost of Contract (Maintenance, License etc)•Coordination for Provide SF Cost to Lead Business with Water Fall Impact of Support Function Cost as per SLA. •Extensive involvement on cost reduction project for GSD and RBG and tracking of cost reduction targets.•Fully involved for preparation annual budgeting and forecasting processes for management review.•Coordination for Implement cost allocation methodology and automated allocation process with IT•Carry out fortnightly review of transactions, in order to ensure the accuracy and correctness of data, and initiate to rectify the errors, if any. •Make consolidate reports for business analysis as per requirement or exceptionally needs.•Responsible for provide data to profit center owner according to the requirement. Show less

• 

  United Bank Limited

  Jan 2014 - Jan 2015

  Business Analyst

  • Financial Analysis/Projections. • Planning, Budgeting & Forecasting • Month end reporting reconciliations. • Fixed Assets Management • Management Information Reports • Ad Hoc Reports for Business Review.

• 

  United Bank Limited

  Sept 2015 - now

  In my current role, I am directly reporting to Head of Finance (International) and my major responsibilities include:• Preparation and analysis of monthly MIS reports for core businesses, including corporate and retail banking;• Acting as a finance business partner for corporate and retail banking business teams, thereby providing them reporting insights, analysis and performance dashboards (KPIs);• Preparation and analysis of peer banks performance, comparison of key performance metrics related to deposits, advances and treasury functions;• Reporting of customer profitability to various business units to facilitate decision making;• Preparation of periodic financial reporting packs for difference business segments (corporate, retail, treasury, financial institutions group and remittance group);• Preparing annual segment-wise budget and periodical forecast as and when required by senior and executive management;• Preparation of Assets and Liability Committee report (ALCO) for senior management to facilitate the liquidity risk management decisions;• Reporting of Asset Quality, NPL and deposit positions on periodic basis; • Preparation of variance analysis and comparison of actual data with budget for senior management;• Create monthly transfer price rate on based EIBOR & Data base of the business, and apply in business profitability report; and• Submit monthly cost pack for Head of International showing variance analysis & delineate cause of deviation from budget. • Quarterly reporting of IFRS 9 including classification and measurement, review of SICR criteria and post model adjustments. Show less

  • Assistant Vice President - Finance Manager

    Apr 2023 - now

  • Finance Manager

    Sept 2015 - now