Basit A.

Experience

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  Deloitte

  Sept 2014 - Mar 2015

  Assistant - Fraud Investigation & Dispute Services at Deloitte

  Responsibilities:• Direct reporting to Senior Manager regarding Client Documents• Prepared report on facts findings that evidence obtain from client• Sharing ideas with team at complex matters• Maintaining files in systemic manner and organize documents• Discussed results concerning identified exceptions and other details of the audits and investigations. • Ensured to adhere to company and government procedures and policies. • Verify the accounting records of the companies. Checked fund movements. • Managed to trace the ownership of assets. • Monitored and audited the transactions conducted between the companies and its representatives. • Identified companies misallocations or improper recording of assets purportedly held by them. • Assisted with trial preparation and testified the work performed by the investigator. • Reviewed the accounting records of the companies. Managed to trace the ownership of assets. • Confirm if the organization's documents present a true picture of the; organization’s finances• Report any transactions that displays illegal, fraudulent activities• Make certain the statements display true, complete, reliable and legal information• Verify the assets and liabilities statement, cash flow trends and total income reports• Study the financial documents and check accuracy and completeness within the contents• Find out any miscalculations, omissions or over estimation from the accounting statements• Read organization's data to compute any instances of data manipulationStudy the accounting statements and verify the amount of profits, assets and liabilities Show less

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  ERNST&YOUNG

  Apr 2015 - Aug 2018

  Senior Business Risk Consultant

  While working in Ernst and Young (EY) Pakistan as a Senior Internal Auditor / Senior Risk Consultant, reporting to the Managers and my job responsibilities were to carry out the following activities:- Conducting meetings and discussions to understand business objectives as well as management needs and expectations.- Perform test of controls, analytical & substantive procedures during the audit process.- Evaluating effectiveness and efficiency of financial and operational internal controls system.- Perform special assignments such as fixed asset tagging , Third-Party Validation and supervise cash/ stock count- Drafting reports including internal audit reports and reports for special projects.- Discussing the audit observations with client’s management & agreeing on action plan & time-lines for incorporating the audit recommendations.INTERNAL AUDITS:Audited the following key processes (end to end) for multiple clients:► Sales and Receivables► Marketing (incl. media buying agency audit),► Procurement to Pay,► Production & Inventory Management (including costing and valuation),► HR & Payroll,► Compliance and regulatory reviews.MAJOR CLIENTELE INCLUDE:Pharmaceutical:- Pfizer pvt- Wyeth plcFMCGs:- Nestlé- Gillette Pakistan Ltd. (Subsidiary of P&G US)Textile/Fashion Retail:- Feroze1888 Mills Ltd. non-governmental organizations:- UNICEF- USAID - World Bank(MDT)- UNDP Media and Advertising Agencies:- Qmobile Show less

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  EY

  Dec 2018 - Mar 2019

  Assistant Manager - Global Compliance and Reporting (GCR)

  Team Lead at client L'oreal Pakistan (Pvt) Ltd. looking after the following activities-Responsible for daily accounting operations including accounts payable/receivable postings, payments, managing bank positions, reconciliations, sales postings, aging, developing healthy relationships with business partners etc.-Actively supervising team through planning, execution and finalization of deliverables.-Involved in reviews, validation of routine deliverables like management reports, special assignments and other varied special nature engagements.-Actively involved in client’s monthly reporting process which includes intra-group payable position reporting, PnL Balance sheet and cash flow reporting.-Liaising with client’s management and team management for preparation, improvement and monitoring of financial accounting operations, business processes and related information systems.-Assisting clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives of regulatory authorities.-Coordination with the external audit team to expedite audits.-Representing the team in resolving the queries raised by the group internal auditors-Evaluating internal control systems, identifying weaknesses therein and suggesting creative recommendations to management for correcting unsatisfactory conditions, improving operations, and reducing cost.-Establishing and maintaining positive business relationships within the team members, clients and other stakeholders.-Working independently on clients in routine accounting services including monthly reporting at initial stage. Show less

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  EY Ford Rhodes (a member firm of Ernst & Young Global)

  Apr 2019 - Aug 2019

  Senior Consultant

  • Corresponds with other departments, including marketing and production, to understand business practices and new projects,and communicates the tax implications of all business practices to senior company managers• Maintains and updates working knowledge of tax laws and regulations, including new filing practices, deadlines, and anycompany-specific information• Develops strong relationships with clients, including understanding their business practices and specific tax information needs• Responsible for preparing timely Indirect Tax returns, in line with legal requirements for filing, along with all related analysis,reconciliations,• Responsible for organizing and maintaining books and records as required under local legislation, and for supporting anyinspections and audits Show less

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  National Logistics Cell (NLC)

  Apr 2021 - Nov 2023

  Assistant Manager Financial Reporting
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  Onic Pakistan

  Nov 2023 - now

  Manager Financial Reporting

  • Responsible for preparation E& Group Financials according to the International Financial Reporting • Standards (IFRSs) on monthly, quarterly, half yearly and annually and other financial information for review of higher management.• Liaison with subsidiaries/associates to prepare Group’s statutory reporting requirement monthly, quarterly, • half-yearly, and yearly reporting pack in a timely manner.• Submission of Financial information and consolidated monthly results to Etisalat -UAE by using the HFM (Hyperion Financial Management) and HP (Hyperion Planning) module.• Coordination with the external auditors for the execution of annual audit and half-yearly review.• Manage projects in connection with consolidation and reporting initiatives, lead and contribute to internal projects such as updating the consolidation reporting processes on ERP software and improving the closing and planning processes.• Performing various ad hoc projects, analyses and responsibilities assigned by higher management.• Leading the monthly group management reporting with variance analysis on key business drivers • and ensuring submissions to Group reporting timelines.• Manage and document the consolidation-related activities to ensure internal controls • compliance/relevance, complexity reduction and process flow improvements, and system/application • enhancements.• Participate in the ongoing development and establishment of operational strategies including the review and implementation of process and system changes. Show less