Abdul Hafeez

Experience

• 

  United Refrigeration Industries Limited (Dawlance)

  Nov 1996 - Dec 2007

  Accountant/Oracle Financial Key User

  Accounts and Finance---------------------------------Financial & Management reporting monthly/annually.Managed accounts payables and receivable of the company including petty cash payments/receipts as well as salary disbursement.Reconciled general ledger including sub-ledgers.Processed Insurance claims & settlements.Salary taxation & related reporting/statements.Sales tax Input/output reconciliation and related reporting.Costing & Budgeting------------------------------Product costing of various design & versions of refrigerators.Maintained production data including units & hours, average rates to calculate overhead rates.Calculated landed cost of imported material.Budgeting, periodic variance analysis & reporting.Oracle ERP------------------Being a key user of Oracle Financial I;Managed opening of GL accounts, suppliers, customers.Managed opening of customers & suppliers.Reconciled of Sub ledgers v/s General Leger.Trained Users of Accounting personnel. Show less

• 

  Renfro Crescent (Pvt) Limited

  Jan 2008 - Aug 2010

  Deputy Manager Accounts/ERP

  Financial reporting in compliance with IFRS & Management reporting.Managed accounting & treasury operations through oracle financial R-12 & finance and accounting team.Prepared & Implemented policies & procedures to ensure accounting & financial controls.Ensured & monitor accounting of complete business process from credit to cash, procure to pay, fixed assets, perpetual/online Inventory & purchasing systems, payroll & long & short term borrowings, finance leases, mark-ups, taxation, accruals, provisions and etc.Fixed Assets Management.Risk coverage in insurance, settlement of claims & etc. Taxation & coordinated in related reporting to FBR.Coordinated in processing of exports rebates, sales tax refunds, & related reporting to FBR.Coordinated in different long & short terms borrowings, finance leases in relation to principle repayments and mark-ups calculations.Managed complete cycle of annual audit by KPMG. Costing & Budgeting------------------------------Product wise costing.Stock in trade valuation & NRV testing.Budgeting & periodic variance analysisEnsured & monitor weighted average rates of import & local.Oracle ERP------------------Identify/explore the functionality can be used to improve quick management reporting & reduce operation time cycle.Configure/update oracle financial (AP/AR/CM/FA/GL).Coordinated in managing customized Purchasing & Inventory system with IT professionals. Show less

• 

  Cresox Private Limited

  Sept 2010 - Jun 2014

  Sr. Deputy Manager Accounts/ERP

  Accounts and Finance---------------------------------Financial reporting in compliance with IFRS & Management reporting.Manage accounting & treasury operations through oracle financial R-12 & finance and accounting team.Prepare & Implement policies & procedures to ensure accounting & financial controls.Ensure & monitor accounting of complete business process from credit to cash, procure to pay, fixed assets, perpetual/online Inventory & purchasing systems, payroll & long & short term borrowings, finance leases, mark-ups, taxation, accruals, provisions and etc.Fixed Assets Management.Risk coverage in insurance, settlement of claims & etc. Taxation & coordinate in related reporting to FBR.Coordinate in processing of exports rebates, sales tax refunds, & related reporting to FBR.Coordinate in different long & short terms borrowings, finance leases in relation to principle repayments and mark-ups calculations.Manage complete cycle of annual audit by KPMG. Costing & Budgeting------------------------------Product wise costing.Stock in trade valuation & NRV testing.Prepare budget & periodic variance analysis, ascertainment of potential loopholes in various departments or cost centres.Ensure & monitor weighted average rates of import & local purchases as well as landed cost analysis.Oracle ERP-----------------Managing Oracle ERP applications of company in collaboration with IT team.Configure/update following oracle applicationsOracle Financial (AP, AR, CE, FA & GL) including E-Business Tax.Oracle Inventory, Purchasing & Cost Management.Oracle HRMS & Payroll (limited to accounting) .Oracle BI modules of oracle financials, inventory & purchasing.Identify the customized report required; ensure its deployment. Show less

• 

  Al Rahim Textile Industries Ltd

  Jun 2014 - Nov 2015

  Manager Accounts

  Manage Accounting operations including Receivables, Payable, Bank Reconciliations, Fixed Asset Register, General Ledger & etc. Management & Financial ReportingReconciliation of Legacy v/s EBS (AP/AR/CE/FA & GL)Reconciliation of Subledgers (modules) v/s General Ledger of E-Business suiteAnalyse/Identify post-implementation issues of E-Business Suite and advise its resolutionIdentify any customized report for efficient reporting

• 

  Cresox Private Limited

  Nov 2015 - Mar 2017

  Manager Accounts
• 

  Siddiqsons Industries

  Apr 2017 - now

  Head of Accounts & Finance
• 

  Siddiqsons ECOMM Pvt. Ltd

  Apr 2017 - now

  Head of Accounts & Finance
• 

  Salitex

  Feb 2024 - now

  Chief Financial Officer

  Lead the finance department for a leading fashion retail and e-commerce company.Managing financial reporting, budgeting, and ERP system implementation (Odoo ERP).Ensuring tax compliance and Tax Management , and collaborating with internal/external auditors for timely financial audits.Spearheading system integrations, including financial, retail, and POS processes.