Hussain Ali

Experience

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  Ernst & Young Global Consulting Services

  Nov 2005 - Mar 2009

  Senior Auditor

  My key responsibilities include: Leading large teams through planning, execution, completion and finalization stages of audit Engagement planning based on understanding of the entity and assessment of business and related audit risks Coordination with team manager to define the extent of planned audit procedures and to update on progress of the engagement Supervision, review and finalization of an assurance engagement including financial statements Liaison with client's management and communication of relevant matters to persons at appropriate level of responsibility Assisting clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with IFRS, local corporate laws and directives of regulatory authorities; and Establishing positive working environment by building solid relationships with team members, clients and other stakeholders Show less

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  Rehman Traders

  Mar 2009 - May 2009

  Manager Accounts

   Managing accounts department and reporting to Head of Distribution Implementation and updating Internal Control Systems. Preparation of Monthly, Quarterly, Half Yearly and Annual Accounts. Preparation of budget and estimates. Analysis of capital expenditures Supervision of timely preparation and disbursement of all payment instruments. Review reconciliation of supplier’s payables. Co-ordination with suppliers related to queries, payments and receivables against goods returned. Processes lease payments Physical verification of inventories Compliance with applicable laws and policies. Reviewing schedule of advances, inventories and others Performs month-end-closing procedures. Show less

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  Allied Bank

  May 2009 - Nov 2015

   Conducting Regular & Surprises Audits of branches working on Temenos (T-24) allover Karachi. Inspecting the working of branches according to Policies & Procedures of bank Conducting independent audits of bank records and activities. Investigate and determine causes of irregularities, and errors. Recommend corrective action and suggest improvement & Preparation of Audit Report. Discussed deficiencies and communicated risk exposures noted during audit with auditee to validate findings and obtain responses. Show less Working as an Budget Analyst in the 'Allied Bank Limited', my key responsibilities include: Compilation of Annual Operating expenses budget of entire bank including more than 1,000 branches and offices all over Pakistan. Making segment wise comparison of year-to-date actual expenses with budgetary limits locating variances. Scrutinizing expenses on a monthly basis identifying unusual balances / wrong postings and taking up the matter with concerned departments for timely rectification. Attending to requests from departments for reallocation / enhancements in operating expenses budget, ensuring that standard procedure of authorization / approval is follow. Preparing monthly expenses analysis by comparing actual expenses of prior periods and identifying changes therein. Also giving proper reasoning justifying increase or decrease in expenses in current periods. Coordinating with Human resource department for matters relating to staff salaries budget and actual expenses for reporting purposes. Monthly accruals and closing entries. Analysis of OPEX and variances. Transfer pricing of Centralized Operating expenses. Any other job entrusted by the Head Expenditure Division Show less

  • Internal Auditor

    Feb 2011 - Nov 2015

  • Budget Analyst

    May 2009 - Feb 2011
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  National Finance Co. SAOG

  Jul 2016 - Feb 2023

  Assistant Manager

  • Managed credit and collections team• Daily monitored company cash position to avail sufficient working capital for business operations.• Supervised accounting functions from accounts payable to payroll.• Strategized on foreign loan hedging and managed currency exchange risks.• Managed and monitored payments to import vendors.• Monitored daily banking activities to assist in cash forecasting.• Prepared daily bank reconciliation.• Preparing MIS reports for bank balances and fund position.• Managing credit facility documentations including quarterly covenant compliance and reporting. Show less

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  Engage CPA

  Mar 2023 - now

  Bookkeeper / Accounting Technician

  • Manage full-cycle bookkeeping for corporate and business clients accounts.• Maintained financial records, posted journal entries, and balanced accounts.• Allocated and post financial transactions to QuickBooks & Sage Accounting.• Prepared financial statements and corresponding notes.• Prepared working paper file using CaseWare, and Sage• Prepared personal and corporate tax returns.• Calculated and prepared cheques for payroll• Prepared year-end slips (T4, T5, T5018 etc.) for clients as needed.• Communicated with clients to get information as needed.• Undertook any other work assigned by the Partner. Show less