Sameer Mahenti - ACA

Experience

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  Ernst & Young

  Jan 2005 - Jan 2009

  Audit Senior

  Primary responsibilities included:• Planning, performing and reviewing statutory audits of companies.• Evaluation of adequacy of the system of internal controls and recommending improvements.• Review of tax matters related to various clients.• Assessing business and audit risks, co-coordinating with professionals of various fields like legal, actuarial and information technology experts and decision making for resolution of critical reportable matters.• Providing ongoing advisory services to clients regarding compliance with Corporate Laws & Secretarial Practices including Code of Corporate Governance• Client relationships and quality of services.• Preparation of Financial Statements as per IFRS from the accounting records of clients.INTERNATIONAL EXPOSURE• Ernst & Young Kuwait (From 17TH January ’ 09 till 17TH March ’ 09) – On Secondment• Ernst & Young Jeddah (From 24th February 08 to 07th April 08) – On SecondmentNATIONAL EXPOSURE (Some major Audit Clients):• Unilever Pakistan Limited• Pakistan State Oil Company Limited • Pakistan Industrial Credit and Investment Corporation (PICIC)• PICIC Insurance limited• Securities and Exchange Commission of Pakistan (special assignment)• Pakistan International Containers Terminal Limited • Karachi International Containers Terminal Limited • Pioneer Cement Limited • K.S. Sulemanji Esmailji & Sons (Private) Limited (Kolson)• Jaffer Brothers (Private) Limited • Balochistan Wheels Limited • Port Qasim Authority Show less

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  Gatron (Industries) Limited - Official Page

  Apr 2010 - Dec 2011

  Deputy Manager Accounts and Finance

  • Managed working capital of the company, prepared financial budgets, designed different financial reports for presentation to company’s management, liaison with external auditors of the company, coordinated with suppliers and customers of the company, negotiated and dealt in with Banks.• Oversee the company’s ERP system for financial recording and reporting purposes.• Ensured company’s compliance with applicable laws, regulations and financial reporting standards.• Performed operational and process audits, developed reports and presented to top management.• Successfully implemented purchase module, inventory module and sales and marketing module in oracle based in-house developed ERP System. Show less

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  Novatex Limited

  Jan 2012 - Feb 2014

  Deputy Manager Group Internal Audit & Systems

  • Managed working capital of the company, prepared financial budgets, designed different financial reports for presentation to company’s management, liaison with external auditors of the company, coordinated with suppliers and customers of the company, negotiated and dealt in with Banks.• Oversee the company’s ERP system for financial recording and reporting purposes.• Ensured company’s compliance with applicable laws, regulations and financial reporting standards.• Performed operational and process audits, developed reports and presented to top management.• Successfully implemented purchase module, inventory module and sales and marketing module in oracle based in-house developed ERP System. Show less

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  Tesco Corporation

  Feb 2014 - May 2014

  Accounting Manager

  • Responsible for overall finance and accounts department of Saudi operations including monthly financial reporting, along with reporting of cashflow forecasts and revenue collection report to the Head Office of Tesco in Canada.• Managed the working capital of the company.• Performed physical verification of the company’s fixed assets and developed and updated the Fixed Assets register of the company in system.• Successfully implemented the module of revenue collection in system after some modification and improvements. Show less

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  Bonanza Garments Industries Pvt Limited

  Jun 2014 - Oct 2015

  Chief Internal Auditor

  • Led and managed the Internal Audit department of the whole company having Head Office and three garment manufacturing facilities in Karachi, 5 warehouses and around 100+ retail outlets across the country.• Developed and implemented Internal Audit Charter, Internal Audit Strategy, risk based internal audit plan.• Successfully implemented the improvement suggestions related to the production management, inventory management, fund management, cash management, retail management, warehouse management, waste management, procurement process and controls, human resource management and project management.• Successfully implemented Oracle EBS and Microsoft Dynamics as a team lead. Show less

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  Chaseup Shopping City

  Oct 2015 - Mar 2020

  Chief Internal Auditor

  • Led and managed the Internal Audit department of the whole company having Head Office in Karachi, 8 stores in Karachi city and 4 stores in different cities of Punjab province, with a team of total 22 individuals directly reporting to me.• Developed and implemented Internal Audit Charter, Internal Audit Strategy, risk based internal audit plan.• Planned and supervised various risk-based compliance audits, audits of fund and cash management, operational audits, physical audits of inventory, inventory management compliance audit.• Successfully implemented the internal controls improvement suggestions related to the inventory management process, fund management, cash management system, retail operations management, warehouse management, procurement process and controls, human resource management and project management.• Performed a role of evaluator in Oracle EBS and Retail Pro system implementation activity by monitoring and evaluating the project’s progress and reported and responded to risks identified and successfully implemented the corrective actions. Show less

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  Insight Securities - Pakistan

  Apr 2020 - May 2020

  Chief Financial Officer

  • Responsible for overall Finance and Accounts department of the company.• Steering the overall financial planning of the company.• Perform risk management by analyzing the company’s liabilities and assets.• Control and evaluate the company’s capital structure and sources of funds.• Managing the day to day cash flows of the company to meet the short term (Daily operational requirements) and long term (Future Investment reserves) requirements.• Developing and managing operational budgets of the company.• Negotiating and dealing with Banks for different financial arrangements. • Managing a smooth relationship with company’s vendors and customers.• Dealing and managing relationship with external auditors of the company.• Prepare reliable financial reports (current and forecasts both) for the strategic use of top management.• Overseeing the company’s ERP system for financial recording and reporting purposes.• Ensuring company’s compliance with applicable laws and regulations (including corporate laws, SECP requirements, Income tax and Sales Tax, Listing regulations etc)• Ensuring company’s compliance with applicable financial reporting standards. Show less

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  Soorty Enterprises Pvt. Ltd.

  Jun 2020 - now

  Head of Internal Audit and Systems

  • Led and managed the Internal Audit department of Mills Division which includes 2 units of Denim Mills, 2 units of Spinning Mills and 1 unit of Sewing thread with a team of total 14 individuals directly reporting to me.• Developed and implemented Internal Audit Charter and Internal Audit Strategy.• Performed overall risk assessment and developed and implemented Internal Audit Plan to address the risks identified.• Planned and supervised various risk-based compliance and operational audits and appraisal of internal controls function for efficiency and effectiveness.• Recommended the improvements in internal controls functions and processes on the basis of cost v/s benefit analysis.• Successfully implemented the internal controls improvement suggestions related to the system of production output monitoring, production costing, waste management, procurement process and controls, inventory management, power costing, human resource management, sales and dispatch process etc.• Performed a role of evaluator in ERP system implementation activity (Datatex System) by monitoring and evaluating the project’s progress and responding to any identified risks. I ensured that ERP consultants provided solutions that were tailored to the company’s specific requirements and adhered to internal controls and system integrity. Also reported significant observations, along with recommendations, identified in the implementation phase, in a timely manner, to the Management. Show less