Syed Hyder

Experience

• 

  Swisstex Chemicals

  May 2012 - Sept 2012

  Finance Internee

  • Implementation of Oracle Fixed Asset Management Module

• 

  Nasir Mahmood & Company Chartered Accountant

  Oct 2012 - Feb 2014

  Auditor/Internal Auditor/Accountant

  • Highlighting weaknesses of the Accounting process & bringing forward suggestion to improve it.• Improving policies & procedures to eliminate chance of error or fraud and organization can run smoothly.• Pre-Auditing payment & receipt vouchers & reporting discrepancy• Preparation of Financial Statement under guidance of partner.• Updating Fixed asset schedule & registers• E-Filing of returns of FBR & SRB.• Managing Petty Cash fund of the firm.• Weekly. Fortnightly & monthly closing. • Making Client performance report. Processing refunds of clients & holding payments.• Ensuring proper compliance and investigating any deviation. Finding & rectifying errors• Checking & verifying receipts, cash vouchers & cheque payments. Show less

• 

  Mustaqim Dyeing & Printing Industries (Pvt.) Ltd.

  Mar 2014 - Nov 2014

  Senior Accounts Officer

  • Auditing the invoices & reporting discrepancies.• Daily Bank position report & weekly bank reconciliation• Managing the debtors of the Company and ensuring SOP regarding debtors are strictly followed.• Aging reports of Debtors• Filing reports of various assignments directly to Directors• Ensuring all internal controls are followed as per SOP, to eliminate any deviation from approved policy.• Highlighting weaknesses of the Accounting process & bringing forward suggestion to improve it.• Improving policies & procedures to eliminate chance of error or fraud so that organization can run smoothly.• Managing Petty cash fund• Maintaining the company’s Account Receivable Ledger, General Ledger & passing JVs• Post Audit of payment & receipt vouchers and reporting any discrepancies. • Stock taking of inventories Show less

• 

  Daraz

  Jul 2014 - Jun 2022

  • Managing E2E process of reconciliation to disbursement of more than 25k and 100k payments on weekly & monthly basis within SLA shared with sellers. • Managing & Analysing payable & receivable balances at month-end to ensure there are no aged balances in financials. Weekly & monthly vendor accounts & general ledger reconciliations.• Forecasting the weekly & monthly payables and payments for Retail & MP models for working capital purpose.• Reviewing & ensuring commercial finance-related GL are properly recorded during the month & complete accounting process is followed.• Drive innovation within finance team processes by creating & implementing new SOP to strive for continuous improvement. Iimplementing analytical analysis within the commercial finance team & highlight any shortcomings to calibrate corrective action• Supporting reporting team in preparation of financial statements & providing reasoning for unusual variation between financials & business plan.• Finance business partnering with all the relevant stakeholders by providing solutions and resolving their queries & driving new initiatives to improve seller experience.• Handling the E2E process for B2B & advertising and ensuring all receivables to ensure timely recovery of the outstanding amount.• Perform GAP analysis to identify improvement areas to increase EBITDA by focusing on Retail Margins & MP Commissions. Maintain comprehensive project documentation with PRDs and SOPs for finance-related projects.• Facilitating tax team in providing relevant data for tax notices but also ensuring Income tax & supervise the proper deduction of WHT from all payments.• Handling the daily operations to ensure retail invoices are paid as per credit terms after they are posted on ERP• Identify any unusual transactions of customers & vendors where daraz subsidy was misused & take corrective action. Show less • Managing Bi Monthly & monthly billing of vendors in Marketplace model which has more than 50000+ vendors and are gradually increasing.• Supporting reporting team in preparation of financial statements & providing reasoning for unusual variation between financials & business plan.• As part of regional commercial finance team assigned with training teams of other countries of daraz.pk venture.• Making new process and developing SOPs for efficient working.• Handling daily retail invoice processing and ensuring they are timely posted on ERP & paid as per credit terms• Resolving vendor payment issues and disputes to ensure payment are timely disbursed to the vendor• Reviewing & ensuring commercial finance-related GL are properly recorded during the month & complete accounting process is followed.• Maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities• Handling vendors tax deduction matters. Show less

  • Manager Commercial Finance & Payables

    Oct 2018 - Jun 2022

  • Assistant Manager - Commercial Finance & Payables

    Jul 2014 - Sept 2018
• 

  EZhire

  Jul 2022 - Nov 2022

  Finance Specialist - Payables
• 

  Bagallery

  Nov 2022 - Jun 2023

  Commercial Finance Manager & Payables
• 

  Kisaan Management Services

  Jun 2023 - now

  Sr Accounts Manager