Suhail Ahmed Memon - CMA

Experience

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  MGC & Co Chartered Accountants ( A member firm of Mazars International)

  Jun 2012 - Mar 2014

  Audit Trainee

  - Effectively provided audit & financial services to companies & individuals; helped in future financial planning by providing information & guidance on tax, insurance & investments; monitored & evaluated risk management- Worked diligently to establish accounting & internal control system; conducted walk- throughs of process & procedures. Checked policies & documentation; identified gaps & suggested recommendations regarding audit & internal controlsAudit Clients:- Apollo Textile Mills Limited- ASG Metals Limited- Karachi Chemicals (Pvt.) Limited- Mushko Electronics (Pvt.) Limited- Merhaba Aviation (Pvt.) Limited - Aero Aviation (Pvt.) Limited- Fly Fast (Pvt.) Limited - Mushko Printing Solutions (Pvt.) Limited- Patek (Pvt.) Limited - Scrutiny of Hajj Group Organizers - Dawood Industries (Pvt.) Limited - Dawood Corporation (Pvt.) - Gujrat Steel (Pvt.) Limited- Petroleum Packages (Pvt.) Limited - Gizri Corporation (Pvt.) Limited- Crete n Crete (Pvt.) Limited Show less

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  TCS E-COM (Private) Limited

  Dec 2015 - Jan 2016

  Finance Executive
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  FrieslandCampina

  Jul 2016 - Jan 2022

  • Handle Fixed Asset Register and to record bulky Fixed Asset Additions, Disposals and transfers.• Perform lease accounting and maintain lease register.• Monitoring Asset Requisitions, Asset Unblocking request and CWIP balances and ensure timely capitalization of Fixed Assets by coordinating regularly with department coordinators.• Responsible for monthly HFM reporting (foreign reporting) within the given timelines. • Coordinate regularly with department coordinators for fixed assets additions, transfers update in Mylife portal, Buybacks, Insurance claim.• Update Fixed Asset SOP and LOAM if there is any change.• Prepare quarterly Fixed Assets notes for accounts• Prepare quarterly Fixed Assets BAC presentations• Preparing monthly (5) proof sheets for all Fixed Asset related GLs being managed and operated at Head office.• Preparing quarterly (3) proof sheets for all Fixed Asset related GLs being managed and operated at Head office.• Timely co-ordination with External / Internal auditors, including timely resolution of key audit issues.• Analyzing and Monitoring of Fixed Assets general ledger balances, including their reconciliation with subsidiary accounts.• Bring automation and process efficiency.• Support and guide department coordinators for carrying out Asset disposals, additions and transfers.• Ensuring Annual count and tagging of assets once in a year as per approved SOP.• Monitoring current development of eAssets – Life portal improvements.• Review monthly depreciation charging including depreciation key testing.• To ensure compliance with ICF controls.• Monthly coordination with Insurance Executive to ensure that reconcile insurance terminations, new insured assets and insurance claims. Show less -Lead Development, implementation and upgradation of I2P portal which is an invoice automation project of General Accounting for company-wide payments.-Manage and Conduct company-wide training(s) of Invoice receivers, Buyers, PR initiators, Department coordinators, Invoice processors, treasury team, LOAM approvers and other users of I2P portal.-Manage, lead and develop the billing function to ensure proper handling and processing of invoices.-Lead Marketing and Transport vendor reconciliation activity to ensure vendors payment claims are not long outstanding.-Ensure invoice processing is compliant to tax laws and company policies.-Ensure PO based invoices are 3-way match compliant.-Ensure Non-PO invoices are booked in correct GL & cost center and are accompanied with relevant approvals.-Identify and implement process improvements to drive efficiencies in the payment process and billing function.-Coordination and correspondence with all internal and external stakeholders.-Ensure monthly GRIR and advances clearing.-Review and update SOPs of various payable areas.-Undertake Period End reporting responsibilities of Account payables-Ensure timely payments as per credit terms to Vendors, Employees and tax authorities. Show less -Managing working capital through payable section skillfully; proficiently handling vendors. Managingcredit terms & tax withholding requirements; processing vendor invoice to avoid financial losses due to error- Proficiently handles invoices & payments through three ways match; ensuring payment as per agreedcredit terms. Effectively managing working capital by cost saving initiatives at every point of invoiceprocessing cycle.-Competently maintaining & identifying exceptions with regards to over/under invoicing errors & fraudulent payments for accounts payable function on daily basis; performing KPI analysis for department on monthly basisMajor Achievements:-Awarded “Excel” employee rating for the Year 2019 and 2020 consecutively.- Successful transition of billing department as part of payable section. (2019)- Implemented Transit damage integration, involving Customer finance dept, Payable department and IS team (2020)-Lead and implemented Invoice automation project of the company. This will drive automation ofinvoicing from vendor invoicing, processing, and payment with one window solution. (Year: 2020)-Named as critical resource under FCEPL Business Continuity Plan (BCP) for Payable department.-99% KPI achievement in all years. And implemented numerous process improvements and savinginitiatives which resulted savings of PKR Rs 1+ million saved in six months of 2017 (July- December2018), PKR 2.3 in 2018, PKR 4+ million in 2019 and PKR 5.4 million in 2020. Show less

  • Assistant Manager Finance - Controller Fixed Assets and Leases

    Sept 2021 - Jan 2022

  • Assistant Manager Accounts Payable

    Apr 2021 - Aug 2021

  • Accounts Payable Executive

    Oct 2018 - Mar 2021

  • Accounts Payable Officer

    Jul 2017 - Sept 2018

  • Internal Auditor

    Jul 2016 - Jun 2017
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  Foodpanda

  Feb 2022 - Nov 2022

   Lead team of associates & senior associates of the payable function for two entities of Foodpanda Pakistan ( A subsidiary of Delivery Hero - Berlin).  Closely coordinate with Singapore & Berlin system teams and lead implementation of process automations by analyzing automation systems like VIM+ARIBA+SAP S4 Hana for vendor invoicing and Concur solution for employee reimbursements & petty cash disbursements respectively.  Perform end-to-end UAT and share the results with Foodpanda system teams in Singapore & Berlin. And maintain close coordination for the resolution of UAT points.  Conduct company wise trainings to train users of these automation systems.  Lead vendor & employee master data hygiene process.  Ensure that all payments processed by payables functions are compliant with company policies and tax laws.  Ensure that all closing activities with respect to payment & accrual recording, bank reconciliations, and category wise analysis are done within closing deadlines.  Actively involve in preparation of financial statements of Kitchens entity of Foodpanda Pakistan.  Implemented an indirect cost accrual mechanism, reducing abnormal fluctuations in MoM expenses, thereby increasing accuracy of forecasts and estimates. Ensure professional development of payables team. Show less

  • Finance lead - Payables

    Aug 2022 - Nov 2022

  • Assistant Manager Payables

    Feb 2022 - Jul 2022
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  Keitt Exporters Limited

  Dec 2022 - now

  Financial Controller