Muhammad Junaid

Experience

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  ASCO Chartered Accountants

  Aug 2014 - Nov 2014

  Associate - Taxation, Corporate & Audit

  1. Corporate Consulting2. Tax Consultancy3. Income Tax Return Filing &4. Internal Auditing

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  RSM PAKISTAN (RSM Avais Hyder Liaquat Nauman Chartered Accountants)

  Dec 2014 - Jun 2018

  While working with RSM, I had the opportunity of performing in an excellent corporate environment and gained extensive exposure and knowledge of International Financial Reporting Standards and International Standards on Auditing. I performed in addition to others, the following professional tasks in respect of audit and assurance services:- Assessment of clients’ business & environment and internal control risks- Audit planning on the basis of risk level subject to available human and time resources- Evaluating internal control systems- Examination, analysis and review of financial statements and accounting systems.- Monitoring and evaluation of systems and underlying records of financial statement assertions- Conducting and reviewing a number of assurance assignments which included planning, organizing, controlling and reviewing the entire job, understanding internal controls and conducting system reviews with the objective of recommending improvements and reviewing financial statements to ensure compliance with local laws and International Financial Reporting Standards- Conducting and handling the entire audit of various entities independently and directly reporting to partner- Team management- Demonstrate a deep understanding of the client's industry, business and marketplace. Identify/communicate relevant trends, developments, and key performance drivers relevant to the client.- Application of RSM Audit Methodology (MAPS)-Expertise in Preparation of Financial Statements Show less

  • Senior Associate | Audit and Assurance

    Jul 2017 - Jun 2018

  • Associate | Audit & Assurance

    Dec 2014 - Jun 2017
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  Lanop Business & Tax Advisors

  Jul 2018 - Feb 2019

  Audit Advisor & Tax Consultant
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  Joyland Ltd.

  Mar 2019 - Nov 2019

  Assistant Manager | Internal Audit

  During the period with the organization, worked on:1. Identifying and reporting ERP (SAP) system flaws to CFO;2. Designing and implementation of internal controls and procedures;3. Conducting monthly stock count of all locations and reporting on controls and system weakness;4. Performing monthly consumption audit of food and beverages department;5. Pre-audits of payroll records and reporting on discrepancies;6. Pre-audits of travelling reimbursement of employees claims;7. Post audit of transactions related to procurement and payment to vendors;8. Other internal audit engagements, reporting on system weakness and suggesting recommendations to the management. Show less

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  Diamond Group of Industries

  Nov 2019 - Nov 2021

  - Team lead for day to day tasks performed by Audit Team.- Team lead on different audit assignments like BOM Testing, Procurement & Compliance Audits.- Preparation of Monthly Audit Reports- Preparation of Audit Reports on Factory Visits- Preparation of Annual Audit Plans- Applying audit procedures & preparing reports on audit findings to highlights issues & problems and distributing the reports.- Delivering cost savings by Audit Department on monthly basis.- Performing special tasks assigned by higher management like @Audit of Finance & Markups @Audit of Group Insurance @Audit of LC Adjustments etc @Audit of Admin & HR Show less During the period with the organization, worked on:1. Designing, improvising and implementation of internal controls and procedures;2. Conducting quaterly stock count and balance confirmations of all locations and reporting on controls and system weakness;3. Pre-audit of transactions relating to: a) Procurement of goods and services b) All Payments including Demand Drafts and Pay Orders c) Payroll d) Advances against Imports and duties e) Bills of transportation f) Marketing/ Media g) Travelling Reimbursements h) EOBI and Social Security i) Withholding and Sales Tax j) Sales Commission k) Customer Claims l) Price List Verification 4. Post-audit of transactions relating to: a) E-Commerce and Regular Sales b) Market credit transfers c) Cash statements of factories d) Insurance (Life, Fire, Marine etc) e) Fixed assets identification f) Credit Limits of Customers g) Dealer's Balance Confirmations h) Walk through Testing i) Bank Reconciliations j) Non-financial Audits5. Other internal audit engagements, reporting on system weakness and suggesting recommendations to the management. Show less

  • Group Manager Internal Audit

    Dec 2020 - Nov 2021

  • Group AM Internal Audit

    Nov 2019 - Nov 2020
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  University of South Asia

  Nov 2021 - Oct 2022

  Manager Finance

  Group Portfolio:▪ University of South Asia (USA) - A Project of Gateway Technologies (Pvt.) Ltd.▪ Din New & Media – A Project of Fortune Marketing (Pvt.) Ltd.▪ Palm Vista Apartments Karachi▪ Kanact MediaDuring the period with the organization, worked on:▪ Managing operations against budgets plus strategic goals on daily, monthly & annual basis;▪ Providing overall financial and accounting support;▪ Managing monthly and annually financial closings;▪ Preparation of payroll for teaching & non-teaching staff;▪ Developing and monitoring internal controls of university;▪ Preparation and implementation of university regulations & SOPs;▪ Assistance of monitoring capital and business development projects;▪ Preparing feasibility and budgets for new projects;▪ Preparing and presenting monthly management accounts and financial statements;▪ Assistance in development of ERP software to accommodate overall university operational & financial activities. Show less

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  Nishat Hotels & Properties Limited

  Nov 2022 - Dec 2022

  Manager Revenue Assurance

  Group Portfolio:▪ Emporium Mall▪ Nishat Hotels & Banquets▪ FCC Apartments GulbergDuring the period with the organization, worked on:▪ Daily reporting of revenue relating to fun factory & parking at Emporium Mall;▪ Performing detailed revenue analysis, forecasts, calculations and present findings;▪ Ensuring accuracy & completeness of vouchers relating to revenue & receivables of all projects;▪ Investigating and recommending solutions to revenue and billing underperformance and improvement opportunities;▪ Preparation of monthly services charges report on actual basis to charge CAM & electricity to the customers;▪ Developing the fraud strategy and fraud oversight coverage of systems and revenue streams;▪ Preparation of monthly & fortnightly Bank Reconciliation Statements (BRS);▪ Supervising daily cash collection and payments procedures and to ensure its reconciliation with ledgers Show less

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  Sapphire Retail Limited (SRL)

  Dec 2022 - now

  Manager Internal Audit