Mesum Ali, CPA, ACA, FCCA

Experience

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  Mirza & Co Chartered Certified Accountants

  Jun 2011 - May 2014

  Senior Audit Associate

  Started as a trainee in Mirza & Co. Chartered Certified Accountants, later promoted as senior.𝗥𝗼𝗹𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:𝗨𝗻𝗶𝘁𝗲𝗱 𝗘𝘁𝗵𝗮𝗻𝗼𝗹 𝗣𝘃𝘁. 𝗟𝘁𝗱Assigned to conduct the quarterly internal audit as an internal auditor. Main responsibility was finalization of the internal audit report.Performed Internal Audit of process cycles and redesigned the core processes of the company to enable improvements.During my articles, worked on following major assignments in Assurance and Business Advisory Services (ABAS)𝗦𝗮𝗺𝗯𝘂 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗣𝘃𝘁. 𝗟𝘁𝗱Assisted client in compilation and development of Policies & Procedures Manuals using Global Best Practices and Benchmark Resources.𝗧𝗿𝗶𝗽𝗹𝗲 𝗘𝗺 𝗣𝘃𝘁. 𝗟𝘁𝗱As a Supervisor I was responsible for the preparation of their inventory management accounts by using ERP Software and worked on deficiencies of their Internal controls to make their internal control effective.𝗣𝗿𝗼𝘃𝗶𝗻𝗰𝗶𝗮𝗹 𝗗𝗶𝘀𝗮𝘀𝘁𝗲𝗿 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆 (PDMA)Performed third-party validation assignments of Emergency Cash Transfer Program for IDPs of North Waziristan and Flood Relief Programs including recommendations for improvement in process relating to disbursement of cash to the beneficiaries. Show less

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  US Apparel & Textiles

  May 2014 - Feb 2016

  𝗥𝗼𝗹𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:• Preparation of projected funds flow and daily cash flow statement.• Preparation of annual budget and monthly variance analyses.• Assisted in preparation of monthly set of accounts.• Prepare daily stock sheet of raw material, work in progress and finished goods.• Addition & disposal of fixed assets and maintain fixed assets register.• Monitor Posting of Remittances/EPRCs in Oracle AR.• Prepare daily bank reconciliation statement and month wise Intercompany reconciliations.• Monthly Debtors/Creditors reconciliation and posting Debit/Credit Notes & required rectification entries.• Monitor monthly disbursement of salaries and provision for unpaid salaries.• Review daily cash reconciliation. • Posting of bank payments/ receipts and journal vouchers in oracle R12.• Posting of commercial invoices (sales) in oracle and maintained sales tax returns file.• Daily follow up of pending un-invoiced good receipts notes (GRN) status.• Coordinate with team to conduct monthly stocktaking of fabric, work in process and finished goods (Ready for inspection & dispatch).• Review of TT (Telegraphic Transfers) Payments to Foreign Suppliers. Show less 𝗥𝗼𝗹𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:• Working on Oracle R12 during implementation by A.F Ferguson & Co. • Post Implementation System Support (Help Desk support). Helping users to understand Business Scenarios in ERP System.• Implementing functional component of large-scale ERP initiative & supporting technical team.• Resolving ERP Functional issues reported by different departments of the Group.• Supporting Departments in understanding and using Oracle.• Delivering presentations to Departmental Heads, their sub-ordinates and teams.• Ensuring active involvement of US Group Business teams.• Managing Backlog, Implementation and Support Issues (e.g.: Entering bank payments vouchers, service invoice vouchers, purchase invoice vouchers and advance payments vouchers).• Reconciliation of supplier balances with legacy system AIMS (Apparel information management system).• Master Data Management in ERP system involving creation of suppliers, customers, Bank account payment document (Cheque Book), Creation new Items and allocating sub inventory and locator respectively. • Supply chain transaction processing including entering Purchase requisitions, Purchase orders and Goods Receipt Notes, Returns, Corrections, Substitute receipts and inventorying the material received.• Testing of customized Reports. • Booking Of Commercial Sales Invoice Via Receivable Module.• Creation Of Debit & Credit Notes.• Receivable transaction processing including entering of receipts, matching with invoices, correction, and reversals.• Booking Of Purchase Invoice Via Payable Module.• Payable transaction processing payments by matching with invoices, correction and void payments.• Data Uploading through Data Loader.• Opening and closing Accounting Periods.• Uploading Of Sequential Documents.• Assigning of responsibilities to users in System Administration Module.• Assigning of Hierarchy to Approval Authorities of PO & PR. Show less

  • Finance Executive

    Oct 2014 - Feb 2016

  • Oracle Functional Consultant

    May 2014 - Oct 2014
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  Lahore University of Management Sciences

  Feb 2016 - Jun 2018

  Senior Officer

  𝗥𝗼𝗹𝗲 𝗮𝗻𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:• Lead Quarterly and Annual FInancial planning and Budgeting of assigned Departments.• Prepared monthly Budget utilization report of LUMS to present Finance Committee • Organized meeting with Departmental Head to assess requirements and their Justifications.• Assisting Supervisor in day to day activities and management reports• Coordinating with user departments in preparation of budget in SAP providing them with relevant training in SAP system and also managing budget changes during the year.• Assisting Supervisor in University wide preparation of budget based on management• Controlling budget utilization of assigned departments in SAP systems.• Comparison with different universities data for Fee Projections.• Adhere the Compliance with PWC Policies.𝗦𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆 𝗟𝗨𝗠𝗦 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗻𝘁 𝗙𝘂𝗻𝗱𝗥𝗼𝗹𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:• Preparation of monthly and annual accounts of Provident Fund as per IAS-19 and Policies and procedures.• Implementation of Provident Fund Accounts in SAP ECC 6.• Facilitating external auditors for annual Audit.• Consult and Conduct meeting with Investment Advisers and Trustees for short and long Term Investments of Portfolio.• Ensured of Compliance of Polices implemented by A.F Ferguson & Co regarding Provident fund and investments.• Market analysis of Mutual Funds, Debt and Micro Finance Options for investments.• Processing of Loan and Permanent withdrawals by LECPF members’ accordance with Income tax ordinance 2002 and Bank Reconciliation. Show less

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  National Incubation Center Lahore

  Aug 2018 - Nov 2023

  Manager Finance & Accounts

  • Grant Evaluation and Budget Review: Conducted pre-award due diligence/audit of possible grantee organizations. Collaborated in the selection of implementation partners by evaluation of submitted proposed budget for the grant applications by assessment of financial technical abilities• Grants Management: Managed diverse grant’s financial reporting independently, including NIC Lahore and NIC Quetta worth $135k and other exceeding $500k+ development sector grants by international donors such as UK Aid DFID, USAID, Samsung, British Asian Trust, US council, University of Saarland and Fatima Ventures on SAP (GM-GTE module) Hana Cloud.• Stakeholders Management: Acted as strong collaborator for grants cross functions with internal stakeholders not limited to M&E, Learning and development, Partnerships and instructors teams, Moreover, I as responsible to finalize M&E framework with donors such as milestone charts, KPIs, technical and financial deliverables and reporting timelines to get the tranches.• Grant Making: Preparation of Financial proposal for bidding (Min $100k) for potential donors considering activity-based cost drivers, delivery costs, market factors, Fx fluctuations, for the sustainable projects implementation to achieve organizational goal of creating robust impact on entrepreneurial eco-system.• Performance Assessment: Conducted Post award Regular site visits to Business incubator centers (BICs) with the Partnership, Learning & Development, Investor relations and operations team to assess effective utilization of funds, progress in terms of milestones achievements.• Budget Review and reporting: Financial reporting & documentation to the multiple national and international donors on agreed reporting timelines in agreement and review the implementation partner reporting and approval of to release the tranches upon milestone achievement.• Contract Negotiation and Compliance: Ensured proper negotiation of the terms and conditions for grants. Show less

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  The Carbone Clinic - Dubai

  Nov 2023 - Sept 2024

  Chief Accountant

  • Responsible for the preparation of the financial statements for Dubai and Europe companies in entities with the relevant regulations and IFRS.• Responsible for all general ledgers including balance sheet reconciliations and technical review of postings. Sign off journals including checking coding for period / year end accuracy.• Budgeting and Forecasting: Collaborate with cross-functional teams to develop annual budgets and financial forecasts. Monitor actual performance against budgets, investigating and explaining variances.• Variance Analysis: Perform in-depth variance analysis to identify discrepancies between budgeted and actual financial results. Provide insights into the causes of variances and recommend corrective actions.• Management Reporting: Create management reports that provide key financial metrics and insights. These reports assist senior management in making informed strategic decisions and setting financial goals.• Financial Modeling: Develop and maintain financial models to support decision-making processes which include scenarios for new investments, pricing strategies, or cost reduction initiatives.• Month-end and Year-end Close: Complete the month-end and year-end closing processes, ensuring accurate and timely financial reporting. Reconcile accounts and make necessary adjustments as required.• Financial Compliance: Ensure compliance with accounting standards, tax regulations, and other financial reporting requirements. • Process Improvement: Continuously identify opportunities to streamline financial processes and improve efficiency. Implement process improvements to enhance the accuracy and timeliness of financial reporting.• Support Accounts Leading Receivable, Accounts Payable, and Treasury Functions: includes processing invoices, managing vendor and customer accounts, monitoring cash flow, and ensuring timely and accurate financial transactions.• Finalization and filing of VAT return on quarterly basis to FTA and HMRC (UK) Show less

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  Sukna Capital

  Nov 2024 - now

  Finance Director

  Financial Reporting and Analysis:• Prepare and present accurate financial statements, reports, and forecasts to the Group CFO • Conduct detailed financial analysis to identify trends, variances, and opportunities for improvement• Ensure timely and accurate month-end, quarter-end, and year-end close processesBudgeting and Forecasting:• Assist in the development and management of the annual budget• Monitor and report on budget variances and recommend corrective actions• Develop and update financial forecasts in collaboration with department headsRegulatory Compliance:• Ensure compliance with all financial regulations and reporting requirements of Capital Market Authority• Coordinate with external auditors and regulatory bodies during audits and examinations.• Stay updated on changes in financial regulations and implement necessary actions.Investment Oversight:• Support the management of multi-asset funds, including monitoring performance and risk.Fund Accounting :• Collaborate with the fund accounting team to review fund-level financial statements, ensuring accuracy and compliance with relevant accounting standards and regulations.• Provide guidance and support on complex accounting issues related to fund investments, valuations, and performance reporting.• Contribute to the development and implementation of fund accounting policies and proceduresInternal Controls and Risk Management:• Develop and maintain robust internal controls to safeguard company assets.• Identify and mitigate financial risks through effective risk management practices.Strategic Planning and Decision Support:• Collaborate with the Group CFO and executive team on strategic financial planning.• Provide financial insights and analysis to support business decisions.• Evaluate financial implications of new business opportunities and initiatives. Show less