Muhammad Touseef MPA, ACMA

Experience

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  KPMG—TASEER HADI & COMPANY (Chartered Accountants), Islamabad.

  Mar 2004 - May 2006

  Accounts Payable Administrator

  + Process Vendor Invoices/Credit memos in SAP.+ Process Outgoing payments to Vendors in SAP through check run and wire transfers of funds.+ Monthly monitoring of major vendors through reconciliations and resolution of balances.+ Prepare various management reports e.g. Aging Analysis, Open POs and Clearing accounts Reconciliations.+ Handling problematic issues/invoices relating to Trade/Service vendors.+ Reconciling Inventory accounts and dealing with their problematic issues.+ Process payments for Non Trade activities (Petty office expenses, telephone bills, freight charges etc.) after proper coding directly through Accounts payable. + Liaison with vendors and other departments of En Pointe to ensure an efficient and effective working. Show less

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  Ovex Technologies (Pvt.) LTD

  Jun 2006 - Sept 2008

  Management Accountant

  General Ledger Function+ Preparation of financial statements of En-Pointe and its subsidiaries.+ Preparation of reconciliations for different ledger accounts with SAP. This provides item wise detail of the account in summarized form with their respective balance thus imposing a check on different item movements e.g. a recon helps to verify the individual nature of entries and their status in any account.+ Conducting fluctuation analysis of all Income statement and Balance sheet accounts. This helps to find out erroneous entries and reasoning of fluctuations not only in accounts but also in cost centers and profit centers.+ Providing necessary input in Sarbanes Oxley (SOX) compliance in our company.Treasury Function+ Retrieving information from Wachovia Bank’s website about the transactions hit company’s bank accounts previous day.+ Using previous day date processing the entries in SAP Journal and clear presented checks from the outstanding balance.+ Preparation of bank reconciliation statement.+ Advise Accounts payable and Billing department to process outgoing (incoming) cash transactions (Checks, Wires and ACHs).+ Fund management by preparation of cash projections and proposing of fund transfers from collection accounts and lending arrangements. Development and Reporting+ Order wise GMD analysis of the software operations of the company and preparation of JEs for Accruals, deferrals and reclassification.+ Virtual inventory aging and clearing from the accounts. + Bulk inventory aging analysis.+ Competitor’s analysis.+ Inventory Accounts and adjustment accounts Reconciliations -- Monthly true up with the Stock Report and Quarterly true up with the physical count.+ Internal Control Reporting to the top management which includes Age analysis of AR, AP, inventory balances, Open orders, Blocked RMAs, company’s Cash A/c balances and Head count information. Show less

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  Pakistan Telecommunication Company Limited

  Oct 2008 - now

  -  Preparation of monthly management reports including, aging analysis, movement in default, and reconciliation of regional balances with SAP control accounts and bifurcation of collection from defaulted receivable of Retail & corporate customers. (Receivable Portfolio Rs. 8 B)- Credit Monitoring Policy (CMP) implementation including monthly TOS/POS activity after considering exceptions from different stakeholders.- Analysis of results of credit management policy & monthly addition to default and suggest proper actions for recovery of default and winning back of the customers.- Agreements with Bill Printing and Distribution partners, and their payment processing through SAP-PO based. (Portfolio Rs. 400 M)- Preparation of departmental budget and quarterly outlooks. Allocation of budget to reginal Teams based on their requirements and control of OPEX. (Portfolio Rs. 450 M)- Assignments of targets to regional teams and their performance reporting and controls. (Portfolio Rs. 500 M)- Recording of addition to default, collection against default, adjustments offered, provision of Bad debt in control accounts maintained in SAP. (Portfolio Rs. 2 B)- Developed and implemented various departmental SOPs, custodian of departmental HR record.- Development and implementation of key performance indicators (KPI) of teams, and their target monitoring.- Audit of various employee commission information based on performance of individuals of all regional teams.- Coordinate with Regional offices/HQ and other departments of the company for performance evaluation, resource management, planning, control and smooth flow of communication. Show less Financial policies, planning & Analysis- Devising new SOP, Financial Policies and related procedures for effective control and optimal resource utilization.- Financial modelling to provide business forecasts & formulation of strategy to help management in investment & decision making.- Formulation of cost optimization and control strategies specifically related to regional OPEX.- Planning & execution of region wise cost optimization strategies. - Analyze regional/exchange wise business data & recommend business strategies to enhance revenue. - Monthly regional & product wise profitability reporting to analyze revenue & cost drivers, regional bench-marking & suggest improvement to enhance top line and reduce operating expense.Management Reporting & Credit Management - Preparation of monthly management reports and reconciliation of regional balances with SAP control accounts and bifurcation of collection from defaulted receivable.- Prepare department’s monthly performance Presentation for the EVP/SATM finance. - Development and implementation of KPIs of teams, and their target monitoring.Accounting and Project Management/Special Assignments- Alignment of Finance and accounting manuals of PTCL and PTML.- Recording of addition to default, collection against default, adjustments offered in control accounts maintained in SAP.- Project coordinator of installation of Public Cash Payment machines all over Pakistan with 150 machines have been in operation. - Creation of PRs, GRN in SAP for departmental purchases and Projects, with capitalization of assets completed. - Reconciliation of collection with deposit of in-house collection channels and refinement of its SOP and reporting formats. Show less - Established Credit Management team in ITR region as a pilot project for the collection of default receivables.- Monitoring & Management of Regional Credit Management teams of two telecom regions (ITR & RTR).- Preparation of Receivable subsidiary ledgers for two regions and related management reporting.- Management of regional customer front office to deal with customer problems/issues/adjustment etc.- Assignment of target to the team members and their progress monitoring.- Responsible for the regional Default Collection target, Restoration of services from default target and Customer premises equipment (CPE) recovery Target. Show less

  • Senior Manager Credit Management

    Jun 2019 - now

  • Manager Finance

    Apr 2013 - May 2019

  • Financial Analyst

    Oct 2008 - Mar 2013