Muhammad Kamran Asif (ACMA,CGMA)

Experience

• 

  Pakistan International Airlines

  Dec 2009 - now

  Incharge Reconcilliation UnitMajor Responsibilities:• Mitigation of financial risk through Monitoring of agents’ Sales Vs Bank guarantee• Preparing Accounting SOPs for PK Network providing complete procedures for accounting treatment for different nature of transactions• Controlling and ensuring correct accounting of approximately PKR 92 billion ($ one billion) annual revenue• Reconciliation of more than sixty liabilities and revenue ledger accounts.• Recording & reconciliation of BSP Pakistan, Hajj & Charter sale • Bank reconciliation of BSP, Hajj & Charter • Coordination with external and internal auditors for audit of accounts in the half yearly and annual Audit.• Regular coordination with all stations for adopting and implementing system improvements/new systems for financial/revenue accounting with the help of IT for system automation• Storage & management of financial accounting data (station reports as well as General Ledger) kept in local databases updated monthly• Providing various analytic/historic MIS reports regarding Revenue/Sales to senior management• Coordination with BSP for resolution of BSP issues• Coordination with stations & different section for monthly closing before the stipulated dates. Show less Incharge Credit Control Unit:-Major Responsibilities• Ensure the appropriate financial reporting of trade receivable of PIA.• Reconciliation of passenger sales & trade receivable accounts.• Prepare party wise statements of trade receivables & aging statement of trade receivables • Monitor overdue credit & followup with the station & concern party for recovery• Ensure the implementation of credit policy at station & • Review the contents of minutes of Credit Control Committee Meeting (CCCM) of Domestic and International Stations and ensure: Outstanding Credit is being appropriately discussed in these meetings and required actions are being initiated by the local Management for expeditious recoveries. The status of jobs assigned during the last CCCM is also reviewed by the Station Management. Complete information including the invoiced credit as well as receivables from the agents appearing in the agent ledger is put up by the Finance Unit Head for review by the station’s Credit Control Committee. In case of any deviations, initiate correspondence with station Finance manager and the station Head by highlighting the noted discrepancies. • Check authenticity of all Credit / Debit Adjustments appearing in debtor receivable ledger and ensure their monthly accounting through JVs .• Provide on time awareness of under/over receivables to all concerned stations to harmonize activity with station agent ledger as well as head office primary agent ledger.• Assist external auditors in half yearly review and annual audits.• Preparation of MIS reports as per Management requirements.• Ensure that the staff / officers reporting to me are performing their duties in accordance with the job descriptions and providing the required reports regularly before the stipulated dates. Show less Incharge Fare Audit Unit & Web Refund Unit:-Major Responsibilities:• Carries out regular audit of sales and refund transactions of entire PK network.• Coordinate with relevant departments/stations/agents to ensure smooth sales/refund transactions are going on according to applicable policies & SOPs on entire PK network.• Plan, organize and manage all unit activities and ensures all the tasks are executed and transactions carried out as per applicable SOPs.• Financial Evaluation of all applicants applying for GSA ship in PIA.• Review and monitoring of sales /refund audit transactions processed by staff under my supervision.• Facilitate and brief staff under my supervision about new fares and application of fare rules sector/region wise. • Monitor fraudulent activities of PIA agents on entire network in order to mitigate risk.• Review the system and related processes to build system level controls & make them more efficient. • Preparation of MIS reports for onward submission to Internal Audit Committee.• Awarding clearance to outgoing PIA agents for releasing Bank/Cash guarantees.• Supports and guides unit team to define processes and procedures to ensure efficiency and controls in the areas undergoing changes due to systems up gradations. • To process the refund transaction & resolve passengers’ refund related queries • Dealing with External Auditors during Audit periods i.e. Half Yearly/Annual closing. Show less

  • Senior Officer-Finance

    Feb 2013 - now

  • Senior Officer-Finance

    Apr 2011 - Feb 2013

  • Senior Officer-Finance

    Dec 2009 - Mar 2011