Shafiq Ahmad, ACMA
Address: D-8/1, Fahad Square, KDA Scheme # 33
Karachi.
Cell No:-
Email:-
Profile
Pro-active and result oriented Financial and Management accounting professional, with ten years of experience in sophisticated
ERP environment in financial sector. Focused with a comprehensive knowledge and understanding of financial management and
accounting practices
Experiences
JS INVESTMENTS LIMITED
MANAGER RESEARCH & INVESTMENTS
KEY RESPONSIBILITIES
JUL-2022 TO DATE
Investment Portfolio strategy for Individuals and Institutions - proven track-record of outperforming benchmarks for
clients
Analyzing economy of Pakistan, forecast future economic indicators and incorporate in portfolio management decision
Providing input and analysis on managing fixed income & equity portfolios for allocation of funds
Analyzing of Investment Process, Strategy and Recommendation
Negotiating with banks for placement of funds at higher yielding rates
Investment Valuation and Research on Fundamental Equity and Fixed Income
Making sure funds management for comply with the limitation recommended by the SECP
Preparing monthly sector updates and investment recommendations to present to the Investment Committee
Actively participating in analyst briefings and maintained contacts with company managements to obtain guidance
Timely completion of other tasks assigned by CIO
JS INVESTMENTS LIMITED
MANAGER FINANCE
KEY RESPONSIBILITIES
MAR-2022 TO JUN-2022
Fund Accounting
Preparation and review of monthly / quarterly and annual financial statements of the funds assigned and ensures that
the same is being prepared on timely basis including review of bank & portfolio reconciliation and other related
schedules.
Coordinate with external auditors of the respective funds and ensuring completion of half-yearly review / annual audit
and audit report, respectively.
Ensuring timely preparation and review of fund position of respective funds and ensuring that the same is being stored
in the allocated folders.
Manage cash flows with respect to profit rates of the bank. Ensuring accurate and timely announcement of prices of
respective funds.
Ensuring timely reporting to Management as well as regulatory reporting to Securities & Exchange Commission of
Pakistan / State Bank of Pakistan/ Economic Affair & Statistics Division, MUFAP, Ministry of Finance etc.
To ensure compliance with the NBFC Rules, 2003, NBFC & Notified Entities Regulations, 2008, listing regulations of the
Stock Exchange, Code of Corporate Governance and the directives issued from SECP from time to time relating to Fund
Accounting.
Payable Management
Reconciles processed work by verifying entries and comparing system reports to balances.
Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries.
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Pays vendors by monitoring discount opportunities; scheduling and preparing checks; resolving purchase order,
contract, invoice, or payment discrepancies and documentation; insuring credit is received for outstanding memos;
issuing stop payments or purchase order amendments.
Pays employees by receiving and verifying expense reports and requests for advances; preparing checks.
Maintains accounting ledgers by verifying and posting account transactions.
Verifies vendor accounts by reconciling monthly statements and related transactions
Fixed Asset Management
Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
Assign tag numbers to fixed assets.
Record fixed asset acquisitions and dispositions in the accounting system.
Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
Calculate depreciation for all fixed assets.
Review and update the detailed schedule of fixed assets and accumulated depreciation.
Investigate the potential obsolescence of fixed assets.
Conduct periodic physical inventory counts of fixed assets.
Recommend to management whether fixed assets should be disposed of.
Conduct analyses related to fixed assets as requested by management.
Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
Other
Responsible for marinating provident fund detailed sheet
Prepare Provident Fund Accounts Monthly
Prepare Bank Reconciliation Statements and ensure to record necessary Journal Entries.
Provide Necessary data to Auditors
JS INVESTMENTS LIMITED
ASSISTANT MANAGER FINANCE
KEY RESPONSIBILITIES
DEC-2015 TO DATE
Fund Accounting
Preparation and review of monthly / quarterly and annual financial statements of the funds assigned and ensures that
the same is being prepared on timely basis including review of bank & portfolio reconciliation and other related
schedules.
Coordinate with external auditors of the respective funds and ensuring completion of half-yearly review / annual audit
and audit report, respectively.
Ensuring timely preparation and review of fund position of respective funds and ensuring that the same is being stored
in the allocated folders.
Manage cash flows with respect to profit rates of the bank. Ensuring accurate and timely announcement of prices of
respective funds.
Ensuring timely reporting to Management as well as regulatory reporting to Securities & Exchange Commission of
Pakistan / State Bank of Pakistan/ Economic Affair & Statistics Division, MUFAP, Ministry of Finance etc.
To ensure compliance with the NBFC Rules, 2003, NBFC & Notified Entities Regulations, 2008, listing regulations of the
Stock Exchange, Code of Corporate Governance and the directives issued from SECP from time to time relating to Fund
Accounting.
ASKARI INVESTMENT MANAGEMENT LIMITED
DEC-2010 TO AUG-2012
EXECUTIVE FINANCE & CORPORATE AFFAIRS
KEY RESPONSIBILITIES:
Preparing papers/agenda for Board, Audit, and Executive Committee meetings
Accomplishing all legal and Secretarial tasks of the Company
Filing of all statutory Returns/Forms of the Company to the SECP
Coordinating for preparing budgets of the Company
Preparing monthly report for submission to the SECP
Depositing WHT to the FBR and preparing monthly and annually WHT statements
Preparing all payments, receipt and journal vouchers
Preparing Monthly MIS report for the senior management
Liaison with the bank and preparation of bank reconciliation statements, and record the necessary journal entries, to
ensure the trial balance reflect correct bank profit and bank balances.
JS INVESTMENTS LIMITED
MAY-2007 TO DEC-2010
SENIOR OFFICER FINANCE & CORPORATE AFFAIRS
KEY RESPONSIBILITIES:
Preparing papers/agenda for Board, Audit, and Executive Committee meetings
Accomplishing all legal and Secretarial tasks of the Company
Filing of all statutory Returns/Forms of the Company to the SECP
Coordinating for preparing budgets of the Company
Preparing monthly report for submission to the SECP
Depositing WHT to the FBR and preparing monthly and annually WHT statements
Preparing all payments, receipt and journal vouchers
Preparing Monthly MIS report for the senior management
Liaison with the bank and preparation of bank reconciliation statements, and record the necessary journal entries, to
ensure the trial balance reflect correct bank profit and bank balances.
Supervising day to day activities parting to finance and accounts, including the recording daily accrual of income and
expenses, and there adjustment.
Ensure the control of expenses by calculating variance.
Preparation monthly, quarterly and annual Financial Statements.
Surprise all activities related to book keeping and make sure all the payments are paid on time.
Make account receivable and payable schedules.
Make day to day, weekly and monthly cash flow statements, to ensure efficient utilization cash.
Assist in financing decisions making and evaluate bank offers and coordinate with banks, and ensure the repayments,
make loan amortization schedules.
Extra Courses / Seminars
Advance Excel -PIM
Time Management, ICMAP
Pakistan Stock Exchange (One of the best performing market in the World, a hidden treasure for most Pakistanis), ICMAP
Make an Inevitable Transition from CFO to CGO, ICMAP
Management Accountant Conference (Industry challenges and opportunities), ICMAP
Workshop on Audit Practice Manual, ICMAP
Professional Development, ICMAP
Mutual Funds Development, ICMAP
Managerial Communication, ICMAP
Effective Communication Skills, NILAT
Health and Safety Standard, NILAT
Professional & Educational Qualification:
Institute of Cost and Management Accountants of Pakistan-(ICMA Pakistan), www.icmap.com.pk
Associate Cost and Management Accountant (ACMA), (A-6337)
University of Karachi
Bachelor's Degree (B.Com)
CFA Institute
CFA Level I appeared
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