About Shafiq Sheikh
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Gender Male
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Job Fuction Finance & Accounts Auditor Consulting
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Academic Level Degree Bachelor
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Viewed 128
About me
Experienced professional
Education
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2001 - 2025
University of the Punjab
Bachelor of Commerce
Accountancy, finance, economics, taxation, audit
Experience
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2024 - Present
Gourmet food
Acting GM cum Senior Manager accounts
H1. Led the Accounts & Finance (A&F) function as Team Lead/HOD/GM Accounts.
2. Prepared daily P&Ls, balance sheets, and cash flow statements; conducted detailed financial analyses of financial statements and trial balances to monitor performance.
3. Designed and guided the preparation of annual budgeted P&L and cash flow statements, aligning them with organizational future plans.
4. Oversaw core financial operations, including accounts payable (expense side), accounts receivable, general ledger management, and lease accounting and others.
5. Approved and supervised day-to-day financial transactions as Acting GM Accounts, ensuring accurate and timely financial reporting to Director.
6. Managed and coached a team of over 20 personnel, fostering a culture continuous improvement.
7. Collaborated closely with the IT department to implement process enhancements and develop automation solutions.
8. Additional key ad hoc assignments handled and responsibilities:
• Provided HR-related financial support by calculating the financial impact of new HR policies and designing departmental restructuring plans.
• Led complex reconciliations with suppliers and banks, identifying and resolving discrepancies to maintain data integrity.
• Reorganized cost centers to optimize tracking and reporting.
• Assisted and involved in fixed assets accounting, coding and entry into system in asset module
• Developed and updated staff job descriptions and KPIs to align with organizational goals.
• Review final sheet of shops value calculation and comparison with GL
• Supported annual closing activities.
• Developed comprehensive Standard Operating Procedures (SOPs) for accounts payable and accounts receivable functions, enhancing operational consistency and control. -
2013 - 2024
Master Tiles & Ceramics Limited
Depty manager accounts
1. Led the dynamic dynamic ledger ledger team and ensuring ensuring meticulous accounting accounting for sales sales and after after -sales sales offices offices in all over the the country and ensuringensuring accurate accurate documentation.
2. Implemented budgetary controls, controls, conducted incisive incisive variance analysis analysis analysis forfor selling selling sellingselling expenses, expenses, and oversaw oversaw daily cash imprest reconciliationreconciliation reconciliation forfor regional regional offices. offices.offices. offices.
3. EnsuredEnsured Ensured Ensured adherence adherence adherence to company company company policies, policies, policies, policies, providing providing providing strategicstrategic strategic recommendations recommendations recommendations recommendations on internal internal controls controls controls for substantialsubstantial substantial operational operational operational efficiency enhancements. enhancements. enhancements.
4. Managed Managed diverse diverse tasks tasks assigned assignedassignedassigned by the General General Manager, Manager, including organizing organizing chart of account determination determination for an acquired entity, oversaw oversaw fixed fixed assets ssets depreciation,depreciation, depreciation, depreciation, conducted thorough thorough thorough sales sales tax tax reconciliations, reconciliations, reconciliations, scrutinized scrutinized
advertisement fee fee tax tax expensesexpenses expenses expenses for governmentgovernment government compliance, compliance, and executed various various tasks tasks like rental property property advances, expense expense adjustments, adjustments, adjustments, vehicle vehicle disposals,disposals, disposals, disposals, disposals, and drafting precise precise corporate documents.
5. Contributed insights insights insights to the design design and implementation implementation of SAP S/4 HANA FI/CO ERP. ERP. -
2013 - 2015
A housing limited
Deputy Manager Accounts
Led & supported supported the ledger ledger team, team, overseeing overseeing overseeing relevant relevant financial financial operations operations and ensuring ensuring correct correct documentation.documentation. documentation. documentation.
2. Ensured Ensured meticulous financial financial oversight, oversight, oversight, including including the verification verificationverification of accounts accounts accounts payable & payments payments along with local purchases and adherence to rela ted regulatory regulatoryregulatory requirements
3. Managed Managed finances finances finances related transactions,transactions, including leasing, leasing,leasing, financing financing transactions, transactions, transactions, and project land land transactions, transactions, transactions, ensuring ensuring accuracy and compliance compliance
4. Prepared Prepared schedules schedules for construction construction and developmentdevelopment development expenditures,expenditures, expenditures, expenditures, contributingcontributing contributing to the trading trading accountaccount which belongs belongs to financial financialfinancial statements statements
5. Conducted thorough thorough thorough checks on administration administration and general generalgeneral expenses to streamline operational costs. costs.
6. Scrutinized Scrutinized accounts accounts payable payable expenses, expenses, paymentpayment transactions, transactions,transactions, transactions, transactions, and coordinatedcoordinated coordinated coordinated bankbank and cash reconciliation, reconciliation, ensuring ensuring financial financial financial accuracy
7. Provided Provided Provided valuable suggestions suggestions suggestions suggestions and recommendations recommendations recommendations for enhancing internal controls. controls. controls. -
2009 - 2013
US Apparel (Private) Limited
Assistant manager accounts
1. Ensured meticulous financial financial financial oversight, oversight, oversight, including the verification verification verification verification of accounts accounts payable & payment vouchers for fabric, accessories, accessories, CMT, and other local purchases along along with adherence to related regulatory regulatory requirements & right right documentation documentation documentation together with, conducted conducted quarterly quarterly physical physical stock -taking taking to optimize optimize inventory management management management management
2. Scrutinizing Scrutinizing dailydaily cash flow flowflow statements, statements,statements, reconciling reconciling them with bank bank ledgers ledgers for precise precise financial financial financial reporting. reporting. Managed Managed bank bank ledger ledger ledger reconciliation reconciliation reconciliation reconciliation reconciliation for accuracy. accuracy. accuracy.
3. Monitored Monitored Monitored outward outward gategate passes passespassespasses (OGP) (OGP)(OGP) transactions, transactions, transactions, coordinating coordinating coordinating with with debit debit notes andand invoice invoice invoice issu issuissuance. Verified Verified Verified Verified intra -company companycompany sales sales and purchase purchase vouchers & maintaining maintaining maintaining accuracy.
4. Ensured Ensured precision precision precision in ledgers ledgers ledgers and trial balance balance through meticulous meticulous meticulous checks, developing developing expertise in internal control systems systems and recommending improve ments for enhanced efficiency. efficiency. efficiency. efficiency.
5. Prepared Prepared workings workings and coordinated coordinated coordinated with taxation taxation taxation department department department for inputinput sales sales tax, sales sales tax tax withheldwithheld return, return, withholding taxation. taxation. -
2005 - 2008
Riaz Ahmad & Company Chartered Accountants (Nexia International)
Articleship
1. Accumulated 3.5 years of valuable article ship experience, focusing in audit and assurance.
2. Developed a sound understanding of preparing and reviewing financial statements in compliance with International Financial Reporting Standards and regulatory requirements.
3. Managed, planned, and reviewed and executed financial audits for diverse sectors including manufacturing, gratuity fund, and service concerns.
4. Demonstrated dedication to achieve high standards of client service and professionalism.
5. Acquired comprehensive knowledge in implementing internal control systems, analyzing and reviewing both manual and computerized systems, and suggesting deliberate improvements.
6. At different clients, led and collaborated with teams on financial statements preparation in accordance with IFRSs and Companies law and also concentrating on planning and fieldwork in compliance with and other Laws including code of corporate governance, accounts receivables, ageing analysis, sales, assets, financings, depreciation, payrolls, bank reconciliations, production expenses of cost of sales, financial expenses & others, and conducted audits following ISAs, ensuring compliance with rules & regulations, and financial analyses along with internal control recommendations