Muhammad Asad Khan-ACMA

Cell: +92-336-2231001
E-mail: masad.khan@hotmail.com
Address: House # A1-50, Quetta Town Co-Operative
Housing Society, Sector 18-A, Karachi

PROFESSIONAL SUMMARY

Associate Cost & Management Accountant (ACMA) having over ten (10) years of working experience, including
working as Manager Finance, supervising Costing, budgeting, planning, forecasting and treasury functions and as a
head of banking in treasury department. I am a goal oriented, self-starter and focused individual.
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ACADEMIC QUALIFICATIONS

ACMA (Associate Cost & Management (2012) Institute of Cost & Management Accountant of Pakistan
Accountant)
Bachelors in Commerce (2004) Govt. Islamia Arts & Commerce College, Karachi

CAREER

- Manager Finance at Daehan Dewan Motor Company (Pvt.) Ltd. – March 2017 till Present
- Head Costing & Budgeting at Pak Suzuki Motor Company Ltd. – Jan 2016 to Feb 2017
- Head Banking (Treasury) at Pak Suzuki Motor Company Ltd. – Jan 2014 to Dec 2015
- Deputy Manager Costing & Budgeting/Accounting at Pak Suzuki Motor Company Ltd. – Sept 2008 to Dec 2013

Manager Finance – Daehan-Dewan Motor Company (Pvt.) Limited (March 2017 till Present)
• Inventory Valuation: Perform Inventory Valuation of Imported parts, Finished Goods and Work in progress.
• Manufacturing cost: Calculate manufacturing cost calculation of vehicles manufactured.
• Profit & loss: Monthly Profit & loss for management reporting and perform analysis for each cost element.
• Stock Monitoring: Monitor stock & co-ordinate with plant and resolves all issues pertaining to stock valuation, if any.
• Banking & Treasury: Supervise all treasury function and co-ordinate with banks to resolve all banking matters.
• Management Reporting: Prepare simulation-based working for higher management to assist them in making decision for
future business plans and viability of new projects.
• Financial Reporting: Ensure closing of accounts on monthly and quarterly basis for financial reporting in a timely manner.
• Inter-department Co-ordination: Work as a coordinator to resolve all plant and supply chain matters, dealing with vendors
for rate negotiation, follow up for advances to vendors & suppliers and settles the issues arises, if any.
• Payment to Vendors/Suppliers: Ensure all payments are made as per company policies and tax deducted thereof is in line
with applicable tax laws.
• Fund Management: Managing funds for making routine payments and investing surplus funds, if any, in secured venues for
maximizing profitability.
• Physical Stock Verification: Supervise stock taking activity and prepares stock taking report and forwards same to
management; resolves variances and ensure compliance with all SOPs.
• Liaison with External Auditors: Liaison with external auditors to assist them in executing audit.
Head – Costing & Budgeting – Pak Suzuki Motors Company Limited (Jan 2016 to Feb 2017)
• Inventory Valuation: Managing a team of 03 persons of cost accounting to supervise Inventory Valuation of Automobile &
Motor Cycle division including Imported parts, Finished Goods, Work in progress and In-house manufactured parts
• Planning & budgets and long-term projections for 5 years considering existing and planned product line.
• Presentation of Budget and actual progress to Board of Directors
• Projected Income Statement & Balance Sheet for reporting to Suzuki Motor Corporation Japan
• Stock Reconciliation: Reconciliation of finished goods, work in process, spare parts and other stock to ensure that purchase
ledger is in line with stock ledger.
• Financial Reporting: Assist in Monthly, Quarterly, Half - Yearly and Annual Financial Reporting
 • Model Wise Profit & Loss: Prepare budgeted & actual model wise profit & loss account and reporting differences to
management.
• Budget Review: Review of budget plan submitted by department for accuracy and consistency with history and future plan
• System Development: Developing cost accounting system in ERP to assist management in better decision making.
• Consolidated Accounts: Inventory working for consolidated accounts for reporting to Parent company.
• Net Realizable value (NRV): Prepare stock NRV and incorporating it in accounts as per applicable standard.
Head - Banking Section – Pak Suzuki Motors Company Limited (Jan 2014 to Dec 2015)
• Managing Treasury Operations: Supervising a team of 10 Persons to look after all treasury operations and implementation
of centralized systems and procedures where needed.
• Banking Documents Renewal: Responsible for development and maintaining good relationships with all the concerned
banks. Also ensuring compliance of all banking renewal documents on timely basis.
• Fund Management: Monitoring of daily fund position, Forecasting/Management off and invest surplus funds in secured
venues in order to maximize company profitability and maintain sufficient liquidity position.
• LC Opening & Import Contract: Responsible for ensuring timely opening of L/C & import contract registrations and resolve
all issues arising on LC/ contract registration and retirement of documents.
• Exchange Rate negotiation: Responsible for Negotiation with banks to book best foreign exchange rate for payment of
import documents, ensuring timely recording of bank advices and resolve all tax related issues.
• Bank Reconciliation: Supervising timely preparation of Bank reconciliation and ensure to resolve the reconciling factors.
• System Development: Successfully implemented auto payment realization system and bank reconciliation system to save
man hours by 70%.
• Supervise Petty Cash: Supervise cashier for all cash payments and receipts and ensure reconciliation of cash with the
books.

Deputy Manager Costing & Budgeting/Accounting – Pak Suzuki Motors Company Limited (Sept 2008 to Dec 2013)
• Monthly Closing: Responsible for preparing all month end journals for accruals, provisions, prepayments, payroll.
• Reconciliation of Purchase Ledger with Stock Ledger on monthly basis and monitoring stock movement.
• External Auditor facilitation & preparation of back up schedules for general ledger accounts as required by the auditors.
• Costing of Inhouse Parts: Costing of In-house manufactured parts.
• Physical Stock Verification: Performing Stock Taking bi-annually and preparing report accordingly for management.
• Variance Analysis: Performing Variance Analysis for budgeting & actual cost and identifying reasons for difference.

Professional Development

• Post budget Seminars

• Workshop on Excellence in Excel / Pivot Table
• Business Leaders Conference
SKILLS

• Computer Skill:
o Sound Knowledge of ERP. Also assisted in implementation of ERP
o Command on Microsoft Office (Advance Excel, Word, Power point)
o Excel 2016 (Advance Level) including data analysis skills, Pivot Table, Macros and user define formulas
o Graphical tools, charts and graphs presentations.
• Good understanding of IAS/IFRS.
• Fluent English speaking.
PERSONALINFORMATION

• Father’s Name: Abdul Hameed

• Date of Birth: 6th March, 1984
• ID: 42201-2414730-7
• Language: English, Urdu, Pashto
• Domicile: Quetta

REFERENCES

• To be furnished upon request