Shafaqjamil5
Manager Financial Reporting and Budgeting
About me
Experienced finance professional with a strong background in budgeting, financial
reporting, and audit. Currently serving as a Manager (AVP) of Budgeting &
Reporting at HBL Microfinance Bank Ltd, where I successfully oversee the budgeting
process and provide accurate financial reports to senior management. Previously, as
an Assistant Manager of Budgeting & Reporting at Bestway Cement Limited, I played
a vital role in analyzing financial data, conducting variance analysis, and supporting
strategic decision-making. As an intern at A.F Ferguson (PWC) and KPMG Taseer
Hadi & Co, I gained valuable exposure to audit processes and contributed to client
engagements. Equipped with a diverse skill set in financial analysis, compliance, and
communication, I am adept at driving financial performance and ensuring regulatory
compliance. I hold a track record of completing professional certifications and
training programs, including Acca, Udemy, and Columbia Business School. A
results-oriented professional committed to delivering high-quality work and driving
organizational success.
Photos
Work Experience
Financial Reporting and Budgeting Manager
HBL Microfinance Bank Limited
2022-05-25
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2023-09-10
Develop and implement the annual budgeting process for the organization, in coordination with senior management and other stakeholders. Conducting comprehensive peer bank analysis on a quarterly and annual basis, providing detailed reports. Prepare and analyze financial data to support the budgeting and forecasting process, ensuring accuracy and completeness of information. Monitor and track budget performance, identifying any significant deviations or variances and providing timely reports to management. Collaborate with department heads and business units to gather relevant financial information and validate budget proposals. Conduct regular financial analysis to identify trends, risks, and opportunities, and provide actionable recommendations to improve financial performance. Prepare detailed disclosures notes for financial reporting submitted to Parent Company quarterly and annually. Prepare and present comprehensive financial reports, including income statements, balance sheets, and cash flow statements, to management and stakeholders. Monitor and control expenses, ensuring adherence to the approved budget and identifying cost-saving opportunities. Develop and maintain financial models and tools to support budgeting, forecasting, and financial analysis activities. Ensure compliance with financial regulations, accounting standards, and internal policies in all budgeting and financial reporting activities. Participate in cross-functional teams and collaborate with other departments to drive efficiency and effectiveness in financial management processes. Stay updated with industry trends, best practices, and emerging technologies in budgeting, reporting, and financial analysis. Generate reports for the Parent Company on a monthly, quarterly, and annual basis, using designated templates. The monthly reports consist of the Balance Sheet, Profit and Loss statement, Cost of Deposits, and Non-Financial data.
Assistant Manager- Budgeting & Reporting
Bestway Cement Limited
2016-11-16
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2022-05-24
Assist in the development and implementation of the annual budgeting process, ensuring alignment with organizational goals and objectives. Prepare accurate and comprehensive financial reports, including budget vs. actual analysis, variance explanations, and trend analysis. Collaborate with cross-functional teams to gather relevant financial information and provide support in the budgeting and forecasting process. Monitor and analyze key financial indicators, highlighting potential risks, opportunities, and areas for improvement. Conduct in-depth financial analysis to assess the financial performance of the organization and its various business units. Provide recommendations and insights based on financial analysis to support decision-making and strategic planning processes. Ensure compliance with financial regulations, accounting standards, and internal policies in all budgeting and reporting activities. Coordinate with internal and external auditors to facilitate the auditing process and address any audit-related queries or findings Develop and maintain financial models and tools to facilitate budgeting, forecasting, and financial analysis activities. Generate a range of reports for senior management, including industrial benchmarking analysis, PACRA analysis, Monthly Reporting Pack and a Key Performance Indicators (KPI) Dashboard. Participate in cross-functional projects and initiatives aimed at improving financial processes, systems, and controls. Compile weekly costing reports for the Head, Managing Director, and Chief Financial Officer (CFO). Prepare BOD pack and detailed presentations for BOD meetings quarterly and annually. Utilize Oracle, APEX, Sage, and SAP systems for tasks such as posting accruals, extracting trial balances and ledgers, handling opening commitment items, and processing journal vouchers
Audit Intern
PWC
2015-06-22
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2015-08-11
Assist in conducting audit procedures in accordance with established standards and guidelines. Support the audit team in performing substantive testing, including examining financial records, verifying transactions, and assessing internal controls. Gather and analyze financial data and documents to ensure accuracy and compliance with applicable regulations and accounting principles. Assist in preparing workpapers, audit reports, and supporting documentation for review by senior auditors and managers. Participate in meetings and discussions with the client's personnel to gain an understanding of their operations and identify potential areas of risk or improvement. Identify and report any discrepancies or irregularities found during the review of invoices, cash counts, and stock counts to senior team members.
Audit Intern
KPMG
2015-02-23
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2015-05-22
Collaborate with the audit team to identify control weaknesses, operational inefficiencies, and areas for process improvement. Help in documenting audit findings, including any identified issues or recommendations for corrective actions. Maintain effective communication with the audit team to ensure progress updates and timely completion of assigned tasks. Follow professional ethics, confidentiality requirements, and company policies throughout the audit engagement. Seek opportunities for professional development and actively contribute to the overall success of the audit engagement. Follow established audit procedures and guidelines to ensure consistency and accuracy in the audit process. Maintain effective communication with the audit team to report progress and discuss any challenges or issues encountered during the audit engagement
Education
ACCA Member
Professional Certification
ACCA
2013-06-01
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2019-07-05
BSC HONS in Applied Accounting
Bachelor
Oxford Brookes University
2013-06-01
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2017-03-27
Courses
Certified Financial Modeler
Advance Financial Modeling
2022-10-01
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2022-10-30
Six Sigma
Advance level
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Acca Cerificate in Business Analytics
Advance
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