Lahore, Punjab, Pakistan
Senior audit and finance professional with over 30 years of experience in Internal Audit, Risk Management, Budgeting, and Cost Control, primarily within the Oil and Gas sector. Proven expertise in evaluating internal controls, improving operational efficiency, and ensuring regulatory and statutory compliance. Highly skilled in audit planning, data analysis, and executive reporting, with strong proficiency in ERP and CC&B systems, Excel, and Google Sheets. Recognized for delivering practical, value-added recommendations that strengthen governance and financial integrity.
As Executive Accountant in Dy. Managing Director (Services), responsible for maintaining a strong control environment and ensuring compliance across finance, procurement, IT, and legal functions. Key contributions include strengthening governance frameworks, enhancing risk management, and enabling data driven decision making for senior management. Key Responsibilities & Initiatives: Strengthened internal controls by coordinating cross functional change management involving Finance, Legal, Procurement, and IT. Enhanced procurement controls to ensure compliance with best practices, company policies, and legal requirements. Developed management dashboards providing real time financial and operational KPIs to support informed decision making. Conducted internal control reviews, risk assessments, spot checks, and coordinated third party audits to ensure ongoing control effectiveness. Designed and implemented formal risk assessment tools for procurement, IT systems, and legal processes, including mitigation planning and reporting. Prepared periodic risk assessment reports to address emerging risks and evolving business challenges. Supported implementation of AI enabled tools and E-procurement platforms to automate processes, reduce errors, and enable real time monitoring of transactions. Coordinated with legal teams to monitor litigation status, ensure timely documentation, and mitigate legal and financial risks. Promoted use of integrated systems to monitor procurement, inventory, and legal transactions, enhancing transparency, data integrity, and compliance.
Ensure the implementation of financial strategy, policies and procedures and financial controls framework in order to achieve the financial objectives, controls and financial stability. Ensure internal controls are effectively in place and functional in compliance with applicable rules and regulation. Report to Chief Financial Officer regarding Finance functions including Accounting and General Ledger, Financial/Management/Regulatory reporting, Forecast and Budgeting, Accounts Payable and Receivable, Annual/periodic audits facilitations, Taxation, Finance systems, Grants/Funds management and Treasury are function in accordance with the applicable policies and regulations.
Verified adjustment and cost allocation journal vouchers for operating cost finalization. Reviewed operating cost statements, including HR and T&D costs, to ensure SOP compliance. Analyzed monthly vehicle and construction equipment returns and validated cost allocations to user departments and jobs. Reviewed revenue jobs and equipment combinations in Oracle Financials, including account alias validation. Validated and approved funds in Oracle Financials in accordance with authorized approvals.
Arranging adjustment/Cost allocation JVs for Operating cost finalization. Preparation of Operating Cost and other related statements (HR cost, T&D Cost etc.) accurately and as per SOP.To manage monthly vehicle/construction equipment returns data. Allocation of Vehicle/Construction Equipment Costs to user department / jobs accurately as per Vehicle Returns data. Processing of request for revenue Jobs and defining in the System and update all templates and reports. To monitor & checking of accounts alias of revenue jobs and rectification/disabling the irrelevant alias. Processing the closure of revenue jobs, Vehicle/Construction equipment jobs and Combinations. Processing of request for sanctions, enhancement/re-validation of RFSs. Sanctioning of RFSs in Oracle Financials after approval from the competent authority. To arrange annual stock taking of CP workshop. Costing of TR unit / outer wrap fabricated in CP workshop. To arrange rectification of MRs/MRVs pertaining to revenue jobs. New initiatives undertaken for the control & efficiency of the department. UFGC activities corresponding to the functions of the position (thru involvement in budgeting process and ensure timely availability / sanctioning of budgets and expenditure analysis for efficient utilization of funds and resources). Audit Management (timely provision of information, record and suitable responses to Audit). Compliance with all rules and policies of the Company including PPRA rules. HSE awareness and Risk Management corresponding to the functions of the position.
Implemented control and efficiency improvements across departmental operations. Ensured timely preparation, verification, rectification and processing the cost variances. Managed month end inventory closing and reconciliations between Inventory and General Ledger. Analyzed inventor data and conducted monthly rate analysis to ensure accuracy and initiate corrective actions. Coordinated physical stock counts, verified MOL transactions, and resolved inventory variances with Stores and Accounts. Prepared inventory schedules, cost adjustments, and variance journal entries in coordination with Accounts Payable. Determined replacement pricing for materials. Supported audit and risk management activities, ensuring compliance with company policies, PPRA rules, and HSE requirements.
New initiatives under taken for the control & efficiency of the department. Ensuring that 9A/9Z for all the ASDs, rectification memos and cost variances for assigned locations are prepared, checked, punched and processed in the month in which they are received or variances arise. Arranging the preparation and checking/Verification of cost updated adjustments against which detail received from AP section. Provision of annual/semiannual schedule of store stock to Accounts deptt. Execution of the PAC processor and all related activities in respect of monthly closing of inventory interface. PAC data analysis for ensuring completeness, correctness and reconciliation of data among inventory module & GL. Compliance with the PAC Analysis Check List as updated from time to time. Carrying out of monthly rate analysis for further corrective actions. To advise the replacement prices of service line material and meters for recovery from consumers on annual basis and on individual request basis. Checking/verification of quarterly MOL transaction and to coordinate with Store department regarding variations. To arrange the annual physical stock taking of stores stock items at all locations as per schedule and regular follow up/ reminders for resolution of variances.Preparation of monthly reconciliation between Location Wise Summary (Inventory), PAC and GL and posting of monthly cost variance JVs. Risk Management and Audit Management (provision of information, record and suitable responses to Audit). Audit Management (timely provision of information, record and suitable responses to Audit). Compliance with all rules and policies of the Company including PPRA rules. HSE awareness and Risk Management corresponding to the functions of the position.
Conducted risk based and IT enabled audits in Oracle Financials and Customer Care & Billing (CC&B) environments. Performed preaudit reviews of third party payments. Developed and recommended improved procedures to reduce waste, control costs, and optimize use of company resources. Led physical verification of inventory, pipelines, and fixed assets across multiple locations, coordinating with Stores and Engineering teams. Prevented overbilling through strengthened audit controls and verification processes. Designed and executed detailed audit plans covering all areas of financial statements in compliance with IAS/IFRS and Companies Ordinance. Conducted post audits across key departments, including Procurement & Stores, Administration, Sales, Accounts, Development, Distribution, Corrosion, and Billing. Assisted in quarterly financial statement reconciliations and payroll audits, ensuring accurate statutory deductions and tax compliance. Actively contributed to process modernization by implementing effective audit techniques and collaborating across departments. Demonstrated strong teamwork by sharing expertise in audit methodology, automation, and best practices.