Umair Abbasi
Accounting Finance Expert Bookkeeping QuickBooks ERP Financial Report
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DD Exchange Company Private Limited
Fulltime • 12 yrs 8 mos
Chief Financial Officer
May 2022 - Present • 4 yrs 4 mos
As the Chief Financial Officer (CFO) of company (DD Exchange Company (Pvt) Ltd, I oversee the complete financial management of a State Bank of Pakistan (SBP) regulated Exchange Company. With over 20 years of experience in finance, accounting, taxation, and regulatory compliance, I ensure the organization's financial stability, operational efficiency, and compliance with all applicable laws and SBP regulations. Key Responsibilities Lead the Finance & Accounts Department. Prepare monthly, quarterly, and annual Financial Statements. Ensure compliance with State Bank of Pakistan (SBP) regulations for Exchange Companies. Manage budgeting, financial planning, and forecasting. Monitor cash flow, liquidity, and working capital. Ensure timely regulatory reporting and statutory compliance. Coordinate with external auditors, internal auditors, tax consultants, and regulatory authorities. Prepare management reports, financial analysis, and performance dashboards for executive decision-making.
Senior Accountant
Jan 2014 - May 2022 • 8 yrs 4 mos
Senior Accountant of DD Exchange Company (Pvt) Ltd Foreign Exchange Regulation Act, 1974 and Anti Money Laundering Act ,2010 campaign against money laundering and transfer of money through non-banking channels. The anti-money laundering act of 2010 had multiple stakeholders including the State Bank of Pakistan (SBP), the FBR and the Securities and Exchange Commission of Pakistan (SECP).SBP is the regulator of all Pakistan forex exchange companies. Reporting to SBP and CEO in this position challenged when local authorities making strict act on buying and selling on foreign currency. Key achievements include •Executing new strategic plan according to regulator implement the act on reporting and successfully reporting to SBP on accurate and timely bases in which obtain 3 year inspection audit cleared with “A” ranking •Renewal 5 year company licenses on behalf of inspection audit report to gained regulator confidence •Finalizing annual audit with external audit when CFO resigned on very crucial time.