Profile (2)

Contact
ishratfatimachaudhary@gmail
Ishrat Fatima ACA
.com Manager Accounts & Finance |ex-Fatima Group|ex-Educative|
Chartered Accountant| Taxation|Accounting|Finance
www.linkedin.com/in/ishrat-fatima-
Lahore, Punjab, Pakistan
aca-ba33877b (LinkedIn)
Top Skills Summary

Enterprise Resource Planning (ERP) A Chartered Accountant focused on Finance, Taxation &
Annual Reports Accounting , A member of Institute of Chartered Accountants of
Communication Pakistan (ICAP).Result oriented, self driven, figure-it-Outer. Have
over 10 years experience of working in Information Technology ,
Languages chemicals , Fertilizers and consulting industries. Highly Skilled
English in IFRS, IAS, Local Statutory Reporting frameworks , Taxation,
Urdu Financial Accounting, preparation of Financial statements, and
Punjabi Auditing.
Certifications
Prsentation Skills Training Experience
Certificate-ICAP
Tkxel
Manager Finance & Accounts
December 2022 - March 2024 (1 year 4 months)
o Led and managed key accounting functions, including Accounts Payable,

Accounts Receivable, General Ledger, Payroll, and Taxes, ensuring accurate
and efficient financial operations.
o Oversaw month-end, quarter-end, and year-end closing processes, ensuring
timely and accurate financial reporting in line with corporate timelines.
o Spearheaded financial audits, both internal and external, facilitating the
annual corporate financial controls audit and coordinating with external
auditors for seamless year-end closing.
o Developed and presented monthly, quarterly, and annual financial
statements to senior management, providing actionable insights to support
strategic decision-making.
o Conducted thorough review, analysis, and preparation of financial
statements, ensuring compliance with accounting standards and regulatory
requirements.
o Led ad hoc financial analysis and projects, delivering key business insights
for process optimization and performance improvements.
o Supervised the general ledger accounting process, ensuring proper entries,
reconciliation, and compliance with organizational policies.
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o Fostered a culture of growth and continuous improvement within the team by
managing performance, setting goals, providing ongoing training, and nurturing
strong team relationships.
Educative, Inc.
Manager Finance & Taxation
November 2020 - December 2022 (2 years 2 months)
o Managed the day-to-day preparation and review of financial reports,

including Profit & Loss statements, Balance Sheets, Cash Flow statements,
and reconciliations, ensuring accuracy and timeliness in all financial
documentation.
o Responsible for the accurate and timely reporting of revenue and costing
information to support management decisions, ensuring smooth and efficient
operations.
o Monitored financial processes, identifying operational risks and inefficiencies,
and took corrective actions to streamline operations and improve accuracy in
reporting.
o Assisted in the development and monitoring of budgets, performing variance
analysis and providing operational insights to ensure financial goals were met.
o Managed payroll processing and employee benefits, including Provident
Fund, EOBI, reimbursements, and the company car program, ensuring all
operations ran smoothly and in compliance with relevant regulations.
o Ensured all withholding tax obligations were met, managing the timely
deduction, payment, and filing of tax returns to reduce compliance risk.
o Handled tax compliance functions, including filing of withholding tax
statements, Sales Tax Returns, and income tax returns, ensuring the company
remained fully compliant with tax regulations.
o Coordinated with tax authorities and external consultants to secure
exemptions for IT export services and address any tax-related issues, helping
to optimize the company’s tax strategy.
o Maintained strong relationships with banking partners to ensure the
best possible corporate deals, managing operational banking transactions
efficiently.
o Supported external audit coordination by preparing and providing relevant
financial information to auditors, ensuring timely completion of audits.
o Focused on team coordination and performance management, ensuring staff
were properly trained and aligned with the operational objectives of the finance
and tax departments.
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Fatima Group
Deputy Manager Accounts & Taxation
June 2016 - November 2020 (4 years 6 months)
Defence, Lahore
o Ensured the accurate and timely filing of corporate tax returns and
withholding tax statements on a monthly, quarterly, and annual basis,
mitigating compliance risks and ensuring tax deadlines were consistently met.
o Managed the response to tax notices, including those related to withholding
tax, income tax audits, and sales tax, liaising with tax authorities and external
consultants to resolve tax matters and ensure regulatory compliance.
o Optimized the company's tax structure by identifying opportunities for tax
planning and minimizing tax liabilities, thereby reducing cash outflows and
enhancing financial efficiency.
o Actively monitored and implemented tax amendments and updates, ensuring
timely adjustments to organizational processes to comply with changes in tax
legislation.
o Led the implementation of standardized work papers and automated
systems for processing tax-related data, utilizing Oracle software to streamline
federal and local tax compliance.
o Conducted periodic internal reviews and audits to ensure tax compliance
procedures were followed, identifying areas for improvement and addressing
any non-compliance issues.
o Directed internal investigations into compliance matters, ensuring any issues
were properly identified and investigated for corrective actions.
o Developed and communicated written policies and procedures for
compliance activities, ensuring clarity and consistency in the tax department's
operations.
o Collaborated with cross-functional teams to build a results-oriented tax
function, fostering teamwork and ensuring tax department goals were met
effectively and efficiently.
Key Achievement:
Successfully built and developed a results-oriented tax function, working
closely with other team members to meet the department's objectives and
ensure efficient and effective tax compliance operations.
Rudolf Pakistan Pvt Ltd.

Assistant Manager Accounts & Taxation
January 2015 - June 2016 (1 year 6 months)
Lahore
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Rudolf Pakistan is partly owned subsidiary of Rudolf GMBH, a German
based textile chemicals dyes & enzymes manufacturer. Key areas of my
responsibilities & selected accomplishments at Rudolf Group included:
• Monitoring and analyzing accounting data and produce Monthly/Quarterly

& annual financial reports or statements, performing variance analysis and
advising management accordingly.
• Ensuring compliance with accounting standards Income Tax & Sales Tax
Laws ensuring that day to day transactions of the company are in conformity
with such laws and generally accepted accounting principles.
• Preparation and filing with FBR of monthly quarterly and annual statements/
returns of withholding taxes, income tax & sales tax.
• Provide internal tax advisory services and support on business operation
matters to the company.
May major achievements at Rudolf group included;

• Playing vital role in implementation of new ERP financial system and
supervise the parallel run with existing MIS.
• Restructuring of Tax department, defining SOPs and improvement of

processes in the company in collaboration with other tax team members and
designed implemented and ensured compliance with revised policies of the
company.
MGI Ilyas Saeed & Co. Chartered Accountants

Audit & Tax Associate
June 2011 - January 2015 (3 years 8 months)
Lahore
MGI ISCO is a member firm of Midsnell Group International and One of the
oldest and well renowned firms of Chartered Accountants. The firm offers a set
of services ranging from accounting to auditing, tax compliance / advisory and
related financial services to management consulting and corporate advisory.
Major responsibilities at various stages of my article-ship included;
Audit & Assurance

• Performed annual statutory audits of various listed and unlisted clients as per
International Standards on Auditing and global auditing practices.
• Reviewed and finalized financial statements in compliance with IFRS and
other regulatory requirements.
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• Undertook planning and finalization of engagements, resolution of key
issues arising out of engagements, reporting on compliance with statutory
requirements and mandatory communication with those charged with
governance.
• Designed periodic internal audit work programs to assess the effectiveness
of design and operational efficiency of controls of assigned areas.
• Improved design and effectiveness of internal control system by
recommending remedial actions.
• Worked with engagement partner and manager for preparation and
presentation of deliverables before the executive management, Audit
Committee and the Board of Director
Taxation
• Calculation and E-filing of income tax returns of companies, AOPs &
individuals.
• Calculation of sales tax along with E-filing of monthly, quarterly and annual
sales tax returns.
• Preparation of Cash Account, Wealth Statement and Wealth Reconciliation
Statement.
• Handling special nature engagements including consultancy assignments.
Corporate Services
• Meeting various compliances required as per Companies Ordinance 1984.

• Preparation and filing of Company Annual Returns (Form O, Form 29 etc.)
with Securities & Exchange Commission of Pakistan (SECP).
USAID
Management Trainee
December 2010 - March 2011 (4 months)
Lahore
12 weeks internship with USAID proved to be a perfect start of my professional

career. It not only imparted me with a lot of learning about transparent
procurement and subcontracting policies & procedures at international level
but also groomed my interpersonal communication skills within and out of
organization.
Education
Institute of Chartered Accountants of Pakistan
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Chartered Accountant-CA, Accounting Finance Audit &
Taxation · (2008 - 2017)
University of the Punjab

Masters of Economics, Economics · (2011 - 2013)
Page 6 of 6

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Top Skills Summary

o Led and managed key accounting functions, including Accounts Payable,

o Managed the day-to-day preparation and review of financial reports,

Rudolf Pakistan Pvt Ltd.

• Monitoring and analyzing accounting data and produce Monthly/Quarterly

May major achievements at Rudolf group included;

• Restructuring of Tax department, defining SOPs and improvement of

MGI Ilyas Saeed & Co. Chartered Accountants

Audit & Assurance

• Meeting various compliances required as per Companies Ordinance 1984.

12 weeks internship with USAID proved to be a perfect start of my professional

University of the Punjab

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