MUHAMMAD FAROOQ KHATRI

Flat # 5, 2nd Floor, Block-E, Shalimar Garden, Fawara Chowk, Garden Wes, Garden, Karachi.
Mobile: +92-346-8214370, +92-300-2472863
Email: farooqkhatri2011@hotmail.com

Seeking a challenging opportunity to demonstrate my skills & gain experience in an institution that has the vision &
potentials for offering scope in career growth & professional development.

Professional Experience

Edenrobe Apparel – Team Lead – Costing July 2022 – Present

• Analyze manufacturing costs & prepare regular reports comparing standard costs to actual production costs
• Reconciliation of Stock Ledger
• Reconciliation of Labor Contractors Ledger
• Coordinate with relevant personnel in Supply Chain to gather relevant information for cost estimates
• Coordinate with vendors to resolve issues related to invoices
• Presenting reports that specify & compare factors that affect prices & profitability of products/services
• Make estimates of new and proposed product costs
• Analyze and recommend costs and cost savings
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost
• Analyze the data collected and log a detailed record of the results
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost
• Ensure costing is done as per the standard formula
• Check and verify the process/operations are being done properly
• Supervise Job order cost accounting of apparel articles

K-Electric Limited – Manager Finance – Business Finance September 2020 – June 2022

• Responsible to provide cost visibility to leadership level on monthly intervals for consumption against
budget along with variance analysis.
• Conducting sessions with cluster heads on regular intervals to provide understanding of the analysis
presented in monthly/ quarterly reports.
• Responsible for monthly closing process in timely and accurately manner.
• Design effective budget model and lead the overall Revex budget for Distribution unit, along with
highlighting opportunities for cost curtailment/ rationalization to incorporate in the budget.
• Presenting the total budget along with proper justifications/ reasonings of each head to Leadership for
approval.
• Responsible for assessing business requirements and advise solutions towards critical areas.
• Reviewing and assisting in approval of Purchase Approval Summaries/PR/PO in accordance with
Financial Mandates and Procurement manual.
• Review and approve processing of ROs, SES & invoices and ensuring timely payments to vendors within
agreed time.
• Enabled users to monitor their performance on day to day basis by providing GL authorization.
• Other reporting tasks as advised by management from time to time.

K-Electric Limited – Manager Finance – CARF November 2014 – August 2020

• Responsible for all billing and non-billing related credit transactions executed in resolution of billing
complaints as well as through the amnesty schemes launched by the Company.
MUHAMMAD FAROOQ KHATRI
• Prepare & implement uniform policy across the Company for all credit transactions and prepare a
mechanism to resolve complaints effectively to improve company's goodwill.
• Ensure all credits entries are passed in compliance with NEPRA regulatory requirements.
• Issuance of monthly CARF performance reports to IBCs/ Cluster Heads highlighting the keys areas
for improvement, also provide insights on key activities performed during the month.
• Established an IT portal/ platform for users to submit allowance cases via portal.

Reckitt Benckiser Pakistan Limited – Assistant Manager Accounts July 1993 - October 2014
Joined as Accounts Executive and promoted to Assistant Manager Accounts
• Preparation and submission of different reports/returns as per SECP & statutory requirements and
stock exchanges.
• Preparation of budgeted accounts, projections, cash forecasting and variance controlling reports.
• Liaison with internal and external auditors for timely closure of observation and implementing
remedial measures.
• Analyzing and anticipating the company’s need for cash to ensure that liquidity and credit lines are
adequately managed.
• Preparation and reconciliation of all account receivable accounts and prepare monthly reports for
same and management reporting to region and head quarter.
• Maintaining and reconciliation of Inter-company account by sending confirmations and discussion with
respective countries and ensure mis-match report at month end.
• Monitoring of Trade Marketing and Marketing budget, spend, accruals on monthly basis and their
audit.
• Fixed Assets additions &Preparation as per approval mandate and policy, maintaining CWIP account
and reconciliation of related GL accounts.
• Physical verification of Fixed Assets.
• Periodic physical stock count and their adjustments.

Spencer Pharma (Pvt) Ltd. (formerly Fisons Pakistan (Pvt) Ltd.) April 1987 – Jun 1993
Joined as Assistant Accountant and promoted to Accountant
My responsibilities were:
• Review and approve vendors’ invoices and payments within agreed time.
• Preparation of all books of accounts including Trial balance, sales/ purchase registers, inventory valuation
books and Bank reconciliations etc.
• Prepare and posting of general entries, goods receiving notes etc.
• Preparing complete documentation of LC establishment and monitoring their payments and provision of
allied costs therein.
• Preparation of landed cost report for imported goods.
• Periodic physical stock count and their adjustments.

Education
Associate Cost and Management Accountants of Pakistan (ACMA)
Finalist (1 paper to qualify)

Technical Skills
▪ Proficient in use of FICA and MM modules of SAP
▪ End user of automated ERP and accounting packages such as Microsoft, JD Edwards, BPCS, Fox-Pro, Quick Books,
etc.

Other Achievements
MUHAMMAD FAROOQ KHATRI
▪ Won award of recognition of compliance of statutory requirements in timely manner
▪ Won award of timely processing of credit notes of Trade Marketing
▪ Involved and recognized as active team member for compliance of statutory requirements and meeting deadlines
for project of Company D-listing, Capital Reduction
▪ Has been active member for arrangements of Company’s Finance Conferences

Availability
One-month notice period