Faizan Ashraf

Financial Reporting Manager at Network International LLC

• United Arab Emirates - Dubai
• My current job since August 2017

Part of team within the group who led successful IPO in London Stock Exchange
Finalization of Group Consolidated Management Accounts
Preparation of Group Consolidated Statutory Accounts
IFRS 9 and 15 impact analysis on Subsidiaries and on Group
IFRS 9 and 15 implementation
Early adoption of IFRS 16
Preparation of Accounting Papers on various accounting and IFRS related matters
Teamed with Opeartions and Buisness intellectuals to develope accounting Product Plan
Group Cash Balance and Working Capital reporting
Finalization of Local and assistance in foreign subsidiaries interim and year-end Statutory Audit
Advisory engagements
Competitors financial analysis and comparisons
Customers financial analysis before business engagements
Ad-hoc Management and Shareholders requirements

Assistant Manager Consolidation and Reporting at ENPI Group

• United Arab Emirates - Dubai
• May 2015 to July 2017

 Finalized monthly Group Consolidated financial statements and Stand-alone financial statements as per IFRS
 Financial reporting to Management with variance analysis and providing the reasons thereof
 Financial reporting to intermediate and ultimate parent groups with notes
 Monthly analysis of TB to confirm accuracy of numbers and Quarterly Analysis of P&L and BS
 Conducted Interim Condensed consolidated financial reports and reporting to Parent companies, requirement of Saudi Stock Exchange (Tadawul)
 Management reports on ad-hoc basis including comparatives analysis and pro-forma financial statements
 Strengthen control function by review/implementation of Financial accounting tools and cut-off reports
 Reduced reporting cycle by developing uniformed month end closing tools for Business Units
 Prepared and provided to Auditors with FS notes and disclosures for stand-alone and consolidated Fs
 Supervised Statutory Audits of Business Units in UAE and KSA and reviewed FS
 Reviewed Group Consolidated Financial Statement
 Engaged with external independent valuer for valuation of Investment Property.
 Engaged with external independent valuer to finalize PPA, computation of Goodwill, allocation of goodwill to CGU’s and annual impairment test of Intangible Assets
 Reviewed financial performance and determined cash needs by preparing multiyear Income statements, Balance sheets and Cash flow models
 Calculation of EBITDA by Business Units, Divisions and Group wise to keep a check on Bank covenants
 Teamed with Operations and Business intelligence to develop/enhance real-time dashboard reports on IBM Cognos

Senior Accountant at Reem Emirates Aluminum LLC

• United Arab Emirates - Abu Dhabi
• April 2010 to April 2015

 Finalized monthly financial Statements and consolidated inter-company accounts
 Management Reports, inter -company GL Reconciliation and Related parties account reconciliation
 Developed and managed statistical MIS reports - monthly comparative operative expense analysis, half yearly and annual income statements and other MIS reports as and when required by the management
 Delegating. Checking and Initiating work of juniors, validated and posted all AP, AR and CM entries to GL
 Monitor cash flows and ensure that funds are arranged in the most cost effective manner after projecting accurate cash forecast ensuring that there is no shortage of cash in hand for all current and postdated payments
 Handled all treasury functions, including OD, Term Loan Facility, and liaison with bank for renewal of advance and performance guarantees
 General ledger accounts monitoring and reconciliation and preparing schedule required by management
 Fixed Assets Management
 Monitored the receivables/payable and weekly and monthly aging reports to the executive management
 Checked, accounted and validated Subcontractor payment certificates
 Maintenance of bank related records, regular follow-up with Banks for L/C and TR payments for Imports
 Payrolls -Preparation and Allocation of Worker and Staff Salary by Project Wise in ERP Project Cost Module
 Reconciled all the bank statements with the relevant bank accounts periodically in ERP CM Module
 Managed prepaid expenses and monthly JV allocation in GL, supervised prepayments to supplier and allocations
 Assisted cost department by submitting monthly project wise cost and QS department for monthly billing
 Co-ordination with the Internal & External Auditors during the Audit work

Accountant at Power Chemical Industries Pvt. Ltd.

• Pakistan - Faisalabad
• September 2008 to February 2010

Management Trainee at Dubai Islamc Bank Pakistan ltd.

• Pakistan - Lahore
• May 2008 to July 2008