Muhammad Abu Bakar FCCA, Chief Financial Officer

Muhammad Abu Bakar FCCA

Chief Financial Officer

New Perspective Media Group

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Finance and Compliance
Experience
12 years, 9 Months

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Work Experience

Total years of experience :12 years, 9 Months

Chief Financial Officer at New Perspective Media Group
  • United Arab Emirates - Abu Dhabi
  • My current job since November 2018

Key achievements in current role:
• Streamlined, reconciled & consolidated past 7 years financial reporting system
• Restructured Group financial reporting framework in three different territories/regions
• Restructured financial policies and implemented Group wide internal controls
• Prepared and monitored Group wide budgets
• Closely monitored and reported key numbers on
profitability to the BOD on monthly/quarterly basis
• Structured a Group wide plan to improve profitability
and successfully enhanced it by 100%
• Represented, negotiated and closed litigations on behalf
of the Group
• Enabled the Group to attract investments for future
Mergers and acquisition (M&A)
• Successfully executed the due diligence process as a
bridge between acquirer and Group’s stakeholders

Finance Manager at Security International Services LLC
  • United Arab Emirates - Dubai
  • September 2016 to November 2018

• Managed the monthly financial and management reporting timetable ensuring that the financial reporting timetable is adhered to all stakeholders.
• Prepared monthly and yearly cash flows to address the prospective results of strategic plans of the group companies
• Prepared individual and group’s annual financial & revenue budget and monitored the performance against actual results through analytical skills.
• Managed payroll of more than 700 staff on monthly basis.
• Prepared long-term feasibility reports on new investment ventures for group using discounted and free cash flow models

Finance Supervisor at Ines Macaron Sweet LLC
  • United Arab Emirates - Dubai
  • April 2015 to September 2016

• Budgeting and forecasting
• Variance Analysis
• Supervision of accounts department
• Payroll Management
• Liaison with Banks and Auditors
• Receivables and Payables Management

Audit Executive at BKR International Chartered Accountants
  • Pakistan - Lahore
  • August 2012 to February 2014

BKR International is world's top 10 accountancy firm. My role as an audit executive was:

• Assisted and supervised the audit of various Public, Private and Stock Exchange listed companies of Pakistan.
• Ensured the performance of Audit is in accordance with the applicable on Auditing (ISA) and respective regulations.
• Prepared Financial Statements to ensure they fully meet financial reporting requirements.
• Assisted in implementation of Oracle ERP

Financial Accountant at Arrow Head Petroleum (pvt.) Limited
  • Pakistan - Lahore
  • October 2009 to November 2011

Performed all basic accountancy functions to record and process financial information on daily basis and convert them all to something meaningful to report to the management.
• Accounts payables management
• Accounts receivables management
• Inventory management
• Preparation of monthly financial statements
• Bank and cash reconciliations
• Payroll management

Education

Master's degree, Finance and Compliance
  • at Chartered Institute of Securities & Investment
  • April 2018
Master's degree, Corporate Reporting (IAS, IFRS), Audit (ISA), Tax, Business Analysis, Finance
  • at Association of Chartered Certified Accountants
  • December 2013

Member of THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS, UNITED KINGDOM.

Bachelor's degree, Accounting, Audit and Tax
  • at University of the Punjab Lahore, Pakistan.
  • August 2008

Specialties & Skills

Financial Accounting
Financial Reporting
Financial Forecasting
Internal Controls
ERP Oracle
Financial Accounting
QuickBooks
Receivables & Payables management
Corporate Reporting
Financial Management
Budgeting
Forecasting
MS Office
MS Excel
annual budgets
mis reporting
auditing
payroll
planning
team management
analysis
procurement

Social Profiles

Personal Website
Personal Website
abubakarphotography.com

Languages

English
Expert
Urdu
Expert
Arabic
Beginner

Memberships

ACCA United Kingdom
  • Fellow member
  • December 2014
UAECA - Accountants and Auditors Association UAE
  • Associate Member
  • June 2016
Chartered Institute of Securities & Investments - CISI
  • MCSI
  • April 2018

Training and Certifications

IFRS Updates (Training)
Training Institute:
ACCA Pakistan
Date Attended:
January 2014
Duration:
8 hours

Hobbies

  • Photography
    Winner Moscow International Foto Awards 2018 World’s Coolest Winter Challenge 2021 35 Awards - 2018 Published: National Geographic National Geographic Al Arabiya Nikon Middle East & Africa Dubai Media Abu Dhabi Media
  • Volunteer
    I am registered volunteer and active participant of Dubai Cares, Ministry of Community Development Abu Dhabi and Community Development Authority Dubai.