Aqib Raza Kahut

Sawaeed My role includes
• Led consolidation and reporting for a group of 11 companies,
ensuring timely and accurate financial reporting to parent entities
• Delivered monthly consolidated financial statements prepared as
pre IFRS and reporting packs to senior leadership, supporting strategic
decision-making
• Coordinated internal, external, and ICV audits, ensuring compliance
and timely closure of audit cycles
• Ensured full compliance with UAE Corporate Tax (CIT) and VAT
regulations, minimizing regulatory risks

• Managed financial operations across multi-country business (UAE,
Kuwait, Saudi Arabia)
• Led annual budgeting process and ongoing performance monitoring,
improving financial planning accuracy
• Strengthened cash flow forecasting and optimized utilization of credit
facilities
• Managed relationships with banks, handling LCs and bank
guarantees to support business operations
• Acted as primary liaison for internal and external audits, ensuring
smooth audit execution
• Improved accounts receivable processes, contributing to enhanced
cash collection efficiency
• Ensured timely and accurate group reporting in line with corporate
requirements

-Hydra Properties is property developer was established in 2006 and is wholly owned by Royal Group. Company has few projects in Abu Dhabi and one wholly owned subsidiary in Mexico. Major real estate projects include mix-used towers and town houses.

Reporting to Financial Controller and managing the team of two employee, my main responsibility includes following
• Preparing Consolidated Financial Statement, Monthly project-wise Cash Flow
• Monitoring the budget with actual expenses, ensuring that expenses should remain within limits
• Ensuring monthly closing of account and overseeing all project
• Involved in oracle financial implementation including Business Process Study, User Testing, Data upload in Oracle Financial 12i)
• Ensuring all payment are accrued and paid on time including managing escrow account
• Co-ordination with Internal & External Auditors
• Managing receivables, payables and fixed assets

Company engaged in renting of residential, commercial units and renting
labour accommodation. My role includes
• Prepared consolidated financial statements and MIS reports for group
level analysis
• Supported financing activities through preparation of documentation
and liaison with banks
• Led feasibility studies for new projects, supporting investment
decisions
• Improved financial reporting accuracy and ensured timely monthly
closing
• Strengthened audit readiness through effective coordination with
internal and external auditors

Hydra Properties is property developer was established in 2006 and is wholly owned by Royal Group. Company has several projects in Abu Dhabi while few project in Dubai and one wholly owned subsidiary in Mexico. Major projects include mix-used towers and town houses.

Reporting to Finance Controller and managing the team of three employee, my main responsibility includes following
• Preparing Consolidated Financial Statement, Monthly project-wise Cash Flow
• Monitoring the budget with actual expenses, ensuring that expenses should remain within limits
• Ensuring monthly closing of account and overseeing all project
• Involved in oracle financial implementation including Business Process Study, User Testing, Data upload in Oracle Financial 12i)
• Ensuring all payment are accrued and paid on time including managing escrow account
• Co-ordination with Internal & External Auditors
• Managing receivables, payables and fixed assets

Managing the financial performance and undertaking all the reports (internal or external), undertaken by organization with overseeing following areas of Accounts.

 Budget, Forecasting
(Preparation of Budget, Variance Analysis, Cash Flow Planning etc.)
 Management Reporting For Decision Making
(Costing of Product, Preparation of Analysis Pricing & Contract etc.)
 Letter of Credit Section
(Coordinating for LC Documents i.e. Invoices, Packing List etc. for submission to Bank, Costing of Import LC)
Book Keeping Section
(Preparation of Financial Statements, Finalization of Monthly Trial Balance & Inter Co. Accounts etc.)
 Reviewing Financial Reports
(Reviewing Receivable & Payable Details, Advances etc.)
Stores Accounts Section
(Stock Verification & Costing, Monthly Consumption etc.)
Sales Accounts Section
(Booking of Sales, Pricing etc)
 Special Assignment
(Being the part of ERP Development Committee, Worked on anti-dumping)
 Approving Finance Documents
(Approving Cash & Bank Payments, Invoices, Journal Vouchers etc)

Leading the financial department, Managing the financial performance, overseeing cash flows and undertaking all the reports (internal or external), undertaken by organization with overseeing following areas of Accounts & Finance.

Budget, Forecasting
(Preparation of Budget, Variance Analysis, Cash Flow Planning)

Management Reporting For Decision Making
(Break-Even Analysis, Pricing Decision, Ratio Analysis etc.)

Financing
(Dealing with Banks in Loans & Lease Financing)

Approving Finance Documents
(Approving Cash & Bank Payments, Invoices, Journal Vouchers etc)

Control Environment
(Responsibility Of Reviewing, Developing & Modifying Internal Control Process, Defining Procedures, Developing Policies etc.)

Reviewing Financial Reports
(Reviewing Financial Statements, Costing Of LPG, Receivable & Payable Details, Inventory Details etc.)

Software Development
(Coordinating with Software Developers in Developing Integrated Software)

Taxation
(Ensuring That All Sale Tax & Income Tax Requirements, Return & Statements etc Are Complied Properly & Timely)

Corporate
(Fulfilling SECP/Company Ordinance Requirements e.g. Form A, Form 29, Change In Capital etc.)

Govt. Reporting
(Preparing Monthly & Quarterly Reports Of Ministry Of Petroleum & OGRA)

Leading the finance department, managing the financial performance, overseeing cash flows and undertaking all the reporting (internal or external) undertaken by organization with overseeing following areas of accounts & finance department

Reporting
(Preparing Financial Projections, Preparing Balance sheets & Profit/Loss a/c etc)

Financial Management
(Working Capital Management, Lease Financing etc)

Foreign Currency Dealings
(Dealing with banks and exchange dealers, State Bank Reporting)

Payments
(Checking bank payments & receipts and approving cash payments and receipts)

Payroll & Provident Funds
(Checking the payroll, Checking Provident records & its payments)

Corporate Matter
(Preparation of Form A & Form 29, Minutes of Meetings etc)

Tax
(Assisting tax consultant in assessments and checking W. Holding tax statements)

Worked in an international reputed Chartered Accountants firm and gain experience in the fields of:
• Audit and Accounts
• Taxation
• Corporate Affair

Audit and Accounts

My practical exposure includes audit of organization ranging from both the Public and the Private sectors of the economy including manufacturing concerns, oil and gas and power generating companies.

My responsibilities include
• Preparation of reports/opinions
• Communications relating to the Internal Control weaknesses identified with appropriate recommendations
• Presentation and disclosure of the financial statements in accordance with IAS, Prudential Regulation and company laws requirement.
• Preparation of audit programmes & Performing audit procedures

Tax

My experience includes preparing the return of individual, advising clients on various income tax matters and preparation of monthly and annual statements of with holding tax.

Corporate

My experience includes the incorporation of foreign company, preparation of different form/ return required under company law.