Muhammad farooq safdar, Accounts & Finance Manager

Muhammad farooq safdar

Accounts & Finance Manager

Mansions Owners Association Management

Location
United Arab Emirates
Education
Master's degree, Accounts, finance, audit, management
Experience
7 years, 7 Months

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Work Experience

Total years of experience :7 years, 7 Months

Accounts & Finance Manager at Mansions Owners Association Management
  • United Arab Emirates - Dubai
  • October 2013 to October 2015

• Achieved and realized 10% reduction in the budgeted expenses and provide a reasonable margin for capital expenditure on the community management projects.
• Successfully negotiated the major service contracts with the suppliers some of them are big companies like G4S, Schneider Electric, Siemens and Farnek Facilities Management.
• Train new staff to develop a system to make sure every procedure is followed correctly in timely manner.
• advising directors on delivery and development of business plans, financials, managerial matters and proper allocation of resources.
• Monitoring the progress against agreed objectives and researching and reporting on factors influencing business performance.
• Supervise the whole range of Accounts Payable, Receivable, finance & Budget Preparation.
• Liaise with & assist internal & external auditors; implement recommendations if any; take corrective actions wherever required.
• Reporting to directors financial performance and operations by ensure accuracy of information contained in financial reports & their compliance with statutory requirements.
• interpreting financial information to directors. Monitoring and interpreting cash flows and predicting future trends.
• Developing financial management mechanisms that minimize financial risk. Developing external relationships with appropriate contacts, e.g. Auditors, Solicitors, Bankers and Statutory Organizations.
• Maintaining day-to-day financial control within budget. Ensuring that appropriate financial regulations and controls are in place and in use at all times.

Senior Auditor at Shuaila & Associates
  • United Arab Emirates - Dubai
  • November 2011 to March 2013

• I was responsible for the complete planning, execution and finalization of assignments and used to liaise with client management at the highest level.
• Checking presentation and disclosure of financial statements in accordance with applicable local laws & International Financial Reporting Standards (IFRS).
• Conduct meetings with clients, forward opinions and suggestions on sensitive issues; finalize the management letter and audit report.
• I have supervised various assignments during my tenure which include Due Diligence, Pre-award Survey, Financial Appraisals, Fixed Assets Verifications, Internal Audit and Statutory Audit of many clients.
• closely monitor different functions such as budgeting and control, accounts and finance, credit and recovery, procurement and disbursement, internal audit, information system management etc.
• worked in different section of the firm like Internal & External Audit Consultancy and cooperate sections.
• Used to make recruitment and selection of new trainees and define their training requirements.
• Audit experience includes companies dealing in manufacturing / production, Service Providers, Financial Institutions & Non-Profit Organizations also include internal audits, Cost Audits, Investigations & other special assignments.

Accountant at Packages Ltd.
  • Pakistan - Lahore
  • April 2008 to April 2011

• Coordinate & overseeing the accounting, financing, investing, funding and reporting activities at the company.
• Complete maintenance of the books of accounts in a computerized environment.
• Preparation of payroll, financial, cash flow and number of other reconciliation and management reports on routine basis.
• Ensure that company’s finance function is in line with the said directives and that total compliance with the International Financial Reporting Standards is made.
• Liaise & assist the internal and external auditors of the company.
• Monthly staff cost calculations such as payroll, provision for leave salary, gratuity etc.
• maintaining and managing employees’ provident, pension and Gratuity Funds.
• Assisting the preparation of financial statements of the company and other management accounts.
• During my tenure, I was also team member for implementation of SAP, an ERP system at the DIC Pakistan a group subsidiary company.

Auditor at ALHN Chartered Accountants
  • Pakistan - Lahore
  • January 2007 to December 2007

• Vouching of expenses (Admin & Marketing) and sale invoices in different assignments.
• Helping seniors in preparing the financial statements on different assignments.
• Helping seniors in preparing audit reports and management letters for different clients.
• Preparing schedules of different head in profit & loss account and balance sheet.
• Lesion between head office and audit team in various assignments.
• Audit experience includes audit of different companies such as : Innovative Investment Bank Limited, The World Bank, State Life Insurance Corporation of Pakistan, The Citizens Foundation (TCF), Lahore Gym Khana Club, Punjab Provincial Co-operative Bank Limited.

Education

Master's degree, Accounts, finance, audit, management
  • at ACCA UK
  • June 2009
High school or equivalent, Pre Medical
  • at BISE D.I.Khan
  • March 2003

Specialties & Skills

Finance
Internal Audit
External Audit
Account Management
Multi Tasking
SAP R3 FI and HR modules
Ms Office
Financial Reporting

Languages

English
Expert
Urdu
Expert
Hindi
Expert

Training and Certifications

My Strata Accounting Software (Training)
Training Institute:
My Strata
Date Attended:
October 2008
Duration:
30 hours

Hobbies

  • Current Affairs
    i am really have a keen interest on the things that are happening at the moment i use to write for a small newspaper in Pakistan