Hafiz Asim, Senior Finance Manager

Hafiz Asim

Senior Finance Manager

Dual International Kuwait

Location
Kuwait
Education
Master's degree, Finance and Business
Experience
7 years, 4 Months

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Work Experience

Total years of experience :7 years, 4 Months

Senior Finance Manager at Dual International Kuwait
  • Kuwait - Al Kuwait
  • My current job since January 2017

 Review operational performance minutely to identify the areas of improvement
 Highlighting risk measurement associated with operational and investment costs
 Identification of areas for cost reduction through efficient, centralized services
 Share the best practices and review performance with the departments
 Detailed monthly review of financial reports including profit & loss statement, balance sheet and cash flow and highlighting the gaps for immediate correction
 Preparation of Capex business cases using internationally accepted techniques
 Preparation of short and long range business plans

Senior Finance Manager at Dual International Kuwai
  • Kuwait - Al Kuwait
  • January 2017 to August 2018

 Review operational performance minutely to identify the areas of improvement
 Highlighting risk measurement associated with operational and investment costs
 Identification of areas for cost reduction through efficient, centralized services
 Share the best practices and review performance with the departments
 Detailed monthly review of financial reports including profit & loss statement, balance sheet and cash flow and highlighting the gaps for immediate correction
 Preparation of Capex business cases using internationally accepted techniques
 Preparation of short and long range business plans

Controller
  • to

Review operational performance minutely to identify the areas of improvement
 Highlighting risk measurement associated with operational and investment costs
 Identification of areas for cost reduction through efficient, centralized services
 Share the best practices and review performance with the departments
 Detailed monthly review of financial reports including profit & loss statement, balance
sheet and cash flow and highlighting the gaps for immediate correction
 Preparation of Capex business cases using internationally accepted techniques
 Preparation of short and long range business plans
2
Previous Role:
Management
1. Maintain a documented system of Accounting Policies and Procedures
2. Oversee the operations of the Accounting Department, including the design of an
organizational structure adequate for achieving the department's goals and objectives
3. Oversee the accounting operations of subsidiary corporations, especially their control
systems, transaction-processing operations, and policies and procedures.
Reporting
1. Issue timely and complete financial statements
2. Coordinate the preparation of the corporate annual report
3. Recommend benchmarks against which to measure the performance of the company
4. Manage the production of the annual budget and forecasts
5. Calculate variances from the budget and report significant issues to management
6. Provide for a system of management cost reports
7. Provide financial analyses as needed, in particular for capital investments, pricing
decisions, and contract negotiations
Financial Transactions
1. Ensure that Accounts Payable are paid in a timely manner
2. Ensure that Accounts Receivable are collected promptly
3. Process Payroll in a timely manner
4. Ensure that periodic Bank Reconciliations are completed
5. Periodic Fixed Asset Verification - For High Risk Items with CIP Reconciled
6. Maintain the chart of accounts
Compliance
1. Coordinate the provision of information to external auditors for the annual audit
2. Monitor debt levels and compliance with debt covenants
3. Comply with local, state, and federal government reporting requirements and tax filings
3

Education

Master's degree, Finance and Business
  • at University of Punjab
  • December 2000

Specialties & Skills

Financial Analysis
Reporting
Financial Risk
Business Case
BANK RECONCILIATION
BUDGETING
BUSINESS PLANS
CASH FLOW
CONTRACT MANAGEMENT
COST CONTROL
ACCOUNTS RECEIVABLE
ACCOUNTANCY
ACCOUNTS PAYABLE

Languages

English
Expert

Training and Certifications

Financial Management (Training)
Training Institute:
American Institute of Kuwait
Date Attended:
April 2016
Duration:
75 hours

Hobbies

  • Reading Business and Economics Articles
     Share the best practices and review performance with the departments  Detailed monthly review of financial reports including profit & loss statement, balance sheet and cash flow and highlighting the gaps for immediate correction  Preparation of Capex business cases using internationally accepted techniques  Preparation of short and long range business plans