Junaid Zafar, ACA

• Develop annual financial plan in coordination with CFO, marketing and production department. Prepare operational plans to achieve annual targets; present detailed financial plan to senior management for their approval.

• Prepare monthly financial reports to compare and analyse variance against targets and to report on the achievement of financial KPIs i.e. Gross profit margin, EBITDA, net profit and cash flows.

• Participate in corporate planning, including long term forecasts, feasibility studies and the allocation of resources for business wide projects; evaluate investment projects using financial projections and discounted cash flows.

• Supervise activities related to month end closing of accounts, maintenance of general ledger, fixed assets and reconciliation of accounts payable and receivable balances. Ensure compliance with income and sales tax laws and regulations.

• Prepare, examine and analyse accounting records and financial statements (monthly, quarterly and annually) in accordance with International Financial Reporting Standards (IFRS). Ensure changes in IFRS and regulations are properly implemented.

• Prepare cash flow forecasts and manage working capital requirements to ensure availability of adequate funds for operations; arrange finance facilities from banks and negotiate on the pricing of such facilities.

• Getting the financial statements audited by external auditors, responding to their queries and finalizing audit report.

• Developed and motivated a team to deliver high quality outputs in the most effective ways while ensuring their personal and professional development.

• Streamlined procedures by strengthening accounting controls on the recording of accounts receivable, payable, inventory and shortening the month end closing process, overhauling the accounting department, improving the accuracy and relevance of accounting records.

• Identified cost drivers for manufacturing and overhead costs and implemented controls on the cost drivers to reduce costs to the optimal level.

• Assist CFO in the development of financial plan by developing budgets; regularly preforming financial analysis to monitor and review performance against established targets / budgets.

• Coordinate with sales and production department heads to obtain their commitments on targets / budgets and regular reporting on actual performance against targets.

• Develop, analyse and report on achievement of key performance indicators (KPIs) i.e. Gross margin, EBITDA, net profit and free cash flows of the company.

• Identify cost drivers for direct and indirect costs and recommend suitable cost reduction measures to the management that lead to improved business profitability.

• Implement effective accounting standards, policies and procedures that resulted in shortening of month end closing processes, effective fixed asset management, and improved accuracy, consistency and relevance of accounting reports.

• Supervise activities related to month end closing of accounts, maintenance of general ledger, reconciliation of accounts payable and receivable balances.

• Prepare monthly, quarterly and annual financial statements for statutory reporting, in line with legal / regulatory requirements and accounting standards.

• Manage working capital requirements to ensure availability of adequate funds for operations and capital expenditure; liaison and negotiate with banks for financing requirements.

• Identify and evaluate suitable investment opportunities using NPV, IRR and payback period and recommending based on the risk appetite of the organization.

• Supervise activities related to compliance with tax laws and ensuring sales and income tax returns are filed on timely basis.

• Getting the financial statements audited by external auditors, responding to their queries and finalizing audit report.

• Lead, motivate and develop a team to deliver high quality outputs in the most effective ways while ensuring their personal and professional development.

• Performance of risk assessment procedures to identify potential risk areas and devising audit strategy and audit plan to address risks facing the organization.

• Carry out internal audit reviews by developing audit programs to ensure audit is conducted in the most efficient and effective manner and audit objectives are achieved.

• Ensuring compliance with the relevant laws, regulations and standard operating procedures.

• Carry out reviews of internal controls to ensure they are adequate and effective in the prevention, detection and correction of errors and irregularities.

• Performance of financial audits to evaluate the integrity of financial information and reliability of financial reporting.

• Performance of other assignments, Investigations and Special Assignments as assigned.

• Drafting audit reports to report audit findings along with implications and recommendations.

• Conducting meetings with the management to obtain agreements on findings and recommendations and regularly performing follow ups on implementation of those actions

• Ensuring compliance of issues raised by external auditors and regulators.

• Review of financial statements based on the International Financial Reporting Standards (IFRSs) and local laws and regulations.

• Development of overall audit strategy and audit plan based on Risk Based Methodology in accordance with International Standards on Auditing (ISAs).

• Development and performance of Tests of Controls to evaluate internal controls are appropriately designed and are working efficiently and effectively.

• Development and performance of substantive audit procedures based on the results of Risk Assessment procedures and test of controls to obtain sufficient appropriate audit evidence and to minimize audit risk.

• Assignment of work to team members and leading the team to ensure that work is completed within budgeted time.

• Preparation of audit report and management letter to communicate issues identified during the review of financial statements.

• Performance of due diligence assignments and other special assignments.

During my career, I worked as Engagement Auditor in Ernst & Young, Doha in Tax department. My responsibilities were:

-Planning the audit of Tax Clients.
-Development and performance of substantive audit procedures.
-Preparation of Financial Statements i.e Balance Sheet, Profit and Loss account and Cash Flow Statements
-Calculation of Tax.
-Filing of Tax Returns with taxation authorities.