Director Accounting and Finance
PTH Financial & Insurance
Total years of experience :17 years, 0 Months
Accounting and Reporting - Daily Functions
• Ensuring all financial activities and reporting is prepared in an accurate and timely manner in compliance with company policies and procedures and accounting standards (GAAP).
• Managing and overseeing the daily operations of the accounting department area including GL, A/R and A/P.
• Reviewing appropriate ledger entries and reconciliations
• Achieving budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
• Providing status of financial condition by collecting, interpreting, and reporting financial data.
• Prepares special reports by collecting, analyzing, and summarizing information and trends.
• Completing month end, quarter end and year end closing.
• Complying with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on need actions.
• Creating, updating, and maintaining processes and procedures for the department; assisting with company processes and procedures as requested.
• Ensuring the goals and needs of the department, company and its customers are consistently met.
• Managing corporate, sales and payroll taxes, preparing and filing tax returns as per state and IRS rules & deadlines.
• Financial Planning and Analysis: Leading financial planning, budgeting, forecasting, and variance analysis processes to provide insights and recommendations to senior management.
International Financial Operations
• Managing the accounting aspects of international operations (USA & Pakistan), addressing currency issues, and ensuring compliance with local and international regulations.
• Collaborating with regional finance teams to standardize accounting practices and streamline reporting processes across different geographies.
Risk Management:
• Implementing effective risk management practices to safeguard company assets, mitigating financial risks, and maintaining financial stability.
• Treasury Management: Managing cash flow, liquidity, and working capital to support operational needs and investment opportunities.
• Developed and executed strategies for cash management, investment, and debt management.
Financial Compliance:
• Establishing and implementing internal controls and best practices and ensuring compliance.
Strategic Leadership:
• Providing strategic financial guidance and recommendations to the CEO.
• Participating in strategic planning, decision-making, and execution of key initiatives.
Team Leadership:
• Leading and mentoring the finance and accounting team, fostering a culture of collaboration, excellence, and continuous improvement.
• Assigning projects and direct staff to ensure all activities are processed into the system in an accurate and timely manner.
• Managing and developing accounting team to ensure compliance, efficiency and accuracy within the accounting operations.
• Hiring and training accounting staff
Financial Systems And Technology
• Evaluated and implemented accounting systems and technologies to enhance efficiency and accuracy in financial reporting.
• Always staying updated on emerging accounting technologies and recommending improvements to existing systems such as reporting, budgeting and data recording tools.
• Managed complete functions of finance department including data recording, GL reconciliation, receivables, payables, banks, assets ensuring completeness and accuracy.
• Managed the month end closing process and delivered the consist, timely, accurate high quality and insightful financial reports to facilitate and support decision making.
• Performing the monthly detailed performance and trend analysis to show key variance from budgets, forecasts and prior year.
• Preparing special reports on Attractions footfall, average spending and seasonal performance.
• Overseeing year end culminating process and preparation of statutory accounts under IFRSs.
• Preparing, presenting, implementing and monitoring the annual & monthly budgets & forecasts.
• Developing the Park admission prices, evaluating, analyzing and recommending the seasonal packages such as summer packages & family packages etc.
• Managing the daily revenue, footfall and events reports and conducting the trend analysis on daily basis.
• Prepared financial models to conduct scenario analysis and evaluation of potential projects and expansions i.e. new business line/attractions etc.
• Exploring and recommending alternative revenue opportunities to increase revenue within existing commercial partnership.
• Initiating cost reduction initiatives such as restructuring and process efficiency.
• Managing the cash flow and ensuring funds are available for all large-scale projects.
• Developing the growth and expansion plans for subsidiaries and presenting to C-suit and Chairman
• Leading and managing the large-scale JV and equity investment deals with investors (Hospitality, water Park, F&B, events management)
• Implemented VAT, overseeing the return filing and ensuring compliance to FTA law.
• Establishing and implementing internal controls and best practices and ensuring compliance.
• Conducting risk assessment and recommending mitigating actions.
• Safeguarding the company assets.
• Handling external and internal auditors (E&Y and KPMG) and addressing the findings.
• Overseeing the internal audit reports before finalization and presentation to audit committee.
F&B - Successfully managed 4 F&B outlets of three leading brands of restaurants Habib Beirut, Azzurro and Surf Café.
• Overseeing daily sales, cash report and inventory reports
• Conducting menu performance analysis to identify slow moving items
• Conducting performance analysis of inventory to identify if wastage and consumption is within the set levels
• Preparing management report
• Monitoring and controlling cost to ensure profitability of the restaurants.
• Overseeing the annual material supply agreement and pricing
• Preparing annual budget and projections
• Negotiating new franchise agreements
Retail - Successfully managing large retail store with local and international brands.
• Preparing budgets, monthly and annual reports
• Negotiating consignment agreements
• Conducting product performance analysis and identifying slow moving
• Preparing product profitability reports
Green Mubazzarah Al Ain
A high-end hotel property of 182 keys based in Al Ain
• Managing the operator relationships and reviewing the periodic reports and performing the monthly analysis
• Overseeing the daily occupancy and average spend reports, performing comparison analysis with market, budget and last year’s results.
• Performing demographic trend analysis and comparing and ensuring if it is aligned with plan and market trends.
• Preparing financial feasibilities for new investments
• Managed the complete finance operations and reporting to CEO.
• Financial reporting, financial analysis, budgeting, cash flows.
• Successfully negotiated the large project financing facilities.
• Significantly optimized the working capital, collections and stocks.
• Complete restructuring the finance and operations processes to achieve the efficiency and cost cutting
Production of financial reports for MD and BoD review and approval
Ensuring that financial and reporting variances are analyzed and suggesting the corrective actions
Preparation of annual budgets and performing variance analysis
Preparing statutory annual and monthly financial statements in compliance with IFRSs and local laws; Monthly Closing, Monthly reports, GL Reconciliation, Ledger scrutiny and analytics, finalization and consolidation of annual accounts.
Preparing interim forecasts
Prepared policies and procedures manual for the company and ensure they are implementation
Managing the production of statutory accounts and audit process
Maintaining the accounts receivable, collections, and analyzing them for provisioning
Safeguarding company assets, performing investigations and analysis as required
Managing the company’s accounting system and overall environment ensuring strong controls
Negotiating banking facilities and raising finance for projects including import and export LCs and LGs.
. Maintaining account receivables with strong follow up with clients to ensure timely collections;
Daily and monthly bank reconciliation and updating all the related records for cash flow preparation;
Maintain accounts payables with detailed scrutiny and verification before processing, reconciliation of AP accounts and monthly closing of AP Accruals;
Assisting the FM for monthly closing and preparing management reports;
Verifying, and reconciling daily retail sales from fifteen branches and manage Segregating cash & Credit sales;
Assisting finance manager in finalization of annual financial statements, consolidation and statutory audit
Worked on multiple client assignments including the following key clients in maintaining accounting record of fixed assets, sales, accounts receivables, payables and payroll etc.
Oil and gas sector: Pakistan Oil Field, Attock Refinery & Spud Energy.
Manufacturing: Pakistan Tobacco Company, Fauji Cement.
Telecom sector: PTCL/Etisalat, UFone & Alcatel Lucent France
Accountants and Auditors of UAE
ACCA (Associate Chartered Certified Accountant) - UK
BSC Hons in Accounting