Mubasher فاروق

Senior Finance Manager. Dubai, UAE
Financial Reporting & control
▪ Monthly Financial reporting as per IFRS for all subsidies of Legend investments including 06 businesses
▪ Dashboard reporting, including finance and operations
▪ Monitoring established KPI within finance department
▪ Reviewing budgeted & actual financials and recommendingBusiness unit Manager for further action to be taken
Planning & budgeting.
▪ Preparing financial budget and projecting financials statements
▪ Reporting variances to business unit manager for taking corrective action
▪ Quarterly review and analysis and recommending corrective actions to align with financial projections.
Company’s Strategies involvement:
Close coordination with all department heads for the budget and as well as company’s growth strategies and
formulations, preparing biding pricing strategy, setting the sales and revenue targets, and assigning to the head of
the department and keep monitoring and reporting the management according to KPI’s.
Audit & Taxation
▪ Managing along with VAT consultant, monthly compliance and reporting
▪ Quarterly VAT filing through vat consultants
▪ Corporate tax preparation along with CT consultants
▪ Interim audit and execution of all subsidiaries.
▪ Annual financial audit and review along with auditors.
▪ Implementing best practices within finance department and making sure no error found.
External Stake Holders
▪ Insurance companies & brokers to get negotiated rates with suitable terms & conditions.
▪ Supplier dealing in terms of negotiating the rates & finalizing with conditions.
▪ Credit Control management, Cash Flow Forecasting & Management along with
▪ Risk assessment and management
▪ Getting bank financing through different banks in UAE, making sure funds are available for business operations

Corporate & Regulators Relations:

 Dealing with RTA with finance and contracting department
 Dealing with DED department
 Dealing with company’s lawyer for legal compliance and procedures.
 Insurance companies & brokers to get negotiated rates with suitable terms & conditions.
 Supplier dealing in terms of negotiating the rates & finalizing with conditions.

Financial institutions Relations:
Dealing with different banks & investment companies handling group companies bank accounts and getting different facilities as per requirements and keeping relationship strong.

Company’s Financial Controlling & Reporting:
Overseeing all financials of the group, cash flows management, consolidated financial statements of the group, MIS reporting, managing finance and accounts team of the group, updating procedure time to time to utilize available resources well, monitoring fund flow, Dealing with auditors, overview of VAT, Payroll, financial Modeling & feasibilities.

Company’s Strategies involvement:
Close coordination with all department heads for the budget and as well as company’s growth strategies and formulations, preparing biding pricing strategy, setting the sales and revenue targets, and assigning to the head of the department and keep monitoring and reporting the management according to KPI’s.

Department assignments & orientation:
Assigning task, Motivational speech, get to gather within the finance team to retain and energetic, recommending appreciation & increments. Giving deadlines towards archiving a task, coordinating with the team time to time, Listing recommendations of finance team members

 Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
 Tracks financial status by monitoring variances from plan.
 Improves financial status by analyzing results and variances; identifying trends; recommending actions
 Handling of all kinds of accounts work upto finalization.
 Management of payroll and incentives for the staff and third party staff as well.
 Expense management.
 Reconciles transactions by comparing and correcting data
 Accounts payable & receivables, Credit worthiness evaluation of new & existing customers.
 Invoice issuance against the services provided after proper documentation /LPO
 Posting of all the financial vouchers in the Quikbooks(Accounting software).
 Producing monthly Time sheet as well their salaries and overtime.
 Reviewing and ensure that the Monthly Management Accounts are scrutinized thoroughly in order to maintain accuracy inآ P&L A/c and Balance Sheet
 Management of weighted average cost of capital and analysis of variances.
 Control and monitor the credit monthly balance of the clients.
 Making sure that all the financial transactions accurate and complete.
 Reporting of financial statements to top management.
 Trend analysis on quarterly basis to control the sales area where it falls.
 Follow up to the clients to minimize the debit balances of accounts.
 Reconcilation of suppliers accounts.

Accountable for making change, withdrawal and deposit transactions, assisting customers with loan payments, and responding to their queries.
Balancing of security stationery at the end of each month.
Review and verify deal details in capital markets and money marker dealings.
Daily balancing and ensures that all outstanding entries are adjusted.
Weekly/monthly/quarterly reporting to head office.
A close eye on banking scams and phishing attacks etc.
Posting of all the vouchers as well various reports to head Office. Checking and verifying transactions at the end of day.
Offer the profits rates as per decided by the management.
Profit payment on short term and long term investment.
Daily revaluation of currency.
Updating and monitoring credit limits for counterparties in money market and FX market.
Preparing the funds position.
Expense approval from higher management
Forecasting of all the variances about the profitability with close to the treasury department.
Focusing on the branches and advice to keep retain the maximum balance in the treasury.
Preparing and reporting on risk as per the reporting from designed by the risk manager.
Ensures transactions and reporting of activity is accurate and complete.
Cash payment & Cash receipts over the counter from the customers.
Ensures verification of all transactions and completeness of source documents, and related supporting documents joined with the manager operations.
Coordinating with internal and external auditors to monitor and balance all financial records.
Processing ATM cards requests.
Handling all customer requests in timely manner; looks for ways to improve efficiency and reduce turnaround time.
Ensures adherence to all regulatory guidelines e.g. proper identification, documentation when handing over cash or any transaction.
Transferring funds of Rupee Traveler Cheques.

 Monthly Cost Allocation for each distributor
 Managing the Corporate Accounts head,
 Responsible For budget for quarterly basis
 Duties include managing daily sales, helping team in meeting weekly targets.
 Keeping inventory and enforcing sale and conduct standards, according to Pakistan Telecommunication Authority.
 Regular reporting of complaints and handles them efficiently manner.
 Accounts payable & receivbles.
 Call back to customers that the complaints are resolved or in process.
 Maintain the satisfaction level through different types of marketing.
 Invoice issuance to the clients against the services provided.
 Assisting in cash collection from sales officers, keeping record of stock position.
 Processing orders to Head Office on daily basis.
 Auditing of the stock on monthly basis and report to Head Office.
 Manage the pay roll of staff and balance the incentives of sales staff.
 Weekly report to TSS(Treasury Sales Supervisor)

Statistics Instructor of senior level classes, especially intermediate and degree level courses