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Muhammad Ahsan Ashfaq, Assistant Manager – Accounts and Finance

Muhammad Ahsan Ashfaq

Assistant Manager – Accounts and Finance·KALO HOSPITALITY

United Arab Emirates

Higher diploma, Administration And Business Administration

Work experience

Total years of experience: 8 years, 11 months

Assistant Manager – Accounts and Finance

April 2024 - Present

KALO HOSPITALITY

Dubai, United Arab Emirates Hybrid

April 2024 - Present

As an accountant and cost major job responsibilities and key deliverables include:
• Preparing financial statements and management reports in a timely and consistent manner for monthly, quarterly and annual
reporting;
• Implementation of Odoo Software;
• Managing receivables and payables;
• Leading finance function that involves determining financial objectives, designing and implementing systems, formulating
policies and procedures to facilitate internal financial and process controls;
• Value added tax (VAT) and Corporate tax;
• Improving the impact, and understanding, of financial reporting on business performance;
• Developing analytics around key performance indicators to facilitate qualitative reporting.

Company industry:
Catering, Food Service, & Restaurant

AM Accounts and Finance

January 2022 - November 2023

GRAND RIHLA (PRIVATE) LIMITED (A PROJECT OF ASE APPAREL)

Lahore, Pakistan Hybrid

January 2022 - November 2023

As an assistant manager accounts and finance, major job responsibilities and key deliverables include:
• Designing a sustainable financial structure;
• Relationships management with vendors, subcontractors, and suppliers and reviewing contracts of the company and ensuring
proper implementation and adherence to the contract by all (internal and external) the stakeholders;
• Assisting all department leads by reviewing and monitoring expenditure and compliance in each department;
• Assisting and collaborating with top management in procurement;
• Preparation of management financial statements in accordance with the International Financial Reporting Standards (IFRSs);
• Monitoring of projects financial aspects and provide regular financial reports and advice to management;
• Preparation of budgets and projections for the project including construction costs;
• Management of bank accounts and general ledger accounts, related parties and Inter-company reconciliations;

Company industry:
Construction & Building

AM Accounts and Finance

October 2021 - November 2023

ASE APPAREL (PRIVATE) LIMITED

Lahore, Pakistan

October 2021 - November 2023

As an assistant manager accounts and finance, major job responsibilities and key deliverables include:
• Preparing financial statements and management reports (including separate and consolidated financial statements as per IFRSs)
in a timely and consistent manner for monthly, quarterly and annual reporting;
• Improving the impact, and understanding, of financial reporting on business performance;
• Providing variance analysis and delivering insight that links financial reports to business strategies;
• Support month-end closing, ensuring books are complete and timely closed, monitor and review monthly Trail balance (TB) to
control and rectify any errors, variances or irregular transactions;
• Building partnerships and maintaining strong relationships with all senior managers and their teams, specifically with sales,
marketing, branding and product development teams;
• Working as an interface or translator between finance and operations, and partnering with the leadership team to ensure
delivery of financial targets;
• Leading finance function that involves determining financial objectives, designing and implementing systems, formulating
policies and procedures to facilitate internal financial and process controls;
• Analyzing current performance, prioritizing growth opportunities, preparing business plans and financial models, and
implementing corrective actions;
• Developing analytics around key performance indicators to facilitate qualitative reporting; and
• Ensuring compliance with laws, regulatory filing/requirements, and payments such as liaising with internal and external auditor
and managing laws and taxes including corporate tax, withholding tax, value added tax (VAT) and any direct or indirect tax.

Company industry:
Accounting

Assistant Manager Finance

January 2021 - August 2021

Courage2Shine

Lahore, Pakistan

January 2021 - August 2021

• Actively involved in management decisions, shaping strategy and the direction of the business;
• Supervising day-to-day accounting of the company;
• Preparation of monthly, quarterly, and annually financial statements; and
• Ensuring compliance with laws and managing statutory filing requirements such as liaising with external auditor and managing taxes including corporate tax, withholding tax, value added tax and any direct or indirect tax.

Company industry:
Chemicals Manufacture
Job role:
Accounting and Auditing

Senior Audit Associate and Corporate Consultant

July 2016 - May 2020

CROWE HUSSAIN CHAUDHURY & CO. (CHARTERED ACCOUNTANTS)

Lahore, Pakistan

July 2016 - May 2020

Major Job responsibilities include:

• Carrying assurance engagements from the planning stage to conclusion;
• Extensive application of the International Standards of Auditing (ISAs) on assurance engagements and ensuring that the financial statements prepared by the client are in accordance with the International Financial Reporting Standards (IFRS) and all applicable local laws and regulations;
• Planning and devising systems’ documentation at the start of audit, covering the company’s operations and financial aspects;
• Perform analysis on financial data gathered from clients to substantiate audit evidence and identify trends;
• Recommendations in the form of Management Letter to add value to the audit;
• Review compliance with best practices of code of corporate governance; and
• Training all levels of staff assigned to me with on-job training and professional development of staff.

Company industry:
Financial Auditing
Job role:
Accounting and Auditing

Education

Institute of Chartered accontant of pakistan

January 2026

January 2026

Higher diploma, Administration And Business Administration

Pakistan

Certified Business Accountant
View attachment

Association of Chartered Certified Accountants

December 2025

December 2025

Higher diploma, Accounting, Finance, Business & Taxation

Great Britain (UK)

Advanced Diploma in Accounting and Business
View attachment

Institute Of Chartered Accountants of Pakistan

May 2015

May 2015

Higher diploma, Accounting, Tax and Finance

Pakistan

Skills

Bookkeeping
Expert
Bookkeeping
Expert
Financial Modeling
Expert
Financial Modeling
Expert
Accounts
Expert
Accounts
Expert
Auditing
Expert
Auditing
Expert
Financials
Expert
Financials
Expert
Accounts
Expert
Accounts
Expert
AUDITING
Expert
AUDITING
Expert
ANALYTICAL SKILLS
Intermediate
ANALYTICAL SKILLS
Intermediate
COMPOSITE MATERIALS
Intermediate
COMPOSITE MATERIALS
Intermediate
DETAIL ORIENTED
Intermediate
DETAIL ORIENTED
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
INTERPERSONAL COMMUNICATIONS
Intermediate
INTERPERSONAL COMMUNICATIONS
Intermediate
LEADERSHIP
Intermediate
LEADERSHIP
Intermediate
MANAGEMENT
Expert
MANAGEMENT
Expert
MANAGEMENT REPORTING
Expert
MANAGEMENT REPORTING
Expert
RETAIL EXPERIENCE
Intermediate
RETAIL EXPERIENCE
Intermediate
Corporate Tax
Expert
Corporate Tax
Expert
VAT
Expert
VAT
Expert

Languages

Urdu
Native Speaker
English
Intermediate
Punjabi
Native Speaker
Hindi
Intermediate

Training and Certifications

Certifications
Certified in Accounting and Finance (CAF)
Certified Business Accountant Advanced Diploma in Accounting and Business
Certified in Accounts and Finance
May 2015

Hobbies

  • Cricket, Traveling