Muhammad Anwar Ul Mustafa

Major accomplishments:

• Certificate of Appreciation for continued great performance, precise and accurate reporting at the HQ level and adding value to the group by implementing controls at HQ level.
• Preparation and implementation of HQ Budget and review of subsidiaries budgets. Detailed restructuring analysis for cost cutting/savings and its incorporation in the budget.
• Preparation of restructuring proposal for UAE operations with cost savings of around 40% in Selling, General and Admin expenses. (Approved by BOD)
• Preparation of Discounted cash flows (DCF) working to determine the enterprise value and co ordination with external assessor for the finalization of final report. Application of IAS 36 (impairment of asset) in the scenario.
• Heading closure of operations of a subsidiary as per management directives.
• Performed Intercompany reconciliation at the year-end of all the group companies for smooth consolidation and audit purpose.
• Directly reporting to Finance Director at group level and preparation of ad hoc reports for BOD Japan & Middle East.
• Preparation of ad hoc reports for entities performance/trend over the past 5 years for merger with another Equity group.

Duties and Responsibilities:

• Co ordination of yearend audit as well as stock count of all subsidiary companies with a BIG 4 Audit firm in UAE.
• Review of monthly consolidated financial statements for the group.
• Review of the commentaries on financial statements (segment/business wise) of all the subsidiary companies before presenting the monthly financial statements.
• Preparation of EBITDA report segment/business wise of all subsidiaries companies and reporting to Kansai paint Japan.
• Reviewing VAT and other Tax reporting / filing requirements as per UAE law.
• Review of Quarterly Forecasts/budgets of all subsidiaries companies and reporting to Kansai Paint Japan.
• Apprise management on subsidiary monthly performances; prepare presentations for the BOD Japan & Middle East.
• Supervise finance staff members of subsidiary companies to design and prepare informational reports for internal and external use (Kansai Paint Japan)
• Ensure all inter-company transactions are recorded and group wise inter-company accounts are reconciled
• Financial Statement Closing Process / Monthly books closure
• Ensure balance sheet schedules are updated, review reconciliations particularly for vendors and banks.
• Oversee and manage complex accounting/IT related issues of all the subsidiary companies by co ordination with the country’s respective Finance Managers.
• Closely working with Head office IT department to constantly improve the accounting reports.

• Prepare and present financial reports with detailed financial analysis to allow decision-making
• Preparation of annual budget, cash flow and comparison between actual and forecast.
• In depth analysis i.e. variance & ratio analysis, budget vs actual analysis of Financial statements.
• Successful filing of VAT Return for the 1st quarter of 2018.

• Maintain the accounting system to provide for timely and accurate reporting.
• Prepare funding requirement analysis and monthly estimates to compete.
• Monthly closing of books including reconciliation of general ledgers and posting of necessary adjustment entries.
• Maintain and reconcile prepayment schedules to accounting system.
• Prepare and post journal entries for inter-company accounts and final consolidation of books.
• Bank reconciliation, ageing report and other time-to-time reports requested by management.
• Liaise with external auditors and provide necessary documents for audit.
• Participate in other finance initiative and ad-hoc projects as assigned.
• Liaising with clients to discuss the payment terms and to follow up for the payments.

• Streamlined the bookkeeping processes of HH Robertson Private Limited.
• Identified the errors in the revenue recognition accounting of Robertson Private Limited during bookkeeping assignment and proposed the accounting treatments according to IAS 11.
• Identified internal control weaknesses during test of controls (TOC) in the audit assignments/SOPs and reported to the organizations.
• Identified overstatement of revenue in Fazal Cloth Mills Limited according to the concept of risk and rewards in IFRS 15.

Performed Annual Audit of different clients (i.e. banking and finance, manufacturing and service sectors) in accordance with the IFRS and IAS.
Performed detailed audit procedures on all the I/S and B/S heads.
Identified internal control weaknesses during test of controls.
Identified overstatement and understatements during test of details.
Involved in the preparation and review of financial statements (income statements, balance sheet and cash flow) as senior and job in charge.
Delivered memorandum letter (ML) which includes recommendation for improvements in the internal control processes.
Audited and ensured all tax returns are filled timely.
Performed reconciliation of sales tax to sales to ensure accuracy.
Developed understanding of the tax filing and return procedures.
Bookkeeping assignment working on accounting software SAP as a job in charge.
Management and supervision of Accounts payable, accounts receivable, general ledger, Payroll and Fixed Assets.
Prepared accounts receivables Aged Reports weekly and monthly.
Prepared bank reconciliation statements of various banks
Involved in the accounting/bookkeeping of inventory management from GRN to the issuance of goods.
Performed month end closing processes.
Prepared & Compiled SOPs of HR, Sales, Procurement, Admin and Production as a job in charge.
Prepared flow charts of each process on Visio.
Prepared key control matrix of each process documenting the key risks involved.