Muhammad Safdar

Recruited to support the company’s aggressive financial performance turnaround and market growth strategy within the UAE. Part of the company start-up team, responsible as Assistant of the CFO to implement and drive all corporate finance processes. Established accounting principles, bank processes, VAT processes, financial performance analysis, and reporting. Budget, forecasting, and reporting to global headquarter in Paris - France. Creation of Finance SOP’ and policies. Training and development of finance team members and operational managers.
Implemented a successful corporate finance operation at the company start-up phase, establishing all finance processes and creating standard operating procedures leading to a study of successful financial performance.

- Managed with the CFO and Italy HQ team the successful system integration of SAP. Established all key data management information, accounting & reporting processes.

- Led consistent financial performance analysis and reporting for corporate and operational executive management leading to a stable 6 years positive profit and cash flow performance of the company.
- Managed the company VAT returns & refunds without the help of an external consultant.

F&B COST CONTROLLER LAGARDERE TRAVEL RETAIL, Dubai, U.A.E. 08/2016 - 07/2018
Earned during my assignment the promotion to take the lead of the F&B Cost Control department. A sensitive assignment, managing all corporate controlling processes as well as operational cost control. Supervised financial performances of all F&B units as well as centralized warehouse/ kitchen. Responsible for monthly analysis, reports, and improvement processes.
- Established within the company operational cost control processes, training of managerial employees, supervising the correct handling of it leading to an overall annual F&B cost of 24%.

- Restructured operational processes in inventory control, coordinated controlling processes with Corporate Executive Chef & Operational Director leading to decrease of waste by 2% and elimination of any inventory loss.

- Created and implemented a ‘revenue maximization process’ tool, supporting revenue improvement leading to an overall revenue increase of 7%.

Recruited to manage all financial accounting processes within this Import/ Export company. Responsibility included all daily
accounting principles, preparation of all financial reports, managing credit collection, reconciliation and cashflow management.
Budget & Forecasting processes, Inventory Control, Payroll and the supervision of total logistics management
- Managed with the Director Finance and operational team the successful system integration of new customized ERP.
Established all key data management information, accounting & reporting processes.
- Managed with extranal Auditor the company first audit after company start up.
- Setup successful corporate finance operation, establishing all finance processes, creating standard operating procedures
leading to a study successful financial performance .
- Established within the company operational SOP, managed the sales team bonus and commission control processes.

supporting all accounting processes until 2006. Promoted then to Sr. Accounts Officer
and again promoted in January 2008to Ass. Manager Accounts & Audit. Aside of managing all key accounting processes, main
responsibility was the entire management of all taxation processes including import/ export documentation.
- Managed with the Director Finance & Operation and CFO the successful system integration of new customized ERP.
Established all key data management information, accounting & reporting processes.
- Established within the company internal audit system for Distributors, supervising the correct handling of it leading to an
overal less risk of fraud.
- As inter auditor I caught 4 Distributors in fraud case by claiming more value of expense reimbursement against the
promotion scheme of company.
- Setup of new production units of oil & grease and established the ERP for the same.