Muhammad Monis قريشي

Main responsibilities as Financial Analyst with direct reporting to Managing Director are:
• Active participation in preparation of annual budget and management reporting of the Company;
• Assist CFO in Financial modelling & financial analysis for getting approval of funds from Board of Directors for new projects;
• Assist CFO in financing requirements for the Company;
• Preparation of presentations for Board of Directors meetings.
• Review of multimillion Trade Marketing Budgets vs actual spendings of companies under Mayar Foods;
• Monthly review of doubtful customers status including cases in court, and actual vs budgeted collections;
• Monthly review of inventory at all locations with future sales forecast for right inventory procurements;
• Quarterly review of region / channel / Branch wise profit and loss account;
• Monthly review of management accounts and all adjustments with Head of Accounts;
• Review of new contracts and provide valuable insights;

Main responsibilities as Head of Audit with reporting to Audit Committee:
• Ensure risk based planning and efficient execution of audits;
• Ensure effective corporate governance practices across all companies;
• Ensure effective planning for regular audit and compliance visits to branches across Saudi Arabia, GCC,
Europe (Turkey), Pakistan and India;
• Ensure timely Identification of risks to the company;
• Ensure timely Identification of control weakness within the processes of the company;
• Continuous review of policies, procedures and authority matrix for effective control environment;
• Present quarterly reports to Audit Committee and Board of Directors;

Main responsibilities as Financial Analyst with direct reporting to Managing Director are:
• Active participation in preparation of annual budget and management reporting of the Company;
• Assist CFO in Financial modelling & financial analysis for getting approval of funds from Board of Directors for new projects;
• Assist CFO in financing requirements for the Company;
• Preparation of presentations for Board of Directors meetings.
• Review of multimillion Trade Marketing Budgets vs actual spendings of companies under Mayar Foods;
• Monthly review of doubtful customers status including cases in court, and actual vs budgeted collections;
• Monthly review of inventory at all locations with future sales forecast for right inventory procurements;
• Quarterly review of region / channel / Branch wise profit and loss account;
• Monthly review of management accounts and all adjustments with Head of Accounts;
• Review of new contracts and provide valuable insights;

Main responsibilities as Head of Audit with reporting to Audit Committee:
• Ensure risk based planning and efficient execution of audits;
• Ensure effective corporate governance practices across all companies;
• Ensure effective planning for regular audit and compliance visits to branches across Saudi Arabia, GCC,
Europe (Turkey), Pakistan and India;
• Ensure timely Identification of risks to the company;
• Ensure timely Identification of control weakness within the processes of the company;
• Continuous review of policies, procedures and authority matrix for effective control environment;
• Present quarterly reports to Audit Committee and Board of Directors;

Financial Accounting & Reporting - Capable for overseeing the effective and efficient running of the finance function and ensuring compliance with legal and regulatory requirements, e.g., International Financial Reporting Standards (IFRS), Saudi Arabian Accounting Standards (SOCPA Standards), and other local corporate laws and directives of regulatory authorities.

Treasury management - Capability of managing relationships with banks and other financial institutions, managing the working capital and ensuring the availability of liquid funds, and ability to identify different sources of funds and their costs.

Auditing, Zakat & Taxation - Capable of dealing with internal and external auditors, zakat and tax advisors and evaluating of internal control systems / procedures to identify weaknesses & implementing necessary corrective actions for improvements.

Financial Management - Can develop financial strategies in the context of regulatory requirements, and capable for modelling and forecasting cash flows and financial statements and also to apply different advance investment appraisal and evaluation techniques.

Budgeting and planning - Formulating annual budgets and conducting variance analysis and implementing necessary corrective actions.

Team Management - Capable for effective team management by delegation, supervision and timely review of tasks assigned to subordinate staff, and for Identifying and implementing strategies for building team effectiveness by promoting a spirit of cooperation between team members.

I joined KPMG-Abu Dhabi as a Senior Associate. Here my work was more challenging in terms of handling multiple jobs with tight deadlines. I got best employee of the month award as well.

I have started my career from Deloitte Pakistan in 2003 and spent 5 years with them, where I learned about accounting, finance and auditing. I have preveliged to work wih the team who got the best audit award from Deloitte global. Further, I had an experience to work with Deloitte Barbados for 4 months as I went to Deloitte Barbados through global employee exchange program. I left the firm in 2007 in the capacity of Supervising Senior.