Muhammad Shahid

• Achieved the best team award in 2023 and ran up for the year 2024.
• Reduces the DSO from 120 days to 45 Days in 2 years, got appreciated as best team of the moth JAN 2015.
• Make sure the compliance for DOE, RSB, FTA, Legal, IFRS and DFM to be reported accurately on timely manners.
• Define the policies and procedures and implement the COSO framework.
• Successfully achieved the Revenue target for the year 2023 for 2.3b and aiming for the year 2024 for 2.5b based on the opportunities for the new projects.
• Finalization & presentation of Consolidated Financial Statements on a monthly, quarterly, half yearly and yearly basis for the Group of companies.
• Review and monitor of periodic budgets, forecasting and variance analysis versus actual results. Also monitor the Swot analysis.
• Monitoring the working capital cycle on a day-to-day, weekly and monthly basis.
• Development of financial management mechanisms that minimize the financial risks.
• Liaising and co-coordinating with external stakeholders including auditors, solicitors, bankers and governmental authorities.
• To support conduct of year-end statutory audit and ensure its timely completion managing ICFR, Internal Audit and VAT compliance.
• Preparation of budgets and several management ad hoc reports containing variance analysis, sensitivity and other analysis.
• Supervision of Sales reporting, Receivables Management and Credit Control function.
• Conducted internal audits for the steady and control cash flow management and risk analysis.
• Conducted the Study with Ey for the initial stage for readiness for IPO for ADQ Group.
• Executed the framework, risk and internal controls for setting up an IPO for the 12% for the general Public and rest by ADQ group.
• Oversee the accounting department to ensure efficient and effective functioning of the department and its related chores.
• Finalization & presentation of Consolidated Financial Statements on a monthly, quarterly, half yearly and yearly basis for the Group.
• Preparation of periodic budgets, forecasting and variance analysis versus actual results.
• Initiated the Emirates ID project and successfully monitored the Revenues and Receivables to ensure progress.
• Oversee the accounting department to ensure efficient and effective functioning of the department and its related chores.
• Finalization & presentation of Consolidated Financial Statements on a monthly, quarterly, half yearly and yearly basis for the Group.
• Preparation of periodic budgets, forecasting and variance analysis versus actual results.
• Monitoring the working capital cycle on a day-to-day, weekly and monthly basis.
• Development of financial management mechanisms that minimize the financial risks.
• Providing several monthly, quarterly, yearly and ad hoc reports to Privatization Services Group (Ministry of Interior) .

Develop a high-performing FP&A team (three direct reports) focused on effective business partnering by providing day-to-day direction, allocating work, and coaching.
Contribute to the MEA Finance team's success.
Partner with the Commercial team & enabling functions to develop and manage financial information for the success of the business including specific brand support and OPEX control.
Shape resource allocation across the market to maximize value creation.
Assist Country Controller in legal entity matters (e.g. LE profitability, Tax …).
Propose and implement ideas to simplify the business models.
Act as the primary point of contact for all financial queries related to areas of responsibility, coming from both internal and external business partners (e.g. Distributors, CSO …) across all areas of the business.
Drive the monthly closing process and ensure that financial data is accurately recorded in the books and records, liaising proactively with ADQ.
Lead on and ensure the completion of the annual Budget and Projections within areas of responsibility. Review and challenge submissions from business partners and rolled-up submissions to ensure package submissions to senior management are robust.
Ensure high levels of financial stewardship by making business partners aware of policy and procedure requirements and supporting them in the appropriate use of finance systems (e.g. SAP-RPM).
Continuously seek more efficient ways to perform duties, streamline processes and improve forecast accuracy.
Work closely with the Pricing team to understand pricing strategy for in-scope brands.
Participate in the S&OP process, ensuring production plans and supply are aligned with the latest demand assumptions.
Support enhancing and simplifying the Gross to Net accrual exercise.
Support ensuring Accounts Receivable are under control and mitigate the risk of bad debts IFRS-9.
Support Internal Audits and External Audits to PWC KPMG EY and Deloitte

• Ensure all accounting entries are entered clearly, accurately, completely and on time.
• Ensure revenue and cost recognition entries are entered accurately.
• Ensure capitalize or expense costs are appropriate and charged to the correct cost centre.
• Ensure all period end entries (prepayments, accruals etc) are recorded correctly and promptly.
• Notify any unusual transactions or key issues to the Management.
• Ensure that suppliers are all paid within the contractually agreed payment period.
• Ensure payables sub ledger accounts are reconciled to the suppliers’ statements of accounts.
• Ensure proper records are kept for all payments.
• Prepare and submit project specific forecasted profitability statements with analysis and recommendations.
• Prepare monthly cash flow and profitability forecasts and compare actual with forecast.
• Help in preparing the annual business plan and budget.
• Prepare and submit the Monthly Financial Report that includes P & L, cash flow and balance sheet, with analysis.
• Liaise with external auditors. Ensure audit is started and completed on time with minimal interruptions to operations.

Joined and still working as Group Finance Controller where Job role includes:
• Ensure all accounting entries are entered clearly, accurately, completely and on time.
• Ensure revenue and cost recognition entries are entered accurately.
• Ensure capitalize or expense costs are appropriate and charged to the correct cost centre.
• Ensure all period end entries (prepayments, accruals etc) are recorded correctly and promptly.
• Notify any unusual transactions or key issues to the Manager-Accounts or CFO.
• Ensure that suppliers are all paid within the contractually agreed payment period.
• Ensure payables sub ledger accounts are reconciled to the suppliers’ statements of accounts.
• Ensure proper records are kept for all payments.
• Prepare and submit project specific forecasted profitability statements with analysis and recommendations.
• Prepare monthly cash flow and profitability forecasts and compare actual with forecast.
• Help in preparing the annual business plan and budget.
• Prepare and submit the Monthly Financial Report that includes P & L, cash flow and balance sheet, with analysis.
• Liaise with external auditors. Ensure audit is started and completed on time with minimal interruptions to operations.
also looking Intercompany trasactions of AMBH Group

• Streamlined workflow through Books of Accounts on Peachtree Accounting Software at Islamabad Head Office
• Executed income tax deduction and e-filing into Tax Department, salaries taxation, SECP correspondence on different issues (AGM Documents and
submission of amendments in SECP)
• Conducted Bank correspondence for LCs, ILCs and LGs, Project cash Flows, Coordination and Variance Analysis of Projected vs. Actual and Petty Cash
Handling & Auditing on Sites
• Documented payroll formation and disbursement and financial reports for Senior Management CFO, MD & CEO

Bank Correspondence includes Financial Guarantees, Corporate Guarantees, Letter of Credit and Overdraft facility managed with bank.
Invoicing of revenue of ENI Oil Well Drilling on monthly bais.
Payments to vendors and payment plans for projects.
Receivables payable Aging and followup with clients.
Book Keeping and Record maintenance to ensure the GAAP.
Financial Reporting to CFO and Manager Finance.
Bank Reconciliations and foriegn fund transfer monitoring.
Taxation and Provision for taxation, filing monthly quarterly and Annual tax returns for Income and Sales Tax rebates.
Team leader for Finalization of Accounts, designing of chart of accounts and closing entries.

I am responsible to have requsition for plant installation and to generate a purchase requsition in the system. than forwarding that purchase requsition to get quotations from purchase department, On the basis of Purchase requsition generate a purchase order and approval given to purchase department by the Operations Manager.
After the purchasesof material collection of invoices and verfication from the purchase department I generate a good dispach note that include quantity and specs of goods.
On the basis of goods dispatch note Store gate issue a document Gate Inward receipt on the basis of Gate inward receipt, store keeper issue a Goods receipt note on the basis of Goods Receipt note I have to generate Purchase invoice along with the vendor Invoices I have to verify.
After the verification payment plan is issued.
In this all process the following are main duties
Payable Receivable Aging
Procurement
Financial Reporting to Finance Manger
Book keeping
Bank reconcilliations
Taxation.

Teaching to the science students of undergraduate level, O Level and A level students the core subjects of Mathematics and Physics.