Muhammad Umair Siddiqui, Business Finance Controller

Muhammad Umair Siddiqui

Business Finance Controller

Kone Corporation

Location
Saudi Arabia - Jeddah
Education
Master's degree, Qualified Chartered Accountant
Experience
18 years, 5 Months

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Work Experience

Total years of experience :18 years, 5 Months

Business Finance Controller at Kone Corporation
  • Saudi Arabia - Jeddah
  • My current job since April 2015

Performed and organized the execution of the business finance controlling tasks.
~ Analyzed the organization’s business activities and advised management on financial matters and impacts of the business transactions and decisions.
~ I have supported the functional/ operational area managers in forecasting the future results of their business, developed and implemented annual units budgets in line with KONE global budgeting guidelines.
~ I have collected, compiled, performed verification, and analysis of the financial information and economic indicators so that Senior Management can have accurate and timely information for making strategic and operational decisions.
~ Assured the correctness of managerial information including order book, WIP, late cost reserves, accruals and pre to post calculations.
~ Evaluated industry, economic, financial, and market trends to forecast the organization’s short, medium and long-term financial and competitive position.
~ I have also liaised with senior management to develop and implement finance strategies that are appropriate for the business needs and consistent with KONE’s overall finance strategy.
~ I have provided technical expertise and advice on financial issues to functional or operational areas managers to help them develop revenue and expense budgets, understand financial reports, and manage their financial responsibilities.
~ I have maintained strong connections with other Finance colleagues within KONE to share best practices and to understand current and future trends.
~ Coordinated, developed and managed cash flow and credit/collections activities.
~ I have lead, directed, evaluated, developed and maintained a team of Finance professionals to achieve established goals.

Audit Supervisor at Deloitte
  • Saudi Arabia - Jeddah
  • November 2011 to April 2015

I have lead audit engagements, which include planning executing, directing, and completing financial audits and managing &
reviewing of internal controls and the financial statements to report thereon.
~ I have ensured compliance with the International Financial Reporting Standards, International Accounting Standards and
International Standards on Auditing, Generally Accepted Accounting Practices (GAAP) and local statutes (ie SOCPA).
~ I have proactively interacted with key client’s management to gather information, resolve problems, and made recommendations for business and process improvements. Advisory services to the clients on various accounting, corporate
and financial issues.
~ Ensured quality of service to the clients and assuring their satisfaction to the services provided.
~ Ensured development and on-the-job training of audit staff.

Assistant Manager Internal Audit at Youngs Foods (Pvt) Ltd
  • Pakistan - Karachi
  • April 2011 to August 2011

In my position as an Assistant Manager Internal Audit, I was responsible for Development/Appraisal & improvement in policies and procedures for ensuring better controls, Developing & executing risk-based internal audit plan (both Physical & System Monitoring the overall performance of various functions against established objectives & KPIs), Communicating the audit result with all levels of management, Evaluation of existing controls, procedures, work practices, Identification of control weaknesses, risk areas, inefficient work practices and recommend improvements.

Supervising Senior at PricewaterhouseCoopers (PwC)
  • Pakistan - Karachi
  • October 2005 to March 2011

In my position as a Supervising Senior, I lead large teams through the planning, execution and completion stages of statutory audits, validation of financial reporting packages and other varied special nature engagements.
My experience in the Assurance and Business Advisory Services (ABAS) Group of the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations in Pakistan.

Education

Master's degree, Qualified Chartered Accountant
  • at Institute of Chartered Accountants of Pakistan
  • June 2011

I am a Qualified Chartered Accountant

Diploma, Public Accountancy
  • at Pakistan Institute of Public Finance Accountants
  • February 2011
Bachelor's degree, Finance, Accounting, Economics
  • at University of Karachi
  • December 2005

Specialties & Skills

System Monitoring
Accounting
Economics
Internal Audit
MS Office
Being involved in ERP Implementation project

Languages

English
Expert
Arabic
Beginner

Memberships

Pakistan Institute of Public Finance Accountants (PIPFA)
  • Associate Member
  • February 2011
Institute of Chartered Accountants of Pakistan (ICAP)
  • Associate Member
  • August 2011

Training and Certifications

Certificate of partnership (Certificate)
Date Attended:
November 2013
Valid Until:
November 2013
Certificate of Audit Excellence (Certificate)
Date Attended:
December 2013
Valid Until:
December 2013

Hobbies

  • Reading books and professional journals
    Received President Merit Scholarship on receiving (90.5% marks) in Secondary School Certificate (SSC) Examinations.