Muneeb Fayyaz Abbasi

\{Accounting
Major Achievements:
Prepared Discounted Gash Flow (DCF) for intangible
aset form impairment testing.
Successfully challenged the external auditor and led the restatement of prior years financial statements, resulting in the capitalization
of millions of Riyals a intangible assets and a material increase in reported profi.
Presented and defended the accounting treatment for income earned during th asset testing phase, leading to cos savings
of millions
of Rivals for the company.
Led the capitalization ofthe National Platform for Health and Insurance Exchange Services (NPHIES) in the companys financial
records, ensuring compliance
and accurate financial reporting.
Accounting & Financial Operations:
Develop & execute accounting strategies aligned with company goals ensuring compliance with international
and local accounting
standards.
+ Manage accounting activites such as processing of reventies, expenditures, general ledger, account maintenance, data entry, etc, and
ensure timely and accurate closing of all ledgers and accounts to guarantee timely and accurate accounting activities
Streamline the Chart of Accounts to meet business
needs while maintaining consistency with accounting principles.
Review financial information generated from the General Ledger for reasonableness
and advise on any balances that may require
investigation
Einancial Reporting & Audit Coordination
Direct the preparation of monthly, quarterly, and annual financial reports ensuring compliance with internal polices and accounting
standards.
Serve
a the key liaison with external auditors, facilitating
audits and ensuring timely submission
of financial statements.
Deliver comprehensive financial analysis, presenting key metrics
and performance trends to management fo informed decision-making.
Treasury
& Cash Flow Management
Oversee daily treasury operations including receivable, payables, and cash flow forecasting, ensuring liquidity and capital
optimization.
Lead the preparation of weekly and monthly cash flow reports, identifying trends and recommending improvements.
+ Managed relationships with banks and ensured compliance with cash management policies
and internal controls
Receivables & Payables Management
Supervise accounts receivable and payable function, optimizing collection and payment cycles to improve cash flow.
Implement strategies that reduce DSO (Days Sales Outstanding) and streariine the
AP cycle.
Led project related accounts payable activities, ensuring proper invoice processing and compliance with vendor contracts
and payment
terms.
Tox Compliance
& Planning.
+ Manage tax risks and ensured timely and accurate fling of VAT, withholding tax, and Zakat in compliance with ZATCA regulations.
Provide strategic insights on tax changes and their impact on business operations.
Budgeting
& Financial Planning
Lead
the annual budgeting process collaborating with department
heads to develop financial forecasts
and operating budgets
+ Monitored
budget performance, analyzed variances, and presented actionable insights to senior leadership or cost optimization and
financial planning.
Develop financial models to support decision making related to complex business ssues including, strategic planning, and budgeting.

Key responsibilities:
✓ Supervised the preparation and analysis of financial statements and reports.
✓ Managed and coordinated the accounting team in daily tasks and month-end closings.
✓ Oversaw accounts payable and accounts receivable functions to ensure accuracy and timeliness.
✓ Conducted regular internal audits to verify compliance with established procedures.
✓ Collaborated with external auditors to facilitate annual financial audits.
✓ Monitored cash flow and cash management activities, optimizing fund utilization.
✓ Analyzed budget variances and recommended corrective actions as needed.
✓ Conducted financial analysis to support strategic decision-making by senior management.

During my training in BDO Ebrahim and Company Chartered Accountant, I was sent on secondment to BDO Bahrain Office for six months, and afterward during my employment with BDO Bahrain I have performed the independent audits of various Companies involved in different businesses in Bahrain. Brief details of my key responsibilities are as follows:

 Planning and execution of engagements (as per the requirements of International Standards on Auditing (ISAs), local regulatory requirements and BDO Audit Methodology) and coordination of engagements to meet stringent deadlines, including the team supervision, training and motivation;
 liaising with, and developing good working relationships with the client to deliver engagement expectations
 assessing business and audit risks and decision-making in respect of critical reportable audit matters of governance interest;
 reviewing of accounting and internal control systems and identification of significant weaknesses and recommending improvements therein;
 coordinating with various professionals such as experts, bankers, internal auditors and lawyers;
 reporting of significant issues to the management.

During my training in BDO Ebrahim and Company Chartered Accountant, I was sent on secondment to BDO Bahrain Office for six months, and afterward during my employment with BDO Bahrain I have performed the independent audits of various Companies involved in different businesses in Bahrain. Brief details of my key responsibilities are as follows:

* Planning and execution of engagements (as per the requirements of International Standards on Auditing (ISAs), local regulatory requirements and BDO Audit Methodology) and coordination of engagements to meet stringent deadlines, including the team supervision, training and motivation;
* liaising with, and developing good working relationships with the client to deliver engagement expectations
* assessing business and audit risks and decision-making in respect of critical reportable audit matters of governance interest;
* reviewing of accounting and internal control systems and identification of significant weaknesses and recommending improvements therein;
* coordinating with various professionals such as experts, bankers, internal auditors and lawyers;
* reporting of significant issues to the management.

 Managing portfolio of diverse clients ranging from national to international commercial conglomerates.
 End-to-end management of audit engagements ensuring compliance with BDO audit methodologies, IFRS and local requirements,
effective and timely delivery of engagements.
 Preparation and/or review of financial statements as per IFRS and local requirements including disclosure and explanatory notes.
 Assessed significant business and financial risks specific to each client and designed audit programs in accordance with applicable
International Standards on Auditing.
 Management, training and development of around 20 team leads and audit assistants for effective delivery of audit engagements.
 Assigning roles, audit engagements and review of work performed.
 Assisting the Partner in review and monitoring the effectiveness of audit services delivered, providing feedback and reflection on the
quality of services.