Financial Controller
Safe Line Plastic Factory
Total years of experience :3 years, 10 Months
April 2023 - Present
Financial Controller,
Safe Line Plastic Factory L.L.C.
Joined Safe Line Group back in December 2022 as an accountant after the acknowledgement of potential I was promoted to senior level acting alongside top management to oversee and control all the financial processes including.
• Lead Financial Operations: Ensuring the proper
oversight to all financial processes in the
organization.
• Debt management: Administering loan
agreements for company borrowings and
collecting amounts owed to the company from
customers that included making various
monthly and ad hoc reports.
• Audit and other bodies liaison: Coordinating
with external financial, compliance and tax
auditors.
• Internal controls: Internal controls, especially
spending controls, to safeguard company assets
and reduce fraud.
• Budget: Assisting or fully creating the budget,
including incorporating historical data.
• Cash flow management: Monitoring and
balancing cash flows in and out to meet
obligations.
• Financial strategy: Developing financial
strategy, including risk minimization plans and
opportunity forecasting.
• Compliance: Ensuring compliance with local
law, tax provisions and relevant industry and
financial regulations.
• Corporate Tax: Registering for Corporate Tax
2023 and implementing strategies accordingly.
• Reporting and analysis: Providing financial
reporting and analysis to guide decision-making.
• Cost savings: Identifying efficiencies and
opportunities for cost reductions across the
business.
• Payroll: Handling payroll processing and labor
laws compliance i.e. WPS, bank transfers.
• VAT: Overseeing and recalculating VAT then
submitting in FTA portal.
• External reporting: Preparing financial
statements and other ad hoc reports for various
bodies.
• Banking: Handling bank accounts and managing
banking relationships and reconciliations.
Achievements as Financial Controller:
• Achieved transparency in accounting and
reporting systems applying less complicated
accounting principles applicable in IFRS. Hence
improved the debt and cash collection by 25%
by timely implementation of good practices.
• Improved costing strategies for production
team hence reducing wastage.
• Implemented financial strategies for risk
minimization and opportunity forecasting which
resulted in achieving targeted gains.
One of the largest suppliers of plastic bags for bakery line items packaging in the UAE. I have been assisting CFO and Director in the expansion strategies, cost/benefit analysis and
• Preparation of budget forecasts, Financial Analysis and developing cost cutting strategies for the utmost benefits.
• Manage all accounting transactions and publish financial statements, Make/Buy analysis & Margin improvement.
• Reconcile supplier accounts payable and customer receivable accounts including timely payments and collections.
Achievements:
• Achieved transparency in accounting and reporting systems applying less complicated accounting principles applicable in IFRS. Hence improved the debt collection by 20% by timely implementation of good practices
JUNAIDY SHOAIB ASAD CHARTERED ACCOUNTANTS
Independent member of Morrison Global ranked 6th, here I have been polishing my skills in bookkeeping,
accounting and administration. Managed the mentioned posts of a group of companies as being on retainership.
Achievements and Clients:
• Achieved 25% increase in smooth bookkeeping applying less complicated accounting principles applicable
in IFRS. Hence improved the audit management by 25% due to reduction in errors.
Companies naming KNIGHTSBRIDGE CAPITAL MANAGEMENT GROUP (Investment mgt.), AA PULP & PUREE PRIVATE
LIMITED (A manufacturing Company), INTELLI ENERGIE PRIVATE LIMITED (A trading / service providing organization)
OMER ADIL & CO. CHARTERED ACCOUNTANTS
• Gained a diversified experience of manufacturing, trading & service providing industries as an auditor and accountant in accordance with applicable IFRS/IASs.
• I have expertise in bookkeeping and producing quality financial statements (IFRSs and IASs)
• In times I have been a quality control review QCR Job In Charge at Omer Adil & Co..
• Acting as first point of contact for clients to obtain documents for financial analysis and model.
• Guiding and directing client’s management to apply correct accounting policies while managing risk by walk through test in substantive procedures for smooth reporting as per international standards of auditing ISA.
• Assisted in preparation of payroll for outsourced clients with utmost accuracy and responsibility.
• Achieved targets in preparation of complete set of financial statements in accordance with IFRS/IASs, feasibility analysis & financial reports, due diligence and timely delivery of reports.
• Prepared purchase orders, receipt & payment vouchers entering journal and filling VAT Returns.
• Track record of overseeing and preparing financial statements including trial balance, bank reconciliation reports, analytical procedures, profit & loss account, age-wise accounts payables & receivables, asset management, job costing, P & L and balance sheets then preparing management and audit reports.
Achievements and Clients:
Conducted successful audits as team leader of multinational companies as well as branch audits of renowned manufacturing and service providing companies. Restated 30% of the previous financial statements due to errors in opening balances and achieved 30% more transparency in financial statement in previous and current year.
Clients including Renewable Resources Group & three major Chinese multinational companies:
• Chuanqing Drilling Engineering Company Limited (CCDC) subsidiary of China National Petroleum Corp. CNPC
• HILONG Oil Services and Engineering (Pvt). Ltd.
• SINOPEC International Petroleum Service Corporation
Under progress
I have claimed all papers of Applied Knowledge stage and Applied Skills stage except F9.
Qualified this 2nd level of Chartered Accountancy equivalent to the Bachelor degree by HEC includes the exams of Financial Accounting and Reporting, Cost and Management Accounting, Business & Company Law, Business management and Auditing.
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