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Rashid Mehmood, Financial Controller

Rashid Mehmood

Financial Controller·National Advanced Systems Co Ltd.

Saudi Arabia

Bachelor's degree, Finance

Work experience

Total years of experience: 25 years, 0 months

Financial Controller

August 2018 - Present

National Advanced Systems Co Ltd.

Riyadh, Saudi Arabia

August 2018 - Present

Working with NASCO as Financial Controller and responsible for:
• Over all accounting and reporting
• Overseeing Financial Operations in coordination with operations department
• Revenue Management
• Budget and Business Planning
• Monthly Financial Reporting
• Revenue and cash forecasting
Company industry:
Telecommunications
Job role:
Finance and Investment

Chief Financial Officer

January 2017 - July 2018

KAKI Hospitality Group

Riyadh, Saudi Arabia

January 2017 - July 2018

Overseeing the Financial Management at Group level and leading a team of 30 officials in Accounting, Finance, Treasury and Supply Chain Management. Functioning as Financial Adviser to CEO in setting business strategy, Growth Drivers and Growth indicators.
Success Story:
* Restructured entire financial department and decentralized accounting functions at Business Unit level.
* Implemented Cost Reduction Strategy and saved 2.5 Million in fixed cost per annum
* Reduced 52% cost in Supply Chain and procurement Functions by applying centralized procurement and JIT Inventory System.
* Improved cash management by 15% with effective negotiation with the suppliers and ensured Rebate on supplies.
* Prepared 5 years Business Plan with 35% CAGR (Compound Average Growth Rate)
* Prepared Business Plans and Financial Feasibility for our new upcoming restaurants in Jeddah and Riyadh Regions named Snack Street (QSR), Burger & Lobster (QSR English Brand), Smak Daily (QSR), Dimsum (Chinese Cuisine), Burger & Wings (QSR), Zaika (Indian Cuisine), Gibiano (Italian Cuisine) & Bai
Bakery (Confectionary Chain) with total investment of 120 Million Saudi Riyals.
Company industry:
Catering, Food Service, & Restaurant
Job role:
Accounting and Auditing

Financial Controller

January 2014 - December 2016

FAMA Technologies

Riyadh, Saudi Arabia

January 2014 - December 2016

Masterly Managed Financial Department with Annual Turnover of 350 Million Saudi Riyals and Headed the Supply Chain and Logistic departments as additional Portfolio.
Credits on My Profile:
* Implemented SAGE X 3 ERP System and aligned at Group Level
* Established Finance department and build finance team
* Established Procurement function and refined supply chain mechanism
* Established Branches of FAMA Technologies
Company industry:
IT Services
Job role:
Accounting and Auditing

Senior Internal Auditor

June 2010 - December 2013

Rawabi Holding Group of Companies

Dammam, Saudi Arabia

June 2010 - December 2013

Managed internal audit function and supervised a team of 10 auditors at Multi-Billion Group of
companies engaged in Oil & Gas Business.
Winning Player for:
* Prepared and executed the risk based internal audit plan for year 2011-12-13 and
2014
* Introduced Benish Model to review and analyze the periodic financial reporting
to identify and mitigate the information fraud, financial manipulation and
engineering in books of accounts.
* Introduced and implemented Benford’s Analysis to identify and mitigate the
financial errors, financial frauds and manipulation of company resources.
* Identified financial fraud of 3 million SAR in Vehicle Fleet maintenance
operations in year 2012.
Resume - Rashid Mehmood, CPA, APA, CFM, MPM, CIPM, FAAPM
* Identified fraud of 1.8 million SAR in inventory management in one business unit
of the group engaged in Oil & gas sector in year 2012
* Identified and investigated the reasons of loss in one business unit of Group in
2013 engaged in Construction industry
* Identified and highlighted manipulation of books of accounts of construction unit
of the group in 2013.
* Identified risk and ghost assets across the group and rectified the books of
account in respect of fixed assets (35, 000 line items) across the group in 9
business units in year 2013-14.
* Determined compliance with local laws, international financial reporting
standards, company policies & procedures and best business practices.
* Drafting and finalizing the comprehensive audit reports of the audited area.
Company industry:
Oil & Gas
Job role:
Accounting and Auditing

Financial Controller

August 2008 - April 2010

Qureshi Telecom & Contracting Company

Riyadh, Saudi Arabia

August 2008 - April 2010

with one of Major GSM construction contractor in KSA and Project
Partner with STC, Mobily, ZAIN and Motorola with Annual Turnover of 530 Million Saudi Riyals.
Achievements:
* Aligned Accounting functions with business entities in other countries and
consolidated the books of accounts
* Designed and introduced “Projects in Controlled Environment” principle and
designed control strategies.
* Implemented international financial reporting standards
* Designed internal audit department and implemented in 3 phase plans
* Introduced inventory management and accounting system
* Managed investment of 450 Million Pak Rupees in Real Estate Business in Pakistan
under the Qureshi Group
* Established 2 companies under the Group in Pakistan while stationed
Company industry:
Telecommunications
Job role:
Accounting and Auditing

Manager Audit

October 2004 - August 2008

CPA Associates International

Islamabad, Pakistan

October 2004 - August 2008

with one of the leading Audit Firm and led a team of 50 audit
professionals.
Significant Contributions:
* Oversee 75 corporate audit clients for External and internal auditing, Corporate Issues,
Taxation Management and consulting services
* Managed Advisory and Consulting services to 10 Commercial Banks
* Planned and executed external audits and trained the team of auditors
* Conduct Board Meetings of Listed Companies
Resume - Rashid Mehmood, CPA, APA, CFM, MPM, CIPM, FAAPM
* Designed Income Estimation System for various Commercial Banks i.e. Union Bank
Company industry:
Accounting
Job role:
Accounting and Auditing

Branch Manager

May 2001 - October 2004

Polaris

Lahore, Pakistan

May 2001 - October 2004

of Polaris International Audit firm and headed Regional Office at
Lahore in Pakistan.
Milestones & Footprints
* Established Branch of our firm in Lahore and built a team of 15 audit professionals
* Provided management consulting services to 18 Corporate Clients and various banks
* Managed external and internal audits in the entire regions
Company industry:
IT Services
Job role:
Management

consultant

-

Standard Chartered Bank, Askari Bank, Dubai Islamic Bank, Atlas Bank and Muslim Commercial Bank. * Represented CPA Associates International

-

with National Accountability
Bureau to investigate the Financial Crimes and Stock Market Crash in 2006
* Represented CPA Associates International as consulting auditor with Islamabad and
Lahore Stock Exchanges for improvement in internal controls
* Developed Financial Management System and Accounting Department with
International Organizations i.e. USAID, CIDA and AUSAID funded projects named TAMA,
John Snow International, INGAD, Save the Children, Micronutrient International, PAGE
and UNFPA.
Job role:
Information Technology

Education

Institute of Certified Public Accountants

December 2008

December 2008

Bachelor's degree, Finance

Pakistan

GPA (percentage): 70%

GPA (percentage): 70%

Institute of Chartered Accountants of Pakistan

December 2006

December 2006

Master's degree, Finance & Audit

Pakistan

GPA (percentage): 70%

GPA (percentage): 70%

Pakistan Institute of Public Finance Accountants

January 2001

January 2001

Bachelor's degree, Finance

Pakistan

GPA (percentage): 70%

GPA (percentage): 70%

Skills

Gas
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CUSTOMER RELATIONS
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ERP
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FINANCE
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FINANCIAL
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FINANCIAL MANAGEMENT
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FINANCIAL MANAGEMENT
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FINANCIAL REPORTING
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ACCOUNTANCY
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AUDITING
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Gas
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Urdu

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