Financial Controller
National Advanced Systems Co Ltd.
مجموع سنوات الخبرة :22 years, 11 أشهر
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
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.
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
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.
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
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
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
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.