Shujaat Qazi, Group Manager (Finance and Internal Control Compliance)

Shujaat Qazi

Group Manager (Finance and Internal Control Compliance)

Mega Carpets Group (Carpet Manufacturing Company)

Location
United Arab Emirates - Dubai
Education
Doctorate, Financial Analysis
Experience
18 years, 7 Months

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Work Experience

Total years of experience :18 years, 7 Months

Group Manager (Finance and Internal Control Compliance) at Mega Carpets Group (Carpet Manufacturing Company)
  • United Arab Emirates - Dubai
  • My current job since January 2016

 Preparation and presentation of financial statements as per IFRS and GAAP;
 Reviewing and ensuring proper accounting transaction in system;
 Preparation and presentation of management accounts monthly, quarterly and annual;
 Preparing and analyzing organizational financial budgets, capital budget, operational budget and master budget. The variance analysis reports on budgets are presented to management periodically for further planning and decisions;
 Performing ongoing analysis on process costing, target costing, margin analysis, and tracing costs back to activities;
 Liaise with banks and other financial institutions for the fund arrangements and facilities;
 Liaise with external auditors and providing support to finalise the audit;
 Preparing and presenting long term business plans and payback period of investments;
 Monitoring and interpreting cash flows and predicting future trends;
 Reviewing bank reconciliation, petty cash reconciliation and intercompany reconciliation;
 Established and maintaining a sound system of internal controls in all group companies;
 Periodically review the compliance of new policies, procedures and internal control mechanism;
 Performing risk assessment at each company level, determining the level of risk to handle and overcome the risk;

Supervisor (Audit and Assurance) at Grant Thornton UAE, Public Accountants
  • United Arab Emirates - Dubai
  • January 2015 to November 2015

 Prepared and presented the audit proposals to the clients for the audit and other assurance engagements;
 Conducting the audit planning meeting with effective scheduling and co-ordination of assignments to meet stringent deadlines and milestones, including the supervision, training and motivation of team members;
 Managed engagements, overseeing the work of audit team, to ensure compliance with statutory audits requirements and key issues memorandum;
 Conducted business and audit risk assessment and analysis of design and effectiveness of various internal controls implemented by the entity through client meetings, research and analysis and cumulative audit knowledge and experience;
 Assist clients in preparation of financial statements in accordance with International Financial Reporting Standards (IFRS), corporate laws and other directives of regulatory authorities;
 Responsible for the preparation and review of consolidated financial statements of the group.

Assistant Manager at BDO Mozambique Member firm of BDO International
  • Mozambique
  • May 2012 to December 2014

 Provided top management support and decision making for the audit department and management group;
 Ensure smooth running of the department and report to the leadership;
 Oversee direct budgeting, planning, coordination and control of engagement to ensure maximum recoverability;
 Direct, coach and mentor team members to assist them in effective and timely completion of engagement work;
 Develop and maintain effective relationship with the clients, business department and staff, sharing information to identify and progress current and future audit requirements;
 Contribute towards the creation, implementation and delivery of the departmental business plans;
 Assisting Clients in preparation of financial statements in accordance with IFRS and Local GAAP;
 Met reporting deadlines by ensuring engagement in not overrun, risk mitigate without compromising quality;

Assistant Manager (Audit and Assurance) at Grant Thornton Mozambique Member firm of Grant Thornton Internationaç
  • Mozambique
  • July 2011 to May 2012

 Planning the audit engagement including assessment of engagement risk, management of audit staff, preparation of time budgets, identification of accounting and internal control weaknesses, assessment of risk at each account balance and potential error level and developing the audit program;
 Assisting Clients in preparation of financial statements per IFRS and Local GAAP;
 Determine that all reports to be issued reflect the work performed & meet the reporting and auditing standards;
 Performed internal audits on many assignments.

Supervisor at Grant Thornton Pakistan Member firm of Grant Thornton International
  • Pakistan - Karachi
  • September 2007 to June 2011

Statutory Audits,
Financial reporting
Internal Audit
Forensic Audit
Other business assurance services

 Planning the audit engagement including assessment of engagement risk, management of audit staff, preparation of time budgets, identification of accounting and internal control weaknesses, assessment of risk at each account balance and potential error level and developing the audit program;
 Assisting Clients in preparation of financial statements per IFRS and Local GAAP;
 Determine that all reports to be issued reflect the work performed & meet the reporting and auditing standards.

Manager (Finance & Admin) at Hussain Advisory and Management consultancy
  • Pakistan - Karachi
  • September 2005 to August 2007

• Assists in formulating financial policies and procedures for establishing control environment;
• Assists in financial decisions by assessing and addressing financial risks, providing financial and non-financial analysis on projects, assets and liabilities, cost estimations, cash management, and presenting management reports;
• Assisting in raising & managing finance by preparing and presenting financial models, option analysis & reports;
• Protects assets by establishing, monitoring, and enforcing internal controls;
• Review budgets through schedules, collecting, analysing variances;
• Oversee bookkeeping by reviewing accounting system and source documents;
• Review information related to operations of equipment, vehicles running & maintenance cost & other related data;
• Maintains financial staff by coaching, counselling, disciplining, monitoring, and appraising job results;
• Submitting tender and pre-qualification information for the Company;
• Protects operations by keeping financial information and plans confidential; and
• Oversee associated companies’ financial data, intra transactions, and other related information.

Education

Doctorate, Financial Analysis
  • at INSTITUTE OF FINANCIAL CONSULTANT - USA
  • January 2014

Financial Analysis

Doctorate, Audit and Assurance
  • at CA-OCAM - Chartered Accountants of Mozambique
  • March 2013

Certified Auditor

Doctorate, Statutory Audit, Financial Reporting, Financial Analysis, Taxation, Financial Management
  • at ACCA - UK
  • June 2011

ACCA - UK is internationally recognized accountancy body. I am Qualified ACCA member.

Doctorate, Economics
  • at SHAH ABDUL LATIF UNIVERSITY KHAIRPUR PAKISTAN
  • September 2009

Studied Micro and Macro environment of economy.

Bachelor's degree, Commerce
  • at Shah Abdul Latif University Khairpur Pakistan
  • September 2006

Specialties & Skills

Consultancy
Auditing
Financial Reporting
AUDITING AND ACCOUNTING SOFTWARES

Languages

English
Expert
Urdu
Expert
Portuguese
Beginner

Memberships

ACCA - UK
  • Member of Body
  • September 2011
Institute of Financial Consultants - Canada
  • Member of Body
  • January 2014
OCAM- Chartered Accountant Mozambique
  • Professional Member
  • March 2014

Hobbies

  • Travelling