Syed Abid Raza

•
• Prepare and analyze budgets, forecasts, and financial statements, providing actionable insights for cost optimization,
profitability, and strategic decision-making.
• Manage accounts payable, accounts receivable, general ledger, payroll, and month-end/year-end closing processes.
• Oversee treasury operations, cash flow monitoring, and banking relationships to maintain operational liquidity.
• Coordinate with external auditors, regulators, and internal stakeholders to ensure smooth statutory audits, compliance
reviews, and reporting accuracy.
• Lead the finance and accounting functions, ensuring IFRS-compliant financial reporting and full adherence to ZATCA
VAT, Zakat, and withholding tax regulations.
•
• Implement process improvements, internal control measures, and ERP system enhancements to strengthen financial
operations and reporting efficiency.
• Lead, mentor, and develop the finance and accounting team, fostering accountability, skill growth, and development.
• Ensure compliance with local regulatory requirements, corporate governance policies, and financial practices in KSA.

Engaged on a short-term assignment to support financial analysis, budgeting, and ERP process enhancement.
• Contributed to the preparation of budgets, forecasts, and management reports, providing insights to support cost
optimization and profitability improvement.
• Supported ERP implementation and data migration initiatives, enhancing financial data accuracy and reporting
automation.
• Identified process improvement opportunities, strengthening internal controls and operational efficiency.
• Assisted in ensuring compliance with IFRS, ZATCA VAT, Zakat, and other statutory reporting requirements.

Established CA firm an independent member firm of Prime global USA, providing audit, tax, and advisory
services across major cities for over 50 years.

Directly reporting to the CFO, overseeing financial operations, budgeting, treasury functions, and implementing processes and
systems for internal and external reporting. Playing a key role in master development and construction contracting, supporting
business strategy and operational efficiency.

Financial Reporting & Compliance: Report directed for group financial statements Implemented and presentation in
accordance to Corporate Accounting policies and International Accounting Standards. Ensure that the management reporting
of the departmental analysis as well as the consolidated financial reports for the HR, Treasury and Projects reports are in line
with the overall strategic direction of the company and provide these to the CFO and Managing Director.
Budgeting & Financial Planning: Oversee the planning, coordination, and management of budgets which enables proper
planning and monitoring of commercial operations of the organization. Perform a variance analysis to compare the actual and
the budgeted operation and find out the differences as well the right time to take necessary actions.
Treasury& Financial Operations Management: Perform and coordinate accounts payable, receivable, treasury responsibilities
such as loans, overdrafts, letters of credit or bank guarantees, Forex Contracts, and Interest Rate SWAPs. Supervise
reconciliations, to make sure that all financial transactions are recorded accurately, and timely compliance with the set financial
standards.
Process Improvement &System Implementation: Leading the ERP system improvements and the initiation of a customer
relationship management system that would make the financial reporting system stronger and the internal controls of the
company together with the operational efficiencies much healthier. Control payments of real estate project and the correlation
of the financial expenditures with budgets that have been assigned for the project.
KeyAccomplishments: Implementing customer relationship management system, further strengthening the ERP systems, and
greatly increasing the effectiveness of the financial reporting.

• Led the finance function for a multi-billion PKR real estate and construction group, reporting directly to the CFO and
Board.
• Prepared and presented consolidated financial statements in compliance with IFRS and corporate accounting policies.
• Partnered with project and operations teams to plan budgets, monitor costs, and manage project cash flows efficiently.
• Managed treasury operations, including loans, guarantees, ensuring liquidity and financial discipline.
• Ensured compliance with Zakat, VAT, corporate tax, and statutory audit requirements in accordance with regulations.
• Reduced month-end closing cycle by 30% through process automation and standardization of financial reporting.
• Introduced a cash flow monitoring framework, optimizing working capital and reducing financing costs.

Leading financial operations, shared services, and transformation projects across international entities in the MDC Business
Management Services, which is one of the Mubadala Groups companies, offering consolidated finance, human capital, Information
technology, procurement, and facilities management for and its various investments.

Finance Operations Management: Overseen and led the shared services team who delivered the transaction services of AP, ER,
Payroll and General Accounting. Delivered quality finance services to many Mubadala group companies in sectors like real
estate, oil & gas, renewable energy, health care & Infrastructure.
Process Optimization & Controls Implementation: Direct improvements towards the operation were made and effective
controls where put in place to cover the transaction of financial activities. Achievement of procedural compliance in delivery of
efficient, quality and cost effective services, which improved functional operation in the finance function.
Accounting & Financial Close Management: Supervised processing of financial services accounting such as General Ledger,
Account Receivable, and Account Payable done in the Oracle System. Implemented month-end and year-end closing schedules
with special emphasis on the Coordinated of the companys financial statements in compliance with the set policies and
procedures.
Stakeholder Collaboration & Service Delivery: Kept record of process documentation, dealt with escalated cases and oversaw
training of members of the team. Coordinated with the client management, other shared service lines, and other group
companies to ensure the delivery of services to clients and achieving more efficiency and effectiveness of the services in the
organization.

• Directed shared services finance operations, including accounts payable (AP), accounts receivable (AR), payroll, and
general ledger accounting across diverse sectors such as real estate, oil & gas, renewable energy, healthcare, and
infrastructure.
• Led a high-performing shared services team, ensuring strong internal controls, process compliance, and accurate
reporting.
• Supervised GL, AP, AR, and payroll processes using Oracle ERP, ensuring timely and error-free month-end and year-end
closings.
• Implemented process improvements and automation initiatives, enhancing operational efficiency and reducing cost of
service delivery.
• Collaborated with internal stakeholders and business units to provide accurate, consolidated, and timely financial
reports.
• Oversaw training, mentoring, and performance management of finance staff, fostering professional growth and
accountability.
• Ensured regulatory compliance with UAE laws, corporate governance standards, and internal audit requirements.

 Directed shared services finance operations, including accounts payable (AP), accounts receivable (AR), payroll, and general ledger accounting across diverse sectors such as real estate, oil & gas, renewable energy, healthcare, and infrastructure.
 Led a high-performing shared services team, ensuring strong internal controls, process compliance, and accurate reporting.
 Supervised GL, AP, AR, and payroll processes using Oracle ERP, ensuring timely and error-free month-end and year-end closings.

A global leader in renewable energy and sustainable urban development, pioneer advancing developments in solar,
wind, energy-storage, geothermal/waste-to-energy and green-hydrogen infrastructure across 40+ countries.
• Directed financial reporting, budgeting, and accounting for renewable energy projects, Masdar City development, and
group subsidiaries, reporting to the Finance & Business Support Director.
• Managed GL, AP, AR, and payroll using Oracle ERP, ensuring full compliance with IFRS and UAE accounting standards.
• Implemented ERP upgrades and automated travel claims systems, improving operational efficiency, accuracy, and
internal controls.
• Collaborated with project, operations, and finance teams to align budgets, cash flows, and reporting requirements.

Supervised the General Accounting & Finance Operations for Masdar which includes reporting, budgeting & accounting for
different business lines which are renewable power projects, Shams Power Plant, Torresol Energy and Masdar City development.
This was as reported directly to the Finance & Business Support Director.

Financial Reporting & Consolidation: Supervised and coordinated the process of reviewing monthly financial reports of
subsidiaries and associates. Failure and submission of Group Consolidated Financial Statements and making sure that they are
accurate and meet the companys standards.
Accounting Operations & Close Management: Managed financial accounting services which included General Ledger, Accounts
Receivable and Accounts Payable by using Oracle System. Oversaw for month end and year end closing as well as reporting
and compliance with accounting standards.
Team Supervision & Payment Processing: Managed and supervised the Accounts Payable, Accounts Receivable, and Payroll
Processing departments for compliance to contract provisions in making payments to contractors, consultants, and suppliers in
a timely manner. Demonstrated good levels of operational performance as well as adherence to most of the financial policies.
Budgeting & System Implementation: Created CAPEX and OPEX budgeting spreadsheets for operation with functional and
project level expenditures. Implemented the automated online business travel claims system and led the implementation of ERP
to improve efficiency of financial processes and functionality.
Key Accomplishments: Effectively led the ERP implementation project and created detailed budget templates and the
automated travel claims system resulting to enhanced financial management and operations.

Directly accountable for the day-to-day operation of the companys finances, budgeting, treasury and reporting to the CFO. Closely
involved with the financing of real estate projects and the development of procedures and tools for efficient financial management.

Financial Operations & Reporting: Coordinated financial activities, such as the processing of financial statements, budgeting of
financial resources and reporting on financial performance. Adhered to internal control systems and policies, which would
enable adequate production of both internal and external financial reports.
Treasury & Budget Management: Supervised treasury activities such as, managing of cash and bank balances, reconciling bank
statements and the identification of funding sources. Facilitated the coordination and review of budgets to address planning
and decision-making for the organization.
Process Improvement & Financial Controls: Improved the financial processes and integrated and streamlined the financial
systems to increase effectiveness. Maintained close working relationship with the CFO to guarantee strong financial
management, precise financial information and sound risk management provision.
Key Accomplishment: Negotiated project finance of $500M for strategic real estate projects of the company that helped in
improving the companys the financial framework and to support growth plans.

Financial Reporting & Consolidation: Compiled and presented group consolidated financial statements based on IFRS.
Controlling and overseeing of inter group reconciliations, clearing of inter-company accounts and verifying the correctness of
subsidiary records.
Investment & Treasury Management: Invested in portfolio in different funds and in companies using bank arrangements to
guarantee the best returns. Analyzed daily share trading reports for the management to enable them make appropriate
decisions on the investments.
Team Leadership & Process Enhancement: Supervised a team within the accounting section improving on the financial control,
standards, rules as well as regulations. Supervised process efficiencies and ERP systems deployment, enhanced financial
reporting, and operational effectiveness.

residential, commercial and
mixed-use real estate projects across the UAE.
• Directed finance operations for large-scale real estate projects, including financial reporting, treasury management, and
process improvements.
• Coordinated budgeting, forecasting, and consolidated financial reporting for real estate investments.
• Negotiated project financing of USD 500M, strengthening the companys capital structure and liquidity.
• Collaborated with project and operations teams to ensure alignment of budgets, cash flows, and strategic objectives.

Multi-sector investment group with diversified portfolio in real estate, construction, trading, and sports management.
• Managed accounting and finance operations for a diversified investment portfolio across multiple sectors.
• Recognized with Chairmans Appreciation Certificate for effective implementation of financial policies and process
improvements.
• Ensured regulatory compliance, internal controls, and timely financial reporting across all investment entities.

Financial Management & Reporting: Managed the organizations accounting process, compiling of accounts, budgets, and cash
flow. Controlled and monitored compliance of financial regulations and the correctness of the financial statements for strategic
planning.
Team Supervision & Process Optimization: Managed the accounting department, introduced changes that would positively
influence the performance of the team. Supervised payroll, accounts payable and receivables to ensure effectiveness and
compliance with set internal control measures.

Audit & Assurance Services: Supervised audits for clients active in various industries, including performing audit of financial
statements, risk evaluation and compliance check. Compliance with auditing standards and providing valuable information that
would improve the state of clients financial reporting.
Advisory & Client Management: Offered consulting services such as financial statement review, assessment of internal controls
and business transformation solutions. Implemented and maintained client engagements to deliver quality services and
satisfaction of the clients needs.