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Chartered Accountant

Location:
Riyadh, Riyadh Province, Saudi Arabia
Posted:
August 30, 2017

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muhammad siddique ahmed - fca

SKILL SET

Financial reporting and management audit

Capital structuring & fund raising

Management restructuring

Streamlining financial, operational and management activities

Study and evaluation of internal control & system design

Corporate training & professional grooming

Team building

WORK EXPERIENCE (25 Years)

Al Hoshani Group of Companies

Serving as Group Chief Financial Officer (March 2013 to date)

Managing finances of three group companies having seven factories (of different products) in aggregate and looking after two upcoming big projects. Achievements in the group companies have been;

Structured the funding and arranged shorter term and long term funds to stream line cash flows.

Implemented budgetary controls.

Defined cost formula and implemented costing for all factories.

Brought improvements in ERP system to develop to proper management reporting system.

Reduced the average receivable from 120 days to 42 days..

Implemented quantitative technique for proper inventory management at minimum possible cost

Evaluated and identified area for cost saving.

Implemented internal control system after proper study and evaluation of group system.

Negotiated with the supplier of Machinery on the terms favorable for group.

Monitored the sales recoveries and framed purchase policies.

Planned the cash flows for upcoming projects, formulated policies for negotiations and

deals.

Baluchistan White Cement Ltd

CFO (November 2007 to March 2013)

Managed functioning of finance and accounts at Head office and factory

My achievements have been

Structured the capital to ensure adequate cash flows for non current asset and working capital.

Arranged shorter term and long term funds at favorable terms.

Implemented budgetary controls.

Monitored the accounting and reporting.

Managed Corporate Matters.

Developed proper system for Sales Tax and Income Tax matters.

Effectively handled the Tax Consultants.

Evaluated and got developed the ERP for utmost benefit.

Riaz Ahmad Co. Chartered Accountants

Senior Manager (August 2005 to October 2007)

Managed overall activities of the firm, including audit, consultancy, tax and training & organizational development

-Major clients reviewed:

oMCB Bank

oPakistan Steel Mills – (for due diligence)

oMRDL – Sandaik Project.

oCummins Sales and Services

oAmin Fabrics Limited.

oFirst Prudential Modarba

oCrescent Commercial Bank

oCalcorp Limited

oPIA

Mustafa Siddique & Company - Chartered Accountants

Active Partner (1994 – 2005)

Work involved reviewing and supervising various assignments relating to:

oAudit

oManagement Consultancy

oSales Tax

Appointed as Sales Tax Auditor by Federal Board of Revenue (formerly CBR). The work included

investigation for High Court cases, such as disputes between banks and defaulting companies.

Appointed by different clients to review systems & procedures and recommend developments.

Huffaz Seamless Pipe Industries Ltd.

Financial Controller (1992-1994)

Job responsibilities included:

Overall functioning of the finance department.

Development and implementation of internal control systems, including budgetary control.

Coordinating with different departments and & liaison with financial institutions.

Involvement with designing of computer-based control systems on stock, production, debtor and recovery.

Developing and implementing strategies on both operational and financial front.

E & Y (Ford Rhodes Sidat Hyder & Co. Chartered Accountants).

Articleship & Senior Audit Assistant (1986- 1990)

PROFESSIONAL TRAINING/GROOMING

International Finance Corporation (Subsidiary of World Bank )

Appointed as official trainer to conduct workshops for different public and private sector companies -- mainly in the fields of financial & investment analysis and current market practices.

State Bank of Pakistan

Equipped central bank officials, with the understanding of International Financial Reporting Standards.

House Building Finance Corporation Ltd (State owned housing finance institution)

Conducted workshops for HBFC officials across the country on matters related to internal control, risk management and credit scoring.

PROFESSIONAL QUALIFICATIONS

Chartered Accountant – 1992 (The Institute of Chartered Accountants of Pakistan )

Corporate Secretary – 1991 (The Institute of Corporate Secretaries of Pakistan )

Cost and Management Accountant – 1996 (The Institute of Cost and Management Accountants

of Pakistan)

Center for Islamic Economics

Certification in Islamic Banking & Finance – 2006

I.T. PROFICIENCY & OTHER SKILLS

Evaluation of ERP

Proficient in MS Office applications.

Involved in development of computer-based accounting and internal control systems throughout my career.

* Analytical Skills

* Business acumen and business-oriented.

* Strategic thinking

* Team building and leadership skills

* Strong communication and presentation skills



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