Financial Accounting
Resume:
MUHAMMAD FAHAD RAHEEM
ACCA (Member), M.com
**************@*****.***
**********@*****.***
Lahore, Pakistan
EDUCATION
ACCA Member – 2018
BIMS – British Institute of
Management Studies
Specialization in
Financial Management and Audit
& Assurance
Diploma in Accounting &
Business - 2017
BIMS
Advanced Diploma in Accounting
& Business - 2017
BIMS
SUMMARY
Professional Profile:
A highly successful certified chartered accountant with invaluable experience in financial reporting, accounting and auditing covering a variety of industries from starts up business, to financial management and company
closure. Hands on experience of providing professional advice in strategic sectors such as financial reporting, auditing, forensic auditing, corporate finance and insolvency. Easy going by nature and able to work with all member of staff regarding financial issuer to resolve problems. Presently seeking a professional and satisfying role in a reputable company. Highly adept at the
implementation of accounting systems and procedures. Ability to compile, verifies, analyze, interpret and disseminate critical financial data. Experienced in preparing financial and evaluating them. Communicates effectively to build relationships both internally and externally. Proactive management style to meet strict deadlines and maintenance of team under pressure. Key strengths include transforming and developing financial management capability to improve accuracy and
transparency of key financial data; delivering financial system enhancement that drive improved reporting
capability, typically improving business decision-making for senior management; re-engineering financial
processes and automating manual task to improve
operational efficiency; and explaining financial results to non financial managers to ensure strong financial
awareness across all business area.
Key Skills &
competencies:
Financial analysis
Business analysis
Accounts
management
Corporate reporting
Forecasting
Budgeting
Project management
Risk management
Performance
measurement
Value for money
(VFM)
Financial auditing
Internally/Externally
Finance management
Investment appraisal
Control testing
Business valuation
Forex hedging
Financial planning &
control
Variance analysis
LIFE PHILOSOPHY
‘‘If you don’t have any shadows
You’re not standing in light’’
MOST PROUD OF
Courage I had
To take a sinking
Ship and try to make it float
Exceptional Achievements
Being a complete certified chartered
accountant and
eligible for the membership of
many others professional
bodies at a very young age
Hunger for excellence
Still in process of
making best out
of myself.
STRENGTHS
Hard-working, focused,
Quick Learner, Smart worker,
Motivator & Leader, Team Player
Accounting Software
Quick Book, Peach Tree
Microsoft Excel, MS Word
LANGUAGES
English
Urdu
Punjabi
HOBBIES
Singing
Cricket
Video gaming
Career Highlights:
In 2015, I had received an appointment as a chief
accountant in Oryza Co. (Pvt.) Ltd a small and medium sized entity. I was the 1st chartered accountant ever employed in that company. Basic hindsight was to advise them to turnaround the loss making unit of rice
processing. To good extent, I was very successful to do so. I had achieved this by revising the over-head absorption rate and by automation the production processes which was previously so labor intensive process with high cost. In 2016, Oryza reported a profit after tax of Rs. 4,506,191/- which entitled me to receive a performance based bonus as well.
In 2014, I had been short listed for a QCR rated audit firm Riaz & Co. chartered accountant as an audit trainee and within 3 months time I had been promoted for the
designation of audit assistant and after 9 months as an audit supervisor due to excellent application of my bookish knowledge into practice. I had completed 6 full audits of companies ranging from SME’s entities to large scale entities which had increased so much my exposure of mind. I had also worked in business advisory department which had polished lots of my skill relevant to financial management and business valuation.
In 2013, I had got my first internship opportunity to work with an accounting software provider company as a
junior accountant. There I had learned how the words of books are working practically. There I had get knowledge of how the journal entry proceeded to ledger and next to the trial balance. It was good experience to start my career.
Riaz & Co. chartered
accountant
Position : Audit officer
July 2014 – Sep 2015 Lahore
Riaz & Co. chartered accountant is QCR rated firm by ICAP and provides audit as well as not audit services like account compilation and taxation services.
Reviewing overall trial position and highlighting any significant misstatement found in the audit.
Discusses the highlighted misstatement with
seniors and investigation of issue with appropriate course of action.
Assisting the seniors in understanding the nature of company undergoing for audit and helps in setting
the materiality level.
Documented the SOP’s (Standard operating
procedures) of procurement department and cash
department of many audit clients.
Performed analytical procedures on audit client
financial statement and reports the finding of
results to senior to assess the audit risk.
Testing the internal control systems and
highlighting any significant weakness which may
increase audit risk and reporting these weaknesses in “letter of weakness”.
Analyzing and reviewing the receivable/payable
ledger control accounts.
Generate and maintain financial statement reports as per IAS’s (International accounting standard).
Career History /
Experience
Oryza Co. (Pvt.) Ltd
Position: Chief Accountant
Oct 2015 – Ongoing Lahore
Oryza is rice exporter company of Pakistan and also a member of well known Rice export association of Pakistan (R.E.A.P) and produces very high quality rice.
As a chief accountant, responsible for defining the company’s commercial model across export and local sales decision and developing overall business strategy to maximize revenue, profit and growth.
Analyzing financial data and preparing financial statements and accounting information and reports for directors and proposing recommendation.
Instrumental in helping to turn around a loss making department.
Preparing analyzing the various estimates for the quarter or the next year.
Involved in daily overseeing the management of
companies financial systems and budgets.
Organizing and maintaining accurate accounting records by proper following the international accounting
standards (IAS’s).
Holding monthly meetings to review over-head reports with departmental heads.
Slashed overhead cost by 40% by proper budgeting and allocation of resources. Operational efficiency also contributed to decrease the OHD cost through
automation.
Valuing the finished stock and quoting sale price for export.
Implementation the concept of economic order quantity and forecasting the sales volume unit to meet the
targeted profit level.
Involved in re-negotiation of major agreement like out- sourcing of labor or in-sourcing labor.
Key Achievements / Assignments:
Proved the basic rationale of my hiring correct and turned the loss making unit into profit of Rs. 4,506,191/-.
Introduction the concept of EOQ and max utilization of truck space for purchased raw material slashed the holding cost and carriage inward cost from Rs 1.20 per kg to Rs. 0.44 per kg.
Automation the production process improved the
operating efficiency and ultimately provided the net benefit of Rs.0.25 per kg.
Prepared the feasibility report for hydroponics
technology system and convinced the 1 foreigner
director for foreign investment in Pakistan in this technology. The amount was Rs. 13,750,000/-.
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