Management Manager

AYUB VOHRA, CPA, CA

**** ******** *******, ***********, **, L5M 6K2, Canada

Tel: +1-289-***-**** Email: ****.*****@*****.*** SUMMARY

A finance professional offering 15+ years of broad based experience in accounting and reporting, financial and business management, taxation and risk management, while working with asset management, real estate development and FMCG industry. Proven track record to lead complex initiatives to deliver growth, turn-around businesses, and maximize profit by leading from the front Core Competencies

Financial & management Accounting Direct & Indirect tax compliance Fund taxation & distribution

Fund accounting System implementation & conversion People management

Financial reporting Investment feasibility Business valuation

Internal control & risk management MIS development Business process improvement System knowledge

Newstar (ERP for Home building) MfgPro (ERP) Income tax software

Mpower & InvestOne (Asset

management)

QuickBooks Microsoft Excel & Word

Initiatives

Revamped MIS reports for presentation to the board. The new reports included balanced score card, 18 months rolling results forecast, 8 quarter cash flow projections, variance analysis and risk matrix

Implemented SOX in Unilever Pakistan as project leader

Implemented ERP system (MfgPro) in a record time

Key member of cost optimization team with an annual saving target of 3%; surpassed saving targets most of the time

Trained Total Quality Management (TQM) facilitator; helped in cascading TQM philosophy within the organization EDUCATION

CPA, CA Chartered Professional Accountants of Ontario May 2013

CA Institute of Chartered Accountants of Pakistan Mar 1989

B.Com University of Karachi, Pakistan June 1983

PROFESSIONAL EXPERIENCE

PORTLAND INVESTMENT COUNSEL INC. (Burlington, Ontario) Manager – Financial Reporting and Oversight Jun ‘15 – June ‘16 Portland Investment Counsel provides portfolio management and exempt market dealer services as well as investment products to retail investors, high net worth investors and institutions through mutual funds, private and alternative investments, discretionary managed investments, public securities mandates and private equity mandates. Responsibilities:

Oversight of Net Asset Value ("NAV") Production

Overseeing the day-to-day fund accounting function and ensure that the third party service provider is provided with all the relevant information from Portland to perform the valuation function accurately on a timely basis.

Monitoring and tracking service quality of third party service provider.

Reviewing various oversight packages, daily/monthly NAV calculations and resolving issues as required. Valuation of private securities

Preparing / reviewing valuation of private securities for reasonableness and overall accuracy, including appropriately documented conclusions.

Reviewing financial reports provided by issuers of private securities to ensure any/all issues have been addressed in the valuation process.

Liaising with portfolio management for information sharing and decision support. Financial statements and audit

Overseeing the production of financial statements including coordination of deliverables from service provider and reviewing their work for quality.

Developing fund budgets and explaining variances.

Coordinating the annual fund audits.

Preparing monthly, quarterly, annual management and performance reporting for internal and external parties.

Liaising with other departments to ensure reporting needs are met. Taxation

Overseeing tax compliance function for Portland Funds to ensure minimization of tax risk, including reviewing the work done by service providers in determining taxable distributions, investor tax slip production and delivery, and reviewing/tax returns and related filings.

Acting as a key resource on taxation matters as it relates to Portland Funds, including education of advisors.

Preparing annual HST returns and reviewing HST rate changes recommended by third party service provider. Notable achievements:

Played a key role in transitioning fund accounting services to the new service provider.

Documented monthly NAV review process to ensure that valuation is accurate prior to final sign off.

Developed an Excel model for efficient and accurate compilation of HST returns.

Automated various internal reports for efficient and accurate reporting. CITIGROUP FUND SERVICES CANADA, INC. (Mississauga, Ontario) Manager - Fund Accounting Jan ‘12 – May ‘15

Citigroup Fund Services is one of Canada’s premier providers of fund administration services such as fund accounting, tax, financial reporting and transfer agency services to investment managers. Responsibilities:

Ensuring accurate and timely pricing of funds’ net assets by reviewing cash, asset and capital stock reconciliation, and income and expense accrual and recording.

Managing new client introduction and new fund and series launches by resource allocation and establishing processes for accurate and timely implementation.

Reviewing monthly, quarterly and annual distributions / allocations of mutual funds, unit trust, mutual fund corporations, limited partnerships and segregated funds and providing sign-off for accuracy and tax compliant reporting.

Managing mutual funds distribution projects, which involve distribution planning, coordination with clients and external auditors for smooth and timely execution.

Reviewing corporate actions analysis (e.g. corporate merger, spin-offs/demergers, reorganization, etc.) to determine and monitor their impact on the tax position of individual fund entities in accordance with the provisions in Income Tax Act

(Canada).

Supervising and reviewing income tax returns for trusts, corporations and limited partnerships.

Liaising with clients and external auditors to address distribution related queries relating to year-end audit.

Managing HST compliance for Citigroup clients.

Notable achievements:

Documented taxation policy incorporating accounting and tax treatment for different type of corporate actions. This brought clarity in the required tax treatment that resulted in accurate and efficient distribution process.

Developed Excel model for efficient and accurate compilation of HST returns. BRANTHAVEN HOMES (Burlington, Ontario)

Accounting Manager Nov ‘09 –Jan ‘12

Branthaven Homes is an Ontario based construction company with expertise in land development, low-rise residential and home building. The group comprises twenty different corporate entities. Responsibilities:

Managing accounting functions of Branthaven Homes group of companies.

Preparing financial feasibility of potential investments, presenting to the board and negotiating with financial institutions for financing

Managing lot wise profitability reporting for construction projects.

Developing budget, cash and profitability forecasts and projections for new and existing projects.

Performing variance analysis against budget and monitoring actions for improvements.

Reviewing financial statements and working paper files for Branthaven group of companies.

Performing Income tax and HST compliance for the group of companies.

Managing external audits for the group of companies. Notable achievements

Surpassed target for completing year-end financial statements for group of companies in record time.

Initiated in-house preparation of consolidated financial statements through IT system resulted in potential saving in third party accounting fee (Annual savings of $20,000).

Simplified inter-company expense allocation and inter-company reconciliation process through IT system, resulting in saving of significant man hours (40 man hours).

Successfully managed transition from GST to HST and received appreciation from management. This included understanding of process for transitional rebate & transitional tax adjustments for condos and houses, restricted ITCs, electronic filing of returns, resolving CRA queries and reconciliation of balances. ABN PROFESSIONAL CORPORATION - CA Firm (Mississauga, Ontario) Accounting Manager Sep ‘08 –Nov ‘09

Responsibilities:

Preparing financial statements for Compilation and Review engagement.

Preparing individual and corporate tax return.

Conducting due diligence and business valuation to facilitate purchase decision by client. UNILEVER PAKISTAN LIMITED (Karachi, Pakistan) Nov ‘90 – Jul ‘08 Unilever Pakistan is one of the largest fast-moving consumer goods company in Pakistan. It enjoys a leading edge in most of its home, personal care and food business. It has separate business units with dedicated finance support and centralized customer development, supply chain and human resource functions. My work experience of 17 years in Unilever is summarized below: Finance Director in three business units 9.5 years (double digit profitable growth in 8 out of 9 years) Controller 4.0 years

Director/Manager Internal audit and risk management 3.5 years Responsibilities:

Managing financial accounting and reporting team for the business group and involved in the finalization of consolidated financial statements to ensure compliance with Company’s Act and IFRS.

Member of finance executive team, overseeing improvement in shareholders return (EPS) and business targets (top and bottom line targets). This included below the line improvement project (tax and finance charge), cash flow optimization and cost reduction initiatives.

Reviewing financial statements (accounting policies and disclosures) for audit committee and board approval prior to its publication.

Liaising with external auditors for audit planning and coordination.

Custodian of business finance function, which includes involvement in developing strategy formulation and budgets, monitoring actual performance against budget and rolling forecast and presenting to steering committee on monthly basis.

Monthly management reporting to the business group, including commentaries on business results.

Custodian of risk management process for Unilever as a whole. Notable achievements

Reduced monthly reporting cycle from 14 days to 2 days by streamlining processes and automation.

Implemented ERP system (MfgPro) in a record time.

Revamped MIS reports for presentation in monthly business steering committee meetings. The reports included Balance score card for key performance indicators on exceptional basis, 18 months rolling result forecast, 8 quarter cash flow projections, variance analysis comparing actual vs. rolling forecast and budget.

Key member of the cost optimization and simplification team with an annual saving target of 3%; surpassed saving targets most of the time.

Automated distributors’ claim process resulted in a reduction of 100 man-hours.

Implemented new concepts of risk management (SOX approach), which involved designing of implementation, plan, cascading to all management and monitoring of the plan. Successfully cascaded the new concept to all line managers.

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