Management Manager

Rashid Mehmood, CPA

PERSONAL PROFILE

Date of Birth : 09-02-1978

Nationality : Pakistani

Marital Status : Married

Present Address Riyadh, Saudi Arabia

Contact No : 00966- 50-0403866

E-mail : ***.*************@*****.***

D/ License Valid Saudi Driving license

Iqama Status Transferable

Summary:

A professional Financial and Audit Manager with over 15 years of experience in a variety of industries at national and international level.

Specialties: Financial Modeling, Financial Management, Corporate Restructuring, Management Consultancy, General, Cost and Management Accounting, Management Reporting, Financial Reporting, Business Analysis, Project Management & Performance, Financial Analysis, IFRS, ISAs, External and Internal Auditing, Designing and implementation of internal control system, Designing of Operational policies and procedures.

Publications: Amateur Writer and contributing articles on professional topics in various international journals and columns in newspapers on socio-economic and geo-political issues.

Education:

CPA (Certified Public Accountant) from the Institute of Certified Public Accountants of Pakistan - 2008

APA (Associate Public Finance Accountant) from the Pakistan Institute of Public Finance Accountants – Pakistan - 2001

CA (partly qualified) from the Institute of Chartered Accountants of Pakistan. – 2003-04

B.Com (Bachelor of Commerce) – University of the Punjab - 1999

Other Certifications (Short courses)

PSTC – Presentation Skills Training Course – (One month training in 2002)

CCPT – Computer Training (Excellent in MS Office and accounting packages) – (One month training in 2002)

ISO 9004:2008 Certified Auditor – 2011

Publications and literary work:

Writing articles on accounting, auditing and management issues and published in the following journals:

Journal of chartered accountants club – India.

Journal of MBA club – India

Highlights of Experience

1. Financial Controller – FAMA Technologies – Saudi Arabia (June 1, 2014 to current)

1.Handling multifaceted functions and overseeing the Finance department as primary job function and also looking after the functions of procurement, material planning, logistic planning and cost controlling functions as additional responsibilities.

I am responsible for:

Overall financial management at head office FAMA Technologies KSA and FAMA Technologies LLC - UAE

Business planning

Pricing strategy

Feasibility studies

Budgeting, controls and monitoring

Procurement and logistic planning

Achievements:

Recently implemented SAGE ERP and provided functional consultancy to the ERP implementation team

Prepared and implemented 5 years business plan for FAMA Tech for UAE and GCC region.

Prepared product pricing model and implemented revised prices for each product and service.

Prepared and implemented SOPs for material planning,

Formed and restructured finance and accounting department

Designed and implemented Operational Policies and Procedures,

Designed and implemented the accounting and reporting structure,

Prepared and implemented Authority Limit Matrix for transactions at various level,

Prepared and implemented monthly management reporting.

Managed cash flows and streamlined the outstanding in-house payable i.e. salaries and staff benefits,

Improved cash inflow enhanced collection strategy and improved receivables collection from 18% per month to 42%.

Prepared and implemented accounting policies and operational procedures for Monthly Reporting, Financial Reconciliations, Accounts Receivables management, Accounts Payable management & Procurement, Warehousing and Inventory management, Management of fixed assets.

2.Senior Internal Auditor – Rawabi Holding Company (RHC) – Saudi Arabia. September 18, 2010 to May 31, 2014

During my stay with RHC I successfully completed the following:

Prepared and executed the risk based internal audit plan for year 2011-12-13 and 2014

Introduced Benish Model to review and analyze the periodic financial reporting to identify and mitigate the information fraud, financial manipulation and engineering in books of accounts.

Introduced and implemented Benford’s Analysis to identify and mitigate the financial errors, financial frauds and manipulation of company resources.

Prepared and executed the risk based internal audit plan for year 2011-12-13 and 2014

Managed team of 6 internal auditors reporting to me,

Determined scope of review/ audit in conjunction,

Preparation of audit program,

Reviewed the suitability of internal controls,

Conduct audit testing of specified area and identify reportable issues and dimension of risk.

Determine compliance with local laws, international financial reporting standards, company policies & procedures and best business practices.

Drafting and finalizing the comprehensive audit reports of the audited area.

Identified financial fraud of 3 million SAR in Vehicle Fleet maintenance operations in year 2012.

Identified fraud of 1.8 million SAR in inventory management in one business unit of the group engaged in Oil & gas sector in year 2012

Identified and investigated the reasons of loss in one business unit of Group in 2013

Identified and highlighted manipulation of books of accounts of construction unit of the group in 2013.

Identified risk and ghost assets across the group and rectify the books of account in respect of fixed assets (35,000 line items) across the group in 9 business units in year 2013-14.

I conducted audits of expenditure cycle, accounts payables, accounts receivables, treasury, and operational audit of productions, estimation, and review of bidding process, review of budgeting process and business investigation of projects with high budgetary variances.

3.Financial Controller – M/s Qureshi Telecom and Contracting Company (QTCC) Limited Saudi Arabia (September, 2008 to September 2010).

Achievements:

During the services with QTCC Ltd, I completed the following tasks successfully:

Designed operational policies and procedures

Established effective internal controls as per best business practices

Designed and introduced “Projects in Controlled Environment” principle and designed control strategies.

Implemented international financial reporting standards

Designed internal audit department and implemented in 3 phase plan

Introduced inventory management and accounting system

Restructured overall accounting & finance department

Designed and documented transactional execution plan

Integrated overall accounting and reporting across the group

4.Financial Consultant - SACHET – Pakistan (April 11, 2008 to August 30, 2008)

Served a leading NPO of Pakistan and completed the following tasks:

Designed financial management system to handle multi donor & multi projects financial reporting and accounting.

Drafted and implemented operational policies and procedures in accordance with the requirements of local laws, international standards, USAID procedures and DFID requirements.

Analyzed and restructured investment strategy for the endowment fund of PKR 300 million.

5.Manager Audit & Financial Consulting – Nasir Javed Maqsood Imran Chartered Accountants Islamabad (A Member firm of CPA Associates) - Pakistan (October 24, 2004 to April 10, 2008)

Responsible for audit planning, review and monitoring of audit, preparation of audit programs, finalizations of financial statements, management, corporate and taxation consultancy assignments. Training of audit staff on international financial reporting standards and international standards on auditing. Led the team of 50 audit personals.

Responsible for corporate restructuring, registration of companies, banking consultancies, investment and management advisory services to clients. Directly supervised 75 corporate clients listed and non listed companies including management consultancy services to 10 commercial banks of Pakistan.

Achievements:

During the services with NJMI Chartered Accountants followings are the achievements:

During my services I successfully:

oPrepared the annual audit plan for statutory audits, quarterly plan for internal audits of the clients and planning for special audits and investigations time to time,

oConducted system studies for audit planning,

oExecuted and monitored the audit field work, reviewed the audit findings and finalized the ML (Management Letter) and financial statements.

oDesigned and developed accounting systems of various consultancy companies, manufacturing concerns, trading companies, textile units, hospitals and chemical industries.

oProvided management and financial consultancy services to the leading bank and financial institutions and developed credit line appraisal system, business valuation system and establish the loan reporting and sanctioning system of the following banks:

oUnion bank limited

oStandard Chartered Bank Limited

oDubai Islamic Bank

oAtlas Bank Limited

oUnited Bank Limited

oAskari Commercial Bank Limited

I developed financial management and accounting systems of various international organizations and directly supervised financial management of following international organizations:

oMicronutrient initiative (Canadian NPO) also worked as Acting CFM (Country Finance Manager) of the company as outsourced deputed staff during the period from September 2006 to April 2008.

oINGAD (Swiss funded agency managed by UN officials)

oPAGE (CIDA funded project managed by UN officials)

oTAMA (USAID and DFID funded agency operated by UK management)

oSave the Children UK

oJohn Snow International

Special Assignments

During my services with NJMI Chartered Accountants, the firm appointed me as:

Investigation Consultant with the “National Accountability Bureau – Government of Pakistan” in 2005-06 for financial crimes and investigation of Stock Market Crash.

Special Auditor with Islamabad and Lahore Stock Exchanges of Pakistan; I was responsible to conduct system audits and investigations of the brokerage houses to detect financial embezzlements and to recommend preventative measures to Stock Exchange.

6.Audit Supervisor/ Branch Manager S. Zafar Shah Naveed Imran & Co Chartered Accountants Islamabad (A Member firm of Polaris International) - Pakistan (May 01, 2001 to October 23, 2004)

Responsible for audit execution and performed functions as audit team leader.

Performed Functions as branch manager for regional office situated in Lahore – Pakistan from September 15, 2002 to October 20, 2004.

Major assignments and exposure:

During my career I have conducted the following major assignments

Development Sector (management consultancy & corporate restructuring):

I designed the financial management, reporting and accounting system including the operational policies and procedures for the following international organizations working in Pakistan.

Human Development Foundation

Human Resource Development Network

Options Consultancy Limited UK

TAMA

Family Health International

Save the Children UK

United Nation’s Population Fund

United Nation’s Program for Poverty Alleviation

In addition to above I have multifaceted experience of external and internal auditing including audit of Funds, Pharmaceuticals, Oil & Gas companies, Hospitals, Communication and electronic media companies, Tourism companies, NGOs and Trusts, Trading, Consulting companies, Flour mills, Textile Mills and system audit and investigation of Brokerage house.

Worked as Professional Master Trainer (Consultancy Services)

I have been working as professional master trainer (visiting consultant) with Institute of Rural Management and Human Resource Development Network. I have conducted trainings of senior and mid level management professionals of Rural Support Programs (RSPs) on:

Financial Management

Risk Management

Budgeting

Corporate Governance

Proposal Writing

Leadership

Seminars and training workshops attended:

I have undergone through various professional and social trainings as listed below:

1.Professional trainings:

oAccounting for Non Profit Organizations

oZero Based Budgeting

oTaxation management

oAccounting frame work and application of IFRS

oAudit and corporate practices

oInvestment management

oOffice Safety Training

oEffective meeting skills training

oTime management

2.Social trainings:

oGender Issues in South Asia

oViolence against women and its remedies

oBehavior changes in community

oResponsible attitudes

oHealth and Safety

oCPR and First Aid

oDefensive Driving

Professional Memberships:

Associate of Institute of Certified Public Accountants of Pakistan

Associate of Pakistan Institute of Public Finance Accountants

Associate of Institute of Professional Finance Managers UK

Fellow of American Academy of Project Management – US

Other Professional Memberships:

Member Chartered Accountants Club of India

Publications:

Given below are my Articles published in various professional Journals:

Title

Published in

Date

Link

Role of internal auditor in Corporate Environment

Quarterly Journal of Rawabi Holding Company

September 2010

Analytical Review of KSA National Budget for 2011

Quarterly Journal of Rawabi Holding Company

March 2011

Role of Internal Audit in Corporate Environment

e-Journal of Chartered Accountants Club India

February 12, 2013

http://www.caclubindia.com/articles/role-of-internal-audit-in-corporate-environment--16656.asp#.UR8yQR2yz0M

Risk Based Internal Audit Planning – A Practical Approach

e-Journal of Chartered Accountants Club India

February 18, 2013

http://www.caclubindia.com/articles/article_display_list_by_member.asp?member_id=233721#.USKhGx2yz0M

How to detect fraud during the audit – A tool for auditors

e-Journal of Chartered Accountants Club India

February 23, 2013

http://www.caclubindia.com/articles/how-to-detect-fraud-during-the-audit-a-tool-for-auditors-16760.asp#.USd_Xh2yz0N

Fraud Risk Mitigation Process in an Organization

e-Journal of Chartered Accountants Club India

March 3, 2013

http://www.caclubindia.com/articles/fraud-risk-mitigation-process-in-organizations--16907.asp#.UTPOoaJaBMd

From the Manager’s Desk Managers should know the people they are dealing with

e-Journal of MBA Club India

February 26, 2013

http://www.mbaclubindia.com/articles/from-the-desk-of-manager-2442.asp

From the Manager’s Desk Managers should know the people they are dealing with

e-Journal of MBA Club India

March 7, 2013

http://www.mbaclubindia.com/articles/from-manager-s-desk-inter-cultural-differences-part-ii-2445.asp#.UTkVRNZaBMd

Internal Audit Process and Reporting

e-Journal of Chartered accountants Club

March 20, 2013

http://www.caclubindia.com/articles/internal-audit-process-and-reporting-17117.asp#.UUx5cBdHKsI

Languages:

Fluent in written and spoken – English & Urdu

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