Head of Group Audit / Finance Manager / Tax Advisor
Professional Leader with over 20+ years of diverse experience mainly in leading GCC Business Groups and Big 4 Accountancy Firms as Chief Officer and Head of Department (Finance, Tax and Audit). Excellent track record of building and turning around Business Units / Divisions performance achieving double digit growth in revenue and reduction in costs with resultant improvement in liquidity and cash flows. Contact Details:
E-mail : email@example.com & firstname.lastname@example.org Profile Summary:
As a senior Fellow Chartered Accountant having a total hard core Finance, Audit and Taxation Managerial experience of around 20+years (including around 14 to 15 years in the GCC market). My work experience has given me a diverse exposure to work with the Core Finance & Audit functions of organizations relating to different sectors of the GCC & MENA economies (Car Rental, Real Estate, Hospitality, F&B, Retail, Manufacturing, Automotive Dealerships, Wholesale Distribution, Logistics, Back-Office Shared Services like HR, IT, etc). Expertise in designing and implementing Financial & Operational Solutions with the underlying objective of enhancing stakeholder values. Actively involved in conducting due diligence in the Big 4 Accounting Firms, developed financial models for financing the acquisitions. Extensively travelled to around 7, 8 countries and appreciative of diverse cultures, viewpoints, opinions. Fluent in English, Urdu and working knowledge of Arabic. Led geographically dispersed teams to manage Finance and Audit functions for various Business Units across the Group. Motivational leader taking the team of around 20 people along, developing people, driving change and meeting tough challenges & deadlines. Service oriented expertise involves Presentations and advice given to clients on technical issues regarding Value Added Taxation (VAT) implementation strategies, executing VAT compliance, Tax planning and internal procedures, VAT Returns, Ensuring completion and compilation of VAT mechanism across the Group, Risk Analysis & Risk Based Audit methodologies, Financial Management & Capital Budgeting Techniques and Technical advice on select International Financial Reporting Standards + International Standards on Auditing.
Qualifications and Educational Background:
Chartered Accountant - Fellow member (FCA) of Institute of Chartered Accountants of Pakistan (ICAP).
Public Finance Accountant - Fellow member (FPFA) of Pak. Inst. of Public Finance Accountants (PIPFA).
Certified Internal Auditor (CIA) qualification of the Institute of Internal Auditors (IIA), USA.
Certified Information Systems Auditor (CISA) qualification of the Information Systems audit and Control Association (ISACA), USA.
Chartered Accountancy Foundation - College of Accounting & Mgt. Sciences, Karachi, Pakistan.
A-Levels (University of Cambridge, U.K.) - Arab Unity School, Dubai, U.A.E.
O-Levels (University of Cambridge, U.K.) - Arab Unity School, Dubai, U.A.E. Career Timeline (Core Finance & Audit):
2011 till date - A.A. Al Moosa Enterprises LLC - Dubai, U.A.E as Head Group Internal Audit & Finance.
2010 till 2011 - Gulf Marketing Group (Sun & Sand Sports, Super Care Pharmacy) - Dubai, U.A.E as Group Audit & Risk Controller and Finance Manager.
2006 till 2010 - Al Tayer Group LLC - Dubai, U.A.E as Group Asst. Internal Audit Manager and Group Asst. Finance Manager.
2005 till 2006 - PricewaterhouseCoopers - U.A.E, Professional Accountants as Asst. Audit Manager.
2003 till 2005 - Deloitte & Touché - Pakistan, Chartered Accountants as Asst. Audit Manager.
1998 till 2003 - Ernst & Young International - Pakistan, Chartered Accountants as Senior Auditor. Areas of Excellence:
Internal Controls, Risk analysis and Audit, International Standards on Auditing (ISA)
Financial Planning, Budgeting and forecasting, International Financial Reporting Standards (IFRS)
Taxation, IT shared service interface, Consolidation, Mergers, Acquisitions, Financial Due diligence Page 2 of 2
Work Experience on Core Audit (Internal + External) Roles:
Overall planning of audits, initial meetings with clients to understand the expectations and designing audit strategies after assessing the overall audit risk and developing Audit Programs in this regard.
Championed group-wide focus on Cost Savings & Revenue Increase for the Clients audited. Achieved cost savings of upto AED 10M with Revenue Growth of upto 25% i.e. AED 15M in the clients.
Managing an audit and inventory team comprising of a total of 15 to 20 people.
Heading the Group Internal Audit Function with full independent reporting to the Chairman / Owners.
Risk based Audits, testing and evaluation of internal controls thoroughly to assess the Control Risk
Using latest Audit automation tools like ACL, Arbutus Data Analyzer, etc.
Roll out of Audit and Inventory Count schedule prepared for all the group companies to be audited, with a view to maintain optimum utilization of Audit resources in terms of staffing, man days allocation, etc.
Monitoring the timely preparation of all audit deliverables including financial statements, internal control memorandum / management letters, Audit & investigation reports, etc.
Advisory services to the clients on various Tax accounting, corporate, investigative and financial issues. Work Experience on Core Finance & Accounting Roles:
Financial Consolidation of all Group entities as per IFRS by 10th working day of the following months
Managing a Finance team comprising of a total of 8 to 10 people.
Co-ordination with Group entities, IT and consultants to improve process flow
Working with end result of achieving budgets with specific emphasis on CAPEX and EBIDA.
Rolling out a new Operating philosophy that increased the operating margin from 35% to 54%.
Streamlined a business wise reduction in Inventory holding as per the turnover resulting in improvement in cash flows by around 30%. Spearheaded recoveries from debtors resulting in the slashing of outstanding days from 45 to 30 reflecting an improved working capital position.
Engaged in all Board matters including Business Strategy, IT strategy (permanent member of the IT Strategy Committee), Franchise discussion and Contract negotiations and Retail Mall negotiations for space
Insurance & Banks / Financial Institutions - Co-ordination with the insurers to ensure adequate insurance cover of all assets of the company. Coordination with banks for financing facilities, working capital, etc.
Accounting - Verifying Monthly Accruals, Fixed Assets addition, Deprecation Run, Prepaid Expense Allocation, Preparation and retention after approval of necessary journal vouchers to ensure correct accounting and Consolidation in the Monthly, Quarterly, Half-yearly and Yearly Financials. Soft Skills & Other areas of Interest:
Thinker (New Technology & researching the Internet for enhancing my knowledge)
Planner & Change leader (Use of latest Soft tools)
Communicator (Reading articles, newspapers and journals of professional & academic institutes globally)
Motivational leader (Team building, Huddles and Leading by example) Professional Learning & Development:
Conference on Chief X Officers role
Performance Management, Team Building & Team Appraisals
Tax, International Financial Reporting Standards & International Standards on Auditing various workshops
Audit System 2 (AS/2), Release 3.02 Audit Package IT Related Proficiency:
Automated electronic ERP environment using tools like JD Edwards, Car Rental Softwares, Milepower, Restaurant Systems, Opera, Sun & BirchTree, POS, Proclarity, VAT accounting Softwares
Complete operations of Audit automation tools like ACL, Arbutus Data Analyzer, My Client Audit Package Ver. 1.3, Audit System 2 (AS/2), Release 3.02, CaseWare W/Papers
Knowledge of MS Office, Internet, Cloud & Server Computing & working in a fully networked environment. Personal Information:
Father's Name: Mahboob Hasan Khan
Date of Birth: December 19, 1977
Marital Status: Married
Religon: Islam (Muslim)
Nationality: Pakistani (Passport Number AG 6806884)