System development, Budgeting & Forecasting, Project Management
Resume:
Name : Asif Qamar
Email : **************@*******.***
Contact No. : +966-*********
Location : Riyadh, Saudi Arabia
Nationality : Pakistani
LinkedIn : https://www.linkedin.com/in/asif-qamar-06225537/
Core Competencies
o Financial Planning & Analysis (FP&A).
o Budgeting & Forecasting.
o CAPEX Planning & Monitoring.
o Performance Analysis & Commentary.
o Process Optimization & Digitalization (SAP, Power Query).
o VAT (Value Added Tax), Zakat & Tax & WHT
o Internal Controls & Compliance.
o Team Leadership & Cross-Functional Collaboration.
Professional experience:
Al Hoshani Group of Companies Riyadh, Saudi Arabia
Manufacturing of Flexible Packaging Goods & Paper product i.e. Plastic, Stretch, Carton Paper core etc.
o Accounting Manager Jan – 2020 to present
o Deputy Manager Accounting Jun – 2014 to Dec 2019
Job role
Responsible for managing the financial health of the organization, with comprehensive oversight of accounting operations, financial reporting, budgeting, forecasting, and internal controls. Ensures full compliance with regulatory standards and integration of financial practices with corporate objectives. Plays a key role in strategic planning by providing accurate financial insights and analysis to support executive decision-making and long-term business growth.
o Financial reporting & analysis Responsible for preparing internal periodic performance reports for each business entity, along with various analytical reports to support management decision-making. This includes data inspection, transformation, and modelling to extract meaningful insights. Utilizes financial modelling and key performance indicators (KPIs) to draw conclusions and provide actionable recommendations that drive strategic and operational decisions.
o Month end closing process Oversee and execute the month-end closing process at multiple organizational levels, including profit centre, individual company, and combined group levels. Ensure timely and accurate closing of financial records, adherence to accounting standards, and preparation of comprehensive reports for performance evaluation and strategic review.
o Profit & loss analysis using KPI’S:
o Financial Performance KPI’s: (Revenue growth, Gross profit margin, Gross profit, Operating income, Net profit,)
o Operation Efficiency KPI’s: (Inventory turnover, Cycle time, Production efficiency, Utilization Rate (labour, machinery etc.)
o Customer Metrics KPI’s: (Customer satisfaction (CSAT), Net promoter score (NPS), Customer retention rate, Customer acquisition cost (CAC))
o Statement of financial position analysis
o Current ratio, Quick ratio, Account receivable turn over, Account payable turnover, Debt equity ratio, Debt ratio, Equity ratio, return on equity, Working capital. Asset turnover, Fixed asset turnover
o Ensure accuracy through verification of inter-company transactions
o Custom financial reports on demand to support management and stakeholder needs.
o Budgeting & forecasting broader financial and business planning strategy. Ensure forecasts are aligned with organizational goals and support effective resource allocation, performance monitoring, and long-term strategic planning. Collaborate with cross-functional teams to develop realistic projections that drive informed decision-making.
o Cash flow & treasury management including the preparation of cash flow projections based on historical accounts receivable (AR) and accounts payable (AP) trends. Ensure optimal liquidity management, support funding requirements, and maintain financial stability by monitoring cash positions and anticipating future cash needs.
o Audit & compliance Responsible for ensuring compliance with applicable laws, regulations, and directives issued by relevant authorities through regular assessments and documentation. This includes:
o Preparation and review of audited financial statements (drafts)
o Filing and compliance of Zakat and Tax Returns
o Submission of Value Added Tax (VAT) Returns
o Submission of Withholding Tax (WHT) Returns
o Coordination and support during Zakat, Tax, VAT, and WHT assessments
o Asset Management Oversee the full lifecycle management of the organization’s physical assets, including key activities such as acquisition, tracking, maintenance, depreciation, and disposal. Utilize asset performance metrics to optimize utilization and reliability.
o Key KPI’s include: MTTR (Mean time to repair), MTTF (Mean time to failure), AFR (Annualized failure rate), AOR (Average occupancy rate) OEE (Overall equipment effectiveness).
o Stock analysis Conduct periodic and surprise stock counts to verify company inventory and ensure adherence to purchase management protocols. This process supports:
o Improved decision making, reduce holding cost, better demanding forecast, improve capital efficiency, Enhance profitability.
o Key KPI’s tracked include: inventory turnover ratio, Demand forecast accuracy, Order fill rate, Carrying cost of inventory, Stock availability, Inventory shrinkage, Backorder rate, Order cycle time, etc.
o Feasibility report analysis thorough evaluations of the practicality and viability of projects, focusing on the acquisition, installation, and operation of machinery within specified parameters. Assessments ensure alignment with technical specifications and organizational goals.
o Key KPI’s include: Overall project evaluation, Economic standard compliance, Financial ratio analysis, Production capacity assessment etc.
o System development responsible for designing, creating, and maintaining information systems that enhance operational efficiency and reporting capabilities. Key systems developed include:
o Bank refinance financing system
o Value added tax (VAT) management system
o Various dashboards report for real time data visualization and decision support
o Cross functional work closely with teams across Production, Sales, HR, Logistics, and Legal to develop and maintain effective working relationships. Facilitate open communication and coordination to ensure alignment of financial strategies with operational goals and company-wide objectives.
o Team management direct and lead the accounting and finance team, providing guidance, mentorship, and support to ensure high performance, accuracy, and timely completion of financial tasks. Foster a collaborative environment that promotes professional growth and accountability.
Shahbaz Garments (Pvt) Ltd. (Division of Midas Safety) Karachi, Pakistan
Manufacturing of Industrial gloves and export all over the world.
Deputy Manager Finance Jan 2011 – Mar 2014
Assistant Manager Finance Jan 2010 – Dec 2010
Senior Accounting Officer Jan 2009 – Dec 2009
Accounting Officer Jan 2007 – Dec 2008
Accounting Assistant Nov 2004 – Dec 2006
Job role
Overseeing and Managing General Accounting function, ensuring accuracy in Financial reporting and supporting Strategic Financial planning.
o Supervision of FI module supervise and manage key components of the Financial Accounting (FI) module, ensuring accurate and efficient processing of financial transactions. Responsibilities include:
o MDM (Master data management)
o Recuring entries
o Periodic transaction
o Bank reconciliation
o AP (Account payable)
o AR (Account receivable)
o Banking operation Manage day-to-day banking activities, including coordination with financial institutions for the arrangement and allocation of funds across different business units based on operational requirements and priorities. Key responsibilities include:
o LC’s (Letter of Credit) payments
o Post-dated cheques management
o Loan’s payment
o Payment to suppliers (AP) & others payment payments
o Projected vs actual Cash Flow prepare and monitor cash flow projections by estimating collections and payments over a specified period, followed by a detailed comparison of projected vs actual cash flows. This analysis supports accurate forecasting, cash planning, and financial control:
o Collection from various sources (e.g., loans, AR)
o Loans payments
o Supplier payments
o Other’s disbursements such as salaries, utilities & operating expenses
o Payroll processing (executive) ensure accurate and timely processing of employee salaries while maintaining full compliance with legal and regulatory requirements. Key responsibilities include:
o Calculating income tax and other deductions from monthly salaries and ensuring timely deposits to the government treasury
o Preparing and filing monthly and annual income tax returns in accordance with applicable laws
o Taxes management Handle the calculation, deduction, and charging of various types of taxes, ensuring timely deposit into the government treasury in compliance with regulatory requirements. Tax responsibilities include:
o Sales tax
o income tax (including payroll related tax)
o Advance tax
o Insurance coverage management manage insurance coverage for company stock, including quarterly updates to reflect current inventory levels and ensure adequate protection. Oversee the annual policy renewal process and coordinate with banks to meet financing and compliance requirements related to insured assets.
o Profit & loss statement preparation for two business units and report the results to the Senior Manager for consolidation at the company-wide level. Ensure accuracy, consistency, and timely submission to support financial analysis and strategic decision-making.
o External audit support assist in the finalization of external audits by coordinating and verifying key financial information, particularly related to banking and inventory matters. Responsibilities include:
o Bank confirmation
o Interest calculations
o Reconciliations
o Stock counting and verification
Education
o CIMA FINALIST (CMGA) July 2012 – Jan 2013
o CMGA (Chartered Management Global Accountant) from CIMA (Chartered Institute of Management Accountant).
o Master of Business Administration. May 2006 – Dec 2009
o MBA in banking & finance from Muhammad Ali Jinnah University.
o Bachelor of Commerce. Aug 1993 – Dec 1997
o Bachelor of commerce from University of Karachi.
Achievements
o Acted as FI Power User during the successful implementation of ERP (SAP), contributing across all key phases:
o AS – IS analysis session
o TO – BE business blueprint design
o MDM – Master data management
o GO – LIVE execution and post-implementation support
o Designed and implemented an integrated Sales and Receivables system in a legacy environment using Visual FoxPro, in collaboration with the IT team.
o Developed and executed Value Added Tax (VAT) procedures and Bank Financing systems, including the design of custom system reports to support regulatory compliance and operational efficiency.
Technical Skills
o Diploma in computer software Mar 1997 – Jun 1999
o Two years diploma in computer software from ABC computer institute Karachi – Pakistan
o MS office Nov 2004 - present
o Over 20 years of experience with Microsoft Office suite, with advanced proficiency in:
o MS Excel (data analysis, financial modelling, pivot tables, macros)
o MS Word and PowerPoint (professional documentation and presentations)
o MS Outlook (email and calendar management)
o Recently gaining experience in Power BI for data visualization and business intelligence reporting
Languages:
o Urdu : Native
o English : Professional
o Arabic : Basic
Contact this candidate