Afzal Mohammed
Dubai,United Arab Emirates
Summary
Dedicated Chartered Accountant with five and half years of comprehensive experience, including two years at a Big 4 firm, specializing in auditing, financial management, taxation, and the preparation and finalization of financial statements. Proven track record of delivering meticulous financial insights, ensuring regulatory compliance, and providing strategic guidance to diverse clients. Proficient in interpreting complex financial data, optimizing accounting processes, and implementing robust internal controls. Detail-oriented and goal-driven, with excellent communication skills and a strong work ethic, committed to delivering high-quality results on time while fostering collaboration and maximizing financial efficiency.
Overview
6
6
years of professional experience
9
9
years of post-secondary education
1
1
Certification
Work History
Audit Supervisor
Deloitte & Touche AERS India Pvt Ltd
Hyderabad, India
10.2022 - 09.2024
- Led multiple teams in performing comprehensive external audits for high-profile clients in the Manufacturing, Hospitality and real estate sectors, ensuring compliance with IFRS, IAS, and US GAAP.
- Conducted thorough studies of process narratives, and comprehensive walkthroughs of various business processes, to identify relevant controls. Tested the design, implementation, and operating effectiveness of internal controls, and evaluated deficiencies.
- Carried out testing of various financial statement line items (FSLIs) through test of details and substantive analytical procedures, along with the evaluation of misstatements.
- Reviewed and validated the work of junior staff to ensure quality and accuracy, prior to submission for manager or partner review. Delivered targeted training to enhance their auditing skills, deepen their knowledge base, and foster professional development and efficiency within the team.
- Reviewed and analyzed financial statements, including balance sheets, profit and loss accounts, and cash flows.
- Kept up-to-date with latest auditing and accounting standards, ensuring best practices were adhered to.
- Maintained strong client relationships, liaising with management to resolve audit findings, and discuss strategic improvements.
- Developed budgets and forecasts, monitored performance against financial objectives, and reported variances to senior management and partners.
- Improved audit efficiency by implementing new software tools such as Tableau, Omnia, and Cortex.
- Assisted in drafting audit reports, summarizing findings, and recommendations.
- Real Estate Company: Escrow Audit Expertise - Proficient in conducting thorough escrow audits for real estate development projects, ensuring compliance with regulatory requirements, and verifying the proper handling of client funds in accordance with industry standards and local regulations.
- Service Fee Audit Proficiency: Skilled in performing service fee audits to validate the accuracy and reasonableness of charges billed to clients, landlords, or tenants, thereby enhancing transparency and trust in financial transactions within the real estate development sector.
- Regulatory Compliance: Knowledgeable about the regulatory frameworks governing escrow accounts and service fee structures in the real estate industry, including familiarity with relevant laws, regulations, and guidelines as per the market.
- Reporting and Recommendations: Proficient in generating comprehensive audit reports detailing findings, recommendations, and corrective actions to improve financial processes, enhance operational efficiency, and mitigate risks associated with escrow management and service fee billing in real estate development projects.
- Hospitality Audit Expertise: Conducted comprehensive audits for hotels and resorts, ensuring compliance with industry standards, and proper management of guest funds.
- Revenue and Expense Audit Proficiency: Validated the accuracy and reasonableness of charges billed to guests, enhancing transparency in financial transactions within the hospitality sector.
- Manufacturing Audit Expertise: Conducted thorough audits of manufacturing operations, ensuring compliance with industry standards, and proper management of production costs.
- Cost and Inventory Audit Proficiency: Validated the accuracy of cost accounting and inventory management practices, enhancing transparency and efficiency in financial reporting.
Senior Audit Executive
Satheesh & Srinivasu Chartered Accountants
Hyderabad, India
03.2019 - 09.2022
- Conducted statutory audit of public sector companies in the field of manufacturing with turnover of more than 300 crores, ensuring compliance with Indian Accounting Standards, IFRS, and local regulations.
- Involved in statutory audit of banks with advances of more than 500 crores, ensuring compliance with Indian Accounting Standards, and local banking regulations.
- Conducted comprehensive internal audits to evaluate the efficacy of internal controls, risk management protocols, and compliance with relevant policies and regulations. Prepared detailed audit reports delineating findings, conclusions, and recommendations for management's review and subsequent action.
- Analysed data and information to detect trends, anomalies, or irregularities suggestive of fraud, errors, or operational inefficiencies.
- Independently managed accounting functions for private clients, from transaction recording to comprehensive financial statement preparation in accordance with IFRS and GAAP, coordinating with external auditors for seamless audits.
- Developed financial models to project cash flows, assess return on investment, and evaluate the financial viability of real estate development projects.
- Executed internal audits and risk assessments for clients, along with specialised audits such as stock audits, Bank Guarantee audits, and trade finance/Letter of Credit limit assessments.
- Goods and Services Tax and Value Added Tax (VAT): Managed and executed GST/VAT implementation projects for clients across various industries, ensuring compliance with tax regulations and deadlines.
- Prepared and filed GST/VAT returns accurately and timely, maintaining meticulous records to support compliance and audits.
- Advised clients on GST/VAT registration, deregistration, and related procedures, guiding them through the application process and documentation requirements.
- Corporate Tax Laws: Advised clients on various corporate tax matters, including tax implications of business transactions, restructuring, and expansions.
- Provided guidance on transfer pricing policies and documentation requirements, ensuring compliance with OECD guidelines, and local regulations.
- Knowledge of UAE Corporate Tax Laws - Proficient understanding of the UAE corporate tax framework, including Federal Decree-Law No. 7 of 2017 on Tax Procedures, and other relevant tax regulations governing corporate taxation in the UAE.
Education
CHARTERED ACCOUNTANT (CA) -
Institute of Chartered Accountants of India
India 06.2017 - 05.2022
High School Diploma - Accounts and Commerce
Sri Medha V College
India 06.2015 - 05.2017
High School Diploma - Secondary School
St Gabriel's High School
India 05.2013 - 05.2015
Skills
- MS Word, Excel, and PowerPoint
- SAP, Tally, QuickBooks, Odoo, and SAGE
- Problem-solving skills
- Financial Reporting
- Budgeting and forecasting
- Leadership
- Attention to detail
- IFRS, IAS, US GAAP
- Time management
- SOX/internal control testing
- Risk Assessment
- Analytical skills
- Excellent communication, interpersonal, and skills
Certification
- Certification in Advanced Integrated Course on Information Technology by Institute of Chartered Accountants of India
- Certification in General management and Communication Skills by Institute of Chartered Accountants of India
- MS Advance Excel Certification from Udemy
Languages
Hindi
Native
English
Proficient (C2)
Telugu
Proficient (C2)
Arabic
Elementary
Awards and Accomplishments
- Received Spot and Applause Award for the contribution and success to the team (Deloitte)
- Awarded for securing Highest Marks in CPT(Foundation) in college (Sri Medha V College)
- Participated in Cricket tournament held at district level and won a medal in 10th Grade (St. Gabriels High School)
- Part of Deloitte Social events committee and held many programs successfully including Deloitte annual events (Deloitte)
Timeline
Audit Supervisor
Deloitte & Touche AERS India Pvt Ltd
10.2022 - 09.2024
Senior Audit Executive
Satheesh & Srinivasu Chartered Accountants
03.2019 - 09.2022
CHARTERED ACCOUNTANT (CA) -
Institute of Chartered Accountants of India
06.2017 - 05.2022
High School Diploma - Accounts and Commerce
Sri Medha V College
06.2015 - 05.2017
High School Diploma - Secondary School
St Gabriel's High School
05.2013 - 05.2015
- Certification in Advanced Integrated Course on Information Technology by Institute of Chartered Accountants of India
- Certification in General management and Communication Skills by Institute of Chartered Accountants of India
- MS Advance Excel Certification from Udemy
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