Jawad Shafiq
Finance Manager
Dubai,United Arab Emirates
Summary
Qualified professional and experienced finance manager offering 14+ years of rich experience in leading all aspects of Finance & Accounts like Budgeting, Taxation, Audits, Accounts Payables / Receivables, Month-End Closing and finalization of books of accounts as per IFRS, IAS and ISA Standards with including 8+ years of experience in health care in UAE & GCC and 4+ years in real estate in UAE and holding companies. Looking for new opportunity to apply attention to detail and exceptional organizational skills.
Overview
16
16
years of professional experience
6
6
years of post-secondary education
Work History
Finance Manager
Mostafa Bin Abdullatif Investments
Dubai , UAE
2021.01 - 2023.06
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Developed and administered annual budgets following periods of strong analysis and research.
- Developed and administered annual budgets following periods of strong analysis and research.
- Developed thorough forecasting and cash-flow management processes to maximize progression and profitability.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Drove continual improvement in department processes and workflows.
- Enforced compliance with divisional and group financial policies and processes.
- Checked and evaluated allocation of capital expenditure.
- Directed financial reporting detailing yields, cost of transformation and profitability.
- Spearheaded and monitored end-to-end financial planning and analysis and balance sheet reconciliations.
- Mentored department managers in budget forecasting and cost-reduction measures.
- Led analysis of weekly, monthly and quarterly numbers, presenting findings to senior management.
- Assisted junior team members in collating monthly payroll information for processing.
- Maximized system functionality to drive accurate and timely financial information for weekly and monthly processes.
- Worked for holding company and oversee accounting function of all subsidiaries, associates and joint ventures including real estate, it, trading, manufacturing, hospitality, media & capital investments along with accounting of investment company and was responsible for preparation of consolidated financial statements.
- Prepared monthly management accounts, as well as handled month-end / period-end scheduling, adjustments, and closings and MIS reporting for all divisions.
- Financial planning, analysis, reporting and accounting of companies within group, providing strategic direction in implementing internal controls, ensuring efficient and effective financial operations with P&L accountability.
- Managed team of 20+ accountants to ensure completion of work on time and allocation of tasks.
- Assisted CFO in preparation of reports and data required by banks for structured finances in mode of loans, Islamic financing for working capital requirements and investments.
- Ensured implementation of new IFRS enactments in group's financial statements.
- IFRS and vat expert of group and was in charge of vat review and filing for all companies under group.
- Key and active role in ESR filing, ICV audits, external vat audits and compliance checks.
- Prepare and present customized MIS reporting for real estate business to ensure timely effective and corrective decisions if required.
- Analyzing property maintenance expenses along with market standards and reporting variance in same, if any along with historic and comparative analysis.
- Preparing schedules for investment properties and reviewing it on yearly basis to ensure fair value standard application.
Group Finance Manager GCC
Aramed Middle East
Dubai , UAE
2012.12 - 2021.01
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Analyze monthly financial performance for all healthcare divisions including clinics, pharmacies, compounding labs and medical devices trading and give detailed reports on variations versus Budget.
- Review and submission of MIS reporting including but not limited to product wise, doctor wise, brand wise and division wise analysis.
- Analyzing acquisition of new product/brand along with feasibility and investment appraisal of project using NPV, IRR and other investment appraisal techniques.
- Preparing doctor hiring modelling and analyzing best of profit sharing or salary and remuneration-based structure.
- Reviewing and analyzing complete costs related to staff, consumables and other shared based costs of group and proper allocation of same.
- Analyzing CAPEX budgets and reporting on cost benefit analysis for every item of CAPEX.
- Enforced compliance with divisional and group financial policies and processes and to ensure uniformity of application on all GCC based entities.
- Acted as point of contact in support of end-to-end system audits.
- Led analysis of weekly, monthly and quarterly numbers, presenting findings to senior management.
- Effective communication with all departments and to ensure alignment of each with strategic and financial goals
- Successful implementation of Oracle on all entities across GCC under group.
- Active collaboration with receivables and payables teams to ensure effective management of cash flow.
- Periodic negotiations with major suppliers based in Switzerland, Italy and China to ensure effective credit limits to bridge gaps between receivable and payable turnover periods.
Senior Audit Manager
Nazir Chaudhri & Co. Chartered Accountants
Lahoreq , Pakistan
2010.11 - 2012.09
- Identified deficiencies and recommended use of revised methodologies to improve audit applications.
- Contributed to audit planning, testing and review of audit programs to determine appropriateness for company.
- Utilized software to apply audit methodology.
- Attended and completed regular mandatory audit and accounting training to apply best audit practices.
- Supervised independent audits to monitor growth and productivity.
- Optimized team structure, aligning responsibilities with performance measures and metrics to establish audit success.
- Introduced automated audit system to generate cost savings.
- Composed professional development and educational plans for junior staff members.
- Trained and mentored staff to perform best audit practices and improve quality standards.
- Allocated resources and hired individuals with matching skills and potential.
- Prepared audit reports, providing clear description of findings and issues identified and recommending appropriate solutions.
- Managed assignments related to sales tax, income tax and corporate and personal tax of firm's clients.
Audit Trainee
Yusaf Saeed & Co. Chartered Accountants
Lahore , Pakistan
2009.02 - 2010.11
- Trained less experienced team members in standard procedures and software use.
- Liaised with senior staff to investigate and resolve complex transactions and discrepancies.
- Assisted team members with audit engagements to meet strict deadlines.
- Optimized efficiency of financial reporting by completing accurate disclosure checklists.
- Checked completed work against quality assurance criteria to guarantee standardization and conformity to specifications.
- Reviewed financial data, performing analytical procedures to identify unusual transactions.
- Prepared over 10 corporation tax returns with zero error using taxation software.
- Prepared audit proposals for prospective clients, leading to contract wins.
- Reviewed financial statements, gathering and analyzing data to verify accurate representation of transactions.
- Acted as point of contact for client queries, responding on timely basis.
• Represented organization when visiting client sites in local area.
Intern
Allied Bank Limited
Lahore , Pakistan
2008.12 - 2009.02
- Internship in bank to gain experience of banks' working methodologies specifically related to corporate clients and LCs.
Intern
Pak Elektron Limited
Lahore , Pakistan
2008.08 - 2008.09
- Internship in Accounts & Finance Department
Intern
Syed Bhais Pvt Ltd.
Lahore , Pakistan
2007.06 - 2007.08
- Internship in Accounts & Finance Department to understand functionality of department.
Education
ACCA - Reporting, Audit, Tax And Financial Management
ACCA
UK 2022.12 - 2023.09
Cost And Management Accounting
ACMA
Institute Of Cost Accountants Of India 2020.01 - 2020.10
Bachelor of Commerce - B.Com (Hons.) Accounting And Finance
Hailey College, Univeristy of The Punjab
Lahore, Pakistan 2004.06 - 2008.08
Skills
- Financial reporting and Analysis
- Budgeting and Variance Analysis
- Cashflow forecasting
- Corporate compliance
- Financial policy creation
- Balance sheet reconciliations
- Management accounting
- VAT returns
- Inspiring team leadership
- MI reporting
- Financial governance
- Written communication
- Consolidation
- Auditing
- Internal Controls
- Risk Assessment
- Cash Flow and Inventory Management
- SAP, Oracle and MS Office
- Communication skills
Additional Information
Have been a debator through out my educational career and won many awards at organizational and local levels.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
ACCA - Reporting, Audit, Tax And Financial Management
ACCA
2022.12 - 2023.09
Finance Manager
Mostafa Bin Abdullatif Investments
2021.01 - 2023.06
Cost And Management Accounting
ACMA
2020.01 - 2020.10
Group Finance Manager GCC
Aramed Middle East
2012.12 - 2021.01
Senior Audit Manager
Nazir Chaudhri & Co. Chartered Accountants
2010.11 - 2012.09
Audit Trainee
Yusaf Saeed & Co. Chartered Accountants
2009.02 - 2010.11
Intern
Allied Bank Limited
2008.12 - 2009.02
Intern
Pak Elektron Limited
2008.08 - 2008.09
Intern
Syed Bhais Pvt Ltd.
2007.06 - 2007.08
Bachelor of Commerce - B.Com (Hons.) Accounting And Finance
Hailey College, Univeristy of The Punjab
2004.06 - 2008.08
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