MUHAMMAD FARAZ ASGHAR
Dubai,United Arab Emirates
Summary
Highly skilled finance professional with expertise in financial and management reporting, financial statement analysis, and budgeting and forecasting. Demonstrates proficiency in credit control, working capital management, accounts receivables, accounts payables, and inventory management. Adept at financial decision-making and cash flow management with a strong command of internal controls. Experienced in using SAP Business One, Sage 50/Sage Accounts Productions, QuickBooks, and MS Office 365. Known for maintaining a high standard of professionalism while remaining calm and objective in all situations. Recognised for the ability to quickly identify and resolve technical problems, work autonomously or as part of a team, and possess a good sense of humour with a willingness to learn.
Overview
10
10
years of professional experience
4026
4026
years of post-secondary education
Work History
Senior Accountant
ULTRAPHARMA
Dubai
10.2022 - 02.2025
- Company Overview: Over 27 years old leading pharmaceutical distribution company in UAE, with 40+ top brands of medicines, health and personal care in portfolio and provides registration, importing, and distribution services
- Www.utramedicals.com
- Manage critical accounting operations, including invoicing, inventory management, and accounts receivables
- Ensure accuracy and completeness of financial records through meticulous bookkeeping and reconciliation
- Oversee petty cash handling, bank reconciliations, and financial reporting
- Support financial statement finalisation and provide valuable financial insights and analysis
- Proactively follow up on collections, fostering positive customer relationships and minimising outstanding invoices
- Assist in administrative functions, maintaining employee records and supporting management with correspondence
- Over 27 years old leading pharmaceutical distribution company in UAE, with 40+ top brands of medicines, health and personal care in portfolio and provides registration, importing, and distribution services
- Www.utramedicals.com
- Participated in cross-functional teams; contributed valuable financial insights.
- Prepared detailed financial reports to aid strategic planning efforts.
Relationship Manager/Retail Processor
National Bank of Pakistan
Gujrat, Pakistan
01.2020 - 08.2022
- Company Overview: A Government-Owned Multinational Commercial Bank
- Build and enhance relationships with customers, suppliers, and partners; handle client complaints and resolve them effectively
- Update RM Tracker post-target meetings; open and maintain accounts, lockers, and safe deposits
- Acquire BMV Exemptions, manage new cheque books, ATMs, SMS alerts, and ensure CIF updates, KYC, and data cleansing
- Prepare FBR Vouchers, Government Scrolls, and Monthly Credit Returns for higher management
- Obtain AML approval for high-risk deposits; manage monthly salary/pension disbursements and staff-related communications
- Generate and file Annual Audit reports after branch manager verification
- A Government-Owned Multinational Commercial Bank
Liability Sales Officer
National Bank of Pakistan
Gujrat, Pakistan
02.2016 - 01.2020
- Generate and follow up on customer leads, identify sales prospects, and conduct business development to achieve monthly sales targets
- Cross-sell asset and fee-based products while adhering to internal bank guidelines and procedures
- Engage with customers to resolve queries, ensure satisfaction, and help with transactions like cash payments, cheque processing, and ATM card issuance
- Maintain and report daily activities, including follow-ups and customer communications about interest rates, profit rates, taxes, and zakat deductions
- Facilitate E-remittance and Western Union services, encouraging customers to open bank accounts
Freelance Accounts Assistant (Remote)
RIAZ & COMPANY Chartered Certified Accountants and Registered Auditors
London
01.2015 - 12.2018
- Dealing with the practice manager to discuss weekly work plan
- Liaising with clients to collate the information
- Bookkeeping services for small, medium, and large clients on regular basis, Preparing sales and purchase ledger to number of clients
- Carrying out bank reconciliations and handling intercompany bank accounts in Sage Accounts Production Productions
- Preparing trial balance and general ledger
- Preparing draft accounts for manager's review
- Drafting cash flow forecasts and budgets
- Carrying out all the work remotely and in an efficient way
Assistant Accountant
Decent Furnishers (Pvt.) Ltd
Gujrat, Pakistan
10.2014 - 01.2016
- Company Overview: Leading Furniture Manufacturer
- Preparing aging reports regarding accounts payable and accounts receivable to ensure complete and accurate records
- Stock Maintenance/ Generating invoices
- Closely Supervise the work of storekeeper and verifying the POs issued by him and stock input as per supplier invoices
- Monitoring the Stock out on daily basis to different sections i.e., Polish section, carpenter section, up hostler section
- Monthly stock count of inventory in store and finished goods and highlighting the variances to the finance manager in case of difference between Stock in system and physical stock
- Monthly Payroll processing, reconciliations of bank accounts, liaison with the auditor at the end of the year
- To report Finance Manager about aged receivables, payables, stock, material variances & petty cash level etc
- Computing tax liability and file tax returns to Tax Authorities on timely basis
- Leading Furniture Manufacturer
Education
ACCA - Accounting And Finance
SKANS School of Accountancy
Lahore, Punjab 01.2023 - 02.2025
Master of Commerce -
University of Gujrat
Gujrat, Pakistan02.2013
Bachelor of Commerce -
University of Punjab
Gujrat, Punjab07.2009
Skills
- Financial and Management Reporting
- Financial Statement Analysis
- Budgeting and Forecasting
- Credit Control
- Accounts Receivables
- Accounts Payables
- Inventory Management
- Financial Decision-Making
- Cash Flow Management
- Internal Controls
- SAP Business One/Sage 50/Sage Accounts Productions/QuickBooks
- MS Office 365
- Ability to Remain Calm and Objective in All Situations
- Quickly Identify and Resolve Technical Problems
- Work Autonomously and Team Worker
- Good Sense of Humour and Willingness to Learn
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Languages
English
Urdu/Hindi
Personal Information
Date of birth: 11/12/88
References
References available upon request.
Timeline
ACCA - Accounting And Finance
SKANS School of Accountancy
01.2023 - 02.2025
Senior Accountant
ULTRAPHARMA
10.2022 - 02.2025
Relationship Manager/Retail Processor
National Bank of Pakistan
01.2020 - 08.2022
Liability Sales Officer
National Bank of Pakistan
02.2016 - 01.2020
Freelance Accounts Assistant (Remote)
RIAZ & COMPANY Chartered Certified Accountants and Registered Auditors
01.2015 - 12.2018
Assistant Accountant
Decent Furnishers (Pvt.) Ltd
10.2014 - 01.2016
Master of Commerce -
University of Gujrat
Bachelor of Commerce -
University of Punjab
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