Muhammad Ibrar Khattak
Dubai,UAE
Summary
Finance professional with proven expertise in finance transformation and SAP B1 & S4 Hana implementation. Skilled in financial reporting under IFRSs, management reporting, and budget preparation and control. Strong background in internal audit, compliance, and treasury management, with effective communication skills for collaboration with business partners. Focused on leveraging financial knowledge to enhance organizational efficiency and success.
Overview
16
16
years of professional experience
Work history
Financial Controller
Al Futtaim Group
Dubai
10.2022 - 07.2025
- Financial Planning: Budgeting and Forecasting
- Lead the annual budgeting process, working closely with departmental heads to develop realistic, data-driven budgets aligned with strategic objectives.
- Develop rolling forecasts to reflect changing business conditions and assumptions, enabling proactive decision-making.
- Perform variance analysis between budget, forecast, and actual performance, providing clear explanations for deviations.
- Identify cost-saving opportunities and revenue-enhancement strategies through analytical insights.
- Performance Reporting
- Prepare timely and accurate monthly, quarterly, and annual financial reports for management and stakeholders.
- Monitor and report on key performance indicators (KPIs), operational metrics, and financial ratios to assess business health.
- Provide actionable insights and recommendations to improve financial performance and operational efficiency.
- Support senior management in strategic decision-making by delivering clear, concise, and relevant financial data.
- Quality of Financial Reporting
- Ensure all financial reports and disclosures are accurate, complete, and presented in accordance with applicable accounting standards.
- Review general ledger integrity and oversee the month-end and year-end close processes to ensure timely and accurate reporting.
- Continuously improve reporting processes through automation, dashboards, exceptional reporting and standardization.
- Train and guide the finance team to uphold a high standard of financial accuracy, professionalism, and ethical conduct.
- Financial Controls and Compliance
- Establish and maintain a robust system of internal financial controls to safeguard company assets and ensure the integrity of financial transactions.
- Oversee the implementation of policies and procedures to mitigate financial risk, fraud, and non-compliance.
- Ensure compliance with tax laws, regulatory requirements, and company financial policies.
- Liaise with external and internal auditors, providing necessary documentation and follow-up on audit recommendations.
- Ensure accurate and timely reconciliation of accounts, including bank, supplier, customer, and intercompany balances.
Head of finance
Hafilat Group
Abu Dhabi
06.2018 - 09.2021
- Directed financial reporting and group consolidation for four verticals under IFRS using SAP and Tagetik.
- Coordinated external audits and property valuations with auditors and consultants.
- Ensured accuracy of trial balance through monthly reconciliations of banks and receivables.
- Reviewed VAT returns prior to submission, ensuring timely payments and refunds.
- Supervised preparation of management reports highlighting KPIs and financial performance.
- Led finance transformation by establishing policies, implementing ERP systems, and restructuring teams.
- Monitored daily cash flow to optimise working capital and maintain operational efficiency.
- Presented rolling cash flow forecasts to Group CFO for strategic financial planning.
Manager - Internal Audit
Specialized Investment Group
Abu Dhabi
02.2014 - 06.2018
- Executed complete audit cycle to ensure operational effectiveness and financial reliability.
- Developed annual audit plans by determining scope and objectives.
- Conducted risk assessments to identify mitigating controls.
- Performed audit procedures using testing and interviews.
- Analysed control environments for efficiency and effectiveness.
- Identified control gaps, recommending improvements.
- Documented audit findings according to IIA standards.
- Prepared audit reports for executive management and the Audit Committee.
Senior Internal Auditor
Al Habtoor Valtrans Group
Dubai
03.2013 - 01.2014
- Conducted comprehensive assessments of business operations to identify risks and controls.
- Developed and secured approval for internal audit plan through manager review.
- Executed internal control assessments, including control testing and evaluations.
- Performed risk identification by analysing financial and non-financial data through sampling and walkthroughs.
- Applied COSO Framework, Risk Matrix, and IFRS principles to enhance risk management.
- Documented risk observations and conducted impact analysis to formulate improvement recommendations.
- Prepared detailed internal audit reports for Board of Directors consideration.
- Followed up on issues and recommendations outlined in internal audit reports to ensure resolution.
Audit Senior
Ernst & Young
Islamabad
10.2010 - 12.2012
- Conducted comprehensive internal control assessments and evaluations of financial information.
- Prepared audit planning documents and pre-planning forms for streamlined processes.
- Executed sampling, walkthroughs, and verification to ensure compliance with standards.
- Drafted financial statements, audit reports, and letters of representation accurately.
- Compiled management letters and lists of adjustments following thorough analysis.
- Attended reviews with managers and partners to discuss findings and recommendations.
Audit assistant
Nexia International Riaz Ahmed & Co
Islamabad
08.2009 - 09.2010
- Company Overview: (Chartered Accountants)
- Planning, execution and reporting of External Audit Assignments
- (Chartered Accountants)
Education
FCCA -
Association of Chartered Certified Accountants
ACA - undefined
Institute of Chartered Accountants of England and Wales
CPA - undefined
Institute of Certified Public Accountants of Pakistan
CIA - undefined
The Institute of Internal Auditors
Skills
- Finance Transformation
- SAP B1 & S4 Hana - Use and implementation
- Financial Reporting under IFRSs
- Management reporting
- Budget/forecast preparation & control
- Internal audit & compliance
- Treasury management/banking/cashflow management
- Internal/external coordination
- Strong communication skills with business partners
Custom
Will be furnished on request.
Personal Information
Visa status: Yes
Languages
English
Fluent
Urdu
Native
Arabic
Beginner
Timeline
Financial Controller
Al Futtaim Group
10.2022 - 07.2025
Head of finance
Hafilat Group
06.2018 - 09.2021
Manager - Internal Audit
Specialized Investment Group
02.2014 - 06.2018
Senior Internal Auditor
Al Habtoor Valtrans Group
03.2013 - 01.2014
Audit Senior
Ernst & Young
10.2010 - 12.2012
Audit assistant
Nexia International Riaz Ahmed & Co
08.2009 - 09.2010
ACA - undefined
Institute of Chartered Accountants of England and Wales
CPA - undefined
Institute of Certified Public Accountants of Pakistan
CIA - undefined
The Institute of Internal Auditors
FCCA -
Association of Chartered Certified Accountants
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