Muhammad Nadeem Qayyum
Certified Management Accountant (CMA-USA) - Finance & Accounts
Dubai
Summary of Career
1. ACCOUNTING & INTERNAL CONTROL SYSTEM: Worked set up entire accounting and internal control system from scratch. Worked extensively in GL, P/A, R/A, Treasury, Fixed Assets, Payroll, inventory & Costing.
2. BUDGETING & REPORTING: Managed entire budget process. Prepared management report (monthly/quarterly) with variance analysis (price/quantity.) actual to budget commentary suggesting corrective actions.
3. POLICIES & PROCEDURES (P&P): Developed, autonomously from scratch, monitored and implemented accounting, fixed assets, procurement, account receivable and payable, dividend, HR etc.
4. Prepared General Purpose Financial Statement (GPFS), standalone & consolidated, using IAS/IFRS framework. Managed overall finances for liquidity, solvency and profitability. Liaised with stakeholders’ internal & external to manage relations. Dealt with banks to arrange and monitor LCs’, FOREX forwards (to hedge Euro payments for machinery purchased), term loan, running finance etc. Matching maturities (short & long term).
5. COST ACCOUNTING: Developed cost mechanism, identifying cost behavior for product costing. Worked for standard costing, costing module of manufacturing concern (process & job order costing).
6. INVESTMENT APPRAISAL: Financial & economic modeling using NPV/discounted NPV of future cash flows, IRR and payback methods.
7. OTHERS: Worked as company secretary, served as member of various committees i.e. project steering, grievance, tender/procurement.
8. LEADERSHIP: Determined to lead from front and grow as leader. Experienced working in multi-cultural & matrix reporting environment.
9. TEAM WORK: Able to work as team player, support team building, encourage teamwork. Demonstrated management skills of twenty members’ team for efficient, effective & productive utilization.
10. LANGUAGE & COMPUTER: Proficient in writing & speaking English. Proficient in MS office and various accounting related ERPs’ both off the shelf & purpose written. Esp. SAP, HFM & IBM Cognos TM1.
Experience as Management Reporting Supervisor
Oman Waste Water Services Co SAOC
06 July 2014
01 January 2019
· Responsible for financial management report (monthly, quarterly and annual) using GL/Report Wand & Oracle, to internal stakeholders’ (CEO and leadership team) detailing actual to budget variances commentary and recommendations for corrective actions and external stakeholders’ i.e. (Ministry of Finance) submission under concession agreement.
· Responsible for financial management report direct to those charge with governance (Audit committee, BOD)
· Provide financial and other related information as and when required from finance division internally and/or externally.
· Managing budget and accounting segments with technical support as and when require.
· Develop financial management reporting division from scratch. (Achievement)
· Meet strict reporting timelines without single delay during tenure. (Achievement)
· Managing the cumbersome financial management reporting pack manually on MS office. (Achievement)
Experience as Financial Accountant Specialist
Gulf Specialty Steel Industries LLC
16 March 2012
15 June 2014
· Responsible for entire accounting, used EQUAL ERP, & internal control system.
· Responsible to finalize the General Purpose Financial Statement (GPFS) and financial management report for joint venture partners, used HYPERION for Oman Oil, on their require formats (detailed actual/budget variance analysis).
· Dealt with bankers’ for LCs’ term loans, FOREX forward contracts, running finance and other arrangements.
· Assist monitoring the prices of zinc purchase on London Metal Exchange (LME).
· Responsible for annual budgets and forecasts in the context of financial model.
· Responsible for statutory audit finalization and management representation letter responses.
· Develop entire systems from scratch and handled manually entire finance & accounts for a year. (Achievement)
· Assure implementation of all modules of newly acquired ERP by successful transformation from old to new system. (Achievement).
· Took lead for the development of product costing and price settings. (Achievement)
Experience as Finance Manager
Sita & Al Bashaer Environment LLC
01 February 2010
15 March 2012
· Overall accounting and financial management used Tally ERP.
· Overall reporting GPFS, financial management reporting to stakeholders’ and under concession agreement.
· Annual budget and forecast in the context of financial model.
· Liaised with bankers’ insurance, leasing to arrange facilities.
Experience as Chief Accountant
RAK Abela Catering LLC
01 December 2007
31 October 2009
· Overall accounting and financial management, used MS Great Plains. Extensively took care of day to day financial transactions.
· Overall reporting GPFS, financial management reporting to stakeholders’.
· Annual budget and forecast
Experience as Finance Manager
Taraqee Foundation
01 June 2004
31 October 2007
· Head and accountable of finance and accounts for entire financial matters. Company operations were micro finance, health, physical infrastructure etc. in 34 offices all over Pakistan.
· Overall reporting GPFS, financial management reporting to stakeholders’.
· Dealt with BOD for entire company matters as Company Secretary.
· Dealt with regulators’ i.e. SECP, FBR, EOBI etc.
· Dealt with bankers’, insurances, lessors, auditors’ etc.
· Represented CEO to deal with external stakeholders’ mainly donor agencies,
· Developed accounting and internal control systems so reliable that enhanced donors’ confidences hence secured more funding especially in micro finance. (Achievement)
Experience as Regional Manager
Rehman Iqbal Umer Iftikhar & Co Chartered Accountants
16 July 2002
15 May 2004
Provided audit, accounting and consultancy services to various clients primarily to the following industries:
· Governmental & Non-Governmental Organizations.
· Hospital
· Construction & contracting companies.
· Sports and entertainment clubs
Experience as Audit Supervisor
Rahim Iqbal Rafiq Chartered Accountants (Moores Rowland International)
16 May 2000
15 July 2002
Provided audit, accounting and consultancy services to various clients primarily to the following industries:
· Manufacturing & Non-Manufacturing Concerns (Sugar, Telephone Cable etc.)
· Banking & Non-Banking Financial Institutions (Allied Bank, Insurance, Leasing)
· Aviation (Aero Asia Pvt. Ltd.).
· Stock Exchange Brokerage.
· Logistic services.
Bachelor 01 May 1996
Mathematics & StatisticsOther 01 May 2004
Chartered Accountants - Intermediate (Institute of Chartered Accountants of Pakistan)Other 01 May 2017
Certified Management Accountant (CMA-USA)