Muzammil Hassan Farhan
(Job Seeker - Active)
Finance
Dubai
Summary of Career
1. Developed budgets, strategic plans, cash flow projections, cost analysis, monthly, quarterly and annual reports.
2. Completed monthly and annual consolidated financial statements, ensuring that all information was accurate, and all policies and procedures were followed.
3. Executed core financial processes, including vendor setup and payment, operational expenses, administration of bank accounts and account reconciliations.
4. Improved overall financial reporting by streamlining control processes and reporting structures.
5. Decreased monthly expenditures by 10% through effectively reviewing documents and identifying problem areas.
6. Strengthened the recovery department by introducing a dunning and credit assessment process to mitigate the credit exposure and doubtful debts.
7. Managed the term loan and overdraft facility and helped the group to initiate the restructuring of banking facility.
8. Assisted to complete the external audit earlier than past.
9. Hired, trained and supervised day-to-day activities of accounting staff and delegated tasks to increase productivity and office efficiency.
10. Lessened operational and administrative costs including networking cost, communication cost and rent cost between 8% to 50% by performing detailed working.
Experience as Assistant Manager
10 October 2005
20 April 2010
Worked from an Associate level to Assistant Manager in KPMG Pakistan and KPMG UAE.
• Leaded large teams through planning, execution and completion stages of audit which includes supervision, review and finalization of an assurance (statutory and regulatory audits and interim reviews) engagements in accordance with International Standards on Auditing (ISA).
• Assisted clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRSs), local corporate laws and directives of regulatory authorities.
• Provided expert advices on the application of International Financial Reporting Standards (IFRSs), taxation, foreign currency remittances, accounting treatment of complex transactions and compliance with secretarial practices.
• Provided recommendation to clients to overcome deficiencies in controls over financial reporting.
• Reviewed the work of the team to ensure that all work is completed and documented in accordance with KPMG methodology and International Standards of Auditing.
• Grew advisory and tax business clients for the company from closely networking with audit clients.
Experience as Finance Manager
16 May 2010
31 March 2016
WaterWorld Realty, a group company of Credo Investments. Group is engaged in affiliated businesses of Property Investments, Developments, Real Estates. One of the good reputed Developer of the region, Credo Investments have delivered couple of landmarks in UAE and had managed portfolio of Commercial, Residential, Retail and mixed-use development till post hand-over.
• Prepared monthly MIS, quarterly forecast and annual budgets of group companies and compared and analyzed the differences between actual position and business plan & budgets.
• Performed routine closings, maintained clean, accurate and accessible records and kept close eye on transaction updates throughout each quarter.
• Reviewed sales and lease agreement, payment plan & approved price and reviewed DLD checklist and other related documents.
• Analyzed historical data i.e. sold /unsold analysis, mortgage unit analysis, break even analysis, paid / outstanding analysis, debt / equity analysis, interest cost analysis, contractors payables analysis, leasing analysis etc.
• Ensured all payment are accrued and paid on time including managing escrow account.
• Prepared investment analysis reports including NPV, IRR, Debt Equity Ratio, Liquidity ratios, Forecasted Cashflow, Financial Ratios, Capital requirements for current/upcoming projects and presented them to management.
• Prepared Rentals listing of rented property and ensured timely collection of rents.
• Created detailed chart of accounts with proper dimensions.
• Created the Accounting Procedures & Policies with Accounting treatment, entries, and flow charts.
• Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
• Established a process to ensure timely collection of installments from buyers.
Experience as Finance Manager
06 April 2016
08 July 2019
TCS Express & Logistics is an associated company of TCS Group, a multinational group has its presence in UAE, Pakistan, UK and Canada. Group is involved in diversified business ranging from simple courier to complete solution, international freight and cargo, warehousing and mail management, retail distribution and event management to evolving E.com Industry.
• Formulated the annual budget by involving stakeholders of all business units.
• Prepared monthly fluctuation analysis and conducted financial forecasts.
• Supported operational efforts and budgetary needs by taking initiative to recommend and manage costs and revenue enhancement.
• Validated existing accounting management and reporting systems to assess quality and conformance, identify problems and implement corrective actions.
• Complied with established internal controls and policies.
• Developed a process to evaluate the credit proposal and financial stability of customers and put effective controls and monitoring tools which reduced doubtful debts from 5% to 1%.
• Hired, trained and supervised day-to-day activities of accounting staff and delegated tasks to increase productivity and office efficiency.
• Lessened operational and administrative costs including networking cost, communication cost and rent cost between 8% to 50% by performing detailed working.
• Reduced average management reporting time from 10 – 15 working days to 5 – 7 working days.
• Submitted VAT and Emirates Post filings to comply with Govt. and Federal Tax Authorities rules and regulations.
• Communicated with staff, vendors and contractors regarding invoices and payment status to facilitate accounts payable and accounts receivable procedures.
• Coordinated and cooperated with internal and external audits and implemented agreed upon recommendations.
• Increased employee productivity and overall efficiency of the company by introducing and improving accounting processes and implementation of standard operating procedures that eliminated duplication and reduced the time to complete month-end reports.
Experience as Finance Manager
19 July 2019
16 June 2020
Centre Point Logistics (CPL) a group company of Lootah Holding having its presence in UAE and Oman; and involved in providing integrated logistics support services from warehousing, transportation, freight forwarding, technical and skilled labor and equipment and operational management.
Developed budgets, strategic plans, cash flow projections, cost analysis, monthly, quarterly and annual reports.
• Completed monthly and annual consolidated financial statements, ensuring that all information was accurate,
and all policies and procedures were followed.
• Performed spending analysis and partnerships to refine policies and develop recommendations for improvement.
• Executed core financial processes, including vendor setup and payment, operational expenses, administration of
bank accounts and account reconciliations.
• Improved overall financial reporting by streamlining control processes and reporting structures.
• Decreased monthly expenditures by 10% through effectively reviewing documents and identifying problem areas.
• Assessed budget plans and present costs to forecast trends and recommend changes.
• Ensured compliance to Corporate & Legal requirements with Free Zone Authorities including JAFZA, HFZA, Dubai South and SFZA.
• Strengthened the recovery department by introducing a dunning and credit assessment process to mitigate the credit exposure and doubtful debts.
• Managed the term loan and overdraft facility and helped the group to initiate the restructuring of banking facility.
• Implemented IFRS 16 accounting practices successfully.
• Assisted to complete the external audit earlier than past.
Other 28 August 2009
ACA (Associate Chartered Accountant) - From Institute of Chartered Accountants of PakistanBachelor 31 December 2004
B.COM - From University of Karachi , Pakistan