Shahzad Ahmad Siddiqui
CMA (Management Accountant)
Dubai
Summary of Career
1. Direct & Indirect Taxes (Including VAT), Financial & Cost Audit, Costing Management & Cost Controlling, Feasibility Reports & SWOT Analysis, Registrations & Business Licensing
2. Preparation of Annual Budget, Monthly Costing & related Analysis, Variance Analysis, Financial Analysis, Calculation & Recommending Capital Budgeting Decision, Cash Projections
3. Business Process analysis, Development of Internal Controls, Post Audit of Payments, Audit of Inventory, Store & Gate, Implementation of ERP Accounting Software, Heading of Human Resource Department, Preparation of HR Mannual
4. Country Heading the Accounting Department, Handling of Company Tax Matters (Direct / Indirect Taxes)
5. Successfully prepared the Fixed Asset Register, physical verification, Coding & Tagging and onward Monthly updation.
6. Training of Accounting Staff to upgrade the Accounting Activities in the most professional and Efficient way. Prepared a MIS Reporting Schedule / Formats for Horizontal & Vertical Reporting.
7. Monthly Closing of Accounts considering all type of closing adjustment e.g., Accruals, Provisions, Depreciation / Amortization, Accounts Receivable Aging, Balance Sheet Reconciliation, Profit & Loss Accounts Reconciliation.
8. Controlling of Manufacturing Process Undue Waste by more than Eighty Percent by monthly Costing and related anlaysis.
9. Co-ordination with Internal Auditors and with External Auditors. Construction Project wise Costing & Auditing, Monthly Profitability and Completion Reporting.
10. Being a Part of SAP Implementation Team and responsible to implement two Modules i.e., FI (Financials) and CO (Controls)
During working with Coca Cola Beverages Pakistan Limited, I was a part of the team for implementation of Software SAP. Attended an eighteen days hands-on training Sessions to implement two Modules i.e., FI (Financials) & CO (Controls) and implemented the said Modules very successfully.
During the work with Al-Hilal Industries (Pvt) Ltd. Co-ordinates to develop & Implement of an ERP Software (PHP) from A-to-Z.
While working with AL-HILAL INDUSTRIES (PVT) LIMITED MULATN, PAKISTAN, after joining, I established the new department as per mentioned in subject. Design its Goal, Areas, Authorities/Limitations, Mode of Operation ect.
While working with COCA COLA BEVERAGE LIMITED MULATN, Prepared the Fixed Asset Register by reconciling assets recorded in books and physically existed & Tagging
During working with Al-Hilal Industries (Pvt) Ltd., by Costing Analysis and proper tracking, I Saved the Raw Material Process abnormal Wastes by more than 80%. As well as saved the Packing Material abnormal Damages and Wastes by more 80%. Controlled Direct Labour by 10% and Overheads by 15%.
Experience as MEHMOOD TEXTILE MILLS LIMITED, MULTAN, PAKISTAN
01 February 1999
15 August 2002
MEHMOOD TEXTILE MILLS LIMITED, MULTAN, PAKISTAN is a prominent Textile Group in Pakistan, Manufacturer of Yarn and Grey Cloth.
Key Responsibilities:
• Petty Cash handling, Expense Vouchers preparation.
• Preparation of Daily Reports Yarn Requirement, Yarn Consumption, Waste of Yarn and Yarn Reconciliation.
• Supervise the Loading and Unloading, preparation of Dispatch documents of Exporting Cloth.
• All types of Administration matter at the Mill like, Gate, Security, Time Office, Canteen.
Experience as SENIOR ACCOUNTS EXECUTIVE
16 April 2002
31 August 2008
COCA COLA BEVERAGE PAKISTAN LIMITED, MULAN, PAKISTAN, A well-known Beverages Multi-National Company where I groomed very well and learned great Accounting Practices with International standards.
Key Responsibilities:
• From time to time, I assumed here different rolls, from entry to supervisory, and performed in each area of Accounting & Finance i.e., Sales, Accounts Receivable, Purchase, Accounts Payable, Store, Inventory and Fixed Assets, Taxation, Payroll.
• Monthly closing e.g., Adjusting Accruals & Provisions, Depreciation & Amortization, Debtor Aging, Inventory & Sales Reconciliation, Banks Reconciliation, Balance Sheet Reconciliation, SKU wise Product Costing, Income Tax, Sales Tax, Excise Duty.
• All reporting with Head Office as well as reply and resolve all queries.
• Assisting the Manager Accounts in preparation of Business Plan, Annual Budgets, with month-wise & Department wise breakup.
• Monthly Variances analysis with causes & Justifications.
• Coordination with Internal and External Auditors and resolve all related quarries.
• SAP Implementation Team member responsible for two modules i.e., FI & CO.
Experience as MANAGER FINANCE AND ACCOUNTS
16 April 2009
31 May 2012
THAHEEM CONSTRUCTION COMPANY Multan, Pakistan involves in Construction of Buildings throughout Pakistan, having Head Office in Multan with three Regional Offices. With over Five Hundred employees, very good infrastructure and splendid financial strength, it is progressing fast all over Pakistan.
Key Responsibilities:
As a Head of the Department, I was responsible to supervise all accounting and finance activities like:
• Ensure the complete and accurate entry in the system, monthly closing and Finalization of Accounts (Project wise, Region-wise, Overall Company-wise), develop meaningful reporting, horizontal & Vertical, Monthly Tax Returns, Business Process reviews, developing Internal controls, train the juniors.
• Project Costing and Cost Controlling, Cash Management, Capital Budgeting analysis, Financial Performance Evaluation.
• Besides, I have established the Internal Audit Department to watch not only the accounting activities but also the running projects.
• As a special assignment, I have prepared the HR (Human Resource) Manual for HR Department.
Experience as MANAGER COSTING, BUDGETING & INTERNAL AUDIT
16 October 2012
31 October 2016
AL-HILAL INDUSTRIES (PVT) LIMITED MULTAN, PAKISTAN is principally engaged in the manufacturing and sale of Vegetable Ghee, Cooking Oil, Soap, Fruit Juices, Carbonated Drinks, Mineral Water and Potato Chips. The ‘Sultan’ Ghee & Cooking Oil is the most prominent and leading Brand in south Punjab, Pakistan.
Key Responsibilities:
• Preparation of Annual Budget and detail Projected Financials with Month wise Break up.
• Monthly detailed Activity-Based Product Costing (SKU Wise), Detailed Cost Analysis, Highlighting the grey areas, recommending the controls, coordination with all internal stakeholders to control the cost. Saved the Abnormal Raw & Packing Material Waste more than 80%.
• Monthly Financial Analysis, Variances Analysis and, Ratio Analysis. Reporting to top management with causes and suggestions.
• Daily Analysis of Raw Material Prices concerning to Cost of Goods Sold and Profitability.
• Post Audit of Accounting Vouchers specifically related to Parties, Payments and, Expenditures.
• Business Process Analysis specifically to Supply Chain Points from time to time. Recommending the Checks & Controls for smoothness, accuracy and efficiency.
• As a special assignment, I was the Chairman of the Recruitment Committee to design the hire & Fire rules and finally recommend the candidates to Top Management.
• As a special assignment I have been assigned to coordinate for development and implementation of ERP Accounting software (PHP).
Experience as Management Consultant
31 October 2016
15 March 2020
SELF-EMPLOYED and self-practicing as a Management consultant at Multan, Pakistan. From, March 2019, Working for Decision Management Consultants, UAE, and Pakistan as a freelancer.
Key Areas:
• Tax Matters, i.e., Income Tax, Sales Tax, and VAT return filing, representing the clients to related tax authorities, appealing against the decisions.
• Financial Audits, Audited & Projected Financial Reports, Cost Audits, Product Costing, Cost Controlling.
• Bookkeeping & Monthly Finalization of Accounts, Internal Audits, Business Process reviews, recommending Internal Controls.
• Feasibility Reports, Policy Manuals for Businesses, Swot Analysis, Accounting Software Implementations,
• Audited and Projected Financial Reports for Bank Loan Seekers (Proprietors or Small Concerns).
• Registrations of Business Individual, Partnership, SME, Pvt. Ltd. Co. with related Government Authorities.
• Preparation of Applications and Processing for Licenses i.e., Trademark, Patents, Travel & Tours, IATA.
Master 31 January 2009
Professional Certification from Institute of Cost & Management of Pakistan.Bachelor 31 July 1991
B. Com. (Bachelor in Commerce) from Bahauddin Zikria University, Multan, PakistanIntermediate 31 July 1988
D. Com. (Diploma in Commerce) from Technical Board, Lahore, PakistanMatric 31 July 1986
Arts Group from BISC Multan, Pakistan