Muhammad Fahad Iqbal
Audit & Finance
Dubai
Summary of Career
1. Introduced an attractive outlook and added new dimensions in the monthly MIS Receivables report, due to the quality and level of information, it is now included in the Monthly reporting pack to the CEO of the organization
2. Created the draft of Accounting codes, cost centers and locations to revamp the General ledger structure for improving controls over Financial Reporting
3. Involved in the project of calculating Return of capital employed (ROCE) on product basis and presentation to BOD
4. Initiated with the new reporting format in the Internal Audit function that met global standards, it was widely appreciated and revamped the reporting format on all major clients
5. Annual Budgeting
6. Financial Reporting
7. Dashboard Reporting
8. Corporate Presentations
9. Internal Audit
10. External Audit
Experience as Assistant Manager Finance
02 October 2017
15 September 2019
Budgeting & Planning
? Preparing the appropriate templates to prepare the budget by all concerned departments.
? Receiving the budget estimates from all the departments of the organization and critically examines them for correctness, accuracy and completeness; and conformance with established procedures, regulations, and organizational objectives
? Consolidating the data for budget presentation and also providing an overview of the financial status of all the operations.
? Preparation of Budget Presentation for Management Committee as well as Board of Directors
? Preparation of Presentation of Audit Committee
? Preparation of Product-wise Balance sheet and calculating Return on Capital Employed
Financial Reporting
? Preparation of Schedules for month & quarter end as well as annual closing complying with statutory requirements
? Coordinating with ERP team to revise the accounting codes structure to improve the accuracy of reporting
? Monthly review of Trial Balance and highlighting significant variation of Financial Controller
? Preparation of Schedules for implementing Expected Credit Loss Model (ECL) for compliance with new requirements of IFRS
? Assisting with Internal and External Auditors for respective Audits
Receivables Management
? Preparation of Credit Limits for Customers keeping in view overall risk appetite of the company
? Coordinating with the ERP Team to improve the Credit Release and Discount structure
? Assisting in the implementation of IFRS-15 (Revenue from Contracts with Customers)
? Weekly reporting of overdue balances and highlight issues relating to recovery
? Monthly Receivables MIS reporting to top Management
Master 01 June 2016
Master’s in Business Administration (Finance)Other 01 December 2013
ACCA (Member)