Muhammad Ashraf

Deputy Manager Finance
Dubai


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Skills
Financial Reporting Financial Project Management Financial Analysis Annual Budget Pricing Costing OPEX CAPEX Account Payable Account Receivable Cash Management VAT Letter of Credit Bank Guarantee Presentation Advance Excel Working Capital Interpersonal Sk
  • Experience
    10 Years
  • U.A.E Experience
    --
  • Industry
    Manufacturing
  • Nationality
    Pakistani
  • Visa status
    Visit Visa in UAE
  • Qualification
    Master - MBA in Finance and the major Subjects are.Corporate Finance, Taxation,Management Portfolio.
  • Driving License: No
Other Matching Titles/Position
Industry Titles
Manufacturing

Summary of Career

1. Financial Reporting of the Company and interpret the Financials to Management


2. Financial Project Management


3. Financial Analysis of the Company


4. Preparation of the Company Annual Budget


5. Variance Analysis of reporting compare with the planning


6. OPEX and CAPEX handling


7. Managing Account Payable/Account Receivable


8. Analyze the Cost, Pricing, and Margins


9. Knowledge & Understanding of IFRS and IAS


10. VAT Knowledge and understanding


Work Experience (Employment History)

Experience as Account Officer

  • Employer

  • From

    04 October 2010

  • To

    10 October 2014

  • Detail

    • ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬Key responsible to clear all the vendors payments and deduct the tax accurately
    • Present the Payable ageing reports to Manager Finance
    • Responsible to timely submission of Sales Tax return and withholding statements
    • Prepare landed cost of the products and make subsequent entries on SAP
    • Posting Invoices of Vendors and make sure the corrections of tax condition
    • Make Bank Reconciliation of different banks and clear the bank GL’s on SAP
    • Help senior team members in timely closing of the financials on SAP
    • Prepare presentation for Manager Finance for Monthly meetings
    • Coordinate with different banks for commission rates
    • Monthly reporting the Markup Cost of the running finance to Manager Finance
    • Maintain LC’s outstanding report in Excel
    • Liaison with Internal/External Auditors
    • Any other assignment given by the Manager
    Achievements:
    • Recover long outstanding deposits from shipping companies with the help of supply chain departments
    • Avail the Facility from SBP for Export related commission scheme and generate other Income approx. Rs. 1Million

Experience as Assistant Manager Accounts

  • Employer

  • From

    20 October 2014

  • To

    31 October 2016

  • Detail

    • Responsible to prepare subsidiary financials and interpret to Finance Head
    • Core responsible to prepare the Costing of Local Products and analyzing the price variances
    • Inventory analysis and report the ageing of inventory to Finance Head
    • Responsible to clear all the vendors payments, and accurately deduct the tax from payments
    • Report Exchange gain/loss to Corporate department
    • Integrate with supply chain department to reduce the inventory cost
    • Monthly circulate the OPEX report to different departments and brief the variances to departmental heads
    • Key responsible to manage the Capitalization of all assets and circulate the CAPEX budget to departmental heads
    • Prepare the presentation for Audit Committee Meeting
    • Liaison with Internal/External Auditors
    • Work as a team member in monthly closing activity
    • Prepare different ABAP reports on SAP with the help of IT departments
    • Report Advance Tax deduction to corporate department
    • Ensuring the Compliance of Accounting Polices and Procedure
    • Any work assigned by the Head of Finance

    Achievements:
    • Timely and accurately upload the subsidiary Financials on SAP from Excel with the help of IT
    • Prepare the ABAP report of vendors ageing on SAP with the help of IT
    • Achieve the objective to create purchase requisition form on SAP from Manual
    • Capitalize accurately the CAPEX of New project on SAP
    • Clear long outstanding GL’s on SAP

Experience as Deputy Manager Finance

  • Employer

  • From

    01 November 2016

  • To

    05 October 2019

  • Detail

    • Responsible for timely closing of Financials of the Company and interpret it to the CFO
    • Present analysis of the Sales and Price Variance with the Budget
    • Handle the Funds of the Company and suggest the Management for Investment in different portfolios
    • Project the Financials of the Company with different scenarios
    • Manage Financials of the new projects of the Company, and closely monitor the purchasing with issue PO
    • Manage the monthly closing activities of the Financials
    • Closely interact with different departments especially Supply Chain for Inventory Analysis, Cashflow Management, LC’s and different guarantees
    • Quarterly preparation of the statutory accounts and interact with the Corporate department for the consolidation of publishing accounts
    • Submit the Quarterly Financials to Japanese partners on their provided software
    • Ensure the timely submission of Sales Tax and Income Tax return
    • Co-ordinate with Tax Head for any Government Compliances and Tax Department Audit
    • Ensure the accuracy of Data Entry, and JV’s
    • Timely submission of Corporate Head office requirements
    • Monthly sending of the variance reports of OPEX and CAPEX to various departments.
    • Preparation of the BOD papers & GC presentation and reviewing its finalization with CFO and CEO
    • Work along with PD (Part Development) department for Product costing and represent the Finance department for Price finalization with Customer (OEM’s)
    • Responsible to manage Account Payable and Account Receivable
    • Coordinate with sales departments for recovering outstanding receivables
    • Liaison with Internal/External Auditors
    • Ensuring the Compliance of Accounting Polices and Procedure
    • Work as controller in the absence of CFO

    Achievements:
    • Timely and Accurately Finalization of the Financials of Seat Plant Project with successful upload on SAP
    • Key team member to accurately upload the BOM (Bill of Material) of final Seat product on SAP
    • Present Rolling Seat Plant Financial Projections to the Management
    • Make ABAP report of Total Landed Cost of the current product on SAP

Academic Qualification

Master 31 January 2015

MBA in Finance and the major Subjects are.Corporate Finance, Taxation,Management Portfolio.
Certifications
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