Muhammad Mushtaq
Head of Finance in Real Estate, F&B, Hospitality Sector
London
Summary of Career
1. A Grant Thornton trained accountant, with more than 15 years diversified experience in various industries and business sectors including Real Estate, Construction, Property management, Financial, Investments, Hospitality/Leisure, food& beverages and Advisory/management consultancy.
2. A reliable, motivated and dedicated professional, with extensive experience in finance and demonstrated hands-on management style in the development and implementation of strategic/financing plans.
3. Proven ability to manage multiple assignments efficiently while meeting tight deadline schedules
4. Demonstrated success in streamlining existing operations, turning around unprofitable functions, and envisioning new concepts and future trends.
5. I I am very keen to help businesses to improve operational and financial performance, internal controls system and IT tools to achieve continual success
6. Managing a team qualified part qualified accountants.
7. Investments appraisals, acquisition of new sites, IEs, refreshers and secure funding
8. Proven experience of Budgeting Planning & Forecasting, Financial Analysis & Reporting investors/lenders
9. Established Cost reduction plans, strategies, execution, control and monitoring
10. Hands on advance level of ERP, Ms Excel, Macros, VLOOKUP, Pivot table, What & Sum If analysis
• Arranged refinancing of £13.8m and changed group capital structure to support company’s growth • Managed groups cash flow effectively, investments and working capital in the supply chain crises • Extended company focus from just revenue to the whole P&L and EBITDA • Rollout Uber, Just Eat and D/loo sales channel – double digit sales growth, improved ops KPIs. • Implemented BSC, Cost reduction plans and turnaround strategy
Experience as Assistant Manager
01 September 2003
11 March 2006
Achievements
. Successfully completed feasibility study for Askari Water Project.
. Extra ordinary recognition & reward for scoring excellent Grades in CMA.
. Assisted Group Head Treasury & Corporate in weekly funds management of 34 projects.
Experience as Assistant Manager
Grant Thornton
03 April 2006
31 May 2008
Key Assignments
• Developed Financial models, Financial due diligence, Business Plan for NHA.
• Finalized and Presented Management Audit report to ZTBL Board
• Investment appraisal and feasibility studies of PCICL,
• Conduct various research, studies, reports for USAID funded projects in NIH
• Development of Procurement, Inventory Management manual of ZRK Group.
Experience as Financial Controller
01 June 2008
25 February 2010
Achievements
• Assisted in the arrangement of credit lines of amounting US$ 205.66 Million.
• Assisted CFO in negotiations over the finance costs and rescheduling of various bank facilities.
• Developed a comprehensive accounts & finance manual for the Vakson Group.
• Accelerated recovery AED 61 millions overdue accounts.
• Represented finance department in various presentations to the Board of Directors.
Experience as Group Finance Manager
01 March 2010
31 December 2013
Achievements
• Successful investment appraisals & acquisitions of portfolio of stores,
• Restructuring of Accounts & Finance Department,
• Designed and implemented BSC, New bonus Policy, Budgetary Control and review system
Experience as Group Financial Controller
01 January 2014
12 March 2016
• Produce full financial and management accounts for each SPV and Group.
• Ensure management pack is prepared and published on time.
• Ensure general ledger account information is accurate, consistent, traceable, and auditable.
• Manage JV partnerships accounts with focus on potential impact for NewCo exit value.
• Ensure the general ledger and booking for all treasury and cash postings for each SPVs.
• Ensure the month-end reconciliations of cash, banks, external debts, interest and supplier balances.
• Design and produce various financial reports and Financial Models
• Preparation of the yearend consolidated accounts.
Experience as Head of Finance
01 August 2016
10 June 2017
Glorious Brands Limited is leading Distribution Company and supplying heath, beauty, cosmetic and fragrance products to Harrods, M&S, Selfridges, House of Fraser, Harvey Nichols, Boots and many other retailers in UK & ROI. GBL is operating in three lines of business i-e wholesale, retail and online trading.
• Advised CEO on restructuring, investment , budgeting, cash flow and risk management
• Designed and implemented management accounting system, cash flow, budgeting, forecasting, recovery, credit control and reporting system.
• Introduced KPIs and system to monitor each brands, product and business unit wise business performance.
• Designed inventory and payable management system, arranged hedging for FOREX payments
Experience as Head of Finance
12 June 2017
Auriga Holdings is a leading award winning franchisee of international prominent brands like KFC and Costa Coffee. Auriga is comprises of four subsidiaries and an additional SPV of Auriga is managing commercial and residential properties. As a head of the finance function, I am overseeing and managing accounting, financial control functions and managing a team of qualified and part qualified accountants. My role is strategic as well as very commercial with additional focus on establishing a financial strategy for the profitable long-term sustainable growth of the business.
• Driving company’s financial planning and analyzing its performance & risks management
• Develop & implement company financing structure and maintain relations with investors & banks
• Develop & implement systems, SOPs, Budgetary & financial controls for each site and company
• Conduct investment appraisals for new sites development, evaluate financing structure & Capex
• Ensure budget/targets are timely set and monitor weekly/periodic business performance.
• Setting up and overseeing company’s business growth, finance, reporting and IT systems
• Oversee the timely preparation of financial & management accounts , business unit performance reports on a periodic, quarterly and annual basis
• Conduct scenario and sensitivity analysis to make forecasts and report to executives directors
• Oversee all cash & working capital management, audit and internal financial control operations,
• Retain constant awareness of the company’s financial position and act to prevent problems
• Overseeing overall efficient tax planning for the whole group i-e VAT, Corp Tax, PAYE & NI
• Ensure adherence to financial laws and guidelines of CH, HMRC and IFRS
Master 15 December 2010
ACMA (UK), CGMAMaster 22 October 2005
M. Com (Corporate Accounts)