Ijaz Farooq - CPA, MBA
CPA
Sharjah
Summary of Career
Experience as
01 January 1997
10 June 1997
• Prepare Outdoor Patients Bills
• Daily Summary of expenses to Finance Manager.
• Bank Reconciliation Statements,
Experience as
16 June 1997
31 May 2002
• Reporting to Account Manager
• Preparation and posting of Bank Vouchers
• Preparation of Bank Reconciliation Statements
• Bank letters for Funds transfer.
• Summarizing data, collection and preparing monthly reports of the banks.
• Other management reports as required.
Experience as
01 June 2002
31 May 2007
I have learned time management, completion of assignments within stipulated deadlines, performing cost effective work with quality.
I have conducted various assignments/audits of different industries as Job Supervisor, Senior, Semi Senior, Junior in following areas:
Audit Responsibilities
• Finalization of audit including preparation of completion memorandum, management letter and preparation of audit report.
• Reporting directly to managers and partners.
Tax Responsibilities
• Preparation of Tax Challans
• Filing of Tax Returns
• Preparation of Income Tax Schedule
• Preparation of Schedule of Sales Tax.
Internal Audit Responsibilities
• Review of internal control procedures of the organization and to ensure the sound application of the defined controls by means of specified internal control procedures.
• Review the monthly financial reporting, by the means of specified auditing techniques, satisfying the needs of those who charged with governance.
• Assist client’s management in the identification of loose controls and suggest the steps in order to improve the specified control procedures.
Corporate Affairs Responsibilities
• Incorporation of private and public companies
• Preparation and submission of various returns with the SECP.
• Preparation of Minutes of Meeting, Audit Returns, increasing paid up capital.
• Filling changes in various particulars of the company etc.
Audit Areas;
• Manufacturing Construction
• IT Banking
• Trading Societies/Services
• Pay Phone/ Telecom Pharmaceutical
Experience as
10 May 2007
15 June 2008
• Management Accounts and Final Accounts, monthly, quarterly, semi annually and annually.
• Cost of Production Reports and Cost of Goods Sold.
• Control details of Production and Dispatch Data.
• Coordinate Physical Inventory Counts and Cycle Counts, investigate variances.
• Review Standard and Actual Cost for inaccuracies.
• Assurance of Product Cost components are analyzed and updated.
• Handle Sales Tax, Income Tax, and Cost and Financial audits.
• Arrange Finance Facilities; Funded Based and Non-Funded Based
• Monthly I. Tax Statements and prepare Annual Return, Sales Tax Returns.
• Arrange Lease Facility from Leasing Companies, Letter of Credit (LC).
• Check Associated Companies Reconciliations
• Check Salary Sheets and Bank Reconciliation Statements.
• Job planning and supervision of trainee staff on job.
Experience as
10 June 2008
10 January 2010
• Preparation and presentation of monthly and Annual Financial Statements.
• Preparation of project-wise cost and analyzing variation against estimations.
• Get involved in monitoring and setting of budgets.
• Ensure Accounts Payable, Receivable, Associated Companies, Banks are reconciled.
• Check Project Finance, Working Capital Finance, Letter of Credits (LC) and other funds facilities including various Guarantee Lines with the bankers.
• Coordinating with internal and external auditors.
• Check contracts of subcontractors, clients and bills with estimation department.
• Review of billed amount against the Bill of Quantity (BOQ) and the amount certified on monthly basis for each project to identify uncertified amount and claim.
• Job planning and managing of dedicated subordinates
• Evaluating, improving Internal Control Systems, Procedures and Business Systems.
Projects:
• JVII, DIP, Bawadi, DIC, Falcon City, villas construction in Dubai.
• Landscaping work in projects.
Experience as
05 January 2010
02 August 2011
• Preparation of Monthly and Annually Financial Statements.
• Reporting to Group Finance Controller, Chairman, Head Office Australia
• Projecting Forecasting and analyzing variation actual with BOQ.
• Budgets involvement in monitoring and setting.
• Reconciliation Statements of Banks, Suppliers, Sub Contractors.
• Coordinating with Banks for Letters of Guarantee (LG) for the projects.
• Evaluating and improving Internal Control Systems, Procedures.
• Preparing working papers for Internal and External Auditors.
• Liaising with sub-contractors, Client against certified amounts.
• Ensure proper Control and Insurance coverage for all Company projects
• Job planning and managing of dedicated subordinates
Projects:
• 3 major projects
• Hospitals, Institutes and Residences construction in Baghdad, Baqooba and Moosal
Experience as
03 August 2011
02 August 2016
• Reporting to Finance Manager and CEO
• Preparation of Financial Statements, Management Accounts, Supporting Schedules
• Projected Cash Flow Statement, Project Costing Sheet.
• Compile Monthly Budget report and Forecasting for review by Management.
• Coordinating with Banks, Internal and External Auditors.
• Fixed Assets Register. Ensure compliance with company policies and procedures.
• Reconciliations of Banks, Cash, Subsidiary Companies. Receivables, Payables
• Payroll, Final Settlements and checking all type of vouchers.
• Checking Sales, Purchase, Inventory, Stock Taking.
• Monitor PDCs Issued and Received, Petty Cash Transfer of Funds.
• Checking Contract Revenues, Commissions to ensure monthly recording.
• Improving and monitoring Internal Control System.
• Preparation of COO Certificate online for Foreign Sales. Import/Export paper work.
• ERP work environment to enter Daily Sales/Purchase Invoices.
• Stock control and checking with ERP.
• Coordinate with Customers, Suppliers and Forwarding, Clearing Agents, Banks.
• Foreign Sales/Purchase with multi currencies.
• Daily and monthly Performance Report.
• Arrangement of documents, BOE, Shipments collection/import and export/dispatch.
• LC Documents arrangement.
Experience as
04 August 2016
present
• Reporting to Finance Manager and Chairman
• Preparation of Financial Statements.
• Preparing Reconciliations for Bank, Cash, Suppliers, Subcontructors, Payroll.
• Control on Purchase and Sales.
• Preparation of Project Cost and Budgeting, Funds Flow Statements
• Coordinate with Clients, Subcontractors, Banks, Creditors, Debtors etc.
• Daily and monthly Performance Reports.
• Prepare Projection Report
Master 30 June 2007
MBA FinanceOther 31 December 2016
CPA from ICPAPOther 30 June 2000
Foundation- ICMAP