Faraz Afridi

About Asummar finance and operations person with 06 years of experience. Strong capability in grasping the big picture, conceptualizing, developing, and implementing solutions, and partnering closely with y business leaders and key stakeholders to realize the strategic goals of the organization. Effective communicator and dynamic decision-maker, driven by solid analytical and leadership skills. Consistently exceeds performance and goals through insight, positive cultural change, and innovative process improvements Work Experience Xoline Group of Companies (Abu-Dhabi, Al Ain) (December 2022 to date) summary FARAZ AFRIDI Senior Group Accountant -- SKILLS           Financial reporting Budgeting Data management Business acumen External audit Internal audit Payroll accounting Bank reconciliation Financial analysis Bookkeeping INDUSTRIES       Healthcare Auditing Engineering (MEP) Tech Not for Profit Taxation KEY STRENTHS       Strong analytics Report writing Number cruncher Team worker Hardworking Target approaching LANGUAGES     English: Fluent Urdu/Hind: Fluent Persian: Beginner Arabic: Beginner Senior Group Accountant Responsibilities:  Control daily input of ledger activities and closing general ledgers each month.  Prepare accurate monthly and annual financial statements.  Preparing schedules for prepayments, provisions, fixed assets and allocating transactions in the right class of accounts.  Managing account receivables and account payables and closely following up for collections and payments.  Reconciling accounts receivables and payable and taking action as per the ageing analysis.  Coordinating with auditors in providing them the supporting documents.  Preparing and submitting quarter VAT return to FTA.  Maintaining budgeting and forecasting cash flow and performing variance analysis.  Suggesting and implementing internal control policies and procedures in all accounting system.  Maintaining petty cash and advances to employees .  Maintaining balances of related parties accounts by verifying, allocating, and posting, reconciling transactions and resolving discrepancies.  Ensured effective working capital management and working closely with senior management to further improve cash flow  Coordinating with banks for availing banking facilities (LS, LG) both as a beneficiary and applicant internationally and locally. Khilji & Co, Chartered Accountants (Pakistan) (July 2021 to Sep 2022) Accountant Responsibilities:  Overseeing all accounting transactions including verifying, allocating, posting till finalization.  Preparing yearly tax return and submitting to FBR.  Reconciling bank statements, credit cards statements and managing accounts payables and receivable.  Responsible in the preparation of employees’ salaries on a monthly basis, calculating end of service benefits.  Maintaining asset register in compliance with IAS/ IFRS.  Posting accruals and prepayment entries each month to the system.  Analyzing and summarizing financial information for all outlets and reporting financial statements to the manager.  Spotting errors and suggesting ways to improve efficiency.  Handling petty cash and authorize certain payments.  Coordinate and resolve various issues with banks such as cleared check differences, bank fee anomalies and POS sales charges. Khilji & Co, Chartered Accountants (Pakistan) (Sep 2019 to June 2021) Senior Associate Audit & Taxation Responsibilities:  Initial planning for the audit assignment and identifying risk of material misstatement and business risk.  Assessment of control risk and designing audit procedures in consultation with team members and engagement partner.  Applying analytical procedures to observe the abrupt changes in financial records.  Reporting all finding in clients account to audit manager and assisting clients in fixing them.  Completes audit work papers by documenting audit tests and findings. SOFT SKILLS      Team work Work ethics Customer care Logic oriented Good in time management  Preparing circularization letters for the account receivables, account payables and bank balance Confirmation.  Preparing draft client financials statements and reporting to Audit manager for review.  Ensuring client financial are in accordance with IAS, IFRS and GAAPs.  Assist client in rectifying errors and providing recommendation for efficient internal control.  Assist client in tax planning.  Assist client in company and AOP formation. RSM Awais Hyder Liaquat Nauman Chartered Accountants (Pakistan) (April 2017 to June 2019) Audit Assistant & Taxation Responsibilities:  Review and evaluate accuracy and efficiency of the client’s accounting policies.  Review and confirm the opening balances of the client to ensure it is matching with previous period.  Preparing circularization letters for the account receivables, account payables and bank balance Confirmation.  Reporting all the issues and findings to the audit supervisor on designated areas.  Providing other than audit services to the clients such as bookkeeping and asset register maintenance. Education summary      Fellow Member CIA (Pakistan) BSc (Hon) In Applied Accounting ACCA (Finalist) Advance diploma in Accounting and Business Foundation in Accountancy Computer Skills summary     Odoo (ERP) QuickBooks Zoho books MS Office -