Mohammad Asif

MOHAMMAD ASIF CFO CMA(Pak), Dip (IFRS), CPA (Ireland Finalist) SAP FICO H.No 230, Street 31, Sector I-8/2 Islamabad, PAKISTAN. WhatsApp & Cell: - - email:- OBJECTIVE With a rich background of 25 years in govt / public organizations, as well as the private sector, I aspire to assume the role of Chief Financial Officer within a prominent corporate entity. My extensive qualifications as a Certified Management Accountant (CMA) and Certified Public Accountant (CPA) (Ireland Finalist) make me an impeccable match for a public or private corporation in need of astute financial direction to pave the way towards success. EXECUTIVE PROFILE GIDS is a state owned defence based organization engaged in export of defence products. It has its own production and manufacturing facilities. Worked as General Manager Finance in GIDS / SPD, Headed the Finance Section of GIDS and responsible for Accounting & Financial operations, Budgeting, Investment, Treasury, Corporate Finance, International Commercial Contracts, International Trade and all associated finance functions. SAP FICO Consultant:: 4+ years experience and completed the cycles from design, configuration_to_end in SAP FICO ECC 6 / HANA related to configuration and implementation process of Chart of Accounts, Banks establishment, Accounts receivable, Accounts payable, Payroll, GL and reports. Gather Information on current business processes and prepare a document. Gather information on business requirements. Detail understanding of process, and FICO modules integration Gap Analysis-finding the gap between As-Is and To-Be processes. Configure Global settings and Enterprise structure settings. Banking, Chart of accounts Configure G/L, A/P, A/R, Asset Accounting. Prepare End user training Document. Prepare workflow demonstrate sequence of business processes flow to complete the project within defined scope, budget and time. . CORE AREA OF WORK Accounting & Financial Management Pricing & Costing International Trade, INCOTERMS Int’l Bank Guarantees & L.C under URDG 758 Export / Import Contracts and Management Forecasting and Planning Budgeting & Investment, Treasury Financial Analysis & Reporting Freight Forwarding contracts PPRA, GFR & Purchases PROFESSIONAL EXPERIENCE CFO General Manager Finance, GIDS/SPD Assistant Director Internal Audit, Overseas Pakistanis Foundation (OPF) Financial Officer & Company Secretary Assistant Director Finance, Overseas Pakistanis Foundation (OPF) 2020-Present- - - - WORK EXPERIENCE Organization Galosh General Trading Company Type of Org General Trading, IMPORT AND EXPORT Including Defence stores / Items Designation Chief Financial Officer / CFO Period 1 Dec 2020 to Present Location Rawalpindi, Pakistan Area of Experience Import and Export, WEBoC and customs liaison, Financial and Cost management, General Ledger in ERP SAP FICO, Implemented the SAP FI, Financial Reporting and Banks management. Income and Sales Tax management and reporting etc Reporting to CEO Responsibility Manages month end and year-end closing process and reporting to ensure conformity with group standards. Ensure that accurate corporate and statutory books are maintained. Oversees the preparation of the financial statements for the company, Manages the financial statement consolidation process. Manage the preparation and presentation of quarterly and annual financial accounts with supporting schedules compatible with statutory standards. Procurement and Budgeting etc Brief Job Description Budget / Systems / ERP: Develops financial statement forecasts including the income statement, balance sheet, and cash flow. Understands the drivers behind these financial statements for accurate forecasts Responsible for annual Forward Pricing Rate Proposal and management Leads direct / indirect budgeting, overhead, and rate modeling for the business site, providing accurate historical and forecast data. Provides timely budget data and reporting to understand overhead cost and meet budget requirements Prepare impactful presentations, succinct analysis, and communicate relevant and actionable details; involve appropriate stakeholders to take action Monitor and review accounting and system reports for accuracy and completeness. Supervise the input and handling of financial data and reports for the company's integrated financial systems. Development of firms SAP FICO ERP financial system. Development and maintenance of Finance related Policies and Procedures. LC, Bank Guarantees, Funding requirement and Freight handling and clearance / dispatch Corporate Finance, Financial Management and Treasury: Ensure the provision of the capital required by the company including negotiating the procurement of capital and maintaining the required financial arrangements. Maintain liquidity to meet financial obligations, through funding from equity, bank borrowings, day to day cash management and activities as per requirement Interfaces / liaison with banks and financial institutions on all banking matters and the company accounts maintenance. Oversee the incorporation of new entity set up locally and internationally to ensure conformity with local laws and international guidelines. Ensure the bank account management process is handled smoothly minimizing lead time Reviewing relevant bank documentation along with the companies legal where appropriate to ensure conformity to statutory requirements. Accounting , Audit and Tax: Manage the annual audit process Ensure conformity to local and international financial regulatory requirements (if applicable) Manages all external third party confirmations ensuring they are prepared within the agree timelines. Local and International Investments Be the firms interface with finance teams within the Country and International Investment Platforms / Banks Oversees monthly annual and quarterly reporting Preparation of reports for management accounting and ensure they are undertaken in a timely and accurate manner. Responsible for provision of Finance related board deliverables for Regulators. Dealing with Regulatory authorities and compliance. Lead and coordinates the submission of the tax compliance and annual returns. Ensure compliance with local and international tax jurisdictions rules.(if any) Manage key relationships with Tax regulators. Liaises with the company Finance on all payable and settlement issues. Checks invoices for the disbursement of payments; ensures that all payments are accounted for correctly and in accordance with the company guidelines. Organization: GIDS / SPD. Organization Type: Govt Defence Sector Designation: General Manager Finance Tenure: 22 July 2008 to 13 Nov 2020 Location : Islamabad, Pakistan Area(s) of Experience: International Commercial Contracts, Finance & Accounting, Procurement & Investment, Corporate Budgeting, Financial Analysis, Costing & Pricing, Taxation, Banking, International Trade & Export under URDG 758 & INCOTERMS Reporting to: Director General / CEO Responsibility: Advisor to DG GIDS on Long Term Business and financial planning, Accounting, Treasury, Financial Management, Costing & Pricing, Contracting, legal and Corporate & Secretariat rules. Has responsibility for the Accounting, Finance, Treasury, Budgeting, banking relationship, Commercial Contracting, URDG 758, INCOTERMS and export sales operations. Provide direction and management to finance team. Span of Control: 8 staff including 3 Officers / Managers Brief Job Description: - Accounting & Finance: Defined and implemented the company’s first accounting architecture, GL and reporting system while overseeing all accounting and reporting including all traditional CFO responsibilities. - Budgeting: Prepare, supervise and Oversee annual Budget Estimates, implementation of budgets, Comparison and review the expenditures with allocations, re-appropriations during the period, Monthly Payroll supervision for preparation & payments through bank, Budget payments as per procedure against allocations, Year-end closing and financial reporting and management reports. Income and Expenditure accounts. - Pricing / Costing: Developed and implemented the SMART Revised Costing Policy in connection with Technical team and Accounting sections of the relevant organizations. Work closely with Sales & Marketing Deptt for developing Pricing of the products under INCOTERMS 2010 to quote in the International market for Export Contracts, Checking / Review the Costing details of the Products. Reduced the Cost of the products by using SMART COSTING TECHNIQUES AND POLICY for securing International Contracts. - Exhibitions: Preparation of Financial proposals for approval of the Management before participation in the International / Local Defence Exhibitions, Receipt of Funds and its expenditure as per procedure, Closing of the Exhibitions and preparation of income and receipt accounts. - Commercial Contracts: Achieved the International Contract Sales of USD 300 M plus with SMART Costing and Pricing mechanism to compete internationally with optimal profit margin. Managed and negotiated major contracts and worked closely with DG / CEO and Marketing Team to achieve sales volume of $ 300 M above. Developed and implemented first time “Contract Management System” for maintaining the database of contracts and financial analysis of data, Drafted, reviewed and finalized Commercial Contracts with countries e.g UAE, KSA, Nigeria, Oman, Azerbaijan, PERU, Turkey, Bangladesh, Sri Lanka, etc. End to end project / contract management including execution and closure, Manage and monitor issues during the contract execution and timely suggestion for resolution, communicate contract / project progress to DG GIDS, Advice on the Financial clauses, articles and paras in the Contracts. Negotiation and discussion with the Customers for finalization of Contracts, Submission of Bank Guarantees against Contracts under URDG 758, Review of Letter of Credit (LCs) for payment / receipts, Financial Management of the Contracts (start to end), invoices and payments against the Contracts, deals with local and international / foreign Banks, Periodic review about execution and reporting according to delivery schedules, Closing of the Contracts after completion of obligations at the end. Amendments in the Contractual (if any) terms and clauses with the Customers. - Freight Forwarding: Dealing with Freight forwarders for delivery of goods & products as per INCOTERMS 2010 to the Customer countries, Review and finalization of the freight contract and completion of tasks as per delivery schedules etc, preparation of invoices along with shipping documents including Airway Bill / Bill of Lading for shipping documents etc. - Corporate Law & Secretariat: Adviser on company formation and registration, Preparation / finalized of MOA and AOA, proposal on capital structure, board meetings, fulfilling of statutory requirements for SECP, FBR etc Appointments of directors, BOD meetings etc - Procurement of Stores: Advisor on Purchasing and procurement as per PPRA rules, Member of the Committees for Procurement of Goods, Stores and Items required for office, Availability of Budget and ensure the compliance & completion of Procurement Rules and procedures as per PPRA. - Income & Sales Tax: Calculation, deduction and payment of taxes as applicable under Income Tax Ordinance and Sales Tax. Submission / filling of returns as per schedule with FBR, appearance with the relevant tax authorities for resolution of disputes and tax problems, reply of notices etc - SOPs, Rules: Developed, Preparation and changes in the SOPs of the Finance Deptt of GIDS, Review and implementation of the Internal Controls of the Deptt, Compliance with the Rules, Policies and SOPs etc. - Internal Audit: Liaison / Cooperate with the Internal Auditors for Audit of GIDS, Preparation of audit replies after discussion with the Management, settlement of observations with auditors etc - Financial Statements / Reporting: Implemented SAP FICO ERP and preparation / review of Financial Reports / Statements periodically & annually, Cash Flow Statements, reporting to State Bank of Pakistan, Banks, SECP, FBR , Taxation matters etc, Liaison with Banks, Insurance companies, Review of Vouchers, Posting and Reports, GL checking and finalization of accounts with adjustments etc. - Treasury Management and Investments: Investment of Funds with Financial Institutions after negotiations, TDRs, COD, maturity and roll over etc, Financing options, credit lines, Bank Guarantees etc - ISO and Any other: Give advice and discuss with Director General on matters pertaining to Finance and guide / advice for betterment and improvement in the procedure etc. Organization Overseas Pakistanis Foundation (OPF) Ministry of Overseas Pakistanis Organization Type Govt Services sector Designation Assistant Director, Internal Audit Tenure Mar 04 – July 08 Location Islamabad, Pakistan Area(s) of Experience Internal Audit, Internal Control, Risk Audit Reporting to General Manager, Internal Audit Responsibility Internal Audit of operations, Performance Audit, Analysis and verifications Span of Control: 05 staff including 2 Officers / Managers Brief Job Description Implemented audit program for financial audit, bank accounts verifications, physical counts of inventories and fixed assets, confirmation and verifications of receivable balances, reviewing of JV & PV etc. Developed the internal control mechanism in OPF for various departments to monitor the projects and activities, Conducted Internal Audit of the OPF’s Projects including housing, educational, welfare and social projects throughout the country as per audit program, Planed and development of internal audit program on yearly basis to check the internal controls and procedures, Comprehensive performance / investigation audit and preparation of audit reports containing findings and observations, Assessing compliance with existing policies, systems and procedures, including contracts and agreements and identify weaknesses in internal controls. Organization Pakistan Industrial & Commercial Leasing Ltd Organization Type Leasing Company Designation Financial Officer , Company Secretary Tenure Sep 2001 to Aug 2002 Location Karachi Brief Job Description Worked under CFO and responsible for accounts preparation, leasing adjustments and termination, accounting entries and ledgers, Worked also as Company Secretary and conducted Annual General Meeting (AGM) of the Company, liaison with share registrar, shareholders, Notices of the meetings, dividend, Board meetings, powers and regulations of the management, SECP reporting, SBP interaction etc. Organization Overseas Pakistanis Foundation (OPF) Ministry of Overseas Pakistanis Organization Type Govt service sector Designation Assistant Director Finance Tenure 1994 – 2004 Location Islamabad, Pakistan Area(s) of Experience Finance & Accounting Reporting to Director Finance Responsibility Financial Operations, Finalization of Accounts, Audit Facilitation, and preparation of Periodical Reports including Annual Final Accounts Span of Control 4 staff including 1 Officer Brief Job Description Head Office Accounts: Implemented Incorporation of OPF Divisions / Deptts GL accounts into Head Office G.L, Preparation of Consolidated GL and Annual Financial Statements, Consolidated Budget preparation and periodical comparisons, management reporting of Accounts, Funds management, Cash Flow Statement using ORACLE/DEVELOPER, investment of funds, Income Tax reporting, Liaison with banks and handling all banking matters, Preparation and submission of different reports as per SECP requirement. Implemented ERP ORACLE as a Team member in OPF Head Office. Housing & Works Division / Real Estate: Preparation of Housing & Works Division P&L Account, Maintenance of Profitability of different Housing Schemes in various cities, financial feasibility of housing schemes and related receipts and payments. Education Division: Preparation and consolidation of Receipt and Expenditure accounts of OPF Schools and Colleges, Budget preparation and comparisons, Procurement of material for schools and colleges etc. Pension Trust: Established and Registered “A Pension Trust” for Overseas Pakistanis, Developed and implemented Defined Benefit Pension Plans, Management of Pension Fund, Membership of Overseas Pakistanis in the Pension Trust, Preparation of Annual Financial Statements of Pension Trust along with Profit & Loss Account of the Trust, Annual external audit of the Pension Trust, Performed duties as a Secretary of the Trust as well. Professional Certification & Academic Education Sr. Certification / Degree Institution / University Specialization / Major Passing Year 1 CPA Final CPA (Ireland) Accounting 2018 2 ACMA ICMAP Accounting 1995 3 B.Com University of Punjab Commerce 1991 4 F.Sc FBISE, Islamabad Humanities 1987 5 SSC Islamabad College for Boys G-6/3 Science 1985 Accounting & Computer Skills, Other Abilities Sr. Skills & Abilities Proficiency Level Last Used / Practiced 1 MS Word Excellent Currently Using 2 Power Point presentation Above Average Currently Using 3 Excel Spread Sheet Excellent Currently Using 4 Budgeting and Forecasting Excellent Currently Using 5 Financial Analysis Tools Excellent Currently Using 6 Peach Tree Accounting Software Excellent Currently using 7 QuickBooks Accounting Software Excellent Currently Using Remarkable Achievements 1 Implemented Internal Controls pertaining to Finance & Accounting -GIDS to ensure security and reliability 2 Developed and implemented SOPs for GIDS Finance Sec for smooth operations 3 Development of Costing Policy at GIDS for costing and pricing of products for exports 4 Implemented as team member, ERP in Oracle at OPF for centralized database and reporting 5 Developed Operational Manuals at OPF (Various Divisions and Sections) for smooth & efficient working. 6 Developed and implemented various Pension plans at OPF (Pension Trust) based on different income groups for Overseas Pakistanis. Professional Development Trainings / Workshops Sr. Diplomas / Courses / Workshops Institute Year 1 Advanced Diploma in Procurement & Contract Management, (04 months) M/s WISSEN Islamabad 19 Apr 2019 2 Diploma in Income Tax & Sales Tax (04 Months) M/s SOFTAX Pvt Ltd April 2018 3 The Dynamics of Foreign Exchange & Banking, (Training Workshop) M/s DELLSONS & M/s ICMAP, Karachi 23 Sep 2017 4 Quality Management System ISO 9001:2008 Changes & Impacts Certification Services Pakistan (Pvt) Ltd Islamabad 20-21 July 2016 5 Advanced Diploma in Procurement Audit, Fraud Detection, Prevention & Control M/s WISSEN Islamabad May 2016 6 SAP Financial (FI CO ECC6) (04 Months) M/s Oranet Islamabad Dec 15-30 Apr 16 7 Business Excel (02 Days) M/s ICMAP, Islamabad 13,14 Jan 2016 8 Procurement & Contract Management, Training for Senior Managers M/s WISSEN Islamabad Nov 2015 9 Introduction to Forensic Audit M/s Presidium Consultants Islamabad 3-4 Nov 2015 10 Advanced Diploma in Procurement & Contract Management (04 Months) M/s WISSEN Islamabad Oct 2014 - Jan 15 11 Foundation of Forensic Accounting / Audit M/s Presidium Consultants Islamabad 15-16 Dec 2014 12 Documentation Based on ISO 9001:2008 (Quality Management System) 02 Days Course Certification Services Pakistan (Pvt) Ltd Islamabad 6-7 June 2014 13 Diploma in IFRS / IAS (06) months M/s ICMAP Islamabad Oct 2014-Mar 15 14 Understanding of Income Tax Law (Workshop) Skill Development Council, Islamabad 19 Jan 2013 15 Financial Management Course Pakistan Institute of Management (PIM) Lahore 24–27 Jun 2003 References Sr. Name Organization Designation Contact No. 1 Khalil Ahmed Sahar GIDS/SPD Ex-Dy Director - Mr. Mudassir Niazi Agha Khan Foundation Financial Controller - Personal Information 1 Fathers Name Manzoor Ahmed 2 Membership / Regs No- Marital Status Married 4 CNIC- Religion Islam Extra Curriculum Activities and Skills Hard skills: Developing financial strategies, creating budgets, strategy planning, Financial Management, Commercial Contracts, Corporate Finance, Forecasting Soft skills:  Target Achiever, Interpersonal skills, leadership, communication, problem solving, team building Teaching in Colleges / Universities: Taught the Financial Accounting, Managerial Accounting, Financial Management, Corporate Finance and Cost Accounting to BBA and MBA Programs in : (a) International Islamic University Islamabad and (b) OPF Girls College F-8 Islamabad affiliated with BUITEMS Quetta Balochistan. (c) O & A levels in Colleges and Academies. Personal Attributes Strong analytical and numerical skills. Attention to detail Hands-on, self-driven attitude with excellent interpersonal skills. Organized, and able to handle multiple tasks and deliver to deadlines. Ability to develop relationships with key external advisors, banks, custodians, as well as internal peers. High standards of integrity and ethics