Raashid Hussain

Raashid Hussain Chief Financial Officer, Financial Controller, Head of Accounts, Finance Head - -◇ Lahore, Punjab, Pakistan ◇ Open to Relocate Linkedin. https://www.linkedin.com/in/raashid-hussain-27005a21/ ◇ ◇ SUMMARY Seasoned CFO with 25+ years of financial leadership in diverse industries. Proven track record utilizing skills in strategic planning,risk management, and operational efficiency. Expertise in financial reporting,budgeting,ERP/SAP, and accounting standards. Demonstrated ability to lead high-performing teams and drive sustainable growth. Policy implementations resulted in a 15% increase in efficiency and a 12% reduction in expenses SKILLS Financial Due Diligence, Statutory & Internal Audits, Financial Reporting, Cash Flow Management, Accounting Principles (GAAP), IFRS, IAS, Financial Analysis & Planning, Negotiation, ERP Implementations, SAP Implementation, Accounts Finalization, Microsoft Office, Leadership, Problem-Solving EXPERIENCE Chief Financial Officer Dec '22 — Present Century Ventures (Pvt) Limited –Real Estate & Construction Lahore, Pakistan Implemented cost-saving initiatives resulting in a 15% reduction in operational expenses within the first fiscal year. Directed financial planning and analysis processes, leading to a 10% increase in profitability quarter over quarter Assessing the financial viability of real estate projects and construction ventures, including evaluating potential returns, risks, and cash flow projections. Implemented a new accounting system SAP that improved efficiency and accuracy of financial reporting Ensuring compliance with relevant financial regulations, accounting standards, and corporate governance best practices Deputy General Manager -Accounts May '13 — Dec '22 Alliance Sugar Mills Limited –FMCG-Manufacturing Lahore, Pakistan Creating and managing annual budgets, forecasts, and financial plans to align with organizational goals result in 10% annual growth Preparing and analyzing financial statements, including income statements, balance sheets, and cash flow statements. Implemented a new accounting system ERP that improved efficiency and accuracy of financial reporting Ensuring the effectiveness of internal controls to safeguard assets and prevent fraud increase in 12% efficiency Ensuring compliance with all relevant tax laws and regulations. Coordinating with external auditors to facilitate smooth audits and address any findings Finance & Accounts Manager Duabi, United Arab Emirates Spec Energy DMCC-Oil & Gas Sector Overseeing and managing the day-to-day accounting functions, including general ledger, accounts payable, accounts receivable, and payroll. Preparing accurate and timely financial reports, including balance sheets, income statements, and cash flow statements, in accordance with relevant accounting standards (e.g., IFRS, GAAP). Conducting in-depth financial analysis to identify trends, assess performance, and make informed business decisions result in 18% increase in growth Finance & Accounts Manager Jeddah, Saudi Arabia Dallah Al Barka Group -Services & Construction Developing and managing financial plans, budgets, and forecasts to align with the company's strategic objectives Implementing cost-saving measures and strategies to optimize expenses result in decreaseon 14% in expenses Establishing and maintaining robust internal controls to safeguard assets, prevent fraud, and ensure accurate financial reporting Accounts Manager Lahore, Pakistan Sugar Industries of Pakistan Prepare and submit accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. Manage the payroll process, including calculating salaries, wages, and deductions. Ensure compliance with all relevant tax laws and regulations, including filing tax returns and paying taxes Associate Audit & Assurance Lahore, Pakistan Sarwar Awan & Co-C.A. Compulsory Training by ICAP Conducted comprehensive audits of financial statements for various clients, ensuring compliance with accounting standards and regulations. Prepared audit reports, including management letters, summarizing findings and recommendations ACHIEVEMENTS Investment Appraisals and Evaluations (commercial & financial) of Steel and power generation industries. Business proposal and project feasibility for a new real esate developer project amountig to Rs.32 Billion Pkr. Attained the highest-ranking financial executive C-Suit and titled "Chief Financial Officer". EDUCATION Associate Mamber -CPFA in Qualifying as a Chartered Public Finance Accountant (CPFA), Nov '19 Chartered Institute of Public Finance Accountant (GPA: 4) London, United Kingdom It covers strategic public finance, leadership and integration strategies, audit, sustainability and green finance, data analysis, business planning, implementing business change and ethics Fellow Member in Qualifying as a Fellow Member , Pakistan Institute of Public Finance Accountants, Nov '05 (PIPFA) (GPA: 4) Lahore, Pakistan As a full member of the International Federation of Accountants (IFAC), PIPFA has attained global recognition as an Institution providing Professional Excellence to Public Accountants in Pakistan Affiliate Member (Finalist) in Qualifed at Final Level Examination , Institute of Chartered Accountant of Sep '04 Pakistan- ICAP (GPA: 4) Lahore, Pakistan A leaders in accountancy, members of ICAP have the knowledge, skills and commitment to maintain the highest professional standards and integrity. AWARDS Best Performance Award Sarwar Awan & Co-C.A. Compulsory Training by ICAP Achieved “Best Performance Award” during tenure of Article ship. Nov '03 CERTIFICATIONS Associate Member-CPFA Chartered Institute of Public Finance Accountant, United Kingdom. (CIPFA-UK) Nov '19 VOLUNTEERING Aduit & Assurance Associates , Sarwar Awan & Co Lahore , Pakistan Apr '01 Led volunteer teams for audit & Assurance of Trainee Students LANGUAGES Engligh - Fluent Arabic- Conversational Urdu- Native PROJECTS Jul '22 Pakistan Developed a comprehensive business plan for a five-star hotel investment.Calculated the required investment,projected rate of return, and payback period Business Plan & Financial feasibility , A Five Star hotel Industry in Pakistan