Syed Muhammad Zafar Quaseem

Syed Muhammad Zafar Quaseem Jeddah Mobile:- Email:-QUALIFICATION • • • C. A. (FINALIST) PFA B.COM (INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTAN) (INSTITUTE OF PUBLIC FINANCE ACCOUNTANT) (THE UNIVERSITY OF KARACHI - PAKISTAN) STRENGTH Highly experienced professional with strong financial background, skills in Accounting & Finance and ERP systems, target oriented, good analytical & leadership skills and confidant to take decisions. More than twelve years of practical experience of various sectors i.e. Textile, Cement, Paper sack, Steel, Garments and Construction as well as audit experience of various sectors i.e. Textile, Cement, Glass, Sugar, Newspapers etc. ACHIEVEMENTS Accounting Systems & ERP Implementation • Implemented Accounting system (Sidat Financials) in two locations within a group and another system (Quick Books) in a construction/contracting company. • ORACLE Netsuite implemented in one of the Restaurant Chain. • Designed, got developed in close in coordination with MIS department and implemented complete in house accounting system in two different companies, one of them was on AS 400 environment and another was VB based. • Designed, got developed in close coordination with MIS department and implemented complete in house fully centralized HR system in one of the companies. System was VB based and completely integrated with accounting system. • Designed various MIS reports in accounting and HR System. Development of MIS & Improvement of Internal Control Systems • Developed MIS in line with organization’s operational, tactical and strategic reporting requirement. • Developed processes and internal control systems to streamline organization’s activities and enhance efficiencies. COMPUTER LITERACY ERP & Financial Software: I have experience to operate following financial software & ERP packages: - Sidat Financials - Navision - ORACLE Netsuite - Quick Books -- Complete ERP system: -- Complete ERP system of Microsoft: -- Complete ERP system -- Accounting Software Expert User Good User Expert User Expert user Microsoft: - Microsoft Excel: Special Expertise - Word & Power Point: Good skills and preparation of presentation with graphs. - Other M. S. Office: Full command on Windows, Internet Explorer & MS Outlook - Power BI Good skills PROFESSIONAL EXPERIENCE Hummus Refi Delight Business activity: Chain of Restaurants working in western part of the Kingdom of Saudi Arabia, having 9 branches. Location: Head office in Jeddah Position: Head of Accounts – April, 2019 to date Reporting to Supervision Managing Director Accounting, Finance Department & Other special assignments A medium size company involved in manufacturing and sale of food products. Responsibilities included: Accounts Supervision and monitoring of: • monthly reporting pack which includes profit & loss account, balance sheet, monthly analysis of sales by region, products and salesman, cash flow and statement of changes in equity and other financial information such as working capital, inter-company transactions and pricing etc; • monthly reporting pack which includes profit & loss account, balance sheet, monthly analysis of sales by region, products and salesman, cash flow and statement of changes in equity and other financial information such as working capital, inter-company transactions and pricing etc; • annual Financial Statements including notes thereon; • external audits; • Periodically cost review and measurement to control costs; • Strict control over receipts and payments; • inventory valuation; • bank reconciliation; • accruals, prepayments and provisions and monthly closing; • maintenance of fixed assets register, adjustments for impairment of assets; Financial Analysis • Analyze financial data and create financial models for decision support. • Prepare reports based on the data from POS • Report on financial performance and prepare for regular leadership reviews. • Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements. • Evaluate financial performance by comparing and analyzing actual results with plans and forecasts. • Provide analysis of trends and forecasts and recommend actions for optimization • Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials. • Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards • Increase productivity by developing automated reporting/forecasting tools. • Maintain a strong financial analysis foundation creating forecasts and models. • Feasibilities • Financial Projections • Data Modeling Planning / Budgeting / Forecasting • Preparation of Annual Budget; • Cash flow planning & forecasting; Plastic Cards Manufacturing Co. (Xenel Group) Business activity: Manufacturing and Sales (Local and Export) of Plastic Cards i.e. Key Cards, Telecom Cards, Smart Cards for Bank and Hotels and many kind of Plastic Cards. Location: Head office in Jeddah Position: Chief Financial Officer (CFO) – Jan, 2010 to Mar, 2019 Reporting to Supervision President Accounting, Finance Department & Other special assignments A medium size company involves in manufacturing and sale (Local & Export) of Plastic Cards. Responsibilities included: Finance • Preparation of banking facilities position, actual cash flow and cash forecast; Accounts Supervision and monitoring of: • monthly reporting pack which includes profit & loss account, balance sheet, monthly analysis of sales by region, products and salesman, cash flow and statement of changes in equity and other financial information such as working capital, inter-company transactions and pricing etc; • annual Financial Statements including notes thereon; • external audits; • Periodically cost review and measurement to control costs; • Product Costing • strict control over receipts and payments; • inventory valuation; • payroll, and bank reconciliation; • accruals, prepayments and provisions; • maintenance of fixed assets register, adjustments for impairment of assets; Financial Analysis • Setting and reporting Key Performance Indicators (KPI’s); • Variance analysis on actual monthly results versus budgets of corresponding period; • Using key ratios, periodic analysis of profitability and liquidity of the company. Planning / Budgeting / Forecasting • Preparation of Annual Budget; • Cash flow planning & forecasting; • Projected Financial Reports for Banks and Other NBFIs. Others • • Preparation of presentations for the board of directors, and attend the board meeting. overseeing all departments’ work to effectively manage finances, financial reporting and business forecasting; Eastern Garments Limited Business activity: Manufacturers and Exporters of Garments Location: Head office in Pakistan Position: Sr. Manager Finance & Accounts – April 2006 to December 2009 Reporting to Supervision Chief Executive, Managing Director Accounting, Finance Department & Other special assignments A large manufacturing company involve in 100% export of garments, having vertically integrated processes i.e. Knitting, Dyeing, Finishing, Cutting, Embroidery & Printing, Stitching and Packing. EGL manufactures garments in Pakistan and exports its products to various parts of America and Europe. The group offers a multinational working environment. Responsibilities included: Finance • • • Negotiation with the banks for new as well as extension in regular lines and arrangement of project financing; Preparation of banking facilities position, actual cash flow and cash forecast; Liaison with merchandising department for day to day affairs; Accounts Supervision and monitoring of: • monthly reporting pack which includes profit & loss account, balance sheet, cash flow and statement of changes in equity and other financial information such as working capital, inter-company transactions and pricing etc; • Annual Financial Statements including notes thereon in accordance with International Financial Reporting Standards; • internal and external audits; • Dealing with the preparation and submission of VAT (Value added Tax) returns on a monthly basis; • monthly cost review and measurement to control costs; • strict control over receipts and payments; • team of managers and accountants, reviewing and supervising their work and segregation of their duties on all accounting matters and ensuring high level of accuracy in internal controls; • setting up internal controls; • training of staff on financial reporting, internal controls, new accounting software etc.; Financial Analysis • Setting and reporting Key Performance Indicators (KPI’s); • Variance analysis on actual monthly results versus budgets of corresponding period; • Using key ratios, periodic analysis of profitability and liquidity of the company. Planning / Budgeting / Forecasting • Preparation of annual departmental budgets; • Extensive business planning, preparation of planned profit & loss account, balance sheet, cash flow and other financial information based on detailed working and clear assumptions; • Cash flow planning & forecasting; Project Feasibilities • • Using technique of NPV, Payback & Sensitivity Analysis, prepared feasibilities of new projects and expansion of existing projects; Project financing proposals and impact of new project on the balance sheet, P&L and ROI. Others • • Preparation of presentations for the board of directors, and attend the board meeting. overseeing all departments’ work to effectively manage finances, financial reporting and business forecasting; Other Exposure D. Baloch Group of Industries Business activity: Manufacturing and Sale of Cement, Steel, Paper sack etc. Position: Head of Finance & Accounts – July 2003 to March 2006 Gulistan Textile Mills Limited Business activity: Manufacturing and Sale of Yarn Position: Manager Finance – October1998 to June 2003 Keller Grundbau GmbH Business activity: Construction and Contracting Position: Manager Accounts – December 1996 to October1998 Faruq Ali & Company – Karachi, Pakistan Position: Audit Supervisor -(Aug 1991– Nov 1996) Joined as auditor with this firm as part of mandatory training requirement of Institute of Chartered Accountants of Pakistan when I was registered as Chartered Accountancy candidate. With Faruq Ali & Co., Pakistan I managed and handled audits of the following major sectors: Textile, Glass, Sugar, Cement, Newspapers, Trading Companies etc.; some of them are following: • • • • • • • • Dewan Textile Mills Limited. Balochistan Glass Limited. Dewan Sugar Mills Limited. Zeal Pak Cement Factory Limited Petrocommodities (Pvt.) Ltd. Jang Group of Companies. Kausar Paints Limited. Automotive Batteries Limited. MEMBERSHIP - APFA, Pakistan PERSONAL INFORMATION - Born on December 25, 1970 - Married - Pakistani national - Driving licenses: Saudi Arabia