Akash Akhtar Email & Phone Number

Saudi Arabia

Diamond Star is a leading company in Aluminium waste recycling, comprising five subsidiaries in paper and plastic scrap recycling, dismantling and demolishing projects, and trading across KSA and UAE.• Prepared financial statements (Balance Sheet, Income Statement, Equity, Cash Flow) and comprehensive MIS reports to support decision-making across the group.• Developed and managed project feasibility reports and budgets, conducting variance analysis to improve cost management and align with financial goals.• Optimized cash flow planning through effective forecasting and control, meeting group financial needs on a daily, weekly, and monthly basis.• liaising with banks and stakeholders to secure funding, negotiate terms, and manage financial obligations.• Streamlined business processes, enhancing inventory management and fixed assets control, improving operational efficiency across all companies.• Implemented advanced internal controls and financial solutions (FOCUS ERP) to automate and centralize accounting functions, reducing errors and manual intervention.• Ensured compliance with tax regulations, including VAT and E-invoicing, collaborating with ZATCA to resolve queries and secure VAT refunds.• Conducted in-depth financial analysis, providing critical insights through cost-benefit analysis, investment appraisals, and risk assessments to guide strategic business decisions.• Led the Finance department across six group companies, managing a team of 10 and providing leadership to cross-functional teams in finance and accounting.• Deployed a unified financial reporting framework across the group and conducted training to ensure its smooth implementation.• Directed group audits to ensure compliance with legal, regulatory, and financial standards

United Arab Emirates

• Prepared monthly, quarterly, and annual financial statements in compliance with GAAP/IFRS.• Performed regular reconciliations of accounts, including bank statements, receivables, and payables.• Assisted in annual budgets and monitored budget variances and reported significant deviations.• Ensured compliance with UAE regulatory requirements and tax laws, preparing and filing VAT returns in line with evolving regulations.• Implemented and maintained internal controls to ensure accuracy and integrity of financial data.• Coordinated with external auditors for the annual audit schedules and responded to audit inquiries.• Supervised and mentored junior accounting staff, providing training and guidance.• Implemented process improvements and reduced the month-end closing cycle by 40%.

Southern Punjab Multan, Pakistan

• Prepared Balance sheet, profit, and loss account on a monthly, quarterly, and annual basis.• Stock planning & management and liaised with shell regional office for support.• Prepared budgeted Cash flow to achieve the targets.• Set targets to achieve at the max level to compete at the city and regional level.• Prepared monthly bank reconciliations of several bank accounts and liaised with bank’s personnel.• Improved systems and procedures and initiated corrective actions as per the accounting standards.• Reconciled the accounts payables & receivables on a daily, weekly, and monthly basis.

Southern Punjab Multan, Pakistan

• Prepared financial reports i.e. Balance sheet, profit or loss account and cash flows statement and MIS reports.• Prepared monthly Sales tax and Yearly Income tax returns.• Reduced monthly closing time from 15 to 5 days and year end closing time from 60 to 30 days.• Lead the development and implementation of new Accounting and Financial solutions and delivered training sessions to employees.• Maintained Fixed Assets Register up to date by recording their acquisitions, depreciation, impairment, and disposals according to IAS-16.• Recovered PKR 1.2 million (AED.40,000) bad debts and reduced day’s receivables from 65 to 30 days.• Assisted in recruitment process and protects organization’s value by keeping information confidential

Southern Punjab Multan, Pakistan

• Assisted in the preparation of Financial Statements and maintain Fixed Assets Register up to date.• Prepared debtors and creditors ageing schedule and analyzed with their credit limits.• Generated debit notes and credit notes and maintained petty cash register and reconciled it on a daily basis.• Assisted in working of Sales Tax and Income Tax working and filing like VAT.• Maintained proper record of incomes through credit cards.• Prepared expenses reports and allocated expenses to different departments.

Southern Punjab Multan, Pakistan

• Recorded purchase & Sales invoices, daily expenses etc. into the company’s specific software.• Prepared staff Payroll & Bank Reconciliations.• Recorded daily transactions (i-e: cash and bank receipts & payments vouchers, expenses vouchers) into the company’s specific software.• Updated customer’s physical files.

Chartered Accountant

CA-Part Qualified (13 paper Passed)

Certified Public Finance Accountant, Financial Accounting & Reporting, Cost & Management Accounting, Auditing, Tax Etc, A

Master'S Degree, Accounting And Finance, B

Bachelor Of Commerce - Bcom, Business/Commerce, General, 1St Division