Asad Shafi, Acca Email & Phone Number

Dubai, Ae

Dubai, United Arab Emirates

• 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 & 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: Delivered timely and accurate financial reports (balance sheets, income statements, cash flow statements) in adherence to IFRS, empowering senior management with actionable insights for strategic decisions.• 𝗙𝗶𝘅𝗲𝗱 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻: Leveraged expertise to maintain and track the Group's fixed assets, established efficient processes for asset transfers and disposals, delivered accurate reconciliations of the Assets Register with the Financial Ledger, and collaborated with teams to ensure compliance with budgets and audit requirements.• 𝗧𝗮𝘅 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: Ensured full compliance with UAE VAT and corporate tax laws by staying updated on regulatory changes and implementing robust processes, minimizing audit risks.• 𝗖𝗼𝘀𝘁 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻: Designed and executed cost-saving strategies, achieving a 20% reduction in operating expenses and annual savings of AED 1.55 million.• 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 & 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Improved cash flow by 25% through enhanced forecasting, accounts receivable collections, and efficient accounts payable processes.• 𝗩𝗮𝗿𝗶𝗮𝗻𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: Conducted detailed variance analyses, identifying key trends and variances and presenting actionable recommendations to optimize financial performance.• 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝘀 & 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: Strengthened internal controls, ensuring processes were aligned with organizational goals and mitigating financial risks.

Lahore, Punjab, Pakistan

𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 & 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 :• Preparation of monthly management accounts much quicker, cutting down the production time from 9 days to 6;• In Meetings with senior management from every department, I was able to lower overall business spending by 13%, saving the company Rs. 6.3 million annually. • Month-wise and Project-wise Variance Analysis Reports and Forecasting to offer the company's most recent full-year financial picture to emphasize the company's risks and prospects;• Interaction with clients to answer queries, get full documentation and verify account accuracy resulted in a 25% improvement in client relationships𝗥𝗲𝗰𝗲𝗶𝘃𝗮𝗯𝗹𝗲𝘀 & 𝗣𝗮𝘆𝗮𝗯𝗹𝗲𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 :• Oversaw that invoices are issued to local and foreign customers on a timely basis and kept the average collection period at an acceptable level;• Along with the purchasing department, we were able to reduce supply costs by Rs. 4.5 million annually by combining monthly cloth orders into quarterly bulk orders that were supplied in monthly installments.𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴, 𝗩𝗔𝗧 & 𝗟𝗲𝗮𝗱 𝘁𝗵𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 :• By detecting redundancies in the reporting process, evaluating how well they worked to detect errors, and eradicating redundant steps that weren't necessary to save 5 staff hours per week• Keep records accurate as per the VAT Law, timely filling out VAT returns on a Monthly & Quarterly Basis and coordinating with tax consultants for assessments and other tax affairs to avoid hefty VAT penalties.• Oversaw 2 junior team members and an intern, training them on business procedures and working methods that raised their output by approx. 50% over the course of three weeks.• By establishing a new digital memo and report transmission system, the warehouse department's paperwork was reduced by over 50%

Lahore, Punjab, Pakistan

• Effectively communicating insights and plans to cross-functional team members;• Gathering critical information from meetings with various stakeholders and producing useful reports;• Ensuring solutions meet business needs and requirements by allocating resources and maintaining cost efficiency;• Assist in developing an annual audit plan with Audit Senior & Manager, coordinating audit activities, and discussing it with audit trainees;• Manually prepared clients’ audit files for the Quality Control Review (QCR) Program held by The Institute of Chartered Accountants of Pakistan;• Responsible for the assignment of clients’ book-keeping tasks, which included checking the posting of all sales invoices and purchase invoices to proper accounts and keeping all records updated to ensure completeness;• Proven ability to identify and implement improvements to streamline processes and increase efficiency and productivity;• Reviewing the work performed by the trainees for error checking to ensure accuracy and compliance especially working papers on audit box files.

Lahore, Punjab, Pakistan

• Majority work on gathering appropriate evidence and preparation of audit working papers;• Undertake audit assignments by professional standards, Audit Guidance, and Audit Services Group’s Quality Assurance Framework;• Reviewed petty cash, cash book, journal, general ledger, trial balance, test counts, bank reconciliation statements, payroll sheets, profit and loss account, and balance sheet;• Worked on acquisition review and special projects (Model Town Community Centre);• Serving as a liaison between stakeholders and clients;• Monitoring deliverables and ensuring timely completion of projects.

Acca Member, Accounts, Finance, Audit & Tax(Vat)

Activities and Societies: I have been using the stock exchange and forex trading platforms for training and real understanding.In-depth.

Bsc (Hons) In Applied Accounting, Accounting And Finance

Activities and Societies: Research And Analysis Project

Certified Accounting Technician(Cat), Accounts, Finance, Audit & Tax(Vat)