Muhammed Asim Malik work email
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Accounts and Finance professional with 20+ years of experience in an multinational environment, successful in achieving business growth objectives within turnaround & rapid changing environment. Proven track record of increasing revenue by 10%, and reducing operating costs by 15%. Skilled in analyzing financial statements with good IAS, GAAP, and IFRS familiarity. Expertise in auditing, receivable & payable management, budgeting & forecasting, VAT / corporate tax, / income tax / sales tax, banking facilities, import / export LCs, procurement, creation of policies and procedures, ERP implementation and leading the team.Accomplished communicator with excellent organizational and time management skills. Innovator, intuitive, team player, manifold tasks, comply deadlines and assist in operational plans and commercial decision-making.Can assimilate information with the expertise in advance excel, FOCUS ERP, Tally ERP, Sage, Quickbooks, Peachtree, Oracle, SAP, SPSS and soft presentations.Muhammed Asim Malik+971558579632malik_asim1@yahoo.com
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Accounts And Finance ManagerTitanium Building & Construction Materials Trading Co. Llc Mar 2024 - Oct 2024Dubai, United Arab Emirates Headed implementation of new financial system FOCUS ERP9, Trained employees of all departments. Redressed and audit financial statements and accounting data and corrected errors. Reworked on LC financing calculations and reposted in system. Supervised quarterly VAT returns and reconciliation.
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Finance ManagerDubai Blocks Llc Jun 2016 - Jan 2024Ras Al-Khaimah, United Arab Emirates Designed and implemented a transport module in the SAGE, enabling decision making on items’ sales prices Led implementation of new financial system FOCUS ERP9, resulting in increased accuracy of financial data and improved operational efficiency. Got refund claim of AED 39,000/- from FTA-UAE without any tax agent involvement. Rectified loan interest calculation and reimbursed AED 70,000/- refund from the bank. Scrutinized financial statements and budgets, causing 10% rise in profit margins. Handled bank financing facilities, letter of credit, and other bank matters and arranged fund resources. Independently completed VAT and corporate tax Registration, VAT Audit and oversaw VAT returns. Developed and formulated sales commission and daily cash flow reports in Microsoft excel, which reduced time and gave 100% accurate results. Headed procurement contracts, decreased cost by 15% and cultivated strong relationships with vendors. -
Finance ManagerRubber World Industry Llc Oct 2012 - Apr 2016Ajman Emirate, United Arab Emirates Modified cash flow budget, raised 10% cash flow by timely recoveries and controlling recurring OPEX. Increased revenues by 20% by reactivating past customers after credit & risk analysis. Activated dormant financing facilities and reduced bank charges for LCs of import bills. Led financial audits and ensured compliance with applicable laws, resulting in zero findings, and maintaining a clean audit record for three consecutive years. Strategized business plan for 2 trading branches in Dubai and Abu Dhabi, brought 25% increase in sales. Applied a new budgeting process that resulted in a 10% reduction in OPEX and a 5% increase in revenue. -
Manager AccountsBlooming Leather (Pvt.) Ltd. Aug 2010 - Sep 2012Karachi, Pakistan Analyzed financial statements and proposed strategies to improve profitability, resulting in a 15% increase in net profit margin and a 10% improvement in overall financial performance. Managed financial audits and sales tax compliance, resulting in a 100% compliance rate and no penalties or fines. Introduced banking facilities and enhanced funds resources of company by Rs. 90 million. Re-engineered job order costing processes and decreased production cost, leading to a 15% increase in revenue and a 5% improvement in profit margins. Streamlined the budgeting process by implementing automated tools, stretched internal controls, reducing the time spent on budget preparation by 30% and improving the accuracy of financial forecasts. Played a key role in maintaining accounts receivable records, resulting in a 25% increase in timely receivables.
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Manager AccountsMaxco (Pvt.) Ltd. May 2008 - Jul 2010Karachi Exceeded P&L objectives by more than 20% annually through cost cutting and tight internal controls. Oversaw and streamlined the conversion of 600+ vendor payments, which cut costs by 15%. Established excellent relationships with Bankers, leading fast processing of financing facilities. Supervised Payroll processing of 5,000 employees of 10 divisions without any mistake. Headed a team of 25 accounting professionals of 10 divisions, trained new staff and defined responsibilities. -
Manager AccountsSuper Fashions (Pvt.) Ltd. Sep 2001 - Apr 2008Karachi Implemented new oracle financials ERP software, trained staff, resulting in a 30% increase in efficiency. Analyzed financial data, enhanced general ledger accuracy, identified cost savings opportunities, resulting in a 10% reduction in operating costs over a one-year period. Spearheaded a cross-departmental initiative for the reconciliation of 500+ vendor accounts, leading to 80% reduction in discrepancies. Redesigned collections strategy and customer credit assessment process, resulting in a 20% reduction in overdue accounts receivables and a 10% increase in overall cash flow. Reviewed sales tax, which resulted in the rebate of an estimated PKR 60,000 monthly from the government. Performed variance analysis, set item price and cost which led to an increase in revenue of Rs. 2.4 million.
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Audit TraineeMushtaq & Co. (Ca Firm) Jun 1998 - Sep 2001Karachi Executed audits of manufacturing, FMCG, insurance, and trading companies. Observed different accounting software, chart of accounts, and accounting policies of different companies. Identified flaws and assist client in resolving issues in the preparation of financial statements. Got expertise in sales tax, and income tax return filing procedures of different companies.
Muhammed Asim Malik Skills
Muhammed Asim Malik Education Details
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Iqra UniversityFinance -
Accounting And Finance
Frequently Asked Questions about Muhammed Asim Malik
What is Muhammed Asim Malik's role at the current company?
Muhammed Asim Malik's current role is Finance Manager / Tax Expert.
What is Muhammed Asim Malik's email address?
Muhammed Asim Malik's email address is ma****@****hoo.com
What schools did Muhammed Asim Malik attend?
Muhammed Asim Malik attended Iqra University, Karachi University.
What are some of Muhammed Asim Malik's interests?
Muhammed Asim Malik has interest in Learning, Research And Analysis, New Challanges, Professional Seminars.
What skills is Muhammed Asim Malik known for?
Muhammed Asim Malik has skills like Accounting, Financial Reporting, Internal Audit, Internal Controls, Account Reconciliation, Budgets, Erp, Managerial Finance, Financial Accounting, Target Costing, Cost Accounting, Auditing.
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