Finance Manager
Current
Jun 2023 - Present
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Hafiz Asad Khan is listed as Finance Manager at VMeals, based in Dubai, United Arab Emirates. AeroLeads shows a matched LinkedIn profile for Hafiz Asad Khan.
Hafiz Asad Khan previously worked as Finance Manager at Gourmet Butcher House Meat Trading Llc and Senior Accountant at Dishdash Restaurant & Cafe. Hafiz Asad Khan holds Acca, Accounting And Finance from Acca.
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Profile bio
About Hafiz Asad Khan
Hafiz Muhammad Asad Khan is an accounting and finance professional with eight years of experience in supporting operations, leading finance transformation, and cash flow management across international restaurant chains and trading companies. He is skilled in maintaining P&L integrity, internal controls and compliance, and IT business ownership. He has managed overall accounting operations, management reporting, and working capital management, with a keen focus on managing and enhancing the overall financial performance of the company. His signature achievements include investigating the non-compliance of revenue recognition policies and procedures and calculating the financial impact of incentives discrepancy due to non-compliance. He led the revision of the sales incentive policy, calculated financial impact and budget comparison, and advocated the new policy by providing estimated cost savings. He reduced meat wastage cost by 8% by implementing the fulfillment process with due and overdue tasks for efficient order tracking. He successfully improved performance management reporting to evaluate business units and performances.Currently, Hafiz Muhammad Asad Khan is working as an Assistant Finance Manager at Agri Yas Meat Trading Group of Agri Yas Investment in Dubai, UAE. He is responsible for facilitating the operations team in the preparation of P&L forecasts and analysis of the financial viability of new investments and budget follow-up. Prior to this, he worked as a financial analyst at Dish Dash Restaurant and an accounting manager at Mugg & Bean Restaurant, both in the UAE. In his roles, he managed day-to-day operations, enhanced cash management operations, and led the implementation of policies and procedures, safeguarding assets and minimizing costs. At Dish Dash Restaurant, he enhanced business performance through efficient marketplace vendor management and optimized resource utilization by developing consolidated budgets for internal assessment and conducting forecasts to project external valuation. At Mugg & Bean Restaurant, he established an accounting function and preparation of financial reporting, managed high volumes of financial transactions of all franchises, and provided professional accounting services for all sales units from setting up an accounting and management reporting system to VAT preparation, audit support, monthly board reporting pack, budgeting and variance analysis, general ledger, bank reconciliation, and project valuation, working capital management, and staff payroll.
Listed skills include Business Planning, Microsoft Office, Management, Microsoft Excel, and 6 others.
Current workplace
Hafiz Asad Khan's current company
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9 roles
Hafiz Asad Khan work experience
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Finance Manager
Finance Manager
Finance Manager
Gourmet Butcher House Meat Trading Llc
Jun 2021 - Jun 2023
Senior Accountant
Dishdash Restaurant & Cafe
Sep 2020 - Jun 2021
Account Manager
Financial & Strategic Planning involving preparation of P&L budgets and quarterly forecasts.• Managing monthly P&L closure activities with a keen eye on Compliance including SoX management.• Monthly analysis of P&L against budgets and forecasts highlighting the main drivers of variance.• Articulating accounting points clearly and concisely to both financial and non- financial audiences.• Implementing improvements in current financial processes.• Reviewing transactions to ensure proper accounting with established standards.• Assisting with the development and implementation of accounting procedures.• Purchase Order management and Capex overview for cost control.• Determination of costing requirements & cost centers in alignment with the business decisions to be taken;• Conducting Balance sheet reviews on a quarterly basis with the Finance Director.• Liaising closely with the subsidiary, human resources, accounts payable and records teams to ensure various Business processes are followed in line with company Policies.• Monthly review of Payroll and EOS management.
Jan 2017 - Sep 2020
Senior Accountant
Lee'S Famous Recipe Chicken Uae
Recruited to establish accounting function and preparation of financial reporting along with the formation of operating and capital budgets. Achieved by successfully managing high volumes of financial transactions of all franchises. Provide professional accounting services for all sales units from setting up an accounting & management reporting system, VAT preparation, audit support, monthly board reporting pack, budgeting & variance analysis, General Ledger, bank reconciliation and project valuation, working capital management & Staff Payroll. Accounting Systems & Controls: Expertly shaped and managed accounting functions including cash flow management, General-Ledger, revenue recognition IFRS 15, audit coordination, payables planning, credit control, preparing financial statements and instituting internal controls. Budgeting and Forecasting: Steered budget analysis and made propositions on revenue and expenditure management. Synthesized and consolidated interdepartmental budget. Formulated and set new budgets. Reduced operation costs by 30%. Tracking KPIs / Management Reporting: Established cost centers reporting to measure segment performance and sales KPIs. Timely preparation of monthly management reporting pack. Lead to accurate invoicing and reduced receivable days. VAT implementation: Acknowledged as a Value Added Tax implementation leader across the group companies. Implemented VAT across for all business units, and timely submission of VAT returns of all business units. Financial Modelling & Analysis: Planned financial modelling to evaluate proposed AED 10 Million acquisition for the restaurant's master franchise. Uncovered significant GL discrepancies, winning Chairman’s praise for preventing unwise investment.
Mar 2014 - Dec 2016
Cost Accountant
Hired to Monitors business trends and product availability to pay the best price for company goods and services without sacrificing quality or delivery times and develops and implements strategies for procuring, storing, and distributing goods or services and maintaining stock levels. Recommended the implementation of a tracking form for short-paid invoices, eliminating supplier invoice re submissions and assisting the Accounting Department Suggested the installation of an automated handling fees payment process Negotiated a major contract agreement with an electronic assembly manufacturer, driving an annual cost savings of RS 1MILLION. Streamlined department processes and procedures to determine optimum staffing levels. Instituted metrics to document cost savings, purchase requisition turnaround, and number of POs issued. Played key role in a plant inventory reduction from PKR 8.5 million to PKR 2.5 million
Jun 2012 - Aug 2013
Trainee Auditor
Dec 2010 - Jun 2012
2 education records
Hafiz Asad Khan education
Acca, Accounting And Finance
Association Of Chartered Certified Accountant ( Acca-Uk) Finalist, Accounting And Finance
Skans School Of Accountancy Lahore
FAQ
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What company does Hafiz Asad Khan work for?
Hafiz Asad Khan works for VMeals.
What is Hafiz Asad Khan's role at VMeals?
Hafiz Asad Khan is listed as Finance Manager at VMeals.
Where is Hafiz Asad Khan based?
Hafiz Asad Khan is based in Dubai, United Arab Emirates while working with VMeals.
What companies has Hafiz Asad Khan worked for?
Hafiz Asad Khan has worked for Vmeals, Gourmet Butcher House Meat Trading Llc, Dishdash Restaurant & Cafe, Mugg & Bean, and Lee'S Famous Recipe Chicken Uae.
How can I contact Hafiz Asad Khan?
You can use AeroLeads to view verified contact signals for Hafiz Asad Khan at VMeals, including work email, phone, and LinkedIn data when available.
What schools did Hafiz Asad Khan attend?
Hafiz Asad Khan holds Acca, Accounting And Finance from Acca.
What skills is Hafiz Asad Khan known for?
Hafiz Asad Khan is listed with skills including Business Planning, Microsoft Office, Management, Microsoft Excel, Negotiation, Accounting, Team Management, and Customer Service.
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