Imaad Soofi - Fcca Email & Phone Number

Toronto, On, Ca

Dubai, United Arab Emirates

• Tasked with developing the bedrock of financial reporting structure and corporate strategy• Full responsibility to manage the budget of $8m including hiring plan • Implemented finance manual to overcome control weaknesses thereby improving process efficiencies by 10% • Core areas of high cost identified across the spectrum and achieved a cumulative cost reduction of 12%• Contributed to the drafting and implementation of the corporate strategy coupled with a 5-year business… Show more • Tasked with developing the bedrock of financial reporting structure and corporate strategy• Full responsibility to manage the budget of $8m including hiring plan • Implemented finance manual to overcome control weaknesses thereby improving process efficiencies by 10% • Core areas of high cost identified across the spectrum and achieved a cumulative cost reduction of 12%• Contributed to the drafting and implementation of the corporate strategy coupled with a 5-year business plan• Enhanced the Corporate image of the Company by actively participating in CSR related initiatives• Supported the project of adding a retail outlet and a warehouse to meet the growing business demand in the region• Activated the online store in collaboration with marketing team to expand sales in the Middle East region and achieve a global footprint with forecast 30% increase in the sales mix• Successfully tested the pilot project of outsourcing clothing production to South Asian countries with a forecasted reduction of 15% in operational costs Show less

Dubai, United Arab Emirates

• Responsible for the overall finance & operations of the Company • Established and maintained robust financial systems, processes and controls by implementation of ERP – Migrated from JD Edwards to Oracle Financials resulting in 25% efficiencies;• Tasked with identifying and enforcing medium term cost saving measures during the turbulent pandemic business environment – achieved an aggregate of 30% cost reduction;• Partnered with the CEO & Group CFO for the implementation of the… Show more • Responsible for the overall finance & operations of the Company • Established and maintained robust financial systems, processes and controls by implementation of ERP – Migrated from JD Edwards to Oracle Financials resulting in 25% efficiencies;• Tasked with identifying and enforcing medium term cost saving measures during the turbulent pandemic business environment – achieved an aggregate of 30% cost reduction;• Partnered with the CEO & Group CFO for the implementation of the strategic business plans with an emphasis on cost optimization resulting in an overall cost reduction 28% through efficient sourcing, renegotiating contracts, synergies & process efficiencies over a 3-year course. • Reduced the annual budgeting & external audit activity timelines by 50 days on a YoY basis• Restructured the Company’s operating capabilities to surpass customer satisfaction and retention by 35%;• Collaborated with relevant stakeholders including Government Departments, Banks, Suppliers and Customers to create a healthy business relationship and increased effective communication by 30%;• Headed the acquisition course from due diligence, offer to share transfer and post-acquisition activities;• Strengthened and enriched cross-department interdependencies increasing problem solving and effective communication by 20%• Proactively monitored and mitigated financial & business risks in line with compliance of local laws;• Observed dynamic industry trends and ensured readiness to adapt in specific to the pandemic that resulted in a revenue increase of 15%; Show less

Dubai, United Arab Emirates

Karachi Pakistan

• Represented the organization’s financial progress to stakeholders with the preparation of the statutory standalone and consolidated financial statements. Lead the external audit activity & submission of Annual report to the stock exchange;• Reduced duration of monthly reporting from 7 working days to only 3 working days and the external audit activity duration by 1 month on a YoY basis;• Formulated & automated the preparation of annual budgets for board approval thru state-of-the-art… Show more • Represented the organization’s financial progress to stakeholders with the preparation of the statutory standalone and consolidated financial statements. Lead the external audit activity & submission of Annual report to the stock exchange;• Reduced duration of monthly reporting from 7 working days to only 3 working days and the external audit activity duration by 1 month on a YoY basis;• Formulated & automated the preparation of annual budgets for board approval thru state-of-the-art processes reducing the lead time by 15% and report efficiency by 20%; • Contributed to the restructuring assignment of the organization resulting in a demerger of existing business into two entities;• Assigned with an organization wide cost rationalization initiative. Core areas of expense identified and 12% cost save accomplished thru domestic sourcing, centralized procurement, outsourcing and cost allocation SLA’s with related parties;• Overseeing Corporate Governance compliance in liaison with the company secretary• Collaborated with the McKinsey & Co team for the company’s growth strategy assignment and assisted CFO from finance department’s end;• Participated in the short- and long-term financing arrangements upwards of PKR.1.8 billion with various financial institutions including OPIC Washington.• Ensured that standardized accounting policies and procedures are being followed in compliance with IFRS;• Enabled effective team management & engagement by providing adequate training & career development opportunities to the large team. Show less

Karachi, Pakistan

Karachi, Pakistan

• Managed the large team in 3 different locations and time zones• Established the direction for the internal audit function by implementing policies, manuals & procedures, reporting and scope• Preparation of internal audit reports highlighting key risk areas and likely impact on business performance, suggested and implemented viable and strategic output for way forward to senior management• Supported management through monthly control weakness review and risk identification &… Show more • Managed the large team in 3 different locations and time zones• Established the direction for the internal audit function by implementing policies, manuals & procedures, reporting and scope• Preparation of internal audit reports highlighting key risk areas and likely impact on business performance, suggested and implemented viable and strategic output for way forward to senior management• Supported management through monthly control weakness review and risk identification & mitigation for an effective control environment and streamlined business processes• Lead the ERP implementation and the change management inherent to the process• Responsible for preparation and monitoring of the department budget including hiring plan • Prepared feasibility analysis for international expansion of operations, 2 locations opened in Far East• Enhanced cost efficiencies by 12% through renegotiation with suppliers, centralized inventory procurement and process improvement Show less

Karachi, Pakistan

Certified Chartered Accountant, Accounting & Finance

FCCA - fellow membership status awarded

Bachelor'S Degree, Accounting & Finance

Graduated with honors with an emphasis on Corporate Social Responsibility & Sustainability

Certified Accounting Technician

High School