Muhammad Asif, Aca, Fcca Email & Phone Number

Dammam, Eastern, Saudi Arabia

- Financial Planning & Analysis- Process improvement and automation- End-to-end D365 implementation and support- Power BI based operational and functional reporting- Local content, iktva and other regulatory compliance- Supervision of and liaison with multiple business unit and group accounting teams- Treasury and trade finance management

Karāchi, Sindh, Pakistan

Professional Achievements:Being a business lead successfully implemented SAP S/4 HANA at Sante. This timely implementation involved end-to-end tasks including selection of right ERP, implementation partner and standardization & redesigning of processes. Implemented modules included FI, CO, MM, PP, QM and PM.▪ Revamped costing mechanism to align it with industry and best practices. It involved designing of costing processes from scratch and catering idle capacity wherever necessary.▪ Successfully implemented Harmony HCM module and integrated it with SAP.▪ Finalized end-to-end toll manufacturing arrangement for another pharma company. This included competitive analysis, capacity evaluation, CAPEX requirement appraisal, suggestion of toll rate, agreement finalization etc.▪ Changed financial year of the company with tax authorities to better align it with IMS reporting.▪ Redesigned monthly reporting package to better reflect in-market v/s to market sales, change in stock at distributor, segmentation of different types of sales and discounts, profitability of institutional business and sub classification of cost of sales and inventory.▪ Over the course of five years of development of manufacturing project of Sante, managed capital budgets, co-ordinated with contractors and consultants, managed inward & outward remittances, equity contribution requirements, bank repayments and machinery imports.▪ Got approved various financing facilities, decreased spread and vacated substantial charge on assets.▪ Integrated SAP automated payment system with online bank payment system.▪ Formulated various policies such as discount and credit policy, incentive policy, bike monetization policy etc.▪ Have successfully handled various tax notices, show causes etc. and amicably closed the matters with tax authorities.▪ Did one-off project of advising on listing in Pakistan Stock Exchange.▪ Presented and got approved feasibility of a Business Division.

Karachi

Working on a senior management position, I am second in command to CFO, managing a team of several finance professionals, and responsible for major finance functions. My key deliverables in Sante have been: -Financial analysis and future projections of all company operations along with direct advice to top management on making key strategic decisions. This includes development and presentation of complete annual Budget, half-year Forecast, and Financial Strat plan and development and presentation of monthly financial reporting package.-Finalization of key contract manufacturing arrangements along with modalities such as competitive analysis, capacity evaluation, CAPEX requirement appraisal, suggestion of toll rate, agreement finalization etc.-Management of financial relationships with key business partners such as distributors, suppliers and customers. This includes agreements finalization/renewals and management of financial business operations.-Development of key organizational policies such as incentives, discount and credit, vehicle monetization, Vehicle entitlement, and other HR policies having financial implications.-Preparation of statutory accounts and management of external audit.-Supervision of complete corporate taxation including income tax, sales tax, provincial taxes, and dealing with tax authorities and other regulatory bodies.-Supervision of product costing, variance analysis, inventory management, factory management, capacity utilization along with facilitation of inventory planning and procurement process.-Supervision of SAP S/4 HANA and liaison with the consultant for smooth functioning of ERP.-Dealing with banks for all matters related to conventional and Islamic financing facilities including operations, exports, imports, foreign loans & repatriation, leasing, renewals as well as new financing facilities.-Supervision of team undertaking cash planning, treasury & payables, payroll & provident fund, fixed assets, leasing and insurance.

Karachi

Worked in risk management section.

Karachi

Worked in cost accounting section.

Karachi

Worked in payroll and general ledger section.

Karachi

Worked in advances and clearing section

Icaew Chartered Accountant

ICAEW Member since November 2021.

Associate Chartered Certified Accountant, Accounting And Finance

Activities and Societies: Muhammad Asif is a Fellow Chartered Certified Accountant and is also a member of ACCA's Professional Expert.

Masters Of Business Administration (Mba), Finance, 3.86 Gpa

Bachelors Of Business Administration (Bba), 3.65 Gpa

Hsc, Pre-Engineering, A-Grade

Ssc, Science, A-1 Grade