Javed Akhtar Email & Phone Number

Al-Riyadh Governorate, Saudi Arabia

 Overseeing daily transactions and advising treatment on new and complex transactions. Preparing management accounts along with write up and commentary. Preparing budgets at SBU and entity level, 5 year business plan. Variance analysis and seeking explanation from relevant departments in case of deviation. Preparing forecasted income statement, balance sheet and cash flow statement. Implemented VAT and IFRS and preparing, reviewing and filing of monthly VAT return. Playing pivotal role in costing and bidding process. Added new bank with zero cost on WPS and better working capital facility with lowest pricing. Liaison with internal and external auditors for stock counts and annual audit report. Always stressing on building capabilities to have competitive advantages. Advising on appointment external auditor, experts and consultants.  Prepared KPIs both financial and non-financial and grouped against Critical Success Factors (CSFs).  Linked between benchmarking (Internal, Industry, activity and generic), CSFs and KPIs.Member of Strategic Management Office (SMO) which is predominantly responsible for the following: Formulation of Corporate, Business and Functional Strategy. Strategic analysis – assessing macro-environment using PESTEL, evaluating the sources of competition using Porter’s five forces framework, formulating an appropriate SWOT analysis. Strategic Choice – Generation of strategic options, evaluation of the option and selection of the strategy or option that the organization will pursue. Strategic implementation – org structuring, enabling resources and managing change. Strategic drift and how to avoid it.

Riyadh Ksa

Reporting to the following:1. CEO - ACWA Pipe2. Finance Director - ACWA Holding• Work with senior teams to grow the businesses formulating strategies and plans.• Lead and develop finance teams.• Lead and manage the budgeting process.• Overall cash management on an ongoing basis.• Formulation of annual budgets and targets.• Overall control of all financial transactions and accountancy matters, including audit systems.• Preparation and submission of weekly and monthly updates.• Presentation of annual accounts with recommendations.• Review of accounts and investigation of variances then setting recovery plans.• Treasury matters.• Capital expenditure – evaluation and preparation of submissions.• Insurance/ risk management.• Setting annual cost rates and prices for customers.• Close involvement in commercial negotiations with customers.• Ensuring that the regulatory requirements of all statutory bodies are met.• Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.• Maintain banking relationships.• Engage in ongoing cost reduction analyses in all areas of the company• Review the performance of competitors and report on key issues to management• Engage in benchmarking studies to establish areas of potential operational improvement

Jeddah

• Preparation of consolidated financial statements, • Ensure intercompany (branches) balances are reconciled, highlight, and coordinate to fix the differences (if any) to relevant team. • Preparation of various financial reports for senior management (Excom packs, board packs, budget packs, others.)• Coordinate interactions with internal and external auditors.• Pursue continuous improvement of the financial reporting process• Provide support in completing monthly close and consolidation process, ownership of financial statements close process.• Maintain timely communication with GL team, keeping them informed of all material financial reporting issues

Ksa

Strategic Financial Management Prepared Five Years Strategic Plan –Allocated targets to departments Calculating financial ratios and trends of products/company Comparing company’s performance with peers to determine grey area  Suggesting line of action based on historical trends Effective financial planning to reduce finance costs Developing financial models to determine financial viability of new projects under the aegis of ACWA Pipe Assisting in negotiating financing facilities with banks/investors in best interest of company Independently processed, monitored and completed all the requirements of Saudi Industrial Development Fund (SIDF) to secure governmental financing Assisting in securing working capital facilities for the growing business and negotiate new long term loans for expansion projects and plansFinancial Reporting Preparing monthly, quarterly, half yearly and annual financial statements under IFRSs Coordination with external auditors of company and DZIT Convening and coordinating meetings of department heads Ownership of Financial Statements Close Process (FSCP) Developing costing models to determine product wise margins Supervising finance team to achieve departmental objectives Preparing ad-hoc reports for top management & financial institutions Ensuring compliance with tax, Zakat and corporate lawsBudgeting, Forecasting & Segment Reporting: Preparing entity level integrated annual budget Determining planning & operational variances to improve or adjust standard costs Calculating profitability across profit centres & business segments Preparing forecasted P&L to negotiate financing facilities with banks Using Zero-Based Budget Approach to save costs on grey areas Developed several financial models, including ‘financial plan’ to prepare 10 years’ financial & cost projections, PL, BS, CF.

Lahore,Pakistan

Lahore Pakistan

Value addition: Improved job processing Client relationship development Development of work methodologies and disclosures Professional development of subordinate staffResponsibilities at Mushtaq & Co. PakistanConduct of statutory audits and internal auditsDeveloping comprehensive understanding of the business and operations as well as the accounting and internal control system identifying risk areas during the processSetting audit objectives, control risk assessment, make up of overall audit strategies, project management issues, designing tests of controls and drawing detailed audit approach including substantive tests in consultation with engagement partnerSupervising execution of audit, monitoring and reviewing audit teams’ performancePreparation of reporting documentation, discussion with client on highlighted matters, issuance and communication of final report and other correspondencePlanning and Development of work programs, methodology and disclosuresMeetings clients to research & resolve complex issues & removal of expectation gapRealization of audit objectives by execution of the audit as per audit planning while identifying critical issues having impact on audit planningPreparation of interim and annual financial statements of different organisationsAssessment of financial statements to ensure their compliance with requirements of local laws, Regulation and International Financial reporting Framework (IFRS)Assistance in the conduct of QCR of the ICAP for the purpose of satisfactory rating

Chartered Accountancy, Reporting, Finance, Taxation, Audit & It, Corporate Laws, Management Accounting

Certified Internal Controls Auditor (Cica), Internal Audit

Bachelor'S Degree, Economics,& Statistics

Cpa, Reporting, Finance, Tax, Corporate Laws, Business Management, Management Accounting

Member Of The Institute Of Public Accountants (Mipa)

An Associate Of The Institute Of Financial Accountants

Professional Accounting Affiliate, Ifrs, Audit, Tax, Corporate Laws, Financial Management, It, Business Management, Performance Manag, A

Acca

Certificate On Rmp, Risk Management Professional - Pmi-Rmp

±, Strategic Cfo