Jawad Shafiq Email and Phone Number
Highly-skilled in leading all aspects of Finance & Accounts for Group & Holding companies like Financial Planning, Analysis & Budgeting, Taxation, Audits, Accounts Payables /Receivables, Month-End Closing and finalization of books of accounts as per IFRS, IAS and ISA Standards and preparation of Consolidated Financials and MIS reporting especially related to health care and real estate.
Vitateck Group® Middle East
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Group Finance DirectorVitateck Group® Middle East Aug 2023 - PresentDubai, United Arab Emirates -
Finance ManagerMostafa Bin Abdullatif Investments L.L.C Jan 2021 - Jun 2023Dubai, United Arab Emirates1. Worked for holding company and oversee the accounting function of all subsidiaries, associates and joint ventures including real estate, it, trading, manufacturing, hospitality, media & capital investments along with the accounting of investment company and was responsible for preparation of consolidated financial statements.2. Prepared monthly management accounts, as well as handled month-end / period-end scheduling, adjustments, and closings and mis reporting for all divisions.3. Financial planning, analysis, reporting and accounting of companies within the group, providing strategic direction in implementing internal controls, ensuring efficient and effective financial operations with P&L accountability.4. Managed the team of 20+ accountants to ensure the completion of work on time and allocation of tasks.5. Assisted CFO in preparation of reports and data required by banks for structured finances in the mode of loans, Islamic financing for working capital requirements and investments.6. Ensured implementation of new IFRS enactments in the group’s financial statements.7. IFRS and vat expert of the group and was in charge of vat review and filing for all companies under the group. -
Group Finance ManagerAramed Middle East Dec 2012 - Jan 2021Dubai, United Arab Emirates1. Prepared monthly accounts and customized management reports related to accounting and finance for all companies in the group including medical devices trading, clinics, pharmacies and compounding labs. 2. Lead the team of 15 accountants and reviewed their work. 3. Managed Cash Flows of the Group Companies, evaluating data pertaining to costs to plan budgets. Effectively monitored the inflow/outflow of funds, to ensure optimum utilization of funds towards the accomplishment of organizational objectives.4. Formulated Budgets and Financial Plans ensuring they reflect objectives outlined in the business plan. Conducted Variances Analysis to determine deviations from approved budgets and providing recommendations.5. Conducted a Review of Collection Reports for determining the status of collections and the number of outstanding balances and strict monitoring of past due balances.6. Started as an accountant and in span of 3 years was promoted from accountant to senior accountant to chief accountant to accounts manager to finance manager and ultimately group finance manager based on performance appraisals and employees’ feedback. -
Senior Audit ManagerNazir Chaudhri & Co. Chartered Accountants Nov 2010 - Sep 20121. Managed an audit and advisory portfolio of 34 clients across 5 industries valued more than PKR 500 million.2. Risk assessment of over 30 clients to understand the industry and the associated business methodology, key trends, risk factors, developments, and benchmarks.3. Prepared financial statements in compliance with applicable IFRS and relevant regulatory requirements of UAE laws.4. Performed special assignments, including agreed-upon procedures and interim review reports.5. Prepared and submitted papers and consultations for complex accounting issues.6. Managed the assignments related to sales tax, income tax and corporate and personal tax of the firm's clients.
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Audit TraineeYusaf Saeed & Co. Chartered Accountants Feb 2009 - Nov 20101. Developed annual audit plans of the clients.2. Performed Financial and operational risk assessment of the entities with net assets.3. Comprehensive risk-based audit planning of individual assignments.4. Presentation of audit findings and recommendations to process owners to obtain their feedback.5. Reported the results of audit assignments to the Audit Partner of the firm.6. Ensured implementation of new IFRS enactments on the allocated clients.
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InternAllied Bank Limited Dec 2008 - Feb 2009Lahore, Punjab, Pakistan -
InternPak Elektron Limited Aug 2008 - Sep 2008Lahore, Punjab, Pakistan -
InternSyed Bhais Pvt Ltd. Jun 2007 - Aug 2007Lahore, Punjab, Pakistan
Jawad Shafiq Education Details
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Accounting And Finance -
Institute Of Chartered Accountants Of PakistanAccounting & Auditing -
Accounting And Finance
Frequently Asked Questions about Jawad Shafiq
What company does Jawad Shafiq work for?
Jawad Shafiq works for Vitateck Group® Middle East
What is Jawad Shafiq's role at the current company?
Jawad Shafiq's current role is Strategic Financial Planning | Investment Analyst | Risk Management | Holdings & Groups Restructuring Expert | Empowering People & Building Teams | CFA Level 1 Candidate.
What schools did Jawad Shafiq attend?
Jawad Shafiq attended Acca, Institute Of Cost Accountants Of India, Institute Of Public Accountants, Institute Of Chartered Accountants Of Pakistan, University Of The Punjab, Lahore.
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