Majid Ali Email & Phone Number

Riyadh, Sa

Lahore

IPC group consists of four companies (FFC-Hattar, PAChem-Global, SCI-Multan, and IPC-Lahore) engaged in the processing and trading petrochemical products in Pakistan, the Middle East, and Europe.KEY ACCOMPLISHMENTS: • Spearheaded strategic financial planning by utilizing advanced analysis to drive decision-making, resulting in a 15% reduction in operating costs and an 11% increase in net profitability across three… Show more IPC group consists of four companies (FFC-Hattar, PAChem-Global, SCI-Multan, and IPC-Lahore) engaged in the processing and trading petrochemical products in Pakistan, the Middle East, and Europe.KEY ACCOMPLISHMENTS: • Spearheaded strategic financial planning by utilizing advanced analysis to drive decision-making, resulting in a 15% reduction in operating costs and an 11% increase in net profitability across three manufacturing units.• Formalized the annual business planning process, integrating cash forecasts and budget versus actual controls.• Initiated a diversified investment portfolio including rental properties and capital markets, effectively mitigating interest rate and foreign exchange risks aimed at rising inflation and PKR devaluation• Lead Odoo ERP Implementation in all group companies including HO. Show less

Al-Riyadh Governorate, Saudi Arabia

Joined Aura during its incubation stage and played a pivotal role in establishing financial operations from scratch, driving the brand's expansion into multiple countries and diversification into multi-brands.KEY ACCOMPLISHMENTS• Launched and established financial operations from the ground up during the incubation phase, successfully scaling the business to multi-country and multi-brand status within the GCC region. • Built and managed a finance department of 12 skilled… Show more Joined Aura during its incubation stage and played a pivotal role in establishing financial operations from scratch, driving the brand's expansion into multiple countries and diversification into multi-brands.KEY ACCOMPLISHMENTS• Launched and established financial operations from the ground up during the incubation phase, successfully scaling the business to multi-country and multi-brand status within the GCC region. • Built and managed a finance department of 12 skilled professionals, driving compliance with business policies and achieving all assigned objectives through effective team leadership. • Supervised monthly financial reporting and KPI analysis for KSA and GCC, ensuring compliance and accuracy• Conducted business planning, financial modeling, and cash forecasting for liquidity management• Develop and execute financial strategies that align with the growth and profitability goals of Aura & Leem• Lead the budgeting process (KSA, and the rest of GCC), financial forecasts & analysis for business units• Annual Audits Compliance for years 2011 to 2021, including VAT implementation (UAE & KSA group companies)• Yearly bank credit facility renewals by fulfilling requirements, making sure bank covenants are adhered• Managed an Open-to-Buy budget of SR 100 million in collaboration with the merchandising head, optimizing inventory levels and driving revenue growth.• Developed a robust e-commerce business model and conducted break-even analyses, leading to informed investment appraisals for new projects that supported strategic growth initiatives.• Enhanced liquidity by converting supplier TT payments to Letters of Credit (LC), successfully freeing up SR 50 million in cash flow annually, strengthening financial stability. • Reduced the cash conversion cycle from 195 days to 110 days by negotiating improved terms with suppliers and optimizing inventory management, significantly enhancing operational efficiency. Show less

Al-Riyadh Governorate, Saudi Arabia

Joined KFB Group of companies as Manager Internal Audit, responsible for internal audit and internal control procedure (design & implementation) in 8 companies of the KFB group in KSA. Promoted as Head of Finance in one of the divisions of KFB group "Power Telecom and Technologies.KEY ACCOMPLISHMENTS• Achieved cost reductions in project operating costs to minimize cost overruns resulting in an 8% increase in the net profitability of STC remote site projects.• Designed Internal… Show more Joined KFB Group of companies as Manager Internal Audit, responsible for internal audit and internal control procedure (design & implementation) in 8 companies of the KFB group in KSA. Promoted as Head of Finance in one of the divisions of KFB group "Power Telecom and Technologies.KEY ACCOMPLISHMENTS• Achieved cost reductions in project operating costs to minimize cost overruns resulting in an 8% increase in the net profitability of STC remote site projects.• Designed Internal Control Procedures/SOPs. Introduced an authority matrix helped reduce costs by 22%.• Implemented strict credit control, updated invoicing procedure (progress billing) and restructured collection process, recovered SR 55 million old/bad debt from the KSA market.• Arranged Bank Guarantees and bid Bonds, including obtaining project finance from local Saudi Banks Show less

Lahore

The Technology Upgradation and Skill Development Company (TUSDEC) was founded in 2005 as a Private-Public Partnership under the Ministry of Industries and Production, Government of Pakistan.KEY ACCOMPLISHMENTS:•Leveraged my skills and experience gained from working with multinationals in Pakistan and the UK to develop a robust management reporting system under the guidelines of the Finance Director's vision & leadership.•Selected as the project leader for the implementation… Show more The Technology Upgradation and Skill Development Company (TUSDEC) was founded in 2005 as a Private-Public Partnership under the Ministry of Industries and Production, Government of Pakistan.KEY ACCOMPLISHMENTS:•Leveraged my skills and experience gained from working with multinationals in Pakistan and the UK to develop a robust management reporting system under the guidelines of the Finance Director's vision & leadership.•Selected as the project leader for the implementation of the open-source ERP system 'NolaPro' at TUSDEC, collaborating with a software house based in Lahore. Show less

Lahore, Pakistan

Moved to Pakistan from London (UK) to join Makro as they launched Makro Wholesales operations in the country. KEY ACCOMPLISHMENTS: •Served as the key operational finance leader for the successful opening of Makro wholesale centres in Karachi and Lahore. Trained in Makro Business System (MBS), an Oracle-based ERP•Recruited and trained 21 ALC personnel at Makro Lahore, focusing on internal control procedures.•As ALC Manager responsible for all store financial operations… Show more Moved to Pakistan from London (UK) to join Makro as they launched Makro Wholesales operations in the country. KEY ACCOMPLISHMENTS: •Served as the key operational finance leader for the successful opening of Makro wholesale centres in Karachi and Lahore. Trained in Makro Business System (MBS), an Oracle-based ERP•Recruited and trained 21 ALC personnel at Makro Lahore, focusing on internal control procedures.•As ALC Manager responsible for all store financial operations from stock ordering to point of sales (POS), inventory management, daily price & signage updates, and implementation of discounts and promotions.•Controlled all stock orders based on the Order Proposal List (OPL), prepared shipping documents, and developed relationships with freight forwards and shipping lines•Responsible for store budgets (CAPEX & Opex) and budgetary control•Responsible for maintaining store-level profitability and KPI reporting to HO management •ALC Internal Auditor team management to conduct Weekly/monthly and yearly internal stock takes control of stock loss, shrinkage and theft. •Weekly MIS reporting to HO Finance for store KPIs including monthly store Profit & Loss Summary Show less

London, United Kingdom

Henry Bertrand Silk Fabrics is the leading manufacturer, exporter and distributor of woven silk and silk blends in the United Kingdom. Achievements and responsibilities: •Responsible for day to day running of the finance department of the London Head Office reporting directly to the Finance Manager•Cash management (Performa, French, USA customer, Invoice Finance (UK & Export Sales)•Management of control accounts (payable & receivable) including payments in multiple… Show more Henry Bertrand Silk Fabrics is the leading manufacturer, exporter and distributor of woven silk and silk blends in the United Kingdom. Achievements and responsibilities: •Responsible for day to day running of the finance department of the London Head Office reporting directly to the Finance Manager•Cash management (Performa, French, USA customer, Invoice Finance (UK & Export Sales)•Management of control accounts (payable & receivable) including payments in multiple currencies to ensure optimum utilization of foreign currency accounts•Monthly Sales Leger, Purchase Ledger and General Ledger closing including accruals and prepayments postings and production of Management Accounts by the 7th of every month Show less

I was selected as an internal auditor when Costco WholeSales UK Limited opened its new wholesale centre in Reading, Berkshire, UK.Achievements and responsibilities: •Acquired 4 weeks of training on company internal control procedures and audit program in London Watford Head Office to implement policies and procedures in new stores.•Plan, organize and execute internal audit including compliance with Internal Control Procedures•Supervised year-end inventory audit with a… Show more I was selected as an internal auditor when Costco WholeSales UK Limited opened its new wholesale centre in Reading, Berkshire, UK.Achievements and responsibilities: •Acquired 4 weeks of training on company internal control procedures and audit program in London Watford Head Office to implement policies and procedures in new stores.•Plan, organize and execute internal audit including compliance with Internal Control Procedures•Supervised year-end inventory audit with a stock loss of 9% (which is 11% less than the industry average)•Resolve sales variances, stock receiving, stock loss, sales refund and vendor returns•Responsible for KPI reporting i.e. negative stock, fast-moving, and slow-moving, stock levels of all departments affecting profit margins, and stock shrinkage. Show less

Lahore, Punjab, Pakistan

After my CA Articleship, I started 1st Job as an Internal Auditor with UPS Pakistan and was engaged in the internal audit of all five UPS branches in the Punjab region.KEY ACCOMPLISHMENTS:.Obtain, analyse and evaluate accounting records, previous reports, data, flowcharts and report control weaknesses in the system..Identify loopholes and recommend risk aversion measures and cost savings. Responsible for Quality Audits by ISO 9001 guidelines, received in-house training… Show more After my CA Articleship, I started 1st Job as an Internal Auditor with UPS Pakistan and was engaged in the internal audit of all five UPS branches in the Punjab region.KEY ACCOMPLISHMENTS:.Obtain, analyse and evaluate accounting records, previous reports, data, flowcharts and report control weaknesses in the system..Identify loopholes and recommend risk aversion measures and cost savings. Responsible for Quality Audits by ISO 9001 guidelines, received in-house training on ISO 9001. Conduct follow-up audits to monitor management’s interventions. Worked closely with the Internal Audit Manager to prepare internal control procedures and SOPs for Air Freight, Sea Freight & Consolidation shipments and related operations.. Received certificate of appreciation from higher management for the successful completion of ISO 9001 external audit for years 2000 and 2001 Show less

Lahore, Pakistan

Completed Internship in accordance with Institute of Chartered Accountants of Pakistan Bay laws 1961Worked in Audit and Management Consultancy as trainee student, semi-senior and senior auditor and conducted, supervised and finalized audits of manufacturing, service and retail sectors

Aca (Inter), Accounting And Business/Management

Acca, Accounting And Business/Management

Bachelor Of Science - Bs, Mathematics And Economics, A