Mohammad Ashfaq Email & Phone Number

Al Khobar, Eastern, Saudi Arabia

Coastline X-Mas Tree Co. are registered vendor of Saudi Aramco for providing technical manpower supply like petroleum engineers, geological specialist and drilling/Rig engineers etc.Major Contributions:• Successfully implemented ZATCA compliant accounting software Zoho featuring e-invoicing to Saudi Aramco along with system generated financial statements and reports. • Enhanced controls to ensure that mutual contractual obligations with Saudi Aramco are complied. • Supervising portals of Saudi Aramco from uploading of invoices till the settlement. • Improved payroll efficiency with 100% employees’ salaries transfers through bank meeting the requirements of Mudad/WPS as per guidelines of the ministry of labor. • VAT return filing and handling related queries. Achievements:• Successfully negotiated with consultants from different nationalities, regions and cultures on yearlong disputes, reaching an amicable solution by signing legal individual agreements. • Represented company in meetings with Saudi Aramco, procurement department, special audit committee and Drilling & Workover Department on financial and other contractual matters.

Ad Dammām, Eastern, Saudi Arabia

Major Contributions:• Successfully implemented new accounting system Zoho featuring e-invoicing, MIS reports on products, inventory, receivable aging, cash flow management etc. • Preparation of quarterly / annual financial statements, budgets, variance analyses etc. • Monitoring credit portfolio with Agriculture Development Bank • Preparation and submission of VAT returns• Coordination with external auditors for timely completion of audit and submission of Zakat return • Overall review and advice on all financial, HR and administrative activities

Dammam, Saudi Arabia

Major Contributions:• Successfully implemented web-based local developed ERP system, featuring multiple integrated modules of Sales; Purchases; Inventory; HR & Payroll producing MIS reports and financial information including input/output VAT reports. • Monitoring credit portfolio of different banks including letters of credits, bid/performance bond, short-term and long-term loans etc. • Preparation of project forecasts for new business lines. • Implemented Payroll Module with 100% employee online salary transfers thru banks meeting the requirements of Mudad/WPS• Preparation of monthly / annual financial statements, budgets, variance analyses etc. • Coordination with external auditors, Zakat & VAT consultants for timely completion of audit and submission of Zakat & VAT returns. • Overall review and advice on all major financial activities

Dammam, Saudi Arabia

Major Contributions:• Preparation of monthly financial reports featuring ratio analyses, trends, significant events, legal aspects, corporate developments, Zakat and Income Tax impacts etc. • Enhanced efficiency of previous Inventory Management System, regularity in physical stocktaking, monitoring of obsolete items, safe custody, timely transportation of equipment, machineries and parts to branch and customers in cities and remote areas. • Implemented management of accounts receivable at all branches, including follow up with branch managers, customer credit facility management, regular data updating, dispute resolutions, alternate recovery procedures and legal actions etc.• Preparation of documentation for general and project specific credit facilities from banks, Letter of Credit/Guarantee, bid bonds documentation, fund transfers, etc. • Effective coordination with statutory auditors to meet the requirements of corporate, legal and Zakat & Income Tax Department requirements

Pakistan

Major Contributions: • Include preparation of annual accounts in accordance with the statutory requirements, preparation of annual budget and analysis of variance.• Reporting to the board of directors and donors re utilization of funds provided, cash flows, and financial projection etc. preparation of periodic cash forecast and advance request to the donors.• Supervise all financial, taxation, corporate laws and labor law affairs to ensure compliance with legal requirements. • Contributed significantly along with Information System Unit and external software developers in establishing an Oracle based ‘Integrated Accounting & Financial Management Reporting System’. The system meets the local statutory requirements along with reporting to the donor agencies and the board of directors/ senior management.• Coordination with statutory auditors, auditors/evaluators appointed by foreign donors, tax consultants and management consultants.• Associated with senior technical officials in preparation of bids for consultancy assignments; particularly advising on financial and related affairs.

Cyprus

Major Contributions:Efficient supervision of accounts department, coordination with statutory/internal auditors, and review/supervision of monthly/quarterly reports for submission to the Central Bank re statutory reserves and liquidity requirements, advising branch managers for preparation of financial information for quarterly consolidated financial statements.

Pakistan

Major Contributions:Overall supervision of the Group’s financial, taxation and corporate affairs. Preparation of financial statements; MIS reports; dealing with bankers; statutory auditors and tax/management consultants. Preparation and analysis of MIS reports regarding production, processing and cost elements. Supervision of export rebate claims, preparation, filing and follow-ups.

Eastern, Saudi Arabia

Major Contributions:Meaningful preparation of MIS reports regarding vehicles; insurance; inventory controls; fixed assets and monthly/quarterly/annual financial information to provide bases for management decision making. As the finance and accounts department consists of all expatriates, I was trusted to work as replacement at relatively senior positions e. g. Manager Budgets; Regional Accountant and Regional Finance Manager etc.

Karāchi, Sindh, Pakistan

Description of Professional Training & Experience:• Satisfactorily completed mandatory professional audit training of four years as per ICAP byelaws.• Contributed significantly as an effective participant of the audit teams of various multinational public/private limited companies. Finalized the annual accounts, evaluated and reviewed the system of internal controls of various corporate concerns.• Served in the tax service section for more than a year, engaged in preparation of tax returns, tax positions, grounds and arguments of appeals for various corporate concerns.

Master'S Degree, Accounting And Business/Management

Bachelor'S Degree, Business/Commerce, General

Master'S Degree, Accounting And Finance