Mohammed Ashfaq Email & Phone Number

Riyadh, Sa

Riyadh, Saudi Arabia

 Monitor financial systems entries and advise team members on Accounting transactions, including VAT return, Zakat, Annual Auditing etc. Supervise invoicing and reviewing aging report of Accounts receivables and Accounts Payables and check with them for collection and provide report through ERPNext system. Preparing and monitoring Budget and Controlling Monthly, Quarterly, Semi Annually and Annually analysis of financial performance and providing variation report and advising accordingly. Supervising the monthly\quarterly\annually Accounting entries and making the adjustments, along with preparation and submission of VAT / ZAKAT obligation for company periodically. Supervise Bank and Petty Cash reconciliations monthly. Payroll preparations and entries in system along with HR related activities like Advances, Leave, Accrued employees schedules and periodic vacation planner. LC documentation and liaising with Customer and Bank for timely execution and periodic follow up for receivables. Task assignment and report taking from team members to accomplish company goal. Monthly allocation of Accrued and Depreciation expenses, making schedules etc. Management reporting for Project costing and financial reports preparation and review. Co-ordination with team members for timely Accounts receivables and pay the due balances for Accounts payables and manage Cash flows. Preparation of Analytical report by using Advance excel features like Power pivot, Power Bi etc. Preparation and supervising Weekly progressive report and guide management accordingly on the company goals. ERPNext system implementation with financial reporting and General Ledger Reconciliation.Significant Highlights Direct coordination with customer for Accounts receivables. VAT report and Zakat report preparation and review in order to submit to the Authorities. Controlling expenses Financial standing reports for management to take correcting actions in timely manner.

Riyadh, Saudi Arabia

 Use accounting\financial systems approved by the company to record and complete all accounting tasks/transactions including VAT return, Zakat, Annual Auditing etc.. Prepare invoices for customers and reviewing aging report of Accounts receivables and Payables and check with them for collection and record in the system . Organizing, preparing and monitoring the records of suppliers and payments and registering in accounting system. Close the monthly\quarterly\annually Accounting and making the adjustments along with VAT details. Prepare the monthly\quarterly\annually reports as Balance Sheet and Income Statement and cash flow statement and assist in the preparation of budget schedules and annual business plan reports. Follow-up and develop the required financial reports and the modeling of future estimates Finishing all transactions in banks. Follow up the facilities provided to the company and develop a feasible plan for its management. Prepare and update the budget Monthly. Update daily accounting tasks, and accomplish tasks on time and fully accomplishment. Reporting on tasks and daily business outcomes. Monthly, Quarterly, Semi Annually and Annually analysis of financial performance  Evaluating current capital expenditures depreciation. Reduce direct and indirect costs continuously. Project costing and financial reports review. Adhering to company policies and procedures. Do all finance / accounting works for the company including VAT return, Zakat, Annual Auditing etc. Worked closely with the suppliers and customers to ensure smooth functioning of work. Monitored expenses and recommended wherever there’s a chance of control of expenses. Exposure to VAT new law implementation and suggested accordingly. Periodic Financial reports to the management.

Riyadh, Ksa

Key Deliverables Analyzing and recording daily Deposits for all the branches along with Bank to Bank entry in SAP. Preparation and analyzing the Sales report along with preparing the Cash Movement Report of all the branches monthly. Expenses monitoring and entering of Petty Cash in SAP and overseeing all the branches. Reviewing and following up Accounts Receivables from customers. Reviewing and following Accounts Payables to Vendors or Supplier Bank statement reconciliation every Bi-monthly with SAP system. Professional VAT implementation and working with government organization for smooth functioning of work. Communication with customers and follow up for the payments and resolve any discrepancies Import shipment documents checking and co-ordination with the agent for clearance of shipment from the customs. Calculation of costing for the Imports goods and coordinating with IT and purchasing department for the Implementation and or resolving any discrepancies. Keeping and checking records of Local purchases along with the IT department. Financial Analysis report of expenses and Incomes for all the branches quarterly. Preparation of costing factor and co-ordinating with IT department for the Goods Imported by shipment.Significant Highlights Worked closely with the suppliers and customers to ensure smooth functioning of work. Monitored expenses and recommended wherever there’s a chance of control of expenses. Exposure to VAT new law implementation and suggested accordingly. Exposure to import of shipments with documentation and Customs clearance process. Costing Analysis of the goods. Periodic Financial reports to the management.

Saudi Arabia

Key Deliverables Analyzed business processes and building best practice in financial models for equity valuation or fund raising in limited recourse basis for infrastructure & other projects. Accessing and implementing knowledge, performance and agreement base rules & regulations of the authority for compliance with getting training to employees to improve their productivity. Managing client relationship, execution of transaction structuring and execution and providing assistance in business development and advising investment opportunities. Overseeing the business development Strategies and seeking new deals, managing relationship with third parties, advisors and arranging meetings & presentation with organizations & clients to maintain long term relationship with the clients. Administering and monitoring the rules and regulations, securities business and its compliance programs and overseeing all company activities. Upholding the Client records and updating the same along with their investment objectives and arranging the division of responsibilities with establishment and implementation of systems & controls Managed a gamut of tasks including preparing documentation like Prospectus etc. related to IPO, private placement & exempt offer, analyzing sectorial Investment Funds and arranging venture capital & deals.  Performed analytical review of financial operations of the process; interpreting financial data for determining past financial performance and projecting the financial probability of process and ensuring that the financial information is presented clearly, consistently and on time.  Assessed financial risks analysis (credit, market, counterparty, currency) and sensitivity analysis and applying market benchmark such as pricing, liquidity, and risk appetite from various financial markets.  Supervised and analyzed the feasibility report for converting limited liability Company to closed joint stock company.

Saudi Arabia

Key Deliverables Offered Financial Advise & Securities Investments for corporate & HNI clients. Monitored the overall Financial Analysis, Ratio Analysis and Comparison Statement of group of companies & also advised the clients accordingly. Liaised with Bank for the smooth transaction of the company (Internally & Externally) and also external Auditor for preparation of yearly financial statements.Significant Highlights Efficiently developed & managed the annual departmental budget ensuring the smooth implementation of the engagements in line with agreed deliverables. Successfully accomplished miscellaneous job-related duties such as preparation of Company Budget, company accounts, management information report, Salary due report & other reports as assigned. Managing and controlling the Finance department operations and functions.

Mumbai Area, India

Key Deliverables Provided support to Hedge funds administration process team to reconcile cash against client statement with prime broker. Evaluated and reviewed daily and monthly rate of return for validity client reports and client exception reports and handled the cash, trade & position reconciliation Handled the reconciliation of the position & accounting statements for allocated hedge funds, raised query in case of discrepancies trying to resolve the issue by client interaction and prime broker.Significant Highlights Merit of analyzing and resolving the discrepancies of the given Hedge funds on monthly basis and reviewing the daily P&L and income/ expense journals for validity. Supported the independent NAV calculation, Investor statements on closure of the business on daily/ weekly and monthly basis. Managed the daily reconciliation of all cash balances trades. Successfully handled the daily calculation and analytical review of the daily unit price and net asset value of various managed Funds.

Mumbai Area, India

Key Deliverables Provided support to the Team of “Lehman Brothers” for the Equity Payment Settlement” process taking care of all the pre-settlement issues. Raise the queries and try to resolve most of it and forward to the upper level for the unresolved issues.Significant Highlights Holds credit of managing around 18-20 counter parties taking responsibility for all the IRS/CDS/ABS. etc., and also for the derivative cash settlements. Efficiently prepared the weekly, monthly & Quarterly reports and raised QMT in case of any discrepancies and tried to resolve the same before validity date.

Master Of Business Administration (M.B.A.), Finance And Financial Management Services, 79%

Activities and Societies: FINANCE- UNIVERSITY RANK HOLDER.

Master Of Business Administration (M.B.A.), Finance And Financial Management Services

Activities and Societies: Participated in Management Association seminar, conducted seminar & events.Studied Masters.

Bachelor Of Commerce (B.Com.), Commerce, Second

Activities and Societies: COMMERCECOMMERCE

Higher Secondary, Science

Activities and Societies: School activities.Studied.

High School, Regular/General High School/Secondary Diploma Program

Activities and Societies: General Knowledge, Swimming, Cricket etc.Fair Al Hamdulillah.