A visionary Finance & Accounting Specialist possessing over 20 years of extensive experience in managing and executing Finance initiatives and processes to drive insights to leadership teams; insightful working knowledge of core accounting practices, financial & accounting operations including accounts maintenance, finalization, costing, management accounting, taxation and audits.To serve in a challenging environment, enabling the organization to achieve its corporate objective by utilizing knowledge, skills, experience and become part of success.PROFILE SYNOPSIS• Possesses exceptional Leadership capabilities.• Proficient in handling all Value Added Tax (VAT), tax-related activities (WHT), ZATCA reporting, responding timely to customer/client queries, submitting annual returns, performing financial reporting and acquiring ZATCA certificates.• Proven track record in identifying and managing tax and execution risks; instrumental in evaluating and advising on business initiatives, contemplated transactions, and business proposals.• Highly perceptive in leading tax compliance process, planning, audits and system integration; well versed with financial reporting, budgeting, billing, tax filings, audits, Treasury and risk management.CAREER HIGHLIGHTS• Prepared accounts design, process flow diagrams and systems while leading ERP systems implementation.• Managed all grievances /issues/queries regarding ZATCA while ensuring timely roll-out of ZATCA tax certificates and ZATCA representatives auditors reporting for 10 years.• SAR 2 million saving by successfully eliminating VAT penalties during VAT audit.• Established Value Added Tax (VAT) Reporting System and ensuring timely submission of VAT returns without any consultant services. Result: Saved SAR 1 million consultant’s cost.• Monitored and executed full functions and activities as per compliance with International Accounting Standards (IFRS/IAS).• Utilizing maximum lead time for payment of payables to manage working capital and funds requirements.• Dealing with banks and financial institutions to obtain loan as per company funding requirements.
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General Manager Accounts And Finance (Joined As An Accountant 2009)Mia Holdings Aug 2009 - PresentSaudi ArabiaJob Description :- As a head of the Finance & Accounts Department, responsible for reporting to the Group Executive Management.•Regular Financial performance monitoring, year-over-year and preceding periods and investigating & scrutinizing the results thereof.•Preparing and presenting analytical Financial Performance Reports and involve in management decision making.•Protect operations by keeping financial information and plans confidential.•Supervises work order operations including completion stage, balance costs to complete validation, applicable penalties/ claims/ incentives, latest forecast, revenue and cost recognition in accordance with International Accounting Standards.•Delegates 1000 employees and handles payroll, taxation, employees’ benefits, leaves and final settlements functions.•Directs and analyses valuating inventory, managing stocks and aging of stock; handles inventory management.•Various analytical reports for evaluating the profitability of services for future decision.•Monthly revenue & expense analysis for future decision making.•Monitor receivable and payable aging reports.•Overseeing the function of accounting, and ensuring accounting is performed in conformance with standards established by KSA authorities.•Performs separate and consolidate financial reporting (annual and interim) in compliance with IFRS standards.•Spearheads fixed assets acquisitions, disposals, repair, maintenance, utilization, idling and physical audit activities.•Ensure that sufficient funds are available to meet ongoing operational and capital investment requirement.•Overseeing the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives•Designing and monitoring the implementation of a cash management system in order to ensure proper utilization of cash•Managing all ZATCA and VAT related matters•Maintaining relationships with banking and financials institutes
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AccountantOwn Rice Mills Mar 2003 - Jun 2009PakistanJob Description: - I had worked as an Accountant (Joined as Assistant Accountant) in one of the leading rice processor and traders of the Pakistan. Reporting to the Chief Financial Officer, the scope of the work includes the following:Major tasks:• Overall supervision and control of the accounts department.• Finalization of monthly, quarterly and annual consolidated accounts.• Monthly reconciliation of account department Inventories records with stores and warehouse.• Supervise and guide assistants and handle day to day routine accounting matters.• Monitoring and controlling all routine accounts cash room and store matters.• Monitor and manage funds position, working capital requirement and prepare cash flows.• Administered daily processing cost tracking. • Prepare budgets, variance analysis and various costing reports.• Prepare receivable and payable aging report.• Approve payment approvals, purchase orders and payroll disbursements. • Coordination with Internal Audit department. • Banks and inter companies’ reconciliation.• Prepare income tax and wealth tax returns.• Arrange funds under Export Refinance (E.R.F) loan according to sanctioned limits of State Bank of Pakistan.
Muhammad Faisal Education Details
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Accounting And Finance
Frequently Asked Questions about Muhammad Faisal
What company does Muhammad Faisal work for?
Muhammad Faisal works for Mia Holdings
What is Muhammad Faisal's role at the current company?
Muhammad Faisal's current role is Accounts and Finance.
What schools did Muhammad Faisal attend?
Muhammad Faisal attended Karachi University, The Institute Of Chartered Accountants Of Pakistan.
Who are Muhammad Faisal's colleagues?
Muhammad Faisal's colleagues are Kawsar Alam, Syed Ameen, Muazzam Ali, Armando Rodríguez, Shahid Azmi, Musharraf Iqbal, Samitha Kawinsha.
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Muhammad Faisal
Experienced It Manager | Driving Digital Transformation And Enhancing Operational EfficiencyRiyadh, Saudi Arabia -
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Muhammad Faisal
Riyadh, Saudi Arabia -
Muhammad Faisal
Network Engineer | Data Center | Cisco | Ruijie Fortigate | Vpn | R&S | Security | It Infrastructure | Cloud |Riyadh, Saudi Arabia -
2hotmail.com, salehiya.com
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