Muhammad Ahmed Tola Email and Phone Number
As a seasoned Chartered Accountant with over 16 years of enriching experience, I am dedicated to revolutionizing the finance landscape by seamlessly integrating it with cutting-edge IT solutions. My expertise lies in proficiently overseeing a spectrum of financial operations including accounting, reporting, tax, and audit, while driving operational efficiency and success through strategic planning and technological alignment.Key Achievements:Lead ODOO ERP implementation, revolutionizing operational efficiency and integration, while reducing implementation cost by 50%.Lead MS Power BI dashboard implementation, empowering data-driven decision-making across all functions.Lead FOCUS ERP implementation, optimizing processes and bolstering financial management capabilities.Lead CUSTOMISED ERP solutions for the real estate sector, enhancing operational agility and financial control.Conducted modern trade business appraisal, resulting in strategic remedies and enhanced profitability by 30%.Developed and executed comprehensive transfer pricing policy, fortifying financial governance, and reducing operational cost by 50%.Strategically mitigated withholding tax impact through advanced tax planning strategies, removing the WHT cost by 100%.Implemented cost-optimization measures, including outsourcing unskilled labor, trimming administrative costs by 10%.Detected and rectified anomalies in salary structures vis-à-vis GOSI regulations, ensuring legal adherence and mitigating compliance risks.Achieved 50% efficiency by significantly reducing payables and inventory turnovers through rigorous financial analysis and optimization strategies.Lead establishment to LLC transformation, facilitating business expansion and legal compliance.Provided strategic recommendations for production facility changes between KSA and PAK, optimizing operational efficiency and cost-effectiveness.Lead IFRS and VAT standards implementation, imparting comprehensive training for organizational compliance and financial transparency.Developed dynamic system for profit-sharing partner withdrawals, improving liquidity by 25%.Streamlined bookkeeping processes by transitioning to ERP systems, enhancing accuracy and efficiency in financial management.Conducted thorough FP&A analysis, optimizing financial outcomes by 10%.Rectified profit appropriation mechanisms on Provident fund, enhancing regulatory compliance and financial transparency.Conducted comprehensive payroll audits, ensuring financial governance and compliance.
-
Head Of FinanceTarweej Arabia For Services LtdJeddah, Sa
-
Head Of FinanceTarweej Aug 2024 - PresentJeddah, Makkah, Saudi ArabiaLooking after:-Planning, Budgeting, Forecasting & Control-Cost Monitoring & Control-Revenue and Supply SLAs-Consolidated and Segment wise monthly management reporting -Internal Controls-Regulatory Compliance (Zakat, Tax, WHT and VAT)For-Merchandising Services-Asset Sale and Management Services-Market Intelligence Services-Brand Activation ServicesIn addition, I am also looking after the above for Manufacturing arm of Brand Activation Services:; ADSELLS TARWEEJ ARABIA, A joint venture company.
-
Head Of FinanceAdsells Tarweej Arabia Aug 2024 - PresentJeddah, Makkah, Saudi Arabia -
Senior Finance ManagerMehran Spice & Food Industries Jan 2019 - Jul 2024Jeddah, Makkah, Saudi ArabiaMehran Spice & Food Industry stands as a renowned multinational FMCG enterprise With production facilities located in Pakistan, the UAE, and Saudi Arabia, They have cemented their position as a leader in the industry. Their diverse product portfolio includes spices, recipes, and rice, sauces, pickles, and juices and frozen foods.Highlights:-Credit Controlling-Monthly Management Reporting-Annual Financial Reporting-Leading the development of ECOMMERCE module-Cost Controlling through active collaboration with procurement function-Regulatory Compliance with IFRS, FRGs, Income Tax / WHT / VAT Regulations-Financial Forecasting-Financial Performance & Analysis on Sales, Procurement, Payroll and Operations to ensure financial stability.-Mentoring, directing, motivating, supervising, and monitoring all members of the team.-KPI Review & reporting.-Collaborating among all stakeholders.-Provide financial guidance to sales, marketing, production and logistics.-Managing Transfer pricing policy across group entities in KSA, Karachi, and UAE.-Drive financial and business planning through performance, risk analysis balance sheet control.-Identifying opportunities for sustained growth and success.-Regularly review internal controls and processes to safeguard company assets.-Develop and manage external relationships with auditors, bankers, and statutory organizations.-Managing Treasury Function-Coordinating with ZATCA for queries and assessments.-Managing Chart of Accounts to ensure accuracy and prevent misstatements in Financial Statements.-Take a lead role in budgeting functions for purchase, expense, and production.-Regular improvisation of internal controls -
Financial ControllerMehran Spice & Food Industries Oct 2015 - Dec 2018Jeddah Saudi ArabiaHighlights:-Supervise commercial finance activities including collections, discounts, credit control, and management accounting.-Preparing high quality Financial Reports/Forecasts (Monthly/Quarterly/Annual) -Mentoring, directing, motivating, supervising, and monitoring all members of the team -Periodic review of KPI reports of all functions and presenting to management.-Maintain constant control on balance sheet to identify, manage and mitigate risks at early stage.-Maintain active collaboration and provide financial guidance to sales, marketing, production and logistics.-Mitigating liquidity risks by keeping a close on treasury activities.-Review monthly payroll reports and propose improvements as needed.-Regular review of vendor and customer contracts and aligning legal advisor before signatures.-Supervising Costing function-Design and review Financial Performance & Analysis reports across all business segments on a regular basis to ensure financial stability and identify opportunities for sustained growth and success.-Regularly review internal controls and processes to safeguard company assets.-Ensuring regulatory compliance with VAT, and Income Tax laws and guidelines.-Develop and manage external relationships with auditors, bankers, and statutory organizations.-Handle annual filing of Income Tax Returns and coordinate with ZATCA for queries and assessments.-Actively supporting Sales and Marketing in preparing their annual budgets. -Monitor cash management function to support treasury activities effectively.
-
Manager Internal AuditMemon Motors Private Limited Nov 2012 - Oct 2015HyderabadMemon Motor PVT Limited emerged in the automotive field in the year 1994 by name of Memon Associate Foundry. Since then it has enjoyed a prestigious place in the Motorcycle and Motor Rickshaw manufacturing all over Pakistan.Its related party companies are SNW BUILDERS PRIVATE LIMITED and PM AUTO INDUSTRIES PRIVATE LIMITED. Reporting: Audit CommitteeHighlights:.. Accountable for the development and coordination of internal auditing activities... Develop and implement internal auditing policies, procedures, and program.. Review of accounting procedures.. Survey functions and activities in assigned areas to determine the nature of operations, and adequacy of the system of control to achieve established objectives... Investigate and determine causes of irregularities, and errors... Recommend corrective action and suggest improvement... Advise CEO on audit, and internal control matters.
-
Senior Manager FinanceSnw Builders And Developers Private Limited Nov 2012 - Oct 2015HyderabadSNW Builders PVT Limited emerged in the construction field in the year 2002. Since then it has enjoyed an unrivaled place in the Construction/Real estate business in Hyderabad and have some prestigious projects to its credit. Its related party companies are MEMON MOTOR PRIVATE LIMITED and PM AUTOINDUSTRIES PRIVATE LIMITED. Reporting: Chief Operating OfficerHighlights:.. Overall supervision of the Finance & Accounting functions of the company... Managing Investments in active and potential real estate projects... Managing financial accounting, monitoring and reporting system... Developing financial management mechanisms that minimise financial risk.. Conducting FP & A on all the projects of the of the company and recommending proactive actions wherever necessary.. Developing external relationships with appropriate contacts, e.g. auditors, bankers and statutory organisations... Keeping abreast of changes in financial regulations and legislation.. Overseeing the implementation of Oracle data based Software and financial integration thereof.,.. Development and review of SOP's and Internal Controls for the operations.
-
Manager, Internal AuditSiddiqsons Group Sep 2011 - Oct 2012Siddiqsons Limited, a vertically integrated textile company. It is engaged in the manufacture and sale of denim garments. Its vertical units comprise of Spinning, Weaving and Garments factories. Its related parties are Siddiqsons Tin plate Limited and Triple Tree Associates Pvt Limited. Reporting: Audit CommitteeHighlights:.. Accountable for the development and coordination of internal auditing activities... Develop and implement internal auditing policies, procedures, and program.. Review of accounting procedures.. Survey functions and activities in assigned areas to determine the nature of operations, and adequacy of the system of control to achieve established objectives... Investigate and determine causes of irregularities, and errors... Recommend corrective action and suggest improvement... Advise COO on audit, and internal control matters. -
Audit SeniorDeloitte Nov 2007 - Aug 2011Karachi PakistanWorking in the BIG 4 I was responsible for Statutory Audits of books of accountsof companies operating in:-Textile (Manufacturers)-Leather (Processing)-Sugar (Manufacturers)-Non Banking Financial Institutions-Air Travels Associations-Hospitals and Schools -
Audit SeniorDeloitte Dec 2010 - May 2011QatarWorking in the BIG 4 I was responsible for Statutory Audits of books of accountsof companies operating in:-Construction-Industrial Equipment Trading-Super Market-Hotels and Transportation.
Muhammad Ahmed Tola Education Details
-
Higher Education Commission Of PakistanAccounting -
Accounting And Finance
Frequently Asked Questions about Muhammad Ahmed Tola
What company does Muhammad Ahmed Tola work for?
Muhammad Ahmed Tola works for Tarweej Arabia For Services Ltd
What is Muhammad Ahmed Tola's role at the current company?
Muhammad Ahmed Tola's current role is Head of Finance.
What schools did Muhammad Ahmed Tola attend?
Muhammad Ahmed Tola attended Icaew, Higher Education Commission Of Pakistan, The Institute Of Chartered Accountants Of Pakistan, University Of Sindh.
Free Chrome Extension
Find emails, phones & company data instantly
Aero Online
Your AI prospecting assistant
Select data to include:
0 records × $0.02 per record
Download 750 million emails and 100 million phone numbers
Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.
Start your free trial