Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons Email and Phone Number
As a Chartered Accountant (England & Wales) and Fellow Chartered Certified Accountant (FCCA) with a Masters in Commerce and Double Graduate, I have over 14 plus years of diverse experience ranging from big audit firms to real estate, facilities management, F&B, Investments, and NGOs. A brief about my experience is as follows: 1 - Identifying opportunities and executing mergers and acquisitions to drive wealth creation.2 - Extensive experience in investments in the real estate sector of the UAE and overseas, including buying and selling properties, investing in under-construction buildings, off-plan investments, constructing our own projects for renting/selling.3 - Strong understanding of real estate market trends and dynamics, including market demand and supply, pricing, financing, and regulations.4 - As a CFO, my expertise lies in managing investments across a diverse range of asset classes. I have extensive experience in navigating the complexities of stock markets, seed funding, Pre-IPO and Post-IPO investments, as well as managing portfolios of Index Funds, Mutual Funds, Bonds, and ETFs. 5 - I have a proven track record of managing the financial affairs of private offices for high net worth individuals. I understand the unique financial needs and complexities of managing wealth, and have developed tailored strategies to protect and grow their assets. 6 - I am a CFO with passion for process optimization. I have successfully implemented SAP Robotic Process, SAP S4 Hana and SAP Business One to automate and streamline manual processes. Through customization and careful planning, I have enabled organizations to realize significant cost savings and increased efficiency. With over 80 successful SAP implementations under my belt, I have honed my skills in managing complex automations.7 - My strong grip on International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) has enabled me to excel in cashflow management, budgeting, cost controlling, and risk analysis/mitigation.8 - Developed and implemented robust cash flow forecasting models and strategies that provide organizations with a clear understanding of their cash position and help to optimize their cash flow.9 - Ability to optimize spending and improve financial performance through effective budgeting and cost controlling.10 - Ability to lead by example and build strong relationships with team members, promoting a positive and productive workplace culture.
Asayel Investment Llc.
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Chief Financial OfficerAsayel Investment Llc. Aug 2022 - PresentReal Estate Investments, Stock Market Investments, Portfolio lnvestments, Equity Investments, F&B Operator
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Financial DirectorAsayel Investment Llc. Apr 2021 - Aug 2022Real estate investments, stock market investments, portfolio investments, equity investments, F&B operator
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Senior Manager - Estate FinanceEltizam Asset Management Group Oct 2019 - Apr 2021Abu Dhabi, Uae, AeWorking in Eltizam Asset Management Group (Three60 Communities) with below key responsibilities:Audits & Financial Reporting • Manage revenues in excess of half a Billion Dirhams currently under successful management; • External Audits for over 80 real estate assets under the group’s management by 15th March every year;• Presentation of Audited Financial Statements to internal as well as external stakeholders including the regulator i.e. Dubai Land Department (DLD), Department of Municipalities and Transport Abu Dhabi (previously known as ADM);• Liaise with Internal Auditors (PwC/KPMG) for Real Estate Assets and Group Internal Audit (yearly);• Monthly financial reporting for all the real estate segments under management and presentation of the same to the divisional managers and GMs;• Quarterly cash flow projections for the group entities;• Ad-hoc financial reports as per requirement;Budgeting• Annual budgets preparation, review, and presentation for over 80 entities;• Monitoring and controlling of budgets to ensure actual spend does not exceed budget • Integration of FM-BCS with other SAP components• Monthly meetings with Divisional managers and Heads to review the actuals results with budgetsSAP Development• SAP S/4 Hana 1809 implementation on over 80 Entities and ongoing; • SAP Commerce Automation module implementation; • SAP Collection and Dispute Management module implementation;• SAP Fund Management Budget Control System (FM-BCS) module implementation;• SAP Robotic Process Automation implementation; Acquisitions/Mergers• Provide support to VP Investments in the process of acquisitions and mergers;• Provide functional and industry expertise to review corporate development opportunities and to execute the inorganic growth strategy;• Coordination with VP Investments and auditors in the establishment of purchase price allocation in the group’s financial statements; -
Finance ManagerEltizam Asset Management Group Jun 2016 - Oct 2019Abu Dhabi, Uae, AeWorking in Eltizam Asset Management Group (Three60 Communities) as Finance Manager and my key responsibilities are summarized below:• Managing Accounts & Finance of 52 companies/associations with a customer & supplier base of approximately 13,000 and 1,000 respectively.• Managing complete Finance operations of the group with a team of 25 accountants. • Liaison with Internal Auditors (PwC/KPMG) for Associations and Corporate Internal Audits. • Reporting to Corporate Finance in relation to various extensive reports on business operations. • Liaison with external auditors for financial audits of all the companies/associations, resolution of audit queries and completion of audits as per set deadlines of boards and authorities of the UAE. • Presentation of Audited Financial Statements in annual general assemblies and Land Department. • VAT return audits (where applicable) and filling of VAT Returns for all the companies/associations. • Monthly cash flow management of all the companies/associations. • Monthly preparation and presentation of Financial Statements.• Developing, documenting business processes and implementing Finance Policies across all the departments of the Group to maintain and strengthen internal controls.• Regular dealing with various banks from account openings to fund management. • Liaising with Group SAP team for extensive and continuous development of SAP system to meet the business needs.• Financial data migration for all the existing companies and new acquisitions from existing accounting software to SAP. • Regular training and development of finance staff as part of continuous professional development. • Oversee operations of finance department, set goals and objectives, and design a framework for these to be met. • Correspond with various other departments, discussing company plans and agreeing on future paths to be taken. • A lot others as part of regular business operations.
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Finance ManagerPremium Community Management L.L.C. Mar 2015 - May 2016Joined Premium Community Management as an Finance Manager and currently handling accounts & finance of 15 companies with following responsibilities:• Managing Accounts & Finance of 15 companies• Cash flows management of the group• Presenting Accounts to Board of Directors • Monthly detailed financial reports of all companies• Liaison with external auditors for all companies. Resolution to all the queries and observations raised by external auditors.• Supervising and mentoring junior staff.• Responsible for implementation and maintenance of policies & procedures related to finance and accounts.• Responsible for assisting the Finance Team in the development and maintenance of financial reporting systems to ensure integrity of finances based on sound accounting policies, efficient system, adequate procedures and controls.• Responsible for analyzing financial data, extracting and clarifying relevant information to Owner Association Managers.• Lead and facilitated the team in the setup and transition process of new Owner Associations.• Responsible for signing off proposed budgets for approval by Owner Association Manager, Owner Association Board & RERA (Real Estate Regulatory Agency).• Responsible for reviewing and approving month end financial reports and bank reconciliations.• Responsible for interpreting data and financial transactions to determine past financial performance for decision making.• Responsible for reviewing costs and performing cost/benefit analysis related to projects and programs under Premium's portfolio.• Responsible for liaising on admin and finance issues with AMs/FMs, Banks, Escrow agents, Auditors, lawyers, suppliers/service providers, OA Boards & Unit Owners.
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Audit SupervisorCrowe Horwath International Feb 2013 - Feb 2015New York, New York, UsJoined Crowe Horwath as an external auditor and now working in supervisory role specifically for the audits of RERA (Real Estate Regulatory Agency) e.g Owners’ Associations Audit, Escrow Account Audit, Developer audit. Working individually as well as a supervisor on internal audit and financial audits assignments. During my experience in Crowe Horwath, I gained experience of multiple industries including:Financial Audits Major clients included:• John Sisk & Son Constructions• Fortune Group • Petrohouse FZE• Hidayath Stainless Steel• Sheikh Maktoum Real Estate• Prima Gold Jewelers• Hira Industries L.L.C• Al Badiya General Trading• City University College of Ajman• Harley David Son (certification)RERA Audits Major clients included:• Escrow account audits of Citi Bank and UBL.• Developer audit of B&M FZCO, Credo Investments, Aakar Developers• Owners Association (O.A) audits of:a) Elite Residence b) Golden Mile Ic) Golden Mile IId) The North Residence e) Springs @ Oasisf) Emirates Financial Towerg) Botanica Towerh) Jumeriah Business Center 1, 2, 3, 4 & 5i) Armada TowerForensic Audits a) Golden Mile ISupervision Assignments a) Smith & Ken- Accounts Department Supervisionb) Smith & Ken- Payroll The key responsibilities as an auditor included:• Managing the assignments single handedly. • Presenting accounts in board meetings.• Performing financial audits, reviews, and other assurance services.• Supervising and mentoring junior staff.• Designing audit strategies and audit planning for each client.• Developing an understanding of the applicable laws, regulations and compliance issues of the entities.• Understanding the entity’s financial reporting standards, financial reporting procedures, related controls and reporting system.• Understanding and evaluating the entity’s accounting system.• Evaluation & recommendation on internal controls • Evaluating entity’s financial reporting procedures.• ERP implementation. -
AccountantShaukat Khanum Memorial Cancer Hospital And Research Centre Jan 2012 - Feb 2013Lahore, Punjab,, Pk• Collections of revenue, posting relevant entries in Oracle, posting of BRV, CRV and BPV. Depositing all the clinical income and donations to the banks.• Preparing daily department vise collections report for management review. • Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.• Explain billing invoices and accounting policies to staff, vendors and clients.• Resolving accounting discrepancies.• Recommend, develop and maintain financial data bases, computer software systems and manual filing systems.• Co-ordination with internal and external auditors in completing financial audits.• Assisting Deputy manager in the payroll area.• Employee medical reimbursements , Employee advances • Advance tax returns. -
Cost Control ExecutiveShaukat Khanum Memorial Cancer Hospital And Research Centre Aug 2011 - Jan 2012Lahore, Punjab,, Pk• Controlling hospital expenses. • Creating cost reports an and reporting to cost controller. • Analyzing budgeted and actual expenses and coordinating with the concerned departments for the variances..• Enforcing the predetermined budgets and following the process of additional expenditure approvals. • Creating financial reports and tracking current spending in relation to the overall budget, and then presenting these to management and the accounts department.
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Supply Chain OfficerShaukat Khanum Memorial Cancer Hospital And Research Centre Aug 2010 - Aug 2011Lahore, Punjab,, Pk• Developed a complete Inventory Management System for the entire inventory of the hospital which automatically tells danger levels, minimum levels, maximum levels and re-order levels of inventories. I got a Shield for developing this system for the hospital.• Managing complete operations of the inventories of three stores that are Radiology store, Stationary store, and MPR (misc.) items.• Responsible for ISO audit for my stores.
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Audit TraineeHassan Naeem & Co Jul 2009 - Aug 2010PkJoined Hassan Naeem & Co. (UHY) in July 2009 as audit trainee and worked till August 2010. During this time I worked on the following assignments:• Internal audit of Salt & Pepper Grill Restaurant• External audit of Pakistan School of Fashion Design• Support auditor for various small assignments
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons Skills
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons Education Details
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IcaewAccounting And Finance -
AccaAuditing
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Oxford Brookes UniversityAccounting And Finance
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UaecaChartered Accountant (Ca)
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Pakistan Institute Of Public Finance AccountantAccounting And Finance
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University Of The PunjabMaster Of Commerce (M.Com)
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University Of The PunjabEducation
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AccaAccounting And Finance
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IcaewAccounting And Finance
Frequently Asked Questions about Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons
What company does Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons work for?
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons works for Asayel Investment Llc.
What is Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons's role at the current company?
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons's current role is Chief Financial Officer | Group CFO | Real Estate Investment | Familly Office | Capital Markets | Portfolio Investments | IPO | M&A Expert | SAP | Fintech Expert | FP&A.
What schools did Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons attend?
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons attended Icaew, Acca, Oxford Brookes University, Uaeca, Pakistan Institute Of Public Finance Accountant, University Of The Punjab, University Of The Punjab, Acca, Icaew.
What skills is Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons known for?
Nabil Shaukat Butt - Fcca, Aca, Afpa, Mcom, Bsc Hons has skills like Auditing, Variance Analysis, Powerpoint, Tally Erp, Xero, Accounting, Financial Forecasting, Financial Planning, Microsoft Powerpoint, Tax, Financial Modeling, Managerial Finance.
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