Shaikh Muzaffar Javaid Email and Phone Number
Chief Financial Officer (CFO)As the CFO of a plastic manufacturing company, oversee all financial activities, including financial planning, reporting, and strategy development. My responsibilities include managing the company's financial risks, preparing financial statements, forecasting, and ensuring compliance with financial regulations. Play a key role in long-term financial planning, advising on investments, and cost-saving initiatives. Leadership in finance ensures that the company remains financially stable and grows strategically.Virtual CFO ConsultantAs a Virtual CFO, provide remote financial management services to small and medium-sized enterprises (SMEs) that require CFO-level expertise but do not need a full-time, in-house professional. Offer services such as financial analysis, budgeting, forecasting, cash flow management, strategic planning, and risk management. By working with businesses on a flexible basis, help them optimize their financial operations, improve profitability, and make informed decisions—all while reducing overhead costs. apply extensive experience across diverse industries.Financial Strategy ExpertWith a deep understanding of both day-to-day finance operations and long-term financial strategy, craft financial roadmaps that align with company goals. This includes analyzing financial data to make recommendations that drive growth, efficiency, and profitability. helps businesses navigate complex financial decisions, ensuring they are prepared for both short-term needs and future growth.Process Automation & SOP SpecialistSpecialize in streamlining financial processes and developing Standard Operating Procedures (SOPs) to improve efficiency across financial operations. Helps organizations reduce manual errors, enhance compliance, and optimize workflows.Leadership in Multinational & SME SectorsSuccessfully led financial operations in both multinational corporations and small-to-medium enterprises (SMEs), demonstrating adaptability and leadership in diverse environments. This includes overseeing the financial management of branches across the UAE, Egypt, Qatar, and the USA. Ability to navigate complex financial landscapes while delivering results in diverse cultural and regulatory settings.Middle East ExperienceWith over 12 years of experience in the Middle East, Developed a strong understanding of the region’s unique financial landscape. This includes managing financial operations for multinational companies in high-growth sectors, across the UAE, Egypt, and Qatar.
Royal Industries
View- Website:
- casablanca-inversiones.business.site
- Employees:
- 1
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Chief Financial OfficerRoyal IndustriesKarachi, Pk
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Chief Financial OfficerRoyal Industries Jun 2022 - PresentKarāchi, Sindh, Pakistan Provide an accurate and timely financial service including setting and monitoring of budgets, forecasts, cash flow analysis, management and financial accounts and advice & support to inform decision making at all levels. Responsible for the day-to-day operations of the treasury department, including managing bank accounts, tracking cash flow, and issuing cheques. Responsible for tracking and managing all liability movements, such as accounts payable, accrued expenses, and deferred revenue, ensure that all payments to suppliers are made on time and in accordance with their agreed-upon credit terms. Monitor and manage cash flow to ensure that there are sufficient funds to cover all expenses and liabilities. Responsible for tracking and managing all accounts receivable, including the aging of receivables, customer payments, and write-offs, Work closely with the sales and recovery team to collect payments from customers Heading day-to-day operations of the company stores, including inventory management, procurement, and distribution, Manage the procurement process to ensure that materials are purchased in a timely and cost-effective manner. Monitoring monthly closing, preparation and review of various quarterly, semi-annual, annual and ad-hoc deliverables, TAX and other regulatory filing. Responsible for reviewing financial data from the receivables, payables, treasury, stores, and online departments of the company, make recommendations to improve financial performance and ensure that the company is operating within budget. Oversee the reporting structure and information flow across all departments, ensuring that all required information is captured and presented in a timely and accurate manner to meet the needs of senior management. Consult with management to guide and influence long term and strategic decision making within the broadest scope. -
Finance ManagerRoyal Industries Jun 2021 - Jun 2022Finance Manager Job Description (Plastic Manufacturing Company)Summary:We are seeking a driven and experienced Finance Manager to oversee the financial operations and reporting of our plastic manufacturing company. You will be responsible for leading a team, ensuring financial accuracy, implementing effective controls, and providing valuable insights to support strategic decision-making. Additionally, you will possess a strong understanding of the specific challenges and opportunities within the plastics manufacturing industry.Responsibilities:Lead and manage the finance team, including:Overseeing day-to-day accounting operations (accounts payable, receivable, payroll, general ledger).Maintaining accurate and up-to-date financial records according to GAAP and relevant industry regulations.Conducting regular financial analysis and providing detailed reports to management.Supervising and mentoring junior finance staff.Develop and manage the annual budget and financial forecasts, collaborating with department heads to ensure realistic and achievable financial projections, considering factors like raw material costs, production volumes, and market trends.Monitor cash flow and implement efficient cash management strategies specific to the plastics industry, such as managing inventory levels and negotiating favorable payment terms with suppliers.Manage financial risks by identifying potential risks specific to plastic manufacturing (e.g., fluctuations in raw material prices, currency exchange rates, and environmental regulations) and implementing robust financial controls.Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements, with a focus on cost analysis and profitability of various product lines.Liaise with external auditors during the annual audit process.
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Group Accounts ManagerSbs Superior Business Solutions Aug 2018 - Aug 2021Dubai, United Arab EmiratesACCOUNTING & COMPLIANCE Consolidation & preparation of Financial Statements and branches financials (USA, Egypt & Qatar). Ensured timely and adequate period end closing and reporting. Managed the accounting and finance team within the department. Responsible to Control the preparation of periodic and year end GL schedules for all balance sheet items and review movement in P&L accounts. Monitored inventory levels, accounts payable and receivables and aging analysis for better controlFINANCIAL ANALYST Consolidate and analyze financial data (budgets, income statement forecasts etc) taking into account company’s goals and financial standing. Provide creative alternatives and recommendations to reduce costs and improve financial performance. Assemble and summarize data to structure sophisticated reports on financial status and risks Develop financial models, conduct benchmarking and process analysis. Conduct business studies on past, future and comparative performance and develop forecast models Identify trends, advise company and recommend actions to a senior financial analyst based on sound analysis REPORTING TO CFO/ COORDINATION Monthly reporting to CFO/DIRECTOR with various management reports and analyses e.g. (actuals vs budgets, rolling forecasts, Ratio analysis, trend and break-even analysis etc).. Provided the business managers with a financial insight into their business’s performance – profit and loss. Liaised with departmental managers, providing support on finance related matters; dealing with queries and issuing procedures Prepared and developed of business KPIs and follows up the efforts to adhere to them and improve the overall performance. Worked closely with customers and suppliers in managing the financial relationshipReporting and Analysis. -
Accounts ManagerSbs Superior Business Solutions Feb 2016 - Jul 2018Dubai, United Arab EmiratesLead and manage the finance team, including:Overseeing day-to-day accounting operations (accounts payable, receivable, payroll, general ledger).Maintaining accurate and up-to-date financial records according to GAAP and relevant regulations.Conducting regular financial analysis and providing detailed reports to management.Supervising and mentoring junior finance staff.Develop and manage the annual budget and financial forecasts, collaborating with department heads to ensure realistic and achievable financial projections.Monitor cash flow and implement efficient cash management strategies.Manage financial risks by identifying potential risks and implementing robust financial controls.Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements.Liaise with external auditors during the annual audit process.Stay up-to-date on relevant accounting standards and regulations (e.g., GAAP, IFRS) and the evolving IT service industry trends.Develop and implement financial policies and procedures to ensure effective financial management practices.Collaborate with other departments (e.g., sales, marketing, operations) to provide financial insights and support business planning.Communicate effectively with stakeholders at all levels, providing clear and concise financial information.
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Senior AccountantSbs Superior Business Solutions Jan 2014 - Jan 2016Dubai, United Arab EmiratesManage the accounting functions for the IT service company, including:Accounts payable and receivablePayroll processingGeneral ledger accountingFixed asset managementBank reconciliationsFinancial reporting (monthly, quarterly, and annual)Prepare and analyze financial statements, including the balance sheet, income statement, and cash flow statement.Assist with budgeting and forecasting, including collaborating with department heads to develop realistic and achievable budgets.Perform variance analysis to identify areas of spending that require further attention or optimization.Maintain internal controls to ensure the accuracy and security of financial data.Coordinate with external auditors during the annual audit process.Stay up-to-date on relevant accounting standards and regulations, including GAAP and industry-specific regulations.Utilize accounting software (e.g., QuickBooks, Xero) and other relevant IT systems efficiently and accurately.Provide financial reports and analysis to management to support business decision-making.Maintain open communication with all departments regarding financial matters.May supervise or mentor junior accounting staff.
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Chief AccountantAlfa Energy Group Apr 2012 - Nov 2013Karachi, Pakistan• Direct and manage the preparation of financial strategy for all aspects of the Finance function including treasury, accounting, and financial planning and cost and cash management. • Responsible for monitoring the activities of the accounting, reporting, financial analysis and Treasury functions with the aim to ease the workflow and assist in speedy management decisions. • Monitor and supervise the finance standards, policies and procedures to ensure implementation for all departments and compliance with internal and external auditor requirements. • Responsible for Periodically reviews internal controls over accounting and financial policies and procedures ensure the compliance of all policies and procedures within the finance department. • Responsible for monitoring the activities of the accounting, reporting, financial analysis and Treasury • Perform Project wise Budget in the light of Project Program, Consolidated Budget & Quarterly Business Forecasting (Rollover Budget) • Project monthly review with PM including the actual review and the forecast updating. Perform financial analysis report against budget and forecast, including but not limited to the revenue and cost variance analysis, cash flow and the risk identification. • Preparation of periodic standalone / consolidated financials along with the preparation of Annual Budget of the Company • Looking after all Income Tax & Sales Tax related matters of Company. -
Senior AccountantElite Insurance Brokers Jul 2010 - May 2011Dubai, Uae.Heading Accounts department and verifying records and registrations.Preparation of financial planning, including latest estimates, forecasts, budgets and AD hoc reports for the project.Timely and accurate production of key financial statements including P & L, balance sheet and Cash Flows.Directing workflow, supervise and train accounting staff performing posting to General Ledger, Account receivable and payable accounts.Lead the day to day operations with regard to management accounting, financial accounting and treasury functions for the company and to establish the related controls & procedures.Liaison with banks and financial institutions for credit limits for the company. Management of receivables processes to ensure timely collection and payment of monies in accordance with the terms of trade.Dealing in routine Accounting matters including checking of all Vouchers.Preparing daily Cash & Bank position and manage receipts Providing high quality Management information that will act as key enabler for effective decision-making. -
Consultant Accountant / AuditorJitendra Consulting Group Jul 2007 - Jul 2010Dubai, Uae.-Prepare audit planning documents (audit program, audit objectives, audit scope and audit methodology) for audit assignment to ensure effective implementation of audit plan. Audit Planning -Ensure that audit engagements are performed in a systematic, disciplined approach and with proficiency and due professional care.-Perform field work as per audit plan and ensure that audit assignment is completed on timely basis and as per audit plan.-Maintain audit work papers and sufficient evidence for the reported observations as per best practices and standards.-Maintain a continuous and effective working relationship with audit team and managements of the business units/head office.-Prepare audit reports to ensure correctness & quality of the audit observations.-Follow up of management responses and finalization of report.-Assist HOD or other team member in carrying out planning, other assignments and various departmental affairs. -
Assistant Manager Internal AuditReliance General Insurance Feb 2006 - May 2007Karachi Pakistan -
Ca - ArticleshipKreston International Jan 2003 - Jan 2006Karachi, Pakistan
Shaikh Muzaffar Javaid Education Details
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Accounting And Finance -
Accounts And Management
Frequently Asked Questions about Shaikh Muzaffar Javaid
What company does Shaikh Muzaffar Javaid work for?
Shaikh Muzaffar Javaid works for Royal Industries
What is Shaikh Muzaffar Javaid's role at the current company?
Shaikh Muzaffar Javaid's current role is Chief Financial Officer.
What schools did Shaikh Muzaffar Javaid attend?
Shaikh Muzaffar Javaid attended Institute Of Management Accountants Usa, The Institute Of Chartered Accountants Of Pakistan, Karachi University.
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