Umar Farooq - Aca Email & Phone Number

Ajman

EMIRATES PROPERTIES is a highly regarded, multi-faceted business Group based in UAE. Group’s diversified business portfolio primarily includes businesses such as Real Estate Construction & Development, Facility Management, Rental Management, Hospitality & Leisure. Specific responsibilities for my role include:- Fund management, negotiations with bankers and supervising the project financing.- Monitor and review construction development contracts to ensure project budgets are accurate.- Preparation of Monthly Consolidated Financial Reports and Other Group MIS Reports.- Reviewing the cost base for possible reductions in operational costs continuously.- Participate in the overall process of management and decision-making within the company to contribute to its long-term development.- Participation in the preparation of company budgets and approvals.- Preparation of variance analysis reports periodically for all the buildings & hotels. - Review and submission of VAT Returns along with detailed VAT Statements. - Prepare information memorandums, reports, and presentations for potential investors.- Reconciliation of Inter-Company, Bank & Trade Creditors/Debtors.- Arranging key insurances to cover the associated risks (PAR, TPL, WC, Group Life and Medical etc.,)- Review of Lease agreements for compliance with the Ajman Real Estate Regulatory Agency (ARRA)- Supervise the Annual Financial Audits and ensure Group Compliance with relevant IFRS.- Managing Cash Flow regularly and Reviewing CAPEX spending vs budget. - Hand-on experience in the implementation of ERP and Facilities Management software.- Representing Finance Team in the contract bidding process for various Construction & Facility management projects.

Dubai - Uae

Crowe Horwath International ranked among the top 10 global accounting networks with more than 140 independent accounting and advisory services firms with 640 offices and nearly 28,000 professionals and staff in more than 100 countries around the world. Specific responsibilities for this role include:- Conducted external audits of companies and firms in accordance with international standards on auditing.- Group audit of consolidated financial statements of multinational companies as per ISA.- Individually handled accounts of many multinational companies, firms & concerns till finalization.- Agreed upon Procedures Engagements, Forensic assignments and on-demand Certificates.- Carried out internal control audits in various organizations. Monthly reporting on internal controls and performances to the management of the client.- Rejuvenated finance and IT processes and introduced new standard operating procedures which eradicated the risk of duplication, and reduced errors and month-end reporting. - Spearheaded the design and implementation of effective internal controls at the organization level regarding budget analysis and forecasting, inventory, receivables, payables and other financial transactions.- Monitoring and evaluating the effectiveness of the organization's risk management processes.- Took part in training clients on various issues related to finance accounts and internal controls.

Lahore - Pakistan

Nishan (Private) Limited is an emerging company executing a diverse portfolio of construction projects in various sectors Retail and infrastructure. Specific responsibilities for this role include:- Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements. Ensure compliance with accounting standards and regulatory requirements.- Develop and manage budgets in collaboration with other departments. Forecast future financial performance based on analysis of past data and current trends.- Manage cash flow to ensure the organization has adequate liquidity to meet its operational needs and financial obligations. Monitor cash flow forecasts and optimize cash utilization.- Develop tax strategies to minimize tax liabilities while ensuring compliance with tax laws and regulations. Coordinate with tax advisors and authorities as necessary.- Communicate financial information and insights effectively to stakeholders, including senior management, board of directors, investors, and external auditors. Interpret financial data clearly and concisely.- Build and maintain relationships with banks, financial institutions, investors, and other external partners to support the organization's financial objectives and facilitate access to capital.

Lahore, Punjab, Pakistan

The origins of Riaz Ahmad & Company stretch back as far as 1956 and, through successful growth; the firm today is a strong and independent practice with four offices in Pakistan and a member of "Nexia International". Specific responsibilities for this role include:- Successfully managed audits of listed & unlisted companies, partnerships, limited companies, and non-profit organizations. Maintained excellent client relationships and presented a favorable impression of the firm. Key industries include Textile, Sports, Energy, E-commerce, Retail & Fashion, Agriculture, and Banking sectors.- Income Tax and Sales Tax Audits of proprietary concerns, firms, and companies.- Preparing Income Tax Returns and Tax deducted at source returns.- Prepared financial & taxation models and proposed investments to the clients.- Performed due diligence for the clients’ business processes resulting in improving the value of companies.- Identified red areas with no appropriate controls and passed recommendations for weaknesses noted to improve operational efficiencies.- Spearheaded various ongoing internal audit assignments and reported periodically on the same.

Associate Chartered Accountant, Accounting And Finance, Aca

CA degree program duration 8 years of quality study in accounting, finance and management.

Bachelor Of Commerce (B.Com.), Accounting And Business/Management

Enterprise Risk Assesment, Accounting And Finance

Activities and Societies: IMFx VITARA-ERMVITARA - Enterprise Risk Management