Muhammad Umar Zafar

Muhammad Umar Zafar Email and Phone Number

CFO at DigiKhata @ DigiKhata
Muhammad Umar Zafar's Location
Lahore District, Punjab, Pakistan, Pakistan
Muhammad Umar Zafar's Contact Details

Muhammad Umar Zafar personal email

About Muhammad Umar Zafar

Senior level Finance & Audit professional with 6+ years post qualification experience in managing and reviewing the financial affairs of large organisations, in compliance with International Financial Reporting Standards (IFRS) and Local Regulations.

Muhammad Umar Zafar's Current Company Details
DigiKhata

Digikhata

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CFO at DigiKhata
Muhammad Umar Zafar Work Experience Details
  • Digikhata
    Chief Financial Officer
    Digikhata Jun 2022 - Present
    Faisalabad, Punjab, Pakistan
  • Parker Russell A.J.S. Chartered Accountants
    Manager Audit And Assurance
    Parker Russell A.J.S. Chartered Accountants Jan 2014 - Jun 2022
    Faisalabad
    Parker Randall – A.J.S. is an independent member firm of Parker Randall International, which is a worldwide organization of independent local and regional firms, having its offices in more than 45 countries.Supervised and finalized financial statements and reviews of various clients from manufacturing, textile processing, hospitality, not for profit organizations and service sector organizations.Performed risk evaluation at entity level and assertion level to determine control weaknesses and designed controls to overcome such weaknesses.Prepared feasibility study of an Supreme Aluminium Industries (pvt) Limited that was approved by two leading financial institutions for provision of Rs. 350 million financing for the said project. Led accounts outsourcing assignments for various clients from different sectors including chemicals, real estate, health and education sectors.Ensured timely delivery of monthly and quarterly accounts of these assignments.Supervising a team of 5 professionals at a large manufacturing concern involved in import and manufacturing of chemicals to be used in textile and paint industries. Responsibilities include • Ensuring timely recording of daily transactions in books of accounts.• Ensuring compliance of International Financial Reporting Standers while recording transactions.• Preparing and presenting monthly and quarterly accounts to the board of directors. • Ensuring proper recording of all import LCs and ancillary cost along with the financing arrangements with different banks for financing imports.• Ensuring compliance of Taxation laws applicable in Pakistan.• Supervising accounts receivable, accounts payable functions and periodic reconciliations with buyers and suppliers.• Supervising fixed asset management to ensure timely recording of assets additions and deletions in fixed asset record and proper calculation of depreciation.• Liaison with external auditors to ensure timely completion of external audits.
  • Ernst & Young
    Senior Audit Associate
    Ernst & Young Apr 2007 - Oct 2013
    Lahore
    Mandatory training under ICAP by-laws for completing Chartered Accountancy certification in Pakistan.During this period performed different assignments including full scope external audits, half yearly review,risk based internal audits, business processes evaluations, development of costing and management reporting system and agreed upon procedures. Worked on these assignments as team member and team leader as well. Supervised and conducted statutory audit of Faisalabad Electric Supply Company Limited ( FESCO), which is one of the largest electricity distribution company in Pakistan with customer base in excess of 3 Millions. Obtained thorough understanding of all the areas including operations, revenue centers, material management, project development and finance department.Designed accounting, operations and human resources policies and procedures manuals for different organisations.

Muhammad Umar Zafar Skills

Accounting And Reporting Auditing Accounting External Audit Financial Accounting Financial Analysis Financial Audits Ifrs Financial Reporting Risk Management Financial Projections Auditing Tools Oracle Ebs

Muhammad Umar Zafar Education Details

Frequently Asked Questions about Muhammad Umar Zafar

What company does Muhammad Umar Zafar work for?

Muhammad Umar Zafar works for Digikhata

What is Muhammad Umar Zafar's role at the current company?

Muhammad Umar Zafar's current role is CFO at DigiKhata.

What is Muhammad Umar Zafar's email address?

Muhammad Umar Zafar's email address is be****@****ail.com

What schools did Muhammad Umar Zafar attend?

Muhammad Umar Zafar attended Institute Of Chartered Accountants Of Pakistan, Government College University, Lahore.

What skills is Muhammad Umar Zafar known for?

Muhammad Umar Zafar has skills like Accounting And Reporting, Auditing, Accounting, External Audit, Financial Accounting, Financial Analysis, Financial Audits, Ifrs, Financial Reporting, Risk Management, Financial Projections, Auditing Tools.

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