Abdul Rauf ACA, FCCA
Financial Planning and Analysis Manager at Bin Quraya- Claim this Profile
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English Professional working proficiency
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Urdu Native or bilingual proficiency
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Sindhi Native or bilingual proficiency
Topline Score
Bio
Credentials
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Chartered Accountant
ICAEWNov, 2019- Nov, 2024 -
Certified Company Secretary
Institute of Corporate Secretaries of PakistanDec, 2011- Nov, 2024 -
Chartered Certified Accountant
ACCAOct, 2010- Nov, 2024 -
Certified Accounting Technician
ACCAAug, 2008- Nov, 2024 -
Corporate Financial Statement Analysis
Continued Learning at LinkedIn -
Financial Modeling and Forecasting Financial Statements
Continued Learning at LinkedIn -
Strategic Planning
Continued Learning at LinkedIn
Experience
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Bin Quraya
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Saudi Arabia
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Construction
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300 - 400 Employee
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Financial Planning and Analysis Manager
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Feb 2022 - Present
Responsibilities: 1. Working closely with the senior management to formulate medium to long term financial and strategic plans. 2. Provide insights to senior management around financial modelling, forecasts and profitability. 3. Analyzing financial and operational results to better understand company performance. 4. Work closely with Business Unit heads to build their annual budgets and forecasts. 5. Provide detailed analysis and commentary on cost center results. 6. Evaluating previous budgets, expenditures to develop and implement future budgets. 7. Managing a team of Financial and Business Analysts.
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Hamdan Trading Group
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Oil and Gas
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1 - 100 Employee
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Finance Manager
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Feb 2018 - Mar 2022
Achievements:1) Designed and implemented vibrant costing and pricing system to maximize revenue targets and profit margins % which increased sales by 10% with positive profit trend.2) Implemented quarterly budget monitoring system of all functions (sales, procurement, operation, HSE, workshop, administration) resulted in to expense reduction of 15% last quarter.3) Value added to management decision making process by designing comprehensive financial and operational performance reporting framework for major projects and contracts.4) Introduced strong credit control and collection system with recovery ratio 90% of monthly revenue. Achieved extended credit facility with key suppliers from 60 to 90 to support liquidity management.5) Negotiated credit facility for new projects at favorable terms.6) Acting as a member of Resources restructuring plan committee to optimize cost saving and improve business efficiency to counter the adverse effect of covid-19 and drop in oil prices.Responsibilities:1) Heading finance functions, determining financial objectives, designing and implementing system, policies and procedures to facilitate internal financial controls.2) Managing Timely and accurate Financial Reporting in accordance with IAS/IFRS to senior Management of group. 3) Budgeting and designing cost control measures and strategies.4) Managing Accounting department consisted of AR/AP/Budgeting/Banking/Treasury functions.5) Leading Costing department involving costing and pricing of long term projects, call out projects and ad-hoc based jobs of significant value and manage project wise performance reporting to management.6) Efficient working capital management and dealing with banks & financial institutions for short/medium and long term financing arrangement and managing loans settlement.7) Work closely with tax consultants for maximizing tax saving by implementing tax saving plans.
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Chief Accountant
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Oct 2015 - Jan 2018
Achievements:1) Started customer credit evaluation system to avoid risk of bad debts and slow paying customers.2) Introduced monthly MIS highlight system covering wide range of business and operational areas in addition to financial results. 3) Developed and streamlined AP/AR/cash management process of the division.4) Introduced efficient overhead allocation system to report correct financial performance of projects.Responsibilities:1) Preparation of Financial statements and project wise performance report on monthly basis.2) Review and approve posting of all accounting transaction in ERP system.3) Reconciliation of income and expense ledger accounts on monthly basis.4) Ensuring efficient collection system and approve all types of payments to suppliers.5) Managing sizable team of accounting staff.
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National Refinery Limited
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Pakistan
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Oil and Gas
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700 & Above Employee
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Financial Accountant
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Dec 2011 - Sep 2015
Achievements: 1) Worked as power user of accounting department in the successful implementation of SAP ECC-6. 2) Designed customer and supplier invoice management and tracking system for better control. 3) Introduced weekly investment return report for treasurer of the company. 4) Introduced fortnightly cash flow projection for better liquidity and fund management. Responsibilities: 1) Preparing fortnightly cash flow projection for better liquidity and fund management. 2) Preparing monthly statement of investment return for the treasurer. 3) Preparing Bank Reconciliation statements. 4) Verify and make all types of payments. 5) Preparing sales tax and withholding tax statement.
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Education
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2016 - 2019
Institute of Chartered Accountants in England and Wales
Chartered Accountant, Accounting and Finance -
2008 - 2010
ACCA
Chartered Certified Accountant, Accounting and Finance -
2015 - 2021
CFA Institute,USA.
Level 2 candidate for CFA program., Finance and Financial Management Services -
2011 - 2012
Institute of Corporate Secretaries of Pakistan
CS (Corporate Secretary member), Banking, Corporate, Finance, and Securities Law -
2015 - 2015
The Higher Education Commission of Pakistan.
M.COM, Accounts-Finance-Tax. -
2007 - 2010
University of Karachi
Bachelor of Commece, Accounts,Economics,Management.
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