Abdul Hafeez

Assurance Director at MUBARAK for Accounting, Auditing & Financial Consultancy (MAAFC)
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Contact Information
us****@****om
(386) 825-5501
Location
Karāchi, Sindh, Pakistan, PK

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Experience

    • Assurance Director
      • Apr 2023 - Present

      1. Lead and manage a team, providing guidance and direction for high-quality service delivery. 2. Conduct complex audit engagements, evaluate internal controls, and ensure compliance with regulations and accounting standards. 3. Offer strategic guidance to clients, improving operational efficiencies and financial reporting accuracy. 4. Build strong client relationships, serving as a trusted advisor and collaborating with cross-functional teams. 1. Lead and manage a team, providing guidance and direction for high-quality service delivery. 2. Conduct complex audit engagements, evaluate internal controls, and ensure compliance with regulations and accounting standards. 3. Offer strategic guidance to clients, improving operational efficiencies and financial reporting accuracy. 4. Build strong client relationships, serving as a trusted advisor and collaborating with cross-functional teams.

    • Saudi Arabia
    • Software Development
    • 1 - 100 Employee
    • Financial Services Consultant
      • 2018 - 2023

      1. Develop and troubleshoot modules related to contribution analysis, costing, inventory, and CRM. 2. Advise clients on planning income tax, sales tax, and POS integration. 3. Create and implement various dashboards for sales, purchase, inventory, and financial analysis. 4. Serve as a key consultant for renowned clients, ensuring their business needs are met. 1. Develop and troubleshoot modules related to contribution analysis, costing, inventory, and CRM. 2. Advise clients on planning income tax, sales tax, and POS integration. 3. Create and implement various dashboards for sales, purchase, inventory, and financial analysis. 4. Serve as a key consultant for renowned clients, ensuring their business needs are met.

    • Pakistan
    • Pharmaceutical Manufacturing
    • 100 - 200 Employee
    • Head Of Finance
      • Nov 2017 - Aug 2018

      1. Develop and monitor monthly cash flow budget, ensuring optimal cash management. 2. Analyze accounts receivable and improve cash collection processes. 3. Contribute to sales growth strategies and negotiate with banks for financial arrangements. 4. Prepare and present reports to the board of directors. 1. Develop and monitor monthly cash flow budget, ensuring optimal cash management. 2. Analyze accounts receivable and improve cash collection processes. 3. Contribute to sales growth strategies and negotiate with banks for financial arrangements. 4. Prepare and present reports to the board of directors.

    • Pakistan
    • Pharmaceutical Manufacturing
    • 200 - 300 Employee
    • General Manager Finance
      • Sep 2015 - Nov 2016

      Responsible for finance, accounting, investments, asset/ liability management, acquisitions, strategic planning for a group of companies with diverse portfolio of products range which include allopathic medicine, nutraceuticals and medicated soaps. Successful implementation of Enterprise Resource Planning at group level and close of old system. Preparation and presentation of financial statements and annual budget of the company. Prepared and presented Project Feasibility analysis of nutraceuticals plant which also include acquisition of soft gelatin plant and arrangement of finances from the bank for the project. Designed and implemented costing system which involved various products and SKUs. Implementation of various polices like Provident fund, vehicle, healthcare and group life insurance. Planned and executed acquisition of departmental stores and supervise implementation of ERP. Show less

    • Pakistan
    • Alternative Medicine
    • 200 - 300 Employee
    • GM Finance
      • 2010 - 2015

      Responsible for finance, accounting, investments, asset/liability management, acquisitions, strategic planning for a multi-location geographically diverse company winner of Best Export Performance Award from FPCCI in herbal medicine since last ten consecutive years, dealing in multitier products in the range of Herbal, allopathic medicine, creams, ointments, red syrup etc. Obtained sales tax refunds from FBR in the tune of 100 million during last four years and availed duties exemptions amounting to Rs. 450 million during last four years under DTRE and SRO 492. Planned and execute acquisition of allopathic manufacturing factory in Islamabad and obtained financing from a bank for above acquisition to the tune of Rs. 150 million Successfully converted oracle based in-house build ERP system to SAP in the record period of seven months. Planned and execute subsequent rollout of SAP in our Lahore and Islamabad factories. Preparation and presentation of quarterly and yearly management accounts, annual budgets to the board of directors. Designed and implemented costing system which involved 40 products and 200 SKUs which involve creation of recipe and linking it with supply chain, QC, production and logistics. Defined standard costing including, creation of cost and revenue center and charging of all costs at SKU levels including marketing cost to calculate profitability of product. Dealt with costing of Toll Manufacturing and analyzing of agreements for financial clauses on Toll Manufacturing. Prepared and presented profitability analysis of sales which include profits at current prices, profit at suggested prices and recommendations for discontinuation of heavy loss making products where price increase or reduction of direct cost is not feasible. Prepared and presented three year Project Feasibility analysis of allopathic segment of the company to the board of directors Show less

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Manager
      • 2007 - 2010

      • Responsible for a team of professionals to deliver quality audit service to top tier clients in the Insurance industry utilizing the firms analytical tools and practice methodologies, including annual and financial risk assessment, planning, review by interview, analytical procedures, methods to enhance shareholder value and focused reviews of information systems. This would also include consulting with the National office on technical matters and resolving complex accounting issues from a GAAP and Statutory standpoint. • Ability to manage multiple tasks, be detail oriented, be responsive, and demonstrate independent thought and critical thinking. Must be able to work independently as well as part of a team under aggressive deadlines in a fast-paced environment. • Expected to continue to develop industry and technical expertise in assurance and business advisory areas through written reports and management presentations, manage multiple relationships and ensure customer satisfaction through high quality service deliverables. • Expected to share ideas with other staff and support critical reasoning with proper firm and professional standards. Overall deliverables include ABAS consulting and reporting on financial and non-financial information, SEC issues, annual audits, quarterly reviews, assistance to internal audit departments, develop and maintain strong client relationships/project management, implementation of new technical standards, increase shareholder value and assess and manage risk, recruit/retain/train and develop staff, billable/chargeable hours, revenue generation/ expanded services to solve client’s complex business problems. Show less

    • Professional Services
    • 700 & Above Employee
    • Senior Associate
      • Dec 2005 - Mar 2007

      • Responsible for a team of professionals to deliver quality audit service to top tier clients in the Insurance industry utilizing the firms analytical tools and practice methodologies, including annual and financial risk assessment, planning, review by interview, analytical procedures, methods to enhance shareholder value and focused reviews of information systems. This would also include consulting with the National office on technical matters and resolving complex accounting issues from a GAAP and Statutory standpoint. • Ability to manage multiple tasks, be detail oriented, be responsive, and demonstrate independent thought and critical thinking. Must be able to work independently as well as part of a team under aggressive deadlines in a fast-paced environment. • Expected to continue to develop industry and technical expertise in assurance and business advisory areas through written reports and management presentations, manage multiple relationships and ensure customer satisfaction through high quality service deliverables. • Expected to share ideas with other staff and support critical reasoning with proper firm and professional standards. Overall deliverables include ABAS consulting and reporting on financial and non-financial information, SEC issues, annual audits, quarterly reviews, assistance to internal audit departments, develop and maintain strong client relationships/project management, implementation of new technical standards, increase shareholder value and assess and manage risk, recruit/retain/train and develop staff, billable/chargeable hours, revenue generation/ expanded services to solve client’s complex business problems to position PwC as the premier consultant of choice. Show less

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Associate
      • Sep 2004 - Nov 2005

      • Responsible for a team of professionals to deliver quality audit service to top tier clients in the Insurance industry utilizing the firms analytical tools and practice methodologies, including annual and financial risk assessment, planning, review by interview, analytical procedures, methods to enhance shareholder value and focused reviews of information systems. This would also include consulting with the National office on technical matters and resolving complex accounting issues from a GAAP and Statutory standpoint. • Ability to manage multiple tasks, be detail oriented, be responsive, and demonstrate independent thought and critical thinking. Must be able to work independently as well as part of a team under aggressive deadlines in a fast-paced environment. • Expected to continue to develop industry and technical expertise in assurance and business advisory areas through written reports and management presentations, manage multiple relationships and ensure customer satisfaction through high quality service deliverables. • Expected to share ideas with other staff and support critical reasoning with proper firm and professional standards. Overall deliverables include ABAS consulting and reporting on financial and non-financial information, Secretarial issues, annual audits, quarterly reviews, assistance to internal audit departments, develop and maintain strong client relationships/project management, implementation of new technical standards, increase shareholder value and assess and manage risk, recruit/retain/train and develop staff, billable/chargeable hours, revenue generation/ expanded services to solve client’s complex business problems. Show less

    • Business Consulting and Services
    • 700 & Above Employee
    • Assistant Manager
      • Sep 2002 - Sep 2004

      • Responsible for a team of professionals to deliver quality audit service to top tier clients in the Insurance industry utilizing the firms analytical tools and practice methodologies, including annual and financial risk assessment, planning, review by interview, analytical procedures, methods to enhance shareholder value and focused reviews of information systems. This would also include consulting with the National office on technical matters and resolving complex accounting issues from a GAAP and Statutory standpoint. • Ability to manage multiple tasks, be detail oriented, be responsive, and demonstrate independent thought and critical thinking. Must be able to work independently as well as part of a team under aggressive deadlines in a fast-paced environment. • Expected to continue to develop industry and technical expertise in assurance and business advisory areas through written reports and management presentations, manage multiple relationships and ensure customer satisfaction through high quality service deliverables. • Expected to share ideas with other staff and support critical reasoning with proper firm and professional standards. Overall deliverables include ABAS consulting and reporting on financial and non-financial information, secretarial issues, annual audits, quarterly reviews, assistance to internal audit departments, develop and maintain strong client relationships/project management, implementation of new technical standards, increase shareholder value and assess and manage risk, recruit/retain/train and develop staff, billable/chargeable hours, revenue generation/ expanded services to solve client’s complex business problems. Show less

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Senior Associate
      • Aug 1998 - Sep 2002

      • Responsible for a team of professionals to deliver quality audit service to top tier clients in the Insurance industry utilizing the firms analytical tools and practice methodologies, including annual and financial risk assessment, planning, review by interview, analytical procedures, methods to enhance shareholder value and focused reviews of information systems. This would also include consulting with the National office on technical matters and resolving complex accounting issues from a GAAP and Statutory standpoint. • Ability to manage multiple tasks, be detail oriented, be responsive, and demonstrate independent thought and critical thinking. Must be able to work independently as well as part of a team under aggressive deadlines in a fast-paced environment. • Expected to continue to develop industry and technical expertise in assurance and business advisory areas through written reports and management presentations, manage multiple relationships and ensure customer satisfaction through high quality service deliverables. • Expected to share ideas with other staff and support critical reasoning with proper firm and professional standards. Overall deliverables include ABAS consulting and reporting on financial and non-financial information, Secretarial issues, annual audits, quarterly reviews, assistance to internal audit departments, develop and maintain strong client relationships/project management, implementation of new technical standards, increase shareholder value and assess and manage risk, recruit/retain/train and develop staff, billable/chargeable hours, revenue generation/ expanded services to solve client’s complex business problems. Show less

Education

  • Institute of Chartered Accountants of Pakistan
    Fellow Chartered Accountant, Accounting and Finance
  • Fazaia Intermediate College, Chaklala Rawalpindi
    Higher Secondary School Certificate, Pre-Engineering

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