Ahsan Nazir, ACCA, CISA, CPA, CGA

Senior Finance Manager at Floward
  • Claim this Profile
Contact Information
us****@****om
(386) 825-5501
Location
Saudi Arabia, SA
Languages
  • English Native or bilingual proficiency
  • Urdu Native or bilingual proficiency
  • Arabic Elementary proficiency
Skills

Topline Score

Topline score feature will be out soon.

Bio

Generated by
Topline AI

You need to have a working account to view this content.
Join now
You need to have a working account to view this content.
Join now

Credentials

  • ACCA
    ACCA
  • CISA
    ISACA

Experience

  • Floward
    • Saudi Arabia
    • Technology, Information and Internet
    • 500 - 600 Employee
    • Senior Finance Manager
      • Jun 2023 - Present

      Working as Sr. Finance Manager – KSA in Floward Company. Floward is e-commerce business established in 2019 in KSA with operations across all GCC, Jordan, Egypt and UK.Reporting directly to Group CFO.

    • Corporate and Business Finance Manager - KSA
      • May 2022 - Jun 2023

      Working as Corporate and Business Finance Manager – KSA in Floward Company. Floward is e-commerce business established in 2019 in KSA with operations across all GCC, Jordan, Egypt and UK.Reporting directly to Head of Finance.

  • Food Gate
    • Saudi Arabia
    • Food and Beverage Services
    • 100 - 200 Employee
    • Financial Controller
      • Feb 2020 - May 2022

      Working as a Financial Controller (Reporting to Group CFO, Devision CFO & GM Division), my responsibilities include: Responsible for the integrity of all financial information & consolidation and its eventual reporting to Group Cfo, Comapany CFO and Division GM. Ensure all books are according to the IFRS and full fill the requirement of local laws. Suggest the change in accounting policy as per new IFRS. Improve the company's financial performance through monitoring of the business process and developing and enforcing internal controls within these processes. Conducting monthly and weekly operational meeting to discus the current status of the business with future outlooks. Acting as a business co-pilot by providing financial, commercial, and strategic support to the other departments. Ensure compliance with the company accounting standards, Saudi local statutory reporting standard and International Financial reporting standard. Strict implementation of Policy and Procedure implementation to adhere to Company Finance manual. Designing effective budget models for departments and the entire company. Identify variances between actual and budgeted financial results at the end of each reporting period. Suggest spending improvements that increase profits. Assisting in Projects evaluation based on financial & non-financial factors and with the application of different performance evaluation methods according to the suitability of circumstances. Ensure department managers meet budget submission deadlines. Design and implement effective budgeting policies and procedures. Analyzing financial information (e.g. revenues, expenditures, and cash management) to ensure all operations are within budget. Presenting annual budgets to senior management. Review sales channel performance, pricing concerning these channels, product profitability and cost-related issues. Preparing and controlling the annual and monthly roll forward budgets (dynamic forecasts) and ad-hoc analysis. Show less

  • Rolaco Trading & Contracting Holding
    • Saudi Arabia
    • Wholesale
    • 1 - 100 Employee
    • Financial Controller
      • Jul 2018 - Jan 2020

       Responsible for the integrity of all financial information & consolidation and its eventual reporting to CEO, CFO and Division GM. Strict implementation of Policy and Procedure implementation to adhere Company Finance manual. Assisting in Projects evaluation on the basis of financial & non-financial factors and with application of different performance evaluation methods according to the suitability of circumstances. Acting as a business co-pilot by providing financial, commercial and strategic support to the other departments.  Review sales channel performance, pricing with respect to these channels, product profitability and costing related issues. Participating in monthly demand meeting to minimize the stock to its optimal level. Preparing and controlling the annual and monthly roll forward budgets (dynamic forecasts) and ad-hoc analysis.  Performing variance analysis and statistical data for senior management to be presented to the board.  Improve the company's financial performance through monitoring of business process and developing and enforcing internal controls within these processes.  Ensure compliance with the company accounting standards, Saudi local statutory reporting standard and International Financial reporting standard. Coordinating with the external auditor, zakat & tax consultants. Developing and monitoring of KPIs to measure departmental performances. Handling of vat return and review of vat report to submit vat authority. Overseeing all aspects of Finance and Accounting operations.  Daily working capital management Responding to all queries made by Internal audit (quarterly). Other responsibility: Acting in-charge during the absence of GM and assist CEO for his requirements. Assisting General Manager for forecasting and improving different departmental performance Assisting General Manager in day to day operations and process of business. Show less

    • Chief Accountant
      • Aug 2017 - Jun 2018

       Preparation of monthly financial statements i.e. Profit & loss and Balance sheet in accordance with the International Financial Reporting Standards and SCOPA. Calculation of input, output vat and preparation of vat report to submit vat authority.  Provides Calculation and Zakat payable to Tax Consultants for release letters from DZIT in relation to government deals. Approves the delivery of all the Prime Products (Cranes, Forklifts, Trucks and Buses etc.) after verifying the contracts. Checking and posting of prime product deliver orders and invoices after due care.  Posting of all the GL vouchers and payment vouchers from all over the Kingdom. Preparation of Forex Transactions and Forward Rate Deals and there reconciliations. Ensuring that all the expenses for the period are considered and recorded. Monitoring of all bank Loan transactions are for the month are recorded and reconcile. Maintenance of Fixed assets vouchers, runs monthly depreciation and their accuracy of allocation. Reconciliation for Banks, Payables, Receivables, SRVs and products, Accruals, and prepayments are done. Quarterly stock taking & quantitative reconciliations of stock Finalization of stock valuation. Correspond with External Auditors for the Division in relation to annual Audit (end to end audit).Other responsibility: Assisting Group CFO in the absence of Group Head of Accounting. Assisting Group Head of Accounting in other companies on monthly closing, Zakat and External Audit for the Group. Assisting Business Controller in day to day operations in relation to Accounting and Finance. Training of new accounting staff who joins the Group. Assisted IT in the implementation of new ERP system for Division. Show less

    • Senior Accountant
      • Jan 2016 - Aug 2017

       Assist Chief Accountant in preparation of monthly financial statements in accordance with the International Financial Reporting Standards and SCOPA.  Assist in Providing Calculation and Zakat payable to Tax Consultants for release letters from DZIT in relation to government deals. Preparing of all the GL vouchers and payment vouchers from all over the Kingdom. Preparing of Forex Transactions and Forward Rate Deals and there reconciliations. Recording of all Loan transactions for the month and its posting. Carry out Bank Reconciliation for all the bank accounts, investigating any unusual items and preparing them for review by the Finance Manager. Preparing of Fixed assets vouchers and maintaining the Fixed Asset Register. Assist in monthly running in depreciation and verification of the cost centers. Prepares the reconciliation for Banks, Payables, Receivables, SRVs and products, Accruals, and prepayments. Supervision of quarterly stock taking & quantitative reconciliations of stock Finalization of stock valuation. Show less

  • RSM
    • United Kingdom
    • Business Consulting and Services
    • 700 & Above Employee
    • Auditor
      • Aug 2015 - Jan 2016

      Compilation of Annual and Interim Financial statements (Trial Balance, Balance Sheet, Profit & Loss Account, Cash flow Statement) with full disclosures according to the IFRS and statutory framework. Extensive application of the International Financial Reporting Standards (IFRS's) and reviewing financial statements to ensure compliance therewith. Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs. Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation. Completes audit work papers and memoranda by documenting audit tests and findings. Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports. Improves protection by recommending changes in management monitoring, assessment, and motivational practices, in the internal control structure, and in operating processes; identifying root causes. Perform qualitative and quantitative analyses. Create flowcharts and graph information. Prepare and analyze spreadsheets to identify specific internal control weaknesses or operational inefficiencies. Conduct statistical analyses. Prepare working papers with limited guidance and provide input for internal review exception reports in accordance with established Internal Review policies, procedures, and documentation standards. Provide Book keeping services and conduct Cost Audits and Internal Audit assignments which included Revenue Reconciliations, Receivables and Payables Reconciliations, System Audit etc. Show less

  • Rafqat Hussain & Co.
    • Pakistan
    • Accounting
    • 1 - 100 Employee
    • Audit Senior
      • Jan 2014 - Feb 2015

      Compilation of Annual and Interim Financial statements (Trial Balance, Balance Sheet, Profit & Loss Account, Cash flow Statement) with full disclosures according to the IFRS and statutory framework.Extensive application of the International Financial Reporting Standards (IFRS's) and reviewing financial statements to ensure compliance therewith.Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs.Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.Completes audit work papers and memoranda by documenting audit tests and findings.Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports.Improves protection by recommending changes in management monitoring, assessment, and motivational practices, in the internal control structure, and in operating processes; identifying root causes.Perform qualitative and quantitative analyses. Create flowcharts and graph information. Prepare and analyze spreadsheets to identify specific internal control weaknesses or operational inefficiencies. Conduct statistical analyses. Prepare working papers with limited guidance and provide input for internal review exception reports in accordance with established Internal Review policies, procedures, and documentation standards.Provide Book keeping services and conduct Cost Audits and Internal Audit assignments which included Revenue Reconciliations, Receivables and Payables Reconciliations, System Audit etc. Show less

    • Audit Trainee
      • Sep 2013 - Dec 2013

      Compilation of Annual and Interim Financial statements (Trial Balance, Balance Sheet, Profit & Loss Account, Cash flow Statement) with full disclosures according to the IFRS and statutory framework.Extensive application of the International Financial Reporting Standards (IFRS's) and reviewing financial statements to ensure compliance therewith.Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs.Assesses compliance with financial regulations and controls by executing audit program steps; testing general ledger, account balances, balance sheets, income statements, and related financial statements; examining and analyzing records, reports, operating practices, and documentation.Completes audit work papers and memoranda by documenting audit tests and findings.Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports.Improves protection by recommending changes in management monitoring, assessment, and motivational practices, in the internal control structure, and in operating processes; identifying root causes.Perform qualitative and quantitative analyses. Create flowcharts and graph information. Prepare and analyze spreadsheets to identify specific internal control weaknesses or operational inefficiencies. Conduct statistical analyses. Prepare working papers with limited guidance and provide input for internal review exception reports in accordance with established Internal Review policies, procedures, and documentation standards.Provide Book keeping services and conduct Cost Audits and Internal Audit assignments which included Revenue Reconciliations, Receivables and Payables Reconciliations, System Audit etc. Show less

  • Ideal college of Computer science and commerce
    • Lahore
    • Accountant
      • Mar 2011 - Aug 2012

      Preparation of monthly, Quarterly, Half Yearly and Annual Statement of Financial Position (Balance Sheet), Statement of Income, Statement of Cash flows and changes in financial position/budget variance analysis. To ensure proper accounting of the company in accordance with IFRS, including monthly and quarterly close, reconciliation of certain balance sheet accounts, certain monthly postings and review, control over fixed assets coding and accounting & Prepare depreciation schedule of fixed assets. Closing Entries for Finalization of Accounts, Cash flow & Balance Sheet Schedule Preparation, Reports (for Supplementing Balance Sheet Accounts Movements & Analysis) Booking for Provisions Entries & Reversals (Revenue, Expenses, Incentives & Agency Expenses) Prepare Profit Centers Wise Cost & Income Reports and monthly analysis. Assist in preparation of Annual Budgets and Performance analysis. Prepare monthly Incentives, Payroll and final settlements, leave settlements & leave encashment for the employees. Prepare Monthly Bank Reconciliation Statements. Prepare MIS reports for management. Responsible for maintaining the petty cash of the company. Responsible for timely and correct processing of all invoices and expense reports, follow up on vendor and invoice queries, performing vendor payments analysis and follow-up. Reconcile Commissions with the Banks and Prepare Invoices for banks & commercial clients. Verification of all banks deposits and posting of receipts. Investigate, resolve or report to the accounting manager any inconsistencies. Manage accounts receivable processes including payments, review, analysis and follow-up. Prepare Audit Documents and details for Audit Files and Assist Auditors during Annual Audit Show less

Education

  • Chartered Professional Accountants of Canada (CPA Canada)
    CPA, CGA, Accounting
    2016 -
  • ACCA
    ACCA, Association of Chartered Certified Accountants
    2010 - 2014
  • ACCA
    Advance Diploma In Accounting And Business, Accounting and Business/Management
    2012 - 2012
  • ACCA
    Certification In Ethics, Applied and Professional Ethics
    2012 - 2012
  • ACCA
    Certified Accounting Technician, Accounting and Finance
    2009 - 2010
  • Oxford Brookes University
    Bachelor of Science (BSc), Accounting and Finance
  • ACCA
  • ACCA

Community

You need to have a working account to view this content. Click here to join now