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Muhammad Asad is a seasoned Chartered Certified Accountant (ACCA) with 15+ years of experience in auditing, financial reporting, and risk management. He has worked with top firms like Grant Thornton, PwC, and Al Yousuf Group, managing audits, financial statements, and internal controls. Asad holds a Bachelor of Applied Science degree from Oxford Brookes University and is fluent in English, Urdu, and Hindi.

Experience

    • United Arab Emirates
    • Retail
    • 100 - 200 Employee
    • Manager Financial Planninig & Analysis
      • Jul 2021 - Present

      General FP&A Function: Preparing monthly, quarterly and yearly management reporting pack (MIS) with trend and budget vs actual variance analysis. Preparing financial forecasts and cash flow projections on regular basis. Performing scenario testing and financial modeling for potential business ventures. Conducting in-depth analysis of financial data to identify trends, risks, and opportunities, contributing to effective business planning. Working closely with senior management to present monthly results, data analysis and findings.Budgeting and Cost Control: Supervising preparation of annual and periodic budget for all automotive entities prepared by the staff. Taking a proactive role in budgeting, forecasting, and variance analysis to optimize financial performance. Identifying cost-saving opportunities and implementing cost control measures to improve profitability. Assessing and managing financial risks, including currency exchange, interest rate fluctuations, product demand and inventory supply pattern.

    • Assistant Manager Financial Reporting
      • Feb 2018 - Jun 2021

       Managed the preparation of Group Consolidated financial statements in compliance with International Financial Reporting Standards and local laws and regulations. Designed and improved accounting policies, procedures, and management reporting packs for the company and its portfolio. Reviewed financial reports and disclosures to ensure accuracy, completeness, and adherence to accounting principles. Stay updated with IFRSs and local laws to ensure financial statements are most updated. Coordinated the annual audit process, liaise with external auditors and the shareholders. Interfaced with shareholders, directors, auditors, and regulatory bodies in UAE to address inquiries and provide financial insights. Supervised staff for books closure, reporting activities, conducted regular training for skill enhancement.

    • United Arab Emirates
    • Accounting
    • 700 & Above Employee
    • Audit Senior
      • Oct 2015 - Dec 2017

       Managed audit teams, plan fieldwork, and execute audit procedures in accordance with auditing standards. Assessed the accuracy and completeness of financial records, identify risks, and provide recommendations for improvement. Interacted with client management to discuss audit findings, resolve issues, and provide advisory services. Supervised and train junior team members, reviewing their work and providing constructive feedback. Ensured audits are conducted in compliance with regulatory requirements and firm policies.

    • Audit Associate
      • Feb 2012 - Sep 2015

       Finalization and review of various statutory financial audits, other assurance and non-assurance engagements at various manufacturing, construction and contracting companies and trading companies. Reviewing client’s financial reporting packs in accordance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Standards (GAAP).

  • PwC
    • Karachi Division, Sindh, Pakistan
    • Audit Trainee
      • Jun 2007 - Dec 2011
      • Karachi Division, Sindh, Pakistan

      ASSURANCE SERVICE: Public accounting, statutory audits and financial reporting engagements with focus on Financial Institutions and NBFIs. Reviewing compliance with applicable Financial Reporting Standards (IFRSs), local corporate laws, tax laws, protocols and directives of regulatory authorities. Advising financial institutions on bench-marking of internal controls and procedures for implementing and harmonizing best practices in industry.RISK ADVISORY SERVICE: Internal controls review i.e. Anti-fraud, anti-money laundering, internal audit and compliance, trade finance. SOX 404 & COSO Framework Compliance Review.ORACLE EBS CONSULTANCY SERVICE:: Post Implementation Support Business Process Re-engineering Post Implementation Review  Systems & Process Assurance

Education

  • ACCA
    Chartered Certified Accountant, Accounting and Finance
  • 2022 - 2023
    Oxford Brookes University
    Bachelor of Applied Science - BASc, Applied Accounting
  • Institute of Chartered Accountants of Pakistan
    Financial Reporting, Audit, Cost Management, Business Management, Corporate Laws, Tax

Suggested Services

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Industry Focus. “Retail”

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