Muhammad Bilal Asad
Vice President Finance at ChannelAssist Inc- Claim this Profile
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Bio
Experience
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ChannelAssist Inc
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Canada
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Information Technology & Services
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1 - 100 Employee
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Vice President Finance
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Jun 2016 - Present
Working as Financial Controller at ChannelAssist. My key responsibilities include,• Advising Company on complex accounting issues, reviewing financial compliance with local corporate laws/requirements and adherence to Channel Partner agreements. • Prepare budget, and cash flow forecast and monitor financial performance.• Financial management of Channel programs/ projects. • Support in key decision making and strategic planning.• Prepare monthly and annual financial statements.• Review and analyze data, reports and projections.
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Laurier Optical
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Retail
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1 - 100 Employee
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Accounting Manager
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Jul 2014 - May 2016
Worked as Accounting Manager at Laurier Optical, which has 34 stores all across Ontario and Quebec. My responsibilities include: • Monitor and review financial files compiled using Simply Accounting, QuickBooks and SAP.• Analyze the data and prepare reports for decision making and planning.• Review reconciliations of supplier accounts.• Review the accounts payables and receivables.• Review monthly bank reconciliations for the company.• Prepare annual budget and financial forecast for the year and carry out the variance analysis.• Review books of accounts of each store to ensure these are maintained in compliance with financial reporting standards.• File monthly HST/ GST and QST return with CRA and Revenue Quebec.• Prepare monthly financial statements of each store and consolidated financial statements of the company and carry out the financial analysis of the same.• Prepare the year-end financial statements in accordance with Accounting Standards for Private Enterprises.• Assist in the preparation of annual corporate tax returns.• Carry out the training of store accountants and review their work on a day to day basis.• Worked with the accountants for the amalgamation of corporations.
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Audit Expert
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May 2008 - Apr 2014
• Preparation of financial analysis of various entities to be presented to the parliament of Pakistan and relevant ministries• Training of audit teams in respect of risk based auditing and conducting workshops thereon.• Training and implementation of FAM (audit methodology prescribed by World Bank).• Supervision and review of audit assignments.• Identifying, researching and helping to resolve all complex audit issues.• Performing related work as assigned by Director General.• Supervising the execution of audits and monitor performance of audit teams.• Reviewing of working papers prepared by the audit team.• Assisting Director General in evaluating the audit evidence collected and working papers prepared during audit and forming an opinion on the basis of work performed.• Supervision and review of the audit of grants/ loans issued by the United States Agency for International Development (USAID), World Bank and Asian Development Bank (ADB).
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Financial Management Expert
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Oct 2013 - Dec 2013
Carried out the technical evaluation of the Financial Management module rendered at WAPDA Administrative Staff College (WASC). Carried out the technical evaluation of the Financial Management module rendered at WAPDA Administrative Staff College (WASC).
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USAID
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United States
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International Affairs
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700 & Above Employee
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Financial Management Expert
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Nov 2012 - Mar 2013
Developed Finance Manual for SMEDA, Pakistan and carried out evaluation of the internal audit function of the organization. Developed Finance Manual for SMEDA, Pakistan and carried out evaluation of the internal audit function of the organization.
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PwC
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Professional Services
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700 & Above Employee
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Supervising Senior
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Jan 2005 - Apr 2008
• Planned audit assignments and executed them in an effective and efficient manner by assessing systems to evaluate risk involved at business, financial and operational levels.• Evaluated and issued recommendations for improvements in Accounting and Internal Control Systems.• Prepared financial statements including consolidated statements of groups of companies in compliance with financial reporting frameworks and statutory requirements.• Time management and completing work within apportioned time while maintaining adequate standards of quality.• Reviewed the work of assistants and assisting the manager in the evaluation of the audit findings and forming of audit opinion.• Performed income tax advisory and compliance work including preparation of income tax return of individuals and various public and private sector organizations.
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Education
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Chartered Professional Accountants of Canada (CPA Canada)
CPA, CGA -
Association of Chartered Certified Accountants
Chartered Certified Accountant (Fellow Member), Accounting and Finance -
University of the Punjab, Lahore
Bachelor of Commerce (B.Com.), Commerce